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US: Crypto Advocacy Group Encourages Financial Regulators to Foster Innovation
Cointelegraph.com News - 20 February 2019, 2:46 pmThe Chamber of Digital Commerce urges the CFTC and CFPB to permit the introduction of blockchain-based products. United States blockchain advocacy group the Chamber of Digital Commerce has encouraged two major financial regulators to foster blockchain innovation, according to an official tweet on Feb. 19.The group has reportedly provided comments to the Commodity Futures Trading Commission (CFTC) and the Consumer…Read More
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Ex-Goldman Sachs Engineers Raise $3 Million to Combat Crypto Market Manipulation
Cointelegraph.com News - 20 February 2019, 2:10 pmSolidus Labs, a trade surveillance firm backed by Goldman Sachs fintech veterans, raised $3 million from Hanaco Ventures. Solidus Labs has raised $3 million to combat crypto market manipulation, according to a press release shared with Cointelegraph on Feb. 20.Solidus Labs is a trade surveillance firm whose team includes former Goldman Sachs fintech engineers. The company reports to helps both…Read More
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In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange
Bitcoin News - 20 February 2019, 2:00 pmIn this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about Bitcoin, the latest academic institution to launch a blockchain R&D center, and a new offering from Malta-based exchange Xdat. Also Read: Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship Elon […] The post In the…Read More
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Stablecoins to Play Key Role in Crypto Adoption, Says New Report
Cointelegraph.com News - 20 February 2019, 1:18 pmStablecoins will play a major role in crypto adoption, especially in developing countries, a new study from crypto entrepreneurs shows. Stablecoins will play a key role in mainstream adoption of crypto technologies, according to a report published by California-based stablecoin startup Reserve on Wednesday, Feb. 20.The report, entitled “The State of Stablecoins 2019: Hype vs. Reality in the Race for…Read More
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Coinbase Adds Bitcoin Cash Support to Wallet App
Cointelegraph.com News - 20 February 2019, 12:54 pmCoinbase announced that support for Bitcoin Cash (BCH) has been added to its Coinbase Wallet app. United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Bitcoin Cash (BCH) to its Coinbase Wallet, according to an announcement published on Feb. 19. The update states that users can now store Bitcoin Cash on Coinbase Wallet, adding: “The new…Read More
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Ongoing Economic Crises in Venezuela and Beyond Show That the Idea of Bitcoin as a Store of Value Is Increasingly Catching On
Cointelegraph.com News - 20 February 2019, 12:40 pmFrom Venezuela to India, crypto is being increasingly used in times of economic crisis. Just when it seemed like the economic and political situation in Venezuela couldn’t get much worse, it has. Back in December, the Venezuelan bolívar witnessed its peak annual inflation rate for 2018, with this rate coming in at a dizzying 80,000 percent, according to the calculations…Read More
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Major Crypto Wallet Provider Blockchain.com Opens Office in Lithuania
Cointelegraph.com News - 20 February 2019, 12:31 pmMajor crypto wallet provider Blockchain.com opens its fifth office, announces building up a team in Lithuania. Major crypto wallet provider Blockchain.com has opened its fifth office location, continuing its expansion into Europe, the company announced in a blog post on Feb. 19.According to Blockchain.com, the company considered several locations in Europe, choosing Vilnius, Lithuania. The firm said it found that…Read More
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Survey: Nearly Half of Millennial Traders Have More Faith in Crypto Than Stock Market
Bitcoin News - 20 February 2019, 11:20 amNearly half of millennial traders have more faith in cryptocurrency exchanges than they do in traditional ones. They are also enthusiastic about the prospect of traditional financial institutions offering crypto assets. That’s according to a new survey which shows a “generational shift” where millennials “place their faith in the power of technology and open networks.” […] The post Survey: Nearly…Read More
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Japan’s Second-Largest Securities Brokerage Daiwa Completes Blockchain Pilot
Cointelegraph.com News - 20 February 2019, 10:54 amThe major Japanese investment bank has published the results of a pilot project, aimed at implementing blockchain tech for securities post-trade processing. Daiwa Securities Group, Japan’s second largest securities brokerage, has announced the completion of a blockchain proof-of-concept (PoC) in a press release shared with Cointelegraph on Feb. 19. The PoC implemented blockchain in the trade matching of post-trade processing.The…Read More
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SEC Set to Begin Fresh Consultation Period on CBOE-VanEck Bitcoin ETF
Cointelegraph.com News - 20 February 2019, 9:54 amThe new cooling-off period is the latest in a lengthy battle to get a Bitcoin ETF to market. United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF). The news was announced in an unpublished notice that was filed on Feb. 19.The…Read More
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Coinbase Wallet App Adds Bitcoin Cash Support
Bitcoin News - 20 February 2019, 8:14 amCoinbase announced on Tuesday that users of its wallet app can now directly store their bitcoin cash. The app update will be rolled out to all iOS and Android users in the next few weeks. Both Cashaddr and legacy address formats are supported alongside Bitcoin Cash Testnet for developers. Also read:Â SEC Chair Explains Key Upgrades […] The post Coinbase Wallet…Read More
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Major Japanese Trading Firm Marubeni Partners with US Blockchain Company LO3 Energy
Cointelegraph.com News - 20 February 2019, 8:08 amMajor Japanese trading company is looking to leverage blockchain technology through a deal with LO3 Energy. Japanese general trading company Marubeni Corporation has partnered with a New York-based blockchain startup to use the technology for its energy business, Marubeni confirmed in a press release on Feb. 20.Marubeni, which has expanded beyond Japan into the United States as well as Europe,…Read More
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Binance Launches Decentralized Crypto Exchange Testnet
Cointelegraph.com News - 20 February 2019, 8:04 amBinance has launched the testnet of its new decentralized exchange, Binance DEX, which is based on the Binance Chain and supports hardware wallets. Major cryptocurrency exchange Binance has launched the testnet of its new decentralized exchange, Binance DEX, according to a press release shared with Cointelegraph on Feb. 20.Per Binance, the exchange, powered by Binance Chain — a new blockchain…Read More
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Market Cap: A Flawed Ranking System for Valuing Crypto
Bitcoin News - 20 February 2019, 6:55 amMarket cap is often used as a metric of importance in the crypto industry. Communities will react jubilantly as their preferred coin moves up the rankings. People will often invest in the top X coins based solely on their market cap as they think it is representative of a diversified portfolio. However, is market cap […] The post Market Cap:…Read More
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Bitcoin Cash Merchant Acceptance Is Thriving in These 3 Regions
Bitcoin News - 20 February 2019, 4:20 amBitcoin Cash supporters are all about spreading adoption, and many enthusiasts are relentlessly trying to get people to try BCH and merchants to accept the cryptocurrency for payments. Right now, there are three regions in the world with a significant number of BCH merchants: Slovenia, North Queensland, and Japan, areas which continue to add a […] The post Bitcoin Cash…Read More
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No Internet, No Problem: How to Send Bitcoin by Amateur Radio
Bitcoin News - 20 February 2019, 2:29 amIn an age where governments are trigger happy at censoring or shutting down networks, it is reassuring to know that Bitcoin can operate sans internet. Network censorship, after all, is not some dystopian storyline but a power exercised by many democratic governments across the world. Thankfully, there are solutions that enable people to send and receive […] The post No Internet,…Read More
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Elon Musk: Bitcoin Has ‘Quite Brilliant’ Structure, Paper Money is Going Away
Cointelegraph.com News - 20 February 2019, 12:53 amTesla CEO Elon Musk said that Bitcoin is “a far better way to transfer value than pieces of paper,â€� during an interview on the advisory services firm ARK Invest’s podcast. Technology entrepreneur and Tesla CEO Elon Musk said that Bitcoin’s (BTC) structure is “quite brilliant” and that digital currency is “a far better way to transfer value than pieces of…Read More
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BCH Devs Lock in Code for the Chain’s Next Upgrade: Schnorr and Segwit Recovery
Bitcoin News - 20 February 2019, 12:39 amOn Feb. 14, a group of Bitcoin Cash (BCH) developers sat down and discussed the featured items for the scheduled upgrade this coming May. According to the programmers, two specific features will be ready for the upgrade: Schnorr signatures and Segwit recovery. The developers also detailed that certain features like nullfail and the 100-byte transaction […] The post BCH Devs…Read More
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Canadian Judge Appoints Legal Representatives for QuadrigaCX Customers
Cointelegraph.com News - 19 February 2019, 11:26 pmA Nova Scotia supreme court justice has chosen the legal representatives for clients of Canada’s major crypto exchange QuadrigaCX. The Supreme Court of Nova Scotia has ordered Canadian law firms Miller Thomson and Cox & Palmer to represent customers of cryptocurrency exchange QuadrigaCX in upcoming proceedings. The ruling was announced in a court filing published on Feb. 19.On Tuesday, Justice…Read More
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New Survey Indicates Businesses Unprepared to Deploy Blockchain Technology
Cointelegraph.com News - 19 February 2019, 11:03 pmA new survey reveals that organizations are not ready to implement blockchain tech, although a half of respondents are considering blockchain adoption. A new study has revealed that, while businesses are considering blockchain adoption, overall they do not feel ready to implement the technology. The survey was conducted by software development firm Globant and published on Feb. 19.The report says…Read More
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Survey Ranks South Africa Top for Cryptocurrency Ownership
Bitcoin News - 19 February 2019, 10:30 pmSouth Africa has been ranked as the top country for ownership of cryptocurrency, according to a global survey by social media management company Hootsuite and global agency Wearesocial. The survey found that 10.7 percent of internet users in the country own cryptocurrency. Thailand is second, with 9.9 percent of mobile users owning cryptocurrency and Indonesia […] The post Survey Ranks…Read More
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Survey: Half of Millennial Investors Trust Crypto Exchanges More Than Stock Exchanges
Cointelegraph.com News - 19 February 2019, 9:14 pmA new survey from investment platform eToro has revealed that 43 percent of millennial traders trust traditional stock exchanges less than crypto exchanges. Nearly half of millennial traders have more trust in digital currency exchanges than in United States (U.S.) stock market exchanges. Data regarding millennial investment attitudes was collected in a new study from investment platform eToro and published…Read More
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Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship
Bitcoin News - 19 February 2019, 8:20 pmA recent report published by the Bank of Spain states that Bitcoin is a solution for the creation of a system without censorship. This is in contrast to public comments made by most central bankers who are prone to attack cryptocurrency with little insight into why it is needed.  Also Read: Survey: ‘Blockchain’ Was […] The post Bank of…Read More
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Crypto Financial Services Firm to Offer Crypto Insurance Through Lloyd's of London
Cointelegraph.com News - 19 February 2019, 8:11 pmBlockchain security firm and wallet service BitGo revealed plans to offer crypto insurance through Lloyd’s of London. Blockchain security firm and crypto wallet service BitGo has revealed plans to offer crypto insurance through Lloyd’s of London, according to a press release on Feb. 19.BitGo Business Wallet clients will be able to acquire insurance for their digital assets held on BitGo’s…Read More
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Coinbase Acquires Cryptocurrency Surveillance Company Neutrino
Bitcoin News - 19 February 2019, 5:30 pmCoinbase has acquired the cryptocurrency surveillance company Neutrino, whose team will be joining the American exchange’s European operation. The Milan, Italy-based startup develops blockchain intelligence platforms for crypto companies as well as law enforcement agencies. Also Read: Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018 Coinbase Acquires Neutrino Coinbase, the San Francisco-based cryptocurrency exchange, announced […] The post Coinbase Acquires…Read More