Month: June 2020

In a hearing before the Senate Banking Committee today, June 30, central bank digital currencies (CBDCs) took center stage before an audience of Senators looking to upgrade financial infrastructure and expand financial inclusion in the country. The witnesses and the concerns The banking committee welcomed Paxos CEO Charles Cascarilla, financial inclusion professor and researcher at
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Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are … read
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German distributed ledger technology (DLT) project IOTA today released Pollen – a research testbed aimed at facilitating the IOTA community, researchers, and engineers, to test and validate the concepts of the upcoming fully decentralized, feeless, and scalable IOTA 2.0 network. Marking the Beginning of IOTA 2.0 As part of its three-stage release strategy, IOTA today
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Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are … read
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Bitcoin found itself competing with traditional safe-haven gold all over again as authorities in China uncovered a $2 billion fraud. Kingold, one of the mainland’s most significant gold processing firms, allegedly collateralized 83 tons of fake yellow metal bars to secure 20 billion yuan (~$2.82 billion) worth of loans. Robert Breedlove, chief executive of crypto
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The COVID-19 pandemic has crushed businesses, crippling life all across the world. It is costing darknet drug traffickers millions as well because their methods of moving drugs and funds have been compromised during the lockdown, according to a blog post by Chainalysis. “Darknet market revenue has fallen much more than we’d expect following Bitcoin’s recent
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Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
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Bitcoin’s price has been flashing signs of overt weakness throughout the past several days and weeks The cryptocurrency is now rapidly approaching its critical support at $9,000 The buying pressure here appears to have been degrading over the past several days and weeks Institutional investors and professional traders on the CME appear to believe that
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June 25, a new class action was filed in California against fintech startup Plaid, which was acquired by Visa for $5.3 billion earlier this year. The plaintiffs allege that Plaid violated privacy and data protections by accumulating and monetizing financial transactions of millions of users. The complaint alleges that the company accumulated this data by
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Sergei Guriev, professor of Economics at Paris’ Sciences Po and a critic of Vladimir Putin, told Cointelegraph how Bitcoin can be used as a tool to combat authoritarian regimes despite having “no fundamental social value”. Unlike fiat currencies, the purchasing power of Bitcoin is not backed by any institution. That is why, according to Guriev,
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Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
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IOTA today introduced three phases of IOTA 2.0 – Pollen, Nectar, and Honey – to mark the project’s journey toward the permanent removal of the centralized coordinator node to transform IOTA into a truly decentralized, scalable, and feeless network. Introducing Pollen, Nectar, and Honey IOTA, a German distributed ledger technology (DLT) project focused on developing
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Cardano (ADA) parent firm IOHK today released a technical explanation of Hardfork Combinator operations that would aid the blockchain transition from Byron to Shelley mainnet in an orderly manner. IOHK Releases Details on Hardfork Combinator In an announcement dated June 29, 2020, IOHK detailed the Hardfork combinator that would help the Cardano blockchain in the
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