Censorship-Resistance Is Likely Bitcoin’s Greatest Use Case Amidst Global Sanctions

Censorship-Resistance Is Likely Bitcoin’s Greatest Use Case Amidst Global Sanctions
Source: Btcmanager.com

The inability to quickly process Bitcoin payments finally showed its face in 2017 when prices were high. Not only that, but transaction costs for trading in the pioneer cryptocurrency were far from competitive. And yet, cryptocurrencies have still managed to capture the minds of many world leaders. The reason? In a world as financially-intertwined as ours, the ability to evade…Read More. The post by Liam J Kelly appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups

Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups
Source: Bitcoin.com

The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy. Also read: How Bitcoin Companies can Legally Operate in Switzerland A Swiss Innovation Paradise According to the report, the Swiss Federal Council’s main focus is on “ensuring the integrity and reputation of Switzerland as a financial center” and on better positioning the country to “exploit the opportunities offered by digitalization.” The government’s plan is to create the best possible legal framework conditions so the country can continue to evolve as a leading and sustainable destination for fintech, blockchain, and innovative companies in a number of fields. Although the report discusses the risk of cryptocurrencies being used for illegal purposes like the financing…

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People’s Bank of China Officially Bans Security Token Offerings

Source: Crypto-news.net

During the last couple of months, China has often reiterated its aggressive position towards digital currencies. A similar event recently took place, after the People’s Bank of China (PBoC) decided to ban security token offerings, also known as STOs. Banning the Successor to ICOs For those who do not know, STOs are considered the successors to ICOs. They’re quite similar in purpose, yet there are a couple of differences between the two crowdfunding methods. As such, an STO investment is financially-backed via a company’s assets, revenue or profits. On the other hand, ICOs do not offer any investment backing, yet start-ups give investors value and utility tokens. It seems that the move was fuelled by the fact that despite the bans on Initial Coin Offerings, numerous start-ups were still holding token sales within the country. Pan Gongsheng, who is the…

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Is This the End of Crypto?

Is This the End of Crypto?
Source: Themerkle.com

Bitcoin’s tumbled to a 15-month low. Ethereum is circling the drain. Despite announcements of a Swiss ETP, more regulated bitcoin futures in Q1, a German stock exchange launching a crypto platform, and institutional investors getting in, the market keeps on hemorrhaging. Is it time to jump ship? Cut your losses and get out while there’s something to get out with? Is this the end of crypto? The short answer to that would be, no one knows. It’s possible, of course. Apart from miniature countries floating in the Mediterranean with reputations for accepting money from questionable sources, regulators haven’t been welcoming. The ICO model is all but dead. The scaling headache is now a constant migraine, and Mark Zuckerberg has a net worth to rival the market cap of Bitcoin. Even those inside the industry like Barry Silbert are starting to…

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Monitor Bitcoin Cash Development With the Coin Dance Tracking Page

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page
Source: Bitcoin.com

Cryptocurrency data website Coin Dance revealed on Friday the team’s revamped Bitcoin Cash protocol development tracking page. Interested proponents can get a comprehensive look at all the completed BCH developments, proposals, ideas that are being discussed, and concepts that are currently under development. Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down The Coin Dance Bitcoin Cash Protocol Development Tracking Page The analytical website Coin Dance has added a lot more detail to the site’s development section. The Bitcoin Cash protocol development tracking page expands upon a list of development discussions, proposals, and code that’s being developed right now. For example, there are currently 12 featured concepts ‘under development’ by the groups of developers who help the BCH protocol prosper. Developers from groups like the Cashshuffle developers, Bitcoin ABC, and Bitcoin Unlimited (BU) have all contributed to the…

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Cambridge University Study: Speculation of the Death of Bitcoin ‘Greatly Exaggerated’

Cambridge University Study: Speculation of the Death of Bitcoin ‘Greatly Exaggerated’
Source: Bitcoinist.com

Following news that verified crypto-user numbers doubled in the first three-quarters of 2018, the study by Cambridge University also concluded that the death of Bitcoin amid an 85% drop in price has been ‘greatly exaggerated’ by the media.  Cambridge University: Bitcoin Mining Diversifying Aside from the influx of new users, the report titled 2nd Global Cryptoasset Benchmarking Study reveals several other key findings from the analysis, notably: Diversification has increased, with a rise in cross-segment expansion, meaning 57% of companies now offer integrated services to customers. Multi-coin support has also increased, from 47% of service providers in 2017 to 84% today. Geographical concentration of mining hash power is not as big a problem as commonly perceived as well, with particular growth in North America. A large share of the energy consumed by these facilities comes from renewable sources in regions with excess supply. The report…

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Stablecoin Startup Basis Shuts Down Eight Months after Raising $133 Million

Stablecoin Startup Basis Shuts Down Eight Months after Raising $133 Million
Source: Btcmanager.com

According to an article published by Bloomberg, on December 13, 2018, Basis, a stablecoin startup funded by the likes of Bain Capital Ventures, and Andreessen Horowitz has decided to call it a day due to the persistent ambiguity regarding classification of digital currencies as securities. Crypto Industry in Dire Straits Since November 2018, the cryptocurrency industry has been on a…Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018

Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018
Source: Bitcoin.com

Linkedin has published its 2018 “Emerging Jobs Report” for the United States, in which it names “Blockchain Developer” as the most rapidly emerging employment position of the past year. According to the report, the position saw growth of 33x on Linkedin’s platform during 2018. Also Read: Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments ‘Blockchain Developer’ Tops Linkedin Emerging Jobs Report The position of Blockchain Developer has topped Linkedin’s 2018 emerging jobs report, producing an astonishing 33x in growth according to the social media company. Blockchain Developer significantly overshadowed the growth of the next most-rapidly emerging job on Linkedin, the position of “Machine Learning Engineer,” which was unable to retain its position as the fastest growing job on Linkedin, despite gaining over last year’s 9.8x with 12x growth during 2018. Linkedin lists the top skills associated with…

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Ethereum Price Remains at $83 as Bears Continue to Dominate

Ethereum Price Remains at $83 as Bears Continue to Dominate
Source: Themerkle.com

It is somewhat refreshing and surprising to see multiple cryptocurrency markets go in the green all of a sudden. This is primarily because the Bitcoin value is still down by nearly $32 at this point. In the case of Ethereum, the uptrend hasn’t materialized just yet. Its value remains well below $85, which is not necessarily what traders hope for. Ethereum Price Slump Remains in Place It has become more than apparent the Ethereum price will not return to its all-time high in the year 2018. It may set a new low not seen in over a year, but that is as far as this market will go. There has not been a sustainable uptrend for this altcoin since the overwhelming bearish pressure became apparent. It now seems even more unlikely this trend can be averted, albeit there are still…

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Oral Sex As A CBS Executive Perk? The Mind Boggles.

But isn’t Les Moonves’ compensation of $188,500 PER DAY Even More Obscene?By David Grace (www.DavidGraceAuthor.com)Reality, Ain’t It Grand?From time to time reality just smacks you in the face and screams: “Hey, can you believe this?” This is one of those occasions.The compensation to executives at public companies has reached, and exceeded, truly obscene proportions, both figuratively and literally. Something is seriously, fundamentally, wrong with the mechanism that sets America’s corporate-executive compensation.The CBS Inquiry Into Leslie Moonves’ On-The-Job Sexual AdventuresCBS’s Board of Directors hired outside lawyers to investigate allegations of sexual misconduct by former CEO Leslie Moonves. The New York Times claims to have received a copy of the lawyers’ draft report.DisclaimerAt this point I have to say that this is only a newspaper article based on claimed access to a draft report. I don’t know if the report actually says what the Times…

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Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?

Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?
Source: Bitcoin.com

The current crypto bear market is dragging on, with billions in cryptocurrency wealth wiped out in 2018. The trading volume of six year-old Coinbase has hit a yearly low. Despite the crypto winter, the company is continuing to raise funds and has reached an impressive valuation of $8 billion. But is this figure justified and will Coinbase meet the $1.3 billion in revenue it’s projected for 2018? Also read: Coinbase Opens the Door to More than 30 Cryptocurrencies Six-Year-Old Startup in an Uncertain Industry In 2017, Coinbase generated $923 million in revenue and $380 million in profit. In 2018, the San Fransisco-based exchange is projected to bring in a total of $1.3 billion in revenue and $456 million in profits, according to a recent Bloomberg report, citing a document it reviewed.  Coinbase is expected to have generated just $600 million in revenue by the end…

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Bitcoin SV Drops to $65 Following 12% Drop

Bitcoin SV Drops to $65 Following 12% Drop
Source: Themerkle.com

There is plenty of red across all cryptocurrency and digital asset charts today. This is not entirely abnormal by any means, as Bitcoin dictates the overall momentum. Although the hourly charts show some positive momentum, one market not seeing any improvements is Bitcoin SV. This altcoin is getting beat up from every side as this weekend trucks on. Bitcoin SV Price Battering Continues It is not entirely surprising to see the Bitcoin SV price go down significantly. After all, this fork of Bitcoin Cash has been through the wringer ever since it was created a month ago. The coin still serves no real purpose for regular users and it seems most speculators are also bailing on this altcoin for the time being. That pushes the value to just above $65, albeit that level may not hold for much longer either….

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Triip Travel Impact Company Adds Ether (ETH) and Tomochain (TOMO) to List of Payment Options

Triip  Travel Impact Company Adds Ether (ETH) and Tomochain (TOMO) to List of Payment Options
Source: Btcmanager.com

Triip, a Singaporean, global travel platform that claims to make it possible for travelers to enjoy exciting private tours by offering them frictionless hotel booking experiences in 227 countries, has announced that its clients will soon be able to book their travels with Ether and TOMO tokens, according to local news source Digital News Asia on December 13, 2018.   …Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Wendy McElroy: From Drugs to Gold and Prostitution, the Blockchain Minimizes Violence

Wendy McElroy: From Drugs to Gold and Prostitution, the Blockchain Minimizes Violence
Source: Bitcoin.com

The Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 9 From Drugs to Gold and Prostitution, the Blockchain Minimizes Violence The most obvious objection to relying on self-defense…and restitution to prevent and rectify rights violations, is that these measures will be inadequate to deter criminals…Most people fail to appreciate the fundamental obstacles placed in the path of crime prevention by the perverse logic of public property, public law enforcement, and public imprisonment. Step one: start with public streets, sidewalks, and parks where every citizen must be permitted unless proved guilty of a crime. Step two: rely on an inherently inefficient public bureaucracy to catch, prosecute, and try those criminals against whom enough evidence of guilt exists. Step three: should they be convicted, subject criminals to the dangerous, unproductive, and sometimes uncontrollable…

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3 Cryptocurrencies Decoupling From Bitcoin into 2019 (PAL, TRX, WAVES)

3 Cryptocurrencies Decoupling From Bitcoin into 2019 (PAL, TRX, WAVES)
Source: Bitcoinist.com

2018 was underwhelming compared to 2017. The bear market went into full swing and most cryptocurrencies lost over eighty percent. Bitcoin has begun decoupling from many cryptocurrencies including those having some of the biggest developments of 2018. WAVES, TRX, and PAL are three cryptocurrencies that have persevered through the bear market. These three projects exceeded expectations and even demonstrated an important decoupling from BTC. Cryptocurrencies PAL, WAVES, and TRX Decouple Even during the bear market, there were major events in many cryptocurrency projects. PAL, TRON, and WAVES all had major developments as many cryptocurrency projects were imploding. TRX (Tron) which as of December 31, 2017, was not in the Top 15 cryptocurrencies had a very important year regarding development. The TRX team burned 1 billion tokens and launched their mainnet in May. The mainnet was further developed the following month with…

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Coinbase Restores PayPal Withdrawals for U.S. Citizens

Coinbase Restores PayPal Withdrawals for U.S. Citizens
Source: Forklog.net

Cryptocurrency exchange and wallet provider Coinbase has restored withdrawals to PayPal accounts, initially for its U.S. customers. Starting today, all Coinbase customers in the U.S. can instantly withdraw Coinbase cash balances to PayPal for no fee. It’s Day 5 of 12 Days of Coinbase. Learn more here: https://t.co/tfYVzgJjxc pic.twitter.com/EFHn8LFPTs — Coinbase (@coinbase) December 14, 2018 […]

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Netherlands Central Bank to Regulate Crypto Exchanges to Prevent Money Laundering

Netherlands Central Bank to Regulate Crypto Exchanges to Prevent Money Laundering
Source: Coinidol.com

Dec 15, 2018 at 15:20 // News De Nederlandsche Bank, the Dutch central bank, plans to regulate digital currency firms by demanding they register and acquire valid licenses to start operating. The central bank hopes the measure will prevent money laundering and the application of cryptos to finance terrorism, according to De Telegraaf – a Dutch daily newspaper. To be eligible for a license, digital currency firms must report anomaly transactions and try to understand who their clients are.  The bank revealed that the regulation was important since the decentralised, faceless nature of the digital asset makes it a major target for illicit money launderers.  An investigation showed that over $88 million has been successfully laundered in around 46 crypto exchanges across the world since 2016.  Crypto Sector Liable to Money Laundering  ShapeShift AG, an altcoin exchange service, purportedly processed…

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The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property

The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property
Source: Bitcoin.com

The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.” Finally, according to a recent report, stablecoins have seen significant growth over the past few months. Also read: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited Japanese Regulator Renames Cryptocurrencies Japan’s Financial Services Agency (FSA) has decided to call all cryptocurrencies “crypto assets,” the country’s leading daily Yomiuri Shimbun reported. The reasoning behind the decision is to help traders avoid confusing digital coins with legal tender recognized by the government in Tokyo. The regulator notes the price of many cryptos fluctuates wildly, there’s no evidence of value and it’s often unclear who is issuing them. FCA’s advisory panel…

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Polymath Price Hits $0.14 Following Major Gains

Polymath Price Hits $0.14 Following Major Gains
Source: Themerkle.com

As all cryptocurrency markets continue to feel the pressure, a lot of investors grow uneasy. The extensive bear market of 2018 has gone on for some time now and seems to grow worse over time. Polymath, one of the lesser-traded altcoins, is making a small move up at this time. A somewhat surprising turn of events, albeit some ecosystem developments are worth paying attention to. Polymath Price Momentum is Surprising It is very difficult for any cryptocurrency or digital asset to buck the negative trend in 2018. Every small uptrend is suppressed pretty quickly, which makes for very unfavorable market conditions first and foremost.  Whether or not this current Polymath price trend can remain in place for more than a few hours, is very difficult to guesstimate at this point. The overall market conditions do not warrant such a positive…

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Crypto Market Registers a Swamp of New Investors Amid Meltdown

Crypto Market Registers a Swamp of New Investors Amid Meltdown
Source: Coinidol.com

Dec 15, 2018 at 13:38 // News 2018 has unquestionably been one of the more ill periods for digital assets in terms of prices, though it has not been considered indicative with feelings of pessimism and despair because adoption is highly increasing as real usage of digital currencies is on the rise. Over the last month, the Bitcoin (BTC) price deeply plunged and is standing at around $3,400. At press time, other major cryptos such as Ripple (XRP), Ethereum (ETH) and Stellar are trading at $0.304, $90.9 and $0.1115 respectively. With a plunge of almost 87 percent since the month of January 2018, digital currency markets are lying horizontally with no or fewer signs of a rebound. Several industry analysts have anticipated more losses and the conventional media is over-joyfully writing and posting a torrent of FUD.    The Cambridge…

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Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments

Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments
Source: Bitcoin.com

Increasingly frequent action taken by the SEC against initial coin offerings is expected to lead to more cryptocurrency projects being forced to refund investors. Among those expected to be affected is the first U.S.-based cryptocurrency investment firm, Pantera Capital, with the company bracing to receive refunds on a quarter of its ICO investments. Also Read: BTI Claims Only Two of Top 25 Crypto Exchanges Accurately Report Volume Pantera Capital Anticipates a Quarter of ICOs in Portfolio May Be Targeted for Securities Violations In a letter written by Dan Morehead and Joey Krug, Pantera’s co-chief investment officers announced the company’s expectation that one in four of its ICO investments will be deemed to comprise unlicensed securities. If that proves to be the case, the projects may be compelled to issue refunds to investors. The concerns have been sparked by the SEC’s Nov….

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