Major Exchange CEO: Despite Correction, Demand For Bitcoin Has Not Declined

Major Exchange CEO: Despite Correction, Demand For Bitcoin Has Not Declined
Source: Newsbtc.com

Yoni Assia, the CEO of major multi-asset trading platform eToro, has said that the correction of Bitcoin is positive for the long-term health and growth of the crypto market. Throughout August, Bitcoin recorded its third major correction in 2018, as its price fell from $8,500 to $5,850. But, shortly after dipping below the important $6,000 support level, the dominant cryptocurrency recovered relatively quickly to mid-$6,000. 1-day Bitcoin price chart, provided by Cryptowat.ch Demand For Bitcoin Has Not Declined In an exclusive interview with NewsBTC, Assia, who oversees one of the biggest online trading platforms in the global finance sector with more than 8 million users, said that market correction was necessary in order for the crypto market and industry to mature, establishing a foundation for future rallies. He emphasized that the demand for Bitcoin and cryptocurrencies as an emerging asset…

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Can The Slow Cryptocurrency Recovery be Sustained?

Can The Slow Cryptocurrency Recovery be Sustained?
Source: Newsbtc.com

FOMO Moments Markets slowly recovering this weekend; XRP, EOS, Neo and Tron climbing back, VeChain falling slightly. The slow creep upwards has continued into the weekend as cryptocurrencies add more gains following their lowest levels of the year. Total market capitalization has crept up slightly and is currently holding above $215 billion, 14% up on Tuesday’s big dip. Bitcoin has not moved much over the past 24 hours, it is still trading at $6,500. BTC did reach and break $6,600 a few hours ago but resistance was too strong and it fell back again. Ethereum is still inching up with small gains every day now, today it is 2.2% higher to $308, though the ascent has slowed and prices have retreated a little. Altcoins are pretty much all in the green this morning. Leading the gains in the top ten…

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XRP Technical Analysis: XRP Spearheads Recovery, Adds 10%

XRP Technical Analysis: XRP Spearheads Recovery, Adds 10%
Source: Newsbtc.com

Like most coins, Ripple and XRP are bullish. Not only are we seeing important partnerships that steels XRP and xRapid,  XRP prices are also on a recovery path adding a massive 13 percent in the last day helping propel prices from 25 cents supports. Technically, this recovery might continue though XRP is within a bear trend as the weekly chart shows. From the News Standard Chartered, UBS and more than 50 global banks are some of the main players making use of RTXP and several of Ripple’s products as xCurrent and xRapid. There are several demonstrations that have shown that using xRapid and XRP for example significantly helps slash cost of transaction. While it’s perfect for supporters, users-financial institutions can either make use of xCurrent–a solution that doesn’t incorporate XRP or xRapid, a gross time settlement solution that make use…

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Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoins Are Back To (Temporary) Green

Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoins Are Back To (Temporary) Green
Source: Newsbtc.com

The altcoins market is in recovery mode and after more than two months of persistent sells, their momentum is fading. Though they still lack solid confirmation, price floors are morale boosting for coins as EOS, Tron, IOTA and even Litecoin which were heading lower. Next week’s price action would influence the short term price trajectory of most altcoins under review. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View First, before taking a trading decision, note that EOS price action is in a down trend. Going forward we shall maintain this stance regardless of yesterday’s completion of a three bar reversal pattern, the Morning Star forming at around our first support line at $4. Overly, we shall retain yesterday’s EOS trade plan and the best way EOS buyers can confirm recent resurgence is…

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Huge Chinese Retailer Launches Open Blockchain Platform

Source: Newsbtc.com

One of China’s largest retailers, JD.com, is launching a blockchain platform. The idea behind the JD Blockchain Open Platform is to allow the company’s enterprise customers to develop their own applications based on the innovative and disruptive technology. JD.com Hopes to Encourage Innovation with New Platform The goal of the JD.com’s new platform is to provide the company’s business customers with a framework to develop their own smart contract-based systems. These will be hosted on public and private enterprise clouds. JD.com’s customers will be able to create and fine tune their own smart contract applications in line with their specific needs, according to a blog entry posted earlier today. The post goes on to state that the JD Blockchain Open Platform is built on “multiple underlying technologies”. The hope is that by using these technologies, JD.com’s clients will be able…

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UK Regulator Warns Investors of Rising Cryptocurrency Scams

Source: Newsbtc.com

The Financial Conduct Authority, UK’s financial watchdog, is reminding consumers that cryptocurrency scams are rising in the country. Residents in the United Kingdom who decide to invest in Bitcoin or any other virtual currency are not protected by the regulatory framework given that cryptocurrencies are not regulated by the FCA. £2 Million Lost In Cryptocurrency Scams In June And July Alone A warning of cryptocurrency scams first made in June has been re-posted by the UK regulator to let consumers know that fraudulent schemes are on the rise. “UK consumers are being increasingly targeted by cryptocurrency-related investment scams […] Cryptocurrency fraudsters tend to advertise on social media, often using the images of celebrities or well-known individuals to promote cryptocurrency investments. […] The firms operating the scams are usually based outside of the UK but will claim to have a UK presence,…

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Why is Zcash 2.0 Sapling Release Important for Private Crypto Transactions?

Source: Newsbtc.com

Privacy cryptocurrency Zcash (ZEC) announced the release of their 2.0.0 version on August 16th, introducing the first Sapling-compatible version of the Zcash node software.  The privacy currency also added several other notable features in the newest software update, including an important fix to the peer banning bug that came about following the previous Overwinter update. The update included other minor fixes and additions to the Zcash network, including backport upstream improvements, various bug fixes, and an update to the mainnet checkpoints to improve the speed of initial synchronization. What is Sapling and How Does it Improve Private Transactions? Sapling is the next major upgrade of the Zcash network and is scheduled to go live on October 28th of this year. The update comes after two years of the Zcash team conducting a plethora of tests and updates in an effort…

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Crypto Trading Fees a Major Revenue Driver Despite Market Decline

Source: Newsbtc.com

Top analysts from major money management firm Sanford C. Bernstein & Co. believe that revenue from crypto trading fees will double in 2018, despite declining interest and prices in cryptocurrencies like Bitcoin and Ether. Bernstein Suggests Crypto Trading is the Next Big Thing New York-based global asset management firm Sanford C. Bernstein & Co. has released a new report titled “Crypto Trading — the Next Big Thing is Here?” In the report, analysts claim that fees generated from the buying and selling of crypto assets was responsible for as much as 8 percent of what established, traditional exchanges generate in fees, despite the emerging cryptocurrency market being in its infancy. The total fees amassed at the largest exchanges alone top $1.8 billion in revenue, so it’s no surprise that Wall Street is showing some signs of interest in getting their…

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Did Bitcoin Bottom Out at $5,800 and is This the Beginning of a New Rally?

Did Bitcoin Bottom Out at $5,800 and is This the Beginning of a New Rally?
Source: Newsbtc.com

In merely three days, the Bitcoin price has recovered from $5,850 to $6,500, leading the entire crypto market to rebound by a large margin. Followed by the establishment of Bitcoin’s newly found momentum, tokens and small market cap cryptocurrencies have risen by absurdly large margins, by around 30 to 80 percent in the past 48 hours. As NewsBTC reported earlier today, on August 17, the price of China-based cryptocurrency VeChain rose by more than 50 percent as other tokens including Ontology and ICON recorded solid 30 percent gains. Has the Market Reached its Bottom? A strong case can be made, despite the expectations of prominent investors such as BitMEX CEO Arthur Hayes and Susquehanna digital asset lead Bart Smith for another large drop in the value of Bitcoin, that the cryptocurrency market has reached its bottom. Weekly gain of Bitcoin,…

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Perspectives on Sapling

Source: Blog - Z.cash

Last week we introduced a video series called Perspectives. These short interviews were conducted at Zcon0 on various topics relevant […] The post Perspectives on Sapling appeared first on Zcash Blog.

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Daily Recap: Crypto Market Surges as Tokens Including VeChain Spike 50%

Source: Newsbtc.com

The cryptocurrency market has shown a marked recovery from its bearish mood which saw Bitcoin drop below $6,000 to a near 2018 low. While Bitcoin stands at $6,500 today – an increase of over 2% in 24 hours, crypto analysts say that only an upward movement above key resistance at $6,675 would indicate a bullish reversal. Several other cryptocurrencies have also witnessed a significant upward price movement in the last 24 hours. Ethereum, at $300, is up by over 4% today, while Ripple has grown by nearly 8%. However, the top crypto performers have risen by 20% or more. Lisk, Ontology, Nano, and Verge have spiked 21%, 37%, 32% and 29% respectively. VeChain has shown the strongest recovery with a price rise of nearly 80%. VeChain’s surge stems from its impending listing on Coinbase, among other factors. VeChain’s X Node…

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ANN: DigixDAO Ongoing Development Proposal for Carbon Vote 2

Source: Blog - Digix

Link to the Carbon Vote 2 siteDigix is calling for a second Carbon Vote for the disbursement of USD 20MM from the DigixDAO Crowdsale funds for ongoing development works, including DigixDAO governance platform development completion, technical and infrastructure maintenance, legal and regulatory compliance, operational staffing, marketing and overseas expansion plans.You will find our proposal attached on the carbon voting site. In the proposal, we lay out our broad plan of how we will utilise the funds, the rationale for the request and how we will conduct the vote.More information can be accessed on the Carbon Voting site.Timeline and RulesThe voting phase is from 20th August 2018 4:00 UTC to 4th September 2018 4:00 UTC (“decision point”).Voters vote for either Yes or No.Each Ethereum address can vote and change their vote anytime during the voting phase. Only the last vote counts.The votes will be weighted accordingly to…

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New Release: 2.0.0

Source: Blog - Z.cash

We’re happy to announce the release of Zcash 2.0.0, the first Sapling-compatible version of the Zcash node software! Sapling Activation […] The post New Release: 2.0.0 appeared first on Zcash Blog.

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Completion of the Sapling MPC

Source: Blog - Z.cash

Zcash’s next major upgrade, codenamed Sapling, will be activated later this year. One of our final goals before activation is […] The post Completion of the Sapling MPC appeared first on Zcash Blog.

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Digix Dev Update — 14 Aug, 2018: Increased DGX, Kryptono Exchange Promotion, DGD Focus Group

Source: Blog - Digix

Minted more DGX over the past 2 weeksWe are excited to have minted an additional 12 kg worth of DGX over the past 2 weeks.With an increase in DGX price and circulating supply despite the overall bear market, it seems that there is growing demand for DGX as a volatility hedge or a safe haven asset.Screenshot taken as of 14 AugustWith this in mind, we are eager to scale up our operations and marketing in the immediate future to further the improvement and growth in adoption of DGX.Kryptono Exchange numbersSince our previous update, the 24hr trading volumes for DGX has skyrocketed to more than 7,300 ETH in volumes. This has revealed encouraging numbers on the DGX profile of the Stable Coin Index, which is powered by Coin Market Cap.Following from the observation of the newly minted DGX supply, the volumes noted through Kryptono Exchange further supports that…

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DigixDAO Governance Model — Update #9

Source: Blog - Digix

Carbon Vote SummaryIt has been 13 days since the start of the carbon vote for the two DigixDAO parameters. 130 votes and 536103 DGDs have been counted, which is equivalent to 26.8% of the total supply of DGDs. We have officially crossed the 300000 DGD quorum by a huge margin (and Digix has not actually voted). This goes to show how active DGD holders are in governance, which is a promising sign to an eventual success of DigixDAO.Carbon Vote InstructionsIn the event that you have not voted, please see the following blog post and video tutorials on how to vote via the different ways.https://medium.com/@Digix/digixdao-governance-model-update-8-e478f1554dThe carbon vote will be active until Saturday, September 1, 2018 8:00:00 AM UTC. So DGD holders who haven’t yet voted, still have ample time to cast their votes.DigixDAO Smart Contract TestingWe have briefly described the architecture of DigixDAO smart…

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Zcash Community Perspectives

Source: Blog - Z.cash

Earlier this year, people in the Zcash ecosystem participated in Zcon0, the first conference for the Zcash community. The conference […] The post Zcash Community Perspectives appeared first on Zcash Blog.

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Refreshing the TenX brand — Bringing cryptocurrencies to the masses

Source: Blog - Tenx-wallet

At TenX, our primary mission is to bring cryptocurrency to as many people as possible, all over the world.This year, we found ourselves growing immensely both as a company and as a brand. As the breadth of our product offerings grow, so did our potential customers.In addition to seeing our own product grow in public interest, we’ve also observed the incredible maturation of the cryptocurrency space as a whole, along with an explosion of innovation in the mobile payments space.For these reasons, we think we’re getting really close to bringing cryptocurrency to the masses.Ultimately, it prompted us to stop and reflect on who we were as a company. What do we stand for, in terms of our culture, our core values, and our vision? How will that hold up in a world where cryptocurrencies and decentralised technology are commonplace?There’s lots to reflect on….

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DigixDAO Governance Model — Update #8

Source: Blog - Digix

Upcoming Carbon VotingLink to voting websiteThe carbon voting for the two important DigixDAO parameters will start on 1st August 2018 8:00 UTC as scheduled. The two parameters are:The portion of the total DGX rewards per quarter that goes into the moderator rewards pool.The minimum amount of DGDs the moderators need to lock in per quarter.Please refer to our previous updates or this document to read more about the two parameters or the governance model.The known exchanges’ addresses will be excluded from this carbon vote (because the DGDs in those wallets technically belong to the users and not the exchanges).Reputation bonus for carbon voting participantsTo incentivize participation, we will be rewarding users who participate in the carbon vote with a fixed amount of initial reputation points when the DigixDAO contracts launch, if they use the same address to register.Carbon voting instructions:You can only vote using…

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Digix Dev Update — 31 July, 2018: Promo week, Kryptono Competition, Outreach

Source: Blog - Digix

Promo week conclusionWe concluded our first promo week event last week from 23–27 July, where we slashed premiums by up to 85%. This has brought increased sales, new traffic and new customers.We are glad to announce that this first promotional event went well and are thankful for everyone’s support. We have other upcoming promotional events in the pipeline, so do keep a lookout for these and we will share on our respective channels in due course.DGX Kryptono CompetitionWe have reached the mid way point of the DGX Competition on Kryptono Exchange. There have been impressive 24h trading volumes, reaching highs of more than 810ETH. The first centralised exchange listing of DGX has shown extremely positive results so far and is a great sign of things to come.Just a reminder — with over 300g worth of digital gold to be won, there are still plenty…

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ANN: DigixDAO 1st Governance Carbon Voting — 1st August 2018 8:00 UTC to 1st September 2018 8:00…

Source: Blog - Digix

ANN: DigixDAO 1st Governance Carbon Voting — 1st August 2018 8:00 UTC to 1st September 2018 8:00 UTChttps://digix.global/governance_carbon_082018/#/Voting URL:https://digix.global/governance_carbon_082018/#/TIMELINE & RULESThe voting phase is from 1st August 2018 8:00 UTC to 1st September 2018 8:00 UTC (“decision point”).Each vote consists of a number from 0.0% to 5.0% for the moderator rewards pool, and a number from 0 to 1000 for the minimum amount of DGDs required for a moderator.Each Ethereum address can vote and change their vote anytime during the voting phase. Only the last vote counts.The votes will be weighted accordingly to the DGD balance in the voter’ address at the “decision point”. This means that voters can transfer DGDs in and out of their voting address freely during the voting phase, but the balance that will ultimately count towards their vote is the balance at 1st September 2018 8:00 UTC.Hence, a voter can also…

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BitGo Adds Zcash

Source: Blog - Z.cash

BitGo, a market leader in institutional-grade cryptocurrency security, today announced support for Zcash. BitGo provides the highest level of security, compliance […] The post BitGo Adds Zcash appeared first on Zcash Blog.

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FLASH ANN: DGX PROMO WEEK!!

Source: Blog - Digix

To tie in with the launch and trading competition of DGX tokens on kryptono.exchange, Digix is excited to announce that we will be starting a week of discounts for DGX purchases on our marketplace just for you!Promo Week commences this coming week, Monday 23 July 20:00 SGT to Friday 27 July 23:59 SGT. You can look forward to up to 85% off on DGX premiums.We would like to thank everyone for their support thus far and we hope this brings some good start of week news for you!(P.S For those who have yet to do so, there’s a few hours’ head’s up to submit your KYC documents before the promotion kicks off!)We always appreciate feedback from the community on any angles, so do drop us a note or join our channels below:Medium: https://medium.com/@DigixReddit: http://reddit.com/r/digixTwitter: https://twitter.com/digixglobalFacebook: https://www.facebook.com/digixglobal/Github: https://github.com/digixglobalTelegram: https://t.me/digixofficialDiscord: https://discord.gg/CCDBJJC

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Engineering at TenX

Source: Blog - Tenx-wallet

It’s been a couple of months since I started my new role at TenX as VP of Engineering (and Product), and when Julian asked me to do an Engineering Q&A, I thought it’d be helpful to reflect on some of the challenges and decisions we made through the first half of 2018.A bit about me — my name is Alvin and I’ve been at TenX since October 2017. My first couple of months was ramping up, getting things organised and basically settling in with the team. I was previously from PayPal and had actually left to be a Venture Partner (my role as Head of the PayPal Innovation Lab prevented me from pursuing this whilst employed there). I continue to dabble in venture funding, but my focus is on TenX, where I work with a team of around 17 engineering and another 5…

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COMIT update — on-chain Atomic Swap between ETH and BTC (using SegWit)

Source: Blog - Tenx-wallet

Our R&D team CoBloX have published their latest work on the COMIT protocol. We are one step closer to connecting the blocks.Read about it now on their blog:https://medium.com/coblox/connect-all-the-blockchains-atomic-swap-78b38fff42eCOMIT update — on-chain Atomic Swap between ETH and BTC (using SegWit) was originally published in TenX on Medium, where people are continuing the conversation by highlighting and responding to this story.

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The Cryptum ICO is Now Open Funding the First Crypto Mining Board Game

The Cryptum ICO is Now Open Funding the First Crypto Mining Board Game

Last month we have shared some information about an interesting new crypto crowdfunding campaign coming soon with the ultimate goal to fund the The First Crypto Mining Board Game. Today the Cryptum ICO has officially started and will take place in the next 30 days (Stage 1) distributing up to 1 Million CRTM tokens to users that decide to support the project with ETH or BTC. Any remaining tokens that are not distributed during the first stage plus an extra 100 thousands will be available for distribution in the second stage of the funding and you will be able to participate with multiple different altcoins. More details about the parameters of the Cryptum ICO are available here, but do note that the first 24 hours of the crowdsale there is a 16% bonus available, then the next 4 days it…

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JSEcoin – Javascript Embeded Cryptocurrency for Webmasters

JSEcoin – Javascript Embeded Cryptocurrency for Webmasters

It seems that there is an interesting new cryptocurrency called JSEcoin that is targeted at offering webmasters a different way to monetizing their website traffic. Essentially allowing visitors to the website to mine the cryptocurrency with the help of small piece of javascript code embedded on the blog or website. The algorithm is not very heavy or demanding and the mining process itself does not seem to be taking too much CPU resources (it is CPU only), so the computer remains responsive and working just fine as if it is not calculating anything. This is making it pretty interesting for owners of big websites with more visitors, especially visitors that stay longer, but also makes it easy for regular users that are not yet into cryptocurrencies to actually get into mining this new cryptocoin as it only requires you to…

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BitMain Apparently Releasing 8x GPU AMD and Nvidia Miners in China

BitMain Apparently Releasing 8x GPU AMD and Nvidia Miners in China

It seems that BitMain is willing to extend its presence from just the ASIC mining market as the company is apparently releasing two new devices for miners that are essentially dedicated GPU miners. For now the devices dubbed G1 with 8x GeForce GTX 1060 GPUs and G2 with 8x Radeon RX570 GPUs are only listed on the Chinese website of the company with prices only in CNY. This means that they are most likely targeted initially for the Chinese miners market and may not be sold outside of the country. Inside the server like cases we are expecting to see mining versions of the GPUs being used as this is the way to go with such solutions intended for large scale mining operations and not for small home miners. As one would expect the devices are targeted at Ethereum (ETH)…

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BaikalMiner Baikal Giant X10 ASIC Miner Coming Soon

BaikalMiner Baikal Giant X10 ASIC Miner Coming Soon

It seems that BaikalMiner also wants to join in the recent wave of new and much faster second generation X11 ASIC miners with their Baikal Giant X10 that was just announced on their twitter account (still not on the official website). The device is supposedly going to offer 10 GHS hashrate for X11 (DASH) at 800W of power usage as well as Quark and Qubit algorithms initially with lower power usage. Support for X13, X14 and X15 is not available on this device, but there is a mention of a future update that will add 4 new algorithms. The miner will supposedly be available at a price of $1188 USD with deliveries starting by the end of October. It is certainly not the fastest, but pricing does seem pretty reasonable for what you get in terms of hashrate and the…

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Gigabyte GA-H110-D3A 6x PCI-E GPU Mining Motherboard

Gigabyte GA-H110-D3A 6x PCI-E GPU Mining Motherboard

The chances are not many of you have heard about the Gigabyte GA-H110-D3A motherboard that is intended for 6x GPU mining rigs and the reason for that is probably the fact that Gigabyte hasn’t been promoting this product much as a mining motherboard. Gigabyte is a bit late on the GPU mining front with a motherboard designed for mining rigs with the GA-H110-D3A, even though the motherboard comes with up to date specs. That however does not mean that the company hasn’t been offering other higher-end products that are good to go for use for crypto mining, there are quite a few of these already and we have been using some of the models ourselves. The GA-H110-D3A however is still new for us and we are going to be giving it a try and sharing our experience with the motherboard…

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Russia Faces Internal Battle Over Bitcoin – Forbes

Forbes Russia Faces Internal Battle Over BitcoinForbesThe Finance Ministry said recently that it wants to allow for bitcoin and other digital currencies to be traded on the Moscow Stock Exchange (MOEX), opening up the market to qualified investors as early as next year. Qualified investors are required to … Original Source

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Regulators Approve First Bitcoin Fund Manager

The British Columbia Securities Commission (BCSC) has approved First Block Capital Inc.’s first Bitcoin registration. The Vancouver-based financial institution aims to be a registered fund manager and a market dealer to duly operate and circulate a Bitcoin investment fund in Ontario, Canada and British Columbia. Canada has been consistently one of the few countries that embrace Blockchain and its potentials. While other countries threaten to brand ICOs and cryptocurrencies as illegal, Canada has been exploring other possible ways to best regulate and embrace other potential use cases of the technology to improve its public services. Cryptocurrency investments welcome in Canada According to Zach Masum, manager of legal services, capital markets regulation, and leader of the BCSC Tech Team, the cryptocurrency investments are gaining attention in Canada as it is new and a novel form of investing in the country. Moreover,…

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Cryptocurrency Agnosticism and a Vision for Privacy

Which cryptocurrency is the best? That’s a heated question to ask and an impossible one to answer. Particl, an ecommerce blockchain startup, wants to free users from having to answer that question. The project is building a cryptocurrency-agnostic ecommerce platform, where users can buy and sell using the coin of their choice. Here’s how Particl’s platform will work and why its cryptocurrency-agnostic approach is so innovative. Defining Cryptocurrency Agnosticism A cryptocurrency-agnostic platform is just what it sounds like. It means that the platform has the ability to support all cryptocurrencies, without preference for any particular one. On Particl’s platform, you can buy with Bitcoin. You can buy with Ethereum. And you can buy with PART, the native utility token on Particl – regardless, every cryptocurrency used for buying on the Market is treated equal. Buyers can even use different coins…

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Bitcoin’s price tanks after report China plans further crackdown

Philippe Lopez | AFP | Getty Images A man walks out of a shop displaying a bitcoin sign during the opening ceremony of the first bitcoin retail shop in Hong Kong on February 28, 2014. The price of bitcoin fell sharply after a report China’s regulators are planning a further crackdown on the digital currency. Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation. Bitcoin’s price fell 7 percent Friday following the news, according to Coindesk market data. Earlier in the week on Monday, Chinese regulators announced a ban on organizations from raising funds using initial coin offerings (ICOs), which sparked a $200 decline in the price of bitcoin. Original Source

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Will Gold Make You 25,000% Richer Like Bitcoin?

Gold has always been considered a safe haven asset. Now Bitcoin is appearing to exhibit gold-like properties. Will Bitcoin replace gold as the new safe haven asset? Anti Danilevski, CEO of KICKICO, a Russian blockchain platform for initial coin offerings, explains that during financial difficulties, Bitcoin has already been performing in analogous ways to gold — representing a calm harbor for investors. “During the last year S&P 500 index was decreased, gold (GLD) increased by 14.4%, whereas Bitcoin increased by 74.9%,” Danilevski said. “During the last five years, S&P 500 increased by 68.8%, gold decreased by 26.5%, whilst bitcoin grew by an impressive 24.9%.” Danilevski believes cryptocurrency is not only a good backup plan, but compared to gold, it grows considerably more in its price with a growing market. Taking into consideration the recent events such as the clash between…

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Cryptocurrency Market Cap Climbs Over $150 Billion

The past week has been a prime illustration of the way in which the cryptocurrency can move up and down both very quickly and by large margins. Last weekend, nearly all of the top digital currencies fell precipitously in value, some declining by as much as 50% in price over a span of just 24 to 48 hours. According to Coin Desk, the industry fell by about 25% overall during that time, and the fall started just after digital currencies had reached an all-time high. The quick sell-off had some analysts wondering if this was the beginning of a crash. And yet, just a few days later, the industry has regained much of that lost ground, growing by about $150 billion to reclaim some of the value which was lost. 17% Regained by Wednesday After the drop of about 25%,…

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Howard Marks Issues a Mea Culpa on Bitcoin, But He’s Still Not Investing

Billionaire investor Howard Marks, who ignited a fierce backlash from cryptocurrency advocates after dubbing bitcoin a “fad” in July, has a had change of heart. Well, sort of. Photographer: Christopher Goodney/Bloomberg Bitcoin, in fact, boasts a key attribute that may spur the digital method of exchange to serve as an alternative to legal tenders and as a store of value in the years to come: the simple fact that people believe in it. “What bitcoin partisans have told me subsequently is that bitcoin should be thought of as a currency — a medium of exchange — not an investment asset,” the Oaktree Capital Group LLC co-chairman wrote in a client memo Thursday. There’s no obvious reason why government-issued fiat currencies are superior to digital currencies, he adds. “So my initial bottom line is that I see no reason why bitcoin…

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Bitcoin Regulation: A Necessary Evil

Bitcoin Regulation: A Necessary Evil | Investopedia‘; String.prototype.replaceAll = function (find, replace) { return this.replace(new RegExp(find, ‘g’), replace); } if (user_info) { user_menu = user_menu.replaceAll(‘{name}’, user_info.name); $(‘.menu.member .menu-items’).html(user_menu); $(‘#headerNL’).attr(“href”, “/accounts/subscriptions/?id=” + user_info.uid); } $(‘header .menu-header’).on(‘click’, function(e) { if ($(‘#state-indicator’).css(‘z-index’) 0) { from = $(‘input[name=”SearchValue”]’).attr(‘data-from’); window.location = ‘/search/default.aspx?q=’ + searchString + ( from ? ‘&from=’ + from : ”); } } Investopedia does not provide tax, investment, or financial services. The information available through Investopedia’s Advisor Insights service is provided by third parties and solely for informational purposes on an “as is” basis at user’s sole risk. The information is not meant to be, and should not be construed as advice or used for investment purposes. Investopedia makes no guarantees as to the accurateness, quality, or completeness of the information and Investopedia shall not be responsible or liable for any errors,…

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Bitcoin: When Fear Is Good – Winklevoss Bitcoin Trust ETF (Pending:COIN)

There isn’t enough fear of Bitcoin (BTC). Released to the world in 2009, Bitcoin is an open-source form of crypto-currency. It was designed to be a trustworthy means of exchanging value with no need to rely on government or other central repositories. Indeed, many of its earliest (and most vocal) backers are very distrustful of government and very interested in all aspects of privacy. Blockchain, the digital ledger tech underlying Bitcoin, is very interesting and has a lot of the major players in business and finance looking to use it for various applications. Year-to-date BTC has seen a meteoric rise catching the eye of many an investor and the public in general. ^NYB data by YCharts Recently, my brother’s father-in-law came to me and asked if he should invest in Bitcoin. Such has been the fervor around Bitcoin that even…

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ICO launch, crowdsale marketing, legislation – these and other topics to be covered by ICO Event Moscow speakers

ICO launch, crowdsale marketing, legislation – these and other topics to be covered by ICO Event Moscow speakers

September 20, the Russian capital will host ICO Event Moscow, an event dedicated to cryptocurrency crowdsale. Leading Russian and foreign experts will tell how to launch ICO, consider legal aspects of crowdsale and discuss market trends. ICO event Moscow is a kind of a “spin-off” of Blockchain & Bitcoin Conference, the largest network of events in the CIS dedicated to blockchain and cryptocurrencies. How to start ICO for a startup? What to do in order not to stall after crowdsale? How to invest in tokens? These and other questions will be answered by the speakers of ICO event Moscow. Christophe David is a representative of the European crypto community, Chief Financial Officer at DomRaider. Basing on 20 years of experience in managing various companies, the speaker will cover legal aspects of preparing for ICO in Europe. The report will be…

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DECENT Expands Offices To New York City

DECENT Expands Offices To New York City

The Swiss company DECENT, known for producing a digital content distribution platform based on their own adaptation of blockchain technology, is hiring employees from around the globe and increasing their reach with new offices popping up at a number of locations in recent months. Their latest plans are to expand to New York City. DECENT launched its digital content distribution platform only in June of this year. Since then their number of employees has grown by 20%, and with this rapid increase in size, they are looking to broaden their reach to new strategic locations in different countries. After Slovakia, Switzerland, Armenia and two locations in China, the New York office will be the sixth place of company operations. They believe that adding a global dimension to their company will appeal to potential new members of their team and draw in additional interests from their growing community of followers. “I…

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