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Bitcoin Price Driven More by Speculation Than Utility: BitPay CEO

1 day 21 hours ago

BitPay CEO Stephen Pair has stated that speculation drives a substantial part of bitcoin’s current valuation, while the actual use of the crypto market leader as a currency is responsible for only a relatively small fraction of its price. Speaking on CNBC’s Squawk Box, Pair revealed that BitPay intends to change this situation significantly over

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David Hundeyin

Tron DApp Usage Jumps 48% — More Than 1 Million Transactions Last Week

1 day 22 hours ago

The TRON Foundation launched its TRC20 exchange this week. It is a place for people to exchange tokens issued on the TRON platform. The TRC20 exchange is located at TRX.market. The TRC10 token exchange is still on Tronscan, the primary block explorer and information service for the Tron ecosystem. TRC20 and TRC10 tokens can be

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P. H. Madore

AT&T Wants to Create a Blockchain ‘Map’ of Your Social Media History

1 day 22 hours ago

Telecom giant AT&T has filed a blockchain-oriented patent application to “map” social media histories. Titled “Blockchain-Based Social Media History Maps,” and published on Thursday, it describes a system of tracking social media history “on behalf of” subscribers. Presumably, such a service would be most useful to employers and prospective employers. AT&T Eyes Blockchain for Social

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P. H. Madore

Cameroon Separatists Create Cryptocurrency Called AmbaCoin

1 day 23 hours ago

A separatist government in Cameroon’s semi-autonomous English-speaking southern region of Ambazonia has announced the launch of a new sovereign cryptocurrency called AmbaCoin (AMBA). Operating on the ERC-20 standard, AmbaCoin is being touted as the official currency of the “Federal Republic of Ambazonia,” the currently unrecognised country that separatists are pushing to actualise. QZ Africa reports

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David Hundeyin

Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund Could be Securities

2 days ago

In a newsletter to clients sent on Thursday, Pantera Capital CEO Dan Morehead revealed that one in four initial coin offering (ICO) projects the firm has invested in could be considered as securities under U.S. regulations. Morehead wrote: “While we believe the vast majority of the projects in our portfolio should not be affected, approximately

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Joseph Young

Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire

2 days 1 hour ago

The bitcoin price will rocket over the next three years, and cryptocurrency valuations will spike accordingly, says Jeremy Allaire, the co-founder and CEO of Circle, a peer-to-peer payments technology company backed by Goldman Sachs. While Allaire was reticent to set a specific bitcoin price target, he predicts that its value will unquestionably be a lot higher in

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Samantha Chang

Robinhood Didn’t Consult Regulators on New Checking & Savings Account Products

2 days 2 hours ago

Robinhood, the crypto-friendly stock trading application, recently launched a plan to offer checking and savings accounts. The accounts have a minimum 3% interest. It is part of their plan to become the world’s most used financial technology application. Co-CEO Baiju Bhatt said to CNBC at the time of the announcement: “If we roll this product

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P. H. Madore

Bahrain Central Bank Publishes Draft Cryptocurrency Regulations

2 days 3 hours ago

The central bank of Bahrain has kicked off a consultative process on cryptocurrency platforms in the kingdom by publishing the relevant draft regulations. According to the Bahrain News Agency, the draft rules — which target the operations of crypto-asset platforms — aim to provide a regulatory framework for the supervision and licensing of these services.

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Mark Emem

Binance Adds USDC Trading Pairs – Stellar and Ripple Represented

2 days 3 hours ago

Binance announced Friday that it would be adding a few new USD Coin pairs and moving its two existing USDC pairs into the combined stablecoin market called USDⓈ. Both ripple (XRP) and stellar (XLM) will have USD Coin pairs, in addition to their existing stablecoin pairs. The move involves the cancelling of any trades that

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P. H. Madore

The Lightning Network's First ERC-20 to Bitcoin Atomic Swap Has Taken Place

2 days 4 hours ago
n nn nn At the December 7, 2018, TenX Summit, a group of developers showcased an industry first an atomic swap on the Lightning Network between a non-native asset, TenXs PAY token, and a native asset, bitcoin.By non-native, the team is referring to an asset/coin that is not the base currency for the network. For Ethereum, for example, the native asset is ether, while any token that is built on the protocol is considered a non-native asset. CoBloX, a TenX research

After $4M Funding Round, BlockFi Eyes Savings Account, Crypto Credit Cards

2 days 4 hours ago
n nn nn BlockFihttps//bitcoinmagazine.com/articles/blockfi-gives-hodlers-another-option-borrow-against-crypto-assets/, the New York-based startup that provides crypto collateralized loans, has raised additional funds to expand its services. The startup announced that it has received an additional $4 million in its recent funding round in a company blog post.The recently revealed funding round comes some months after the company raised $52.5 million in a round led

Finland Hands Over Info for 2,700 Danish Traders to Denmarks Tax Agency

2 days 4 hours ago
n nn nn Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen SKAT.According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.65 million worth of bitcoin 102.7 million kronor between 2015 and 2017. A handful of these investors traded amounts between $1,105 and $110,450 10,000 to 1,000,000 kronor, while the overwhelming majority traded a