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Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers

2 days 5 hours ago

Around this time last year, many retail crypto investors subscribed to the economic theory that cryptocurrency hard forks — the ones that result in irreversible network splits and create new blockchains — were a net positive for their portfolios. “How could they not be?” they asked. “It’s free money!” Indeed, at that point, the two

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Josiah Wilmoth

eToro Launches #WelcomeToTheClub Premier League UK Campaign

2 days 5 hours ago

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Press Release

Newsflash: Bitcoin Price Slinks Below $3,175 for First Time in 2018

2 days 6 hours ago

In what is becoming a disturbingly common occurrence, the bitcoin price on Friday set yet another fresh yearly low, slinking below the $3,200 mark for the first time in 2018. The flagship cryptocurrency’s move below $3,200 came shortly after 16:10 UTC, following an unsuccessful breakout attempt earlier in the week. As of the time of

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Josiah Wilmoth

BitMart Launches International Blockchain Incubation Platform BitMart Labs

2 days 6 hours ago

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Press Release

What Bitcoin Did #56 Why Bitcoin Matters For Freedom With Alex Gladstein

2 days 7 hours ago

'œA lot of the dismissals, criticisms and attacks on Bitcoin come from people who have the luxury of having a stable financial system.'

'" Alex Gladstein

Interview location: Skype

Interview date: Thursday 6th Dec, 2018

Company: Human Rights Foundation

Role: Chief Strategy Officer

All too often price dominates the discussion with Bitcoin: an ETF approval will be great for the price, we need institutions, when is the next bull run? Also, naysayers criticize Bitcoin when the price crashes, calling it a speculative asset with no utility. Is price a distraction from the potential for Bitcoin?

Right now the use case for Bitcoin is limited for those in the developed world. Sure it is fun to send Bitcoin, perhaps it is easier than using a bank for sending value to someone in another country, but price volatility limits the use case for payments. In the developed world, holding Bitcoin will benefit most if it does become a globally recognized, accepted and used as a form for money. Right now, some would argue the most significant opportunity is in the developed world or with those living in either authoritarian countries or under governments with poor fiscal policies.

A regular criticism of fiat is the ability for governments to print money on demand, leading to inflation and a reduction in the value of the local currency. This has been seen most evidently with the failed socialist policies of two successive Venezuelan presidents.

Bitcoin and cryptocurrencies are an opportunity for people living under these regimes to create and protect value, and trade while reducing their exposure to the risks of their domestic currency.

Other use cases exist, from Bitcoin being used to pay women unable to get bank accounts in Afghanistan to companies using Bitcoin to transact outside of capital controls. The common theme is that cryptocurrencies offer freedom from rules, whether those are state or legacy processes.

In this interview, I talk about why Bitcoin matters for Freedom with Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation. We discuss what fundamental human rights are lost under authoritarian regimes, how Bitcoin and cryptocurrencies increase freedom and how Dem Tech (Democracy Tech) could lead to a wave of investment in cryptocurrencies.

This episode is also on:

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Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform

2 days 7 hours ago

Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVA’s ever-developing distributed ledger technology (DLT) platform. The loan, valued at €150 million (the equivalent of nearly $170 million USD) is, says a press release from BBVA: “The first acquisition term loan ever arranged through blockchain technology.” Acquisition term loans

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Melanie Kramer

While Several VCs Exit, Binance Expands Crypto Incubator to 5 Regions

2 days 8 hours ago

Many venture capital firms have broken deals with companies in the crypto sector over the past several months. Barry Silbert, the founder and CEO of Digital Currency Group, a major cryptocurrency-focused venture capital firm that has invested in large-scale cryptocurrency businesses in the likes of Coinbase, bitFlyer, and Blockchain, has said that amidst falling crypto

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Joseph Young

XYO Network Partners With Esri For Blockchain Enabled Geographic Information System

2 days 8 hours ago

XYO Network, a blockchain-based geographic information system (GIS) with an Ethereum token and its own blockchain network, announced today a partnership with Esri, one of the world’s oldest and largest GIS systems and mapmakers, a company founded in 1969. The partnership came about when XYO hired a former Esri employee and the partnership became an

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P. H. Madore

VanEck Crypto Chief: Insurance Needs More Regulation Than Crypto

2 days 9 hours ago

Following recent comments by Allianz CEO Andreas Utermann calling for cryptocurrency to be outlawed, VanEck Head of Digital Assets Gabor Gurbacs has stated that the insurance industry is in greater need or comprehensive regulation than cryptocurrency. In a now-deleted post on his Twitter account, Gurbacs made the point that the behaviour of insurance companies toward investors and customers

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David Hundeyin