Monthly Archives: June 2018

Report: Central Bank Digital Currency Could Provide Stability, But Crypto Is Too Volatile

Economic researchers at the Kiel Institute for the World Economy report that central bank digital currencies could provide stability, but they are different from crypto, which is too volatile. Economic researchers at the Kiel Institute for the World Economy have identified digital currencies issued by a central bank as an opportunity for a more stable financial system, while at the same time rejecting cryptocurrencies, Cointelegraph auf Deutsch reports today, June 27. The Kiel researchers distinguish digital or virtual currencies from cryptocurrencies such as Bitcoin in their report […]

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Coinbase Founder Launches Cryptocurrency Fueled Charity ‘Givecrypto’

On June 27 the CEO and co-founder of Coinbase, Brian Armstrong, announced the launch of a new cryptocurrency powered charity called Givecrypto.org. Armstrong says he’s always believed in the power of cryptocurrency funded philanthropy and explains the new nonprofit is all about empowering, educating, and elevating global communities.   Also read: Cryptocurrency Firm Circle Sees Institutional Interest Spike 30% Givecrypto.org Aims to Empower Those in Need With Cryptocurrencies This Wednesday the CEO of Coinbase Brian Armstrong introduced his new nonprofit called Givecrypto which aims to “distribute cryptocurrency to […]

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Study: Low Reliability for Successfully Routing Payments on Lightning Network

A recent study by Diar reveals that the Lightning Network protocol struggles to process large amounts. A study conducted by Diar has revealed that “the reliability of successfully routing a payment on the Lightning Network is still quite low.” Diar provides analysis of significant developments within the global digital currency industry. The Lightning Network (LN) is the second layer payment protocol designed to solve the problem of Bitcoin (BTC) scalability. The LN purportedly allows for almost instant, low-cost, and scalable transactions between two parties. Though the LN […]

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Coinbase CEO Launches Charitable Initiative to Help People in Emerging Markets

Coinbase CEO Brian Armstrong has launched a philanthropic initiative to help people in emerging markets by distributing cryptocurrency globally. CEO of cryptocurrency exchange Coinbase Brian Armstrong has announced the launch of a charitable initiative to “financially empower people by distributing cryptocurrency globally,” according to a blog post published June 27. The non-profit initiative GiveCrypto.org intends to raise funds from crypto owners and distribute small amounts to people who live in emerging markets, more specifically to those going through financial crisis. According to the announcement, the initiative aims […]

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Confirmed: Travel Booking Giant Expedia Has Quietly Removed Bitcoin Payment Option

Leading travel service Expedia has quietly stopped accepting Bitcoin as payment for booking hotels or flights on June 10. Major travel booking website Expedia.com recently stopped accepting Bitcoin (BTC) as a payment method for hotels or flights, Expedia told Cointelegraph June 27. An Expedia spokesperson confirmed that the service “no longer accepts digital currency Bitcoin,” starting from June 10, 2018, apologizing for “any inconvenience this may cause.” The service did not comment on the cancellation either on social media or on its website. Community members took to […]

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Huobi Exchange Suspends Services for Japanese Residents

Crypto exchange Huobi notified its Japanese customers via e-mail on Wednesday that it will be closing accounts of users who are residents of Japan. According to Huobi, their decision came up as a result of compliance issues with the Japanese law. Also read: Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF) No Japanese Traders on Huobi Huobi Pro reportedly plans to remove the Japanese page from its website as of July 2, and stop providing trading services to Japanese residents. Although the announcement is not yet visible on the […]

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Life Changing Finance #21 – What We Would Do 1st If We Had To Start From Nothing Again – By Tai Zen

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Crypto Market Sees Small Recoveries Among Top Ten Coins

Most of the top ten coins are barely in the green, with gains over the 24 hour period at or below six percent. Yesterday’s slump in crypto markets has somewhat slowed today, June 27, with small recoveries among the top ten coins on Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,157, up less than 0.17 percent over a 24 hour period as of press time. Yesterday, Nobel laureate in economics Robert Shiller said that BTC is a “social movement” that runs along “generational […]

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Cryptocurrency: Privacy Is The New Big Thing

Privacy Is Key As the Cryptocurrency world continues to develop at a remarkable rate, with the ridiculous amount of fraudulent activity and scams continuing, industry insiders are highlighting the importance of privacy. The word fungibility is being thrown around a lot at the moment and seems to be the “in” thing in the Cryptocurrency industry. The fungibility concept works on the fact that any one product can simply and easily be replaced or interchanged with another. However, this is easier said than done in some industries. As […]

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