Monthly Archives: June 2019

Bitfinex CTO Hints at Maximum Leverage for Upcoming Derivatives Trading

Crypto exchange Bitfinex’s chief technology officer, Paolo Ardoino, hinted at the maximum leverage for the exchange’s upcoming derivatives trading. Cryptocurrency exchange Bitfinex CTO Paolo Ardoino hinted at the maximum leverage for the exchange’s upcoming derivatives trading, in a tweet published on June 24. In the tweet, Ardoino purportedly indicated the maximum leverage for Bitfinex’ forthcoming derivatives trading, which resulted in a heated discussion between community members. In response to the answer whether it will be an isolated leverage, Ardoino said that it will be isolated at the […]

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98% of BSV Transactions Used for Writing Weather Data on Blockchain: Report

Over the past 30 days, more than 98% of transactions on the Bitcoin SV network have been used for recording weather data. More than 98% of transactions on the Bitcoin SV blockchain over the past 30 days have been used for writing data from a weather app, Twitter personality Painted Frog noted today, June 24. Citing data from bitcoin cash (BCH) blockchain visualiser Trends.cash, Painted Frog noted that the vast majority of BSV transactions have been implemented so far for sharing weather data through bitcoin sv-powered app […]

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Price Analysis 24/06: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, ADA

Analysts are projecting new highs in 2019. What do the charts suggest? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The recent rally in bitcoin has turned around sentiment completely. Analysts are projecting a rally to new lifetime highs within the end of this year. Bitcoin Knowledge podcast host Trace […]

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US House of Representatives to Hold Hearing on Facebook’s Libra in July

The U.S. House Financial Services Committee will hear testimony about Facebook’s new cryptocurrency Libra in July. The United States House Financial Services Committee will be holding a hearing on the social media giant Facebook’s proposed virtual currency Libra on July 17, according to a press release on June 24. The announcement comes by way of committee chairwoman Rep. Maxine Waters, who previously had called on Facebook to cease work on Libra until Congress and regulators had a chance to scrutinize the proposal: “Given the company’s troubled past, […]

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Circle and Coinbase’s Centre Seeks to Form Consortium to Promote, Issue USDC

Centre consortium founders Coinbase and Circle open invitations to other institutions wishing to issue USD Coin. Stablecoins have become rather frequently discussed in the news and social media over the past few weeks, especially with the news of the release of the Facebook-backed Libra coin. The current wave of stablecoin issuance could be attributed to the lack of liquidity in the cryptocurrency world. But even though the crypto market is now slowly recovering from a long bear trend, the ecosystem of stablecoins continues to expand even further.  […]

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Russian Central Bank: Criminals Rarely Use Crypto to Withdraw Stolen Funds

In Russia, fraudsters rarely use cryptocurrency to withdraw stolen money, according to the country’s central bank. In Russia, fraudsters rarely use cryptocurrency to withdraw stolen money, according to the country’s central bank. The news was reported by local news outlet TASS on June 21. The first deputy director of the Information Security Department of the Bank of Russia, Artem Sychev, told TASS that the central bank monitors methods of withdrawing funds and develops additional protective measures. Per the bank, criminals prefer to cash stolen money out rather […]

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Canadian Blockchain Company Signs Contract with Seoul Ministry of Transportation

The Canadian firm Graph Blockchain Inc has partnered with Seoul’s transportation ministry. Canadian tech firm Graph Blockchain Inc. has partnered with the Ministry of Transportation in Seoul, South Korea, to run a pilot program for blockchain-based traffic data storage, according to a news release on June 24. Graph Blockchain reportedly signed a contract for around $55,000 CAD, or approximately $41,695 at press time, to run this pilot program as part of the “Smart City initiative.”  According to the CEO of Graph Blockchain, Jeff Stevens, the company intends […]

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Former Trump Economic Adviser Expresses Support For Facebook’s Libra

A former economic adviser to the Trump administration has come out in support of Facebook’s Libra coin. A former economic adviser to United States President Donald Trump has expressed support for Facebook’s stablecoin Libra, Yahoo Finance reported on June 24. In an interview with Yahoo Finance, conservative economist and fellow at The Heritage Foundation Stephen Moore said that he thinks “on balance it is a good thing [Libra].” Moore stated: “It’s interesting, because this [Libra] represents a new challenge for central bankers that they now have competition […]

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Bitcoin Cash Shows Phenomenal Growth in the First Two Quarters of 2019

The second quarter of 2019 is coming to an end and the Bitcoin Cash (BCH) network and markets have had an extraordinary year so far. BCH prices touched a high of $522 per coin on Sunday and at the current price of $470 per coin on June 24 BCH is up by a whopping 213%. Moreover, the network and infrastructure have grown stronger since the November 2018 split and the Bitcoin Cash network looks poised to jump to the next level. Also read: BCH Development Fund Doubles […]

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Future for State-Backed Brazilian Token Issuance Unclear as Bank Sees Leadership Reshuffle

Turmoil over the leadership of the Brazilian Development Bank may pose challenges to cryptocurrency trials. On June 18, Brazil’s National Bank for Economic and Social Development (BNDES) announced the election of Finance Director José Flavio Ferreira Ramos as its interim president.  Ramos will serve as the BNDES head until the inauguration of 38-year-old Gustavo Henrique Moreira Montezano, a former economist and the current deputy secretary of privatization and disinvestment.  Montezano’s appointment followed two meetings on June 17 between Brazilian President Jair Bolsonaro and the country’s minister of […]

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