Monthly Archives: August 2019

How Brexit Will Affect the UK Fintech Industry? Experts Answer

Will Brexit attract more fintech business to the U.K. or force those that already settled in London to leave England? Experts in the fintech industry answer. Back in 2016, there was a referendum that caused Brexit, which has since been affecting all spheres of British life. Would Brexit’s effects be positive or negative for the fintech industry in the United Kingdom? We asked experts from the London Fintech Week, the U.K. in a Changing Europe, the University of Nottingham and more. Meanwhile — and this should be […]

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Hodler’s Digest, Aug. 5–11: Naughty North Korea, India’s Bombshell, LTC Flops

Naughty North Korea has stolen billions in crypto, India could be missing out on billions in crypto, and Litecoin’s halving disappoints. U.S. Federal Reserve launching payment system, crypto bulls nonplussed The United States Federal Reserve left some crypto enthusiasts unimpressed this week when it unveiled plans to release a real-time payments and settlements service. Known as FedNow, it is hoped the infrastructure will lead to faster transactions 24 hours a day, seven days a week. Presently, it is set to launch some time in 2023 or 2024. […]

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Bitmain Accuses Cryptocurrency Project of Impersonation

Bitmain has accused a cryptocurrency project of falsely using its name in the promotion of a product dubbed Mangocoin. Cryptocurrency mining hardware manufacturer Bitmain has accused a cryptocurrency project of falsely using its name in the promotion of a product dubbed Mangocoin (MNG). In an Aug. 9 blog post, Bitmain states that it came across a fraudulent use of its brand in the sale of a product dubbed “Bitmain Cloud Miner” and in the promotion of Mangocoin. The fraudsters allegedly masqueraded as Bitmain and promoted the products […]

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Tron Officially Releases Sidechain Scaling Solution Sun Network

Blockchain-based decentralized application platform Tron has announced the release of a sidechain scaling solution, the Sun Network. Blockchain-based decentralized application platform (DApps) Tron (TRX) has announced the release of a sidechain scaling solution, the Sun Network, in a blog post published on Aug. 11. Tron has released the V1.0 code for the Sun Network, which is a scaling solution designed to enhance and ensure a supposedly unlimited scaling capacity of the Tron mainnet. This will purportedly let DApps consume less energy and run with higher security and […]

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China’s Digital Currency Is Ready, Central Bank Says

A senior official at the People’s Bank of China says the country’s digital currency is ready after five years of research. The People’s Bank of China (PBoC) has claimed that its digital currency “can now be said to be ready.” According to PBoC deputy director Mu Changchun, a prototype that adopts blockchain architecture has been successfully developed after five years of research. His announcement, made at the China Finance 40 Forum, was reported by local news site Shanghai Securities News on August 10. Two-tier operating system Mu […]

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Top-5 Crypto Performers: BNB, BTC, XMR, LEO, DASH

Most top performers of the past week are at critical levels. Will they break out and move up or break down and drop lower? Let’s look at the charts. 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. The market data is provided by the HitBTC exchange. About 15 countries, including the G-7 nations, have agreed to create […]

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Abu Dhabi Sovereign Wealth Fund Invests in Cryptocurrency Exchange

The world’s thirteenth largest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, has made an investment in cryptocurrency exchange MidChains. The world’s thirteenth largest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, has made an investment in cryptocurrency exchange MidChains. As UAE English language newspaper Gulf News reported on Aug. 11, Mubadala Investment Capital has invested in MidChains, a digital currency trading platform set to launch in late 2019 in Abu Dhabi. The exchange will be located in the international financial center and free zone Abu Dhabi […]

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Bitcoin Trades Sideways as Major Altcoins Enjoy Sizeable Gains

Bitcoin prices are staying largely flat, but many major altcoins have enjoyed healthy gains over the past 24 hours. Sunday, Aug. 11 — It is a largely green picture across the top-20 cryptocurrencies. While Bitcoin (BTC) has remained flat overall, altcoins have enjoyed some sizeable gains, with some rising over 9% on the day Market visualization courtesy of Coin360 Bitcoin’s price was down a fraction at press time, losing 0.61% to trade at $11,352, according to Coin360­­. BTC’s value has tumbled by more than $500 in the past 24 […]

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Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop

A decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing. Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain Bitcoin Mining Pools and ASICs Change the Game Every waking second of the day, bitcoin miners are crunching numbers, humming away in facilities that few people who use the network have ever seen. Miners from large facilities […]

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What Are Crypto Banks and How Do They Work?

Crypto banks are becoming a reality as regulators begin to work closer with blockchain firms, big things are in store when the fiat & crypto economies collide. Bitcoin once promised that it would help realize the lofty goal of making individuals “their own bank.” To understand the many services that banks truly provide is also to realize how preposterous this claim was in 2008, when Bitcoin’s white paper made it. More than a decade later, the grandfather cryptocurrency is still on the peripheries of traditional finance, yet […]

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