Monthly Archives: October 2019

US SEC Rejects Bitwise Bitcoin ETF Proposal

The United States SEC has rejected a proposal for a Bitcoin ETF from Bitwise Asset Management and NYSE Arca. The United States Securities and Exchange Commission (SEC) has rejected a proposal to list a Bitcoin (BTC) exchange-traded fund (ETF). In an announcement on Oct. 9, the Commission stated that the ETF filing from Bitwise Asset Management and NYSE Arca did not meet the necessary requirements.  Specifically, regulators stated that the applicants did not meet the necessary requirements regarding possible market manipulation and illicit activities. The SEC wrote: “Rather, theCommission […]

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Bitcoin Price Rallies to Touch $8,600 While Altcoins Follow

Bitcoin has rallied to touch $8,600, while major altcoins follow in its wake; Chainlink is seeing daily gains of almost 14%. Wednesday, Oct. 9 — Bitcoin (BTC) continues its rebound, jumping $400 in a few hours, while altcoins rally in sync with BTC. Cryptocurrency market daily overview. Source: Coin360 The world’s most popular crypto coin rallied from an intraday low of around $8,200 up to its current trading price near $8,600, showing impressive gains of over 5% in the past 24 hours, while a vast majority of […]

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Report: Blockchain Among Highest-Paying Industries in Canada

A report from the Canadian Digital Chamber of Commerce shows that salaries in the Canadian blockchain industry are among the best paid in the country. A recent report from the Canadian Digital Chamber of Commerce shows that salaries in the Canadian blockchain industry are amongst the highest in the country. Much needed legal clarity The Chamber of Digital Commerce Canada released its October report on the country’s blockchain ecosystem, showing insights into the health of the industry, current strengths and legal needs throughout Canada. The report collected […]

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Price Analysis 09/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin and select altcoins are showing signs of bottoming out. Can they start a new uptrend? Let’s study the charts. Grayscale director of sales and business development Rayhaneh Sharif-Askary said that institutional interest in the crypto space has been strong throughout this year. The second quarter inflow was $85 million with 80% coming from institutions. Though this is positive, it shows that the inflow is only a trickle and a fraction of the firepower the institutions hold.  A Bitcoin (BTC) exchange-traded fund (ETF) can also boost interest […]

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Sean Walsh: Cryptocurrencies Can Harness More Human Energy

Bitcoin scores high in terms of ‘moneyness’ compared to other forms of money as it has some technical advantages and social inertia. In an interview with Bitcoin.com’s Humans of Bitcoin podcast, brilliant contrarian thinker Sean Walsh shared his opinion about cryptocurrencies and their place within the global financial system. The crypto investor believes decentralized digital money can utilize a greater percentage of human energy and help return our civilization to a more sustainable equilibrium. Also read: Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes […]

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DCG Survey: Blockchain to Lead in Payments and Asset Tokenization

Digital Currency Group’s 2019 annual survey gives an insight into companies’ expectations regarding blockchain and cryptocurrency use cases. Almost 23% of Digital Currency Group (DCG)’s portfolio firms believe that asset tokenization will be the next major use case for blockchain. To prepare the survey, DCG received responses from more than 60 of its portfolio companies.  According to DCG’s 2019 annual survey, 22.73% of its portfolio companies suggest that blockchain will be mainly deployed in asset tokenization, while 30% of respondents see the technology’s future use cases in […]

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Binance Starts Accepting Fiat Currencies Through Alipay and WeChat

Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat. Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao (CZ) confirmed in a tweet on Oct. 9. Zhao was quick to clarify that, while it is accepting fiat through the aforementioned services, it is not working directly with WeChat or Alipay. Zhao noted that users are still able to use them […]

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Mining Ryo Currency (RYO) With the CryptoNight-GPU Algorithm

This is an interesting project that is still largely flying under the radar, even though it was started back in 2018. With a sub $300 USD market cap and surprisingly low trading volume due to limited exchanges trading the coin it is not surprise it is not getting the needed attention it deserves. Ryo Currency (RYO) is another interesting attempt at a privacy oriented crypto currency with the project led by fireice_uk and psychocrypt, who are the developers of the xmr-stak mining software and the Cryptonight-Heavy algorithm, […]

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Unwrapping the Ocean Plastic Conundrum Via Blockchain

Startups target poverty and waste from a blockchain platform. In September, Cointelegraph reported on a Dutch company said to have created the world’s first collection of recycled fabrics made from ocean plastics and whose provenance can be traced via blockchain.The premise is that socially minded consumers want assurance that they are really wearing recycled materials fished out from oceans and coastal areas.  The firm, Waste2Wear, deserves applause, but it is unlikely to make a dent in the world’s plastic problem.  The problem is volume. More than 8 […]

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Zuckerberg to Testify Before Congress Regarding Libra Stablecoin

Facebook CEO Marck Zuckerberg will testify before the House of Representatives Financial Services Committee on Oct. 23 regarding Libra. Facebook CEO Mark Zuckerberg will testify before the House of Representatives Financial Services Committee on Oct. 23 regarding the firm’s proposed Libra stablecoin project. On Oct. 9, Congresswoman Maxine Waters officially announced that Zuckerberg will testify before Congress at a hearing entitled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” Libra and Calibra moratorium The announcement notes that Waters and other Committee […]

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