Monthly Archives: November 2019

Was a Lone Whale Really Behind Bitcoin’s 2017 Bull Run? Don’t Bet on It

“Ignorance is the parent of fear.” — Herman Melville, Moby Dick In July 2019, John M. Griffin and Amin Shams, academics from the University of Texas and the University of Ohio, respectively, published the cleverly titled report “Is Bitcoin Really Un-Tethered?” Their “findings” echoed through mainstream and cryptocurrency media alike. The duo boldly claimed that bitcoin’s 2017 price rise was fueled by unbacked USDT; in essence, their argument goes, Bitfinex/Tether issued the stablecoin without having any dollars in the bank to back them up, meaning bitcoin’s price […]

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Dai Stablecoin Hits 100M Debt Ceiling Ahead of Collateral Protocol Upgrade

The Dai stablecoin has hit its 100 million token debt ceiling ahead of an upgrade to its collateral protocol. The Dai (DAI) stablecoin has reached its 100 million token debt ceiling, meaning that there are currently 100 million Dai tokens minted.  Data from Etherescan shows there are the top 100 holders of the Ethereum-based stablecoin hold over 72 percent of all Dai tokens.  The stablecoin originally had an upper limit of 50 million tokens. In July 2018, the Dai community voted to increase the debt ceiling to […]

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Kim Dotcom Token Sale Postponed Over ‘Regulatory Uncertainty’

In 2017, Kim Dotcom, the founder of the now-defunct file hosting service Megaupload, revealed a similar service called K.im that planned to give anyone the ability to upload files, documents, code, videos, and music files and get paid in crypto for their work. Since then, Dotcom’s team disclosed there would be an exchange sale for Kimcoin token on the digital asset exchange Bitfinex. However, Bitfinex and the K.im platform team say that “regulatory uncertainty” has caused them to postpone the sale. Also Read: Bitcoin Cash Captured 90% […]

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New York Resident Indicted for Crypto Scam, Charged With Wire Fraud

U.S. authorities have charged a New York man with wire fraud for scamming users in a digital currency scheme dubbed Igobit. The Office of United States Immigration and Customs Enforcement’s Homeland Security Investigations and prosecutors for the Southern District of New York have indicted a man for allegedly participating in a cryptocurrency scheme dubbed Igobit. According to an announcement on Nov. 6, Asa Saint Clair was charged with one count of wire fraud, which carries a maximum sentence of 20 years in prison if convicted. Used clients […]

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Following a $72 Million Token Sale, Nervos to Launch Its ‘Lina’ Mainnet

Open-source public blockchain project Nervos has announced the launch of its mainnet dubbed Lina on Nov. 16. Nervos Network, an open-source public blockchain project, has announced the launch of its mainnet dubbed “Lina.” In an announcement on Nov. 6, the Chinese blockchain network founded by the creators of Spark Pool, the largest Ether (ETH) mining pool, stated that its mainnet is now fully developed, so miners and developers will be able to utilize the network starting Nov. 16. Nervos Network opened its token sale via CoinList on […]

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Bitcoin Price Analysis: Range-Bound Market Set for Bullish Continuation

Summary: The bitcoin market has been range-bound over the last week and a half and is now seeing consolidating volume and a consolidating price structure. The consolidation within our current range is forming an ascending triangle with a $500 move to the upside and a price target of around $10,000. However, a failure to break out to the upside can also have a $500 move to the downside and would have the market targeting a price of $8,700 on the support below. Trading and investing in digital […]

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Sophia the Robot Knows About Cryptocurrencies but Does Not Use Them yet

Humanoid robot Sophia returned to the Web Summit stage in Lisbon to admit that she does know about cryptocurrencies, but has not yet used them. The humanoid robot named Sophia returned to the Web Summit stage, where she fielded questions from participants and journalists, including inquiries about blockchain technology and cryptocurrencies.  On Nov. 6, Sophia addressed the room at the latest edition of the Web Summit in Lisbon, Portugal, where she talked about artificial and robotic intelligence while answering questions on a range of topics. Sophia, who […]

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Bitcoin ‘Carry Trade’ Can Net Annual Gains With Little Risk, Says PlanB

Trading strategies that yield consistent profit can be hard to find but crypto analyst PlanB says it’s possible to gain 7-10% per year from Bitcoin. Trading crypto assets, or any market for that matter, is a zero-sum game. When one person wins, someone else must lose, making trading highly competitive. That being said, consistently profitable strategies can be hard to find. Recently, PlanB, a crypto investor and analyst active on Twitter, described a Bitcoin (BTC) trading strategy that yields a stated 7-10% profit annually with limited downside […]

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Binary Options Scams Spread Into Crypto, Time for US Lawmakers to Act

U.S. regulators seek to curb binary options scams as they are entering the crypto sphere and becoming more clever. Mainstream finance and cryptocurrency are becoming more closely intertwined with each passing day. Just over a year ago, the idea of centralized financial behemoths trialing blockchain or crypto solutions would have been unthinkable.  Currently, cryptocurrency is traded like never before. In just the last few weeks, major players have launched both Bitcoin options and futures platforms, making cryptocurrency accessible to a whole new range of investors. For crypto […]

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EToro Trading Platform Acquires Crypto Portfolio Management App

Trading platform eToro has acquired cryptocurrency portfolio management app Delta. Trading and investment platform eToro has acquired the cryptocurrency portfolio app Delta — an app that tracks 6,000 different cryptocurrencies and tokens on 180 exchanges. According to a press release on Nov. 6, eToro acquired Delta for an undisclosed amount, however, Israeli tech publication CTech reports that the deal was worth approximately $5 million.  Doron Rosenblum, the managing director of eToroX — eToro’s blockchain subsidiary — said that they would integrate Delta with the eToroX platform, which […]

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