Transacting in both paper and the precious metal involves “friction,” whereas Bitcoin combines settlement and transacting, says the Wall Street veteran. Bitcoin (BTC) beats both fiat currency and gold because it does not need settlement, RT host Max Keiser has said. In the latest episode of the network’s Keiser Report on Nov. 7, the well-known Bitcoin bull explained that other forms of transactions need settlement time, but Bitcoin does not. Keiser: BTC “uniquely self-settling” This is because, in Bitcoin, the transaction and settlement are inseparable from one […]

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The Hong Kong Monetary Authority has revealed it will publish its research into applications for a central bank digital currency by Q1 2020. The Hong Kong Monetary Authority (HKMA) has revealed it is conducting research into applications for a central bank digital currency (CBDC). Ejinsight reported on the news — announced during the Hong Kong Fintech Week — on Nov. 7. HKMA reportedly aims to release a major report on its findings in Q1 2020.  Collaboration with the People’s Bank of China HKMA had also just revealed […]

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A project by the interior ministry and other entities even includes creating dedicated government wallets for transferring of seized funds. Russia is planning on creating legal statutes allowing the government to achieve the impossible: confiscation of Bitcoin (BTC).  As local financial news outlet RBC reported on Nov. 7 citing sources familiar with the matter, Russia’s interior ministry will work with various state organs to draw up the plans, which could enter into law in 2021.  Confiscating the non-confiscatable  The push does not single out Bitcoin, but instead […]

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The municipal Shanghai government has joined forces with financial institutions to create an alliance to foster the use of blockchain for global trade. The municipal Shanghai government has joined forces with financial institutions to create an alliance to foster the use of blockchain for global trade.  The Global Times reported on Nov. 7 that during the China International Import Expo earlier today, the Shanghai Municipal Commission of Commerce, Shanghai Customs and representatives from six bank branches — including the People’s Bank of China and Bank of Communications […]

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Hong Kong-based Bitcoin spot and derivatives exchange Atom Group has launched amid a tightening of the region’s crypto-regulatory regime. Hong Kong-based Bitcoin (BTC) spot and derivatives exchange Atom Group has launched amid a tightening of the region’s crypto-regulatory regime. As the South China Morning Post (SCMP) reported on Nov. 7, the Atom Asset Exchange (AAX) uses the Millenium Exchange matching engine developed by the London Stock Exchange and promises prospective clients lower trade latency and trade data transparency. SFC brings security tokens and crypto futures under its […]

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The CoinCodeCap project is another interesting way to rank crypto currencies, but instead of using market capitalization or trading volume it ranks them based on their tech development using the Github activity of the projects. The ranking algorithm uses all the repositories of any cryptocurrency projec as there are a some projects like Ethereum for instance that has more than 100 repositories. Something interesting from the last few days based on data from CoinCodeCap is that 1376 coins did not publish any commits in the last 90 […]

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Bitcoin price is primed for a “much bigger move” that could occur in the coming days, says one prediction, while long-term prospects also remain positive. Bitcoin (BTC) continued its downtrend on Nov. 7, barely keeping support above $9,200 as market commentators stay realistic about the future. Cryptocurrency market daily overview. Source: Coin360 “Much bigger” BTC price move could come this week Data from Coin360 shows BTC/USD down 1.6% on the day, circling $9,250 after a sudden dip saw markets bounce off $9,200. That level has been in […]

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New documentation shows 2019 is still negative overall for the Bitcoin mining company, which beat competitors to the IPO crown. Bitcoin (BTC) mining giant Canaan Creative has seen almost $100 million in revenue this year but remains over $30 million in the red.  According to an amendment form submitted on Nov. 5 as part of its registration to conduct an initial public offering (IPO) in the United States, Canaan revealed its Q3 net profit to be 94 million yuan ($13 million).  Canaan posts $31M loss for 2019 […]

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Ether’s USD and BTC pair suggest the continuation of the bullish breakout that started on Nov. 3, over a week after Bitcoin’s 42% daily gains. Over the past week Ether (ETH) has shown that it is not permanently hinged to Bitcoin’s (BTC) price action and notably, a number of altcoins are also beginning to forge their own paths higher.  Ethereum breaks through key resistance Close analysis of the ETH/USD and ETH/BTC chart shows rumblings of a bullish breakout, but there are still significant challenges ahead before this […]

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