Monthly Archives: January 2020

What You Need To Know About Congress’s Two Proposed Crypto Laws

U.S. Congress drafts legislation against big tech companies acting as financial entities and securities regulations, but will Facebook back down? As the cryptocurrency universe enters 2020, U.S. lawmakers are drafting bills to provide clarity around stablecoins and offer regulations for tech companies like Facebook that might want to create their own cryptocurrencies. The draft legislation “Keep Big Tech Out Of Finance Act” was proposed on July 15, 2019 by the Democratic majority of the House Financial Services Committee. While this legislation specifically targets Libra, a new digital currency […]

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Bitcoin Price Will Crash Below $1k in 2020, ZenGo CEO ‘Jokingly’ Predicts

ZenGo CEO jokingly predicts Bitcoin price will crash below $1k in 2020, admits his Tweet was a joke. As the crypto community enters 2020, the CEO of the ZenGo wallet Ouriel Ohayon tweeted his new year predictions, one of which was that the price of Bitcoin will crash below $1,000. Ohayon tweeted 9 hours ago to press, “Bitcoin will crash to sub-1000 USD.” Along with his Bitcoin price prediction, Ohayon shared: “All hardware wallets will be hacked; Tron/XRP will become the most important cryptocurrency; Satoshi identity will […]

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Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria

A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project. Also read: Skrill Now Lets You Swap BTC for BCH Wicrypt Users Can Earn and Spend Crypto Wicrypt allows subscribers to earn money by sharing their mobile data with other users who pay for the service. […]

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Price Analysis Jan 01: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, XLM

2020 has started on a subdued note but traders are anticipating an increase in activity that could lead to a strong directional move in the next few days. 2019 was an eventful year for Bitcoin. In the first six months, it rallied about 310%, from a low of $3,355 on Jan. 29 to a high of $13,973.50 on Jun. 26. That stoked expectations that the leading digital currency might retest its lifetime highs at $19,531.90. However, the second half of the year was a disappointment as the […]

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The Financial System of the Future — Who Benefits From CBDCs?

What are the key advantages and disadvantages of CBDCs? In recent months, the race for the development of a central bank digital currency is gaining pace. The last signal was launched by Chinese President Xi Jinping, who publicly stated the need to invest public resources in blockchain, slated to be the core technology of the future. The euphoria of the Chinese market following the presidential declaration induced Mark Zuckerberg — who had been encountering considerable resistance from Western authorities since the beginning of the Libra project — […]

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Alleged $8B BTC Tulip Trust Expires With Tales of Bonded Couriers

Five years ago, the crypto community became aware of an alleged contract called the Tulip Trust. The supposed contract emerged when a few tech-based news outlets published stories on two former business partners Craig Wright and David Kleiman. According to the Tulip Trust contract story, Wright and Kleiman were ostensibly part of the group that invented Bitcoin. The trust claims that on January 1, 2020, approximately 1,100,111 BTC will be returned to Wright and now skeptics are patiently waiting for the arrival of a bonded courier. Also […]

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China Enacts Crypto Law in Run-Up to State Digital Currency Debut

Rules governing crypto password storage aim to prepare the economy for the arrival of the world’s first central bank digital currency, currently in testing. China has formally implemented a law governing cryptographic password management as part of its pre-release plans for its central bank digital currency (CBDC). As English-language news media outlet China Money Network reported on Jan. 1, the latest regulations have become legally binding following their unveiling in October last year. Crypto security paves way for CBDC As Cointelegraph reported, the Standing Committee of the […]

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XRP Price Stable as Ripple Unlocks 1 Billion Tokens From Escrow Wallet

A planned schedule for escrow releases continues as XRP/USD stays near over two-year lows, with Ripple set to release at a total of 55 billion tokens. Ripple, the blockchain payment network notionally tied to altcoin XRP, has begun 2020 by releasing funds from its escrow worth $192 million.  Data scanned from the XRP blockchain by monitoring resource Whale Alert caught the latest consignment of XRP tokens, which forms one installment of a pre-planned release schedule Ripple began in 2017.  Ripple continues 55-month escrow schedule In a blog […]

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Bitcoin: 4 Big Competitive Advantages Over Altcoins in 2020

Fixed supply, altcoin-beating qualities and a lack of corporate liability all ensure Bitcoin is streets ahead of the rest, says Konrad S. Graf. Bitcoin (BTC) easily succeeds over other cryptocurrencies in multiple key areas, which all but guarantee its future as the standard, noted academic Konrad S. Graf has concluded. In the second installment of a two-part interview with Eurasia Review published Jan. 1, Graf highlighted a plethora of “competitive advantages” inherent to Bitcoin.  Graf has sought to gain exposure for Bitcoin through academic essays, which expand […]

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Ethereum Attacked! | Google Hostility Toward Crypto | Poloniex Hacked? | DLive On Tron | Much More!

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