Monthly Archives: February 2020

XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins

Crypto traders and speculators have been discussing the digital currency XRP (ripple) lately because the price has been stagnant compared to other digital assets. Some venture capitalists and analysts plan to short XRP, while other speculators believe the crypto is poised for a price jump in the future. Additionally, crypto enthusiasts have been discussing Ripple cofounder Jed McCaleb selling 1 billion XRP. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin A Closer Look at XRP The digital currency XRP and the Ripple […]

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Huobi Joins Multinational Alliance Klaytn Governance Council

Huobi joins Binance and LG Electronics as a member of the Klaytn Governance Council, a part of Kakao’s public blockchain project. Huobi is the latest firm to join the Klaytn Governance Council, a part of Kakao’s public blockchain project which runs its distributed network under the shared governance.  The council grows  According to an early morning press release, the move will bolster a roster of some of the world’s largest digital enterprises, including Binance, LG Electronics and Kakao, Klaytn’s parent company.    Commenting on the addition, Sangmin Seo […]

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A Call for Sensible Regulation: The Fate of Future Innovation in India

Hearings in the Indian Supreme Court have opened a discussion between the crypto space and lawmakers on the tech’s potential in the country. India has developed a somewhat paradoxical relationship with cryptocurrencies, blockchain and other emerging technologies. On one hand, the Indian government is a huge proponent of distributed ledger technology, with several government-led initiatives gaining ground across the country. On the other hand, the Reserve Bank of India issued a de facto ban on cryptocurrencies when it prohibited banks from conducting any transactions or dealings involving […]

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Ethereum Classic Jumps Into DeFi With Fantom Partnership, But Only as Collateral

Ethereum Classic Labs and Fantom Foundation are joining forces to promote decentralized finance, using Fantom’s ecosystem for the base and ETC as collateral. ETC Labs and Fantom Foundation are collaborating to bring decentralized finance (DeFi) to Fantom’s ecosystem, a Feb. 10 press release announced. Ethereum Classic (ETC) will serve as collateral for issuing a stablecoin similar to Maker’s DAI on the Fantom platform. Fantom will be using the Xar Network, a DeFi framework specifically developed for the project. The framework uses some of Fantom’s Byzantine Fault Tolerant […]

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Price Analysis Feb 10: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

The bulls are not waiting for a deeper correction before buying, which shows that the momentum remains strong and the uptrend intact. A report by investment management firm VanEck shows that Bitcoin can greatly improve the “risk and return reward profile of institutional investment portfolios.” The research shows that even a small allocation to Bitcoin in a portfolio mix of 60% equity and 40% bonds enhanced the cumulative return.  The best portfolio return was seen with an investment of 3% in Bitcoin, 58.5% in equity and 38.5% […]

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Bitcoin Taxation Support Growing Industry – Here are 5 Useful Cryptocurrency Tax Calculators

For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free. Some of them also integrate with leading tax filing software such as Turbotax. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin Calculating Tax on Cryptocurrency Transactions As cryptocurrencies become more popular and their adoption rises, governments worldwide […]

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Blockchain.​com Leads ‘Seven-Figure’ Investment in Its Exchange Partner

Major United Kingdom-based crypto firm Blockchain.​com has led a funding round in its exchange partner Wintermute Trading. Popular cryptocurrency wallet service and blockchain data provider Blockchain.com has led a funding round in its exchange partner Wintermute Trading. Wintermute Trading, a United Kingdom-based algorithmic trading firm, has completed a seed funding round led by Blockchain.com’s venture arm Blockchain.com Ventures. While the amount of funding is undisclosed, the seed round apparently involved a “seven-figure” investment, a Blockchain.com spokesperson told Cointelegraph on Feb. 10. Additionally, the funding round has also […]

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Why Are Tezos, Lisk, Binance Coin Beating Bitcoin so far in 2020?

Bitcoin price reached $10K over the weekend but as its dominance rate dropped many altcoins have continued to post triple-digit gains, namely BNB, XTZ and LSK. Over the weekend Bitcoin (BTC) bulls showed impressive strength as the price punched through $10,000 for the first time in 2020. Interestingly, not only Bitcoin forks have been performing well recently, in fact, many altcoins are actually outperforming Bitcoin. The most recent notable performers are Tezos (XTZ), Lisk (LSK) and Binance Coin (BNB).  Since the start of 2020 Tezos has surged […]

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Should They Stay or Should They Go? Crypto Firms in the EU Must Decide

Thickening regulations may drive crypto firms out of the EU, the rest will have to comply with “unclear and fragmentedâ€� laws for benefits in the long run. The European Union lately has been a hotbed for political and regulatory developments that could have a considerable impact on the day-to-day operations of the continent’s financial service providers. While the United Kingdom finally following through on its pledge to leave the bloc introduced political uncertainty for businesses with U.K. operations, implementation of new EU-wide Anti-Money Laundering legislation brought about […]

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Crypto Mining Does Not Require Governmental Oversight, Ukrainian Regulator Says

Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations. Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations. In its manifest on virtual assets published on Feb. 7, the Ministry of Digital Transformation of Ukraine stated that mining does not require regulation by state authorities as this activity is regulated by the protocol itself and network members. The regulator’s contribution to the industry The agency further outlined […]

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