Monthly Archives: February 2020

Caitlin Long Starts the First Crypto-Native Bank in the U.S.

Caitlin Long has founded the first crypto-native bank in the U.S., that will open doors in 2021. Caitlin Long, a former Wall Street executive who has helped Wyoming enact 13 blockchain-enabling laws, is taking advantage of the progressive Wyoming legislature to establish a first crypto-native bank in the U.S. The bank’s name is Avanti, which means “forward” in Italian. Long made this announcement earlier today in a series of 29 tweets. She believes that “a critical piece of U.S. market infrastructure is missing – a regulated bank […]

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Crypto Derivatives: CME Volume Crashes 89% in 3 Days, SEC to Rule on ETF

After breaking above $1 billion for the third time ever, daily volume for CME Bitcoin futures has plummeted by roughly 50% for three consecutive days. Daily trade volume for Chicago Mercantile Exchange (CME)’s bitcoin (BTC) futures produced a new low for 2020 on Feb. 21, with $118 million worth of contracts changing hands on Friday. The record low came just three days after CME daily volume exceeded $1 billion for just the third time in the market’s history, with CME bitcoin futures producing over 23,000 contracts or […]

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Bitmain’s Antminer E3 Will Allegedly Stop Ethereum Mining in 1 Month: Report

Once the “world’s most powerfulâ€� hardware for mining Ether, Antminer E3 will allegedly stop mining the coin in about 45 days, 2Miners says. While the Ethereum network is preparing to start shifting to proof-of-stake (PoS) consensus, some mining devices might soon stop supporting ETH mining at all. Bitmain’s Antminer E3, once the “world’s most powerful” hardware for mining Ether (ETH), will allegedly stop Ethereum mining in April 2020, according to a Feb. 24 report by altcoin mining pool 2Miners. Users started reporting a sixfold hashrate drop on […]

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Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted by Justin Sun

“I don’t have any bitcoin. I don’t own any cryptocurrency, I never will … You can’t do anything with it except sell it to somebody else.” So claimed Warren Buffet in an interview this week on CNBC. Over the course of the two-minute segment, the billionaire investor tore into bitcoin’s value proposition, and obliquely threw shade on $4.6 million lunch guest Justin Sun. Also read: How to Anonymously Buy Bitcoin Online and in Person Buffet Gives Bitcoin Both Barrels In an interview with CNBC, Warren Buffet has […]

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Price Analysis Feb 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

Many cryptocurrencies are struggling to break above their overhead resistances, which could result in a minor correction or consolidation in the next few days. The global equity markets are reeling under pressure as the coronavirus outbreak has spread outside China. While gold, the traditional safe haven, has been moving higher, Bitcoin has largely remained range-bound. This again puts focus on the frequently discussed perspective that Bitcoin is a completely uncorrelated to traditional markets. Sometimes it rallies with the equity markets and other times with gold but during […]

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Big Pharma Urges FDA to Use Blockchain for Drug Tracking

MediLedger, a working group comprising 25 major companies operating in the pharmaceutical supply chain has completed a pilot program with the US FDA. 25 leading pharmaceutical manufacturers, distributors, logistic partners, and other representatives of the pharma supply chain have published a report arguing in favor of adopting blockchain technology to track and trace prescription drugs after completing a pilot program with the US Food and Drug Administration. During early 2019, the FDA began accepting proposals for projects seeking to assist the office meet the 2023 requirements of […]

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Polkadot Will Feature Layer Two Scaling Thanks to Celer Network

Celer and Polkadot have partnered to bring layer two scaling to the upcoming blockchain network developed by Parity, which enables more advanced optimizations. Celer Network will develop its layer-2 solutions for Polkadot, an upcoming blockchain network developed by Web3 Foundation and supported by Parity Technologies. The sidechain scaling solution is positioned to improve performance beyond what is possible with layer one scaling. As announced on Feb. 20, Celer Network and the Web3 Foundation have partnered to port Celer’s State Channel Network technology to Polkadot’s development environment. Cointelegraph […]

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IRS Crypto Tax Return Question — Be Careful How You Answer

The Internal Revenue Service classifies crypto as property and now wants to know whether or not you acquired any financial interest from cryptocurrency in the last year. When you file your taxes this year, the Internal Revenue Service will ask you a simple question: “At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?” It’s pretty simple, just yes or no, right? What could go wrong? It’s not really asking for numbers or any detail, though […]

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Why Another Drop Below $9.4K Would Not Bode Well for Bitcoin Price

Bitcoin price needed to pull back and consolidate before continuing the uptrend but another drop below $9.4K would be problematic. While the equity markets are taking a huge hit today, the cryptocurrency market and Bitcoin (BTC) price are remaining relatively stable over the weekend and into the start of this week. As the stock market pulls back traders will begin to speculate on whether the crypto market will react in a bearish or bullish manner. Is this just the calm before the storm? One thing to note […]

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Blockchain Fintech Firm Diginex, 8i Set Up Special Meeting on Merger Deal

Fintech firm Diginex has revealed its further development plans, once the merge deal with 8i is closed. Investment holding company 8i Enterprises Acquisition Corp. and blockchain financial services and technology firm Diginex have scheduled a shareholders meeting to consider the proposed business merge. The special meeting will take place on March 20 in New York, according to a Feb. 24 press release. Initially, the companies announced the merger plans last July. Once the deal is closed, Diginex will ostensibly become the first fully diversified company listed on […]

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