Monthly Archives: February 2020

Crypto Goes Plastic — Coinbase’s Visa-Approved Solution Suggests Growth

Coinbase is the first crypto company to become a principal partner of the payments giant. Will crypto debit cards soon become commonplace? On Feb. 19, Coinbase announced that it has become a principal member of Visa. In an apparent first for the cryptocurrency industry, the firm is now able to issue debit cards without having to involve third parties. Prior to that, Coinbase had been releasing its physical cards in collaboration with authorized intermediaries, similarly to dozens of other crypto companies that offer such options to their […]

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The Mystery of Warren Buffett’s Missing Crypto is Solved

Warren Buffet donates cryptocurrency to charity, claims CNBC reporter. The mystery that has haunted the crypto community for years… days… is finally resolved. We may never know the true identity of Satoshi Nakamoto, but we just cracked the second greatest mystery in the history of Bitcoin (BTC): what happened to the Bitcoins that Justin Sun supposedly gifted to Warren Buffet? The Sun — Buffett Bitcoin and TRX saga Justin Sun claimed that during his much-discussed lunch with Warren Buffet, he presented the crypto-skeptic with a Galaxy Fold […]

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Coronavirus & 3 Technical Reasons Why Bitcoin Price Broke Below $9.4K

Bitcoin price has dropped to a 3-week low as disinterest from dip-buying bulls increases the chance of a revisit to the 200-DMA at $8.8K. Bitcoin price (BTC) dropped another 3.07% on Feb. 25, marking the second day of losses as global equities markets sharply corrected on fears of the Coronavirus spreading to more countries. Crypto market daily price chart. Source: Coin360 Tweezer tops show supports becoming levels of resistance The price dropped below what analysts have labeled as crucial support at $9,450-$9,400 to a new 3-week low […]

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$257 Million ICO Project Filecoin Has New Launch Schedule, Gemini Custody Solution

After facing delays, $257 million ICO Filecoin expects to launch its mainnet in Q3 2020, with Gemini offering custody support. After facing multiple delays, Filecoin (FIL) is now looking toward a mainnet launch in Q3 2020 — which will be supported by a Gemini exchange custody solution. Filecoin will send ICO participants their FIL coins on Gemini’s custody platform after the project’s expected Q3 launch, Gemini said in a Feb. 25 announcement. A file storage solution The Filecoin project is a decentralized storage system based in the […]

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Bitcoin History Part 24: Celebrating the First Halving in 2012

As the third Bitcoin halvening approaches, a handful of OGs will wistfully recall the first such event, which occurred in November 2012. Back then, following the completion of block 210,000, the mining reward halved from 50 to 25 BTC. To commemorate the milestone, early adopters threw parties throughout the world, from Tel Aviv and Macau to Munich and Helsinki. Also read: Get Ready for the Bitcoin Halving – Here Are 9 Countdown Clocks You Can Monitor A Community Comes Together The first Bitcoin halving was a big […]

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Bank of Canada Prepares for Digital Currency “In Case One Is Needed�

Bank of Canada is preparing for creating its own digital currency to defend the Canadian dollar and monetary sovereignty. Although the Bank of Canada has no plans for issuing a digital currency immediately, the Central Bank is not ruling out the possibility of launching one due to potential mass adoption of private digital currencies — and the possibility of cashless societies. Bank of Canada Deputy Governor Tim Lane spoke at FinTech RDV 2020 in Montreal, and declared that although at the moment there is “not a compelling […]

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Bitcoin Halving Mentions in Crypto Media Correlate With Bullish 2020 Price Action

Crypto data company The TIE recently posted data showing Bitcoin’s price correlates to the number of halving mentions in digital asset trade publications. After evaluating data derived from crypto publication headlines, digital asset alternative data provider The TIE discovered a correlation between Bitcoin’s price in the market and mentions of the upcoming halving in media outlets. “We noticed how, as mentions of the halving were decreasing last fall, that tended to correlate with downward price movement,” The TIE CEO Joshua Frank told Cointelegraph on Feb. 25. “Once […]

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South Korean Tax Policy Association Proposes Two-Step Tax on Cryptocurrencies

In South Korea, tax experts gathered and proposed a transaction tax on cryptocurrency before leaping straight to an official income tax. South Korean tax experts have advised the Korean government to apply a low-level trading tax on cryptocurrency profits before subjecting citizens to a transfer income tax, according to a Business Korea report. The Korean government is expected to announce its tax reform plan in late 2020.  The low-level trading tax was recommended because there is a lack of legal infrastructure to enact transfer taxation. During a […]

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Polkadot Aims for Ethereum Ecosystem with Chainlink Integration

Polkadot has progressed through the initial stage of integrating Chainlink oracles, which signals a systematic approach of porting Ethereum infrastructure. Polkadot is gearing up for its upcoming network launch as it revealed an integration with Chainlink (LINK) on Feb. 25. The integration of Chainlink oracles may be crucial for the development of Polkadot decentralized finance (DeFi) and other advanced smart contracts. Chainlink has completed an initial integration on Kusama, a canary network for Polkadot similar to a testnet. Chainlink was previously available on other blockchains through adapters, […]

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A Look Into Recent Binance Trading Performance Issues

An in-depth analysis of the recent malfunction and performance issues suffered by the Binance crypto exchange. As Cointelegraph reported on Feb. 19, Binance temporarily suspended most of its crypto trading platform activities due to unscheduled system maintenance. For several hours the exchange’s users were unable to perform most basic functions including deposits, withdrawals, spot trading, margin trading, P2P trading, lending, redemption, as well as asset transfers from sub-accounts, margin accounts, futures accounts, and fiat wallets on the platform. During the outage, Binance CEO Changpeng Zhao explained that […]

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