Author Archives: creative

Liquid Federation Announces 10 New Members

Blockstream’s Liquid Federation welcomed 10 new members — comprising notable crypto exchanges and custody providers. Blockstream’s Liquid sidechain settlement network welcomed 10 new members to the Liquid Federation on March 27. The new additions bring the Liquid Federation’s membership up to 45 — including crypto exchange trading desks, and financial institutions. New members come from diverse backgrounds The new members include hardware wallet manufacturer Ledger, peer-to-peer exchange Hodl Hodl, crypto trade firm MerklePro, cryptocurrency manager Point95, Wiz, Blockchain tool developer Wyre, blockchain marketplace STOKR, and crypto fund […]

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Venezuela’s Struggling Internet Could Make Crypto Trading Tough

Venezuela faces clogged internet usage due to quarantine measures, which could make crypto usage difficult. The global coronavirus lockdown has put a strain on Venezuela’s internet, which could logically make crypto participation difficult. As much of the world hunkers down in quarantine, people logically turn to internet-based services for work, as well as a way to pass the time. This mass movement has put significant stress on available data usage capacities in Venezuela, Movistar told Bloomberg for its March 27 article.  A daughter company of Telefonica SA, […]

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Former NASDAQ Lawyer Warns TON Against Going Rogue

Former NASDAQ warns the TON Community against launching Telegram’s blockchain network until the Court of Appeals has its say. Former NASDAQ vice president and assistant general counsel warned the TON Community against launching Telegram’s blockchain network until the 2nd U.S. Circuit Court of Appeals has its say. Safe Harbor is not on SEC’s agenda Manny Alicandro, a New York City lawyer with vast experience in traditional finance as well as in cases involving crypto assets, shared his concerns about the drastic plan put forward by the TON […]

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‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu

Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes the modern central banks’ loose monetary policy infecting the world will bolster the value of financial technologies. Also read: Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’ Slow Growth and Bitcoin’s Price Top The cofounder of Bitmain, one of the largest ASIC […]

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Bitcoin Price Rejects $6.9K, But Is a Correction Now Imminent?

Bitcoin price is becoming bearish on shorter timeframes as global markets are still pricing the coronavirus pandemic and government stimuli. The price of Bitcoin (BTC) has shown a strong surge in the past weeks, as the price rallied from $3,750 to $6,900. However, the crucial $6,900 level wasn’t broken to the upside and confirmed as resistance. A similar move occurred on the equity markets, as the United States’ equity markets surged 25% in one week, but saw a sharp selloff of 4% in the last trading hour, […]

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Bitcoin Wallets Holding at Least 1 BTC Set to Hit 800K All-Time Highs

The latest data suggests that there are now almost 800,000 wallets with a balance of at least 1 BTC — more than ever before. Bitcoin (BTC) addresses holding 1 BTC are on the rise — but only a maximum of 800,000 people currently own a whole coin. That is according to data released on March 28, which put the total number of wallets containing at least 1 BTC at all-time highs. Are “Wholecoiners” multiplying? The figures from monitoring resource Glassnode claim that 797,420 wallets now have a […]

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No Tax for You: Why Crypto Traders and Miners Might Head to Portugal

With zero taxes for crypto traders and miners, Portugal could become a Bitcoin tax haven. Cointelegraph takes a deeper look at crypto tax regulation in the country. Existing outside of the realm of traditional finance and with no central point of authority, digital assets have posed several challenges to governments worldwide. Many nations have struggled with how to define and regulate cryptocurrencies, and there is no uniformity because each country has developed its own unique approach. Data and transparency seem to be some of the best tools […]

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World Health Organization Launches Blockchain Platform to Fight COVID-19

The World Health Organization has launched a blockchain-based platform for global information and tracking of the COVID-19 pandemic. The World Health Organization (WHO) has partnered on March 28 with major blockchain and tech companies to launch a distributed ledger technology (DLT)-based platform for sharing data concerning the coronavirus pandemic.  The platform, MiPasa, is built on top of Hyperledger Fabric and seeks to enable “early detection of COVID-19 carriers and infection hotspots. MiPasa has been launched in partnership with technology company IBM, computer firm Oracle, enterprise blockchain platform […]

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How Market Volatility Is Shining a Light on DeFi’s Structural Vulnerabilities

What weaknesses did the Black Thursday and high market volatility reveal for the decentralized finance industry? On March 12, United States President Donald Trump gave a 10-minute speech on COVID-19 that, coupled with the World Health Organization’s official declaration the day before that the outbreak was now a pandemic, sparked panic across global markets. Investors rushed to the safety of cash, and no cryptocurrency was immune from the mass sell-off. The total market capitalization of the cryptocurrency sector plummeted by over 25% in a span of hours. […]

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Tether Becomes Second Crypto to Launch on Blockchain Futures Platform

KuCoin’s derivatives arm, KuMEX, starts accepting Tether deposits for Bitcoin perpetual contracts on March 30. As the volume of Bitcoin (BTC) derivatives trading continues to rise, the cryptocurrency industry keeps tapping more crypto markets, like stablecoin Tether (USDT), for futures trading. KuMEX, a derivatives arm of IDG-backed crypto exchange, KuCoin, is planning to roll out USDT-margined Bitcoin perpetual contracts on March 30, 2020, the firm officially announced on March 27. KuMEX currently supports only Bitcoin and USDT While the new type of futures contract will be launched […]

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