Monthly Archives: November 2019

Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?

With Facebook and Google establishing themselves more firmly into the financial industry, what is the future like for crypto? A peculiar phenomenon is occurring within the economic sector. In fact, it’s been transpiring over the past few decades. After the rise of the internet and the development of effective communications, the financial industry underwent a technical reconstruction. Those formerly disbarred due to a lack of capital found refuge in this revolution. Internet brokers and e-commerce start-ups with little more than a “.com” suffix proliferated.  Some even threatened […]

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Assassin’s Creed Dev Becomes Block Producer for EOS-Based Gaming Startup

Ubisoft, the game development giant behind videogame Assassin’s Creed, partnered with EOS-based game distribution platform Ultra. Ubisoft, the game development giant behind the videogame Assassin’s Creed, partnered with EOS-based game distribution platform Ultra. According to a press release shared with Cointelegraph on Nov. 21, Ubisoft will be a corporate block producer on the testnet version of Ultra’s EOS sidechain, dubbed UOS. As such, the company will help maintain the network and approve transactions on it during the trial period. Alignment of interests Transactions on the network will […]

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Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds

Bitcoin has been regularly attacked for its energy-intensive mining process, powered by serious amounts of electricity. It’s been claimed that it leaves a carbon foot print comparable to that of a large city or even a small country, an allegation that often finds its way to the headlines of mainstream media outlets. But a new study proves the devil is in the details. Bitcoin’s CO2 emissions, according to the authors, are much more modest than suggested by previous reports. Also read: Canadian Company Commissions 3 Bitcoin Mining […]

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LG and Kakao Partner to Bridge Public and Private Blockchains

The IT affiliate of South Korean technology behemoth LG and the blockchain subsidiary of Kakao have collaborated to bridge public and corporate blockchains. LG’s IT affiliate LG CNS and the blockchain subsidiary of Kakao, Ground X, are partnering to bridge public and corporate blockchains. The Korea Herald reported on Nov. 21 that the two companies agreed to develop mutually compatible infrastructure. The head of LG CNS’ future strategic business division, Ha Tae-Seok, and Ground X CEO Han Jae-Seon attended the formal signing ceremony at the LG CNS […]

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Sacramento Kings CTO: Fans Quit Spending Bitcoin When the Price Hiked

The Sacramento Kings — who spearheaded Bitcoin payments for fan merchandise back in 2014 — noted that fans stopped spending crypto when the price increased. The Sacramento Kings — who spearheaded Bitcoin (BTC) payments for fan merchandise back in 2014 — have revealed some of the quirks in their history of cryptocurrency engagement. According to a Nov. 21 report from Front Office Sports, the NBA team’s chief technology officer, Ryan Montoya, remarked: “People from all over the world were buying Kings jerseys, tickets, different Kings gear. They […]

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What’s at Stake With Masternode Coins?

“Masternode” is a term that echoes less often in the cryptosphere these days, but not because user-controlled nodes have fallen out of favor. Rather, the nomenclature has shifted, with “staking” now used to describe the array of blockchains that fall under this banner. As an examination of proof-of-stake chains shows, masternode coins are very much alive. But as exchanges push staking as a service, are the days of user-operated masternodes numbered? Also read: Bitcoin.com to Launch $200 Million BCH Ecosystem Investment Fund 5 Years on, Masternodes Are […]

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‘Mystery Man’ Gets Berlin Shop to Drop BitPay, Accept Bitcoin Directly

An ice cream shop in Berlin’s trendy Friedrichshain district has revealed that a chat with an unknown “super nice” guy spurred them to spearhead Bitcoin adoption. An ice cream shop in Berlin’s trendy Friedrichshain district has revealed that a chat with an unknown “super nice” guy spurred them to spearhead Bitcoin adoption with the local crowd. That unknown guy turned out to have been the legendary Bitcoin (BTC) evangelist and educator Andreas Antonopoulos, as a Nov. 21 Twitter thread from the retailer, “Chipi Chipi Bombón,” revealed. Andreas […]

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Grayscale: 84% of Q3 Interest Came From Non-Crypto Hedge Funds

Grayscale’s Michael Sonnenshein contends that the asset manager’s Form 10 filing with U.S. regulators would be “a milestone” for the crypto industry if it’s approved. Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved. Sonnenshein — managing director at the world’s largest digital asset manager, Grayscale Investments — made his remarks during an interview with CNBC on Nov. 20. Hedge funds after digital asset exposure Earlier this week, Grayscale filed […]

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German Bank Boosts Bitcoin — Negative Interest Rates Hit Every Account

Volksbank Raiffeisenbank Fürstenfeldbruck has become the country’s first bank to charge every client 0.5% of their savings — for the privilege of storing fiat. Bitcoin-cautious Germany has seen its first bank demand that ordinary savers pay it to hold their money — even as little as €1. According to multiple local press outlets including the Süddeutsche Zeitung on Nov. 19, the Volksbank Raiffeisenbank Fürstenfeldbruck (VRF) in Northern Bavaria is now charging 0.5% negative interest rates on the smallest deposits. Bank on negative interest rates: “We had to” […]

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Bitcoin Price Loses $8,000 Support as Bears Drive Market to 4-Week Low

Several days of selling pressure finally took their toll on Bitcoin on Thursday, with BTC/USD returning to the $7,000 range after a four-week absence. Bitcoin (BTC) fell below $8,000 on Nov. 21 after several days of downward price pressure finally cost the cryptocurrency a major support level. Data from Coin360 showed BTC/USD finally reentering the $7,000 range on Thursday, marking its lowest since the last week of October. $7,880 was met by an immediate bounce to $7,940.  Bitcoin daily price chart. Source: Coin360 Analysts eye $7,500 and […]

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