U.S. Congress drafts legislation against big tech companies acting as financial entities and securities regulations, but will Facebook back down? As the cryptocurrency universe enters 2020, U.S. lawmakers are drafting bills to provide clarity around stablecoins and offer regulations for tech companies like Facebook that might want to create their own cryptocurrencies. The draft legislation “Keep Big Tech Out Of Finance Act” was proposed on July 15, 2019 by the Democratic majority of the House Financial Services Committee. While this legislation specifically targets Libra, a new digital currency […]

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ZenGo CEO jokingly predicts Bitcoin price will crash below $1k in 2020, admits his Tweet was a joke. As the crypto community enters 2020, the CEO of the ZenGo wallet Ouriel Ohayon tweeted his new year predictions, one of which was that the price of Bitcoin will crash below $1,000. Ohayon tweeted 9 hours ago to press, “Bitcoin will crash to sub-1000 USD.” Along with his Bitcoin price prediction, Ohayon shared: “All hardware wallets will be hacked; Tron/XRP will become the most important cryptocurrency; Satoshi identity will […]

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2020 has started on a subdued note but traders are anticipating an increase in activity that could lead to a strong directional move in the next few days. 2019 was an eventful year for Bitcoin. In the first six months, it rallied about 310%, from a low of $3,355 on Jan. 29 to a high of $13,973.50 on Jun. 26. That stoked expectations that the leading digital currency might retest its lifetime highs at $19,531.90. However, the second half of the year was a disappointment as the […]

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What are the key advantages and disadvantages of CBDCs? In recent months, the race for the development of a central bank digital currency is gaining pace. The last signal was launched by Chinese President Xi Jinping, who publicly stated the need to invest public resources in blockchain, slated to be the core technology of the future. The euphoria of the Chinese market following the presidential declaration induced Mark Zuckerberg — who had been encountering considerable resistance from Western authorities since the beginning of the Libra project — […]

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Rules governing crypto password storage aim to prepare the economy for the arrival of the world’s first central bank digital currency, currently in testing. China has formally implemented a law governing cryptographic password management as part of its pre-release plans for its central bank digital currency (CBDC). As English-language news media outlet China Money Network reported on Jan. 1, the latest regulations have become legally binding following their unveiling in October last year. Crypto security paves way for CBDC As Cointelegraph reported, the Standing Committee of the […]

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A planned schedule for escrow releases continues as XRP/USD stays near over two-year lows, with Ripple set to release at a total of 55 billion tokens. Ripple, the blockchain payment network notionally tied to altcoin XRP, has begun 2020 by releasing funds from its escrow worth $192 million.  Data scanned from the XRP blockchain by monitoring resource Whale Alert caught the latest consignment of XRP tokens, which forms one installment of a pre-planned release schedule Ripple began in 2017.  Ripple continues 55-month escrow schedule In a blog […]

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Fixed supply, altcoin-beating qualities and a lack of corporate liability all ensure Bitcoin is streets ahead of the rest, says Konrad S. Graf. Bitcoin (BTC) easily succeeds over other cryptocurrencies in multiple key areas, which all but guarantee its future as the standard, noted academic Konrad S. Graf has concluded. In the second installment of a two-part interview with Eurasia Review published Jan. 1, Graf highlighted a plethora of “competitive advantages” inherent to Bitcoin.  Graf has sought to gain exposure for Bitcoin through academic essays, which expand […]

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