Monthly Archives: January 2020

‘Grams Are Not Investment’ Says Telegram, Subtly Denying SEC Jurisdiction

In a new public notice, Telegram stresses that Gram tokens are not investment products, which would mean that they are not under the SEC’s sway. Telegram’s Gram, the native cryptocurrency for the Telegram Open Network (TON), is not an investment product, the firm stressed in a fresh public statement. In a Jan. 6 blog post, Telegram emphasized that Grams should not be associated with expectations for profits based on purchase or holding of the token. Such an expectation usually defines a security. In the United States, the […]

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Crypto Lending Solutions: A Review of 3 Blockchain Lending Platforms

Crypto lending is fast becoming an important sector in the crypto market, hence the need to review the top crypto lending platforms. The proliferation of crypto lending platforms is the latest crypto solution bridging the gap with the traditional financial industry. These platforms offer institutional and retail investors the opportunity to access banking services previously only available in the traditional financial sector. A typical crypto lending platform enables long-term crypto holders to put their tokens to good use by lending them for agreed-upon interest rates. Doing this […]

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McAfee Catches Heat After Welshing On Famous Bitcoin Bet

Many bold predictions about bitcoin’s price have been made over the years, but tech entrepreneur John McAfee’s 2017 claim that BTC would reach $1 million before the end of 2020 garnered more column inches than any other. This is because he promised to, ahem, consume his own manhood – on television no less – if it failed to transpire. The outspoken bitcoin evangelist has now provoked a backlash after pouring cold water on his prediction just days into the New Year. Also read: John McAfee Plans to […]

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2020 and Beyond: Bitcoin’s Potential Protocol Upgrades

Bitcoin’s consensus layer has remained unchanged for over two years now. Since Segregated Witness (SegWit), which activated in August 2017, no hard fork or soft fork protocol upgrades have been deployed at all*, marking Bitcoin’s longest stretch without consensus forks so far. But this stretch may soon come to an end: several backward-compatible soft forks are currently in development. Optimistically, some of them may go live in 2020 — if they gather sufficient support from the Bitcoin ecosystem. These could be Bitcoin’s protocol upgrades in the new […]

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IBM and Fair Trade Initiative Demo Blockchain-Based Coffee Tracking App

Thank My Farmer app uses blockchain to show consumers where coffee beans come from, while letting users make contributions to farmers. On Jan. 6 at The Consumer Electronics Show in Las Vegas, IBM and Farmer Connect – an organization committed to increasing transparency and sustainability in agriculture supply chains – demoed a blockchain-based app that allows consumers to learn about the coffee beans they purchase. Founder and president of Farmer Connect, David Behrends, told Cointelegraph that the “Thank My Farmer” mobile app provides consumers with an interactive […]

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Ousted Co-Founder of Crypto Mining Firm Bitmain Opposes Layoffs

The ousted co-founder of Bitcoin mining giant Bitmain — Micree Zhan — has issued a statement opposing purported labor cuts at the firm. Micree Ketuan Zhan, the co-founder of Bitmain who was recently dismissed by Bitmain’s current CEO Jihan Wu, has publicly opposed layoffs at the firm. As Bitmain — the world’s largest cryptocurrency mining firm — is reportedly planning to cut its workforce by 50% before the next Bitcoin (BTC) halving, Zhan claimed that he is “firmly opposed to layoffs” in a Jan. 6 Weibo post […]

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Bitcoin Price: First 4-Day Win Streak Since July Flips Charts Bullish

Bitcoin bulls are pushing hard at $7,600 resistance as the market waits for the U.S. to open and determine what direction BTC price will likely go this week. Bitcoin (BTC) closed the week down 0.39% at $7,356 having recovered very quickly from a daily close, which saw BTC trading down at $6,850 for a short period on Friday morning. Since then, Bitcoin has recovered over 10% and is once again pushing hard against resistance on Monday.  All other cryptos are up over the last 24 hours, most […]

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South Korean Presidential Committee Recommends Allowing Bitcoin Derivatives

A South Korean presidential committee has reportedly recommended that the government allow the development of cryptocurrency derivatives in the country. The South Korean Presidential Committee on the Fourth Industrial Revolution (PCFIR) has recommended the government to allow financial institutions to launch cryptocurrency-based financial products. Local English-language news outlet BusinessKorea reported on Jan. 6 that the committee recommended products such as Bitcoin (BTC) derivatives to be allowed as part of a strategy for the institutionalization of cryptocurrencies. Crypto assets are here to stay The PCFIR also suggested that […]

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Ripple CEO: We Can’t Control XRP Price Any More Than Bitcoin Whales

In an interview with CNN, Bradley Garlinghouse added further confusion to Ripple’s policy on XRP, which it has sold en masse for years. The CEO of blockchain payment network Ripple says the company does not want to “dump” its associated XRP cryptocurrency despite selling huge amounts of it. In an interview with CNN on Jan. 5, Brad Garlinghouse added fresh contention to the debate about Ripple’s relationship to XRP, which has gained 10% in the past 24 hours.  Garlinghouse: Ripple “can’t control XRP price” “In the XRP […]

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33,000 Companies in China Claim to Use Blockchain Technology

China now has more than 33,000 registered companies claiming to use blockchain technology in their businesses, according to the country’s Center for Information and Industry Development. The information was released at a recent blockchain conference hosted by a Chinese municipal government and several state-backed research institutes. Also read: Regs Roundup – China Blockchain ETF, New French Crypto Rules, Tokens Money in Russia Over 33,000 Blockchain-Related Companies Registered With Chinese Government The number of registered companies claiming to use blockchain technology in their businesses has ballooned in China, […]

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