Monthly Archives: November 2020

Tencent joins forces with ShareRing to launch blockchain digital ID platform

Digital identification is the future. What role will blockchain play? Chinese conglomerate Tencent Holdings is joining forces with blockchain company ShareRing to launch a new digital identification system to streamline international travel amid the pandemic.  As the South China Morning Post reported Tuesday, ShareRing will combine its distributed ledger technology with Tencent’s cloud services to create a blockchain-based digital identity management platform. Specifically, ShareRing will use Tencent Cloud’s optical character recognition, or OCR, and facial recognition technology to help improve its “self-sovereign identity app.” In its current […]

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Bitcoin has hit all-time highs against numerous world currencies

Bitcoin has broken record levels against at least nine world currencies as its USD price marches toward $20,000. Bitcoin (BTC) is just a few thousand dollars from its all-time high near $20,000 USD. While much of the crypto industry watches Bitcoin’s price action in U.S. dollar terms, however, BTC has already achieved all-time high prices relative to numerous other world currencies. In an Oct. 22 tweet, Alistair Milne mentioned seven countries in which Bitcoin had already reached its all-time high relative to those counties native fiat currencies. […]

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Bitcoin up 375% since Peter Schiff accidentally called the exact bottom

Schiff gave anyone reading his Twitter account in March “maximum opportunity” to profit, a popular trader says as Bitcoin tops $17,000. The Bitcoin (BTC) price bottomed at exactly the point that gold bug Peter Schiff said that it would crash further — and proponents are reminding him of his mistake. Retweeting a now infamous Twitter post that Schiff made in mid March, popular trader “CryptoBull” noted that he had accidentally called Bitcoin’s bottom, not top. Schiff tweet “marks exact bottom” for BTC Schiff was complaining that he […]

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Poloniex Lists SENSO As Sensorium Galaxy’s Partnership Spree With World-Class Artists Accelerates

With COVID-19 cases on the rise and the world’s top economies re-considering strict lockdown measures, cryptocurrency exchange Poloniex has taken an interest in SENSO — a token focused on bringing high-quality entertainment into the rapidly expanding VR space. Poloniex Lists SENSO The exchange has added support for Ethereum-based SENSO tokens on November 17, 2020, giving traders access to two new trading pairs: SENSO/BTC and SENSO/USDT. SENSO is the in-platform currency of Sensorium Galaxy — a social VR platform designed to enhance digital communication through compelling virtual experiences […]

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Taxman gets the boot: Bitcoin Cash Node emerges as victor of hard fork

As Bitcoin Cash goes through another fork, Bitcoin Cash Node seems to be the emergent winner for now. The Bitcoin Cash network just went through yet another fork after originally being created as a hard fork from the Bitcoin (BTC) blockchain in August 2017. The hard fork on Nov. 15 split the Bitcoin Cash network into two new blockchains, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). The main difference between the two is the 8% tax on gross rewards that miners must pay to BCH […]

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Hedera Hashgraph to be used for crowdsourced airstrike warning app in Syria

An app that has been used for years to help civilians to access better real-time information about airstrikes has switched from using Ethereum to Hedera Hashgraph. Sentry is an an app developed by Hala Systems that has been providing civilians with a crowdsourced and sensor-driven early warning system against airstrikes during the protracted civil war in Syria. Live since 2016, the system has evolved to become more accurate and complex, using a sensor network, artificial intelligence and blockchain technology to provide a strong, technological underpinning for analyzing […]

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Bitcoin Touches $17K Price Zone, BTC Dominance Levels High, Altcoins Still Way Behind

On November 17, the price of bitcoin touched another 2020 all-time high (ATH) when the crypto asset surpassed the $17k price zone on Tuesday. Bitcoin dominance has risen higher during the last few months and currently hovers at 65% this week. Despite the massive rise in bitcoin value during the last few months, altcoins are not performing as well as they did when bitcoin was at this price range three years ago. Back in 2017, bitcoin (BTC) touched an all-time high (ATH) on December 17, when it […]

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3 reasons Bitcoin price hit $17K, marking a new parabolic uptrend

Bitcoin price surpassed $17,000 for the first time since December 2017. The price of Bitcoin (BTC) surpassed $17,000 for the first time since December 2017, continuing its current uptrend. The rally comes after BTC broke out of the previous parabola, which initially caused concerns. Three factors likely contributed to the ongoing rally: new parabolic trend, resilience above $16K, and Bitcoin absordbing whale selling pressure. New parabolic trend On Nov. 16, Cointelegraph reported that analysts found the Bitcoin price dipped below a parabola dating back to September. Though […]

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SEC brought 56 cases against crypto-related firms during Jay Clayton’s tenure

The SEC summarized its efforts on combating crypto misconduct as its chairman is set to step down by the end of this year. The United States Securities and Exchange Commission has brought 56 enforcement actions against initial coin offerings, blockchain and digital asset-related companies since July 2017. On Nov. 16, the SEC released a report on the commission’s selected accomplishments during chairman Jay Clayton’s tenure from May 2017 until November 2020. As part of the 28-page report, the regulator mentioned the SEC’s efforts to combat “cyber-related misconduct” […]

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Bitcoin Ascends in New Crypto Ranking by State-Backed Chinese Institute

China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, has released its 20th ranking of crypto projects. A total of 37 crypto projects are ranked this time around overall as well as in three separate categories: basic technology, applicability, and creativity. The top four positions remain unchanged overall from the previous ranking, with Dash replacing NEO in the fifth position. Bitcoin climbed from the 14th position to the 11th place while Bitcoin Cash rose slightly from the 30th to […]

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