Bitcoin enthusiasts, investors, and observers have still not gotten over how severely Bitcoin fell from grace, after the Bakkt crypto futures exchange opened for business. The blame-game has continued for weeks. The S&P 500 Index also took a tumble at the same time, as trade talks worsened and recession fears ramped up, but none of…
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Brad Garlinghouse, the talkative CEO of Ripple Labs and manager of the XRP token, has taken to the speaking trail to defend his product offering, but in an odd twist, his critics claim that he is trying to distance himself from the creation of the XRP token. Yes, his ongoing battle with the SWIFT organization…
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Blockchain technology is making inroads into every possible corner of commerce, if you take the time to examine the level of research and development taking place in this new decentralized ledger system. Yes, cross-border payment transactions have received the most hype in the press, but as we recently reported: Consulting firms have told us that…
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xCrypt ecosystem has just announced that it has launched the final version of the xCrypt - Digital Asset Exchange for the trading of virtual assets. Digital assets will be stored in cold wallets embedded with extra security measures such as multi-signature systems and two-step authentication. The xCrypt exchange is a fully regulated exchange platform that…
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Commodity Futures Trading Commission (CFTC) has confirmed that Ether is now classified as "commodity". The statement came from CFTC Chairman, Mr. Heath Tarbert. After months of studying the second largest alt coin by market cap, CFTC has decided that Ether falls under this specific jurisdiction. This is what Mr. Tarbert commented on decision that Ether…
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After the solid rumours that Facebook's Libra is going to be postponed for 2020, Zuckerberg is now facing Congress on the 23rd of October. With that there were also speculations that the COO of the company, Sheryl Sandberg may also testify regarding the project. The information comes directly from CNBC. Mark Zuckerberg will be the…
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Late evening shocker on the financial airways – The SEC rejects the Bitwise Bitcoin ETF proposal, well before Monday’s deadline decision date. Reporters on the late shift suddenly went into high gear, filling nearly every news channel with the shocking news. Matt Hougan, Bitwise's Head of Research, had just told everyone that, “We're closer than…
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Bitcoin enthusiasts have been jostled about after the disappointing Bakkt debut, losing 20% or more of their gains for the year and fearing the worst going forward. For those reasons alone, it is easy to see why Bitcoin’s supporters are searching madly for any technical signal that might be glowing “Green” at the moment. It…
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SEC, in surprise move, rejects the Bitwise BTC ETF proposal before the mandated deadline. According to Cointelegraph and Coinbase, the SEC hurriedly put out a press release after hours on Wednesday to announce its negative decision. The regulator cited that the Bitwise proposal was not “designed to prevent fraudulent and manipulative acts and practices”. The…
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While it can be very entertaining to follow the daily perturbations of Bitcoin and its altcoin rivals, there is always a very visible grey cloud that hangs over the horizon, threatening a wave of risky situations that could wreak havoc on the crypto-verse. What comprises this cloud of doom? In a word – security, the…
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