John McAfee is probably the most ardent Bitcoin enthusiast. Now, news emerged that the Bitcoin bull will support the Zombie Coin project, and not only that, but write its white paper. The zombie ICO is a rather hilarious project that is managed by China Zombie, which wants to teach zombies how to use alt coins.…
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Suddenly, Bitcoin “watching” has become boring. There had been some expectations that this weekend might bring a groundswell of support, based on a contentious G7 meeting and the fact that S&P futures were in the toilet, due to tariff wars, but such was not the case. Yes, Bitcoin jumped up on Friday in anticipation of…
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As a stablecoin, Tether has clout in the market, as it should since it is by far the largest version of this “special use” type of token. The “USDT” reportedly has reserves to the tune of $3.5 to $4 billion, many multiples higher than its closest competitor. Skeptics have accused its management team of cavalierly…
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What a difference a week makes, or does not make in the case of Bitcoin’s progress toward a new All-Time-High (ATH). Based on favorable news about the launch of the Bakkt exchange in late September, BTC buyers were numerous at the start of the week, driving prices up to strong resistance at $11,000, only to…
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Crypto advocates in India were given a sliver of hope that a crypto ban instituted by the Reserve Bank of India (RBI) and contained in a draft proposal from an inter-ministerial committee dominated by the RBI may be ruled unconstitutional. The RBI had jumped the gun in mid-2018 by prohibiting its banking members from having…
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Ripple has onboarded a new partner to its RippleNet platform - Xendpay. The company is based in the UK and provides remittance services. The new partnership allows Xendpay to join international markets such as Malaysia, Vietnam, Bangladesh, Indonesia and other. Xendpay was created in 2012 with the main purpose of transferring money in a cheap…
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It's no secret that the demand coming from institutional investors has increased tremendously over the last year and some businesses are quick to catch the "crypto" wave and benefit from the trending market. Two such businesses are none other but Deribit and Paradigm. Deribit is a cryptocurrency exchange for options and futures on both Ethereum…
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The US Treasury, or more specifically its Office of Foreign Assets Control (OFAC) has recently blacklisted three Chinese residents and their respective crypto accounts. The reason? Smuggling of drugs and money laundering allegations. The three Chinese individuals are the following: Guanghua Zheng, Xiaobing Yan and Fujing Zheng. All three of them are currently named as narcotics traffickers and…
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In our new Internet Age, news cycles often turn over so quickly that yesterday’s storylines are soon forgotten, along with any important dates that could loom large in the future. Such is the case with Bitcoin, and particularly so since price behavior tends to gyrate wildly whenever news event of interest occur. For traders and…
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When the same management team rules over both a crypto exchange and a “honey pot” with $3.5 billion on hand, while in a totally unregulated environment, there will always be the potential for fiduciary transgressions that cross over the line of accepted ethical standards. Such is the case with iFinex, the managing parent corporation for…
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