Bitcoin has continued its assault upon the $12,000 barrier, while expanding its crypto market share dominance to 68.8%. Its share had been 66.5% only a few weeks back, but analysts are now projecting an 80% target, as altcoins weaken and fade away. A final reckoning may be occurring, where poor use cases may finally dictate…
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There is an old adage that counsels: “Keep your friends close, but keep your enemies closer.” The Bitcoin ecosphere has a hefty share of enthusiasts, zealots, and supporters, but there is also a loud and outspoken group of detractors that includes politicians of high rank, Nobel laureate economists, government officials, and ordinary citizens that profess…
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Although the financial press rarely covers the issue, there is a competitive race, an “arms” race, if you will, taking place across the globe, as various national interests do their level best to attract the greatest and the finest of crypto related enterprises to relocate or set up shop in their locales. The “level best”…
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The Nova Scotia Securities Commission (NSSC) has issued a warning against an entity named aGifttoken (agifttoken.com). The company is not registered to sell securities in Nova Scotia. The company and their representatives have an Initial Coin Offering (ICO) that is available to Nova Scotia residents. aGifttoken claims to be a cryptocurrency to be used on…
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The tale of the one and only hack of the world’s largest crypto exchange is back in the news, as hackers began their task of laundering the 7,074 Bitcoins that were stolen back in early May from Binance. Coinfirm, a crypto analytics firm, has been keeping tabs on the various addresses where these coins, now…
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North Korea is making news as, according to a draft report from the United Nations, the country has stolen around $2 billion in a wave of cyber attacks on cryptocurrency exchanges and financial institutions in an effort to fund military weapons program. The report was submitted to the Security Council committee this past week by…
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The US-base unicorn, or better yet, the largest cryptocurrency exchange in the US, Coinbase is reportedly facing a negligence lawsuit for not handling the launch of BCH the right way. According to released court documents, US District Judge Vince Chhabria has formally accused the exchange of unfair competition practices and misrepresentation. Bitcoin Cash was launched…
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Right on cue, Bitcoin arose from its “slumber party” and bludgeoned its way upward once more, taking out formidable resistance at $11,200 with ease, leaping beyond $12,000 for a spell, and now consolidating its rapid gains at $11,742. If you do the math, that is a hefty 14% gain in a matter of days, thereby…
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If Chinese officials are acutely aware of one thing, it most certainly is their country’s constantly evolving position in the world politic and what might pose a competitive threat to that position at a later date. It is therefore not that difficult to understand that, after Facebook and its Libra Coin received a tongue lashing…
Read moreThe Securities and Exchange Commission (SEC) in the U.S. has published a request for blockchain support. The agency wishes to outsource the task of running nodes on the BTC, ETH, and XRP blochchains, ostensibly “to support its efforts to monitor risk, improve compliance, and inform commission policy with respect to digital assets.” The Trustnodes news…
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