Binance, the world's leading cryptocurrency exchange, is reportedly planning to launch a fiat-to-cryptocurrency exchange in South Korea. The information comes from a news report at CryptoGlobe. According to press, this is what the founder and CEO of Binance said regarding the project: We do not know the details related to the establishment of the Korean…
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If anyone was waiting for a bargain price for Bitcoin below $10,000, they had a brief chance to buy at $9,850 and above, as the world’s favorite digital asset plummeted over the weekend. During its momentous rise to stardom, the one characteristic that has stood out most over recent months is that, once again, volatility…
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It seems that Bitcoin has one more skeptic, one who had yet to register his exalted opinion until this past Thursday. The “Tweeter-in-Chief”, President Donald Trump, let it be known via his infamous tweeting channel that he is not a fan of cryptocurrencies. His scorn also included Facebook’s Libra project: “If Facebook and other companies…
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Some US states have already introduced the option of paying your taxes with bitcoin. Now, Canada is speeding up with the bitcoin tax "craze". Reportedly, the city of Richmond Hill is the first Canadian city to do trials with bitcoin tax payments. Citizens will be able to pay their municipal taxes in the "people's currency".…
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Right now, it is vital for cryptocurrencies to gain some regulatory "love", otherwise the future of digital coins is bleak. Just now, the US suggested that they will discourage tech companies from issuing digital currencies, and it seems by all means that Donald Trump, the US President, is not a fan of crypto. Probably the…
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There is a maxim in corporate strategy that suggests that you may never be able to guess accurately guess how the market may receive a new product offering, but the moment the announcement is made, the consequences and reactions from competitors become abundantly clear immediately. Such may now be the case with Facebook’s Project Libra.…
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Just as soon as it was announced that Christine Lagarde, the current head of the IMF, was the frontrunner to replace Mario Draghi as he departs the European Central Bank, there was then immediate speculation as to who would replace her at the IMF. The first name that has been bandied about is Mark Carney,…
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Representative Maxine Waters, a Democratic Congresswoman from California, takes her job seriously as the chair of the House Financial Services Committee. During a grilling session of Fed Chairman Jerome Powell, which happens twice a year, she made it known that she is on personal crusade against Facebook's blockchain token Libra. In a hearing that was…
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Once more unto the breach, dear friends, once more… Bitcoin tried valiantly for a second time in 30 days to breach the $13,000 “wall”, but, unfortunately, was pushed back down below $12,000. Resistance has thickened on these ramparts on the way to a new All-Time-High, but the market leader has definitely been persistent. Volatile swings…
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There are probably 100 reasons why a cryptocurrency exchange may shut down, the most probable one is usually a serious hack or weak "link" somewhere. Another reason is simply stolen funds. However, the Polish crypto exchange Bitmarket has shut down because of lack of liquidity. The exchange started operating in 2014. It has just announced…
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