In his latest tarnishing of Bitcoin, the gold bug likened it to fiat currency by again suggesting it had nothing backing its value. China launching a digital counterpart of the yuan backed by gold puts Bitcoin (BTC) at a disadvantage, veteran gold bug Peter Schiff claims. In a tweet on Nov. 2, Schiff, notorious for…
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Source: Reddit, u/Joxnlol The news of an American man who put half of his lottery winnings into Bitcoin (BTC) has spread through the Cryptoverse. The Reddit user ‘Joxnlol’ posted an image of himself several hours ago holding a certificate from the Illinois Lottery, stating that he has won USD 500,000 back in April this year.…
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The U.S. SEC has set an extremely high bar for BTC ETF applicants, but new proposals keep coming. What will it take for one to be accepted? October has been a busy month in the race to register the first crypto exchange-traded fund compliant with the requirements of United States regulators. Following the Chicago Board…
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Libra will be a “journey of years and decades” and not a payment service like PayPal but more of an interoperability protocol like email, says Calibra’s VP of product. Facebook’s crypto project Libra will be more similar to email tech than payment services such as PayPal, vice president of product at Calibra said. Speaking at…
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The lessons: Make it relevant. Prioritize user experience over perfection. For most blockchain-enabled products and services, achieving mainstream adoption has been a nearly impossible goal. Even the most celebrated projects in the crypto ecosystem struggle to expand their community beyond blockchain-savvy users. Augur, the famous betting protocol whose REP token peaked with a market cap…
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Coca Cola’s bottlers are implementing a blockchain solution from German software firm SAP to manage their cross-party transactions. Coca Cola’s bottlers are implementing blockchain technology to manage their cross-party transactions. A Business Insider report on Nov. 5 revealed that Coke One North America (CONA) — the tech firm that manages IT operations for the soda giant’s…
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XLM prices are skyrocketing after a group named the Stellar Development Foundation (SDF) burned a whopping 55 billion tokens – effectively destroying over half of the Stellar Lumens tokens in existence. The SDF made its announcement in a blog post, leading to a 24-hour price surge of over 20%. At pixel time (06:10 UTC), XLM…
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After a failed downside attempt, bitcoin price started a decent upward move above the USD 9,250 resistance area. BTC/USD even surpassed the USD 9,400 level, but it struggled to gain strength above the USD 9,500. The price is currently (09:00 UTC) correcting lower and it is approaching the USD 9,200 support area. Similar moves were…
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The largest cryptocurrency Bitcoin forms a clear lead over other options for a ten-year investment, with gold in second place and fiat firmly losing. Almost 60% of 70,000 people would take Bitcoin (BTC) over fiat currency as a long-term investment. That was according to a new survey on Nov. 4 by Ron Paul, the ex-Texas…
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Bitcoin futures are the latest market to see sudden volatility, with traders voicing concerns about manipulation across the BTC and crypto markets. Bitcoin (BTC) trading is coming under the spotlight this week after another flash crash sparked concerns that traders are manipulating markets. As various social media users noted, including statistician Willy Woo on Nov.…
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