Around 6 to 8 million Venezuelans were airdropped half a Petro each by the government, with many trying to sell it for half the official price. Venezuelans are reportedly selling the state-launched Petro (PTR) cryptocurrency that was airdropped to them recently. Though the government claims to have fixed the value of one PTR at $60,…
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Traders are taking a break after the most recent volatility which suggests that most major cryptocurrencies will remain range-bound for the next few days. Recently Hiromi Yamaoka, the former head of payments and settlements at the Bank of Japan, said that Facebook’s Libra has forced central banks to research and consider issuing central bank digital…
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After testing the USD 8,550 support, bitcoin price started a decent increase. BTC/USD traded above USD 8,650 and USD 8,700, but it must climb above the USD 8,850 resistance level to continue higher. The next key hurdles are near USD 9,150 and USD 9,250. Similarly, most major altcoins are slowly rising towards major resistances, including…
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After a significant change in the major crypto exchange Binance’s whitepaper resurfaced, it raised numerous questions regarding transparency and accountability within the crypto industry, which is now lost in speculations, while Binance does not provide clear answers. As reported last year, in April 2019, Binance made a change to its original whitepaper and published Read…
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Compared to traditional cloud servers, decentralized solutions for data storage claim to be secure, private and efficient, but can they address the scalability issue? Cloud servers are able to keep a full record of our lives, storing literally everything from personal photos and videos from our smartphones to work documents. At first glance, this solution…
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Venezuela is in talks with Cuba about using the Petro, the former’s state-issued, oil-backed cryptocurrency, in bilateral payments including trade deals. Per the Venezuelan state-run newspaper Correo del Orinoco, the two nations talked on the matter of cryptocurrencies at their most recent intergovernmental summit, held in the Casa Amarilla in Caracas last week. Read more…
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Real Items Foundation plans to release a blockchain-based Shopify plugin to ensure consumers purchase authentic products. A San Francisco-based startup called “Real Items Foundation” is beta testing a Shopify plugin to ensure that authentic items are being sold to online shoppers. The plugin –- powered by a combination of blockchain technology and a cloud-based application…
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Bitcoin (BTC) may have already entered the fourth bullish price cycle in its history, with each cycle longer than the previous one. If true, only moderate price gains should be expected in the near-term, as the strongest gains are typically seen towards the end of the cycle, a new report from crypto analytics firm Coin…
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Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments. Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency (CBDC) for cross-border payments. On Jan. 22, the Hong Kong Monetary Authority (HKMA) and the Bank of…
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Ray Dalio gave an interview to CNBC explaining his investment thesis, noting that Bitcoin is not fulfilling its purposes as money and is inferior to gold. Ray Dalio, multi-billionaire and founder of investment firm Bridgewater Associates, said investors should not miss out on traditional markets, CNBC reported on Jan. 21. Dalio warned from holding Bitcoin,…
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