Month: July 2019

On July 30, the United States Committee on Banking, Housing and Urban Affairs hosted a hearing on cryptocurrencies in a regulatory context. Lawmakers are showing renewed interest in digital currencies against the backdrop of Facebook’s crypto odyssey: This week’s testimony followed two Libra-focused hearings, which were held in Congress earlier in the month. Indeed, while
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The bitcoin price dropped almost $400 in a matter of minutes on Sunday evening before immediately paring losses. The flash crash and quick recovery is an obvious sign of bitcoin whales playing mind games.  While it’s impossible to know exactly what happened, the price action looks like a classic bear trap. A handful of large
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According to CoinDesk, LedgerX has launched the first physically-settled Bitcoin futures contracts in the US. The news comes at a time when Intercontinental Exchange’s Bakkt and TD Ameritrade’s ErisX have struggled to launch amid regulation issues. LedgerX Launches Bitcoin Futures Contracts LedgerX is now the first Bitcoin futures provider in the US that offers physical
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Yesterday, ethereum celebrated its fourth birthday. Four years ago, on July 30, 2015, the world’s first general-purpose blockchain platform went live. Called ethereum, the platform was the first of its kind to feature a Turing-complete virtual machine and native programming language able to deploy code of any algorithmic complexity. “Before ethereum, developers had to design
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Bitcoin Cash (BCH) development continues as software engineers have revealed two distinct concepts that aim to boost the BCH network. Bitcoin Cash developer Tom Zander has announced new documentation concerning the vision of a double-spend proofs, which now exists as a pull request to the alternative BCH implementation Flowee the Hub. Additionally, Electron Cash developer
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Today, lawmakers on the United States House of Representatives Financial Services Committee are meeting to discuss the possible effects of Facebook’s proposed Libra cryptocurrency project on the financial system.  As a Cointelegraph respondent reports on July 17, committee chair Rep. Maxine Waters has opened the hearing with an indictment of Facebook’s past behavior. In her
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Cryptocurrencies have been struggling over the past few days with increased scrutiny and piling up of bearish signs. Bitcoin, for instance, is nearing a turning point, and according to popular cryptocurrency analyst DonAlt, it is closer to testing support levels of $6,700. Bitcoin Drops Below the 50-Day Moving Average The signs are indicating that Bitcoin
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Cryptocurrency exchange Rain has opened its doors for business following regulatory approval by Bahrain’s central bank. The exchange also closed a $2.5 million funding round co-led by BitMEX Ventures. Rain received a Crypto-Asset Module (CMA) license following a two-year regulatory sandbox process per a statement from the exchange. Both the first project and graduate under
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Swiss privacy regulators have said that social media titan Facebook is lagging in its response to requests for more liaison. An unanswered letter As Cointelegraph reported, a Reuters report published on July 23 revealed that the Swiss Federal Data Protection and Information Commissioner (FDPIC) sent a letter to the Libra Association on July 17 but
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On Monday, OB1, the development team who created the crypto-infused marketplace Openbazaar, launched a new platform called Haven. The application is a mobile version of the Openbazaar marketplace, but also includes social media, end-to-end encrypted messaging, and noncustodial wallet services for a variety of digital assets. The following is a review of the Haven application
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