Day: December 20, 2018

With 90 Percent of Monero Mined, Attention Turns to ‘Tail Emission’ From 2022

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Miners have now extracted 90 percent of privacy-focused cryptocurrency Monero (XMR) and will net the remainder by May 2022, data from monitoring resource Monero Blocks confirmed Dec. 20. Monero — whose developers place anonymity and untethered usage of coins as a priorities — will have an ultimate supply of 18.4 million XMR. So far, a total of 16,659,407 XMR is available. Unlike Bitcoin (BTC) — which has a fixed supply once all coins are mined — Monero will continue generating tiny 0.6 XMR block rewards infinitely after 2022, a feature…

TRX Can Easily Blast Above Q3 Highs of 2.5 Cents

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Latest Tron News Without a doubt, Tron is one of the largest blockchain based platform in the space with one mission: Decentralize the web. So far, they have been making good progress, and aside from acquiring BitTorrent and announcing Project Atlas, Tron has been making inroads in other sectors as well. Through Project Atlas, seeders (content providers) get rewards in TRX as a way of encouraging file sharing. Interesting Read: Only CoinBase, Binance Have 300k+ Users, Fake Volume on Most Crypto Platforms In a Press Release, Justin Said: “Project Atlas…

How Bitcoin (BTC) and Crypto Stands to Benefit from the Fed Rate Increase

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A few hours ago, the United States Federal Reserve increased its interest rate by a quarter of a point from 2.25% to 2.5%. Such an increase might seem small, but the move is the fourth increase this year and the ninth since it started normalizing lending rates in 2015. Central Banks usually increase interest rates to slow down the economy when there are signs of inflation (which is defined as a measure of when the buying power of currency starts to reduce). Is the US Economy At Risk of Inflation…

Coinbase Launches Program to Educate Users About Crypto ‘Beyond Bitcoin’

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Major United States-based crypto wallet provider and exchange service Coinbase has launched an educational project that lets users earn cryptocurrency as they learn about it. The program, dubbed “Coinbase Earn,” was announced in an official blog post Dec. 19. Coinbase Earn has launched in an invite-only mode, with an initial focus on one digital asset, the ERC-20 token 0x (ZRX). The central idea, the post outlines, “is for users to understand more about an asset’s utility and its underlying technology, while getting a bit of the asset to try out.”…

Researchers Uncover Likely Fake Volume

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Korean exchange Bithumb reported volumes more than 10x its summertime averages in early November. CryptoExchangeRanks.com, a research firm linked with Hacken, decided to vet the data. They made the report available to CCN and it’s at the bottom of this article. Interesting patterns were uncovered when Bithumb’s trading patterns were put under a microscope. The researchers broke the trading activity down into three periods: August 25th to October 7th, October 8th to November 11th, and the third period, November 12th to present day. During the first period, they discovered that…

4,818 Pump and Dump Schemes Involving Bitcoin (BTC) and 300 Cryptos Identified By a Team of Economists

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On the 18th of December, a team of economists from America and Israel released a research paper examining pump and dump schemes in the crypto-verse that have flourished on the two platforms of Telegram and Discord. The 19 page report acknowledges that there has been an increased interest in cryptocurrencies in the past few years that has been accompanied by a proliferation of fraud. The research paper goes on to explain: While the fundamentals of the ruse have not changed in the last century, the recent explosion of nearly 2,000…

XRP Price Surge Capped at 40 Cents

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Latest Ripple News If anything, Ripple is right on track and in a decade or less, it may be a force to reckon in the remittance sector. That’s save all the criticism forcing company executives to defend the platform and for the umpteenth time reiterate that Ripple and Ripple Labs are two separate entities. The demise of Ripple as a company fronting xCurrent, xVia and xRapid won’t cause XRP trading to come to a gripping halt. In a recent AMA session with the head of Marketing at Ripple, Monica Long,…

PwC Warns Lack of Insurance Access Is Hindering Crypto Businesses

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Cryptocurrency businesses find it “almost impossible” to get insurance and this is deterring investors, Big Four auditor PricewaterhouseCoopers (PwC) told Reuters Dec. 20. In comments focusing on the global fintech market, Henri Arslanian — the firm’s fintech and crypto leader for Asia — highlighted the contradictory status quo industry businesses face trying to attract funding. “Most institutionally-minded crypto firms want to buy proper insurance, and in many cases, getting adequate insurance coverage is a regulatory or legal requirement,” he told the publication, continuing: “However, getting such coverage is almost impossible,…

Western Union Considers Crypto, Partners with Ripple to Test Blockchain Payments

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The president of Western Union Global Money Transfer has claimed the company is “ready to adopt any kind of currency,” potentially including cryptocurrencies, in an interview with Reuters Plus, Dec. 17. Odilon Almeida stated there is no big difference between cryptocurrencies and regular digital payments, the likes of which Western Union has been handling for years. Almeida believes that the firm’s long-term stance makes it potentially ready to launch any type of currency, including blockchain-based ones: “We already operate with 130 currencies. If one day we feel like it is…

Bitcoin Cash is 41.7% Up, Will the Upside Momentum Sustain?

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The original Bitcoin Cash (BCH ABC) is having a gala day at the crypto market as it rises 40% and beyond. The BCH/USD price on Thursday has extended its prevailing bullish bias to register new highs at 182 on Coinbase. On weekly basis, the pair has noted a 182% jump from its so-called bottom near 74, coupled with a relatively higher trading volume across all the leading crypto exchanges. The BCH/USD downside meanwhile is capped by its 100-period moving average curve, coinciding with 104.27 at this moment. We could see…