Day: March 7, 2019

Bitcoin (BTC) Demand Could Stem From Increasing Bank Scandals

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Bitcoin prices consolidating but bullish Obscure banks real culprits in money laundering Transactional volumes drop below average Findings indicate that centralized global banks are agents of money laundering and not Bitcoin or cryptocurrencies as peddled by mainstream media. With high transparency level of public blockchains as Bitcoin’s, the native coin, BTC stands to be the money of the web further pumping prices up. Bitcoin Price Analysis Fundamentals From the very inception, Bitcoin as tech is adapting. With a slew of accusations that the global, decentralized “new money” is anonymous and…

Binance Coin (BNB) Defying Gravity After Sovereign Backing

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Binance Coin (BNB) price up 54 percent in last week The government of Argentina is supporting blockchain projects backed by Binance Labs Participation levels explode in recent days Argentina is interested in blockchain projects and an accelerator program in conjunction with Binance Labs. They shall invest $50 in 10 different projects in the next four years. That is the confidence we need, and as Binance Coin (BNB) edge higher, there is an opportunity for traders to benefit from the recent uptick in demand. Binance Coin (BNB) Price Analysis Fundamentals On…

Blog: Adtech fact finding forum shows consensus on need for change

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There’s a well-quoted line from Steve Jobs, that as Apple CEO he didn’t employ smart people to tell them what to do, but so that they could tell him what to do. It was a line that came to mind as I looked round the busy room yesterday at the ICO’s adtech fact finding forum. We had more than a hundred people with something to say about adtech, from publishers to advertisers, from civil society to start-ups, from adtech firms to lawyers. As the regulator, I’m delighted we could bring…

Former Iced Tea-Turned-Bitcoin Mining Firm Sells Beverage Business

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Long Blockchain, previously named Long Island Iced Tea, has reached an agreement to sell its ready-to-drink tea business to Canadian firm ECC2 Ventures. The deal is documented in a Securities and Exchange Commission (SEC) document filed on March 6. At the beginning of 2018, the company had rebranded from Long Island Iced Tea to Long Blockchain, seeing a 500 percent jump in shares, noting that it hoped to raise money to purchase Bitcoin (BTC) miners. In August 2018, the company announced that it had again changed its line of business…

South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes

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The South Korean Supreme Prosecutors’ Office (SPO) has announced the establishment of a task force to fight cryptocurrency-related fraud and crimes. The development was reported by the Korean Broadcasting System (KBS), one of the largest national public broadcasters, in an article published on Tuesday, March 5. The new task force will be responsible for the investigation — under the SPO’s authority — of fraud, illegal money laundering, crimes and other illegal activities within the fields of fintech and cryptocurrency. The decision to create a special task force is a response…

QuadrigaCX Exposed? Founder Allegedly Traded $8 Million in Bitcoin

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According to pseudonymous cryptocurrency researcher “I am Nomad” and a report from The Block, QuadrigaCX co-founder Michael Patryn traded large Bitcoin positions on BitMEX surpassing the tune of $8 million. QuadrigaCX Co-Founder Allegedly Caught Making Major Bitcoin Trades QuadrigaCX, the now-defunct exchange which was once Canada’s biggest cryptocurrency trading platform, claimed to have lost $150 million in crypto assets following the death of its CEO Gerald Cotten. The exchange claimed that Cotten passed away with sole control over user funds stored in cold wallets. As such, the company has not…

Leading Social Investing Platform EToro Launches Crypto Services in 31 US States

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Exchange and social network for investors and traders eToro has launched its cryptocurrency trading services in the United States, according to a press release shared by the company with Cointelegraph on March 7. The exchange, which — per the release — has over 10 million registered users, will start facilitating the trade of 13 unspecified crypto assets and release a cryptocurrency multisignature wallet to customers in 31 U.S. states and territories. The wallet will support Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Stellar (XLM) and Ripple (XRP), and…

Blog: Why the right of access to patient data needn’t be a headache for GPs

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7 March 2019 A patient’s right to access their own medical records from their GP is a long-established principle supported and strengthened by data protection law, most recently the General Data Protection Regulation (GDPR). Under the updated data protection regime a patient’s request to access their records (commonly known as a subject access request (SAR) must now be processed free of charge and within one month. Requests on the rise Medical practices have reported a significant rise in SARs since the GDPR came into effect in May last year, which…

Blockstream’s MuSig to Improve Bitcoin Transactions?

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Following the launch of working code last month, blockchain technology firm Blockstream hopes to successfully develop a new multisignature standard for Bitcoin transactions in the future. Alongside this, Blockstream also released its latest version of its Bitcoin scaling software c-lightning at the beginning of March, marking a busy period for the highly regarded development house. Upgrades to the Bitcoin protocol Historically, potential upgrades to the Bitcoin protocol (BTC) have been a big point of contention since its inception back in 2009. Satoshi Nakamoto’s original Bitcoin white paper is treated as…

Litecoin (LTC) Up 28 Percent, Lightning Network Capacity Up 76 Percent, What can Stop $70?

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Litecoin prices surge, up 27.8 percent in last week Lightning Network capacity up 76 percent Participation levels up, averages increase from 954k in mid-Nov to 1.5 million by last week’s close Pumping Litecoin is renewed interest and technical factors. Now that LTC prices are trading above $50 in a bull breakout pattern, Litecoin stands to rally with first targets at $70. Litecoin Price Analysis Fundamentals As alternative and superior money for the web, the primary driver has to be adoption. The more Litecoin (LTC) finds utility, the more its value…