Day: May 18, 2019

SEC Must Decide About VanEck Bitcoin ETF the Same Day Pro-Crypto Commissioner Hester Peirce Will Speak About This Subject… Good News Ahead?

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Everybody in the crypto-verse is focused on expectations and speculation. Which currency will rise, which will fall, which company will adopt blockchain technologies… and which will be the first Bitcoin ETF approved by the SEC. Commissioner Hester M. Peirce (source SEC) Although all previous attempts have failed, there is a light at the end of the tunnel. The US Securities and Exchange Commission is having a conference in New York on May 21 to discuss the future of ETFs and how they could affect the financial industry. However, it is important…

Ripple (XRP) Bulls Firm despite Coin Metric Report

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Ripple (XRP) up 25.6 percent Ripple Labs exposed by Coin Metrics as David Schwartz says it is a “timeline issue.” Coin Metrics now reports that Ripple Labs did under-reported the number of XRP released from escrow by a total of 200 million XRP while implementing the “escrow queue” differently than announced. The reaction could be heaping pressure on XRP which is fast dropping, clawing back this week’s gains. Ripple Price Analysis Fundamentals According to a Coin Metrics report, Ripple Labs is allegedly misrepresenting the actual amount of XRP in their…

Why Corporations, Banks Love It While Crypto Community Hates It

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By CCN: Ripple is arguably the most divisive cryptocurrency. Earlier this year, the company surpassed a 200-customer milestone as financial institutions such as Transpaygo, WorldCom Finance, and Euro Exim Bank signed up for RippleNet. If Ripple was like any other cryptocurrency, enthusiasts would have celebrated this accomplishment. Except for the XRP Army, the company is not getting any love from the crypto community. In this article, we explore the reasons why corporations love Ripple while almost everybody else hates it. Why Corporations Love Ripple It is quite easy to understand…

How to Prove Ownership With a Bitcoin Cash Address and Digital Signature

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Bitcoin is an amazing form of money and the technology Satoshi created has incredible potential. However, most people don’t realize that the blockchain not only allows for a great medium of exchange, but it also provides the means for creating notarized proofs. The following walkthrough aims to show anyone how to prove they own a bitcoin cash address as long as they are the owner of the private key. Also Read: Putting an End to the Bitcoin Store of Value Fallacy The Bitcoin Cash Blockchain and Notarized Proof The decentralized…

In for the Long Haul — How the New Long-Term Stock Exchange Can Help the Crypto Industry

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One of the most significant introductions that blockchain has made available in recent years is adding new tools through which companies can raise capital. The technology has made it possible to raise funds for a project from investors of just about any pocket size through initial coin offerings (ICOs) as well as security token offerings (STOs). Typically, these investors put in their money not just in return for a big payday, but they’re usually believers in the project as well. These investors form the community around which new projects are…

Platform Allows Users to Send and Receive Cryptocurrency With Gadget of Their Choice

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The team behind a private digital currency for secure payments says its goal is to make every consumer their own bank — enabling them to send and receive crypto with the gadget of their choice. Xeonbit says its peer-to-peer technology ensures that every user’s accounts and transactions are “out of reach to any prying eyes.” A feature known as “ring signatures” means public keys are shuffled in order to ensure that particular users cannot be identified once a transaction has taken place. The startup says this is not at the…

Crypto Market Testing Crucial Support: Bitcoin Cash, Litecoin, EOS, XLM Analysis

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The total crypto market cap declined sharply and tested an important support near $210.0B. Bitcoin price is showing signs of a decent recovery above the $7,200 support level. Litecoin (LTC) price failed to stay above the $100 level and recently declined below $90. Bitcoin cash price is down more than $90 from the recent high and broke the $380 support. EOS price is once again below the key $6.20 and $6.00 support levels. Stellar (XLM) price is gaining traction and it is up more than 7% to $0.1310. The crypto…

Bank of England’s Chief Economist Thinks Bitcoin Could Replace Cash

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It took bitcoin an 85 percent crash followed by a 135 percent recovery to convince a prominent financial expert about its underlying potential. Andrew G Haldane, the chief economist of the Bank of England, said bitcoin is on its way to replace cash, according to an eyewitness’s account. The 51-year academic made the statement when he was interacting with an audience of students. One of them asked Haldane about his thoughts on the future of cryptocurrencies. Haldane replied that he believed bitcoin, in particular, would become as relevant as cash…

Bank of England’s Chief Economist Thinks Bitcoin Could Replace Cash

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It took bitcoin an 85 percent crash followed by a 135 percent recovery to convince a prominent financial expert about its underlying potential. Andrew G Haldane, the chief economist of the Bank of England, said bitcoin is on its way to replace cash, according to an eyewitness’s account. The 51-year academic made the statement when he was interacting with an audience of students. One of them asked Haldane about his thoughts on the future of cryptocurrencies. Haldane replied that he believed bitcoin, in particular, would become as relevant as cash…

NEM (XEM) Defies Crypto Snooze as Week’s Biggest Gainer

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By CCN: The crypto market took a breather from its bull run this week, with Bitcoin slightly departing from its recent year-to-date peak. However, NEM has been defying this mini-correction mood to gain over 55 percent since Monday, according to Coinmarketcap data. Thus, NEM, whose coin is trading under the ticker XEM, has been the best performer of the week among the top 100 coins. On Thursday, it jumped about 50 percent in less than six hours, hitting a daily peak at $0.108, which is the highest level since November…