Day: June 8, 2019

Life of Luxury: Fashion Turns to Blockchain

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Although once confined largely to agriculture, blockchain technology is now making major inroads into the luxury goods supply chain market. Thus, Consensys recently announced a new platform with French multinational luxury goods conglomerate LMVH and the technology behemoth Microsoft to verify the authenticity of luxury goods. Luxury brands trial blockchain Although many products in the luxury goods market are renowned status symbols found in expensive city center stores the world over, the components of their products can originate in the most far-flung corners of the globe. The nature of globalized…

IEOs Raise Half a Billion, Keep Fundraising Alive for Blockchain Startups

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By CCN: There’s a new fundraising sheriff in town in the maturing cryptocurrency space. While initial coin offerings (ICOs) were all the rage during the last bitcoin bull run, initial exchange offerings, or IEOs, have muscled them out of the way. If it weren’t IEOs, the market would have likely found another mechanism, but these appear to be the deal of choice for now. Funds that previously flowed to ICOs in 2017 are now being redirected into wiser IEOs, as evidenced by the rising trends. IEOs have attracted $518 million…

XRP Down 7.5%, Prices Could Freeze Because Of Ripple’s Goals

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XRP falls 7.5 percent week-to-date Ripple game plan demands stable prices Behind Ripple is a drive to change the status quo. Their goal is to dislodge SWIFT and improve livelihoods through cheaper transactions with XRP as a tool. Therefore, it means XRP must be affordable, pouring cold water on the $579 talk. At the time of writing, XRP is down 4.5 percent. Ripple Price Analysis Fundamentals It promises to be another display. An extravaganza where innovation shapes the sphere, ten years after Bitcoin became a breather. Bitcoin is, well, fair.…

How to Use Bitcoin to Invest in Gold

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Gold and bitcoin enjoy a curious relationship. On the one hand, there is a significant crossover between investors in both, particularly from libertarians who don’t trust the U.S. dollar. But on the other hand, initiatives such as #DropGold have sought to position bitcoin as a more portable, divisible and scarcer form of gold. Can bitcoin and gold co-exist, or does the supremacy of the one threaten the other? Also read: Electron Cash Users Can Now Send Bitcoin Cash to Mobile Phones Bitcoin and Gold – Allies or Enemies? Lately, bitcoin…

Dutch Billionaire Yet Another Victim of Deceptive Crypto Ads, Sues Facebook

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Earlier this week, Dutch billionaire John De Mol launched a lawsuit against Facebook over crypto ads using his image without permission. De Mol claims that consumers have lost as much as 1.7 million euros (over $1.9 million) due to the ads, and his reputation was damaged as a result. It is not the first time the California-based media giant is being sued over fake bitcoin ads — and, despite Facebook’s efforts to eliminate the problem, it seems that the issue persists. Brief introduction to Facebook’s relationship with crypto ads In…

Bitcoin Halving: The Next Big Break in the Crypto Sphere

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Bitcoin halving is a term used to refer to a period in the life span of the crypto where the reward on every block been created on the blockchain is slashed by half. This current reward-base for mining a single block on the blockchain globally pegged at 12.5 BTC. Since the entire mining process is solely based on a set of mathematical functions, and with a daily mine of 1,800 blocks, experts estimate the digital token to be due for the next halving by 2020. With the current amount of…

India’s Insane Anti-Crypto Bill Will Pump Monero and ZCash

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By CCN: The CEO of Binance cryptocurrency exchange, Changpeng Zhao, has predicted that India’s proposed anti-crypto bill will spur the adoption of privacy coins such as Monero and ZCash in the country. Binance CEO expects privacy coins to flourish in India Zhao, who runs one of the world’s largest cryptocurrency exchanges by trading volumes, hinted that such a development would be highly significant monumental noting that around 20 percent of the global population resides in India. As earlier reported, the draft anti-crypto bill proposes a 10-year jail sentence for anyone…

India’s Insane Anti-Crypto Bill Will Pump Monero and ZCash

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By CCN: The CEO of Binance cryptocurrency exchange, Changpeng Zhao, has predicted that India’s proposed anti-crypto bill will spur the adoption of privacy coins such as Monero and ZCash in the country. Binance CEO expects privacy coins to flourish in India Zhao, who runs one of the world’s largest cryptocurrency exchanges by trading volumes, hinted that such a development would be highly significant monumental noting that around 20 percent of the global population resides in India. As earlier reported, the draft anti-crypto bill proposes a 10-year jail sentence for anyone…

All-White South African Protest Community Launches Cryptocurrency

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By CCN: The town of Orania, South Africa, claims it’s not racist, but it’s only ever allowed white people to live within its walls. Wholly owned by a single community corporation, the city was established after Apartheid ended and has always had its own currency. Now the town of about 9000 people is moving to cryptocurrency. The e-Ora The Ora is the community’s native currency. It amounts to a stablecoin with the South African rand as a peg, but now a digital equivalent emerges. Both notes are issued and controlled…

Bitcoin (BTC) to Have Strong June, Could Hit $10,000: Analyst

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Bitcoin Could Hit $10,000 Soon Bitcoin (BTC) has the potential to run in June, according to analyst Naeem Aslam anyway. In a recent tweet, the chief analyst for Think Markets U.K., revealed that June is likely going to be a good month for BTC due to pure historical numbers — not as good as May, but good nonetheless. Citing data he gathered, Aslam stated that the five-year trailing high percentage number for Bitcoin’s performance in June is 25.98%, which, according to him, directly implies that BTC has the potential to…