Day: October 8, 2019

Chainlink Blazing a Trail to All-Time High?

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Chainlink (LINK) has been on fire, blazing its own trail independent from the rest of the market. The digital asset appears to be in the beginning stages of a strong uptrend on the charts, backed by a devoted community and several significant news headlines this year.  Chainlink’s recent price action is notable because of its timing and independence from the rest of the crypto market. Sentiment around Bitcoin (BTC) has been noticeably bearish since its fall from a multi-month consolidation pattern on Sept. 24. Bitcoin is firmly positioned as the…

Forbes Editor-in-Chief Believes Bitcoin Can Help Fight Authoritarian Govts

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Forbes chairman and editor-in-chief Steve Forbes has described Bitcoin (BTC) as a “high-tech cry for help” driven by a lack of trust in traditional currencies. Speaking to Ark Invest CEO Cathie Wood on her company’s podcast, he said Bitcoin’s challenge now is becoming a coin as trustworthy as gold — an assert that has earned its status the hard way over thousands of years. Although Forbes starts out by saying that Bitcoin prices fluctuate too much — “steak one day, dog food the next” — he shows a deep understanding of what Bitcoin is and…

Veteran Crypto and Stocks Trader Shares 6 Ways to Invest and Get Rich

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Two of the most frequent questions that I get from people in the crypto community are: what do you invest in and what are the best investing strategies? As a general rule, the best investment strategy focuses on maximizing gains while minimizing risk.  Historically, the best assets that fit this profile have been stocks, bonds, and real estate. A well balanced portfolio should have an allocation of all three, which is where I am most heavily invested. Every investment strategy should always have a long-term horizon and investors that begin…

Libra to Be at the Center of the EU’s New Crypto Regulations

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Libra will be the focus of the cryptocurrency regulatory framework planned by the European Union’s finance commissioner Valdis Dombrovskis. “Common Approach” Needed, Says Commission VP The former Latvian Prime Minister has been the Vice President of the European Commission since 2014 and said in his bid to be reappointed that the EU needs to take a unified approach to regulating cryptocurrencies. “[…] we must address risks such as unfair competition, cybersecurity, and threats to financial stability. For instance, Europe needs a common approach on crypto-assets, such as Libra. I intend to propose…

Libra to Be at the Center of the EU’s New Crypto Regulations

boss

Libra will be the focus of the cryptocurrency regulatory framework planned by the European Union’s finance commissioner Valdis Dombrovskis. “Common Approach” Needed, Says Commission VP The former Latvian Prime Minister has been the Vice President of the European Commission since 2014 and said in his bid to be reappointed that the EU needs to take a unified approach to regulating cryptocurrencies. “[…] we must address risks such as unfair competition, cybersecurity, and threats to financial stability. For instance, Europe needs a common approach on crypto-assets, such as Libra. I intend to propose…

Nearly $10 Billion in BTC Is Held in Wallets of 8 Crypto Exchanges

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6.7% of the entire circulating supply of Bitcoin (BTC) is held on the wallets of eight major cryptocurrency exchanges, according to Twitter account The Token Analyst. “Exchanges are the biggest HODLers” On Oct. 8, the Token Analyst, a Twitter account that provides real-time and historical blockchain data, wrote that throughout Bitcoin’s history, the amount of the world’s most popular crypto coins on exchange wallets has consistently been increasing.   According to the Token Analyst, 6.7% of the entire Bitcoin supply — close to 1.2 million coins — is currently held in…

Crypto Exchange Binance Launches Eighth Phase of its Lending Product

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Cryptocurrency exchange Binance has announced the launch of the eighth phase of its lending product on Oct. 7. In this phase, Binance will start offering 14-day fixed-term lending products. The subscribers will be accepted on a first-come, first-served basis. The subscription period begins on Oct. 10 and ends on Nov.10, while interest will be paid immediately after the term matures. An annualized percentage yield of 10% The digital assets included in the program are Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), EOS, Ethereum Classic (ETC), Ether (ETH), Chainlink (LINK),…

Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts

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Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated with traditional banking. Also read: Turkish Government Freezes Over 3 Million Bank Accounts Personal Information Put Up for Sale The leak at Sberbank, a leading financial services provider with offices in 21 countries including other CIS members, the U.S., U.K., Central and…

How Do Decentralized Instruments Work?

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In cryptocurrency trading, everything is based on price movements, with market participants’ success depending on their ability to predict and quickly respond to this dynamic environment. Forecasting, however, is not always that easy, especially when it comes to high volatility. Even experienced analysts disagree in their assessments  —  while some of them predict that Bitcoin (BTC) will hit $100,000 in a year and a half, others say that it may drop to $3,000 or lower. Today, next-gen decentralized instruments can help simplify the complex process of exchange trading by helping traders conduct an…

Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre

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The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Innovation Hub Centre in Switzerland. Two major projects According to an official press release on Oct. 8, the BIS’s first three innovation hubs will be established in Switzerland, Hong Kong and Singapore. The Swiss center will initially focus on two research projects — integration of central bank digital currencies (CBDCs) into a distributed ledger technology infrastructure and analysis of the rising requirements for tracking fast-paced electronic markets by central banks,…