Day: October 17, 2019

Canada Exploring Digital Currency to Track People’s Spending Habits

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The Canadian central bank is reportedly considering launching a proprietary digital currency. Digital currency could share info with police and tax authorities On Oct. 16, news outlet The Logic reported that the Bank of Canada is exploring the possible opportunities and challenges related to launching its own digital currency. The central bank purportedly believes that a public central bank digital currency (CBDC) could be the answer to the direct threat that cryptocurrencies apparently present. The document, titled “Central Bank Money: The Next Generation,” was reportedly prepared for the current Governor…

Losing Small Is Key To Long Term Success

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In my fourth trade journal, I am updating my previous Bitcoin (BTC) position as well as discussing the reasons that I have reentered a new long position on the same asset. I am also highlighting a quick loss on Ravencoin (RVN), which dropped alongside Bitcoin. As I often say, this loss is proof that you win some and you lose some. What matters is that you lose small. BTC/USD As mentioned previously, I took a swing position in Bitcoin on Sept. 26 at $7,914. I exited 50% of the trade…

Qtum’s First-Ever Hard Fork Qtum 2.0 Is Now Active

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Major Proof-of-Stake (PoS) blockchain Qtum has gone through its first-ever hard fork today, updating the network to Qtum 2.0. Major network upgrade Qtum blockchain has had its first hard fork as scheduled, Qtum Official tweeted on Oct. 17. The hard fork happened at block 466,000, upgrading the Qtum network to unlock a number of significant features such as smart contract and block spacing improvements, as previously announced by the firm. According to Qtum blockchain explorer Qtum Insight, the number of blocks on Qtum blockchain has crossed the 466,000 mark, amounting…

Telegram to Delay the Launch of TON Due to SEC Meeting

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Over the past few years, Telegram has become an important part of the crypto ecosystem due to its use as a communication platform for traders as well as market enthusiasts. Hence, it did not come as a complete surprise when the encrypted messaging service platform announced the launch of its own blockchain, the Telegram Open Network (TON). Major Details However, it seems to have run into issues with the all-powerful Securities and Exchange Commission. In a new development, the company told its investors that the date of the launch is…

What Does Skepticism for Libra Say About Bitcoin?

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Facebook’s dream of being a cryptocurrency giant is seemingly becoming more distant by the day, as increasing regulatory uncertainty continues to jeopardize the company’s Libra project. While Libra has been surrounded by anything but good news even before its launch, crypto watchers should ask themselves, Does Bitcoin need Libra to thrive at all? A crypto world without Libra — is that a good thing or not? What would a no-Libra crypto world be like, and how would that impact Bitcoin? Scrutiny Despite its innovative approach and its ambition as a…

How to Manage — and Understand — Risk Tolerance in Crypto Investing

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“Risk tolerance” is a buzzword that’s commonly bandied around in the investment world — and with very good reason. Although the phrase “no pain, no gain” has some truth — and there will always be some risk associated with making investments — we all have different thresholds of pain to consider. While some will suffer sleepless nights after the value of their portfolio slides by 1%, others can happily grin and bear it following a 10% hit. The art of risk tolerance involves understanding your emotional response to financial losses…

The 18 Millionth Bitcoin To Be Mined this Friday, Only 3 Million Left

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The 18 millionth Bitcoin (BTC) is expected to be mined this Friday, American investor and co-founder of investment firm Morgan Creek Digital Assets Anthony Pompliano tweeted on Oct. 15. Only three million BTC left Pompliano also noted that, at this point, there are only three million BTC left to be mined. The tweet asked to raise awareness about the world’s most well-known cryptocurrency: “This Friday the 18 millionth Bitcoin will be mined. There are only #3MillionLeft. Let’s make this hashtag trend so the world can learn about Bitcoin.” This initiative…

Ethereum Price Technical Analysis (Oct. 17): Still in the Panic Phase

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When looking at the chart below, we can see that Ethereum (ETH)trade is currently trading at $177.8. The price has broken the support of $178, turning it into resistance with new support at $173.43. The price seems to be stuck between the channels, like Bitcoin, with the resistance as the upper limit and support as the lower limit. The price is approaching the resistance so it is suggested not to take long positions at this price, until the resistance is broken. Dow Theory According to Dow Theory, the ETH price…

Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto

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Miami based bitcoin ATM maker Bitstop has recently installed Miami International Airport’s first crypto ATM, according to a press release issued October 15. The installation adds to the 106 machines the company has already placed across the U.S. Further, it raises important questions about the benefits and legality of traveling with crypto in lieu of cash, when it comes to declaration of assets. Also Read: Where US Regulators Stand on Cryptocurrency Traveling Privately With Crypto While the installation of another crypto ATM doesn’t exactly herald groundbreaking change in the crypto…

Tokens Pegged to Nike’s Sneakers Fall Sharply after Daryl Morey’s Hong Kong Tweet

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No one has ever thought that the protests in Hong Kong would ever affect the price of cryptocurrencies trading in U.S. crypto exchanges. But apparently, there is still some impact; at least on Nike’s Air Jordan tokens (such as AJBT, AJCP, AJIB and more) listed on the crypto exchange 55.com. Daryl Morey, the general manager of the Houston Rockets of the National Basketball Association (NBA), conveyed his support to the pro-democracy Hong Kong protesters through Twitter and attracted thousands of pro-China troll mobs. Subsequently, he deleted the controversial tweet almost…