Day: November 5, 2019

Stellar (XLM) Dumps Nearly 10% As FOMO Rears Its Ugly Head

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Stellar (XLM) explodes amid news that the company burned more than half of its coins in circulation. Tuesday’s gains were quickly wiped out as the smart money took the chance to dump their positions. Nevertheless, the cryptocurrency looks attractive in the long-term time frame. In technical analysis, there’s an adage that goes, “buy the rumor; sell the news.” We’re seeing this nugget of wisdom in play out in Stellar (XLM). On Monday, the Stellar Development Foundation announced that it burned more than half of the Lumens in circulation. Supply went…

Binance’s DEX Now Supports AML Compliance Via CipherTrace

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Binance Chain transactions are now traceable by CipherTrace. The world’s largest cryptocurrency exchange by trading volume announced Tuesday it would utilize CipherTrace’s intelligence tools, bringing anti-money laundering analysis and support to its self-developed blockchain, which is both the foundation for the Binance DEX (decentralized exchange) and home to the exchange’s BNB token. CipherTrace said in a press release that it would support “institutional-grade” AML controls for clients, continuing a long-standing partnership between the two firms. Binance announced in April that it would integrate CipherTrace technology to track on-chain funds and…

Stablecoin ‘Structure’ Determines If It’s a Security

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International securities regulator International Organization of Securities Commission (IOSCO) suggested that some stablecoin implementations are securities. In a statement released on Nov. 4, IOSCO informed the public that on Oct. 30 its board met to — among other purposes — discuss stablecoins and the potential application of securities market regulations.  IOSCO’s stablecoin market research The regulator notes that it studied numerous stablecoins over the course of 2019 and acknowledges their potential benefits for market participants, investors and consumers. But IOSCO also warns that stablecoins pose potential risks in the areas…

Microsoft Kicks Off Enterprise-ready Crypto Token Platform On Azure – Predicts Tokenization Is A Pillar Of The Coming Revolution In Multi-Party Applications That Blockchain Technology Ushered In

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Tech behemoth Microsoft let loose the news of their launch of the Azure Blockchain Tokens platform on Monday, November 4, 2019 –  during the Microsoft Ignite conference in Orlando, Florida. During the kickoff in Florida, Gray stated that tokens that are ready for use by enterprises are now a time-consuming process, but the new platform will ensure that that whole thing becomes far easier. He likened it to how printers are now a lot easier to connect to a computer than it used to be in the past. advertisement What…

Analyst: Stellar (XLM) Decreasing Supply Could Increase Chances of Exchange Delisting

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The Stellar Development Foundation’s (SDF) unanimous decision to burn XLM’s supply by half could spell troubles for the project, believes noted bitcoin maximalist WhalePanda. The anonymous trader on Tuesday said the cryptocurrency exchanges could start treating XLM as security, explaining that SDF showed excessive control over the blockchain asset when they cut down its supply from 105 billion to 50 billion. The move increased the chances of getting XLM delisted from exchanges that have been careful about which digital asset they would list on their trading platforms. I wonder how…

Popular Bitcoin Time-Travelling Reddit Post Was Mysteriously Edited

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An old Reddit post which “predicted” nothing but darkness and gloom for the near-future of the Bitcoin world was mysteriously edited. Some think it’s interesting while others consider it spooky but regardless of whether or not there’s a general consensus, everyone agrees that there’s something interesting or fishy happening on Reddit.  A very ominous post published a few years ago has now been edited by an unknown user and edited that’s generally supposed to be impossible. Six years ago, a Redditor simply going by u/Luka_Magnotta, published on the Bitcoin subreddit…

Turkey to Finish Testing Digital Lira in 2020

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Turkey’s President Recep Tayyip Erdogan directed that the government should finish testing the national central bank digital currency (CBDC) in 2020. The country’s national blockchain-based digital lira is planned to be issued by the Central Bank in accordance with the 2020 Annual Presidential Program, Cointelegraph Turkey reported on Nov. 5. Digital lira ‘instant payment’ pilots should be finalized by the end of 2020 Published on Nov. 3, the Presidential Program specifies that the first trials of the digital lira should be conducted and finalized by the end of 2020, according…

How Blockchain Disrupts Global Business | Sibos 2019

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Blockchain technology is reshaping the face of our global financial system, and it goes far beyond cryptocurrencies alone. Since Bitcoin’s arrival, the conventional finance world has been intrigued by blockchain, Bitcoin’s underlying disruptive technology. Now we are seeing that intrigue being transformed into a full-fledged and active public interest, and the potential onset of popular mass adoption. But why is the white-collar financial world interested in adopting the very technology that holds profound implications for permanently altering “business as usual?” We headed to London in attendance of a conference called…

France to Include Bitcoin Literacy in High School Curriculum

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The French Ministry of National Education has decided to educate students of high schools in the sphere of cryptos. High school students in France will have an opportunity to gain basic knowledge of workings of blockchain and virtual currencies in the framework of their everyday studies. The French education ministry, Le Ministère de l’Éducation Nationale, is said to include Bitcoin and cryptocurrencies in the high school syllabus. Such a move is expected to help students understand the benefits of decentralized currency and its influence on mainstream financial systems. Bitcoin will…

Ron Paul Survey Reveals Most Prefer Bitcoin for 10-Year Investment

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Almost 60% of 70,000 people would take Bitcoin (BTC) over fiat currency as a long-term investment. That was according to a new survey on Nov. 4 by Ron Paul, the ex-Texas Congressman who has become well known for his proactive position on cryptocurrency.  Ron Paul survey: 58% choose BTC Part of a regular series of polls, Paul asked Twitter users about their investment preferences for $10,000 of value, delivered as a lump sum and untouchable for ten years. So far, out of more than 67,000 responses, Bitcoin is easily the…