Day: November 26, 2019

Telegram Founder Durov Should Testify in SEC Case Over Gram Token: Judge

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Telegram’s founder and CEO Pavel Durov, as well as two other employees, should give testimony in the SEC vs. Telegram case, a judge has ordered. According to a document signed by District Judge P. Kevin Castel at the New York Southern District Court on Monday, Durov’s deposition should take place on Jan. 7 or 8, 2020, at a location “agreed upon by the parties.” That would be a little more than a month before Telegram is scheduled to meet the SEC in court to dispute the legal status of the…

Stock to Flow Analyst Sees Bitcoin Trading at $10,000 Before End of Year

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Many crypto enthusiasts are placing ultra bearish forecasts on Twitter. The stock to flow model suggests that the move down is out of the norm. There’s a strong possibility that bitcoin trades above $10,000 before 2019 expires. In the last few days, bitcoin has been the subject of bearish calls. Many are calling a drop between $6,000 and $5,500. Peter Brandt chimed in on the topic. The most followed trader on Twitter said that the head-and-shoulders top for bitcoin doesn’t look valid. But the analyst painted a descending triangle breakdown…

Emirex Doubles Down with IEO Announcement, Building a Comprehensive Crypto Ecosystem in the Middle East

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The cryptocurrency space has seemingly revived in 2019. After a massive blood-letting through the course of 2018, the space has begun to regain a new life. The price of Bitcoin, for example, increased over 400% through the first half of the year. While this trend has reversed in part, the overall movement of the industry continues to be positive. This strong showing has reduced fears that Bitcoin is simply another tulip-style bubble that will eventually pop. As consumers and institutional players reenter the cryptocurrency marketplace seeking investments, the industry has…

Global Stablecoins Pose Risks to a ‘Fragmented’ Europe

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European Central Bank (ECB) board member Benoit Coeure has warned that global stablecoins remain untested and raise potential risks across multiple policy domains.   Coeure, a member of the ECB’s Executive Board, made his remarks at the Joint Conference of the ECB and National Bank of Belgium on Nov. 26, in a speech entitled “Crossing the chasm to the retail payments of tomorrow.” Global stablecoins pose broad policy risks Coeure’s speech was focused on the failure to establish a pan-European, market-led solution for digital retail payments.  Notwithstanding progress with back-end…

Bitcoin Price Recovers Above $7,000 But Markets Shiver in ‘Extreme Fear’

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The Crypto Fear and Greed Index hit its lowest value in months. The recent decline in prices took the market into “extreme fear.” The market tends to flourish in difficult circumstances. The Crypto Fear and Greed Index (CFGI) recently plummeted to its lowest value in months, signaling “extreme” levels of “fear” in the industry. The move comes after bitcoin dropped below $7,000, which brought out some of the most prominent crypto critics to spread fear, uncertainty, and doubt (FUD) around the market. Peter Schiff, the CEO and chief global strategist…

User Claims Forgetting ‘Brain Wallet’ Worth $13M

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A Bitcoin (BTC) investor has allegedly lost access to funds worth over $12.9 million after failing to record the passphrase for their wallet.  In what may become the latest timely lesson for the wider Bitcoin user base, Reddit account u/lumanubrecon claimed that as of Nov. 26, their balance of 1,800 BTC was out of reach. Brain wallet woes  The user said the coins were originally stored in a so-called “brain wallet” in 2016. When attempting to recover the wallet using the passphrase generated at the time, however, the wallet does…

Formula 1’s Blockchain Game Offers 30 ETH in Pole Position Contest

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Formula 1 fans and crypto enthusiasts, here is a chance for you to win some Ethereum (ETH)trade and other digital tokens by taking part in Pole Position Auction for F1 Delta Time. F1 Delta Time is an official blockchain game by Animoca Brands that uses the second largest cryptocurrency Ethereum. A Pole Position auction will be held on 28th November 2019 for 10 official Formula 1 team cars. This contest makes the game more interactive and engaging, allowing fans to win prizes, ETH and other virtual tokens by participating. Non-fungible…