Day: April 15, 2020

No One Knows What Will Happen With Fiat or Crypto — Buy Peanut Butter, Says McAfee

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John McAfee, arch libertarian, tax fugitive and staunch advocate of cryptocurrencies, is offering 101 survival tips in lieu of investment advice during the pandemic crisis. McAfee appeared on the left-wing podcast Aufhebunga Bunga on April 14, in an episode devoted to the political, economic and civic fault lines that have been exposed by the COVID-19 crisis.  Podcast host Phil Cunliffe, a senior lecturer at the School of Politics and International Relations at the University of Kent, turned the discussion towards what the present conjuncture could mean for the digital economy…

ShapeShift Acquires Non-Custodial Wallet Provider to Expand User Access to DeFi

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Cryptocurrency exchange ShapeShift has acquired Israeli non-custodial wallet provider Portis. Founded in 2018, Portis is a non-custodial software wallet that was first integrated into ShapeShift last November as part of the exchange’s pursuit of self-custody solutions that don’t require traders to use a hardware wallet.  Speaking to Cointelegraph on April 15, ShapeShift founder Erik Vorhees revealed that following the acquisition, ShapeShift users will have integrated access to multiple decentralized finance (DeFi) applications and services. Meanwhile, Portis users will be able to log in with their Portis wallet and trade cryptocurrencies…

China’s Internet Finance Association Says Blockchain Is Maturing

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A recent survey by China’s National Internet Finance Association of China (NIFA) has found that blockchain technology is gaining a solid footing. On April 14, Chinese local news platform Sina reported the results of the latest blockchain survey conducted by the National Internet Finance Association of China (NIFA).  The “China Blockchain Fi­nance Ap­pli­ca­tion and De­vel­op­ment Re­search Re­port” takes into consideration 47 organizations involved with blockchain and 112 blockchain application projects within China.  32.6% of all organizations surveyed were said to be working on supply chain financing, making up for a…

This Market Cycle Analysis Suggests Bitcoin Isn’t Done Crashing Yet

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Over the past few weeks, crypto investors have been wondering if Bitcoin bottomed during the crash to $3,700. After all, the asset traded there for mere minutes, falling to that level as a result of a seeming cascading series of orders on derivatives exchanges rather than pure, organic price action. According to a simple market cycle study of Bitcoin’s two macrocycles, 2013-2015 to 2016-2018, the bottom is not yet complete. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes Simple Market Cycle Study: Bitcoin May Not Be…

This Market Cycle Analysis Suggests Bitcoin Isn’t Done Crashing Yet

boss

Over the past few weeks, crypto investors have been wondering if Bitcoin bottomed during the crash to $3,700. After all, the asset traded there for mere minutes, falling to that level as a result of a seeming cascading series of orders on derivatives exchanges rather than pure, organic price action. According to a simple market cycle study of Bitcoin’s two macrocycles, 2013-2015 to 2016-2018, the bottom is not yet complete. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes Simple Market Cycle Study: Bitcoin May Not Be…

China gets first glimpse at sovereign digital currency after screenshot leaks online

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A screenshot of China’s sovereign digital currency has emerged online, offering a rare look into the development of Beijing’s digital yuan Testing of the currency’s mobile app has reportedly been done over several months at China’s state-owned banks, although there is no official timetable for launch A screenshot of the user interface for China’s long-awaited sovereign digital currency has begun circulating on the Chinese internet, fanning speculation that the People’s Bank of China is a step closer to an official launch. The image, which has been shared extensively on Chinese…

Bitcoin’s PUMP OF HOPE! Breakdown and Analysis

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

How we will regulate during coronavirus

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The ICO has today published a document setting out our regulatory approach during the coronavirus pandemic. It makes clear what you can expect of us in the coming months. We acknowledge our responsibility to take into account these exceptional circumstances. We set out the flexibility the law gives us to be a pragmatic and empathetic regulator. We confirm our efforts will be focused on the greatest threats. And we acknowledge the important role that people’s information rights will continue to have. Elizabeth Denham, Information Commissioner, said: “Regulators apply their authority…