Day: April 24, 2020

New 2020 Free Bitcoin Cloud Mining Site Earn Free Bitcoin Every Day + Without Investment

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Mysterious Poloniex Downtime Prompts Community Frustration

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Cryptocurrency exchange, Poloniex, experienced unscheduled downtime on April 24 before resuming trading for all pairs except GRIN/BTC. Poloniex announced in a tweet sent that the exchange had to halt its activity due to an unexpected issue. Interestingly, the exchange warns users that it does not intend to resume the trading of the Grin (GRIN)/Bitcoin (BTC) pair, which is apparently the root of the malfunction. Poloniex resumed activity before going into maintenance mode again about an hour later. Once it resumed trading for good, its announcement read: “All markets except GRIN/BTC…

Starting a Bitcoin Startup During the COVID-19 Crisis

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With companies closing, unemployment rising and investors spooked in the age of the pandemic, NLW speaks with Swan BTC co-founder Yan Pritzker about the experience of launching a startup in the hyper-competitive world of Bitcoin. Yan Pritzker is the CTO and cofounder of Swan Bitcoin, an automated bitcoin-only investing app aiming to be the best on-ramp to bitcoin. He is also the author of “Inventing Bitcoin.”  On this episode, he and NLW discuss: Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the…

Binance Sees 2,000% Employee Increase in Under 3 Years

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Major crypto exchange, Binance, now has over 1,000 employees, showing tremendous company growth since its 2017 start. “When Binance first started in 2017, there were under 50 people,” Binance co-founder, Yi He, told Cointelegraph on April 23. “We have more than 1,000 employees today (currently at 1,002 and counting; we are welcoming new hires almost every day).”   Binance kicked things off less than three years ago Binance conducted its ICO in July 2017, garnering $15 million in capital. The exchange opened one month later. “Though our team during this time was…

Why Global Deflation May Not Be Bad News for Bitcoin

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Contrary to expectations, bitcoin could see a positive performance during a possible bout of global deflation if it acts not just as an investment asset, but as a medium of exchange and a perceived safe haven like gold.  The top cryptocurrency by market value is widely considered to be a hedge against inflation because its supply is capped at 21 million and its monetary policy is pre-programmed to cut the pace of supply expansion by 50 percent every four years.  As such, one may consider any deflationary collapse as a…

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Crypto Firms Brace as World Bank Predicts 20% Crash in Global Remittances

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The World Bank has predicted that the global remittance industry will retract by 20% amid the global economic slow-down resulting from the coronavirus pandemic. With a plethora of crypto firms targeting the remittance sector, the news may comprise a poor omen for many blockchain firms seeking to gain a foothold in the cross-border payments industry. World Bank predicts record slump in remittances On April 22, the World Bank published a report predicting that 2020 will see the “sharpest decline of remittances in recent history.” Slashed wages and falling employment of…

Michael Sung: China’s National Blockchain Will Change the World

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Professor Michael Sung is founder and chairman of CarbonBlue Innovations, a tech transfer platform for commercializing internationally sourced blockchain, fintech and digital finance innovation in developing countries. He is also co-director of the Fintech Research Center at the Fanhai International School of Finance at Fudan University.  This week, China will officially launch a major new blockchain initiative called the Blockchain-based Services Network (BSN). The BSN is a critical part of China’s national blockchain strategy that was announced by President Xi in late November 2019, but went largely under the radar…

Dole Plans Blockchain Food Tracing Overhaul by 2025

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The Dole Food Company has a five-year blockchain plan for stronger food safety. Dole aims to launch blockchain product tagging and other “advanced traceability solutions” across its three business divisions – tropical fruits, fresh vegetables and other diversified products – in a bid to enhance food safety operations by 2025. The deadline, contained in its sustainability report released Wednesday, charts a system-wide redesign of how Dole, one of the world’s largest fruits and vegetables distributors, traces its food. Top of mind is improving the speed with which Dole can identify…

Ethereum Price Vulnerable to an Intense Correction: On-Chain Metrics

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Ethereum is back in the spotlight after surging as high as $195 in the last 24 hours. The bullish impulse saw more than 220,000 addresses that had a balance in Ether go to zero, based on IntoTheBlock’s “Daily Active Addresses” model. The selling pressure has been so significant that the drop in addresses nearly outpaced the number of new addresses being created in the network, which could spell trouble for the smart contracts giant. Ethereum Daily Active Addresses. (Source: IntoTheBlock) Ether’s Network Growth Is Declining Network growth is one of…