Day: April 28, 2020

From Zero Mentions to a Dedicated Section in CINIC Report: How Fast is Blockchain Growing in the Chinese Internet Industry

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The China Internet Network Information Centre (CINIC) recently published “The 45th China Statistical Report on Internet Development”. Compared to the previous issue, it is worth noting that the CINIC covered blockchain development as a dedicated section in the latest report. The report highlighted the rapid blockchain development of China in three aspects: regulation, technical development and applications. On Oct. 25 2019, China’s President Xi Jinping said at the study session of the Politburo held on Thursday that the nation should accelerate the development of blockchain technology. China has been actively pushing…

Bitcoin Set for $288K by 2020 via Updated Stock-to-Flow Model

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An improved Stock-to-Flow model for Bitcoin is predicting a very bullish future for the king coin within a few years. BTC is expected to reach $288K by 2024. Over the years, several analysts have come up with different ways of predicting the Bitcoin price trajectory. Most of these models have been quite bullish, and keep investors interested in the market, hoping that the price will spike. The Bitcoin Stock-to-Flow (S2F) model created by popular analyst PlanB, is the most popular. In a new publication, PlanB has made a new prediction…

New York Crypto Regulator Adds Silk Road Investigator as General Counsel

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April 28, New York State Department of Financial Services (NYSDFS) announced that it is adding a former Silk Road investigator as general counsel. The Department regulates financial services and products, which include cryptocurrency-related businesses. It awards the two types of licenses that many crypto businesses seek — a money transmitter license and a BitLicense. Previous experience: Silk Road, cryptocurrency, FIFA The announcement quotes the superintendent of financial services Linda A. Lacewell on the past achievements of the new general counsel Richard Weber: “Rich brings unquestioned integrity, legal acumen, and management…

Blockchain, Not Crypto, Is at Core of Facebook’s Libra, Vice Chair Says

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Despite existing concerns that blockchain is not mature enough to bring the new era of payments, the technology is being increasingly explored by global central banks. Blockchain technology meanwhile remains at the core of Facebook’s digital currency Libra, according to a top project executive. Since Libra’s white paper release in June 2019, the not-yet-launched stablecoin has continued to rely on blockchain architecture, Libra Association’s vice chair Dante Disparte explained. Blockchain unlocks payment network interoperability In an April 28 interview with financial publication Central Banking, Disparte outlined a number of structural…

Silver And Gold Mining Stocks GDX GDXJ SIL SILJ ITS ABOUT TO BREAK

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I go over, Silver and Gold, GDX, GDXJ, SIL, SILJ to see what’s happening right now. When looking at all the GDX, it looks like we could be getting ready for a breakout soon. When looking at gold, it’s at resistance and trying to break up and silver also in a holding pattern. That all said with silver and gold and mining index, we might be getting ready for a breakout. Share the video here: Customer Notice –Past performance…

Eco-Friendly Crypto Mining Is the Future as Green Solutions Gain Steam

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Over the last decade, cryptocurrency mining has been given a bad rap for the sheer amount of electricity required to power the industry. Back in 2017, it was pointed out that the collective power consumption of the Bitcoin (BTC) mining network in particular eclipsed the power consumption of some countries around the world. This was echoed in another 2019 study that suggested Bitcoin mining produces more carbon pollution than some countries. Toward the latter end of 2019, a couple of studies showed that the Bitcoin network was using less energy,…

Digital Euro Should Not Discourage Private Initiatives

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A blog post from the European Central Bank (ECB) discusses the importance of resilient payment mechanisms. While the report focuses on legacy systems, it also mentions novel blockchain-based technologies like the digital euro. Published on April 28 and authored by Fabio Panetta, a member of the bank’s executive board, the report highlights that the continuity of payment systems is a critical task for the central bank, especially in times of crisis. The traditional competitor to blockchain technology The report focused heavily on praising the Target Instant Payment System (TIPS), launched…

Bitcoin Halving Theories: Whale Says Price Rise Is a ‘Nonsensical Narrative,’ Weiss Ratings Expects ‘Massive Crypto Superboom’

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In less than two weeks, the Bitcoin block reward halving will take place and BTC miners will receive half the reward going forward after May 12. Since ‘Black Thursday’ (March 12), bitcoin prices have gained 103% since then rising from $3,800 to $7,750 per coin. With the halving fast approaching, many cryptocurrency proponents believe the event will create significant demand for the digital asset bringing the price back to all-time-highs. The Great Bitcoin Halving One of the most anticipated events in Bitcoin history is taking place on or around May…

CRAZY!!! BITCOIN TO $9,000 VERY SOON?! IF WE BREAK THIS SPECIFIC LEVEL!!! USDT PUMPING BITCOIN?

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