Day: September 17, 2020

No need for central bank digital currency in Australia says Reserve Bank

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While other countries may be placing central bank digital currencies — also known as CBDCs — at the top of their agenda, Australia could buck the trend. According to a local news report on Sept. 17, the Reserve Bank of Australia’s latest payments paper has taken a cautious and sceptical line toward CBDCs as well as private-sector stablecoins. The RBA does not believe there is currently a strong policy case for issuing a CBDC in Australia, pointing to the success of the country’s efficient, real-time New Payments Platform. Moreover, while…

Fresh reports of Indian crypto ban are “clickbait,” says local source

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The draconian bill introduced by the country’s former finance secretary Subhash Chandra Garg in 2019 to ban cryptocurrencies in India haunts the country’s crypto enthusiasts and entrepreneurs to this day. Reports from Bloomberg and the local news outlet Economic Times about the further development of the bill and the possible introduction of it as law has only caused more panic and anxiety within the crypto community. These reports have always cited “people familiar with the development” as saying that the bill will be discussed shortly by the federal cabinet before…

Bitcoin speculators hit all-time lows as Grayscale says BTC like 2016

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Bitcoin (BTC) hodlers are beating out speculators in a sign that the cryptocurrency’s bull run is “just beginning,” data suggests. Part of asset manager Grayscale’s Valuing Bitcoin report issued this month, the Hodler vs. Speculator Index (HSI) is showing highly bullish divergence. Grayscale notes “similar structure to early 2016” HSI measures Bitcoin activity from wallets in order to give an impression of how network participants are using BTC — and market sentiment as a result. The data, compiled from on-chain analytics resource Coin Metrics, labels coins which have not moved…

Facebook Unveils Enhanced Oculus Quest 2 Virtual Reality Headset

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The Oculus Quest 2 features a more ergonomic design over its predecessor with all the standalone features. Facebook has seen good demand for its VR headsets during the pandemic period and has ramped up production for its latest offering. On Wednesday, September 15, Facebook Inc (NASDAQ: FB) unveiled its latest VR headset offering, the Oculus Quest 2. Unlike its last year’s version, the Quest 2 successor is ergonomically compact, more powerful and completely standalone. Meaning it doesn’t require an additional computing power to run. Everything essential comes with the VR…

What Is So Special About Bridge’s TRON-Based Oracle Network?

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The Bridge Oracle IEO, which sold out in six hours on September 15th on BW.com, kicks off the introduction of TRON network’s first Oracle System and has already led off excited chatter over the cryptosphere. What exactly led to Bridge being able to raise $8 million in a few hours? To understand why exactly smart contract and blockchain proponents are getting so enthused about Bridge, this article explores the incredible potential for smart contracts in decentralizing trust, and the final piece of the puzzle that Bridge Oracle proposes. Decentralizing the…

Technicals Point Towards Ripple (XRP) Increase To $0.27 Despite Some Roadblocks

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Ripple is gaining pace above the $0.2500 resistance against the US Dollar. It seems like XRP is aiming a run towards the $0.2700 resistance level as long as it is above $0.2400. Ripple is showing positive signs above the $0.2450 and $0.2500 levels against the US dollar. The price traded to a new weekly high at $0.2580 and it settled above the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $0.2460 on the hourly chart of the XRP/USD pair (data…

How Will Blockchain Technology Be Leveraged To Solve Un’s 17 Sustainable Development Goals? Can It Help Solve The World’s Most Pressing Social And Environmental Problems?

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With the arrival of Blockchain technology and its potential to disrupt the status quo and ‘fix’ many of our most severe problems as a civilisation. We have not changed that much since the Industrial Revolution several centuries ago and now many are calling this the Big Data Age, which envelops IoT, AI and of course Blockchain. Before we bet to the much anticipated new rennaisance what some call the Imagination Age or Creative Age  — where creativity and imagination will become the primary creators of economic value. In contrast, the…

The Year So Far in Bitcoin World and How Investors Behave as Market Swings: An OKEx-Catallact Study

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Cryptocurrencies, especially Bitcoin have received their fair share of attention this year, thanks to increasing interest in digital currencies among traditional financial institutions and the pandemic-driven economic slowdown affecting economies and markets. The research division of leading crypto spot and derivatives exchange OKEx – OKEx Insights in collaboration with blockchain data firm Catallact has recently concluded a comprehensive study of transactions conducted over the Bitcoin blockchain to identify the prevailing investment trends in the sector. The study considered on-chain Bitcoin data from the month of January till the beginning of…

Aspen offers cheap resort rooms as real estate tokens struggle

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Despite the broader security token market booming in recent months, real estate tokens appear to be struggling amid the coronavirus pandemic. AspenCoin (ASPD), the digital security representing fractional ownership in 19% of a five-star 179-room hotel in Colorado, has announced discounts for token holders who stay at the resort to help boost sales. Aspen Digital is proud to announce loyalty program to token holders .⁦@TQTezos⁩ ⁦@tezos⁩ ⁦@tZERO⁩ ⁦@aspen_digital⁩ ⁦@ElevatedReturns⁩ pic.twitter.com/HWozPxA2Km — Stephane De Baets (@StephaneDeBaets) September 16, 2020 Holders of between 10,000 and 99,999 ASPD will be eligible for a…