Day: November 13, 2020

$3 ADA? | Update to Daedalus | Cardano Goguen & Smart Contracts | Cheeky Crypto Live

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โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io In this Cardano video we take a look at the latest update to Daedalus. We also take a look at the ADA price and the ADA analysis of the chart. We believe that the ADA price will increase in value over the next few weeks and will be a great return on investment in the long term. Have you invested in Cardano and the ADA token? One Analyst thinks it will reach $3 by 2025 and others believe it will be over…

Updated ICO statement on recommendations published by the European Data Protection Board following the Schrems II case

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An ICO spokesperson said: โ€œWe are reviewing the two recommendations published by the European Data Protection Board (EDPB) following the CJEU Schrems II ruling in July. The judgment confirmed how EU standards of data protection must travel with personal data when it goes overseas. ย โ€œThe first recommendation updates the European Essential Guarantee for surveillance measures. โ€œThe second has been published for public consultation and looks at the extra measures organisations may take to support the international transfer of data to meet EU standards, and is out for public consultation. โ€œThis…

Bakkt’s Bitcoin and Crypto App Opens its Doors to Early Testers

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Quick take: Bakktโ€™s Bitcoin and Crypto app is now available to those who signed up for early access Current features include cash (USD) deposits/withdrawals and Bitcoin trading More features will be added with time Early users/testers have been requested to give feedback The Bakkt mobile app is one more giant step towards Bitcoin and crypto adoption The highly anticipated mobile app by Bakkt is now available for those who signed up for early access. Participants of the early access program were notified of the availability of the Bakkt app via…

Binance Enjoys $300M Inflow from Huobi Following Exchange Crackdowns

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According to a report, close to $300 million equivalent to 18,652 BTC has been moved from Huobi to Binance from the time the Chief Operating Officer of Huobi Robin Zhu disappeared on November 2, 2020, to November 11, 2020.ย  Binance has become the next destination of the huge migration of users from the Huobi exchange and other China-based cryptocurrency exchanges following the recent severe crackdowns staged by the Chinese government. According to a report, there has been a record amount of $300 million inflow from Huobi to Binance as Chinese…

Ripple Is Up with New Trademark โ€˜PayStringโ€™

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Amid the growing concerns about relocating its corporate headquarters due to regulatory concerns, Ripple Labs has filed a new trademark PayString. Ripple Labs Inc has filed a new trademark with the United States Patent and Trademark Office (USPTO) for a business entity dubbed PayString. According to the data on the USPTO platform, the Ripple PayString filing was made on November 6th and the trademark has a mark that consists of a stylized circle design with four lines radiating from it. The trademark appears not to bear a more different product…

‘Banks will have to adjust’ to crypto, says Bank of England leader

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Blockchain and digital assets offer folks the ability to store their own assets, possibly threatening the solution banks offer. Making sure banks remain relevant is not on England’s central bank to-do list, however, according to the Bank of England’s deputy governorย Jon Cunliffe. โ€œOur job is not to protect bank business models,โ€ Cunliffe said, as reported by a Friday Reuters brief. โ€œBanks will have to adjust,” he added. “Our job is to ensure that if bank business models change, we manage the financial and macro-economic consequences of that.โ€ย  Cunliffe posited it…

President Xi Jinping Solely Responsible for Ant Groupโ€™s Halted IPO

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The move by President Xi Jinping to halt the Ant Groupโ€™s IPO may take a subtle backing from the need to beat down competition for the soon to be launched Digital Currency Electronic Payment (DCEP) system. President Xi Jinping, the Chinese President and leader of the China Communist Party (CCP), has been named as the sole government official who stopped the Initial Public Offering (IPO) of Ant Group, billed to make its dual public listings on the Hong Kong Stock Exchange as well as the Shanghai Stocks Exchange. According to…

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Bitcoin Nears Its All-Time High Price as Market Cap Dominates

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The Bitcoin market capitalization which was hovering around $300 billion and conquered 65% of the total market cap moved the digital asset into the list of first 20 major assets. Bitcoin price in the last 24 hours experienced an impressive run that took it to the near $20,000 all-time high price, the market cap has reached $300 billion. Just as expected, its market cap was very dominant, controlling over 60% of the total cryptocurrency market cap. The recent run did not just set a new yearly record but got the…

How the US election may impact Bitcoin price

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With Joe Biden poised to be the next president of the United States, Cointelegraph Consulting reflects on how traditional assets have responded to the election of a Democratic candidate. Historically, Democrats have been bullish for gold, as the common perception is that more unbacked money gets printed under Democratic leadership, further debasing the dollar. In the short term, Bitcoin (BTC) has already strongly benefited, increasing by 10% since election day so far. The latest findings by Santiment, published in Cointelegraph Consultingโ€™s biweekly newsletter, indicate that long-term Bitcoin holdersโ€™ average profits…