Day: January 1, 2021

Congresspeople chastise the Treasury for rushing new crypto monitoring proposal

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Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses.  The Thursday letter is in response to the Treasury’s recent proposal to make registered crypto businesses hold on to more customer information, especially when transacting with self-hosted wallets. The proposal has been met with widespread outrage from the crypto community. Among grievances, many cite the fact that Mnuchin is pushing this rule out just weeks before the administration of Joe Biden comes into power, and with it his likely replacement, Janet Yellen.  Accompanying…

Is DeFi market just starting its rally? Cryptocurrency market explained

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is DeFi market just starting its rally? Cryptocurrency market explained. BUY DEFI HERE: In this video, I explain whether the defi cryptocurrency market is just starting its rally or whether we can expect price drops! We explain the operation of the cryptocurrency market, as well as the related defi market ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

What Are Ripple’s Chances of Beating The SEC in Court?

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Just weeks ago, XRP was outperforming Bitcoin, and everything Ripple related was coming up roses. However, less than 10 days ago, all of that came crashing to an abrupt end. It emerged that the U.S. Securities and Exchange Commission (SEC) was building a case against Ripple, and its two most senior executives, over securities fraud. “The complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in an unregistered securities offering to investors in the U.S. and worldwide. Ripple also allegedly distributed…

Alleged ‘kingpin’ of a 25M rupee Indian crypto scam arrested at Delhi airport

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A 60 year-old man was arrested at Indira Gandhi International Airport in Delhi on Dec. 31, for allegedly heading a 25 million rupee ($340,000) cryptocurrency scam. Umesh Verma, a former jeweller and greeting card maker, was held by the Economic Offences Wing of Delhi police after arriving from Dubai. Police allege that Verma, along with his son Bharat, convinced hundreds to invest in a scheme going by the name of Pluto Exchange, promising monthly returns of 20 to 30%. The scheme issued a ‘cryptocurrency’ called Coin Zarus in exchange for…

FIRST GAP FOR RIPPLE XRP Price Chart has been closed and I WON A BET BEFORE SECOND TARGETS ARE MET

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Top trends and predictions on what may come

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Propelled by Bitcoin’s record-breaking rally, the crypto industry is seeing off 2020 with flying colors. Amid all the tumult of this unprecedented moment in history, the digital asset space seems to have proven its resilience, making a solid case for becoming a safe haven in an increasingly uncertain world.  Among other advancements, the outgoing year saw the continued expansion of institutional and mass adoption. So, is this trend expected to continue in 2021, and what factors will shape the dynamics of crypto adoption across various sectors of the industry in…

Ben Goertzel: Lessons in Failing to Apply Blockchain and AI to Combat COVID

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This year 2020 has seen quite a variety of exciting developments in the blockchain space. To name just a few: the emergence of decentralized finance (DeFi) and nonfungible tokens (NFTs) as major economic forces and sources of crypto network user tractions, the maturation of layer 2 Ethereum solutions and the rollout of a variety of new blockchain releases with favorable scalability properties.    While all this technical progress has been unfolding, the world at large has been reeling from a tiny virus that has turned into one of the largest social…

Bitcoin price faces the last roadblock before $30,000

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The price of Bitcoin (BTC) has reached a new all-time high above $29,400 across major exchanges on Jan. 1. In other words, BTC is just 2% away from reaching the psychological resistance level at $30,000. Breaking $30,000 could fuel renewed confidence in the market with the last remaining technical roadblock right below this level.  BTC/USDT 4-hour price chart (Binance). Source: TradingView.com Hence, in the near term, sellers would look to defend the $30,000 resistance level with stacked sell orders. Exchange order books show large sell orders in the $29,800 to $30,000…

Dash announces new update, social payment wallet enters testnet

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Dash has moved development work on the v0.17 of its platform to the testnet phase according to an announcement released on Wednesday. Back in July, Cointelegraph reported that the Dash Core Group was looking to release the platform testnet before the end of the year. As part of the announcement, Dash revealed that the testnet environment being five times larger than Evonet which is almost exclusively owned by the Dash Core Group. According to Dana Alibrandi, the head of product at Dash: “This is the biggest deployment of Dash Platform,…