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Archive for October 2019

Market Mostly Trades Sideways as Bitcoin Price Hovers Around $9,100

Market Mostly Trades Sideways as Bitcoin Price Hovers Around $9,100

Thursday Oct. 31 — Cryptocurrency markets are largely trading sideways with most changes among the top-20 coins not exceeding 1% on the day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been trading sideways for the better part of the day and continues to circle around the $9,100 price mark. The coin bounced off a…

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Bitcoin Needs 'Real Use Cases' to Become Digital Gold, Says ICE Chief – CoinDesk

Bitcoin Needs 'Real Use Cases' to Become Digital Gold, Says ICE Chief - CoinDesk

Bitcoin might become “digital gold,” but first it needs to be used more in everyday business, Intercontinental Exchange’s chief executive said. During a quarterly earnings call Thursday, ICE head Jeffrey Sprecher said that he sees use in transactions as the prerequisite to bitcoin becoming a long-term store of value. The company’s Bakkt subsidiary, which runs a…

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Proof-of-Work Doesn’t Solve Every Blockchain Use Case

Proof-of-Work Doesn’t Solve Every Blockchain Use Case

The Bitcoin white paper was published 11 years ago today, on Oct. 31, 2008, meaning that Bitcoin (BTC) is celebrating its 11th year of existence. From its humble beginnings to over a $300 billion market capitalization in 2017, the success of Bitcoin is truly a remarkable accomplishment.  What is Bitcoin? A question with many answers.…

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UK Banking Pilot Aims to Streamline Compliance Using Factom Blockchain – CoinDesk

UK Banking Pilot Aims to Streamline Compliance Using Factom Blockchain - CoinDesk

Crypto startup Knabu is piloting bank regulatory reporting with Factom, one of the earliest enterprise blockchain companies. Revealed exclusively to CoinDesk, the London-based firm is launching the 30-day pilot today. Knabu is best known as a payments company with a smart-deposit product meant to help companies mitigate the risks of self-custodying assets on a blockchain.…

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Zilliqa Offers $5M Fund to Oxford DLT Students to Support Diversity

Zilliqa Offers $5M Fund to Oxford DLT Students to Support Diversity

Singapore-based blockchain firm Zilliqa launches blockchain workshops in collaboration with Oxford University to encourage diversity in the industry. Together with Zilliqa, the Oxford Women in Computer Science Society (OxWoCS), an Oxford society that aims to support women in computer science, will carry out a series of interactive workshops called Blockchain A-Z, according to a press…

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Korean Presidential Committee Pushes to Legalize Crypto – Bitcoin News

Korean Presidential Committee Pushes to Legalize Crypto - Bitcoin News

A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Presidential Committee Pushes for Crypto Legalization…

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Regulators Hostile to Bitcoin Will Fall Out of Favor, Warns Samson Mow

Regulators Hostile to Bitcoin Will Fall Out of Favor, Warns Samson Mow

Hostility to Bitcoin (BTC) from the global regulators is a double-edged sword that can hurt authorities if they lose their power, the Blockstream Chief Strategy Officer (CSO) warned. During a panel at a Liquid meetup at Litecoin Summit on Oct. 29, Blockstream CSO Samson Mow predicted that regulatory restrictions to Bitcoin could have both favorable…

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