China’s Orwellian Cashless Payments Show Why Bitcoin Is Freedom

Like a scene from an Orwellian nightmare, authorities in Shenzhen China show where the future of centralized cashless payments is headed. And it isn’t pretty. Centralized Cashless Payments in China China is known for its high rate of technology adoption. Of the 2 billion or so smartphones around the world, two-thirds of them are in China. Unlike most users in the West, Chinese smartphones are particularly popular for making instant cashless payments. Just about everyone accepts mobile payments, from small street vendors to homeless people. Up until now, Chinese using…

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Why Bitcoin Price Would Skyrocket If Andrew Yang Becomes President

Andrew Yang, the pro-Bitcoin 2020 US presidential election candidate, wants to pay every adult American a universal basic income (UBI) of $1000 a month, which would likely be very bullish for bitcoin price. Bitcoin Price Would Benefit From UBI Yang, who will run as a Democrat candidate, is a self-described “serial entrepreneur” and “opposite” of current president Donald Trump. His social support scheme, funding for which is currently a hot topic of debate on social media, he has called the ‘Freedom Dividend.’ “Universal Basic Income is a policy where every…

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Bitcoin Market Dominance is Actually Over 80%, New Research Finds

Bitcoin market dominance or BTC’s percentage of the total market cap may not be the best way to get an accurate picture of the market, according to new research. Market Share vs Market Dominance There are certain Bitcoin metrics that we all understand; the price, the circulating supply, the market cap. And then there’s market dominance, which is BTC’s percentage of the total market cap of all cryptocurrencies. But what if we’ve all been wrong on this last one? When considering Bitcoin’s ‘Market Dominance’, we generally go to the measure…

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Mercado Livre Bans Cryptocurrency Listings Following $750 Million Investment From Paypal

Cryptocurrency listings have been prohibited from publication on Mercado Livre, also known as Free Market, following a $750 million investment into the platform from Paypal. Just prior to the announcement, more than 10,000 listings relating to virtual currencies were identified on the platform. Also Read: Why Africa Continues to Lag Behind in Cryptocurrency Adoption Latin America’s Largest Marketplace Bans Crypto Asset Listings Mercado Livre, the largest Latin American e-commerce marketplace by number of visitors, has prohibited the listing of advertisements offering the sale of cryptocurrencies on the platform. The news…

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Binance CEO Hints BNB Token ‘Hodlers’ May Get Launchpad VIP Access

Following Celer Network’s ‘successful’ token sale on Binance Launchpad, Binance CEO Changpeng Zhao has hinted that a new model where BNB holders will get first dibs on new token launches may be in the works.  Celer Network Sale ‘Success’ Binance Launchpad concluded its third token sale for the year. The project, called Celer Network, sold out its planned supply of almost 600 million CELR tokens in a little less than 18 minutes. The event raised a grand total of $4 million. Bitcoinist reported earlier this year on BitTorrent’s ICO launched through Binance’s…

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Markets Update: BCH Holds Above $150, RVN and XTZ Explode

In recent market action, bitcoin core (BTC) has struggled to hold above $4,000 following four consecutive green weekly candles, while bitcoin cash (BCH) appears to be consolidating above $150 after comprising the best performing of the 10 largest crypto assets by market cap of the last seven days. In other news, ravencoin (RVN) and tezos (XTZ) are among the highest capitalized top gaining markets of the past week. Also Read: 8 Useful Browser Extensions for Cryptocurrency Users BTC Consolidates at $4,000 Following four weeks of green weekly candles, BTC is…

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Ethereum ‘Will Be Better’ If Price Goes Up, Concedes Vitalik Buterin

ETH price indeed matters for the development of the Ethereum, says Vitalik Buterin, who also notes that if the price is zero, then the network cannot be secure.  Ethereum Price Matters Says Vitalik Buterin Speaking to a full house at the Columbia Journalism School on Wednesday, March 20th, Ethereum co-founder, Vitalik Buterin, stated that the price of the Ethereum token (ETH) 00 must sustain its high level to ensure that the Ethereum ecosystem continues to develop. The 25 year old Russian-Canadian programmer explained to host Laura Shin that many of…

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In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

Mt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies. Also read: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory Mt. Gox Trustee Completes Review of Claims The rehabilitation trustee in the Mt. Gox case, Nobuaki Kobayashi, has completed the review of the claims…

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Tim Draper-Backed Tezos Soars 70% In Three-Day Bull Run

Embattled DApps and smart contracts platform Tezos has become an unlikely trading hit this week after its XTZ token delivered sudden 70 percent returns. Tezos Traders Go From Rags to Riches Data from CoinMarketCap confirmed XTZ’s abrupt bull run, which began March 19. After trading at just under $0.50 for an extended period, XTZ/USD 00 shot up to a peak of more than $0.83, delivering three-day gains of 70 percent. The performance marks a dramatic change for the token, which had previously traded rangebound between $0.33 and $0.49 since early…

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China Favors Tron and EOS in New Crypto Ranking But Downgrades Bitcoin

China’s Center for Information and Industry Development has released its latest crypto project ranking. Tron and EOS top the list out of the 35 crypto projects evaluated while Bitcoin has been downgraded slightly. The center also evaluated the projects independently based on basic technology, applicability, and creativity. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval March Ranking The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 11th update of its crypto project ranking report on Friday. The…

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