Chainlink (LINK) Dump Erases $600 million in Market Value

Roughly $600 million in the market value of LINK tokens has been erased after a series of bulk sales triggered in July. Following a 4chan media blitz conducted by the Chainlink development team, valuations have fallen by nearly 60% (after reaching highs above $4.80 on June 29th). ChainLink Market Value Evaporates After Chainlink raised $32 million in its 2017 ICO, crypto analysts were already criticizing its skewed distribution metrics. Out of a total of one billion LINK, the development team held 650 million Links while allowing the 350 million remainder…

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) into national law by January. Unfortunately, they often go beyond what Brussels wants them to do. Also read: Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide German Regulations Chase Out…

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Market Outlook: Bitcoin Cash Spikes While Economic Fears Spread Worldwide

On Tuesday, August 13, most digital currency prices have dropped in value between 2-5% while crypto trade volumes globally have fallen to $46 billion in the last 48 hours. Despite the downturns across the board, bitcoin cash (BCH) is holding steady, up 2% today and now commanding the fourth largest market valuation. Also read: Twitter Crypto Scammers Continue to Fly Under the Company’s Radar The Top Digital Currency Markets Most crypto markets are in the red today as many popular digital assets have lost a few points over the last…

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Bitcoin ETFs Will Either Launch Or Die This October, SEC Confirms

The US Securities and Exchange Commission (SEC) must approve or disapprove at least two Bitcoin exchange-traded funds (ETFs) this October. 2-Month Countdown To Bitcoin ETF Decision In filings released August 12, the SEC chose to postpone final judgement on three ETFs it is currently considering. The offerings, sponsored by VanEck/SolidX, Bitwise and Wilshire Phoenix, all came before the regulator earlier this year.  “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient…

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Analyst Advises Ignoring Short Time Frames as Bitcoin is Going to $100k

Since its epic surge off the floor in early April, bitcoin has reached a level where it appears to be comfortable consolidating. This could continue for quite some time as one prominent analyst suggests. It might be time to ignore these choppy markets and focus on the bigger picture. Bitcoin In Slow Decline Bitcoin is on the slide again during the Asian trading sessioni today. From a touch of support turned resistance at $11,450, BTC turned south and has since declined almost 2% to an intraday low of $11,230 today.…

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UN: North Korea Cyberattack Methods Revealed

Following revelations that North Korea amassed $2 billion in cryptocurrency for weapons programs, a new report discloses further details. According to the United Nations, it is investigating a total of 35 North Korean cyberattacks in 17 countries. These reportedly follow one of three key attack vectors.  A North Korea In Cybercrime After last week’s UN report summary, the full version reveals the extent and geographical distribution of North Korea’s cyberattacks. According to the South China Morning Post, hackers targeted South Korea the most, with the UN investigating 10 attacks. India suffered three attacks,…

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Bitfinex Hack Bitcoin On The Move Again As 3-Year Dormant Period Ends

Bitcoin stolen from cryptocurrency exchange Bitfinex in 2016 has returned to the spotlight as some of the funds move to an unknown wallet. $340,000 of Bitcoin Leaves Hack Wallet According to monitoring resource Whale Alert, which publishes details of major cryptocurrency transactions on Twitter, just over 30 BTC known to have come from Bitfinex left its holding wallet on August 12. The move is the second for that portion of the hack, which in total involved 119,756 BTC (now worth $1.35 billion), after it entered the previous wallet as part…

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Is Bitcoin an Option In Argentina as Stock Market Collapses

There have been a number of cases recently where people have flocked to bitcoin as their own economies face uncertainty. China, Britain and Venezuela are the prominent examples but now Argentina may be added to that list as their currency and stock markets crumble. Stock Market and Currency Crushed Argentina is waking to fears of a full blown financial crisis today as the national currency and stock markets slump. In a surprise outcome to primary elections over the weekend, President Mauricio Macri’s demolition has rattled investors and caused an exodus…

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Analyst Looks to Blockchain Data to Explain Why Bitcoin is Still ‘Bullish’

Market analyst Jesus Rodriguez believes that investors should consider blockchain datasets when devising their Bitcoin investment plans. Blockchain data helps with crypto investing On August 12, Invector Labs chief scientist, Jesus Rodriguez, took to Hackernoon and made his case as to why he believes Bitcoin remains bullish despite correcting from $13,800. At the time of writing, Bitcoin continues to struggle to overcome $12,000 and technical analysis suggest the digital asset could drop to $10,800 – $10,600 over the short-term.  According to Rodriguez, the majority of speculation surrounding Bitcoin price has been focused on…

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PR: Decentralized Recurring Crypto Payments System Launched by Monarch Blockchain

Online service providers like Netflix and Hulu can now accept crypto for memberships and subscription services through an easy-to-integrate decentralized payment solution BLOCKCHAIN FUTURIST CONFERENCE — TORONTO — Aug 13, 2019 — Monarch, the decentralized wallet and suite of crypto services, has launched the first decentralized recurring payments system Until now, there’s been no way to automatically pay merchants in crypto on a recurring basis due to the limits of blockchain-based transactions. To solve this, Monarch developed a patent-pending permission-based smart contract system that pays one wallet address the same…

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