Among the numerous issues that will define the 2020 U.S. presidential election, the topic of Bitcoin and blockchain technology is inching its way to the forefront. Indeed, in varying degrees, top democratic presidential contenders have already referred to Bitcoin and its technology. Andrew Yang’s Vision Is Consistent with Crypto Community Among the democratic candidates, Andrew Yang has taken the most innovative stance on issues since announcing his run for president. He has not avoided discussing cryptocurrency-related topics. Most recently, during an interview on The Coin Chat show, Yang declared, “My…
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How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash
On August 21, James Cramer, the developer behind the Simple Ledger Protocol (SLP), announced the launch of the Electron Cash SLP version 3.5. The latest release allows people to create a new type of SLP token called NFT1, a non-fungible token that can be grouped together by a single ID. The advanced form of SLP token creation allows people to use the system to create unique assets like gaming items, collectibles, and digital media rights. Also read: Social Network Memo Adds Decentralized SLP Token Exchange How to Create an NFT1…
Read MoreResearch Shows Low-Quality Exchanges Dominate Crypto Trading Volume
Crypto exchanges with the lowest rating still dominate the industry, according to crypto analysis and pricing data provider, CryptoCompare. D-E Rated Crypto Exchanges Account for 64% of Trading Volume On Wednesday, CryptoCompare published a report on crypto exchange’s activity in July. According to the research, exchanges with lower ratings accounted for about two-thirds of the trading volume last month. This may be due to the lighter know-you-customer (KYC) verification procedures, if existent at all. The rating is based on CryptoCompare’s proprietary exchange benchmark grading. It rates platforms based on their…
Read MoreSmokescreens and Mirrors: How Does a Country Do an ICO? They Call It QE
Financial regulators all around the world have been cracking down hard on ICOs for promising more than they can deliver. At the same time governments and central banks are pulling off far worse scams, such as QE, wiping out the savings of everyone that depends on them. To hide this fact they use obscure economic jargon to confuse and distract the public, with the latest term being negative yields. Also Read: Peso Collapse Shows Governments Shouldn’t Control Money Germany Buys Its Own Debt at Zero interest Wednesday, 21 August, will…
Read MoreChina May Release Libra Competitor Before Facebook Launches It, Report
Facebook’s Libra may be facing multiple threats from regulators, but the same critics are now racing to beat the social media giant at its own game. Experts: Chinese Libra May Come First The US, China and European Union are all concerned about Facebook’s digital currency. According to fresh reports, however, it is China which is now looking to release its own competitor before the Libra currency itself debuts. As local English-language news outlet China Daily revealed on August 20, unnamed experts consider it increasingly likely Beijing will put its central-bank…
Read MoreHow Bitcoin Demand is Driven by Central Banks Devaluing Their Currencies
The demand for bitcoin has certainly been tangible over the past few months. Even with a correction of around 30% the digital asset is still up over 160% this year. That growth could have been spurred by central banks devaluing their own currencies as economic skies darken. Big Banks Boosting Bitcoin Demand and fervor for bitcoin is most prevalent in Asia. Trading on markets during the Asian time zone has dictated the mood for the rest of the day elsewhere on countless occasions. China is one of the leading players…
Read MoreSegwit Creator Introduces Optimized Language For Bitcoin Smart Contracts
Bitcoin Core developer, Peiter Wuille, has introduced a new programming language called Miniscript, to simplify smart-contract development for Bitcoin. One of the most prolific and respected Core-developers, Wuille is responsible for the creation and implementation of Segregated Witness (SegWit). ‘Miniscript’ Is Like An Enhanced ‘Script’ For Bitcoin Miniscript is built on top of the existing Script language for Bitcoin smart contracts and aims to optimise it. Script allows the specification of certain conditions which must be met in order for bitcoin to be spent. This could be a time-limit, before…
Read MoreMajor Swedish Bank Orders Negative Interest Rate on Euro Deposits
Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right now, unlike cryptocurrencies lately, leads to losses, although loans and mortgages aren’t free of charge per se. A leading Swedish bank has imposed a negative interest rate of -0.40% on euro accounts, while the ECB is reportedly preparing for a new…
Read MoreThree Reasons Why Bitcoin Price is Back Under $10K… Again
The early week’s run-up in the bitcoin price has continued to run out of breath as BTC dips back under five figures. The BTC/USD instrument settled a session low of $9,841.59 at around 16:05 UTC today, establish its five-day low. The pair moved downwards despite having full-backing of strong fundamentals. Late last week, Intercontinental Exchange’s cryptocurrency arm, Bakkt, announced that it had received regulatory approval to launch its bitcoin futures contracts. The platform even finalized the launch-date on September 23, raising hopes of attracting institutional capital to the bitcoin markets.…
Read More‘Foolish’: Crypto Fund CEO Warns Against Bitcoin Maximalism Narrative
Cryptocurrency politics is focusing on Bitcoin at the expense of altcoins, but a flip could occur any time, an industry investor has warned. Simpson: Don’t Pin All Your Hopes on Bitcoin That was the conclusion from Arianna Simpson, founder and CEO of crypto and blockchain-focused investment fund Autonomous Partners. In a discussion on social media August 22, Simpson said sentiment favored Bitcoin over altcoins now, but that status quo has changed multiple times and could do so again. “The general crypto narrative seems to be drifting back to bitcoin maximalism,”…
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