POTUS Candidate Yang Wants Blockchain Voting Despite Security Flaws

Blockchain voting is an essential upgrade to US elections, 2020 presidential candidate Andrew Yang has said. Yang: Standing In Line To Vote ‘Ridiculous’ Currently causing a buzz on social media, Yang’s proposal would see traditional in-person voting replaced by a Blockchain alternative. It forms the latest in a series of policy stances for the Democrat, who has to date raised $3.5 million for his bid to enter the White House.  In addition to Blockchain, Yang has championed cryptocurrency itself, promising to create transparent national legal frameworks to address the patchwork…

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Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set

After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume hearing the case. Also read: Central Banks Worldwide Testing Their Own Digital Currencies The Crypto Hearing Resumes The Supreme Court of India resumed hearing the case against the crypto banking ban by the central bank Wednesday after spending all day…

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Facebook Faces Fresh EU Scrutiny As WhatsApp Edges Closer To Mobile Payments

The European Union is actively probing Facebook’s Libra digital currency project for competition law violations, mainstream media report. Facebook’s Libra Has ‘Potential Anti-Competitive Behavior’ According to Bloomberg, which cited official correspondence August 20, the European Commission is quizzing Libra participants via a dedicated questionnaire. The document originally appeared earlier this month, and forms Libra’s latest scrutiny by international regulators. The focus of the enquiries is “investigating potential anti-competitive behavior,” Bloomberg quoted officials are stating. In particular, it is Facebook’s spin-off in charge of administering Libra, the Libra Association, which now…

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Cryptopia Liquidation: Hacked Bitcoin Exchange Didn’t Use Individual Customer Wallets

Grant Thornton, the liquidators of hacked New Zealand Bitcoin exchange Cryptopia, have released an update on the progress made thus far. Cryptopia Used Co-mingled Crypto Wallets According to a statement released on its website on Wednesday (August 21, 2019), Cryptopia didn’t use individual crypto wallets. Instead, the Bitcoin exchange platform pooled customer funds into co-mingled coin wallets. Thus, the liquidators are facing a difficult time determining the amounts held by customers. Furthermore, Grant Thornton says it has to manually reconcile pooled wallet data with customer data information. An excerpt from…

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PR: Kinesis Partners With Hardware Wallet Provider CoolbitX

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. 21/08/2019, London: Kinesis is proud to announce a partnership with CoolBitX Technology, the developers of the world’s first credit card-sized hardware wallet, the CoolWallet S. This partnership will enable Kinesis digital currencies, KAU (1-gram gold) and KAG (1-ounce silver), along with the Kinesis Velocity Token (KVT) to be stored on the CoolWallet S…

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Another Slump For Bitcoin As Bear Market Indicators Loom

Bitcoin’s range bound pumps and dumps have become commonplace over the past six weeks. Another slide a few hours ago should not be cause for alarm then as BTC failed to register further gains. It is now in danger of heading back into four figures for the fifth time. Four Figure Bitcoin in Play … Again Another day, another dump. It is a pattern we have seen countless times this year as bitcoin bounces between levels of support and resistance. Yesterday’s high of $10,840 could not be maintained and there…

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Bitcoin’s Safe Haven Status Now More Relevant Than Ever

Bitcoin has consolidated its safe-haven status especially amid the mass demonstrations in Hong Kong and global uncertainty, Circle CEO Jeremy Allaire hinted in an interview with CNBC’s Squawk Box. Circle CEO Sees Increased Demand from Holders On August 19, Circle’s Allaire said that investors were still attracted by non-sovereign digital assets such as Bitcoin. The coin’s safe-haven status becomes more evident despite the recent bearish mood. Last week, Bitcoin broke below the $10,000 on Thursday and again on Friday. The coin hit the weekly low on August 15 at $9,685,…

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Bitcoin Price Analysis: BTC Rally Set For $12,000 Next Week

Over the last 5 days, Bitcoin has bounced off the 0.382 Fibonacci level as mentioned in my previous analysis. Since then price levels have risen sharply testing resistance just shy of $11,000. An influx of new volume could propel price levels to $12,000 next week. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the formation of the recent ascending wedge. Similar to a rising wedge, however different in the sense that ascending wedges form prior to a down-trend and rising wedges form prior to an…

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High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate

On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt Whatsminer M20S, generating a whopping 68-70 terahash per second (TH/s). Also read: Another Self-Proclaimed Satoshi Fails to Sway Crypto Community Bitcoin’s Hashrate Keeps on Climbing After the birth of application-specific integrated circuits (ASICs) built for…

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Another Case For Bitcoin as Billions Vanish From Savings Accounts Ghana

As many as 70,000 people could be facing financial ruin as a massive crackdown sweeps across Ghana’s banking system. It serves as yet another stark warning that governments and banks are in full control of people’s money. Only decentralized assets such as bitcoin would be immune from such monetary madness. State ‘Cleanup’ Wipes Out Billions According to reports a massive ‘cleanup’ of Ghana’s banking system has left tens of thousands of people wondering where their savings have gone. The crackdown has reduced the number of lenders by a third, and…

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