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With the bear trend of early 2018 having witnessed losses not seen in the cryptocurrency markets since 2014, it can be easy to lose track of the meteoric gains produced by the leading virtual currency markets over the span of just a few years. When comparing current prices to those listed on Coinmarketcap’s historic snapshot from the 17th of May, 2015 – the peak of bitcoin’s previous winter – one can see that bitcoin has produced price gains of over 3,000%, whilst the value of the then-top four altcoins have…

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The price of BNB has rapidly increased following the announcement from Binance that the popular exchange will be doubling its referral commission rewards under certain conditions. Tell Your Friends The Malta-based exchange has announced that it will be doubling its referral commission rewards to 40 percent for qualified accounts. Accounts eligible to receive the increased commission rewards are those which hold 500 Binance Coins — approximately $7355 at the time of this writing. Writes the Binance Team in an official statement: Binance will double referral commission rewards to 40% for all accounts…

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It is perhaps easy to get lost in the constant flurry of activities within the burgeoning cryptocurrency market. From government crackdowns to new crypto launches, the arena can seem like a swirling vortex of entropy. Bitcoin, the number one digital currency remains the focal point of the industry. Here are four reasons why Nakamoto’s creation is destined for even greater heights in the future. The Simplicity of the Bitcoin Blockchain Bitcoin was the first successful implementation of the distributed ledger framework via a blockchain. Since its creation, there have been…

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Reuters reported Switzerland is formally considering the possibility of a state-backed cryptocurrency. Its government has asked legislators commission a study on the pros and cons of a Swiss “e-franc.” Also read: Alec Baldwin’s Lambo Movie Backed by Crypto Tech Switzerland Considers State Backed E-Franc Switzerland’s Federal Council explained why it was asking for a formal study of state backed cryptocurrency. “The Federal Council is aware of the major challenges, both legal and monetary, which would be accompanied by the use of an e-franc. It asks that the proposal be adopted…

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A seasoned counselor at the People’s Bank of China (PBoC) maintains that the control for currency issuance should remain within the government. The senior official also said that blockchain technology must remain astray from finance. His statements come despite the country’s intentions to create a state-owned cryptocurrency. Decentralization is Bad Spoken like a flat-out banker, Sheng Songcheng, a senior counselor to PBoC with more than two decades of experience, said that blockchain-based technology needs to stay away from the financial sector: My views on the blockchain are, first, blockchain should…

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The project that’s building a network for decentralized applications layer for the internet, Blockstack, has announced the launch of a new universal Dapp (decentralized application) store called App.co. The aggregated list of roughly 138 ecosystem-wide applications that offer utility by harnessing the benefits of decentralized technologies like blockchain, cryptocurrencies, IPFS, Zeronet, and more. Also read: EU Adopts Rules to Reduce Anonymity for Crypto Users App.co: An Aggregated List of Decentralized Applications One thing is for sure the internet is heading more and more towards a decentralized path every day. The…

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With institutional investment being something of a major theme in the blockchain space these days, financial advisors better start studying up on cryptocurrencies and their underlying technology – and fast – lest they risk losing their clients.  ‘It’s Really Here to Stay’ JP Morgan chairman Jamie Dimon once called Bitcoin a “fraud,” and Vanguard CEO Tim Buckley once told CNBC, “You will never see a fund from Vanguard on bitcoin.” Their loss. Despite a slew of negativity from high-profile individuals in the world of investment banking, Bitcoin and other cryptocurrencies are an…

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In the wake of Cambridge Analytica improperly acquiring the data of up to 87 million Facebook users, the social media giant is exploring how blockchain could decentralize its network to protect user data or even possibly create a cryptocurrency. A new report published today has experts speculating about what Facebook is developing. ‘Counter-Trends’ CEO Mark Zuckerberg confirmed in his New Year post that Facebook was exploring “counter-trends” to centralized networks, including encryption and cryptocurrency. In the post, Zuckerberg said: A lot of us got into technology because we believe it…

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Russia’s Prime Minister Dmitry Medvedev has shed some light on the progress authorities are making towards adopting the long-awaited crypto regulations. Legislators will replace common words like “cryptocurrencies” and “tokens” with legal terms such as “digital money” and “digital rights”, he revealed. Two draft laws have been filed in the Duma. One of the bills is scheduled for first reading next week. Also read: EU Adopts Rules to Reduce Anonymity for Crypto Users Replacing “Slang” with “Strict Legal Concepts” The work on the Russian crypto regulations has been going on…

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In a surprising turn of events, the US Securities and Exchange Commission has launched its own initial coin offering dubbed HoweyCoins. ‘A Hot Investment Opportunity’ Anyone looking for a hot new initial coin offering (ICO) should look no further than the US Securities and Exchange Commission’s brand new token sale for HoweyCoins. States the regulatory authority in an official press release: If you’ve ever been tempted to buy into a hot investment opportunity linked with luxury travel, the Securities and Exchange Commission has a deal for you. Check out the…

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