The US Treasury Secretary Steven Mnuchin recently announced the proposal of new rules to regulate the use of non-custodial cryptocurrency wallets. The new rules would require that anybody sending more than $3,000 in crypto must provide their identity and the identity of the recipient. Additionally, wallet providers must report any transaction exceeding $10,000 to the necessary regulators. Such rules already…
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You may have noticed a lot of chatter lately about the SPARK (FLR) airdrop for XRP holders, but what is it exactly? As most of you will already know, an airdrop is a method of distributing a cryptocurrency token in the early stages of launch as a way to get users on board. Unlike most traditional proof-of-work (PoW) projects that…
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The open standards project Utopia Genesis Foundation is planning the December launch of a blockchain platform that will allow musicians to sell their own music while maintaining rights and gathering data. The foundation was formed with the aim to provide an open and standardized process for the music industry to track, process and tokenize rights. As of today, the Utopia…
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Bitcoin’s overall market capitalization reached a new record high of $339.86 billion earlier today on November 18, 2020, according to data from leading analysis site CoinMarketCap. It’s previous highest market cap valuation was $336.43 billion, recorded on December 17, 2017, just before the famous 2018 crash and two-year long bear market that followed. The new record was set as the…
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A recent article from popular analysis and data firm Ecoinmetrics should give Bitcoin investors something to celebrate. According to a recent report, historical data reveals that Bitcoin typically provides its highest average returns in the month of November. A comprehensive graph accompanying the report shows that average returns throughout June, July and August are as little as 5%, with September…
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South African Andre Conje, developer of the y.Earn Finance (YFI) platform, has quietly launched a new decentralized project called Keep3r Network. The project is a decentralized job board designed to bring together developers in the blockchain space. Cronje launched the project on GitHub this week, with the Keep3r token KP3R enjoying immediate gains of 25% before consolidating briefly and then…
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The price of Bitcoin (BTC) has hit a new 15-month high following news that Paypal will be allowing US users to buy and sell cryptocurrencies. Bitcoin crossed it’s previous 2020 high of $12,481 today following a rally that started earlier this week and has seen the cryptocurrency add over $1,200 to it’s price. The last time Bitcoin was above this…
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The past few days have been good news for Bitcoin as multiple big name companies revealed their large Bitcoin investments. Most notably the mobile payment company Square, co-founded by Jack Dorsey of Twitter fame, recently invested $50 million into Bitcoin, buying 4,709 coins and making up 1% of its total assets. This follows news last August that the billion dollar…
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During last night’s shambolic U.S. Presidential Debate, the price of Bitcoin (BTC) rallied to nearly $11,000, giving many hope that a lack of faith in US politics might help boost the crypto market. However, overnight the price slowly receded to near previous levels around $10,700 where it had been most of the week. Noting last night’s gains, Dan Held, who…
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The world’s largest cryptocurrency exchange, Binance, has launched a line of Visa cards for customers in the European Economic Area (EEA). The EEA includes all the 27 European Union (EU) countries plus Iceland, Liechtenstein, and Norway but not Switzerland. The United Kingdom’s membership within the EEA may end on 31 December 2020, depending on the outcome of Brexit negotiations. Customers…
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