We asked for more context on the soundbyte statistic. An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries. The simple act of transferring money from one country to another — more formally known as remittance — is one economic […]
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Bitcoin finally broke below $9,000 but has managed to pare some loses prior to what will likely be a pivotal weekend that will determine where the price is headed. Bitcoin price (BTC) fell 5% today to a new weekly low at $8,660, a point which is also below the 200-day moving average which has been […]
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After launching Zcash in 2016, Electric Coin Company gave the Zcash trademark to the Zcash Foundation. Electric Coin Company (ECC) has donated the Zcash trademark to the Zcash Foundation. ECC created and launched the privacy-focused cryptocurrency Zcash (ZEC) in 2016, and will now own the trademark bilaterally with the corresponding foundation. ECC and the Zcash […]
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Several cryptocurrencies have turned down sharply from their overhead resistance levels. This is a sign of weakness. Though crypto markets are in a consolidation phase, the number of first-timers investing in this nascent space has almost doubled, according to data from Square Cash App. This is a positive sign as it shows that investors are […]
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Malaysia’s 2020 cash restrictions will affect everything except humanitarian aid and regulated financial institutions. Malaysia is planning to impose a $6,000 limit on cash transactions in 2020, according to a deputy governor at the country’s central bank. The new restrictions aim to prevent the use of cash in illicit activities, and won’t affect regulated financial […]
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After dipping below the $9,000 threshold, Bitcoin continued to see downward trend, down 5.6% over the day at press time. Falling below $9,000, Bitcoin (BTC) has seen another dip today and its price dropped over $200 in an hour. Alongside Bitcoin, the top 20 cryptocurrencies by market capitalization are seeing major losses of nearly 10% […]
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Veteran trader opens a FOMO position on Stellar Lumens and a few other altcoins while Bitcoin price continues to trade sideways and numerous top-10 cryptocurrencies post gains. Altcoins have been inching their way deeper into my trading routine and this seventh entry of the crypto trading journal features a newly opened position on VeChain (VET), […]
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Chinese police are holding the founder of Bitmain rival MicroBT over suspected allegations of intellectual property infringement. The founder of Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen Police to assist in an investigation, according to a local news source. Police are likely to be questioning Zuoxing Yang over […]
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In a post revealing Foodgates, its new blockchain food tracking system, VeChain said it would directly benefit from Chinese pro-blockchain sentiment. Singapore-based blockchain application platform VeChain has unveiled a new blockchain tracking system for the food and beverage industry. In a blog post on Nov. 7, the company confirmed it was working with food certification […]
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Crypto companies will need to comply with FATF regulations by June 2020, but there are still many potential stumbling blocks. For better or for worse, the cryptocurrency space is coming of age. Since Bitcoin’s rise to mainstream prominence in 2015, there has been increasing recognition of digital assets from government agencies around the world. In […]
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