Monday, October 15Your Daily Bitcoin & Altcoin News Portal
Binance Launches Its First Fiat-Crypto Exchange in Uganda

Binance Launches Its First Fiat-Crypto Exchange in Uganda

BITCOIN
Please share if you find this article interesting. Binance Launches Its First Fiat-Crypto Exchange in Uganda Major international crypto exchange Binance has announced that its fiat-to-crypto exchange will open in Uganda this week, the company reveals Monday, Oct. 15. CEO and founder of Binance, Changpeng Zhao (CZ), had told Cointelegraph in an exclusive interview in June of plans to open the Ugandan crypto-fiat exchange. As per Binance Uganda’s press release, the new branch will officially start accepting deposits and withdrawals of Ugandan shillings (UGX) Wednesday, Oct. 17. Binance Uganda notes that exchange has already begun its know-your-customer (KYC) procedures. An additional press release reports that Uganda’s national fiat can only be traded with Bitcoin (BTC) and Ethereu
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The Fall of Tether and What It Means for the Cryptocurrency Markets – Bitcoin News

The Fall of Tether and What It Means for the Cryptocurrency Markets – Bitcoin News

BITCOIN
Please share if you find this article interesting. The Fall of Tether and What It Means for the Cryptocurrency Markets - Bitcoin News Markets and Prices The demise of Tether has been a car crash in slow motion. An unswervable event that has played out over the course of months, it has reached a crescendo in the past 24 hours, with tether slipping significantly from its dollar peg. It is possible, perhaps even probable, that it will regain parity with the U.S. dollar. But by then, the damage may have already been done. Also read: The Daily: Tether Sheds Its Peg The Beginning of the Endor the Start of a New Dawn? A cryptocurrency losing 10 percent of its value in a week would not normally be news. But when that cryptocurrency is a supposedly “stable” coin — and one whose very
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Fincen Warns of Iran Using Crypto to Evade Sanctions

Fincen Warns of Iran Using Crypto to Evade Sanctions

BITCOIN
Please share if you find this article interesting. Fincen Warns of Iran Using Crypto to Evade Sanctions Regulation The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian Bitcoin TransactionsEstimated at $3.8M Since 2013 The U.S. organization, known as Fincen, issued the warning in an advisory to assist U.S. banks and other financial actors such as cryptocurrency exchanges in identifying “potentially illicit tr
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Tether Tanks as Traders ‘Lose Trust,’ Other Cryptos See Price Boost

Tether Tanks as Traders ‘Lose Trust,’ Other Cryptos See Price Boost

BITCOIN
Please share if you find this article interesting. Tether Tanks as Traders ‘Lose Trust,’ Other Cryptos See Price Boost Monday, Oct. 15: Crypto markets are seeing solid growth, with virtually all of the major cryptocurrencies seeing green as of press time. An outlier in the space is “stablecoin” Tether (USDT), which has today lost its U.S. dollar peg and is trading well below its historical trading range as of press time. Market visualization by Coin360 Tether is currently trading at around $0.96, down about 3.05 percent on the day, according to CoinMarketCap. Although reasons for the USDT price plunge are not confirmed, there have been reports of an alleged loss of market trust leading to a possible sell-off: yesterday, a Bloomberg article suggested that investors are “losing fa
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Bitcoin Price Spikes But Bull Reversal Is Still $1K Away

Bitcoin Price Spikes But Bull Reversal Is Still $1K Away

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Spikes But Bull Reversal Is Still $1K Away Bitcoin (BTC) spiked to multi-month highs Monday likely due to a sell-off in tether (USDT), but a bullish reversal is still not confirmed, technical charts indicate. The leading cryptocurrency jumped to a 2.5-month high of $7,788 at 06:45 UTC on Bitfinex – the cryptocurrency exchange, which manages Tether LLC, the firm that developed the USDT token. Interestingly, the stablecoin USDT was down 2 percent just before BTC picked up a bid at 05:00 UTC and fell further to an 18-month low of $0.925284 at 07:00 UTC, as per CoinMarketCap. Investors seem to have moved money out of USDT and into bitcoin and other cryptocurrencies on a fresh round of doubts over whether the stablecoin
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Bitcoin Explodes to $7,000 within 24 Hours; What Caused the Short-Term Rally?

Bitcoin Explodes to $7,000 within 24 Hours; What Caused the Short-Term Rally?

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Explodes to $7,000 within 24 Hours; What Caused the Short-Term Rally? After months of bearish action, the Bitcoin price on Monday soared above $7,000 within a matter of hours.BTC/USD bounced from $6,269 earlier today to establish fresh highs towards $6,950, according to CoinMarketCap, adding approximately $9 billion to its market cap. On some exchanges, including Hong Kong-based BitFinex, the pair skyrocketed above $7,000.Weak USDT Pumps BitcoinThe circa ten percent jump was waved by the sell-off of USDT, a USD-pegged token, which didn’t exactly remain pegged to the greenback. The controversial stablecoin dropped to as low as 85 cents amidst a growing bearish sentiment against it which benefitted its quote currencies. The
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Sony Develops Blockchain Solution for Rights Management with Internal Partnerships

Sony Develops Blockchain Solution for Rights Management with Internal Partnerships

BITCOIN
Please share if you find this article interesting. Sony Develops Blockchain Solution for Rights Management with Internal Partnerships Japanese technology multinational Sony revealed it is working on a blockchain-powered extension of its digital rights management system Monday, Oct. 15. The project is a joint endeavor with both Sony Music Entertainment Japan and Sony Global Education. The as yet unnamed project — the commercialization of which is currently being “considered” — specifically targets “managing rights-related information of written works.” The announcement comes around a year after Sony announced its original blockchain product for education data, when it partnered with fellow technology giant IBM. The press release notes that this “new system” is built off of Sony an
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The Daily: Tether Sheds Its Peg – Bitcoin News

The Daily: Tether Sheds Its Peg – Bitcoin News

BITCOIN
Please share if you find this article interesting. The Daily: Tether Sheds Its Peg - Bitcoin News The Daily What kind of a world are we living in when bitcoin and tether, two of the stablest currencies in the cryptosphere, break out at the same time? Bitcoin is headed north while tether has taken a tumble in events that are closely linked. Of course, there’s other news in this edition of The Daily, like an NBA star selling his sneakers for bitcoin, but there’s only one story that’s got everyone talking: the crazy, topsy-turvy tale of tether, the stablecoin that couldn’t keep its peg. Also read: Report: Barclays Drops Plan for Cryptocurrency Trading Desk Tether Slides, Bitcoin Glides After enduring months of scarcely moving — BTC because it was trapped within a tight range an
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IBM’s Blockchain Patents: From Food-Tracking and Shipping to IoT and Security Solutions

IBM’s Blockchain Patents: From Food-Tracking and Shipping to IoT and Security Solutions

BITCOIN
Please share if you find this article interesting. IBM’s Blockchain Patents: From Food-Tracking and Shipping to IoT and Security Solutions The adoption of blockchain technology is slowly taking shape across a multitude of industries. At the forefront of the amalgamation of payment systems and logistics is US tech giant International Business Machines Corporation (IBM), which has established itself as a leader in terms of blockchain-based products and offerings. The latest developments aim at the logistics sector – but IBM has been keen on blockchain for over 5 years that reveals a slow and steady approach to the adoption of enterprise-scale blockchain solutions. Exploring the Internet of Things Their beginnings in the space were focused on research on the capabilities of blockcha
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‘Too Many Disappointing ICOs’. Crypto Payment Startup Launches With ‘No Funding’ Strategy

‘Too Many Disappointing ICOs’. Crypto Payment Startup Launches With ‘No Funding’ Strategy

BITCOIN
Please share if you find this article interesting. ‘Too Many Disappointing ICOs’. Crypto Payment Startup Launches With ‘No Funding’ Strategy The team behind a new cryptocurrency platform designed to transfer the way consumers and businesses are paid, says it is putting its money where its mouth is – and has managed to launch without the need for an initial coin offering (ICO). BLOC argues that too many ICOs have been popping up in the crypto world – disappointing users by failing to offer real products at their conclusion. By contrast, the startup says its platform already boasts “an exclusive set of mining tools, world-first features, and an unrivaled ecosystem to connect buyers and sellers.” The upbeat company has a “strong belief” in its no funding strategy, saying: “If we mak