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Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?

Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?

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Please share if you find this article interesting. Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side? A peculiar phenomenon is occurring within the economic sector. In fact, it’s been transpiring over the past few decades. After the rise of the internet and the development of effective communications, the financial industry underwent a technical reconstruction. Those formerly disbarred due to a lack of capital found refuge in this revolution. Internet brokers and e-commerce start-ups with little more than a “.com” suffix proliferated.  Some even threatened to subvert entrenched financial institutions. Among those attempting a banking coup was Confinity — now Paypal — one of the first online payment processors. Unbeknownst to most, financial disruption was the f
Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds – Bitcoin News

Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds – Bitcoin News

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Please share if you find this article interesting. Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds - Bitcoin News Bitcoin has been regularly attacked for its energy-intensive mining process, powered by serious amounts of electricity. It’s been claimed that it leaves a carbon foot print comparable to that of a large city or even a small country, an allegation that often finds its way to the headlines of mainstream media outlets. But a new study proves the devil is in the details. Bitcoin’s CO2 emissions, according to the authors, are much more modest than suggested by previous reports. Also read: Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well Getting the Numbers Right Various studies have painted a pretty negative picture of Bitcoin’s
Assassin’s Creed Dev Becomes Block Producer for EOS-Based Gaming Startup

Assassin’s Creed Dev Becomes Block Producer for EOS-Based Gaming Startup

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Please share if you find this article interesting. Assassin's Creed Dev Becomes Block Producer for EOS-Based Gaming Startup Ubisoft, the game development giant behind the videogame Assassin’s Creed, partnered with EOS-based game distribution platform Ultra. According to a press release shared with Cointelegraph on Nov. 21, Ubisoft will be a corporate block producer on the testnet version of Ultra’s EOS sidechain, dubbed UOS. As such, the company will help maintain the network and approve transactions on it during the trial period. Alignment of interests Transactions on the network will include in-game asset creation, ownership transfers between players and payments. Per the release, Ultra chose Ubisoft as a block producer because it is in the game developer’s best interest to hel
LG and Kakao Partner to Bridge Public and Private Blockchains

LG and Kakao Partner to Bridge Public and Private Blockchains

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Please share if you find this article interesting. LG and Kakao Partner to Bridge Public and Private Blockchains LG’s IT affiliate LG CNS and the blockchain subsidiary of Kakao, Ground X, are partnering to bridge public and corporate blockchains. The Korea Herald reported on Nov. 21 that the two companies agreed to develop mutually compatible infrastructure. The head of LG CNS’ future strategic business division, Ha Tae-Seok, and Ground X CEO Han Jae-Seon attended the formal signing ceremony at the LG CNS headquarters in Magok, Seoul.  An LG representative explained that there are many inter-chain projects in the blockchain industry that need to be able to work across multiple unique networks in order to be successful, stating: “We will break down the existing boundaries between
Sacramento Kings CTO: Fans Quit Spending Bitcoin When the Price Hiked

Sacramento Kings CTO: Fans Quit Spending Bitcoin When the Price Hiked

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Please share if you find this article interesting. Sacramento Kings CTO: Fans Quit Spending Bitcoin When the Price Hiked The Sacramento Kings — who spearheaded Bitcoin (BTC) payments for fan merchandise back in 2014 — have revealed some of the quirks in their history of cryptocurrency engagement. According to a Nov. 21 report from Front Office Sports, the NBA team’s chief technology officer, Ryan Montoya, remarked: “People from all over the world were buying Kings jerseys, tickets, different Kings gear. They were super excited that this team was accepting Bitcoin [...] We even put a Bitcoin ATM in the arena. Then the Bitcoin price went up to $1,200 and they quit spending the Bitcoin.” Beyond merchandise When the Kings first launched Bitcoin payments support, the coin was valued
What’s at Stake With Masternode Coins? – Bitcoin News

What’s at Stake With Masternode Coins? – Bitcoin News

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Please share if you find this article interesting. What’s at Stake With Masternode Coins? - Bitcoin News “Masternode” is a term that echoes less often in the cryptosphere these days, but not because user-controlled nodes have fallen out of favor. Rather, the nomenclature has shifted, with “staking” now used to describe the array of blockchains that fall under this banner. As an examination of proof-of-stake chains shows, masternode coins are very much alive. But as exchanges push staking as a service, are the days of user-operated masternodes numbered? Also read: Bitcoin.com to Launch $200 Million BCH Ecosystem Investment Fund 5 Years on, Masternodes Are Still Going Strong When smart contract platform Velas unveiled its masternode staking this week, it iterated on a system that
‘Mystery Man’ Gets Berlin Shop to Drop BitPay, Accept Bitcoin Directly

‘Mystery Man’ Gets Berlin Shop to Drop BitPay, Accept Bitcoin Directly

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Please share if you find this article interesting. ‘Mystery Man’ Gets Berlin Shop to Drop BitPay, Accept Bitcoin Directly An ice cream shop in Berlin’s trendy Friedrichshain district has revealed that a chat with an unknown “super nice” guy spurred them to spearhead Bitcoin adoption with the local crowd. That unknown guy turned out to have been the legendary Bitcoin (BTC) evangelist and educator Andreas Antonopoulos, as a Nov. 21 Twitter thread from the retailer, “Chipi Chipi Bombón,” revealed. Andreas Antonopoulos spreads knowledge Everything began in a local burger bar. “We started accepting Bitcoin in June of this year. At Room 77  I met a guy who was super nice & explained to me all the basics about Bitcoin & got me interested in getting BTC myself instead of using BitPay &
Grayscale: 84% of Q3 Interest Came From Non-Crypto Hedge Funds

Grayscale: 84% of Q3 Interest Came From Non-Crypto Hedge Funds

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Please share if you find this article interesting. Grayscale: 84% of Q3 Interest Came From Non-Crypto Hedge Funds Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved. Sonnenshein — managing director at the world’s largest digital asset manager, Grayscale Investments — made his remarks during an interview with CNBC on Nov. 20. Hedge funds after digital asset exposure Earlier this week, Grayscale filed a registration statement on Form 10 for its publicly traded Bitcoin (BTC) fund Grayscale Bitcoin Trust (GBTC) with the United States Securities and Exchange Commission (SEC). If approved, the trust would become the first cryptocurrency investment vehicle to att
German Bank Boosts Bitcoin — Negative Interest Rates Hit Every Account

German Bank Boosts Bitcoin — Negative Interest Rates Hit Every Account

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Please share if you find this article interesting. German Bank Boosts Bitcoin — Negative Interest Rates Hit Every Account Bitcoin-cautious Germany has seen its first bank demand that ordinary savers pay it to hold their money — even as little as €1. According to multiple local press outlets including the Süddeutsche Zeitung on Nov. 19, the Volksbank Raiffeisenbank Fürstenfeldbruck (VRF) in Northern Bavaria is now charging 0.5% negative interest rates on the smallest deposits. Bank on negative interest rates: “We had to” “We had to do it,” the publication quoted the bank’s management as saying.  The reason, they said, was the cost of “parking” money at the European Central Bank (ECB).  In Germany, negative interest rates previously impacted only deposits above €100,000, which cons
Bitcoin Price Loses $8,000 Support as Bears Drive Market to 4-Week Low

Bitcoin Price Loses $8,000 Support as Bears Drive Market to 4-Week Low

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Please share if you find this article interesting. Bitcoin Price Loses $8,000 Support as Bears Drive Market to 4-Week Low Bitcoin (BTC) fell below $8,000 on Nov. 21 after several days of downward price pressure finally cost the cryptocurrency a major support level. Data from Coin360 showed BTC/USD finally reentering the $7,000 range on Thursday, marking its lowest since the last week of October. $7,880 was met by an immediate bounce to $7,940.  Bitcoin daily price chart. Source: Coin360 Analysts eye $7,500 and $6,500 floors for BTC Analysts had widely predicted the bearish move, with regular Cointelegraph contributor Michaël van de Poppe recently eyeing $7,400 as a realistic new support zone for Bitcoin. Continuing the forecast, fellow contributor filbfilb highlighted even lower