Monday, November 19Your Daily Bitcoin & Altcoin News Portal

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Breaking the Peg: Every Stablecoin Has Its Points of Failure

Breaking the Peg: Every Stablecoin Has Its Points of Failure

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Please share if you find this article interesting. Breaking the Peg: Every Stablecoin Has Its Points of Failure This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision In the year of bear markets and curbed enthusiasm, stablecoins have emerged as the asset class with which many of the crypto community associate high hopes for the long-anticipated mass adoption. As these cryptocurrencies have come to be viewed as a promising tool to alleviate volatility – presumably the major hurdle in the way of digital assets becoming a vehicle of everyday transactions for millions of consumers – they enjoy massive media coverage, community and investor attention, and merit so
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Kraken Begins Bitcoin Cash SV Trading but Says Users Face ‘Extremely High Risk’

Kraken Begins Bitcoin Cash SV Trading but Says Users Face ‘Extremely High Risk’

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Please share if you find this article interesting. Kraken Begins Bitcoin Cash SV Trading but Says Users Face ‘Extremely High Risk’ Major U.S. cryptocurrency exchange Kraken confirmed in a blog post Nov. 18 that it had begun supporting both forks of Bitcoin Cash (BCH), while warning traders about “many red flags.” Kraken, which initially said it would only support only one of the two BCH chains – Bitcoin Cash ABC – has at press time already launched trading of its counterpart chain, Bitcoin Cash SV (BSV). The product of a contentious hard fork of the BCH network Nov. 15, Bitcoin Cash SV currently sits at the center of controversy over BCH miner coercion, with major proponent Craig Wright and his company nChain determined to corner the hash power market. Neither chain appeared to b
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Ivypay Launched, Allows Australians to Pay Bills Using Cryptocurrency

Ivypay Launched, Allows Australians to Pay Bills Using Cryptocurrency

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Please share if you find this article interesting. Ivypay Launched, Allows Australians to Pay Bills Using Cryptocurrency Fintech Ivypay, a cryptocurrency-based payments platform, was launched in Australia on Nov. 19. The service — built by blockchain company Ivy in partnership with Hiveex, a cryptocurrency broker — allows Australians to use digital currencies to pay bills and transfer money directly into their bank accounts. Also Read: Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common Cryptocurrency Mainstreaming Cryptocurrency Use The developers of Ivypay, which was released in beta earlier this month, aim to bring cryptocurrency into the mainstream by streamlining the spending process. Users pay a 2 percent fee on the total amount of each transfer. The
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Bitcoin Price Hits 13-Month Low as Crypto Market Slumps

Bitcoin Price Hits 13-Month Low as Crypto Market Slumps

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Hits 13-Month Low as Crypto Market Slumps Bitcoin (BTC) dropped to its lowest level since October 2017 on Monday, as losses are seen across the broader crypto market. The leading cryptocurrency fell to $5,165 earlier today – the lowest level since Oct. 18, 2017 – having breached the crucial support of $6,000 last week. As of writing, BTC is changing hands at $5,283 – down 5 percent on a 24-hour basis and 16 percent week-on-week – according to CoinDesk’s Bitcoin Price Index (BPI). Further, the year-on-year loss now stands at 32 percent, as prices were trading well above $7,600 on Nov. 19, 2017. Elsewhere, ethereum’s ETH token, cardano and Tron are also flashing double-digit losses on a 24- hour basis. Notably, ETH fe
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Israel: Crypto Investment House Launches Two New Funds for Institutional Clients

Israel: Crypto Investment House Launches Two New Funds for Institutional Clients

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Please share if you find this article interesting. Israel: Crypto Investment House Launches Two New Funds for Institutional Clients Israel’s first dedicated crypto investment firm for institutional investors, Silver Castle Ltd., has launched two new crypto funds this month, Bloomberg reported Nov. 18. The firm – whose high-profile lineup includes the former CEO of Israel’s largest bank, Bank Hapoalim, as well as the founder of the country’s largest investment fund, Psagot Ofek – reportedly expects to have $50 million in assets under management (AUM) by the end of the year. As Bloomberg notes, global competition is fierce for crypto investment funds today, with over 370 crypto-focused funds with as much as $10 billion in AUM collectively, citing data from Autonomous Research. Silv
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The Daily: Okcoin-Backed Studio Raises $16M, Coinbase-Funded Game to Enter Beta – Bitcoin News

The Daily: Okcoin-Backed Studio Raises $16M, Coinbase-Funded Game to Enter Beta – Bitcoin News

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Please share if you find this article interesting. The Daily: Okcoin-Backed Studio Raises $16M, Coinbase-Funded Game to Enter Beta - Bitcoin News The Daily In today’s edition of The Daily, we focus on the intersection between the cryptocurrency industry and gaming. A game startup recently raised $16 million from investors such as Okcoin and Galaxy Digital, while the developers of a game backed by the investment arm of Coinbase have released a new gameplay trailer. And in related news, a recent report shows that young people prefer cryptocurrency and in-game coins over fiat cash. Also Read: Venezuelan Department Store Chain Accepts Cryptocurrency Mythical Games Secures $16M of Funding Mythical Games, a new Los Angeles-headquartered game studio, announced on Friday that it has
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Has a Platform Offering 40m TPS Found the Key to Blockchain’s Mainstream Adoption?

Has a Platform Offering 40m TPS Found the Key to Blockchain’s Mainstream Adoption?

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Please share if you find this article interesting. Has a Platform Offering 40m TPS Found the Key to Blockchain’s Mainstream Adoption? A blockchain/DAG hybrid platform has unveiled bold plans to entice businesses to use its technology – and says its “unprecedented speed, scalability and security” has the potential to benefit enterprises that handle a high frequency of transactions. BEXAM initially intended to serve the cryptocurrency market as a hybrid exchange which used a unique algorithm to deliver the best features of centralized and decentralized platforms alike. However, the startup has decided to refocus its proposition after receiving glowing feedback about its technology – moving away from the congested exchanges sector to capitalize on its infrastructure, which delivers
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Beyond Price: Why We Need a Better Way to Value Crypto Assets

Beyond Price: Why We Need a Better Way to Value Crypto Assets

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Beyond Price: Why We Need a Better Way to Value Crypto Assets Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly,  a custom-curated newsletter delivered every Sunday exclusively to our subscribers. The most commonly cited number for comparing the worth of different crypto projects is market capitalization. It is an extremely flawed metric. Critics note, for example, that poor liquidity, combined with lax rules at many exchanges, let founders and large holders easily manipulate market cap quotes at sites such as CoinMarketCap. This made for all sorts of abuses during the ICO man
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Bitcoin Smart Contract Protocol Rootstock Acquired by Spin-off Project RIF Labs

Bitcoin Smart Contract Protocol Rootstock Acquired by Spin-off Project RIF Labs

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Please share if you find this article interesting. Bitcoin Smart Contract Protocol Rootstock Acquired by Spin-off Project RIF Labs Bitcoin-based smart contract protocol Rootstock (RSK) is integrating with spin-off project RIF OS to expand its scope of operations, the parties confirmed in two separate blog posts Nov. 18. As part of the deal, RIF Labs, the structure behind off-chain infrastructure layer RIF OS, will acquire RSK’s counterpart RSK Labs. RIF started out as a side project from the same executives who held senior positions at RSK. Together, they plan to enable the RSK protocol to go beyond Bitcoin and Ethereum network support and include various P2P functions. “The three principal components to the RIF OS announcement include the integration of RIF Labs and RSK Labs, th
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7 Facebook, Amazon, Apple, Netflix and Google Staffers That Went Full Crypto

7 Facebook, Amazon, Apple, Netflix and Google Staffers That Went Full Crypto

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. 7 Facebook, Amazon, Apple, Netflix and Google Staffers That Went Full Crypto “Follow the talent.” It’s a maxim investor Chris Burniske tweeted recently to underscore another tweet from AngelList co-founder Naval Ravikant when he wrote back in March: “Blockchains are now sucking in top-tier Silicon Valley tech talent faster than any boom since the Internet.” Yet, as the first flurries of crypto winter blow, this narrative has hardly cooled. We heard it echoed again most recently in October when we spoke to Tinder exec and venture investor, Jeff Morris, Jr., who started Chapter One Ventures to back crypto projects he finds exciting. But, who are these professionals leaving good companies to take a chance on the world of crypto? Coi