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Tron’s Election Is Underway, But Who’s In Control of the $2 Billion Code?

Tron’s Election Is Underway, But Who’s In Control of the $2 Billion Code?

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Tron's Election Is Underway, But Who's In Control of the $2 Billion Code? The $2 billion cryptocurrency network Tron kicked off an election this week – one of the last steps in its efforts to launch its official blockchain. Largely free from classic campaign pageantry (there are no voting lines or oversight committees in cryptoland), the process finds the protocol seeking to leverage one of its core differentiators, a mechanism called delegated proof-of-stake (DPoS) that governs how those running the software can change its rules. The process follows the late May release of what Tron branded as a test version of the tech. Then, last week, it held a much-hyped "Independence Day," which saw users begin to scrap their ethereum token
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Bitcoin Price Risks Further Drop After Close Below $6K

Bitcoin Price Risks Further Drop After Close Below $6K

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Please share if you find this article interesting. Bitcoin Price Risks Further Drop After Close Below $6K Bitcoin (BTC) could post new 2018 lows over the weekend, having found acceptance below key price support. Despite signs of a possible corrective rally seen earlier yesterday, the leading cryptocurrency closed below $6,000 for the first time since November 12, signaling a downside break of a major support (February low). While the bears had briefly pushed prices down to $5,755 (2018 low) last Sunday, a close below $6,000 had remained elusive. Now that prices sit below $6,000, the focus is back on the long-run bearish technical charts, which continue to call a move lower to $5,000. At press time, BTC is changing hands at $5,904 on Bitfinex – down 3.4 percent on a 24-hour basis.
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Akoin For Africa? Hope, Cynicism Collide As Singer’s Coin Catches Fire

Akoin For Africa? Hope, Cynicism Collide As Singer’s Coin Catches Fire

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Please share if you find this article interesting. Akoin For Africa? Hope, Cynicism Collide As Singer's Coin Catches Fire It's an undertaking that can't be exaggerated: Akon – the American-Senegalese R&B singer, songwriter and producer – is creating a new cryptocurrency called "Akoin." Yes, you heard that right. As Akon tells it, the forthcoming coin will serve as the currency for a yet-to-be-developed city in the country of Senegal. The "Akon Crypto City" will occupy a reported 2,000 acres of land gifted to the singer by the president of Senegal and is envisioned to be a "100% crypto-based city with Akoin at the center of transaction life." And that's not all. Akoin, while also being a transactional currency, is a key component to the broader "Akoin Ecosystem" founded to empowe
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Bitcoin Price Defends $6K as Traders Go Long

Bitcoin Price Defends $6K as Traders Go Long

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Please share if you find this article interesting. Bitcoin Price Defends $6K as Traders Go Long Bitcoin's (BTC) price charts remain biased to the bears, but market positioning on a major exchange suggests a sustained break below $6,000 may remain elusive in short-term. At press time, the leading cryptocurrency is trading at $6,100 on Bitfinex, largely unchanged on a 24-hour basis, and technically speaking, BTC remains on the defensive as discussed yesterday. Further, the cryptocurrency markets will likely remain risk averse as the sell-off in ETH/BTC – the risk barometer of the cryptocurrency markets – is seen gathering pace in the next 24 hours. So, going by the technicals alone, it seems safe to say that BTC is likely to find acceptance below the February low of $6,000 soon. H
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But Why? Crypto Looks for Answers As Facebook Eases Ad Ban

But Why? Crypto Looks for Answers As Facebook Eases Ad Ban

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Please share if you find this article interesting. But Why? Crypto Looks for Answers As Facebook Eases Ad Ban It hasn't been a great year so far for Facebook, the social media giant that was once the most popular online platform among American youth. While roughly half of the teens in the U.S. still use Facebook, according to a survey published by the Pew Research Center this year, the company has not been receiving much love recently in light of ongoing controversy about data collection and privacy. Indeed, though it was the publicly stated goal of CEO Mark Zuckerberg to meet the issues surrounding user privacy and data collection head-on and make 2018 "a serious year of self-improvement", one that would restore faith in the promise that "technology would be a decentralizing for
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Risk Flight? Bitcoin ‘Dominance Rate’ Hits 9-Week High

Risk Flight? Bitcoin ‘Dominance Rate’ Hits 9-Week High

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Please share if you find this article interesting. Risk Flight? Bitcoin 'Dominance Rate' Hits 9-Week High Bitcoin's (BTC) "dominance rate" hit a 2.5-month high on CoinMarketCap today – a sign that investors are likely switching their money from alternative cryptocurrencies to the number one cryptocurrency by market valuation. The gauge rose to 42.74 percent earlier on Wednesday, the highest level since April 14, and was last seen a tad lower at 42.5 percent. The BTC dominance rate is an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency. So, a rising dominance rate essentially means the demand for bitcoin is greater than the demand for altcoins. A flow toward bitcoin is usually seen at the start of the b
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Malta Passes Trio of Bills as Part of ‘Blockchain Island’ Plan

Malta Passes Trio of Bills as Part of ‘Blockchain Island’ Plan

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Please share if you find this article interesting. Malta Passes Trio of Bills as Part of 'Blockchain Island' Plan Malta has taken a significant step toward becoming a "Blockchain Island." Announced Tuesday by Silvio Schembri – a Maltese Member of Parliament and the parliamentary secretary responsible for financial services, digital economy and innovation – the island nation's parliament has passed three bills regarding cryptocurrencies, blockchain and distributed ledger technology (DLT) marking it as one of the first jurisdictions in the world to pass specific legislation around the tech. Calling the news a "world first," Schembri, who introduced all three bills to parliament, tweeted: The three bills –numbered 43, 44, 45 – are titled "The Innovative Technology Arrangements and
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Zeroing In: Zcash Sets 2-Year Course for Better Crypto Privacy

Zeroing In: Zcash Sets 2-Year Course for Better Crypto Privacy

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Please share if you find this article interesting. Zeroing In: Zcash Sets 2-Year Course for Better Crypto Privacy Nearly two years after launch, Zcash is entering what could be a crucial period of iteration. Speaking at Zcon0, zcash's first ever conference in Montreal, Tuesday, project founder and the CEO of the Zcash Company Zooko Wilcox discussed the company's informal roadmap for the next two-year period. Presented mere hours after the first mandatory upgrade of the software powering the cryptocurrency, the keynote set a precedent for the day's discussion, in which, through a series of lectures and workshops, the community sought to define the values and challenges that would guide the privacy-focussed blockchain into the future. "We have already succeeded on a technical level
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Bitcoin Price Risks Another Fall Below $6K, Charts Say

Bitcoin Price Risks Another Fall Below $6K, Charts Say

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Please share if you find this article interesting. Bitcoin Price Risks Another Fall Below $6K, Charts Say After a drop yesterday, bitcoin (BTC) risks another move below $6,000 in the next 24 hours, but it will still likely fare better than other cryptocurrencies. On Tuesday, bitcoin closed (as per UTC) below the immediate support of $6,108 (June 13 low), pouring cold water over the prospects of a corrective rally above a major technical hurdle at $6,425 (April 1 low). The failure to capitalize on early signs of short-term bullish reversal has shifted risk in favor of a break below the $6,000 mark (February low). Even if a drop in prices is seen, bitcoin could still outperform other cryptocurrencies, as a break below $6,000 could trigger risk aversion in the markets, forcing inves
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FOMO for Dogecon: What You Missed At the Gathering of the ‘Shibes’

FOMO for Dogecon: What You Missed At the Gathering of the ‘Shibes’

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Please share if you find this article interesting. FOMO for Dogecon: What You Missed At the Gathering of the 'Shibes' Admit it: you wish you were there. Dance parties, rap shows, puppy parades – you name it, Dogecon had it. And, perhaps more importantly, what this untraditional gathering of the crypto community didn't have was pretty striking considering the circumstances: a panic over falling crypto prices. Indeed, as Matt Condon put it on Twitter, "radical positivity" was the name of the day at Dogecon. The four-day celebratory conference about "the social layer of crypto culture" took place in Vancouver, British Columbia. Built around the cryptocurrency with a Shiba Inu at its heart, the conference received overwhelmingly positive reviews both from attendees and those who wa