Hong Kong Now Offers Opt-In Regulation to Crypto Exchanges

Hong Kong’s Securities and Futures Commission has established a new regulatory framework that allows crypto exchanges to opt-in to be licensed and regulated. Starting Wednesday, centralized trading platforms can apply for a license, providing they meet certain requirements including adequate measures for the safe custody of assets, insurance, hot and cold wallets, and private key management. Also read: 23 Central Banks Divulge Their Digital Currency Requirements An Opt-In System The Hong Kong Securities and Futures Commission (SFC) published a new regulatory framework for crypto exchanges on Wednesday. CEO Ashley Alder…

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Meet Flowee the Hub: A Feature-Rich Bitcoin Cash Validator

Bitcoin Cash development has been growing wildly over the last year between third party services and infrastructure. Since the inception of BCH, there’s been a number of full node clients that not only distribute important binary data but offer a variety of different features as well. One such project is the Bitcoin Cash validator and database created by Tom Zander called Flowee the Hub, a BCH client that aims to be a multi-service node that offers a myriad of functionality. Also Read: Video: Will Bitcoin Crash or Double in Price…

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Was a Lone Whale Really Behind Bitcoin’s 2017 Bull Run? Don’t Bet on It

“Ignorance is the parent of fear.” — Herman Melville, Moby Dick In July 2019, John M. Griffin and Amin Shams, academics from the University of Texas and the University of Ohio, respectively, published the cleverly titled report “Is Bitcoin Really Un-Tethered?” Their “findings” echoed through mainstream and cryptocurrency media alike. The duo boldly claimed that bitcoin’s 2017 price rise was fueled by unbacked USDT; in essence, their argument goes, Bitfinex/Tether issued the stablecoin without having any dollars in the bank to back them up, meaning bitcoin’s price rose on little…

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Kim Dotcom Token Sale Postponed Over ‘Regulatory Uncertainty’

In 2017, Kim Dotcom, the founder of the now-defunct file hosting service Megaupload, revealed a similar service called K.im that planned to give anyone the ability to upload files, documents, code, videos, and music files and get paid in crypto for their work. Since then, Dotcom’s team disclosed there would be an exchange sale for Kimcoin token on the digital asset exchange Bitfinex. However, Bitfinex and the K.im platform team say that “regulatory uncertainty” has caused them to postpone the sale. Also Read: Bitcoin Cash Captured 90% of October’s Crypto…

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Bitcoin Price Analysis: Range-Bound Market Set for Bullish Continuation

Summary: The bitcoin market has been range-bound over the last week and a half and is now seeing consolidating volume and a consolidating price structure. The consolidation within our current range is forming an ascending triangle with a $500 move to the upside and a price target of around $10,000. However, a failure to break out to the upside can also have a $500 move to the downside and would have the market targeting a price of $8,700 on the support below. Trading and investing in digital assets like bitcoin…

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Conceal and Reveal: The Evolution of Privacy Coin Technology

Privacy can assume many forms and occur on many levels. The technologies that blockchain architects originally envisioned for privacy coins are now being utilized by an array of crypto stakeholders, from enterprises to exchanges. What began as a means of transacting anonymously has spawned a burgeoning industry, built upon technologies designed to conceal, but which can also be programmed to reveal to a select few. Also read: Chinese Communist Party Reportedly Filling Roles at Top Exchange Huobi zk-Snarks zk-Snarks are best known for their use in privacy coin protocols such…

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Live Brainstorm on Reddit

We are currently printing Issue 21 and for one issue we’ll be changing gears and brainstorming a Reddit-themed issue live on Reddit. The issue will have stories that introduce reddit to those who aren’t familiar with the site, talk about the Bitcoin subreddit’s influence on Bitcoin, and much more. We’ve gotten a great response from our writing team and redditors already. The ideas popping up are already being worked on because they are just that good. Head over to the live brainstorm, jump in on the discussion, and vote for ideas…

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With Expansion in Singapore, Sygnum Focuses on Institutional Investors

Sygnum, a digital asset manager that offers custody, brokerage, lombard credit and tokenization services to institutional and qualified private investors, describes itself as the “world’s first digital asset bank.” On October 31, 2019, the group announced it had obtained a capital markets services license from the Monetary Authority of Singapore (MAS). This came after it obtained a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August 2019. With licensure from two of the world’s most innovative financial centers, Sygnum may be in a better…

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China Removes Bitcoin Mining From Unwanted Industries List

Inspired by its new fascination with blockchain, China now seems to have changed its mind about cryptocurrency mining. The latest version of a national macroeconomic plan indicates that the government in Beijing has given up intentions to suppress the bitcoin mining industry, in which Chinese companies have become global leaders. Also read: Another Chinese Lender Bailed Out After Bank Run Mining Not to Be ‘Eliminated’ The Industrial Structure Adjustment Guidance Catalog, issued by China’s National Development and Reform Commission (NDRC), has lost a reference to crypto mining activities. This is…

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Draft Document Issued: European Union Needs Towards Digital Euro

The idea about a European digital currency is slowly picking up steam. Last week, CoinStaker reported on the Association of German Banks (Bankenverband)’s request for the development of a digital euro. A week later, the European Union has now issued a draft document in which it strongly suggests that all member states should very carefully consider the idea of issuing a united European digital currency. The draft document is still subject to amendments Yesterday, Reuters’ report on the draft in question, showcased that the draft is still subject to amendments.…

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