China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan

China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. And it’s backfiring. Inflation of the yuan just rose to its highest level since January 2012 and is projected to increase even further, to 4.7% by January. This is happening while Chinese state banks and corporations prepare to trial a digital version of the national fiat.…

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SLP Token Market Cap Surpasses $50 Million

For over a year now, the Simple Ledger Protocol (SLP) token universe has grown quite vast. There are now more than 6,000 SLP tokens in existence and a number of SLP tokens have seen price discovery. Moreover, tokens listed on our SLP market capitalization aggregator show in the last two months SLP valuations have doubled. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange Data Shows SLP Token Market Cap Doubled in Value Since August 2018, the Simple Ledger Protocol (SLP) ecosystem has continued to grow relentlessly and there…

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AI Research Reveals Crypto Leaders Are Angry and Depressed

An artificial intelligence-driven personality research on the characteristics of crypto industry leaders such as Vitalik Buterin, Justin Sun, and Brian Armstrong found that intellect, liberalism, and cautiousness are their top personality traits. And a comparison with general tech titans showed that crypto leaders are 98.4% more likely to demonstrate anger and 46.4% more likely to harbor depression. Also Read: Research Exposes Anti-Bitcoin Bias in Mainstream Media IBM Watson Picks the Brains Behind Crypto Clovr, a research-focused cryptocurrency company, has performed a personality analysis on the characteristics of 17 cryptocurrency leaders…

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BRD’s Adam Traidman on New Products, Crypto Adoption, and Banking the Unbanked Into 2020

Breadwallet, later known as Bread, and now just as BRD, was the first crypto wallet in the App Store in 2014. Its non-custodial, open source and user-friendly nature saw it become very popular, now with nearly 3 million users worldwide. CEO Adam Traidman took some time to field questions from news.Bitcoin.com this week, detailing BRD’s upcoming first enterprise blockchain product launch, the importance of branding, and the function of usability and regulation in bringing crypto to the world. Also Read: Bakkt Launches Bitcoin Options in US, Futures in Asia News.Bitcoin.com…

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Enterprise Blockchain on … Bitcoin? Bitfury Is Giving It a Go With Exonum

“Blockchain, not Bitcoin.” This rallying cry became a hallmark of the 2017 market boom and continued to reverberate in the subsequent cryptocurrency bear market. Entrepreneurs and institutions from every corner of every industry tried to shoehorn blockchains into use cases for everything from pharmaceuticals to bananas.  “Just slap a blockchain on it,” the idea went, and thus some of the world’s unnecessary enterprise blockchain applications were born.  Several years later, people are figuring out that you don’t need a blockchain for, well, most things really. In the fallout of 2017’s…

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Economic Uncertainty, Restrictions in Argentina Show Power of Bitcoin

In the weeks following dramatic new restrictions regarding the acquisition of both bitcoin and USD in Argentina, the local crypto community has reacted in a number of interesting ways, showing both the possibilities of Bitcoin as a financial tool in the face of government constraints as well as the decentralized crypto asset’s resilience to measures against it.  The Evolving Bitcoin Landscape in Argentina The temperature has steadily been rising in the Argentinian crypto space for several months of 2019, creating a clear timeline for the increased acceptance of bitcoin and…

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Op Ed: IRS Doesn’t Get Cryptocurrencies: Here’s Why

After five long years, the Internal Revenue Service (IRS) in the U.S. finally decided to release additional guidelines in October 2019 regarding crypto taxes. While the guidelines have brought some measure of relief by clearing up some important ambiguities, many say they’ve left more confusion behind. So what is the problem here really? Is it the fact that cryptocurrencies are a whole new asset class that regulatory authorities like the IRS have a hard time understanding? Or is it that the nature of certain crypto transactions is so complex that…

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Podcast: Chainalysis’ Chief Economist on the Data Behind Blockchain Forensics

“It has been a year of success, but something not talked about enough in cryptocurrency is what it takes to build a business,” said Philip Gradwell, the chief economist at blockchain forensics firm Chainalysis, on the latest episode of the Bitcoin Magazine Podcast. “We provide software for compliance and investigations, but underneath it all, we’re a data company trying to understand how value flows between different entities. That looks kind of like information provision — Bloomberg. But, it’s hard to find a comparison for what we do in the traditional…

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Bitcoin and Gift Cards Are Powering a Million Dollar Remittance Market in Africa

It was my junior year of college when I had my formal introduction to Bitcoin. On that bright but brisk autumn day in 2015, my buddies and I ventured into the lone drug store in the parish-pump, truckstop town that accompanied my woodland-tucked university.  Being one of the only convenience stores in town, most students and locals frequented this CVS for their typical pharmaceuticals or basic staples. My friend, though, had one item on his shopping list: a $50 Amazon gift card. He paid in cash, kept the receipt and…

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Market Update: Despite Uncertainty, BTC Longs Skyrocket

Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying to surpass upper resistance, skeptics think crypto prices could see further declines. However, BTC/USD long positions have spiked considerably despite market uncertainty. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange Crypto Cap Drops Below $200 Billion The cryptocurrency market cap on…

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