Why Tokenized Projects Are Building on Bitcoin

Bitcoin is something you hodl. Ethereum is something you build on. At least that has long been the official narrative, with projects favoring dedicated smart contract networks over Bitcoin for spinning out dapps and second layer solutions. Like all crypto narratives, however, this one has started to shift, as projects reappraise the benefits of crafting censorship-resistant applications anchored to Bitcoin Core and Bitcoin Cash. Also read: Coinex Chain Launches Tokens Anchored to BTC and BCH Why Businesses Are Issuing Tokens on SLP Businesses of all kinds are issuing tokens on…

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‘Lost Coins’ Study Estimates BTC’s True Supply

Many people like the fact that Satoshi Nakamoto introduced a capped supply of 21 million coins when he created the Bitcoin protocol. However, there’s been a lot of speculation aimed at guessing the number of ‘lost coins’ that will never be spent. On November 19, the digital currency data and research site Coin Metrics published an in-depth study that estimates the true number of BTC’s circulating supply. Also read: Walk Like Nakamoto: 7 Anonymous Personalities in the Crypto Space Coin Metrics Estimates the Number of Lost Bitcoins According to various…

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Cointext Founder Publishes New ‘Postage’ Specs for SLP Tokens

On November 18, Cointext founder Vin Armani published a blog post that describes a new system called the ‘Simple Ledger Postage Protocol.’ The SLP concept allows wallets to send SLP tokens without having to use bitcoin cash (BCH) as ‘gas’ to forward transactions. Also Read: Bitcoin Cash Community Funds Eatbch Trip to Ghana The Simple Ledger Postage Protocol Cointext CTO Vin Armani recently published a blog post called “Simple Ledger Postage Protocol: Enabling A True SLP Token Ecosystem On Bitcoin Cash,” which describes a method of sending SLP-based tokens without…

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Chinese Authorities Scrutinize and Report on Crypto Exchanges

According to a notice issued on weibo.com, and later confirmed as authentic by business publication Caixin, authorities in Shanghai appear to have dispatched officials for conducting reviews of area businesses engaged in cryptocurrency dealings, and are set to report back to financial regulators by November 22. This comes in conjunction with a recent program on the Chinese Communist Party’s CCTV1 television channel, discussing cryptocurrency scams, and also local reports to news.Bitcoin.com that some exchanges under governmental review are experiencing problems. Also Read: Chinese Communist Party Reportedly Filling Roles at Top…

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Crypto Debit Card Targets Generation Z With a Promise of Financial Freedom

From video games to fizzy drinks, teens have their own spending agenda. Raised in the digital age, generation Z also has a special sense of freedom, a product of unrestricted access to the internet and mass availability of new technology. Its members are potential natural adopters of cryptocurrency, and fintech companies are beginning to turn their attention to this promising market. A new crypto debit card has been launched to cater to the financial needs of the European young. Also read: Spend 10 Cryptocurrencies With These Debit Cards Card Can…

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Indian Supreme Court Wraps up Crypto Hearing for the Year

The Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year. Its decision follows Lok Sabha, the lower house of the Indian parliament, revealing that a crypto bill will not be discussed this year. Also read: Indian Government Delays Introducing Crypto Bill Supreme Court Sets New Date The case against the crypto banking restriction by India’s central bank was scheduled for…

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Presidential Candidate Andrew Yang Discusses His Plan for Cryptocurrencies

Presidential candidate Andrew Yang has detailed his plans to regulate the digital economy if he were to become the President of the United States. Yang’s recent blog post called “Regulating technology firms in the 21st century,” explains how the candidate believes current American legislators are out of touch with innovative technologies. Also Read: Andrew Yang’s ‘Freedom Dividend’ Is Not Only Unnecessary, It’s Unethical Andrew Yang Explains How He Would Handle Cryptocurrencies if He Were President The 2020 Democratic Presidential candidate Andrew Yang wholeheartedly believes technology has outpaced the American government’s…

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US to Strictly Enforce Crypto Rules Similar to FATF Guidelines

The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal Reserve has flagged stablecoin as a potential risk to the U.S. financial system in a new report. Also read: Crypto Jobs on the Rise, Thousands Listed Fincen Expects Compliance The U.S. Financial Crimes Enforcement Network (Fincen) will strictly enforce anti-money laundering (AML) rules on cryptocurrencies, Director Kenneth Blanco reportedly said on…

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Researcher Breaks Mimblewimble, Deanonymizing 96% of Grin Transactions

The Mimblewimble privacy technology used by cryptocurrencies such as Beam and Grin is broken. That’s the claim of researcher Ivan Bogatyy who has published a report documenting his findings. In it, he reveals how he was able to deanonymize 96% of all Grin transactions just by running a node at a cost of around $60. Bogatyy asserts that the flaw is fatal, effectively breaking Mimblewimble. Also read: IRS Dispels Crypto Tax Confusion Mimblewimble Is ‘Fundamentally Flawed’ “Mimblewimble should no longer be considered a viable alternative to Zcash or Monero when…

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Nexinter – Profit Sharing Crypto Exchange

Nexinter launch as the first profit sharing fiat-crypto and custodian exchange in the world. Today, Nexinter, the digital fiat-crypto and custodian exchange, has announced that it will be the first profit sharing digital exchange in the world. 75% of the Nexinter’s profits from any operation or revenue stream on the platform will be returned to the community in a reward system. There will be two components that determine the reward to the community: time and volume. The time reward component will be active in 2020, and the more days an…

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