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Monthly Archives: June 2018

Three Ways Bitcoin Price Could Reach $20,000 by December: ‘It’s the Messaging, Stupid’

In what now seems like a point equidistant between today and the Trojan War, James Carville, then a strategist for candidate Bill Clinton, noted that the economy was the seminal issue in the 1992 Presidential Election. Carville created a simple phrase to share with his staffers, ‘it’s the economy, stupid,’ to keep the seminal issue front and center. Yesterday, at ...

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Blockchain-Based Social Entertainment Platform to Tackle ‘Burnout’ of Content Creators

A social entertainment platform has the ambition of eliminating “burnout” among the world’s most popular content creators – helping them to produce quality broadcasts and reach millions of fans without the pressures imposed on them by current market-leading websites. You42 bills itself as a space where games, music, video, news and sports come together. The company wants to provide an ...

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VC Visionary Tim Draper: Bitcoin and Blockchain Future is Bright and will Transform Society

Crypto investor Pioneer and Author to Hold Book Signing and Fireside Chat at Crypto Invest Summit (Los Angeles, Calif) June 27, 2018–Cryptocurrency isn’t going away and will be one of the three or four major currencies in the world, says Tim Draper, an early crypto investor who will be speaking and signing books at the Crypto Invest Summit, October 22-24 ...

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Stellar (XLM) & Monero (XMR) Update

Stellar (XLM) & Monero (XMR) – The cryptocurrency market has yet to fully recover after the drop it took this past weekend. News broke on Friday that Japan will be tightening its cryptocurrency regulations and panic selling occurred dropping the entire market to a 2018 year-low of just over $235 billion. Currently, Bitcoin (BTC) is trading just above $6,000, and ...

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Hong Kong Securities Regulator Promises to Keep ‘Close Watch’ on Crypto Sector

Hong Kong’s Securities and Futures Commission (SFC) says in their 2017-2018 annual report released today, June 27, that they will “keep a close watch” on crypto and Initial Coin Offerings (ICO). The SFC notes that since new technologies “come with risks,” they will be looking closely at crypto and ICOs and “intervening when appropriate.” The report states that the SFC ...

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Coinbase Should Add XRP to Its Platform: Ripple CEO

Coinbase and Ripple have been at it for quite some time now. The two San Francisco-based companies have long been linked, with rumors of the exchange listing the token surfacing every so often. These rumors always create an excitement in the XRP community and the crypto universe in general, which more often than not benefits the price of XRP. The ...

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Do-Over? Dan Larimer Proposes Scrapping the EOS Constitution

“I am merely saying that the current constitution is not wise.” With that comment, Daniel Larimer — the creator of EOS — proposed a fundamental restructuring of the fifth-largest cryptocurrency’s on-chain governance model. That governance model has become the subject of much controversy during the early days of the EOS network, as block producers — the entities that verify transactions ...

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2018’s Largest Security Breaches So Far

On June 19, Bithumb, South Korea’s number one crypto exchange, was hacked. The attackers stole cryptocurrencies worth $30 million, making it one of the largest heists of the year so far. While the exchange has already promised to compensate its users, the damage has been done: yet again, it has become evident that even the biggest players cannot guarantee total ...

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Contradictory Reports Emerge on Crypto Taxation in South Korea

One of the most controversial topics in the crypto industry, taxation, has yet to be settled by regulators. The industry has been kept guessing what policies regulators will eventually agree on, and with different regions and countries having very different outlooks on cryptocurrency, there is no telling what laws to anticipate. The South Korean crypto industry is one of the ...

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Florida Appoints Crypto Czar to ‘Scrutinize’ and Regulate Digital Currency

The state of Florida will be bringing in a state-specific cryptocurrency czar to closely manage and regulate the technology. This follows the SEC appointing a cryptocurrency chief earlier this month. Florida Recognizes Crypto Growth Florida Chief Financial Officer (CFO) Jimmy Patronis issued a statement today saying that he is creating the position of a ‘crypto czar’ in order to provide ...

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