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Bitcoin’s Correlation to Traditional Markets Could be Problematic, Analyst

[ad_1] Author and financial analyst, Timothy Peterson, believes that Bitcoin’s growing correlation to Japan’s MSCI could end badly if traditional markets sharply correct. Bitcoin Correlation in Japan’s Markets Timothy Peterson, the author of Metcalfe’s Law as a Model for Bitcoin’s Value, recently tweeted a chart comparing the MSCI Japan in USD to Bitcoin in JPY from July 2014 until July 2019. According to Peterson, “Either traders think $BTC is some
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Insitutional Exchange— Seed CX, Receives Digital Currency Licences From the NYDFS

[ad_1] Based on a recent report, cryptocurrency licences have been given to two secondary firms of crypto derivatives provider—Seed CX by the New York Department of Financial Services (NYDFS). Linda Lacewell, the Superintendent at NYDFS recently made it known that the agency has awarded digital currency licences to Zero Hash LLC and Seed Digital Commodities Market LLC (SCXM) both of which are operating under Seed CX. Zero Hash received a
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Facebook Libra Project Already Facing Resistance, Major Hurdles Ahead

[ad_1] Facebook has released details of its highly secretive cryptocurrency project. The venture has stirred the crypto community and drawn interest from crypto industry stakeholders due to its market shifting potential. There have been concerns that its Libra platform will be used to gather financial information about its users. Facebook has made an effort to mollify data privacy fears by publishing a communiqué which emphasizes that consumer data will not
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Head of Facebook’s Libra Publishes Testimony for the US Senate Hearing Tomorrow

[ad_1] It was recently reported that the U.S Senate has requested the presence of Facebook executives as regards their latest crypto project—Libra. The meeting was fixed for 16th July 2019. Marcus David is In Charge of Libra Reportedly, Marcus David, the Head of the Libra Association, will be representing the firm at the meeting. Marcus David was also the President of one of the largest payment platform in the world,
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Top 5 Cheapest Countries to Mine Bitcoin

[ad_1] If you’re thinking about dusting off your ASIC now that BTC price has recovered, you may want to pack your bags as well. Check out the top five cheapest countries to mine Bitcoin below. The Cheapest Places to Mine Bitcoin Mining Bitcoin can be a profitable business if you live in a handful of countries. But the electricity cost can quickly outstrip your earnings if power is expensive in
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Fake News: Due Diligence is Essential for Crypto Investors

[ad_1] Fake news – this cliché is everywhere in the political space, but the cryptocurrency industry seems to be the real fertile soil for this infamous phenomenon. Is Social Media to Blame for Fake News? Any financial market that relies partially or integrally on speculators is vulnerable to the psychological factor. Traders are often exaggerating the driving force of a particular news or event. This is what causes the fear
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Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics

[ad_1] The U.S. Treasury Department has just issued an urgent letter requesting a lift on the debt ceiling, warning Congress of imminent financial collision in September as federal cash is running out. Though this scenario has played out many times before, it takes on special significance now in light of president Trump’s recent comments about bitcoin, saying it was created from “thin air,” and a congressional warning to Facebook regarding
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Ethereum Validator Nodes More Attainable as ETH Price Collapses

[ad_1] Bloody Monday has been a harsh start to the week for many crypto assets, including Ethereum. Bitcoin’s return to four figures has caused a digital avalanche for altcoins as markets bleed out over $35 billion in 24 hours. Ethereum Crushed But Not All Bad It certainly looks bad when the second largest crypto asset on the planet gets trounced by around 18% in 24 hours. Ethereum was trading at
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Binance, Bittrex and Bistamp Users Withdraw Over Bitcoin Price Concerns

[ad_1] Crypto exchanges are seeing significantly higher outflows of US dollars than inflows over the last 24 hours as bitcoin price hovers tentatively around the psychological $10K support. Bitcoin Volatility Sends Exchange Users Packing Tweeting on Monday (July 15, 2019), TokenAnalyst revealed that on-chain inflows for major bitcoin exchanges have been much lower than outflows in the last 24 hours. This trend indicates panic selling as the bitcoin price looks
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Ethereum Vs Bitcoin – How is Ethereum Different from Bitcoin

[ad_1] When it comes to cryptocurrency, Bitcoin and Ethereum are usually what come to mind first. While both currencies seem quite similar on the surface, the intention and growth are radically different. Let’s take a look at each coin individually first: Bitcoin The first virtual currency to be launched in January of 2009, Bitcoin was a white paper by a mysterious Satoshi Nakamoto. With the promise of lower transaction fees