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Hive Continues Independence Push as Steem Stakeholders Migrate to New Chain

[ad_1] Over the past few days, the ex-Steem blockchain community has gained an upper hand over Justin Sun and his recently acquired Steemit startup. After blaming Sun for attempting to centralize their network, a substantial part of the original Steem community successfully launched a hard fork called Hive. Steem stakeholders are now actively migrating to the new chain. Its in-house token HIVE, which has been distributed among STEEM holders via an
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Crypto Traders Explain What Caused the Bitcoin Price Plunge to $3,000

[ad_1] The Bitcoin (BTC) price dropped to $3,600 overnight, marking Bitcoin’s biggest daily drop in the last seven years. Over $1 billion worth of longs was liquidated on March 12, causing one of the most intense long squeezes in the crypto market’s recent history.The main catalyst of the sudden 50% decline in the price of Bitcoin within a span of eight hours was the 9.99% drop of the Dow Jones
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DeFi Skepticism, Decentralization, Tax Define London Blockchain Week

[ad_1] The final stage of London Blockchain Week looked as if it would be the latest victim to the coronavirus crisis. Many of the events that had initially been set to take place physically were held online. Others were canceled outright. But the jewel in the crown of blockchain week in London, CryptoCompare’s Digital Asset Summit, went ahead as planned. Rumors swirled that there would be poor attendance and mass dropouts
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Australian Tax Authorities Shed Light on Recent Crypto Investor Outreach

[ad_1] This week, the Australian authorities launched a major campaign to prompt as many as 350,000 crypto investors to comply with their tax obligations.In an interview with Cointelegraph on March 12, a spokesperson for the Australia Tax Office (ATO) said the campaign was designed to help raise awareness and give taxpayers “the opportunity to fix any mistakes” they may have made in reporting their capital gains on crypto trades.Encouraging voluntary
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Protecting Crypto Holdings Becoming Mainstream

[ad_1] Insurance underwriters associated with Lloyd’s of London are now backing a new liability policy designed to protect cryptocurrency stored in online wallets. With a modest minimum of 1,000 British pounds ($1,275) in protected assets and rather flexible terms, the product seems to be geared for retail and corporate investors. But who is behind the novel service, and how will the policy work?Forces behind the innovationDespite the enthusiasm expressed in
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Bitcoin Halving Can Have Negative Short-Term Effect on BTC Price — Here’s Why

[ad_1] The price of Bitcoin (BTC) has dropped right before and after the two previous block-reward halving events in 2012 and 2016. BTC is demonstrating a similar trend approaching the May 2020 halving.A theory has emerged that miners tend to sell before the halving to accumulate enough Bitcoin to finance their operations for many months after the halving occurs, allowing them to hold onto the majority of Bitcoin they mine.Theoretically,
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Poloniex ‘Last Resort’ Trade Reversals Necessary to Safeguard Trader Funds

[ad_1] Cryptocurrency exchange Poloniex remains confident that it has identified and fixed an error that caused a number of erroneous trades on the platform earlier this week. On Feb. 12, Poloniex made a decision to reverse all trades that took place during an 11-minute period due to a software error. The bug caused trades to be executed and accounted for inaccurately.The platform’s automated audit system picked up the affected trades
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Trump’s Proposed Budget Snubs Blockchain, Crypto in Crosshairs of Security Service

[ad_1] Earlier this week, the word “cryptocurrency” made it to the text of one of the United States government’s most consequential strategic documents: the Trump administration’s budget proposal for the 2021 fiscal year. However, the budget does little to enhance blockchain-powered innovation, as it included no additional taxpayer dollars in funding.The premise for mentioning digital currencies was, in fact, quite the contrary: the need to step up measures against financial crimes.
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Google Partnership with Hedera Hashgraph Can Generate $1.9B by 2024

[ad_1] Independent research firm Fundstrat predicts that Hedera Hashgraph, the enterprise-grade public distributed ledger platform, could generate $1.9 billion in value across its network by 2024. Fundstart’s predictions are highlighted in their latest report, which analyzes Hedera’s recent growth. The report shows that Hedera’s platform has handled over 36 million transactions since September 2019 when the network became publicly available for anyone to build, test and deploy applications on it. Hedera’s
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How Closely Does ETH Follow BTC?

[ad_1] Cryptocurrency market sentiment is often influenced by various factors, such as expert forecasts or political events. However, if analyzing on a wider time frame, it turns out that the prices of most cryptocurrencies — especially of Ether (ETH) — could mostly depend on the valuation of Bitcoin (BTC).The results of research conducted by analysts from Skew in November 2019 showed that ETH had been the highest-correlated cryptocurrency to BTC