Bitcoin 

‘Smart Money Came In’ After First Bitcoin ETF Rejection — Analyst

Bitcoin (BTC) changed its volatility characteristics as Cameron and Tyler Winklevoss unveiled the first Bitcoin exchange-traded fund (ETF), new data claims. Uploaded to social media by well-known statistician Willy Woo on Nov. 1, a chart of Bitcoin volatility shows a new phase beginning around March 2017.  Woo: “Smart money came in” after Winklevoss rejection This, the time at which U.S. regulators rejected the Winklevoss’ ETF application, was nonetheless a watershed moment for Bitcoin. “My thesis has always been that the 2017 Winklevoss ETF attempt was the first time in Bitcoin’s…

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Cryptocurrency 

Libra Chief Praises Its Anti Money Laundering Standards

Libra Chief David Marcus has claimed that the Anti Money Laundering Standards of the underfire project are superior to any other payment networks on the market today. Libra Scrutiny Means Its On Track, Says Chief Marcus is the CEO of Calibra, the corresponding digital wallet of Libra, and previously served as president of PayPal and a member of the Board of Directors at Coinbase. Speaking at the Money 20/20 conference in Las Vegas, he said, “I want to say that the efficacy of sanction enforcing can be much higher on…

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Bitcoin 

Cryptocurrencies Like Bitcoin are Not Real Money: German Parliament

Cryptocurrencies such as Bitcoin (BTC) are not real money, according to a statement published by the German federal parliament on Oct. 28. Not a payment vehicle, not a store of value Per the announcement, the assets offered by the current cryptocurrency landscape — such as Bitcoin — provide only a very limited portion of the features expected of traditional money. The statement – titled “Crypto tokens are not real money” – is based on an answer provided by the German federal government to a question from the Free Democratic Party…

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Bitcoin 

The Fed Just Printed More Money Than Bitcoin’s Entire Market Cap

Bitcoin (BTC) proponents are voicing fresh alarm after the United States Federal Reserve printed more than its entire market cap in new money this month. Fed balance sheet approaches $4T As noted by cryptocurrency social media pundit Dennis Parker on Oct. 21, since mid-September, the Fed has injected $210 billion into the economy.  Part of its newly-revitalized quantitative easing (QE) strategy, the move dwarfs the total market cap of Bitcoin, which stands at $148 billion.  QE refers to the buying up of government bonds in order to provide economic stimulus.…

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Bitcoin 

Yes, Even Bitcoin HODLers Can Lose Money in the Long-Term: Here’s How

Since dropping from its 2019 high at $13,800, Bitcoin (BTC) has been in a rut which has led to the price retracing roughly 43% to $7,800. Traders would take a more conservative approach and describe the last two months of price action as consolidation which is typical after parabolic advances. With the 2020 Bitcoin halving event approaching, the ultimate question on the minds of most investors revolves around whether or not Bitcoin will reach a new all-time high on the heels of the event and more importantly, when.  While every…

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Blockchain 

Overstock-Funded Bankorus Has No Money or Staff, Says $1M Shareholder

The largest shareholder in Overstock-funded blockchain wealth management startup Bankorus has claimed that the firm has no money left. In a statement issued on Oct. 6, Sonic Zhang said that previous funding deals for Bankorus had fallen through and that all its employees have resigned. Zhang: Bankorus “has run out of cash” As a contributor of more than $1 million to the company, Zhang said that he learned of the problems from its co-founder, Gregory van den Bergh, in July. “Bankorus has run out of cash, because the second round…

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Blockchain 

Unilever Says Its Blockchain Ad-Buying Pilot Saved the Company Money

According to a report published on Sept. 26, executive vice-president for global media at Unilever Luis Di Como told advertisement news outlet Campaign that using blockchain has helped the company save money. The consumer packaged goods giant said there was no leakage in its media investments made as part of the pilot project. The system reportedly allows for more efficient ad reconciliation in a “process by which advertisers ensure contracted agreements are actually delivered.” Unilever has been collaborating with computing giant IBM on the project in question for the past…

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Bitcoin 

Why 95% of Traders Lose Money and Fail

Almost all traders are aware of the widely publicized statistic that “95% of traders lose money.” When you drill deeper, research implies that this number is likely higher. The profession chews up and spits out aspiring traders at an astounding rate.  So why are so many intelligent people drawn to a profession with incredibly high odds of failure? 6 striking stats showing traders have it rough  There are the obvious reasons — the appeal of working for yourself, sitting in your underwear on your couch all day making millions. There’s…

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Blockchain 

Real Estate, Blockchain and the Quantity Theory of Money

The concept of illiquidity discounts, how it relates to markets like commercial real estate, and the benefits that tokenization could bring to the industry are topics that I have already discussed in previous articles. In this article, I am taking a closer look at the relationship between liquidity preference and the future demand for tokenized real estate investments. Related: Tokenizing Commercial Real Estate and the Promise of Liquidity Illiquidity discounts reflect the reduction in price that gets applied to an asset due to a shallow market and are particularly pronounced…

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Blockchain 

Upbit Exchange Delists Privacy Coins Due to Money Laundering Concerns

South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins. Block the possibility of money laundering In a Sept. 20 notice, UpBit announced that the exchange will delist and cease trading support for Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube (TUBE) and PIVX by Sept. 30. The exchange added that it will no longer support deposits in these cryptocurrencies and will cancel orders requested before the end of the transaction support in Korean won, Bitcoin (BTC), Ether (ETH) and…

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