Bitcoin’s Liquid Sidechain is Being Adopted by Swiss Finance Industry

Bitcoin liquid sidechain swiss switzerland

Swiss IT consulting firm Inacta AG has become an official partner of Blockstream’s Liquid Sidechain for Bitcoin, the company confirmed December 17. Tokengate Meets Liquid Sidechain Inacta, one of many Blockchain-focused companies headquartered in Switzerland’s Crypto Valley in the town of Zug, also became the first token platform operator to support Liquid tokens. Billed as the first “production-ready” Bitcoin sidechain, Liquid launched in October this year, officials heading off initial criticism about the requirements it

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Stablecoin Tether is Fully Backed By Dollars, New Bank Statement Reveals

Rumors about stablecoin Tether not being fully backed by dollar reserves are looking increasingly thin, according to the latest bank statements, which show that USDT is fully backed by dollar reserves.  2.2 Billion in the Bank Purportedly, statements from four separate months, detailing the cash held in Tether’s accounts, confirm the Tether USDT  stablecoin is fully backed by dollar reserves. Bloomberg reveals the latest statement showing that $2.2 billion was present in Tether’s account at Puerto Rico’s Noble

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Many EOS Block Producers Are Underwater With Price Below $3

The tumbling market has caused an upheaval in the top market cap positions. EOS, for example, has surpassed both Bitcoin Cash (BCH) and Litecoin (LTC) in terms of market capitalization. But despite being the 5th largest cryptocurrency, its network might be in jeopardy, according to a recent survey.  EOS Surpasses Bitcoin Cash It’s safe to say that the cryptocurrency market has seen better days than the last month. For the last 30 days, the entire

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Many EOS Block Producers Are Underwater With Price Below $3

The tumbling market has caused an upheaval in the top market cap positions. EOS, for example, has surpassed both Bitcoin Cash (BCH) and Litecoin (LTC) in terms of market capitalization. But despite being the 5th largest cryptocurrency, its network might be in jeopardy, according to a recent survey.  EOS Surpasses Bitcoin Cash It’s safe to say that the cryptocurrency market has seen better days than the last month. For the last 30 days, the entire

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Executive Blockchain Advisor

White House Considers Ripple as a Foil to China's Bitcoin Dominance

It’s been one year now since bitcoin achieved an outstanding all-time high of $20,155 per coin and today it seems we’re testing new lows of $3,122, a total drop of 84.5%.  This massive slide in value may seem unprecedented but in fact, retracements of this magnitude have happened no less than four times in Bitcoin’s short history. To get a better understanding of Bitcoin’s price cycles please see this article that I wrote for Global Banking & Finance

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Bitcoin Economist Saifedean Ammous Rips ‘Relics of the 20th Century’

What happens when you gather together a bunch of staunch, skeptical, middle-aged financial capitalists with a feisty, quick-witted Bitcoin economist like Saifedean Ammous? A whole bunch of sparks starts to fly. If you do nothing else today, take the time to watch the below video in which author of the Bitcoin Standard, Saifedean Ammous, rips into The Spectator’s Business Editor Martin Vander Weyer. Vander Weyer opens up the panel in a typically condescending manner, saying

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‘Stop Calling Him Oracle’: Paragon, Dentacoin and BCH Haunt Vinny Lingham

vinny lingham BTC price

Civic CEO Vinny Lingham is the subject of no confidence calls this week after his startup partnered with controversial blockchain entity Dentacoin. Dentacoin Goes For Damage Control Lingham, who raised $33 million for Civic in an ICO last year, had remained largely quiet regarding use of the funds, the ongoing cryptocurrency bear market taking a heavy toll on its CVC token which currently trades at record lows. Netherlands-based Dentacoin, which itself has gained a dubious

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Crypto Millionaire Literally ‘Airdrops’ $100 Bills From Rooftop in Hong Kong

airdrop

A Bitcoin millionaire and cryptocurrency loud mouth was arrested in Hong Kong over the weekend for causing mass hysteria after an airdrop of several HK $100 bills from an apartment rooftop. Hong Kong Style ‘Air Drop’ On Saturday (December 15, 2018), Wong Ching-kit; a cryptocurrency promoter caused a stir when he tossed several HK$100 from an apartment rooftop in Hong Kong. According to local media, a viral video of the incident has the man dubbed as

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Only Binance and Bitfinex Do Not Fake Volume, New Report Finds

fake volume wash trading

The Blockchain Transparency Institute has released its December Exchange Volumes Report, delving deeper than ever before into suspected wash trading. The conclusions paint a rather damning picture. Only 2 of CoinMarketCap’s top 25 BTC pairs aren’t massively inflating actual volume. It’ll Come Out In The Wash As part of the report, the Institute used its algorithm to calculate the true volume of the CMC top 25 Bitcoin trading pairs. It discovered that the vast majority of

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Bitcoin Price Now Hinges On 50-Month Moving Average

Bitcoin price analysis moving average

BTC traders were concentrating on one metric in particular this week as Bitcoin price slowly slides towards $3000. Bitcoin’s ‘All Over’ Scenario The largest cryptocurrency had recovered from fifteen-month lows over the weekend around $3130 to trade around $3200 at press time December 17. In the short term, however, the situation could deteriorate exponentially, veteran trading guru Tone Vays warned in his latest market update Sunday. Vays, who had previously correctly forecast BTC/USD’s drop to

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