Digital Assets

Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network

According to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project. Liquid or the Lightning Network Not on the Roadmap The top cryptocurrency payment processor …

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Cryptocurrencies Spread 4X Faster in Undeveloped Countries: Blockchain Analysis Report

During the month of April, the blockchain project Onfo initiated an experiment to see how fast crypto assets can gain popularity in four different countries. The team’s findings discovered that cryptocurrencies spread four times faster in developing nations as opposed to developed countries. Crypto Asset Network Effect Grows Stronger in Undeveloped Countries Last month, the …

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Iranian President Calls for Launching a Cryptocurrency Mining Strategy

Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s President Hassan Rouhani told the press that the country needs to spur a cryptocurrency mining strategy, …

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Generations of Debt: US Taxpayers Held Liable for Federal Reserve’s $6.9 Trillion Balance

The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts at Wall Street on Parade indicates that American citizens could be responsible for 98% of …

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Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT

During the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the daily performance of Bitcoin on any given day. Bitcoin.com Exchanges Adds Amun’s BTCSHORT Inverse Token …

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Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’

On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24% remain exclusively loyal to the digital …

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Covid-19 Economy Fuels Faith in Crypto: Trust In Bitcoin Over Banks Increased 3X Since 2017

The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017.” The study’s findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now. The researchers’ survey shows that since the post-Covid-19 economy is setting in, trust in bitcoin has grown 29% in the …

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Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for Bitcoin Cash

On May 7, the Cointext CTO and cofounder of Countermarkets, Vin Armani revealed a new project he’s been working on called “Signal, Watch, and Pay Protocol” (SWaP). Armani’s published specification and reference code of SWaP indicates that the platform allows “onchain, peer-to-peer negotiation and execution of ‘collaborative transactions.’” SWaP: Onchain, Trustless, and Collaborative Transactions Vin …

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Coinshares Acquires Gabi Trading: New Unit Traded $3 Billion Worth of Crypto in 2019

Coinshares on Thursday launched its trading business, Coinshares Capital Markets (CSCM), reporting that the unit traded over $3 billion worth of cryptocurrency in 2019 and $1.5 billion during the first quarter of 2020. The UK digital asset manager is basically rebranding Gabi Trading, a business that it is in the final stages of acquiring, according …

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California Assembly Considers Exempting Some Digital Assets From State Securities Law

A key lawmaker in the California Assembly has proposed exempting a narrow set of digital assets from the state’s definition of corporate securities.  The proposal, introduced Tuesday as an amendment to legislation first submitted by Majority Leader Ian Calderon (D-57), would free “digital assets” that are “presumptively not an investment contract” from the definition of …

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