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  • 20% of Turks Use or Own Cryptocurrencies, Report Says

    20% of Turks Use or Own Cryptocurrencies, Report Says

    News
    A survey by a German data firm suggests that Turkey is one of the world's biggest adopters of cryptocurrencies despite the country having no legal framework for trading such assets. Hamburg-based Statista revealed that in an online poll one-in-five Turks said they had used or owned cryptocurrency. This could be related to the country's weaking fiat currency and economic woes, which could've led to increased cryptocurrency adoption as investors hedge. Source: Statista Cryptocurrency trading has been deemed illegal…
  • Bitcoin's Market Dominance Is of Over 90% When Measured by Liquidity, Research SuggestsRelated
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    Bitcoin’s Market Dominance Is of Over 90% When Measured by Liquidity, Research SuggestsRelated A

    News
    Simple analysis of the cryptocurrency market may be vastly underestimating the dominance of bitcoin, according to recent research by Arcane Crypto and reported on its Kryptografen blog. By taking the simple measures of bitcoin market capitalization - currently $181.8 billion - and the total market cap of all cryptocurrencies - now $264.9 billion - bitcoin would appear to have more than two-thirds (68.6%) of the cryptocurrency market share. While high valuation is not an irrelevant measure…
  • Peter Schiff Tells Tom Lee Bitcoin Will 'Never Hit 50k'Related
                        Articles

    Peter Schiff Tells Tom Lee Bitcoin Will ‘Never Hit 50k’Related Articles

    News
    Gold bug and crypto critic Peter Schiff has thrown down the gauntlet to bitcoin investors, by predicting that the price of BTC will never reach $50,000.  On Aug. 20, Schiff engaged in a social media debate involving Fundstrat’s crypto analyst and bitcoin permabull Thomas Lee over the future valuation for both gold and bitcoin. In a series of tweets, Schiff fired at CNBC’s Joe Kernen for promoting bitcoin and Anthony Pompliano while ignoring his previous advice…
  • Cryptopia Liquidators Seeking to Reconcile Exchange's Customer Accounts 'One-by-One'

    Cryptopia Liquidators Seeking to Reconcile Exchange’s Customer Accounts ‘One-by-One’

    News
    Liquidators administering the demise of Cryptopia, the New Zealand-based digital asset exchange, said they were making "good progress", but reconciliation of customer funds would still take some time. The main problem for the Grant Thornton team wrapping up the defunct exchange's business was in determining the value of customer holdings. There were two main reasons for the time and complexity of the process, the administrator said in statement. First, customers did not have individual wallets. Instead,…
  • U.S. Treasury Targets Bitcoin Addresses of Chinese

    U.S. Treasury Targets Bitcoin Addresses of Chinese “Drug Kingpins”Related Articles

    News
    The U.S. Treasury has reportedly blocked the bitcoin addresses of Chinese "drug kingpins" in an effort to reduce the opioid crisis plaguing America.  U.S. Treasury Targets BTC Addresses In an official press release published on Aug. 21 under the title “Treasury Targets Chinese Drug Kingpins Fueling America’s Deadly Opioid Crisis,” the government branch announced coordinated actions to bring “financial pressure” on the manufacturers and sellers of illegal opioids.  The Office of Foreign Assets Control (OFAC) identified a…
  • LBank Was the Top Crypto-to-Crypto Exchange in July Thanks to Large Trade Sizes: ReportRelated
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    LBank Was the Top Crypto-to-Crypto Exchange in July Thanks to Large Trade Sizes: ReportRelated A

    Depth News
    LBank has become the leading crypto-to-crypto exchange by trading volume in July, thanks to a 42% rise over the month of June - partly fueled by large trades. According to CryptoCompare’s July 2019 Exchange Review, LBank surpassed other leading crypto-to-crypto exchanges like OKEx and CoinBene in trading volume last month, even though the report does not include it in its "top tier" exchanges, with a D-rating. The rating comes from CryptoCompare’s Exchange Benchmark, which ranks over 100…
  • PARSIQ to Change Blockchain Monitoring Treating Them as “Live Streams of Actionable Events”Related

    PARSIQ to Change Blockchain Monitoring Treating Them as “Live Streams of Actionable Events”Related

    Depth News
    PARSIQ has announced the open public beta of its breakthrough monitoring solution which is the first blockchain monitoring platform to allow users to set up “smart triggers” to react to events on the blockchain in real-time. As opposed to existing blockchain explorers such as Etherscan, which approach blockchains like a database, PARSIQ treats blockchains as live streams of actionable events which can be interactively retrieved and reinterpreted in real time using its built-in language, ParsiQL. This…
  • OK Jumpstart Launches ‘Crowdfunding 2.0’ Blockchain Project on Seventh IEORelated
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    OK Jumpstart Launches ‘Crowdfunding 2.0’ Blockchain Project on Seventh IEORelated Articles

    Depth News
    OK Jumpstart, the initial exchange offering (IEO) platform of leading cryptoasset exchange OKEx, has launched a crowdfunding blockchain platform called Pledgecamp (PLG) on its seventh IEO. OKEx noted the launch came merely a week after its sixth token sale of Echoin (EC), which opened trading at around 3.5x the listing price it had on OK Jumpstart, at 0.04 USDK. On the cryptocurrency exchange, EC is currently trading at 0.06 USDK. Pledgecamp is reportedly a “crowdfunding 2.0’…
  • Insider Says Tether Will Issue a Yuan-Backed StablecoinRelated
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    Insider Says Tether Will Issue a Yuan-Backed StablecoinRelated Articles

    Depth News
    Tether, the company behind the popular USDT stablecoin, is reportedly planning to issue another stablecoin backed by the Chinese Yuan, according to an insider with ties to the organization.  New Stablecoin From Tether On Aug. 22, OTC trader and Bitfinex shareholder Zhao Dong said on WeChat that Tether is looking to launch another stablecoin backed by the Yuan, with offshore reserves held in Belgium. Bitfinex has shared ownership and management with Tether, giving more credence to…
  • Crypto Custody Firm Launches Service to Incentivize Users to Maintain Bitcoin NodesRelated
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    Crypto Custody Firm Launches Service to Incentivize Users to Maintain Bitcoin NodesRelated Artic

    Depth News
    Cryptocurrency custody firm Casa has announced the launch of a service that’ll reward users for maintaining their Bitcoin nodes online and help secure the Bitcoin network. According to the company’s announcement, the new service is called Node Heartbeats and is a way “to privately, quickly and securely check that your Casa Node is working properly from anywhere in the world.” The firm is also launching a “Heartbeat SatsBack Reward Program” that’ll reward users for regularly using…