Bitcoin Price Remains Uninspired at $10,200, Altcoins Go Into Red

Bitcoin fails to impress while it is back at trading sideways at $10,200, as most of the altcoins experience a red candlestick day. Friday, Sept. 20 — The price of Bitcoin (BTC) remains largely uninspired and is once again trading sideways around the $10,200 price mark. Market visualization. Source: Coin360 Although BTC is back at trading sideways, Fundstrat Global Advisors co-founder Tom Lee expects this to change with the coming launch of Bakkt and is positive on its ability “to improve trust with institutions to crypto.” The world’s largest cryptocurrency…

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How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects

Brexit, the European divorce saga that has been going on for years, has created a lot of headaches for politicians and ordinary people on both sides of the Channel. The process of Britain leaving the European Union is now heading towards another one of its deadlines while London and Brussels are trying to separate with an agreement. U.K. Prime Minister Boris Johnson vowed there will be an exit on October 31, deal or no deal. Brits and their Euro neighbors are bracing for another jolt in the continent’s economic and…

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Upbit Exchange Delists Privacy Coins Due to Money Laundering Concerns

South Korean exchange UpBit has announced the delisting of certain privacy coins, citing 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…

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Malaysian Ministry of Education Fights Fake Degrees With Blockchain Tech

The Malaysian Ministry of Education has introduced a blockchain platform to tackle the rampant use of fake educational certificates. The Malaysian Ministry of Education has introduced E-Skrol, an application built on the NEM blockchain to deal with the issue of certificate fraud through the use of blockchain technology. In a Sept. 19 article by local news agency Bernama, the Ministry of Education in Malaysia announced that the previously introduced E-Skrol blockchain application, which makes it possible to verify the authenticity of Maylaysian educational degrees, will now be available for all…

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Bitcoin Price Analysis: Range-Bound Market Tests Macro Milestones

Summary: Amid an otherwise uneventful market structure, bitcoin seems to be making a consolidation pattern known as a “head and shoulders bottom.” The pattern is still forming and is not yet actionable, but if it manages to break to the upside, it could push the market to retest its $12,500 high.   The bulls really want to see a weekly close above the $10,300 level outlined in this video because that represents a strong weekly/monthly level. A close below this level would be a sign of potential bullish weakness and an…

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Former Iced Tea-Turned-Blockchain Company Sells Beverage Subsidiary

Former iced tea-turned-blockchain company Long Blockchain Corp. has sold its beverage subsidiary. Long Blockchain Corp., previously named Long Island Iced Tea, has reached a definitive agreement to sell its beverage subsidiary, Long Island Brand Beverages. Lemonade company adds blockchain to its name In a Sept. 20 press release, Long Blockchain announced the sale of its beverage subsidiary to Canadian firm ECC2 Ventures.  Andy Shape, CEO of Long Blockchain stated that this transaction will allow the company to concentrate its efforts on the underlying loyalty operating business, adding:  “Our loyalty platform…

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Got ID? New Projects Explore Blockchain Identity Systems

Governments and private companies think that blockchain identity systems could empower citizens to take control of personal data. The rapid onset of technological advancement is not evenly spread. Society is increasingly becoming digitally literate and uses emerging technology for work, to communicate and pay for things in ways unimaginable just 15 years ago. So, why are methods of governance largely unchanged since the invention of liberal democracy hundreds of years ago?  Although many aspects of government remain entrenched in the past, one area is being brought into the 21st century:…

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Op Ed: Hear Me Out … In a Post-Area 51 World, Bitcoin Could Be Our Best Hope for Alien Interaction

Picture this: It’s a blistering, dry morning in the middle of the Nevada desert. Thousands of people line up, arms outstretched, ready to make their full-fledged sprint into the notorious, yet unknown U.S. Air Force facility known as Area 51 base. Overwhelmed by the sheer number of assailants and aversion to harming innocent people, the guards lay down their weapons and allow these ridiculous crusaders access to the secret research taking place there. Sure enough, the Area 51 raid has worked and alien hunters turn a corner and find themselves…

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CME Group to Offer Options on Bitcoin Futures in Q1 2020

The Chicago Mercantile Exchange (CME) Group plans to add options to its bitcoin futures contracts at the beginning of 2020. In an official announcement made on September 20, 2019, the company, which launched its first futures product in 2017, said that the bitcoin options would provide clients with “additional tools for precision hedging and trading.”  The options are currently being reviewed by regulators, and CME confirmed that once the addition clears, they will be available for purchase. Bitcoin futures contracts allow investors to buy bitcoin at a predetermined price at…

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BitMEX CEO Arthur Hayes Says Traders Could Lose Weekends, Lunch Breaks

BitMEX CEO and co-founder Arthur Hayes says traditional traders could lose their lunch breaks and weekends once digital finance starts to change the face of markets. BitMEX CEO and co-founder Arthur Hayes says traditional traders may lose their lunch breaks and weekends as digital finance is going to change everything, including workplaces. Cryptocurrencies trade 24 hours a day, seven days a week In a Sept. 19 article by Bloomberg, Hayes noted that cryptocurrencies trade 24 hours a day, seven days a week, and that this will end up affecting “everything…

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