Prepare for Liftoff — South Korea’s Crypto Regulation Ignites in 2019

South Korea is at last seeing some progress in crypto regulation, and the government is benchmarking other major markets to oversee the local market. South Korea remains the third-largest crypto exchange market by volume, just behind the United States and Japan. Despite that, throughout the past three years, the government of South Korea has opted against fully regulating the local crypto market. In the second half of 2019, the government of South Korea started to work on several bills that would further legitimize the crypto sector and allow it to…

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Unpacking the Potential of Blockchain and Infrastructure in Africa

Africa is the fastest-growing mobile market and it could possibly make this continent the world’s biggest payment systems based on blockchain tech and unbanked industry. The vast swathes of Africa’s fertile lands may ultimately prove a central arena for the ground-up development of innovative digital infrastructure and green energy projects. Recent pivotal moments in African trade, such as the African Continental Free Trade Agreement, are setting the table for an environment conducive to rapid growth, where both energy and financial infrastructure are a primary focus.  Africa’s untapped economic potential is…

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Bitcoin SV Prices Soar After Craig Wright Claims Access to a Bitcoin Fortune

Craig Wright continues to defy everyone’s expectations. Craig Wright, the polarizing figure who may or may not be Satoshi Nakamoto, is today telling the court that he has received the keys to access an $8.9 billion crypto fortune called the Tulip Trust. Some background on what that means: Wright was a business partner to one David Kleiman, and they mined a lot of Bitcoin together back when that was an easier thing to do. The pair ended up with 1.1 million Bitcoin in their custody, and that stash is known…

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Peter Schiff’s Bitcoin $1,000 Prediction Falls Flat as Gold Drops 4%

A prediction that Bitcoin would soon drop to $1,000 just two months ago shows no sign of coming true, while gold conversely slumps. Bitcoin (BTC) rising above $8,500 appears to have left gold proponent Peter Schiff with egg on his face after he predicted its imminent downfall to $1,000.  Data from Cointelegraph Markets and precious metals monitor Kitco showed that while Bitcoin has gained 7.5% over the past week, gold has conversely slipped 4%.  Gold expected to hit $1,500 lows After reaching highs of $1,610 on Jan. 8, XAU/USD has…

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The Blockchain Approach to Customer Relationship Management

Blockchain tech can reshape the customer relationship management industry and lead it to new horizons. It has long been understood that satisfied customers are key to a thriving business. Customer relationship management, or CRM, enables just that by helping a business engage meaningfully with its customers, improving profitability while lowering costs. With companies ​spending​ a whopping $48.2 billion on CRM software in 2018 alone — up more than 15% from the previous year — and a forecast that CRM will ​become​ the largest segment in the software market by 2020,…

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The Race to Lead 3 Class-Action Suits Against Bitfinex Over 2017 BTC Bull Run Is On

Legal counsel for one of several active class-action lawsuits against iFinex for allegedly manipulating BTC’s price has filed to lead the entire class and proceedings. One legal team looks to lead the three ongoing suits against IFinex alleging that illegal conduct involving iFinex’s subsidiaries Tether and Bitfinex was behind Bitcoin’s (BTC) 2017 bull run. Per a Jan. 13 filing with the court of the Southern District of New York (SDNY), the counsel for Eric Young, Adam Kurtz and David Crystal are asking to be deemed “Interim Lead Counsel” for a…

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Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly

On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now the Fed is pondering giving money directly to hedge funds and private brokers in order to ease the current pressure and lack of liquidity within U.S. repo markets. Moreover, two Federal Reserve branch presidents have voiced concerns in regards to the American economy in 2020. Also Read: Money…

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US SEC Warns Investors That IEOs May Be Breaking Securities Law

The SEC posted a statement on Jan. 14 advising potential investors to be cautious with IEOs, which could be unregistered securities. The U.S. Securities and Exchange Commission (SEC) sent out a warning today from its Investor Education and Advocacy wing, urging citizens to be wary of initial coin offerings (IEOs). In a Jan. 14 statement on its website, the SEC said: “Be cautious if considering an investment in an IEO.  Claims of new technologies and financial products, such as those associated with digital asset offerings, and claims that IEOs are…

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Singer Akon Says World’s First ‘Crypto City’ Set for Senegal 2025

Singer Akon announced on Jan. 13 that the world’s first ‘crypto city’ — Akon City — is underway in Senegal and would feature Akoin cryptocurrency only. Singer Akon tweeted yesterday, “Just finalized the agreement for AKON CITY in Senegal. Looking forward to hosting you there in the future.” The futuristic city  Last year, Cointelegraph reported early plans for the futuristic city. The project portends a “100% crypto-based city with Akoin at the center of transactional life.” The metropolis would become Senegal’s first Leadership in Energy and Environmental Design (LEED)-certified city. It…

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BSV Soars 95% Challenging Its Original Fork Bitcoin Cash for Top 5

As Bitcoin rallied to a multi-month high at $8,859, altcoins vigorously shook off their current malaise by posting double-digit gains, most notably, Bitcoin SV. On Tuesday Bitcoin price (BTC) pushed through $8,600 and rallied all the way to $8,859 before taking what appears to be a breather near $8,750.  As reported earlier by Cointelegraph, crypto analyst Tone Vays predicted that if Bitcoin price gained above $8,600, $8,800 would serve as the next level of stiff resistance. At the time of writing Bitcoin is up 7.74% for the day and it…

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