Kik Messaging App Now Has New Owner, Will Continue Work on Kin Token

MediaLab, a Santa Monica-based holding company, has finalized an agreement with Kik Interactive to acquire the Kik messaging platform. MediaLab, a Santa Monica-based holding company, has finalized an agreement with Kik Interactive to acquire the Kik messaging platform. MediaLab sees the long-term potential of Kik and Kin token On Oct. 18, in a blog post to the millions of members of the Kik community, MediaLab announced that it has acquired the Kik messaging app and explained how the acquisition will impact the app’s future. MediaLab said that the company is…

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Huobi Expands Services With Turkish Lira

Huobi, a prominent cryptocurrency exchange based in Singapore, has unveiled plans to increase the ease of access for individuals trading in the Turkish currency, the lira. The company announced this move via press release on October 18, 2019. It claims that its lira gateway will be the first of its kind for a global cryptocurrency exchange and will include full language localization and a Turkish-based team, as well as a mobile app and reduced trading fees. Huobi and Bitcoin Expansion in Turkey This latest announcement is a continuation of Huobi’s…

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Bitcoin Price Analysis: Grinding Market Slowly Drives Through Support

The bitcoin market over the last few days has been a series of grinding support/resistance tests that have brought us lower and lower toward our macro support at the $7,700s. So far, the market’s macro structure is holding support, but we are currently on our way toward a fourth test of major support — if we break that level, the drop could be fairly aggressive. The downside price target for a break of support would have us testing the mid- to upper-$6,000s. However, if we manage to hold support, the…

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Craig Wright: Either I’m Satoshi Nakamoto, or He Plagiarized Me

Australian computer scientist and tech entrepreneur Craig Wright has continued with his claims that he is the inventor of Bitcoin. Australian computer scientist and tech entrepreneur Craig Wright has asserted that Satoshi Nakamoto, the author of the Bitcoin (BTC) white paper, plagiarized him. Speaking at the CC London Investment in Blockchain and AI Forum 2019, which took place from Oct. 14 to Oct. 16, Wright claimed that he was about to reveal the ultimate proof of his authorship of the original Bitcoin code. This will come out, according to Wright,…

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Huobi Lira Onramp to Enable Crypto Trading for Turkish Users

Huobi has launched a fiat onramp for the Turkish Lira that will allow users in the country to trade cryptocurrencies on Huobi Global. Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019. Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange, Huobi Global claimed during the opening event at the Eurasia Blockchain Summit on Oct. 18. During the inaugural event hosted by Huobi Global, the company also revealed more information about its expansion into Turkey. Specifically,…

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Dollar Deposits On Binance.US Now Have FDIC Insurance Coverage

Binance.US announced that its customer’s dollar deposits are now eligible for FDIC insurance coverage. Binance.US — the United States-focused wing of major cryptocurrency exchange Binance — announced that its customer’s dollar deposits are eligible for Federal Deposit Insurance Corporation (FDIC) insurance coverage. FDIC insures deposits up to $250,000 In a blog post on Oct. 18, Binance.US announced that the exchange holds its U.S. dollar deposits in pooled custodial accounts at different banks that are insured by the FDIC, which is a United States government agency designed to protect consumers and…

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Blizzard Bans Hearthstone Player, Blockchain Comes to Rescue

Blizzard’s ban of Bitzchung for expressing his political views triggers community outrage. Is the blockchain coming to the rescue? The gaming world burst into an outrage as a result of Blizzard’s move to expel a leading professional gamer from Hong Kong, Chung Ng Wai (aka Blitzchung), from its international Hearthstone esports tournament. Hearthstone is an online game featuring collectible cards that give players certain characters and abilities for an edge against their opponents.   It was not long until Gods Unchained, a rival blockchain-based game, claimed it will give back Blitzchung…

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Two More US Jurisdictions Launch Blockchain-Based Mobile Voting

Two counties in the U.S. state of Oregon will pilot a blockchain-based voting program for select citizens in November. Two state counties in the United States are implementing blockchain-based mobile voting in the special elections in November. On Oct. 18, the nonprofit Tusk Philanthropies announced its partnership with Jackson and Umatilla Counties in Oregon to pilot the mobile elections platform Voatz. The pilot offers eligible voters to cast their votes using their smartphones, which are secured through blockchain and facial recognition technology. Pilot participants are mostly servicemembers overseas The pilot…

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Price Analysis 18/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO

Bitcoin is at a critical crossroad. What are the different possibilities and important levels to watch out for? Let’s analyze the charts. The traditional financial system is heading to a disaster with about $17 trillion in global bonds returning negative-yields. “The whole concept of negative yields, of people paying for the privilege of lending money, is insane behavior to me,” said William Eigen, a veteran fund manager at JPMorgan Asset Management, in an interview with Bloomberg. Gemini crypto exchange co-founder Cameron Winklevoss believes that the staggering amount of negative-yield bonds…

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German Minister Doubles Down on Statements Against Facebook’s Libra

German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Libra. German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Facebook’s Libra stablecoin. At the International Monetary Fund and World Bank fall meeting on Friday, Scholz stressed that stablecoins could pose international risks, Reuters reported on Oct. 18. Scholz expressed his utter skepticism regarding the social media giant’s plans, stating: “We will carefully monitor the situation with…

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