Cryptocurrency Exchange Seed CX Cuts Trading Fees to Gain Market Share

Cryptocurrency exchange Seed CX is cutting its trading fees to one of the lowest levels in the industry in an attempt to gain additional market share. Institution-oriented cryptocurrency exchange Seed CX has cut its trading fees to what it claims to be the most competitive levels globally. Competition heats up in crypto trading space On Sept 16, the Chicago-based crypto exchange Seed CX announced that it was lowering its trading fees to some of the lowest levels in the industry. The fee cuts follow a week of purported record trading…

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Discovering Bitcoin Part 5: Digital Scarcity

This is the fifth installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time, Discovering Bitcoin Part 2: About People, Discovering Bitcoin Part 3: Introducing Money and Discovering Bitcoin Part 4: A Wrong Turn (New Plan Needed)! Next in the “Discovering Bitcoin” series, we will build on the previous events of money virtualization, establishment of dangerous monopolies and emergent needs for decentralization, to explore concepts of scarcity in the “virtual” world,…

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Bitcoin Price Analysis: Deep Shakeout Rallies Off Strong Support

Summary: A deep test of support pushed the bitcoin market down $600 over the course of an hour. Ultimately, after testing weekly support, the market managed to retrace the entire drop and push a new high. At the moment, we are retesting macro support/resistance at $10,300 and if we can manage to close our weekly candle back above the support, it will be a strong bullish signal that we are likely in for a  continuation of our uptrend. Trading and investing in digital assets like bitcoin is highly speculative and comes…

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Price Analysis 20/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

Can the altcoins continue their rally after a shallow pullback? Let’s analyze the charts. Though Bitcoin’s (BTC) price action has largely been lackluster in the past few days, it could change with the launch of Bakkt. Fundstrat Global Advisors co-founder Tom Lee is positive on “Bakkt and its ability to improve trust with institutions to crypto.” The crypto markets have been waiting for institutional interest to fuel the next leg of the up-move and Bakkt is an important step in that direction. To maintain its advantage, the Chicago Mercantile Exchange…

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Malaysian Ministry of Education Fights Fake Degrees With Blockchain Tec

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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FCA Warns Public About Clone Firm Offering Crypto Investment

The U.K. Financial Conduct Authority has warned the public about a cryptocurrency investment clone firm called First BTC FX. The British Financial Conduct Authority (FCA) has warned the public about First BTC FX, a supposed clone firm offering fraudulent crypto investments. Using details of an FCA-authorized firm According to an FCA warning published on Sept. 20, First BTC FX is posing as authorized firm First Global Limited. First Global is a trade name for nonprofit organization International First Committee Association. First BTC FX also claims to represent a trade name…

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OTC Trading Platform by Binance For Chinese Yuan Launching Soon

Binance is planning to roll out it’s over-the-counter (OTC) trading platform for Chinese yuan in October. The chief marketing officer (CMO) and co-founder of Binance, Yi He revealed the crypto giant’s intentions earlier this week. According to He, the crypto exchange’s new OTC onramp will be launched next month at the latest and will only be targeting the Chinese market. He also mentioned that the plan currently envisions only supporting the Chinese renminbi. The OTC trading platform is not something new to Binance Currently, Binance has already set up an…

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Nebula Genomics to Begin DNA Sequencing Via Blockchain Technology

Nebula Genomics will soon begin DNA sequencing via blockchain technology. The system will completely eliminate the need for customers to reveal any personal information. According to the company’s blog post, anonymous genetic testing is already underway. Clients are therefore able to purchase whole-genome sequencing and freely provide saliva samples without the need to share any personal information such as a name, address or even a credit card number. Nebula managed to achieve this by developing and implementing a blockchain-based product, which enables transparent and controlled data sharing. The system of…

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Fraudulent TON Investment Ads Reportedly Circulating Facebook

Fraudulent advertisements have reportedly begun to circulate Facebook, offering to join the Telegram Open Network investment platform. Fraudulent advertisements have reportedly begun circulating Facebook offering to join the Telegram Open Network (TON) investment platform. As Russian news outlet Kommersant reported on Sept. 20, ads promoting the so called “Successful Investor” account appeared on Facebook. Once clicked, the ad leads to a website disguised as Russian economics and technology media outlet RBC, where a publication — which looks like an investigation article — has built-in links to a site with a…

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Are Tax Moves to Puerto Rico Worth It for Crypto Holders?

Some in the crypto community have embraced Puerto Rico. Could it be the country for you? Some in the crypto community have embraced Puerto Rico, which seems to have done a good job of promoting itself. But is it for you? I can only address the tax issues, not anything else.  To a large extent, the tax issues depend on what kind of income you will generate, whether personal or business, from where you generate it, and when the income — or even the appreciation in assets — occurs. Ideally,…

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