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Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binance’s own token, BNB.
The company made the announcement on its official blog, making particular note of the auditing process USDC undergoes to prove that each coin is backed 1:1 with the USD.
“For increased transparency, USDC has engaged a top-ranking auditing firm to release monthly balance attestations of the corresponding USDC and USD balances held/issued,” the post reads.
Two states in Germany, Saxony and Hesse recently conducted a survey to over a thousand people to find out their opinion on Bitcoin.
The findings in the survey might not surprise anyone as younger people were quite open to the idea of cryptocurrency and Bitcoin. Around 28% of people aged from 18-29 said that purchasing them is a conceivable idea.
The risks are still there
Despite the survey not targeting a specific group of people such as people who are into technology which would have left the results to bias towards to crypto.
China is seen as a country which is against digital currencies, a series of pro crypto moves are opening up on what is the ‘forbidden’ world of crypto. Recently, a local court in the country has allowed merchants to accept Bitcoin as a payment method and recognised the digital currency as a property leading to people being able to transact it, own and so on.
This is a shock move for many in within the industry and it might start to open up doors for a crypto future in the biggest manufacturing hub in the world. Slowly but surely, China is working to legalise cryptocurrencies and open up their country.
Elvira Nabiullina, the head of the Central Bank of the Russian Federation, claimed that investors’ excitement toward cryptocurrency has begun to cool. Her remarks came at the FINOPOLIS innovative financial technology forum. Cryptocurrency Fever ‘Beginning to Disappear’ The famed Russian economist and former economic advisor to the Russian President Vladimir Putin represented businesses’ point of view … Continued
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Throughout 2018, Bitcoin has continued to record lower highs, testing major resistance levels at $ 10,000, $ 8,000 and $ 7,000. According to Fundstrat’s Tom Lee, the stability of Bitcoin at $ 6,000 regardless of its lower highs is optimistic. In early 2018, Fundstrat emphasized in a report that the $ 6,000 level will likely be held by Bitcoin in
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There’s a huge new trend that is sweeping the investment world and no, it’s not Bitcoin. The rise in the legalisation of Marijuana has led to the development of a new investment opportunity, Cannabis Shares, a culture that now allows investors to purchase shares in various legal cannabis based projects, be that the sale of cannabis itself, or products made of cannabis.
Naturally, finance magnates love to turn any commodity into an investment opportunity, therefore this sort of thing was always inevitable with the international changes in cannabis legislation, however, many are now starting to see similarities between cannabis shares and cryptocurrencies, with many starting to worry that eventually, the cannabis industry could well wipe out the need for crypto-investment for good.
Mining Bitcoin is a process that is loud, hot, expensive and also very noisy. As a result, mining efforts on a large scale tend to be focused out of town, in rural settings in factories that have an exclusive energy supply, in areas that are naturally very cold. This is the perfect setting for a mining farm, even so though, it seems that mining in remote locations isn’t enough for some people.
According to reports out today, one farm in Norway has been the victim of bomb threats from one very disgruntled local, as a result of the noise generated by the hardware in use at the farm.
The Bitcoin network is now regularly producing blocks over the 1MB block size limit that was in place prior to Segregated Witness (SegWit).
Bitcoin Blocks Now Exceed 1MB
Bitcoin 00 has been growing in popularity since it was created almost a decade ago. It is used by more and more people each day — and more transactions mean bigger blocks forming the block-chain.
The blocks produced by the Bitcoin network (approximately every 10 minutes) are now exceeding the 1MB limit that was in place before Segregated Witness was introduced in August of last year. “After the upgrade to SegWit in August 2017, although in a much slower fashion than many had hoped, the old 1MB blocksize limit is slowly starting to fade away,” BitMex Research wrote today.
The cryptocurrency trading market is about to receive an influx of more big banks, hedge funds and other financial institutions within the next few months to a year. A new survey shows that while most are keeping quiet in public about their crypto plans, many are preparing to enter the field.
Big Players Prepare to Charge
Toronto-headquartered multinational information firm Thomson Reuters Corporation (NYSE: TRI), published a survey on Tuesday revealing that 20% of financial institutions are studying the possibility of entering the cryptocurrency trading space within the next 12 months period. Furthermore, 70% of those considering starting trading cryptocurrencies are planning to do so in the next three to six months, according to the survey.