Month: January 2019

NEM Foundation Enforces Budget Cuts and Shifts Focus to B2B

nem logoThe cryptocurrency industry is under a lot of pressure from different angles. Exchanges are getting hacked or forced to shut down. Numerous projects turn into blatant scams as developers bail. It now seems the NEW Foundation is forced to pivot its approach as well. A bit of an unusual development, although it also seems to make a lot of sense. A Tough Call for the NEM Foundation When cryptocurrencies turn bearish, few people tend to look beyond the repercussions to their own portfolio. A downward price trend isn’t healthy for anyone involved, and it doesn’t just affect traders. Over the

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Litecoin Price Moves up as $2bn Market Cap is Within Reach

TheMerkle Litecoin Price ATHA lot of interesting things tend to happen in the cryptocurrency world when people least expect it. As Bitcoin shows some minor bullish signs again, nearly all top market shave turned green. For Litecoin price watchers, the past few hours have proven to be rather interesting as well. Solid gains across the board brought the value back up to $32.09, which seems to act as the new support level. Litecoin Price Creeps up Again Although there hasn’t been too much Litecoin action throughout the first month of 2019, the silver to Bitcoin’s gold remains within the market cap top 7.

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Indian Government Invites Law Firm to Present Suggestions for Cryptocurrency Regulation

Indian Government Invites Law Firm to Present Crypto Regulatory Proposal With Self-RegulationThe Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies. The suggestions include avoiding prohibition, taking a balanced approach, options for licensing, and self-regulation for the industry. Also read: Indian Supreme Court […]

The post Indian Government Invites Law Firm to Present Suggestions for Cryptocurrency Regulation appeared first on Bitcoin News.

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Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018

Bitcoin Lender Genesis Capital Processed $1.1Bn Digital Asset Loans in 2018Cryptocurrency lender Genesis Capital provided $500 million worth of digital asset loans in the fourth quarter of 2018 alone, soaring almost 100 percent from six months earlier, when the company started its lending business. Altogether, loans reached $1.11 billion for the whole of last year. Also read: Iran in Talks With 8 Countries for use of […]

The post Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018 appeared first on Bitcoin News.

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The Wrapped Bitcoin Project Has Officially Launched on Ethereum

The Wrapped Bitcoin Project Has Officially Launched on EthereumOn Jan. 30, a group of cryptocurrency developers and organizations officially launched a project called Wrapped Bitcoin (WBTC) on the Ethereum network. The ERC20 token is a coin backed by bitcoin core (BTC) reserves and has started trading on several exchange platforms. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings The Introduction of […]

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