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Secure, Controllable, Decentralized Data Sharing: An Interview With bitYoga CEO Antorweep Chakravorty

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Time Stamp: April 7, 2020 7:34 AM - Modified On: May 21, 2021 - Published By:
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Beyond its primary use case of powering cryptocurrencies, there’s no denying the priceless possibilities embedded in the underlying blockchain technology.  Coinfomania recently spoke to bitYoga CEO Antorweep Chakravorty. The Norway-based startup is a member of the EU-H2020 ARTICONF project and is piloting the adoption of blockchain technology for decentralized and secure data file sharing for the next generation of internet applications. He first spoke to us about how bitYoga got started. Antorweep was an associate professor of the University of Stavanger, Norway along with co-founder, Chunming Rong who was also

PlanB: Bitcoin Needs Only $200M Monthly to Stay Above $7k Level After Halving

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Time Stamp: April 6, 2020 9:43 AM - Modified On: May 21, 2021 - Published By:
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100trillionusd, the anonymous creator of the Bitcoin stock-to-flow model has provided new evidence to support the popular opinion that the price of Bitcoin will surge in the months after its historic third halving that is now less than three weeks away. The latest research puts into perspective the amount of cash inflow that Bitcoin has needed to stay above the $7000 level since October 2017, the reward paid out to miners for verifying a block of transactions, and the total number of transactions added to the Bitcoin blockchain monthly. To

Bitcoin Price Analysis: BTC Holds Above $6,800, Targets $7,000 Overhead Resistance

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Time Stamp: April 6, 2020 8:10 AM - Modified On: May 21, 2021 - Published By:
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On April 1, the BTC/USD trading pair rebounded at its low of $6,180 to reach the high of $6,726. The following day a price spike catapulted the coin to a high of $7,283 and immediately the bears pulled back. BTC/USD – 4 Hour Chart Today, and in the last three days, Bitcoin is relatively stable above $6,800. Besides the recent price spike, there has been price rejection at the $7,000 overhead resistance. On two occasions, the bulls have made two unsuccessful attempts to break the overhead resistance. Consequently, BTC fell

Bank of Korea Launches Experimental Trial for National Cryptocurrency

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Time Stamp: April 6, 2020 5:15 AM - Modified On: May 21, 2021 - Published By:
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The central bank of South Korea has announced the launch of its Central Bank Digital Currency (CBDC) pilot project to determine the requirements of issuing a government-backed cryptocurrency in the future.  According to a report by Yonhap today, the trial which commenced last month is a 22-month program focused on the technological and legal provisions needed to launch a CBDC. The Bank of Korea (BoK) believes the possibility of issuing a CBDC in the future is slim because of the increased demand for fiat currencies, the competitive nature of the global

IOTA Set for More Exposure on U.S Exchanges After New 2.0 CRC Rating

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Time Stamp: April 3, 2020 6:10 PM - Modified On: May 21, 2021 - Published By:
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IOTA (MIOTA), the native token of the distributed ledger technology project led by the IOTA Foundation, could potentially be listed on more cryptocurrency exchanges in the United States in the coming weeks, Coinfomania has learned. The anticipated listing spree, which has already begun with a Bittrex Exchange listing earlier today, follows a recent rating report published by the Crypto Rating Council (CRC) on IOTA. The digital asset has until now been sparsely traded on U.S exchanges. The reason is that its properties and mode of initial distribution (a token sale)

VanEck: Bitcoin Correlation to Gold Jumped in 2020 Amid Market Sell-off

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Time Stamp: April 3, 2020 2:38 PM - Modified On: May 21, 2021 - Published By:
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New York-headquartered investment management firm, VanEck has revealed in a new report that Bitcoin’s correlation to gold has risen significantly in 2020, especially during the recent broad market sell-off caused by the COVID-19 pandemic. According to the report published by Gabor Gurbacs, a Digital Asset Strategist at VanEck, Bitcoin’s correlation to gold has surged since the turn of the year and especially in recent weeks, further strengthening the debate the cryptocurrency is maturing as a safe-haven asset. Source (VanEck report) While the rest of the equity markets dipped in the

Bitcoin Bull Mike Novogratz Says He Might Ditch BTC if it Fails to Hit $20k This Year

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Time Stamp: April 3, 2020 1:58 PM - Modified On: May 21, 2021 - Published By:
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As Bitcoin (BTC) struggles to recoup the 2020 gains it shredded last month amid the Coronavirus pandemic, Mike Novogratz of Galaxy Digital is still bullish on the cryptocurrency, and he believes that BTC still has much more to offer. Novogratz predicts BTC at $20k in 2020 More like a life bet on Bitcoin, Novogratz said in an interview with CNBC’s Closing Bell segment on Thursday that he is ready to retire if the world’s most valuable crypto doesn’t hit the $20,000 mark this year. Speaking optimistically, the CEO of Galaxy

Battle of Elrond Launches on Samsung Galaxy Store

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Time Stamp: April 3, 2020 11:53 AM - Modified On: May 21, 2021 - Published By:
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The Battle of Elrond, a blockchain-based game from Elrond Network, is now available on Samsung dApp store to give users of the Samsung Galaxy and Note, the opportunity to interact with a medieval multiplayer 5v5 PVP arena. The development, according to the announcement today, is a product of a collaboration between Samsung and Elrond. The game will support a blockchain-based in-game economy integrated by the Samsung Blockchain Wallet and new players will receive $ERD, Elrond’s native token, as a welcome bonus for 5 PvP games.  The move was first revealed

Crypto Price Analysis: Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Huobi Token (HT), Ethereum Classic (ETC)

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Time Stamp: April 3, 2020 11:08 AM - Modified On: May 21, 2021 - Published By:
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While the general cryptocurrency market is recording profits over the last 24 hours, Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Huobi Token (HT), Ethereum Classic (ETC), are in their bear markets.  The cryptocurrencies have reached the oversold regions of the market. Presently, the altcoins are in bullish momentum recovering from the previous losses. BCH/USD Major Trend: Bearish Bitcoin Cash (BCH) is in a bear market. The bulls have been making concerted efforts to come out of the downtrend. One of the attempts is the breaking of the resistance line

Ripple’s Co-founder Chris Larsen Fully Recovers From Coronavirus Infection

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Time Stamp: April 3, 2020 6:01 AM - Modified On: May 21, 2021 - Published By:
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Chris Larsen, the co-founder and executive chairman of Ripple has become the latest COVID-19 Survivor, as he announced Thursday that he has fully recovered from the infectious Coronavirus.  With over a million people currently infected with the virus and more than 53,292 dead, Larsen said he is indeed grateful for his recovery.  Sharing his experience on Twitter, the Ripple executive expressed his gratitude to everyone on the frontlines who took it upon themselves to keep him and other COVID-19 victims safe.  He further encouraged those who have recovered from the

Confirmed! Brandon Chez Steps Down as Binance Completes Acquisition of CoinMarketCap

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Time Stamp: April 2, 2020 10:32 AM - Modified On: August 29, 2021 - Published By:
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It all started out as a rumor and many thought it was just another April Fool’s prank, but it is now official. Binance has acquired the largest cryptocurrency data tracking site, CoinMarketCap (CMC), the exchange announced today. The coming together of the largest crypto companies is considered an industry milestone, as it could eventually result in significant opportunities, especially in the area of cryptocurrency data tracking, which will contribute to the growth of the industry. While commenting on the development, the CEO of Binance, Changpeng Zhao (CZ), said that the