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Token Launches From Ethereum to Telegram: Where Do We Go From Here?

Source Node: https://cointelegraph.com/news/token-launches-from-ethereum-to-telegram-where-do-we-go-from-here
Time Stamp: August 12, 2020 9:51 AM - Modified On: May 21, 2021 - Published By:
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In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do not speak publicly about ongoing enforcement actions. In late July, however, with the Telegram case settled, Commissioner Peirce gave a speech titled “Not Braking and Breaking” that pointedly questioned the approach taken by the SEC in the Telegram case. Concluding her remarks, Commissioner Peirce asked:“Who did we protect by bringing this action? The initial purchasers, who

DeFi Token Serum Surges 1500% in 12 Hours After Listing

Source Node: https://cointelegraph.com/news/defi-token-serum-surges-1500-in-12-hours-after-listing
Time Stamp: August 11, 2020 9:42 PM - Modified On: May 21, 2021 - Published By:
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The latest DeFi token to moon is for the decentralized derivatives exchange Serum ,which surged by four figures following its launch and exchange listings.The Serum Project is a new, non-custodial DEX that launched on August 11 and its native SRM token has since surged 1500%. The Serum Project is a collaboration between centralized derivatives trading platform FTX, and Solana, a low-fee, high-speed, interoperable smart contract blockchain. Launched less than 12 hours ago at the time of writing, the token has skyrocketed from the launch price of $0.11 to more than $1.80

UAS: The First Government to Bring Blockchain Development to The Masses

Source Node: https://bitcoinerx.com/blockchain/uas-the-first-government-to-bring-blockchain-development-to-the-masses/
Time Stamp: August 10, 2020 3:39 AM - Modified On: May 21, 2021 - Published By:
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What constitutes development? Would one know it when they saw it? More importantly, why should it matter whether or not a nation attains it? Answers to these seemingly simple questions are as varied as people are. However, simply put, development is the expansion of a nation’s economy, complemented with a significant rise in its citizens’ living standards. From this, it is apparent that development is visible—additionally, its attainment matters. Africa, compared to other regions, is underdeveloped, albeit resource-rich. Ironically, incomes continue to rise across the continent while a majority of

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

Eerily Accurate Analyst Thinks Bitcoin Could Hit $20,000 in the Next 3 Months

Source Node: https://bitcoinist.com/eerily-accurate-analyst-bitcoin-hit-25000-next-3-months/?utm_source=rss&utm_medium=rss&utm_campaign=eerily-accurate-analyst-bitcoin-hit-25000-next-3-months
Time Stamp: August 8, 2020 3:00 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin has finally started to show weakness after recovering from last weekend’s flash crash. After falling as low as $10,500 last weekend, the leading cryptocurrency surged as high as $11,950 before retracing. As of the time of this article’s writing, BTC trades for $11,500, sliding to this critical level from the aforementioned highs. The retracement for Bitcoin has been bearish, especially considering it was rejected at $12,000 again. Some remain optimistic that Bitcoin bulls are in control, though. One historically accurate analyst that predicted BTC’s macro price action is still

What is Wrapped Bitcoin? A Guide to WBTC

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Time Stamp: August 8, 2020 12:24 AM - Modified On: May 21, 2021 - Published By:
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WBTC is a way for Bitcoin to run on the Ethereum blockchain. Performing quick and affordable transactions using Bitcoin (BTC) has long been a problem of the community ever since it became more popular. This is why there have been many developments planning to address this issue.  But what if we can make our BTC coins functional on the Ethereum (ETH) blockchain? Would there be a difference? Wrapped BTC (WBTC) is a multi-institution project that aims to solve common BTC problems by creating its ERC-20 token counterpart. And in the

OneCoin Co-Founder Escapes 90-Year Jail Term Following Court Settlement

Source Node: https://cointelegraph.com/news/onecoin-co-founder-escapes-90-year-jail-term-following-court-settlement
Time Stamp: August 7, 2020 4:37 PM - Modified On: May 21, 2021 - Published By:
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Konstantin Ignatov, co-founder of major cryptocurrency exit scam, OneCoin, initially faced up to 90 years in jail after pleading guilty in November 2019. Now, however, it seems that Ignotov is no longer one of the key defendants in legal actions brought by victims of the $4 billion scam, according to a report from Finance Magnates on Aug. 7.OneCoin investors representing plaintiffs Donald Berdeaux and Christine Grablis have agreed to settle with Ignatov.While the details of the court settlement remain unclear, court documents indicate that the case will continue to target

Wall Street Veteran Explains Why He’s “Irresponsibly” Long on Bitcoin

Source Node: https://bitcoinist.com/wall-street-veteran-explains-why-hes-irresponsibly-long-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=wall-street-veteran-explains-why-hes-irresponsibly-long-bitcoin
Time Stamp: August 7, 2020 8:00 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin has gained steam over recent weeks, hitting $12,200 last weekend as buyers rushed in. Analysts say that the cryptocurrency market has room to move higher due to technicals. But from a fundamental standpoint, some argue that BTC is more bullish than ever before. Raoul Pal, the CEO of Real Vision and a Wall Street veteran, recently touched on this. He told his Twitter following on August 6th that he’s “irresponsibly long” on Bitcoin due to the fundamentals. This Ex-Goldman Sachs Exec Is “Irresponsibly” Long on Bitcoin For This Reason

Why Klaytn and Link Will Catalyze Blockchain Adoption in Asia

Source Node: https://bitcoinist.com/why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia/?utm_source=rss&utm_medium=rss&utm_campaign=why-klaytn-and-link-will-catalyze-blockchain-adoption-in-asia
Time Stamp: August 4, 2020 12:23 PM - Modified On: May 21, 2021 - Published By:
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In the last two years, popular messaging giants in Asia and Europe have announced plans to launch a blockchain-powered cryptocurrency. In Asia, Kakao’s Klaytn and Line’s Link platform have launched and are quickly gaining momentum, but Facebook and Telegram’s cryptocurrencies have not fared so well. Messaging Giants Pushing Blockchain Adoption As it stands, Kakao is by far the most dominant mobile platform in Korea with a market share of 97% in the country. Kakao subsidiary Ground X began development of Klaytn back in 2019, after raising $90 million in both

Bitcoin Reddit Roundup – July 2020

Source Node: https://bitcoinmagazine.com/articles/bitcoin-reddit-roundup?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-reddit-roundup
Time Stamp: August 1, 2020 12:07 PM - Modified On: May 21, 2021 - Published By:
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Welcome to the second edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine! This roundup contains 45 links to the best quality content that was uploaded to Bitcoin Reddit this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other forums as well, such as r/BitcoinMining. In this roundup there are 10 different categories of links: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents) and, last but not least, Memes, Fun, And Other. Big shoutout to Sam Wouter,