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Last week Crypto News Today #18

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crypto news today

Wow, what a week this has been. And I am certain we have not covered all the news out there…just a boatload of activities in the blockchain and crypto space.  

If you are new here, you can check out the important crypto news compilation(From 25th November 2019) and from 2017 through now on our cryptocurrency news page.

This week in Blockchain and Crypto news:

LINE’s Digital Currency to launch in Japan

Line gets crypto licenseLINE Corporation is launching its Digital Currency, LINK, in Japan. “The total amount of LINK to be issued is limited to 1 billion.LINK will be distributed as user rewards, without an ICO,” according to their official website: Link.Network  Out of the total 1 billion LINKs, 800 Million will be distributed as rewards and 200 Million will be “managed by LINE Tech Plus, the issuer of LINK, as a reserve.”

Binance’s Futures Market Maker Program and Binance USD 

binance logoBinance is making news with its Futures offering and tying it to their Market Maker Program. Market Maker Program will offer the traders a negative fee on selected pairs. Binance had issued Binance USD in partnership with Paxos.  Users of the platform can avail BUSD through a collateral of their crypto in Binance wallet. “BUSD is a stablecoin backed by the US dollar, which was launched as a partnership between Binance and Paxos. In September 2019, Binance introduced the stablecoin as collateral against widely traded cryptocurrencies such as BTC and ETH. According to Binance, BUSD collateral will be available on its futures platform to provide greater variety for users.”  

BTCS to launch Digital Asset Data Analytics Platform

‘The First Blockchain Based US Public Company, BTCS, is expanding its business model by launching Digital Asset Data Analytics Platform.  In a press release, company has announced that “[BTCS] is expanding its business model with the development of a consumer-facing digital-asset data analytics platform that enables users to connect multiple digital asset exchanges and wallets to aggregate portfolio holdings into a single seamless platform to view and analyse performance, risk metrics, and potential tax implications.”  The Platform is expected to launch by the second half of 2020.

India Government Think Tank releases “Blockchain: The India Strategy”

Indian GovernmentNITI Aayog of India Government has released Part 1 of what it terms as a ‘two-part strategy’, titled “Blockchain: The India Strategy” has been welcomed by the Blockchain veterans and Crypto communities as it indicates the shift in tide of ‘Anti-Crypto nation’ to that of a Nation with Blockchain Strategy.  This paper sums up the experiences of NITI Aayog in implementing Blockchain systems and is expected to be used as a pre-read for implementing blockchain systems in India.

Singapore grants full license to Blockchain Capital Markets Platform

iSTOX has come out of sandbox mode to a fully licensed operation on Feb 1st.  According to the news, this license means “ the removal of restrictions for the platform, including limitations on the size of issuances it can host and the number of investors that can be onboarded.” ‘Designed by blockchain-based infrastructure firm ICHX Tech, iSTOX uses blockchain and smart contract technology in its platform infrastructure, such that all issuances can be bought and sold using fiat currency more efficiently.’

Telegram ICO: U.S. Judge seeks CFTC lawyers

Forbes reported on 3rd Feb, 2020, that “The Securities and Exchange Commission (SEC) sought a temporary restraining order (TRO) against Telegram and TON Issuer Inc. (collectively, “Telegram”), enjoining them from offering, selling, delivering or distributing “Grams” to any person or entity. The SEC argued that Telegram planned to “floo[d] United States markets with billions of . . . Grams through an unregistered offering of securities.”  On 7th February, US Judge has asked lawyers from CFTC to provide an opinion on the matter ahead of the scheduled hearing on 18th Februaury.

France outlines a path for Stablecoin Payment Systems

Denis Beau, First Deputy Governor of Bank of France, outlined three tasks for regulatory authorities to respond to stablecoin payment systems: i) avoid undue risks to the payment systems, ii) coordinate with regulatory framework and iii) keep an open mind.  Speaking at a conference, he stated that just because a new system has benefits doesn’t mean we overlook the material risks associated with the project.

USDA’s FSIS to utilize Blockchain to monitor export certification challenges

Food Safety and Inspection Service (FSIS) of the US Department of Agriculture is looking to develop its own proof of concept to address the concerns around export certification challenges. In its Annual Plan document, FSIS stated that one of its goals is to “develop a proof of concept for blockchain management as a potential mechanism for addressing export certification challenges and identifying greater efficiencies in the export certification process.”

Telangana State, India, starts T-Block a blockchain focused Incubator

Telangana State is inviting applications for its T-Block, Blockchain focused incubator.  Jayesh Ranjan, principal secretary ITE&C department said that “T-Block Incubator will be the torch-bearer to multiple future blockchain accelerators in the country,” according to Times Of India news post.  The Telangana Government has joined hands with the tech giant Tech-Mahindra to carry out this initiative.  

Gemini is now integrated with Trading view

“We are excited to announce that Gemini is now integrated with TradingView, a platform that provides real-time information and market insights to millions of traders every day. Gemini customers can now trade with Gemini using the TradingView platform,” read the announcement on Gemini website. According to the stats from 2017, TradingView enjoys 3 million active users per month which should be significantly more by now.  

Bakkt aims to turn your rewards points into a wallet you can spend anywhere

BakktWe are about to see a massive revolution in the rewards programs.  Bakkt is now planning to rollout a plan to turn the reward points into ‘cash/BTC’ that users can actually spend.  After purchasing Bridge2, a specialist that handles rewards redemptions for America’s biggest sponsors, Bakkt wants to make claiming rewards centralized, easy and in cash. “Loyalty points you don’t even know you have—the average American has more than a dozen rewards programs—are suddenly as spendable as the bucks in your checking account, just by scanning your rewards app at the checkout counter. What’s more, you can even get cash for video game points you could use only to buy, say, a sword to make your team mightier, and trade points for your Bitcoin on the same wallet,” according to Fortune.  

Lightning Labs raises $10 Million to build Visa like bitcoin network

Jack Dorsey backed Lightning Labs has raised $10 Million to build payments network similar to that of Visa network to make Bitcoin  (and other crypto) usable in day-to-day transactions. Lightning Labs co-founder and CEO Elizabeth Stark. “We’re building the Visa network for bitcoin,” said Stark, “But what I think is powerful, is unlike Visa, anybody can build on top of it.”  

Power Ledger wins contract with one of Italy’s largest green energy utilities

Jemma poweredger team“Power Ledger’s technology will be used to explore a number of new services for Alperia’s commercial and residential customers such as energy trading, origin tracking, measurement and verification as well as reporting of renewable energy certificates,” according to news published on Power Ledger’s official site. “Italy has been leading the adoption of renewable energy globally and is one of eight EU members to commit to phasing out coal by 2030. Leveraging Alperia’s customer base, Power Ledger’s technology will help demonstrate how the country can rapidly progress its green energy targets,” said Power Ledger Co-founder and Executive Chairman Dr Jemma Green.

Federal Reserve eyes Digital Currency

According to Reuters, Federal Reserve Governor, Lael Brainard, said that Federal Reserve is looking into the digital currency issuance possibilities.  “The Federal Reserve is looking at a broad range of issues around digital payments and currencies, including policy, design and legal considerations around potentially issuing its own digital currency” according to the Reuters article.

Six Central banks to hold digital currency meeting

The central banks of Britain, the euro zone, Japan, Canada, Sweden and Switzerland are expected to meet in April to discuss the digital currency aspects, according to Reuters. While most of these central banks have not commented on whether or not they are issuing their own Digital currency, the meeting is expected to discuss challenges of rapid digitalization and government readiness.

SEC proposes 3 year safe-harbor period for token sales

sec commisionSubject to certain conditions, SEC proposed a 3 year safe-harbor period for token sales.  Hesther M Price, one of the 5 commissioners of SEC, has penned the proposal that is live on SEC site. “This safe harbor is intended to provide Initial Development Teams with a three-year time period within which they can facilitate participation in, and the development of, a functional or decentralized network, exempt from the registration provisions of the federal securities laws so long as the conditions are met.  The safe harbor is also designed to protect token purchasers by requiring disclosures tailored to the needs of the purchasers and preserving the application of the anti-fraud provisions of the federal securities laws.”

Thank you for reading and sharing this article. We appreciate you.

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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