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Chinese Bitcoin Bull Predicts Bitcoin to Hit $740,000 Despite the Prolonged Crypto Winter

Feb 11, 2019

Zhu Fa, co-founder of crypto mining pool Poolin, recently made a bullish statement on bitcoin’s price, predicting that bitcoin would surge to new highs at 5 million Chinese yuan (roughly US$740,000). From record high above $17,000 to year lows near $3,000, Bitcoin’s year-long turbulence...

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Lightning Network’s Rising Popularity and Bitcoin, Altcoins

Feb 9, 2019

So much is being said about Lightning Network (LN) of late as its capacity continues to rise - above 659 BTC (about $2.42 mln) as at the time of this writing. The solution's growth rate and the progress it records has seen more wallets running it to achieve the purpose of facilitating small...

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Binance’s Changpeng Zhao: Cryptp Entrepreneurs and Real Projects Are Key to the Industry Growth, Rather Than ETFs

Feb 8, 2019

Binance CEO Changpeng Zhao, better known as CZ in the cryptocurrency community, claimed Binance is considering a partnership with the world’s leading blockchain startup Ripple to use its XRP-powered xRapid platform in a Periscope Ask Me Anything session on Feb. 6, where he answer...

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$147m Crypto At Stake As Exchange Owner Dies in India, Claims Bankruptcy

Feb 7, 2019

How funds worth about $147 mln in cryptocurrency would be recovered from the QuadrigaCX exchange still tops the list of the agitation made by its more than 110,000 users. This is despite a Nova Scotia Supreme Court granted the exchange's appeal on Feb 5 to appoint Ernst & Young Inc....

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ICO Fund Falls Below $100 Million in Jan 2019, Dying or Changing?

Feb 6, 2019

Recently, the market for initial coin offerings (ICOs) is eerily quiet under the double pressure from both the governmental regulation issue and currency crypto bear market. According to the data from ICORATING, the global ICO market has just raised $76 million in the first month...

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Litecoin Pushes Adding Privacy Feature

Feb 5, 2019

Litecoin's creator announced via Twitter that they are planning to add Confidential Transactions (CT) into a future release of full node implementation later this year. Charlie Lee states that the idea to add CT, which could softforked in, is to make the cryptocurrency more fungible. He a...

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China Crypto 2018 in Review: Step up Efforts behind the Curtains

Feb 4, 2019

As the nascent yet disruptive blockchain technology is growing in maturity, countries are further exploring this new landscape and gradually positively shifted their sentiments towards cryptocurrency underpinned by blockchain. The global consensus seems clear - innovate with blockchain, or fall...

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Grin Raised €55,000 Development Fund, but People are Still Questioning its Monetary Policy

Feb 2, 2019

Grin’s pseudonymous founder Ignotus Peverell has posted an announcement titled Early Disappointments on Grin Forum yesterday, saying that he was “disappointed by the way the industry around Grin is shaping up”. The revolutionary anonymous MimbleWimble based cryptocurrency has gaine...

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Tencent’s Survey: 51% of Top Chinese Economists Support a Central Bank Digital Currency

Feb 2, 2019

A recent survey conducted by Tencent's fintech think tank reveals that top economists in China are divided over the impact of blockchain technology and whether the central bank should issue a state-backed digital currency, according to Jiemian News. Tencent's fintech think tank on Wedn...

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An Upgraded Satan Ransomware Infects Hundreds of Windows Servers in China, Demanding a Ransom of 1 Bitcoin Within 3 Days

Feb 1, 2019

Cybercrime involving cryptocurrencies is still on the rise despite the ongoing bear market. Chinese cyber security company Qihoo 360 warned Chinese citizens on Jan.28 of a new variant of “Satan” ransomware which demanded a ransom of one Bitcoin(BTC) in exchange for decryption. The c...