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Former Deputy Director of People’s Bank Claims China’s Cryptocurrency Beats Facebook’s Libra

The Chinese central bank has a new digital currency chief who has said that its upcoming digital yuan has features not offered by Facebook’s upcoming stablecoin, Libra. The former deputy director of the payments ad settlement division at the people’s bank of China, Changchun Mu has recently stepped into the lead role at the Digital Currency Research Institute. As reported by CoinDesk: “Mu recently published details on PBoC’s digital currency – apparently being carried out in a secret office away from the bank’s Beijing headquarters – describing it as a digital currency and electronic payment tool with “value characteristics.” The...

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Why Bitcoin (BTC) Is Primed For A Sharp Decline From Current Levels

Bitcoin (BTC) has a history of repeating certain fractals. They can be easy to find for those that are willing to go the extra mile to do their research. In this case, that fractal is right in front of us. When the price tested the top of the symmetrical triangle the last time before it declined to the bottom of it, the fractal it formed is similar to what is in the making right now. There is the same pattern of rise followed by three tops which is then followed by a decline when the price faces a rejection at...

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Is BTC Ready to Become Global? $1 Billion Shifted in Just 30 Minutes

Depending on how new you are to the crypto space, you will have most likely heard about crypto whales.  The term ‘whale’ is given to an investor or trader that have a very big amount of crypto funds and partakes in very big transactions. So when compared to other financial sectors, the crypto market is pretty small. Well earlier this week, two unknown wallets saw a HUUUGE transaction. One wallet sent the other over 94,500 bitcoins. That’s equal to 0.5 percent of all the cryptocurrency currently in circulation and would be valued at $1 billion. The whole transaction cost the...

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How Coinbase & Bitcoin is Helping the Hurricane Dorian Effort

The effort that has surrounded Hurricane Dorian has been astounding and thanks to the help of bitcoin, things seem to be looking up for the future of the Bahamas. The unlikely ally has been able to help the relief effort for the hurricane thanks to the charity organisation Left a Hand Bahamas. Based on the nation, the organisation has set up an account on crypto payment service Coinbase Commerce in the aftermath of Dorian’s attack. The giant US crypto platform Coinbase has even plugged the organisation: Looking for a way to help those affected by Hurricane Dorian? Lend a Hand...

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Gold Plunges As BTC Stays Stable - What Was the Cause?

Waking up today and reading up on the latest crypto & market news I noticed that one topic that was firing up like hotcakes and that was, the price of gold…  Since it was essentially created and especially when it surged in price in December of 2017, bitcoin has been compared to gold. Also dubbed as digital gold, the story of bitcoin and gold is a tale of old and for traditional market investors and economic analysts to crypto enthusiasts, bitcoin increasingly is being seen as an alternative to gold. So whereas they are both similar assets in their characteristics,...

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