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NEO & TRON: Are They on the Same Level?

Both TRON and NEO have similar goals, in that they work towards making the future of blockchain better. Although NEO has been dubbed as the ‘Ethereum of China’, we should highlight that the objective of Da Hang is to create a smart economy based on the blockchain. We’d say that it is a worthy competitor of Ethereum and not just a ‘copy’ of its platform. TRON & NEO Also against NEO is TRON, one of the most popular blockchain companies in the space right now. TRON is building a platform where users are able to migrate from Ethereum to their...

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Bitcoin (BTC) Triggers Desperate Buying With Another Rally

Bitcoin (BTC) has once again got the bulls excited with another rally. The price is now trading above $6,300 is a parabolic manner. The daily chart for BTC/USD shows that the price has yet to break past a critical trend line resistance, but more important than that the horizontal resistance zone is extremely likely to push the price down anytime now. The price will have to fall below the rising wedge sooner or later and when that happens, the bears will take over fast. At the moment, it appears that the bulls are in charge and the price could just...

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India’s Regulatory Environment Behind Coinome Close

It was announced yesterday that the Indian Coinome exchange is closing down. The crypto exchange, backed by Billdesk, announced that its operations will be closing its doors from 15th May, however, it is unclear if the company plans to exit the Indian market forever or whether this is just a temporary closing. All crypto markets on Coinome will be suspended, effective 2pm on May 15th, 2019. Customers are requested to withdraw all their crypto assets from Coinome at the earliest. — Coinome (@CoinomeOfficial) May 9, 2019 Recent regulatory changes introduced by the Reserve Bank of India, are most likely to...

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Why do countries want to regulate cryptos

Major countries around the world have either already implemented a regulatory framework for cryptocurrencies, or are in the process of doing so. Therefore, many traders are asking the question as to what exactly pushes these countries to rush such legislation? What are the primary reasons that governments are so desperate about bringing cryptos into the fold? Additional tax income At this point, a little over 20% of the world’s countries have introduced a regulatory framework for cryptocurrencies. Pretty much every country requires these companies to register to start their operations, the regulation just adds another step to that. Crypto companies...

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Binance Improve Security and Fight On Despite Hack

The Binance exchange has had a tough week, there’s no denying it. But they recently came out to say that they are taking a look at their security after they lost 7,000 Bitcoins worth more than $40 million in a hack earlier this week. There will be some significant changes to its application programming interface, withdrawal validation and two-factor authentication systems. The CEO of Binance, Changpeng Zhao said in a blog post published today (May 10th). “We are making significant changes to the API, 2FA, and withdrawal validation areas, which was an area exploited by hackers during this incident. We...

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