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Libra Chief Talks On Privacy And Financial Data For Upcoming Stablecoin

In the past, Facebook has come under some controversy in regards to its data privacy on the billions of people worldwide that use the platform. In a recent letter to senators in the United States, the social network has comforted investors in that it won’t be collecting or storing any data from users of its upcoming stablecoin Libra. Libra’s Blockchain Since it was announced a few weeks ago, Libra has been the subject of a lot of controversies which mainly comes from Facebook’s rough history for releasing personal data of its users. With this, it is understandable for people to...

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CD Mid-Cap Index Slides 7.3% on Nano and Ardor Pain

The CryptoDaily Large-Cap Cryptocurrency Index crashed to 33.55 on Wednesday from 36.09 on Tuesday, a 7.04% fall. The Large-Cap Index is down 4.01% over the past 7 days and is up +14.90% over the past 30 days. Qtum (QTUM) shed 13.8% to a market capitalisation of US$ 406.03 million as the price declined below BTC 0.00033. Cosmos (ATOM) receded 12.8% to a market capitalisation of US$ 855.72 million while Basic Attention Token (BAT) led gainers with a +2.7% advance. The CryptoDaily Mid-Cap Cryptocurrency Index weakened to 43.09 on Wednesday from 46.53 on Tuesday, a 7.39% slide. The Mid-Cap Index is...

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ADA’s Increased Liquidity Could Bring In Further Institutional Investment

The decentralised public blockchain and cryptocurrency project known as Cardano intends to attract institutional investment into the cryptocurrency market by increasing the liquidity and accessibility of its cryptocurrency, ADA. Last month, the project teamed up with Algoz, a market maker solution service, as a step in the right direction in making ADA more attractive to institutional players. Institutional investment The ADA currency was initially released in 2015 and came with the promise of bringing in major industry players into the industry. Even so, the project is still fighting the same challenges that the space still faces to this day.  In...

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Crypto Ban Being Proposed By UK Authority

The UK’s Financial Conduct Authority (FCA) is looking over proposals to ban cryptocurrency-related products due to the huge factor volatility that has been more evident these past weeks than ever before. In fact, the group is actually mulling over the possibility of banning all cryptocurrency derivatives.  The FCA claims that digital currencies are far too unpredictable and pose a huge risk to investors. The rise in the price of cryptocurrencies has been often accompanied by an increase of general interest by investors. At the end of 2017, we saw a lot more people enter the market who probably never had...

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Fighting Back - How Are Crypto Service Providers Performing Against The Hackers?

There are many signs that the crypto markets are now starting to mature. Institutional investment is pouring in, and many countries, including Switzerland and Singapore, are adopting a pragmatic approach to regulation in order to encourage innovation. Furthermore, big tech companies like Facebook, Amazon, and Microsoft are now incorporating blockchain into their core offerings.  However, the one problem that the crypto industry still cannot seem to solve is hacks. Up to the end of June this year, there have been no fewer than seven large-scale attacks on exchanges and wallet providers — more than one each month.  While hacks are...

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