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  • Craig Wright, a major proponent of the Bitcoin Satoshi’s Vision implementation of the Bitcoin Cash [BCH] blockchain, recently appeared on a video hosted by Tone Vays, a Bitcoin [BTC] maximalist to speak about the upcoming hard fork. He also accused Roger Ver, also known as ‘Bitcoin Jesus’, of using the BCH blockchain for gambling and “child porn”.He began by saying that Bitcoin was designed to “work within the law”, and is not an “anarchist coin”. This is due to its role as money, stated Wright, going on to say that it does not break laws or do anything other than what money does. He elaborated:“It is neutral. You can do good things, you can do bad things. It is not designed to facilitate crime.”On Roger Ver’s idea of the coin, he stated that his idea of being “able to want to make things illegal” makes Bitcoin itself illegal. Moreover, he stated that what Roger thought wasn’t important as money is neutral. He stated:“You want to go about there and make it a shitcoin that governments hate, then it’s not Bitcoin. Bitcoin doesn’t take down governments, people vote. If you don’t like the government, go vote for it. The reality of the situation is, if we don’t have Bitcoin accepted by governments, it won’t be accepted.”
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  • Bitmain is a renowned company in the cryptocurrency industry. Their main bread and butter revolves around creating specialized mining equipment. This company has also filed a lawsuit against unknown individuals. This filing comes on the heels of the company’s Binance account being hacked and funds being stolen.Bitmain Seeks JusticeCryptocurrency exchange hacks have become all too common over the years. In most cases, individual users are affected. Every now and then, however, companies associated with projects or companies can be abused as well. For Bitmain, its Binance account was compromised by an unknown individual. Because of this intrusion, the mining manufacturer lost 617 bitcoins, worth roughly $5.5 million at the time of the theft.It is believed the stolen funds were not converted to US Dollars. Instead, the lawsuit claims, these funds were moved tot he Bittrex exchange. The hacker used this latter platform to heavily inflate the price of a relatively unpopular altcoin called MANA. It is unclear if this is an attempt at laundering money, or if it serves a more nefarious purpose. Bitcoin’s transparent nature makes it very easy to track the origins and destinations of specific transactions.For an unknown reason, the Binance account “hacker” did not empty Bitmain’s account entirely. Instead, he, she, or they left over 200 Bitcoin in the account belonging to Bitmain. Why that was done in such a manner, remains unclear to this very date. Bitmain alleges this confirms the culprit clearly intended fraud and was intent on causing damages to the firm itself.Finding the Real Culprit is DifficultThe lawsuit stands out for another reason as well. Bitmain officially filed it against “John Doe”. This confirms neither the company nor its legal representatives know the real identity of the culprit. Filing the lawsuit in Washington is not done randomly, though. Bittrex, one of the exchanges involved in this defrauding scheme, is based in Seattle, Washington.
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  • The crypto market has turned back to its conventional state with most of the cryptocurrencies moving sideways. The one-hour statistics of the market looks red again with the best performers of last week, including Bitcoin Cash [BCH], EOS, are approaching the bear’s claws.Considering the weekly report of the market, Stellar [XLM] stands at the top with an 11.73% gain, overtaking XRP which had surged by 10.71%. At the time of writing, XLM is trading at $0.26 with a market cap of $5.83 billion.1-hour:The 1-hour chart of XLM shows a resistance point which is set at $0.27. And a support line extending from $0.26 to $0.27 forming an ascending triangle with resistance depicting a healthy price trend.XLM USD 1-hour candlesticks | Source: TradingView
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  • sponsored i-House.com has revealed its plans to create a global real estate marketplace that combines blockchain technology with traditional real estate methods. The real estate industry has seen significant growth since the recession. With market prices predicted to increase along with millennial demand in 2019, the industry is as welcoming as ever. Although the market is improving, it is still plagued by issues that make the investment process less convenient than it should be.Major drawbacks of the real estate industryReal estate investment has three major drawbacks: the presence of intermediaries, the lack of affordable funding options, and fraud.  Agents take up to six percent of the total payment made on a real estate asset. This means that intermediary fees would account for over $23,000 for a house that costs $400,000. Unfortunately, up to 80 percent of home buyers still use an intermediary and continue to pay these fees according to a report by the National Association of Realtors.
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  • Vietnamese Authorities are Still Confused on Crypto Regulations Stance Recent events have revealed that the Vietnamese authorities are still confused about which approach they will be taking as regards the regulation of the cryptocurrency industry. Vietnamese Authorities Seem Confused A recent report made it known that the Vietnamese Ministry of Justice has proposed varying solutions on how the crypto industry should be regulated. Some […]The post Vietnamese Authorities are Still Confused on Crypto Regulations Stance appeared first on Coindoo - Crypto News and Reviews.Original linkOriginal author: Joshua Tayo
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  • Litecoin has been trying to expand their reach and has received massive adoption lately, with the latest being used an integral part of the Coindriod game. The cryptocurrency game has raised a lot of eyebrows in the crypto-community due to its creativity and adoption of various cryptocurrencies in-game like Litecoin [LTC], Dogecoin [DGC] and Bitcoin [BTC].The Coindroid creator Josh, in a podcast, said that he was inspired by SatoshiDice, a Bitcoin game, and decided to develop a game like SatoshiDice, but by taking it further and making it skill-based.He said that they were researching a lot of cryptocurrencies that would fit the ideas they had for the game. He continued:“Litecoin just seemed like the natural fit. It’s got a really nice fast block time, great fees, it just made a lot of sense for our game in our in coin droids. And you’re transactions in the game are about 13 – 14 cents, So doing that inside Bitcoin didn’t really make sense for fees perspective, but also 10-minute blocks ends up being almost a little bit too slow for the game”In a spat between Roger Ver, Jihan Wu and Craig Wright on BCH fork, Charlie Lee weighed in supporting the latter saying:
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  • MUFG via its wholly owned subsidiary – Banco MUFG Brasil, recently signed a Memorandum of Understanding (MOU) with Banco Bradesco S.A. to use Ripple technology in a new international payment corridor between Japan and Brazil. This news is the latest adoption case for Ripple in the banking industry.Cross-Border Payments Using RippleIn a press release published on Friday (November 9, 2018), MUFG, the banking arm of Mitsubishi UFJ Financial Group, Japan and the world’s fifth largest bank, announced its partnership with Banco Bradesco S.A., one of the largest banks in Latin America. The partnership enables a new Ripple-based cross-border payment network between both banks.A portion of the statement reads:Through this MOU, MUFG Bank has decided to start the collaborative development for cross-border payments between Japan and Brazil, utilizing Ripple’s cutting-edge technology. The new payment system – developed by Ripple, a San Francisco-based software vendor – will assist the banks as they work towards commercializing a high-speed, transparent, and traceable cross-border payment solution between Japan and Brazil.According to the press release, this new payment corridor is an extension of the already existing collaboration between both banks. MUFG first got into business with Bradesco in 1973 when the former invested in latter.
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  • The crypto space isn’t known for its bleeding hearts. Most traders are too busy thinking about lambos to worry about universal health care, and they’re more likely to vote for Ron Paul than Bernie Sanders. But a leading crypto investment platform is launching a project that might combine cryptocurrency with a radical social experiment: Universal Basic Income.At a Web Summit presentation earlier this week, Yoni Assia, CEO of eToro, unveiled the GoodDollar: a project to reduce wealth inequality with cryptocurrency.  According to a later press release, the project is hoping to establish “a cryptocurrency that pays social interest to those who have less, and is continuously distributed to any verified participant for free, creating a global, open, universal basic income.”Although billed as an “experiment,” the project has already secured $1 million in funding from eToro, which urges other companies and individuals to contribute as well.“We believe that we can create a mass-market cryptocurrency that is engineered to reduce inequality and provide a universal basic income,” Mr. Assia said in a statement. “Engineers, product designers and economists are currently developing the prototype.”UBI: Not Your Parents SocialismFor those who aren’t recent college graduates, Universal Basic Income (UBI) represents the latest effort to produce a market-friendly welfare state.
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  • Cardano [ADA], the eighth-biggest cryptocurrency in the market, has been sparking green on a constant basis in the market, despite the lack of new announcements. However, the coin has failed to show its continuous support to the bull after the race, which took place at the beginning of this month.According to CoinMarketCap, the cryptocurrency was trading at $0.075 with a market cap of more than $1 billion. The coin had a trading volume of more than $20 million and had seen a gain of 4.94% in the past 7 days.1-hour:Cardano [ADA] one-hour price chart | Source: Trading ViewIn the one-hour chart, the coin showed a downward trend from $o.077 to $0.075. It also displayed an upward trend which started at $0.0744 and ended at $0.0748. The coin has a strong resistance at $0.078 and an immediate resistance at $0.0754. Nonetheless, the coin has a strong support at $0.0744 ground and an immediate support at $0.0746.The Chaikin Money Flow showed that the bull could take over the market.
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  • Best Litecoin (LTC) Wallets for 2018 About Litecoin Currently ranked 7th on CoinMarketCap, Litecoin has always been one of the best performing cryptocurrencies out there. Created in 2011 by one of the most prominent figures in the crypto community, Charlie Lee, Litecoin is the world’s first altcoin, a crypto alternative to the mighty Bitcoin. Litecoin is a decentralized, P2P cryptocurrency platform […]The post Best Litecoin (LTC) Wallets for 2018 appeared first on Coindoo - Crypto News and Reviews.Original linkOriginal author: Vladimir Ciobica
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  • Ripple has succeeded in clinching its priority target market, China, through the approval of LianLian’s joint venture American Express, to process card payments in China.China approved the operation of AmEx, making it the first American company to be given a direct access to the China e-commerce market. This approval empowers AmEx to resolve payments and transactions in Yuan. The settlement of payments can be done via its joint venture LianLian Group, which is Ripple’s customer.AmEx. which is another global payment platform just like MasterCard had previously indicated interest in the Chinese market, presumed to be the biggest card market by recent analysis. This prompted its move into a joint venture with LianLian Group, and later became the first payment processing venture that operates outside the state-controlled, UnionPay network.This joint venture, now partners with RippleNet, to provide seamless and faster global payment services to the Chinese e-commerce market. It can process and settle payments in Chinese Yuan Renminbi (CYN) currency unit. This can be achieved by establishing a network with its partner.The venture which is named Express (Hangzhou) Technology Service Co. is expected by the Chinese government to complete preparation for operation within a year.
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  • The upcoming Bitcoin Cash hard fork has generates some buzz with pre-fork trading suggesting Bitcoin SV may have the lower price, but more miner support, according to the latest data. Bitcoin ABC vs. Bitcoin SVThe opinions on this BCH hard fork are very different. The community appears legitimately split between the two paths open to them. Supporting either Bitcoin ABC or Bitcoin SV is a crucial decision for the Bitcoin Cash network of the future. Both concepts pursue very different options, yet it is up to miners to decide which chain is viable. Another outcome is how both chains will exist side-by-side.Based on the statistics by Coin Dance, that latter option may come true. Surprisingly, it will not be the Bitcoin ABC chain which should gain the most support from miners. Instead, Bitcoin SV is projected to control the network after the fork. That is a completely different outlook compared to how traders perceive things. The pre-fork trading of SV and ABC clearly shows Craig Wright’s vision has far less “financial support”.These statistics by Coin Dace are not final indicators. It is based on how many miners may back each individual chain by looking at the current support. This hard fork will not occur for another few days. Miners can still change their allegiance between now and then. If that is not the case, Bitcoin SV will have over 50% support from miners. ABC will drop to 20% or slightly more, whereas Bitcoin Unlimited will see similar levels of support. Nodes which do not upgrade will have 5-6% support and become the least viable chain of them all.Calvin Ayre Weighs in on the MatterCalvin Ayre, a proponent of Bitcoin Cash, keeps close tabs on these statistics. In his opinion, these statistics already confirm the expected “hash war” is over before it begins. Craig Wright and nChain indicated they want to engage in a war for hashpower’ with Bitcoin ABC. Ultimately, miners decide which rules the network follows. The current statistics confirm there will be one clear winner over the two other smaller chains.
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  • A customer of a London-based blockchain company sent a letter bomb to its employees just because the firm had refused a request for a password reset.The Chilling IncidentIn a scary case that has come to light, a man has been sentenced to six and a half years in prison for sending a homemade bomb to a Bitcoin firm in London. Thankfully, no one was hurt by the potentially lethal device, reports the BBC.The perpetrator by the name Jermu Michael Salonen and aged 43 was found to be a Swedish national. The Stockholm District Court has sentenced him to six and a half years prison term.Multiple charges were slapped on Salonen including sending white powder to Swedish lawmakers in 2017. One of the recipients happened to be the Swedish Prime Minister.The Reason Behind the EpisodeLaw enforcement agency which conducted the investigation found a queer motive behind the action.
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  • Economists find it increasingly likely that the US will soon experience a recession. Many Bitcoin speculators believe that the price of Bitcoin will rise in a recession, but that may be wishful thinking. Cryptocurrency behavior depends on what type of recession the economy is in. In a typical recession, Bitcoin would be sold down like any other risk asset, but it would thrive in a currency or a sovereign debt crisis. Bitcoin works as a hedge against calamity, not recession; it’s most likely to rise when there is inflation and declining trust in government.Choppy Waters AheadA recession is defined as a declining economy for two successive quarters, and we may be already be seeing signs of an early sell-off: the S&P 500 lost  more than 10% this October. Nouriel Roubini, one of few economists to predict the housing crash of 2008, has recently emphasized the US’ increasing financial obligations in mortgages, student loans and credit card debt. These factors, he notes, are expected to intensify the next recession, which could be worse than 2008. Roubini is confident that we will see a financial crisis by 2020.Other factors, such as the ten-year bull run in  the US equities market and the fact that the Federal Reserve has raised interest rates three times this year, suggest that the US economy could soon experience a downturn. As Forbes wrote, two things are almost certain: (1) the US economy will sink into a recession and (2) no one knows when. Is Bitcoin a Lifeboat?Crypto enthusiasts like Anthony Pompliano have suggested “shorting bankers and longing Bitcoin” as an anti-recession hedge. Their reasoning is that, since Bitcoin is disconnected from the financial system and negatively correlated with equities markets, Bitcoin prices will rise if equities fall. This year, Bitcoin has become increasingly correlated with the S&P 500 (see graph below). The S&P actually hasn’t been negatively correlated with Bitcoin since late 2016, and even then, the range of correlations fell between -0.1 and +0.2, indicating little to no correlation in either direction.
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  • A trader who considers himself to be a Bitcoin maximalist just drew out his list of reasons why Bitcoin has a bearish forecast.Among his reasons, he claims that “Bitfinex is Mt Gox 2.0.”Mt. Gox used to be the biggest Bitcoin exchange in the world until they went under after 850,000 of their customers’ Bitcoin were either lost or stolen.  Later, Mt. Gox stopped their operations and filed for bankruptcy. There was also fear that Mt. Gox’s legal troubles would cause 160,000 Bitcoins that had been sitting dormant due to hit the market at once and cause a significant crash.Over the last months, Bitfinex has faced a similar situation including accusations of fraudulent behaviors.  Many users of Bitfinex have reported not being able to move money out of the exchange and back in October word was circulating on social media that a “whale” who trades over 100 million dollars on the exchange monthly couldn’t move funds. There was also an issue with nearly a billion in USDT being removed from Bitfinex making many questions if the exchange is involved in unethical exit schemes. The combination of frozen assets and questions surrounding the exchange’s USDT supply caused a lot of chatter that Bitfinex could be covering up something unsavory and another Mt. Gox circumstance could be at hand.
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