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Financial blog

Financial blog

Bitcoin Stays Bearish: Is the Bottom Finally in Sight?

Bitcoin

Bitcoin (BTC) bled yet again this week, as the bears assert their dominance in an increasingly volatile market, with BTC losing as much as $400 USD yesterday and tumbling towards the $8,000 milestone.

The bearish movement of Bitcoin has been ongoing for months, with the exception of a few relatively small reprieves, and has many speculators wondering if the bottom is in sight. Well, one very prominent trader has interpreted a technical analysis by legendary chartist and former editor of the Magazine of Wall Street Richard Wycoff, which suggests that the bottom was actually at $7,300 ...

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TRON (TRX) Slumps Over 10% After Justin Sun’s Banking Fiasco

TRON

Over the course of the past few years, a wide range of altcoins have come into existence that have made the crypto ecosystem a bit less dependent on Bitcoin, and TRON (TRX) is definitely one of those.

Why the Sudden Fall?

The crypto token TRX has grown in stature over the years and is now regarded as one of the leading altcoins in the world. However, it has not had a particularly great time today, and its value has plummeted significantly due to the wider crash in the market that has been led by Bitcoin. TRX ...

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LiteLink Expands to East Coast and Enters Agriculture And Produce Industry Through Strategic Partnership with Pommes Ma-Gic Inc

VANCOUVER, British Columbia, Nov. 19, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in digital freight & logistics platforms as well as payment solutions, is pleased to announce that it will be expanding to the east coast and bring its 1SHIFT Logistics platform to the agriculture and produce industry through a commercial agreement and a partnership with Pommes Ma-Gic Inc. (“Pommes Ma-Gic”).

Under the commercial agreement, LiteLink will provide Pommes Ma-Gic with a trial of the 1SHIFT platform for services such as:

managing produce freshness logistics, tracking and tracing shipments, route ...

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LiteLink Expands to East Coast and Enters Agriculture And Produce Industry Through Strategic Partnership with Pommes Ma-Gic Inc

VANCOUVER, British Columbia, Nov. 19, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in digital freight & logistics platforms as well as payment solutions, is pleased to announce that it will be expanding to the east coast and bring its 1SHIFT Logistics platform to the agriculture and produce industry through a commercial agreement and a partnership with Pommes Ma-Gic Inc. (“Pommes Ma-Gic”).

Under the commercial agreement, LiteLink will provide Pommes Ma-Gic with a trial of the 1SHIFT platform for services such as:

managing produce freshness logistics, tracking and tracing shipments, route ...

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Libra Testnet Surpasses 50,000 Transactions Since September Launch

Libra

The Libra testnet has logged over 51,000 transactions since it was reset in September, with 34 projects having been developed on the network according to an update released by The Libra Association last week.

In a blog post titled “Five months and growing strong: the Libra project,” the project’s lead developer, Michael Engle, said, “It’s been just five months since we announced the Libra project on June 18, 2019, and nearly a month since the Association charter was signed by its members in Geneva. We’ve been working diligently to build the global community of developers and ...

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Tether to Launch Gold-Backed Stablecoin: What to Expect

Tether

Over the course of the past few years, stablecoins have become one of the most important constituents of the crypto ecosystem, and Tether is certainly the most well-known. The stablecoin is backed by several fiat currencies, and over the years, it has worked as an excellent substitute for fiat currencies for crypto traders.

Key Points to Watch

In a new development, it has now emerged that Tether is all set to launch a new cryptocurrency that is going to be backed by gold. The cryptocurrency in question is “Tether Gold,” and according to reports, it could ...

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Binance Gets Banned on Weibo as China Continues Crypto Crackdown

Binance

Binance has had its official account on Weibo, the Chinese version of Twitter, banned due to unknown violations as the Chinese government tightens regulations on cryptocurrency.

Binance and Tron Blocked on Weibo

Weibo is claiming “violation of law and regulation” as the reason for the ban, but “China’s Twitter” failed to give any additional information on the recent account suspension. Tron, along with Binance, has also been blocked, but Huobi and OKEx, which are two Chinese-based exchanges, remain active on the website. Chinese President Xi Jinping banned Bitcoin back in 2017 but has recently begun embracing ...

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Coinbase Card Includes 5 More Cryptos and Launches in 10 Countries

Coinbase

The crypto space has grown at a breakneck pace over the course of the past few years and a fair share of the credit for that should go to mega crypto exchanges like Coinbase. Over the years, the company has introduced a wide range of products that have managed to further expand the crypto ecosystem, and on Thursday, it made another major announcement.

The company announced that it is going to add support to five new cryptocurrencies for the VISA debit card that it issues. In addition to that, it added that the card will now ...

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Kik “Void for Vagueness” Plea Against SEC Dismissed by Judge

Kik

Kik, the former messaging app now shifting its focus to cryptocurrency, has been involved in a court case with the SEC, which alleges that a 2017 ICO breached the commission’s regulations due to the fact that its coin, Kin, is actually a security.

Kik Legal Team Struggle for Plausible Explanation

The legal team for Kik has argued in the court of the Southern District of New York that the case against it is null and void based on the premise that the legal definition of an “investment contract” is unclear. However, the presiding judge has dismissed ...

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Canaan Targets $100 Million Through US IPO: Key Points to Watch

Canaan

One of the most significant developments of the past few months in the crypto sphere has been the potential initial public offering of Bitcoin miner maker Canaan. The company is the second-biggest company in the category, and its IPO is all set to be one of the biggest events in the crypto space this year.

In a new development, the company stated that it wishes to raise as much as $100 million from its IPO in the United States. The statement is a bullish one and goes to show that the company is highly optimistic about ...

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Telegram Denies All SEC Allegations and Requests Dismissal of Trial

Telegram

Telegram has refuted allegations by the US Securities and Exchanges Commission in court, which claim that the planned Gram token from the messaging app is a security and, therefore, subject to regulations from the commission and has requested that the trial be dismissed because of this.

Last month, the SEC successfully sought an injunction preventing Telegram from launching TON due to the fact that the ICO used to raise funds to develop the network was illegal. As a result of the injunction, investors in two separate ICOs were offered the chance to receive 77% of their ...

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NetCents Technology Signs its 50th Partnership Agreement

Vancouver, British Columbia–(Newsfile Corp. – November 13, 2019) – NetCents Technology Inc. (CSE:NC)(OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) . NetCents is pleased to announce the signing of its 50th Partnership Agreement with Agape Global Services Inc., (“Agapay”).

Agapay provides premium credit card processing services providing growing businesses credit card processing, e-commerce, and other electronic processing solutions for continuity of revenue and payment flows.

Over the last 24 months, the Company’s focus has been twofold. Firstly, it was to design, develop and build out the required technical infrastructure necessary to allow crypto-based payments to ...

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NetCents Technology Signs its 50th Partnership Agreement

Vancouver, British Columbia–(Newsfile Corp. – November 13, 2019) – NetCents Technology Inc. (CSE:NC)(OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) . NetCents is pleased to announce the signing of its 50th Partnership Agreement with Agape Global Services Inc., (“Agapay”).

Agapay provides premium credit card processing services providing growing businesses credit card processing, e-commerce, and other electronic processing solutions for continuity of revenue and payment flows.

Over the last 24 months, the Company’s focus has been twofold. Firstly, it was to design, develop and build out the required technical infrastructure necessary to allow crypto-based payments to ...

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Vechain (VET) Soars 100% in Few Weeks: Here are the Key Drivers

Vechain

One thing that has remained a constant over the past few years in the crypto space is the sort of seemingly unexplained volatility that is experienced by certain tokens like Vechain (VET). Vechain is a blockchain-powered platform and is primarily meant for helping users with supply chain management solutions.

VET recently enjoyed a massive rally, despite the fact that the larger crypto market has been largely subdued. One of the most important things to point out about this particular project is the fact that it does have a use case.

Why the Sudden Buying Interest? ...

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Bakkt to Launch Institutional Bitcoin Custody Services

Bakkt

Bakkt, the crypt subsidiary of the Intercontinental Exchange, has announced that it will begin holding the Bitcoin assets of its institutional investors, which was one of the most sought-after services of the platform prior to its launch in September.

Launch of Bakkt Warehouse

Upon launch, Bakkt initially only offered custody services to customers who were trading its Bitcoin futures contracts but has now received approval from the New York Department of Financial Services (NYDFS) to store all Bitcoin assets of its customers in the “Bakkt Warehouse.” Pantera Capital, Galaxy Digital, and Tagomi have already signed on ...

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Alibaba to Reward Free Bitcoin Through Shopping App Lolli

Bitcoin

The pace of development of the crypto sector has been nothing short of breathtaking over the past few years, and now, free Bitcoin rewards are even becoming a real thing. In a new development that would come as a massive boost for Bitcoin and the crypto space in general, Chinese e-commerce behemoth Alibaba has now got involved in the space.

The company has created a partnership with Lolli, a shopping rewards app, and by way of that partnership, Alibaba shoppers can claim 5% of their rewards in the form of Bitcoin.

Major Details

In ...

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Tether Fires Back At “Flawed” Study, Says Coin is Backed By USD Again

Tether

Tether has responded to what it describes as a “flawed” paper written by academics from the University of Texas and Ohio State University, which claimed that a single address on the Bitfinex exchange was responsible for manipulating the surge in Bitcoin value in 2017.

Tether Claims Study Was Lacking in Data

Professor John Griffin and Amin Shams analyzed over 200 gigabits of data relating to the transaction history between Bitcoin and Tether and found that the surge in value in late 2017 was attributable to one large trader, or a whale in the crypto world, but ...

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Microsoft Partners with Ethereum to Create New Digital Assets

Ethereum

The world of cryptocurrencies has developed at a breakneck pace over the past few years, and now it has emerged that tech behemoth Microsoft (NASDAQ:MSFT) is going to work with Ethereum to create new digital assets. Until a few years ago, it was almost unthinkable that one of the biggest companies in the world was going to enter the crypto space—but now, things have certainly changed.

Major Details

Microsoft is apparently working with ETH in order to find a way to audit newly created crypto tokens accurately.

In addition to that, the company also ...

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Bakkt Futures Monthly Trading Volume Starts to Pick Up Pace

Bakkt

Bakkt, the crypto exchange platform from the Intercontinental Exchange, has seen its futures trading volume soar to 1,061 contracts, indicating that institutional investors are finally getting on board with the platform.

Since its launch on September 27, Bakkt has endured a sluggish start to life despite being one of the most highly anticipated exchange in the world of crypto this year. With just 623 futures contracts being traded in the first week, for a total value of just over $5 million USD, it appeared as though the platform was a massive flop. Bakkt had been touted ...

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Coinbase to Offer Tezos Staking to US Consumers

Coinbase

While it is true that the crypto space has grown at a breathtaking pace over the past few years in the United States, it should be noted that it would not have been possible without the stellar service provided by crypto exchanges like Coinbase. Over the years, the exchange has provided crypto enthusiasts, investors, and traders with a world-class platform.

Key Details

In a new development, it has emerged that Coinbase users will now be able to stake the cryptocurrency Tezos on the platform. The announcement was made on Tuesday by the company, and it is ...

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