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What Hope Do Bears Have If Bitcoin Holds $11,500? Analyst Asks

Source Node: https://bitcoinist.com/hope-bears-bitcoin-holds-11500-analyst/?utm_source=rss&utm_medium=rss&utm_campaign=hope-bears-bitcoin-holds-11500-analyst
Time Stamp: August 9, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Despite the parabolic performance in some altcoins, Bitcoin is stagnating around the high-$11,000s. As of the time of this article’s writing, BTC is trading for $11,600. This comes after it was rejected last week at the $12,000 level yet again, marking a loss for bulls. Analysts say that Bitcoin managing to hold the $11,500 level would bolster the medium-term bull case dramatically. One trader went as far as to say that the cryptocurrency closing the weekly candle at $11,500 could leave bears without much hope. He isn’t the first commentator

Ampleforth Down 66% — Welcome to Rebasing

Source Node: https://beincrypto.com/ampleforth-down-66-welcome-to-rebasing/
Time Stamp: August 9, 2020 9:55 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The elastic supply token Ampleforth (AMPL) has lost two-thirds of its market cap in a matter of days. The atypical characteristics of the token attracted many investors that jumped in. After a dramatic surge in price and market cap, the tables have turned and Ampleforth has entered a corrective phase. The token is understood by many as just an experiment, and it may impact the way future tokens are created. AMPL: The Ultimate Digital Money? Ampleforth is not your typical cryptocurrency. It’s quite a complex token with some revolutionary ideas,

Real Estate Blockchain Firm Ubitquity to Build Tokenized Title Platform

Source Node: https://cointelegraph.com/news/real-estate-blockchain-firm-ubitquity-to-build-tokenized-title-platform
Time Stamp: August 8, 2020 5:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Real estate blockchain platform developer Ubitquity will build a platform for creating tokenized property titles with Rainier Title, a news report said. The platform will also log records of conveyance for the Washington-based Rainier Title. It will integrate with the conveyance suite Qualia. Rainier Title is currently in the process of migrating to Qualia. Tokens created through the platform represent a client’s property so title owners have more opportunities to develop new value like a fractionalized ownership investment in the real estate. Ubitquity said in a statement that having tokens represent a

Mobile DeFi and the Shift Toward Self-Sovereignty

Source Node: https://cointelegraph.com/news/mobile-defi-and-the-shift-toward-self-sovereignty
Time Stamp: August 8, 2020 1:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Many speculate that mainstream adoption of cryptocurrency is dependent solely on improving ease of access and user experience. In reality, there’s an even bigger obstacle: a mentality shift. Self-sovereignty and personal autonomy are the endgame of this technology, and with that goal comes a significant increase in personal responsibility for one’s funds. This is totally at odds with people’s traditional financial experience so far; the legacy system takes away your autonomy and replaces it with convenience, offering useful tools related to fraud protection and password management. By comparison, cryptocurrencies, decentralized finance

TikTok Ban: The Beginning of a New Age in Social Networks?

Source Node: https://beincrypto.com/tiktok-ban-the-beginning-of-a-new-age-in-social-networks/
Time Stamp: August 8, 2020 8:28 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

President Donald Trump has signed an executive order that forbids American companies to transact with Tencent and Bytedance. The ban comes after a long debate involving alleged data mining from apps like WeChat and TikTok. Following the ban, Tencent shares fell 5%. American companies will effectively have 45 days to stop transacting with these companies. The ban is sparking worldwide debate regarding the boundaries of national security. Is this an opportunity for decentralized social media platforms to step up? Tencent and the Yuan Plummet The announcement was immediately felt on

Ransomware Attacks Demanding Crypto Are Unfortunately Here to Stay

Source Node: https://cointelegraph.com/news/ransomware-attacks-demanding-crypto-are-unfortunately-here-to-stay
Time Stamp: August 8, 2020 3:00 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Year after year, the ransomware landscape changes dramatically. In 2019, a new resurgence of attacks occurred as businesses and government institutions became the main targets of ransomware, given their capacity to yield larger payouts. The most recent attack was against Garmin, a navigation systems company, on July 23. Due to the attack, many of its online services such as customer support, website functions and company communications were affected. Reportedly, the Russian cybergang Evil Corp launched the attack, demanding $10 million in cryptocurrency to restore access to Garmin’s services. Overall, according to a

What is Wrapped Bitcoin? A Guide to WBTC

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Time Stamp: August 8, 2020 12:24 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

WBTC is a way for Bitcoin to run on the Ethereum blockchain. Performing quick and affordable transactions using Bitcoin (BTC) has long been a problem of the community ever since it became more popular. This is why there have been many developments planning to address this issue.  But what if we can make our BTC coins functional on the Ethereum (ETH) blockchain? Would there be a difference? Wrapped BTC (WBTC) is a multi-institution project that aims to solve common BTC problems by creating its ERC-20 token counterpart. And in the

OneCoin Co-Founder Escapes 90-Year Jail Term Following Court Settlement

Source Node: https://cointelegraph.com/news/onecoin-co-founder-escapes-90-year-jail-term-following-court-settlement
Time Stamp: August 7, 2020 4:37 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Konstantin Ignatov, co-founder of major cryptocurrency exit scam, OneCoin, initially faced up to 90 years in jail after pleading guilty in November 2019. Now, however, it seems that Ignotov is no longer one of the key defendants in legal actions brought by victims of the $4 billion scam, according to a report from Finance Magnates on Aug. 7.OneCoin investors representing plaintiffs Donald Berdeaux and Christine Grablis have agreed to settle with Ignatov.While the details of the court settlement remain unclear, court documents indicate that the case will continue to target

Curve Finance Guide – How to Make Money with Curve (CRV)

Source Node: https://www.asiacryptotoday.com/curve-finance-guide/
Time Stamp: August 7, 2020 11:59 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Curve Protocol is one of the largest and most used projects in the Decentralized Finance (DeFi) space. It is integrated with most DeFi protocols and has seen rapid adoption in a short window. It’s essentially the most competent automated market maker (AMM) out there for stablecoins and wrapped tokens. Curve’s most valuable accomplishment has been giving people incentive to contribute liquidity and earn rewards over their idle assets. A community-based project, the protocol innovates continuously and is now progressing towards total decentralization.  In this guide, we take a look