Why did is Bitcoin dropping? Letâ€™s take a look at a few possible causes of todayâ€™s sudden plunge and look at the charts to evaluate the next possible move. The moment many traders have anxiously anticipated arrived this morning as Bitcoin price (BTC) plunged below $7,800 and eventually settled near $7,400. It’s possible that the bleeding isn’t over yet and investors will likely wait…Read More
In a Congressional hearing on Oct. 23, Facebook CEO Mark Zuckerberg expressed confidence that a lot more firms will join Libra eventually. Facebook could withdraw from the Libra Association — the governing body of the eponymous stablecoin project — should it launch without approval from regulators in the United States. Libra could lose its primary memberIn a Congressional hearing on Oct. 23, Facebook CEO and…Read More
As more diverse interests engage with lawmakers and regulators, the blockchain industry no longer has a unified voice. Over the past few months, Libra, Facebook’s prospective global digital currency, has stolen much of the spotlight across many areas of the cryptosphere. The field of blockchain lobbying was no exception: From Mark Zuckerberg smooth-talking powerful officials into supporting his global initiative to an expansion of…Read More
The Association of National Numbering Agencies will assess the adoption of numbering standards for digital assets. A global association of national numbering agencies has set up a new task force to assess the adoption of name standards for digital assets.All types of tokens to be consideredThe Association of National Numbering Agencies (ANNA) will examine the identification of digital assets such as tokens and cryptocurrencies,…Read More
The volume Bitcoin futures on digital asset platform Bakkt has hit a new all-time high, with over 450 Bitcoin futures contracts traded today. Bitcoin (BTC) futures volumes on digital asset platform Bakkt have hit a new all-time high, with 452 BTC futures contracts traded at press time.Per historical data from Intercontinental Exchange (ICE) — the operator of Bakkt — today the platform has traded…Read More
Googleâ€™s quantum computer could purportedly help improve the random selection process of proof-of-stake cryptocurrencies. The application of Google’s quantum computing technology could purportedly help improve the technology which underpins proof-of-stake (PoS) cryptocurrencies.Quantum computing would create truly random numbersPoS is a type of consensus algorithm where block creators are randomly chosen with probability proportional to their stake, while the algorithm of proof-of-work-based digital currencies uses…Read More
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