Professor and Author Argues That Blockchain Represents a New Kind of Trust

In a presentation given at Princeton University earlier today, University of Pennsylvania professor and blockchain author Kevin Werbach has claimed that distributed ledger technology offers humanity an entirely new kind of trust. Rather than being a “trustless” technology as many crypto proponents argue, Werbach instead posits that blockchain both expands trust, whilst simultaneously reducing the level of trust required for a system to serve all parties fairly. Blockchain Tech: An Entirely New Concept of Trust? Professor and author of, The Blockchain and the New Architecture of Trust, Kevin Werbach, has…

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Crypto Industry Execs: This Bitcoin Bear Market Is The Best Yet

As much as some like to sugarcoat it, the crypto market has lost 85% of its value since the jaw-dropping early-2018 peak. This collapse, which pushed Bitcoin from $20,000 to $4,000, has effectively stopped the cryptocurrency gravy train dead in its tracks. Gone are the days that “blockchain” was a popular word at the dinner table, as mainstream media outlets, the CNBC Fast Money segment, in particular, have slowed their coverage to a near-halt. More likely than not, retail investors, who know think Bitcoin is nothing but a distant memory,…

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Bitcoin (BTC) Drops Below 4,000 After Approaching Historical Resistance Level

Bitcoin has broken below its recently established trading range between roughly $4,000 and $4,100 that was formed a couple of weeks ago. Although BTC has been somewhat stable as of late, this lack of major volatility should not fool traders as the cryptocurrency typically makes a large price swing after long bouts of sideways trading. Now, Bitcoin is beginning to push up against a key resistance line that the cryptocurrency has failed to break above on multiple occasions over the past year. Bitcoin (BTC) Drops Below $4,000 as Key Resistance…

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Exclusive: Indian Bitcoin Users in the Dark Over Their Tax Liabilities

There is no doubt that India is among the most disoriented country when it comes to bitcoin regulations. When the Reserve Bank of India merely withdrew banking access to entities dealing in cryptocurrencies, the general public opinion misinterpreted it as an outright crypto ban. The ones who realized they could still trade crypto assets outside the RBI’s purview – using peer-to-peer systems – are now confused about their tax liabilities. There are two conflicting perspectives among Indian bitcoin users. First, if they report profits made from cryptocurrency investments or trading activities,…

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Bitcoin Dominance Wanes In Crypto Recovery, But Researcher Says This Isn’t The Case

Recent reports seem to indicate that, believe it or not, Bitcoin (BTC)’s short-term prospects in this market are limited, as crypto analysts await the holy grail of trading sessions — the fabled “altseason.” With this phase of trading, analysts expect for Bitcoin’s hegemony over the broader industry to slip, as stakeholders flee to alternative digital assets in search of hefty profits. But a researcher claims that traders are getting this all wrong. Bitcoin Losing Steam To Other Crypto Assets? In recent weeks, cryptocurrencies, save for BTC, have posted stellar gains…

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Russia Parliament Approves Swift-Alternative but Moves Crypto Bill to April

Two very contrasting events took place in Russia lower house parliament last week. In the first, the State Duma approved the international use of a Swift-like financial network to eliminate the risks of western sanctions. In the other, it postponed the second reading of the crypto bill draft law to April. Ducking Swift Ban Anatoly Aksakov, the head of the Russian Banking Association and a finance committee with the Duma, said that the parliament had given the green light to table the bill for two more readings. After the bill passes the…

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As Crypto Markets Continue to Climb, Could Altseason Finally be Upon Us?

Although Bitcoin has been struggling to garner any significant buying pressure at its current price levels, the overall crypto markets have been able to post some relatively large gains, and multiple cryptos have surged today. Although the recent bullish price action in the crypto markets is minuscule compared to what was seen throughout the second half of 2017, investors and analysts alike are keen on discovering whether or not the current price action constitutes the start of a bigger price trend to persist for the year to come. Could the…

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Ethereum Price Analysis: ETH Back In Familiar Range, Can Buyers Take Control?

ETH price recovered nicely from the $132 support level and traded above $134 against the US Dollar. The price even cleared the $135 and $136 resistance levels, but upsides remain capped. There is a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair might face a strong resistance near the $138 level and it could drop back to $135. Ethereum price is slowly recovering higher against the US Dollar and bitcoin. However, there are many hurdles for ETH…

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Bitcoin (BTC) Stuck Around 4,000, But Analysts Expect a Drop as Upwards Momentum Fizzles

The crypto markets are experiencing a relatively quiet Friday as Bitcoin continues to trade sideways in a tight trading range between $4,000 and $4,100. This stability should not fool traders, however, as analysts expect BTC to drop in the near future as its upwards momentum begins to fade. If Bitcoin is unable to garner more buying pressure as the markets head into the weekend, it is likely that Bitcoin will drop back into the upper-$3,000 region. Bitcoin (BTC) Stuck Below $3,900  At the time of writing, Bitcoin is trading up…

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Bear Market Will Stop Crypto Exchanges Faking Volume, Says Researcher

A report by the Blockchain Transparency Institute (BTI) claims that many exchanges are using bots to fake trading volume. Their research shows that wash trading affects over 80% of the top 25 bitcoin pairings. Furthermore, allegations of this being a deliberate business practice present significant concerns for the industry. Which is already struggling to gain mainstream acceptance. Wash Trading Wash trading is where a trader sells and then immediately buys a financial instrument. This practice manipulates legitimate makers and takers into believing a trading pair is more active than it…

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