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The Free TON project, a community-led software fork of Telegram’s ultimately ill-fated attempt at launching a blockchain, announced on Tuesday the launch of the project’s effective mainnet.The network had originally launched in May 2020, building on Telegram’s code base but otherwise showing no association with the communications company and related
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The crypto market is in a phase where altcoins from the previous rally, 2017’s bull market, are absolutely
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The technical firm behind privacy cryptocurrency zcash (ZEC) is transitioning to a non-profit, called the Bootstrap Project, after a majority of shareholders elected to donate their holdings in the company.“A majority of the investors and owners have informed us of their generous willingness to do this in support of our
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Institutional bitcoin investors are looking "how else they can diversify within the asset class," said Michael Sonnenshein. Source
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Goldman Sachs has warned that the U.S. dollar may lose its status as the world’s reserve currency. The investment bank is bullish on gold as fears over governments debasing their fiat currencies grow and real interest rates are pushed to all-time lows.Goldman Sachs’ Dollar and Gold PredictionsAmerican investment bank
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In a court case hearing involving the use of Bitcoin for transferring funds for illicit activities of drug trafficking, the District Court of Colombia has considered Bitcoin and cryptocurrencies as “money”.On Friday, July 24, a Federal Court announced that the world’s largest cryptocurrency Bitcoin gets the status of “money” under
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Many believe that the next catalyst for Bitcoin’s growth will be its positioning as a “safe haven” asset
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Monday’s historic financial tumult reached beyond stocks, sinking commodities and even bitcoin markets.“I don’t think any asset is safe right now – except cash, U.S. dollars,” said Ali Khedery, formerly Exxon’s senior Middle East advisor and now CEO of U.S.-based strategy firm Dragoman Ventures.While bitcoin prices dropped nearly 10 percent
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In a recent interview, a Malta parliamentarian has sought to clarify the legal status of top cryptocurrency exchange Binance within the island country.Speaking to CryptoX, Malta’s Junior Minister for Financial Services and Digital Economy, Bartolo Clayton, reaffirmed that Binance has never been licensed in the jurisdiction:“As informed by the
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Bitcoin (BTC) has spent much of the last week in freefall, sinking to a low of $8,520, just as the Coronavirus outbreak prompts widespread panic in the financial world due to its potentially cataclysmic impact on the global economy. This negative correlation between a global crisis and the value of
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