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Yao Qian is the director-general of the Institute of Digital Money of the People’s Bank of China. This article represents his personal academic opinions and does not represent the opinions of the institution. Bookkeeping refers to the recording of economic data in account books. A ledger, therefore, is a book with a certain format based …

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Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose to $6,850 – the highest level since June 12, according to Bitfinex data. The $400 …

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You may have missed it, but over the weekend, transactions on the live EOS blockchain came to a complete – yet temporary – halt. Coming less than 48 hours after the much-anticipated blockchain network went live, the announcement kicked off a social firestorm (not to mention a reported 5 percent drop in the value of …

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Digital payments firm Square has received a BitLicense from regulators in the state of New York. The company announced Monday that the New York Department of Financial Services granted the license. Square first indicated back in March that it had submitted paperwork to receive a BitLicense, a move later confirmed by a spokesperson. “DFS is pleased …

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Paul Brody is a principal and the global blockchain leader at EY We were promised a global financial and industrial revolution. We got a mango tracker. Three years since enterprises started exploring the possibilities in blockchain, it’s perfectly understandable to be disappointed with what we’ve got so far. But believe it or not, the seemingly …

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Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. The cryptocurrency found acceptance above the key resistance of $6,425 (April 1 low) in the second half of last week, raising the prospects of a corrective rally towards the $7,000 …

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Courtney Brock manages business operations for Blockade Games in Austin, Texas. Its May 11, 2018 and I receive a surprise in the mail: an overnight package from FedEx. It’s addressed to my company, Blockade Games. Another surprise: Our bank, Wells Fargo, thinks we may be a money services business (MSB) and has a stack of …

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After a messy weeks-long process, CoinDesk broke the news yesterday that the EOS blockchain is officially live. To some, it’s already an event for the cryptocurrency history books. Still, if you haven’t been following the event closely, it might beg the question, ‘What is EOS anyway?’ When we talk about EOS, think about a cloud …

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“Based on my understanding of the present state of ether, the ethereum network and its decentralized structure, current offers and sales of ether are not securities transactions.” So said William Hinman, director of the division of corporate finance at the U.S. Securities and Exchange Commission (SEC) at a Yahoo! All Markets Summit event in San …

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Bitcoin (BTC) is still in recovery mode, but the bulls must keep prices above key support seen just below $6,500 to maintain momentum, the technical charts indicate. The cryptocurrency clocked a high of $6,736 on Bitfinex yesterday amid signs of a bear breather. However, bargain hunters were short in supply and prices fell back below …

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The World Cup may be completely analog, but don’t tell that to crypto developers. Soft launching now, a new company called CryptoStrikers is entering the so-called “crypto collectibles” market with tokens commemorating the stars of this year’s World Cup. The thing is the tokens it’s offering aren’t the same you’ll see listed on a popular …

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The price of bitcoin (BTC) may be up slightly Wednesday, but that hasn’t exactly raised the spirits of the asset’s most avid investors. Rather, with the market now down roughly 70 percent from 2017’s highs, many HOLDers, the bitcoin faithful who have vowed never to sell, are becoming convinced they might have seen the last …

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Ethereum is not a security, at least in the view of U.S. Securities and Exchange Commission (SEC) director of corporate finance William Hinman. Speaking at the Yahoo! All Markets Summit: Crypto event in San Francisco Thursday, the official told the audience that the agency “doesn’t see a lot of value in treating ether today as …

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Has a cryptocurrency by trolls, for trolls, finally been created? If not, the cryptocurrency bitcoin core (BTCC) certainly comes close. And no, we’re not using the derogatory other name for the cryptocurrency most often referred to as bitcoin – the one that legendary crypto investor and bitcoin cash booster Roger Ver likes to berate. Rather, …

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Tezos, the blockchain project that sought to fix crypto’s broken governance models, is at the center of talk about how to handle decentralized politics – just not in the way its founders had hoped. On Sunday, the Tezos Foundation announced that it would be carrying out know-your-customer and anti-money laundering (KYC/AML) checks on investors who bought …

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Bitcoin is still looking south, having hit four-month lows today, but the bearish momentum may wane due to short-term oversold conditions, the technical charts indicate. More bears joined the party in the U.S. session Tuesday after the cryptocurrency failed to cross twin resistance at $6,859 (50-hour moving average (MA) and 23.6 percent Fibonacci retracement). As …

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Who do you trust with your private key? That’s the question that may be on the minds of EOS token holders, who while incentivized to help the much-anticipated technology finally go live, haven’t yet done so. As EOS is set up to enable self-governance by its users, it’s these individuals and companies who have to make the …

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The price of bitcoin, the world’s largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday. Bitcoin’s value slid to $6,455.92 during the afternoon trading session, dropping more than $280 in the span of two hours, according to data from CoinDesk’s Bitcoin Price Index. This represents the lowest figure since …

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Bitcoin (BTC) is looking to regain poise after its drop to two-month lows on Sunday, but the recovery will likely be short-lived, the technical charts indicate. At press time, BTC is changing hands at $6,825 on Bitfinex – up 3 percent from the two-month low of $6,619. The recovery could be associated with extreme oversold …

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While the idea of a decentralized internet – commonly referred to as the Web 3.0 – seems attractive to many in the blockchain industry, creating an infrastructure to support it is at least one goal that needs to be completed first. It’s a challenge that Haja Networks is taking on with a new database protocol …

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