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Bitcoin Basher Nouriel Roubini At Work Again

Bitcoin critic Nouriel Roubini, aka Dr. Doom, hasn’t changed his mind on the utility and intrinsic value of cryptocurrencies. Speaking today at the blockchain and AI-oriented CC Forum in London, he said that most of the cryptocurrencies are volatile and cannot store value. Roubini Vs. Roger Ver In a debate with Bitcoin Cash promoter Roger…

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Ethereum (ETH) is Becoming a “Centralized Cult”

The Ethereum (ETH) leadership is showing signs of becoming a force to be reckoned with, commented bitcoin pioneer Nick Szabo. While Ethereum was inherently democratic, the need to perform a series of hard forks and upgrades has put the developer team in charge. Ethereum Developers Steer Transfer to ETH 2.0 Now, Ethereum has unrolled once…

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Monero (XMR) Adopts New PoW Algorithm to Fight Off ASICs

Monero (XMR) has to deal with the inflow of specialized ASIC machines taking over mining on its network. After several ASIC-disabling forks, which slightly tweaked the CryptoNight mining algorithm, Monero is planning to switch to an entirely different proof-of-work algorithm to remain resistant. Monero Plans Third ASIC-Disabling Upgrade Toward the end of October, Monero plans…

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Bitcoin Weekly Price Stays in the Green Despite Tough Week

Bitcoin price has somehow managed to remain in the green over the past 7 days despite a string of unfavourable events. Regulators remain hawkish, tax authorities are tightening their grip and Facebook’s Libra is back under scrutiny again. Bitcoin Holds Fast as Regulators Swoop In on Libra, Telegram Just ahead of the weekend, the market…

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Huge Wealth Inequality Among ERC-20 Token Wallets, Research

Thousands of token-based projects touted their potential to create egalitarian economies. But the reality is different, with recent research showing highly unequal distribution for ERC-20 token holders. High Inequality Rampant Among ERC-20 Projects Despite airdrops, sale quotas and other approaches to distribute tokens more widely, most assets of this type remain concentrated in the hands…

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Bitcoin Has Potential to Boost Investment Portfolio Returns, VanEck Says

Bitcoin is a great tool to diversify an investment portfolio, investment management firm VanEck concluded in a blog post. The Cryptocurrency Shows Low Correlation to Traditional Assets It is not a secret that Bitcoin demonstrates almost no correlation to traditional assets. This aspect was previously analyzed in detail by several well-established asset managers and hedge…

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Japan Gives Leeway to Political Donations in Cryptocurrency

Cryptocurrency donations to political campaigns in Japan will not be regulated, stated politician Ms. Sanae Takaichi. This adds to Japan’s liberal stance on digital assets, potentially opening doors for new types of political funding. Japan Sees Crypto as Economic Grey Area Japan recognizes the existence of digital coins, but does not consider them legal tender.…

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