Ethereum ProgPoW’s raison d’etre: To be or not to be

To be or not to be: that is the question Every once in a while, the crypto community stumbles on this question – What is my reason for existence? Ethereum had to contend with this question in its hay days in light of the DAO hack. This cleaved a mark in the “code is law” […]
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Source: AMB Crypto

XRP, not Bitcoin, is better suited for retail needs: Xago’s Jurgen Kuhnel

Xago, a Cape Town-based Fintech firm, recently announced its custom-built crypto-exchange and ‘XRP Gateway’ based on the Ripple Ledger. The aim of the exchange is to build a new retail payment network using blockchain technology, one which would enable retailers to settle their payments faster and more efficiently using their existing hardware. The firm is […]
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Source: AMB Crypto

China’s National People’s Congress passes ‘cryptography law’ after blockchain announcement

China is taking great strides towards staying ahead of the United States in the emerging field of fintech, blockchain, and cryptocurrency. President Xi Jinping made news yesterday after he announced that China is focused on becoming the world leader in blockchain technology. Just a day after the same, the country’s National People’s Congress has passed […]
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Source: AMB Crypto

Bitcoin’s ‘Death Cross’: Here’s what you need to know about Bitcoin’s pump

Bitcoin’s slump after the Bakkt announcement and another slump almost a month later was a dream come true for the shorts, but little did they know that their happy dream would turn into a nightmare soon. Yes, Bitcoin pumped a whopping 29.85% in less than 48 hours, a pump which led to the liquidation of […]
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Source: AMB Crypto

Indian Finance Minister: Many countries caution against rushing into cryptocurrencies

According to a recent report, Indian Minister of Finance and Corporate Affairs, Nirmala Sitharaman said that many countries had advised against rushing into cryptocurrency while addressing questions on Facebook’s Libra during the annual meeting of the International Monetary Fund and the World Bank. Sitharaman stated: “On our side, the Reserve Bank Governor spoke about it […]
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Source: AMB Crypto

Ripple Q3 report: Bots caused 179% increase in XRP FUD

Recently, Ripple published their XRP Markets report for Q3, 2019 to update the community on the state of the market and its performance over the period. In the report, Ripple says there has been a decrease in XRP sales, a trend consistent with the messaging shared in their Q2 report. Last quarter, Ripple had announced […]
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Source: AMB Crypto

Telegram alleges SEC has falsely identified GRAM tokens as securities

Messaging giant Telegram has filed a response to the United States’ SEC after being slapped with an emergency restraining order earlier this week with regards to its controversial TON project. The SEC‘s action has delayed its launch, which was originally supposed to happen by the end of this month. The filed response urges the Federal […]
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Source: AMB Crypto

The lowdown on how Bitcoin cracked the largest child porn business in the world

The bust of one of the biggest child porn sites, Welcome to Video, on the deep web echoed the crackdown of Silk Road, a darknet marketplace. This bust, however, was quite different from that of Silk Road, with the only thing common between them being Bitcoin, the cryptocurrency named as the go-to for dark web […]
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Source: AMB Crypto

Binance on its way to challenge BitMEX; who will reign over margin trading platform?

This is no David and Goliath story, and neither is this a tale of the underdog exceeding expectations and coming out on top. This is perhaps, the story of two equally capable giants going head-on in their journey to be ‘The One.’ More often than not, in a nascent market that has a massive future, […]
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Source: AMB Crypto

Facebook’s Libra project loses support from Visa, Mastercard, eBay, Stripe

“Challenging the government’s monopoly on the printing press requires you to not be at the government’s mercy. This is the reason Bitcoin was released by anonymous entities, and it is also one of the reasons that cryptocurrencies backed by goods [even fiat currency] are a bad idea from a regulatory perspective.” These words were from […]
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Source: AMB Crypto

MakerDao announces launch of Multi-Collateral Dai; introduces new logo 

Maker Foundation’s Chief Executive Officer [CEO], Rune Christensen, spoke at DevCon 5 held in Osaka, Japan, where he revealed the launch of Multi-Collateral Dai [MCD]. Christensen went on to announce that the launch will take place on 18 November. MCD will also be introducing several other features to the Maker Protocol like Dai Savings Rate […]
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Source: AMB Crypto

Ripple’s Brad Garlinghouse says China is using crypto to dislodge U.S Dollar

Brad Garlinghouse, CEO of Ripple, has been making a lot of public appearances lately. Recently, he appeared on FOX Business to discuss U.S cryptocurrency regulations, accusations of Ripple pressurizing the market, and China’s upcoming yuan-backed stablecoin. Addressing the latter, he said, “It should be a call to action for the United States. So far the […]
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Source: AMB Crypto

Switzerland’s Central Bank announces agreement with BIS for CBDC development

After years of being in the wilderness, the idea of a centralized digital currency is now taking root across the world, with Switzerland’s Central Bank being the latest one to look into it. According to a recent report, the Swiss National Bank [SNB] and the Bank of International Settlements [BIS] have officially signed a concrete […]
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Source: AMB Crypto

Libra Association reveals participation of 1500 enthusiastic entities after PayPal exits project

As Libra Association looked forward to the first Libra Council meeting in 10 days, the association revealed 1,500 entities to have “indicated enthusiastic interest to participate”. Libra posted, “Building a modern, low-friction, high-security payment network that can empower billions of financially underserved people is a journey, not a destination. This journey to build a generational […]
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Source: AMB Crypto

XRP uses ‘securities-like language’, while Litecoin and Bitcoin stand clear, claims Crypto Rating Council

Will the real security please stand up? The debate around whether cryptocurrencies should be classified as “securities,” has been raging for the past few years. Heating up ever since companies began issuing their own “cryptocurrencies,” while distancing themselves from its inner governance, the case of what differentiates a company issuing an ownership share and a […]
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Source: AMB Crypto