Google’s Parent Alphabet Appoints Chemistry Nobel Laureate to Its Board of Directors

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Google’s Parent Alphabet Appoints Chemistry Nobel Laureate to Its Board of Directors
Alphabet has added Frances Arnold to its board of directors to support the company’s science-related efforts which may take its stock higher.
Google’s Parent Alphabet Appoints Chemistry Nobel Laureate to Its Board of Directors

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Source: CoinSpeaker

Bitcoin (BTC) Price Bound by a Symmetrical Triangle, Breakout Can be in any Direction: Analyst

Bitcoin (BTC) prices are consolidating inside a symmetrical triangle. With uncertainty, a popular cryptocurrency trader and analyst is calling for caution and patience. Based purely on technical candlestick arrangement and patterns, the analyst asserts that depending on the breakout, accompanying trade volumes would determine the velocity and confidence of the newly defined trend direction.
A Recovering Bitcoin Could Jolt Altcoins Higher

BTC is in a symmetrical triangle right now, so traders should watch the direction of the breakout, and look for high volume for added confidence on that breakout direction. pic.twitter.com/VCZ8gbTs1P
— MAGIC (@MagicPoopCannon) December 9, 2019

After peaking in late June 2019, Bitcoin has been stuck in a firm down trend. This is despite positive developments around adoption levels, increased depth, and approval of several complex derivative products.
Bitcoin is the most liquid and widely traded digital asset. Its tone often determines the direction of the altcoin market since the two are directly correlated, acting as a base for altcoins as shown by coin pairings on different cryptocurrency exchanges.
Traders are confident of a revival. The optimism stems mostly from past candlestick arrangement around this decisive month. In two consecutive years, BTC prices have not only recovered-like at the depth of last year’s crypto winter, or recorded an all-time high like in 2017 when prices soared to $20,000 before falling after the CFTC together with the SEC reportedly popped the crypto bubble by approving two Bitcoin Futures products.
Bitcoin (BTC) Price Action Generate Mixed Signals
From price action, Bitcoin looks likely to move higher. If BTC bulls have the upper hand and close above the minor resistance line, strongly closing above Nov 29 highs of $7,900, prices could rally to $8,000 and later $8,500 depending on the underlying demand and participation levels.
Bitcoin (BTC) Price Chart
On the flip side, any steep drawn down below $7,000 or Dec 5 lows could see a significant break below the minor support line towards $6,500, further spelling fear to an already fragile market. For now, confidence stems from the close above the 20-day MA, a feat, as it is happening for the first time after a month of strong bear pressure.
However, this optimism could be misplaced because bulls are yet to reverse losses of the high-volume long upper wicked candlestick of Dec 5. From an effort versus effort point of view, sellers have an advantage. It is for this reason that bulls must accumulate and break above $7,900 for an uptrend to be clearly defined, quashing determined sellers.
The post Bitcoin (BTC) Price Bound by a Symmetrical Triangle, Breakout Can be in any Direction: Analyst appeared first on Coingape.
Source: CoinGape

U.S. SEC Gives Consent to Bitcoin Futures Fund

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U.S. SEC Gives Consent to Bitcoin Futures Fund

The U.S. SEC has provided approval for NYDIG Bitcoin Strategy Fund, an investment fund aimed at investing in Bitcoin futures contracts.

U.S. SEC Gives Consent to Bitcoin Futures Fund

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Source: CoinSpeaker

EOS Voice, the ‘Facebook Killer’, to Be Unleashed on 14 February 2020

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EOS Voice, the ‘Facebook Killer’, to Be Unleashed on 14 February 2020

EOS blockchain gains a new massive project called Voice by Block.one. The project is dedicated to privacy-oriented social networking.

EOS Voice, the ‘Facebook Killer’, to Be Unleashed on 14 February 2020

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Source: CoinSpeaker

Blockchain Arm of Ping An Insurance OneConnect Gives Details for its IPO Valued at $468M

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Blockchain Arm of Ping An Insurance OneConnect Gives Details for its IPO Valued at $468M
OneConnect Financial Technolgy which is the blockchain and Artificial Intelligence arm of Ping An Insurance indicated the details of its $468 million IPO.
Blockchain Arm of Ping An Insurance OneConnect Gives Details for its IPO Valued at $468M

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Source: CoinSpeaker

Telegram CEO and Founder Pavel Durov to Testify in SEC Gram Token Case

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Telegram CEO and Founder Pavel Durov to Testify in SEC Gram Token Case
Telegram founder Pavel Durov along with the company’s vice president and one more employee will give testimonies beginning on the SEC case.
Telegram CEO and Founder Pavel Durov to Testify in SEC Gram Token Case

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Source: CoinSpeaker

Libra Would Be Registered as a Security in the U.S. after Legislative Overturn

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Libra Would Be Registered as a Security in the U.S. after Legislative Overturn
Under a new U.S. bill, Facebook’s Libra would be viewed as a security and would be within the jurisdiction of the Securities and Exchange Commission (SEC).
Libra Would Be Registered as a Security in the U.S. after Legislative Overturn

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Source: CoinSpeaker

Telegram Starts $100,000 Data Clustering Contest for Developers

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Telegram Starts $100,000 Data Clustering Contest for Developers
Telegram’s $100,000 contest asks developers to create an algorithm that can segregate useful and identical information and present it to the users.
Telegram Starts $100,000 Data Clustering Contest for Developers

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Source: CoinSpeaker

Tassat Gears Up For Bitcoin Trade-at-Settlement Product

New York-based fintech provider Tassat in partnership with digital market maker Blockfills are all set to launch institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD). As the Bitcoin spot matures, it is likely that other Bitcoin products also come to fruition and expand the crypto trading space. In another development, the United States Securities and Exchange Commission (SEC) is reviewing its decision to reject the Bitcoin (BTC) exchange-traded fund (ETF) filing from Bitwise Asset Management and NYSE Arca. 
Will TAS Bring benefit to Crypto Traders?
TAS is a specific type of electronic order book which enables buyers/sellers to trade at a settlement price established during a discrete fixing period. The model will purportedly reduce uncertainty and eradicate slippage in execution by establishing a determined price for participants to trade around.
As a matter of fact, Blockfills trading platform will manage the order flow matching, execution and settlement of trades. For the Bitcoin (XBT/USD) TAS product, the reference rates have been constructed using aggregated institutional-size quotes from over ten global over-the-counter digital asset market makers.
Earlier this week, the U.S. Commodity Futures Trading Commission (CFTC) gave a green light to Swap Execution Facility (SEF) operated by Tassat. While the exact launch date continues to be in close wraps, the exchange is actively onboarding institutional participants and will soon launch physically-settled Bitcoin Margin Swaps.
Will Bitwise ETF See Green Light?
Per an official announcement, the SEC will be reviewing ETF filing from Bitwise Asset Management and NYSE Arca. As reported by Coingape in October, the applicants fell short of requirements and it was alleged that the product will increase market manipulation and illicit activities. The SEC at that time said,
“The Commission is disapproving this proposed rule change because, as discussed below, NYSE Arca has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section6(b)(5), and, in particular, the requirement that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices.”
The SEC order further mentioned that Bitcoin spot market is “sufficiently resistant to manipulation”. Furthermore, the order to disapprove the proposed listing of the ETF filing from Bitwise Asset Management and NYSE Arca will remain in effect pending the Commission’s review.
Will Bitcoin spot market undergo an overhaul and get regulatory approval? Let us know, what you think in the comments below!
The post Tassat Gears Up For Bitcoin Trade-at-Settlement Product appeared first on Coingape.
Source: CoinGape

Telegram Goes On Offense, Asks Court to Strikeout SEC Lawsuit

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Telegram Goes On Offense, Asks Court to Strikeout SEC Lawsuit
Telegram asked the New York Southern District Court to dismiss accusations by the SEC that its GRAM token is a security.
Telegram Goes On Offense, Asks Court to Strikeout SEC Lawsuit

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Source: CoinSpeaker

Crypto-Focused Silvergate Bank Goes Public on New York Stock Exchange

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Crypto-Focused Silvergate Bank Goes Public on New York Stock Exchange
Silvergate is planning to sell more than 3.3 million shares of its Class A common stock, at $12 per share.
Crypto-Focused Silvergate Bank Goes Public on New York Stock Exchange

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Source: CoinSpeaker

Ousted Bitmain Co-Founder Micree Zhan Is Ready to Fight for the Company with Legal Weapons

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Ousted Bitmain Co-Founder Micree Zhan Is Ready to Fight for the Company with Legal Weapons
Ousted Bitmain co-founder Michree Zhan has threatened to seek legal redress to retain his position as co-founder of the company.
Ousted Bitmain Co-Founder Micree Zhan Is Ready to Fight for the Company with Legal Weapons

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Source: CoinSpeaker

SEC’s vs. Ripple Next Chapter Begins Today

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SEC’s vs. Ripple Next Chapter Begins Today
Now it may seem that the battle on “whether XRP is a security” will never end for Ripple.
SEC’s vs. Ripple Next Chapter Begins Today

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Source: CoinSpeaker

Jack Dorsey Invests $10M in the Startup ICO Platform CoinList

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Jack Dorsey Invests $10M in the Startup ICO Platform CoinList
Jack Dorsey is expanding his cryptocurrency involvement by backing crypto initial coin offering (ICO) exchange platform called CoinList.
Jack Dorsey Invests $10M in the Startup ICO Platform CoinList

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Source: CoinSpeaker

Deutsche Bank Suffers a 832 Million Euro Setback amid Ongoing Restructuring

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Deutsche Bank Suffers a 832 Million Euro Setback amid Ongoing Restructuring
If compared with the previous year, shares of Deutsche Bank have lost over 16%. Earlier this year, the bank announced a wide restructuring plan.
Deutsche Bank Suffers a 832 Million Euro Setback amid Ongoing Restructuring

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Source: CoinSpeaker