Last summer, Stronghold went live with its Stellar-based stablecoin. Like most stablecoins, Stronghold USD is backed by real assets and tied to the value of the U.S. Dollar. However, unlike its competitors, Stronghold isn’t targeted at the general public. Instead, it’s aimed at businesses and financial institutions.
Once upon a time, blockchains followed Bitcoin’s lead: they relied upon far-reaching networks consisting of small, individually-run nodes. However, over time, some blockchains have begun to move away from this model. Instead, they rely on fewer but larger nodes—which are typically run by large groups with plenty of power and responsibilities.
Say what you like about Mark Zuckerberg, but he certainly knows how to get attention. After six years of blank stares and regulatory shrugs, decentralization and privacy are now the talk of the town in Washington, and lawmakers are finally devoting their attention to what was once an obscure technological fad.
In Casino Royale (arguably one of the best of the James Bond movies) the titular hero goes “all-in” during a game of high-stakes poker, confident that terrorist financier Le Chiffre is bluffing.*
Spoiler alert: Bond misreads the signals and ends up losing all his chips.
NEO has a bearish short-term trading outlook, with the cryptocurrency trading well below its 200-period moving average on the four-hour time frame.
Bitcoin Cash has a bearish short-term trading bias, with the BCH / USD pair trading below its 200-period moving average on the four-hour time fr
Basic Attention Token has a bearish short-term trading bias, with the BAT / USD pair trading under its 200-period moving average on the four-hour time fr
US regulators are looking into BitMEX over accusations the popular cryptocurrency derivatives platform broke strict trading laws. The probe might expand into a full-blown investigation if American citizens are found to have been victims of fraud or manipulation by the derivatives platform.
Markets are up today with good regulatory vibes following positive reactions from a number of American Senators who successfully distinguished Bitcoin from the much-maligned Libra. Traders witnessed Bitcoin jumping 10% in about an hour, a leap similar to that seen at the beginning of the bull rally back in April of this year.
Listening to Treasury Secretary Steven Mnuchin talk about money-laundering, cash, and Bitcoin, you come to one of two possible conclusions:
“There’s been a lot of nefarious activities historically and it’s never involved Bitcoin [at least up until 10 years ago], so obviously it’s been pretty successfully done with cash,” suggested Bitcoin-skeptic-turned-evangelist Joe Kernen of CNBC.
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