Bison Trails launches QT protocol to help developers build on Libra

Libra Association founding member, Bison Trails, has released a QT protocol allowing developers to read and write data to Libra’s pre-mainnet using off-chain systems. Blockchain technology and staking service provider Bison Trail has announced the launch of its Query and Transactions Clusters, or QT, protocol to help developers build on Facebook’s forthcoming Libra network. Libra QT offers a bridge between Libra’s pre-mainnet and off-chain systems, allowing dedicated off-chain infrastructure to read and write data to the blockchain. According to a Nov. 25 announcement from Bison Trails, which provides blockchain services…

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Bitcoin hits the front page of The Wall Street Journal

Crypto is against capturing the attention of the mainstream media, with the front page of today’s Wall Street Journal discussing Bitcoin’s 80% rally since reclaiming five-figure prices. After rallying 80% in two months, Bitcoin is recapturing media interest from the top end of town, with The Wall Street Journal discussing the cryptocurrency’s adoption among institutional investors on the front page of its Nov. 23 issue. The report notes that Bitcoin has recently found support from “Wall Street billionaires” Paul Tudor Jones and Stanley Druckenmiller, alongside other public figures including a…

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Friendliest of them all? These could be the best countries for crypto

The level of freedoms that the U.S. has provides an argument for the country as the most crypto-friendly location, although Puerto Rico also has its benefits. As a burgeoning industry less than 13 years old, cryptocurrency has seen its fair share of regulatory crackdowns and changes, especially in the United States. Jake Yocom-Piatt, co-founder of Decred, however, sees the nation as the most crypto-friendly. “Cryptocurrencies are treated as personal property in most jurisdictions, so their tax treatment is relatively uniform,” Yocom-Piatt said. He continued: “Cryptocurrency transactions are a form of…

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Van Eck declares Bitcoin ‘less volatile than many’ stocks

Van Eck’s latest research appears to be an effort towards calming investor fears about Bitcoin… as well as the SEC’s. On Friday, investment management firm Van Eck released new research indicating that Bitcoin’s price movements are less volatile than between a quarter and a third of the stocks listed on the S&P 500.  In a blog post the German issuer of exchange-traded products said that while Bitcoin has long been considered a “nascent and volatile asset outside of the traditional stock and capital markets,” the reality shows that the world’s…

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Law Decoded: Green lights of the SEC, black flags of Binance, Nov. 13–20

Libel laws and new faces at the U.S. securities regulator lead the week’s news. Editor’s no Amid a political news cycle that has been stuck in a nauseating loop, covering crypto is often refreshing. Partisan forces have yet to dig out the trenches. A lot of the current task is just getting working definitions in play.  Meanwhile, the technology advances at a mind-boggling rate, and there are still enough outrageous scams, absurd tomfoolery and indeed general skulduggery to keep everything from getting dull. Speaking of skulduggery, I will begin this…

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Bitcoin price doubles since the halving, with just 3.4M Bitcoin left for buyers

The Bitcoin price has doubled since the halving in May, with Chainalysis attributing much of the bullish price action to the insatiable appetite of institutional investors. The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically…

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Oasis Network mainnet launches touting privacy for loans and genomes

The privacy-focused Oasis Network has completed its mainnet launch, promising to facilitate under-collateralized loans in DeFi. Oasis Labs has announced the successful launch of its Oasis Network mainnet, with more than 70 independent validators already live. Oasis is a privacy focused Layer 1 network that claims a throughput of 1000 transactions per second designed to support decentralized applications. In June 2018, Oasis raised $45 million from crypto venture heavyweights including A16z, Binance Labs, Pantera, and Polychain. Oasis allows data to be encrypted, and for privacy policies surrounding its use to…

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Alleged crypto-Ponzi operator arrested after failed sea-scooter escape

The alleged ringleader of a Ponzi scheme that solicited $35 million for crypto mining and other investments has been arrested after attempting to flee FBI agents using a “sea scooter.” Matthew Piercey, the accused operator of two fraudulent firms that solicited tens of million to ostensibly invest in cryptocurrency mining, life insurance, and other assets, has been apprehended by authorities after a failed attempt to escape FBI agents using a sea scooter. According to Californian media outlet The Sacramento Bee, the 44-year-old Shasta County man evaded agents seeking to arrest…

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Uniswap’s liquidity plunges 40% in a day as incentives dry up

Almost 40% of liquidity on leading DEX Uniswap has left the platform with the end of UNI rewards for liquidity providers The total value of assets locked in leading decentralized exchange (DEX) Uniswap has plummeted by 38% in 24 hours amid the conclusion of its UNI liquidity rewards program on Nov. 17. Meanwhile “vampire” clone SushiSwap has doubled its TVL and is aggressively pursuing additional liquidity. As of this writing, Uniswap’s total value locked (TVL) is down a total of 43% since posting an all-time high of $3.07 billion just…

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Traders say $15.5K level ‘crucial’ after Bitcoin price dips below parabola

Bitcoin price dropped below the parabola on the 12-hour timeframe but traders aren’t calling for a big correction yet. Over the weekend numerous traders pointed out that Bitcoin (BTC) price broke its parabolic uptrend which had dated back to September. Technical analysts are bracing for a pullback as the dominant cryptocurrency eyes consolidation. Bitcoin could still see a strong recovery after the weekly close if there is a continuation of the rally. But it would need to quickly re-enter the parabola or risk a potential downward correction. Traders pinpoint $15,500 as…

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