Bitcoin Price Blitzes the $8.5K Resistance as Bulls Target $8.8K

Bitcoin bulls finally pushed the price above $8,500 and the 50-DMA but bulls now need to take out the $8,500-$8,650 level in order to reach the next target at $8,800. As the weekly close approached, Bitcoin (BTC) price gained above $8,500 after spending the previous day trading in the $8,200 to $8,300 range. At the time of writing, bulls are attempting to push through the $8,500 to $8,650 resistance zone in order to inch toward a daily lower high at $8,800. Bitcoin daily price chart. Source: Coin360 Earlier in the…

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The Decade of the Consumer–Citizen Governance Dilemma

How can currency, and its value for its holders, sustainably play out over the next decade? We see three forks in the road ahead of us. The health of a democratic nation’s currency is shaped by two forces: monetary policy, set by its Central Bank; and fiscal policy, set by the state’s ruling government. The thrust of it is that currency and politics are bound together, whether we like it or not. But that’s old news. Citizens of the cryptosphere are already aware of this, as many members of the…

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Digital Courts Trial Decentralized Justice, Real World Weighs Verdict

Can blockchain-based Aragon Court deliver legally-binding rulings? Imagine a future where conflicts and legal disputes are no longer settled between the four walls of a courtroom but by anonymous jurors of a blockchain network. The concept seems far-fetched, but it is already a reality as a result of some forward-thinking projects that are using the power of decentralized smart contracts and participants that are incentivized to make rulings as jurors. Kleros, a blockchain dispute resolution system, is already operational, and it has sparked heavy debate around blockchain technology and its…

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Telegram Attacks Apple, Musk on Crypto, WEF Debrief: Hodler’s Digest, Jan 20–26

Catch up on all the gossip from the World Economic Forum, and find out what Elon Musk *really* thinks about cryptocurrencies. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week World Economic Forum debuts framework for central bank digital currency It was a c-c-c-cold week in Davos, but Cointelegraph’s reporters wrapped up warm to…

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Indian PM Awards Crypto App Creator as Supreme Court Deliberates on Ban

While the Indian Supreme Court hears arguments regarding a ban on banking services for crypto business, the prime minister awarded a crypto app developer. India’s Prime Minister Narendra Modi awarded young entrepreneur Harshita Arora, the developer of a cryptocurrency price tracking application, amid an ongoing battle in her home country over the status of cryptocurrency. In a tweet on Jan. 24, Modi said that Arora’s “passion towards science, technology and human welfare are clearly visible.” She received the Bal Shakti Puraskar 2020: an award recognizing youth’s contributions in the fields…

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Top 5 Cryptos This Week (Jan 26): HEDG, DASH, BSV, ETC, XTZ

The next few days will decide whether cryptocurrencies will fall in tandem with equity and crude oil due to coronavirus or will they buck the trend. The coronavirus outbreak that started in China has gradually spread to a number of countries across the world. This is creating panic among investors as the death toll continues to rise. As a result, global equity markets and crude tumbled last week. Though cryptocurrencies also gave up some ground, they are currently attempting a relief rally and most major cryptocurrencies are trading in the…

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Financial Institutions Use Stablecoins to Shake Things Up in 2020

There is more talk about stablecoins in the crypto universe and big-time financial institutions, govs and startups are launching their own digital assets. Could 2020 be the year of stablecoins? For most people, the word “stablecoin” brings to mind cryptocurrencies like Tether or Libra. However, there are many versions of stablecoins — ranging from those that are backed by fiat money to those that are backed by real assets or even other digital currencies. Simply put, a stablecoin’s main aim is to solve the problem of volatility by being a…

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One Wallet Owns 27% of Ether Behind MakerDAO’s Sai Stablecoin

Of all the value locked in MakerDAO’s collateralized debt positions backing the old DAI decentralized stablecoin, 27% belongs to a single Ethereum address. Of all the Ether (ETH) locked in the collateralized debt positions (CDPs) of the old MakerDAO system, 27% belongs to a single Ethereum address. Financial technology data firm Digital Assets Data shared these findings with Cointelegraph on Jan. 26. Dai, which was created by MakerDAO, allows users to borrow or generate the stablecoin by staking their cryptocurrency holdings as collateral. Dai was not supported with bank accounts…

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Crypto and Blockchain Firms Pitch In to Help Coronavirus Victims

Cryptocurrency exchange Binance pledged to donate 10 million Chinese yuan ($1.44 million) for coronavirus victims in Wuhan, China. Some blockchain and cryptocurrency firms have pledged to help victims of the coronavirus in Wuhan, China. Cryptocurrency exchange Binance pledged to donate 10 million Chinese yuan ($1.44 million) to the effort. In a tweet on Jan. 25, Binance CEO Changpeng Zhao said that Binance made the pledge but did not make any announcements after a Twitter user tagged him in a news article about cryptocurrency donations being accepted for the cause: “For…

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Cryptocurrency News From Japan: Jan. 20–24 in Review

Central bank digital currency interest continues, Binance deletes the yen currency option, Coincheck completes its first staking payout, and more headlined news from Japan this past week. This week’s headlines from Japan include several central banks collaborating on digital currency research, Binance removing the Japanese yen from its platform, Japan’s Liberal Democratic Party investigating digital assets, comments from Japan’s Deputy Prime Minister on digital currency research importance, and Coincheck paying out its first Lisk staking reward.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph…

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