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Generation QE: How Central Banks Create Money From Thin Air

This year the public has seen a lot of the expansive monetary policy taking place with 37 central banks participating in monetary easing. Unfortunately, most people don’t understand the methods central banks like the Federal Reserve use to increase the money supply and never take the time to understand the process. The following is an in-depth look at how the Federal Reserve or any central bank “prints money” by adding credit to banks’ deposits, lowering the fed funds rate target, and using large-scale open market operations to purchase securities and…

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Dutch Court Orders Facebook to Remove Fake Bitcoin Ads

A Dutch court has ruled that Facebook must remove crypto-related fraudulent investment ads after television producer John de Mol filed a lawsuit against the company. A Dutch court has ruled that Facebook must remove Bitcoin (BTC)-related fraudulent investment ads following local billionaire and television producer John de Mol’s lawsuit against the company, Reuters reported on Nov. 11. De Mol initiated judicial proceedings against the social media giant in June 2019, claiming that Facebook failed to respond to multiple requests to remove ads of a scam that misused his and other…

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Airbnb Now Bookable With Bitcoin and Lightning Network via Fold App

Bitcoin can now be spent to book housing at Airbnb via Fold app gift cards alongside other big-name retailers such as Amazon, Starbucks and Uber. Bitcoin payments app Fold now supports home-sharing giant Airbnb, the firm announced on Nov. 11. Now Fold users can get 3% back in Bitcoin (BTC) on every stay and experience booked on Airbnb. $25 and $100 Airbnb gift cards for Bitcoin Airbnb is now listed on its rewards program called Fold Kickbacks. The program supports Bitcoin’s second layer Lightning Network (LN) allowing to buy gift…

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Bitcoin Price: On-Chain Metrics Pour Cold Water on Bearish Bias

The latest dip below $9,000 has traders turning bearish once again, but a closer look at some key on-chain metrics paints a bullish picture for BTC price. Bitcoin price (BTC) has taken a bearish course, leading some analysts to call for a drop to $8,300 and a few even suggest $7,100 is where the digital asset will bottom. Over the weekend, the price attempted to recover from the dip to $8,600 and a quick pop to $9,141 excited investors looking for the digital asset to return to its previous weekly…

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Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot

Chinese regulator State Administration of Foreign Exchange expanded its blockchain cross-border financing pilot program. Chinese regulator State Administration of Foreign Exchange (SAFE) expanded its blockchain cross-border financing pilot program. Local news outlet GlobalTimes reported on Nov. 11 that the system now covers 19 provinces and cities, up from nine. The development is unsurprising given that at the end of October SAFE deputy head Lu Lei said that there are plans to use blockchain and AI in cross border financing with particular attention devoted to risk management applications. “No space for…

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Bitcoin Price Falls Below $9K as Bears Back in Control Eyeing $8.2K

Bitcoin bears take back control as the short-lived weekend pump fails to crack heavy resistance and BTC falls to $8,700 and likely falling lower in the coming days. Bitcoin price (BTC) fell almost 5% on Monday morning, finding lows of $8,593, completely reversing the weekend recovery back above the $9,000 handle and below the lows of the prior week. As we have seen recently, all other major cryptos have followed suit, with Ether (ETH) managing to perform better against the U.S. dollar than its peers, but still losing value.  With…

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Boxing Legend Manny Pacquiao’s PAC Token Set for IEO on Nov. 12

Manny Pacquiao’s PAC token is set to be listed through an IEO on GCOX on Nov. 12, allowing fans exclusive access to the boxing star. Boxing legend and Phillipino politician Manny Pacquiao’s PAC token will become available for purchase on the Singapore-based GCOX crypto exchange through an initial exchange offering on Nov. 12, according to a press release shared with Cointelegraph. The PAC token was first launched at the start of September this year, and its main purpose is to facilitate the purchase of merchandise and social media interactions with…

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Bittrex Returning Crypto Funds to Iranian Users After 2-Year Freeze

Cryptocurrency exchange Bittrex will give frozen holdings back to its Iranian users, which the exchange suspended in 2017 due to the requirements of U.S. regulators. Crypto exchange Bittrex will give frozen holdings back to its Iranian users, which the exchange suspended two years ago due to the requirements of United States’ regulators. Bittrex’s Iran-based users began receiving letters from the exchange that promise to return them the funds frozen back in 2017, according to a Nov. 8 tweet published by Bittrex user Ziya Sadr.  At the time, the U.S. Treasury…

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Bakkt Rolls Out ‘Critical’ Bitcoin Custody After NY Gives Green Light

Limited availability goes full-scale after trading platform receives necessary green light from New York authorities. Institutional Bitcoin (BTC) trading platform Bakkt has announced it has launched its custody feature for its entire client base following regulatory approval. Bakkt: custody is “critical link” in BTC adoption In a blog post on Nov. 11, Bakkt said it had received the go-ahead from the New York Department of Financial Services (NYDFS) to offer custody services to any institution. Previously, the option was only available for those trading its Bitcoin futures. Commenting on the…

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Volvo Adopts Oracle’s Blockchain for Its Supply Chain — Here’s Why

Cointelegraph takes an in-depth look into why Volvo is using blockchain to provide global traceability of cobalt that is used in its electric vehicle batteries. Volvo Cars announced last week that it is using Oracle’s blockchain platform to trace cobalt, one of the main components in electric car batteries. Following the unveiling of the company’s first fully electric car, the XC40 Recharge, Volvo has come up with a new business strategy that includes introducing an electric vehicle every year through 2025. “Cobalt is at the heart of electric vehicle batteries,…

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