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Israeli Regulators Request Feedback to Foster Blockchain Innovation

The Israeli Securities Authorities seeks public input to identify pain points in blockchain regulation and identify clear advantages to the sector’s development. The Israeli Securities Authority (ISA) has issued a Jan. 20 Request For Information to identify potential regulations that prevent the development of blockchain-based ventures in the country. In addition, the regulator seeks to find out the practical applications of Digital Ledger Technology (DLT). As Israel’s financial watchdog, the ISA formed a committee to promote the development of the blockchain industry in the country. The regulator focused on platforms…

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Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan

Last Wednesday, the founder of the mining operation Btc.top announced a proposal that would fund Bitcoin Cash (BCH) development over the course of six months. Over the last five days, the funding plan has been the most dominant conversation within the BCH ecosystem, as supporters debate the merits of the miner’s proposal. This week, BCH community members heard from the developer Imaginary Username, Bitcoin Unlimited’s Peter Rizun, and an opposing mining operation that dislikes the funding plan’s details. Also Read: Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block…

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‘Different Type of Shakeout’ — Trader Says Bitcoin Unlikely to Hit $6K

Speaking to Cointelegraph, Charlie Burton and Eric Krown said the prospect of a return to recent lows for Bitcoin was now a remote possibility. Bitcoin (BTC) hitting $6,000 again is not only unlikely but would be “concerning,” a well-known commentator has told Cointelegraph.  Speaking in a market discussion with Cointelegraph, EzeeTrader partner Charlie Burton said that should current market behavior continue, those waiting to buy in closer to $6,000 will face disappointment. Burton: A fast move will come for BTC “…I think we’ll have upside and then we’ll have downside…

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Bitcoin Breaks 7-Month Downtrend But Must Clear These Hurdles to $10K

Bitcoin price has broken its 7-month downtrend and it’s starting to look like the entire cryptocurrency market is entering a new bull market phase. The price of Bitcoin (BTC) found strong support at $8,200 last week, after which it started to rally toward $8,800 earlier today. Alongside with that, the total market capitalization of crypto found a support at $215 billion and starting to look bullish. Will this mean that the correction is over, and crypto is trending upwards? Crypto market daily performance. Source: Coin360 Bitcoin still in an uptrend…

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Russian State-Run Tech Firm to Decrease Spending on Blockchain by 50%

Russian government-backed corporation Rostec intends to cut spending on the development of blockchain in the country by at least 50%. Russian government-backed corporation Rostec intends to cut spendings on the blockchain development in the country by at least 50%. According to Rostec’s roadmap, the organization is planning to spend 28.4 billion rubles ($453.2 million) on the development of blockchain technologies in Russia by 2024, instead of initial 55 billion ($877.8 million) to 85 billion rubles ($1.3 billion). The news was reported by domestic news outlet Kommersant on Jan. 27. The…

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Billionaire Investor Tim Draper: If You’re a Millennial, Buy Bitcoin

Billionaire investor Tim Draper recommended millennials to buy Bitcoin during a recent interview. Billionaire investor Tim Draper recommended millennials buy Bitcoin (BTC) during an interview with FOX Business published on Jan. 22. Per the report, Draper believes that Bitcoin is of particular importance to millennials that are looking to set aside enough capital for retirement. He suggested that the traditional banking system is outdated: “You look at Bitcoin and you say ‘Hey, this is great because it’s not my father’s Oldsmobile. Our banking system is the Oldsmobile, is the old…

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Over 700 Blockchain Firms Founded This Month in China, Over 26,000 in Operation

Chinese entrepreneurs registered 714 blockchain firms in China this month, resulting in a total of 26,089 such companies operating in the country. Chinese entrepreneurs registered 714 blockchain firms in China this month, resulting in a total of 26,089 such companies operating in the country. According to cryptocurrency data firm LongHash on Jan. 26, the total number of blockchain firms registered in China is 79,556, while 57,257 Chinese blockchain firms also lost their legal status or had their licenses revoked.  From 2009–17, the annual number of founded blockchain firms remained relatively…

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Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies

Major Swiss private banking and wealth management group Julius Baer has launched a crypto trading and custodial service via a partnership with regulated crypto bank Seba. Major Swiss private banking and wealth management group Julius Baer has launched a digital assets trading and custodial service via a partnership with regulated crypto-specialist Seba. Julius Baer announced its new digital assets offering on Jan. 21, the result of its 2018 minority equity stake acquisition and later partnership with crypto startup Seba Bank AG in February 2019.  Seba, which was founded in April…

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Bitcoin Gold Blockchain Hit by 51% Attack Leading to $70K Double Spend

The Bitcoin Gold blockchain suffered a second 51% attack in two years, leading to $70,000 worth of BTG being double spent. The Bitcoin Gold (BTG) blockchain has suffered a 51% attack resulting in over $70,000 worth of BTG being double spent. According to a GitHub post by James Lovejoy, a researcher at MIT’s Digital Currency Initiative, the hard-fork of Bitcoin was hit by two deep reorganizations of over 10 blocks on Jan. 23 and 24. A 51% attack is a situation where a single entity or group controls over half…

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Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks

Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use. The legalization of cryptocurrencies remains a priority in Kiev as the government has indicated its clear understanding that the benefits outweigh the risks. Also read: New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments Exchanges and Banks to Collect and Keep User Data Operations conducted by crypto companies and other entities dealing with…

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