Paris Blockchain Week Summit Shows French Regulatory Climate Beginning to Thaw

France isn’t at the forefront of blockchain adoption–at least, not yet. However, all that could be about to change. Paris Blockchain Week Summit from April 16-17, will be one of Europe’s largest events dedicated to blockchain professionals. It’s also the first of its kind to be held here, backed by the French Ministry of Economy and Finance. Paris Blockchain Week Takes Place April 13-19 April 2019 won’t only be a good time to visit Paris in full bloom as the thousands of trees that line its famous boulevards burst into…

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Bitcoin Dominance Wanes In Crypto Recovery, But Researcher Says This Isn’t The Case

Recent reports seem to indicate that, believe it or not, Bitcoin (BTC)’s short-term prospects in this market are limited, as crypto analysts await the holy grail of trading sessions — the fabled “altseason.” With this phase of trading, analysts expect for Bitcoin’s hegemony over the broader industry to slip, as stakeholders flee to alternative digital assets in search of hefty profits. But a researcher claims that traders are getting this all wrong. Bitcoin Losing Steam To Other Crypto Assets? In recent weeks, cryptocurrencies, save for BTC, have posted stellar gains…

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MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year

Users of Decentralized Autonomous Organization (DAO) MakerDAO (MKR) have voted to raise the so-called stability fee for Maker’s DAI (DAI) stablecoin by 4 percent, according to the results of a recent poll completed on March 21. The firm announced on Thursday that users had voted yes to the proposal to increase the stability fee by 4 percent, from 3.5 percent to 7.5 percent. The reasons provided by the post are that the DAI’s exchange persists under one dollar, high inventory levels among market makers and prop desks, and insufficient impact…

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Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply

A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently: Figure 1: BTC-USD, Daily Candles, Upward Drift Our third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s. After several tests of the support level, the market began to slowly drift upward in a stair-stepping manner. This upward drift is a change of character…

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China’s Orwellian Cashless Payments Show Why Bitcoin Is Freedom

Like a scene from an Orwellian nightmare, authorities in Shenzhen China show where the future of centralized cashless payments is headed. And it isn’t pretty. Centralized Cashless Payments in China China is known for its high rate of technology adoption. Of the 2 billion or so smartphones around the world, two-thirds of them are in China. Unlike most users in the West, Chinese smartphones are particularly popular for making instant cashless payments. Just about everyone accepts mobile payments, from small street vendors to homeless people. Up until now, Chinese using…

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Ripple (XRP) Align Well with Islamic Principles, Rain to offer Support

Ripple prices drop but bullish Bahrain based Rain will offer six XRP trading pairs to their clients Transaction volumes low averaging 15 million Rain is the first crypto exchange to graduate from SRB’s sandbox and is Sharia compliant. With Ripple presence in Middle East pronounced, XRP prices may respond driving them above 34 cents and later 40 cents in a wave that will cement bulls of late Sep 2018 and those of Jan 30. Ripple Price Analysis Fundamentals At the back of any successful cryptocurrency project is liquidity and Ripple…

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Prediction Startup Numerai Raises $11 Million in ICO

American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, Numerai tweeted on March 21. Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the startup’s platform. Numerai founder Richard Craib said that the funds from the recent ICO will be mostly spent on hiring engineers for Erasure,…

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Japan Introduces Stricter Regulation for Crypto Margin Trading

Japanese regulators have reportedly approved draft amendments to the country’s financial instruments and payment services laws, introducing stricter regulations for margin trading of digital assets. A report by local news publication Nikkei Asia Review noted that the amendments will place a cap on available leverage for crypto margin trading, pegging it at two to four times the initial deposit. The report, published yesterday, also claimed that all cryptocurrency exchanges that offer margin trading will have to register with Japan’s Financial Services Agency (FSA) within 18 months of the new rules…

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