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Coinbase CEO Recommends Crypto As US Debt Skyrockets

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Coinbase CEO Recommends Crypto As US Debt Skyrockets
twitter
 Published Few hours ago
Coinbase CEO Recommends Crypto As US Debt Skyrockets 
Coinbase CEO Brian Armstrong has recommended crypto-assets, once again, as the solution to economic woes, debt-monetization, and other problems facing the global economy. Armstrong Tweeted his endorsement for crypto-assets and went on to cite a report which projects that US national debt will increase to 98% of GDP by 2030. He said, Millenials and Gen Z, who have grown up with the internet, are far more comfortable with the idea of digital currencies and tokenization of real-world assets than older investors. Read Full on twitter

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Cambridge Analytica Whistleblower Says Blockchain to Solve Data-Privacy Crisis
Cointelegraph
 Published Few hours ago
Cambridge Analytica Whistleblower Says Blockchain to Solve Data-Privacy Crisis 
Cambridge Analytica whistleblower Brittany Kaiser believes Blockchain technology is an important tool in addressing the data protection crisis. Kaiser expressed confidence that emerging technologies like blockchain will help people protect their personal data, which is, per Kaiser, the most valuable asset in the world. Kaiser said that she is excited to see some blockchain-powered social media solutions, while opposing social media giant Facebook as well as its messenger WhatsApp. Read Full on Cointelegraph

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Bitcoin Is Re-Entering A Bull Market, Fundstrat’s Tom Lee Confirms
Bitcoinist.com
 Published Today
Bitcoin Is Re-Entering A Bull Market, Fundstrat’s Tom Lee Confirms 
Fundstrat’s head of research asserts that Bitcoin has crossed its two hundred day moving average. This move represents a notable market move, and supports evidence that the leading crypto-asset will experience big gains this year. Lee has also stated that Bitcon’s year-to-date gain of 26% represent the largest of any major asset class, with the cryptocurrency’s use as a safe haven asset being a likely contributor. It’s also worth noting that BTC price has moved up further since this tweet. Read Full on Bitcoinist.com

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Zcash community votes to allocate 20% of mining rewards to development
The Block
 Published Today
Zcash community votes to allocate 20% of mining rewards to development 
The Zcash community has voted on a new methodology for distributing network mining rewards to support the development of the privacy-oriented cryptocurrency. Per the voting decision, 20% of the Zcash mining rewards will be allocated to a development fund, while miners will get 80% as of block 1,046,400. The development funds will be distributed among different parties. Electric Coin Company will get 7% of mining rewards, the Zcash Foundation will get 5% and the rest 8% will be used for grants to third-party developers. Read Full on The Block

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Binance’s US to Introduce Staking Rewards
binance
 Published Today
Binance’s US to Introduce Staking Rewards 
Binance.US, the U.S. cryptocurrency trading platform of major crypto exchange Binance, will introduce stacking rewards in February. Staking rewards will be made available for Algorand (ALGO) and COSMOS (ATOM) starting next month. Furthermore, the exchange announced plans to add other Proof-of-Stake (PoS) coins later. Staking is an activity possible on PoS-based blockchains that allows the network’s nodes to validate blocks by holding cryptocurrency as collateral. Read Full on binance

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Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client
Cointelegraph
 Published Today
Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client 
The Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients. The project’s goal is to allow smartphones and embedded devices to run smart contract-capable nodes. These funds will be used to get Nimbus into a production-ready state, as the next milestones will involve the testing and eventual re

lease of a client supporting Ethereum’s beacon chain. Like existing Ethereum (ETH) clients such as Mist and Parity, Nimbus will allow users to connect to the upcoming Ethereum Serenity network. Read Full on Cointelegraph

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Largest Japanese Consulting Firm to Launch New Cryptocurrency Index
Cointelegraph
 Published Today
Largest Japanese Consulting Firm to Launch New Cryptocurrency Index 
Leading Japanese consulting firm Nomura Research Institute jointly launched a crypto index with cryptocurrency investment solution provider Intelligence Unit. The new index’s name is NRI/IO Crypto-Asset Index.The index is meant to cover global crypto markets in U.S. dollars and Japanese yen by tracking the largest cryptocurrencies. The NRI/IO Crypto-Asset Index tracks the performance of a pre-defined basket of crypto assets and will be tradable in dollars and yen on NRI’s platform. The index includes BTC, ETH, LTC, BCH and XRP. Read Full on Cointelegraph

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Swiss municipality Zermatt to accept bitcoin for taxes and transactions
CryptoNinjas
 Published Today
Swiss municipality Zermatt to accept bitcoin for taxes and transactions 
Zermatt, a municipality in Switzerland and popular tourist resort, in cooperation with Bitcoin Suisse; announced today that it will accept bitcoin (BTC) as a means of payment. This applies to taxes and official transactions with immediate effect. Bitcoin Suisse has installed a point-of-sale (POS) solution in the Zermatt town hall so fees for services from local authorities can be paid in bitcoin. In addition to having access to a POS device in the Zermatt town hall, taxpayers will also be able to pay their taxes at a communal level using bitcoin. Read Full on CryptoNinjas

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Litecoin’s Charlie Lee claims MimbleWimble scales better
Cointelegraph
 Published 1 Day ago
Litecoin’s Charlie Lee claims MimbleWimble scales better 
Litecoin creator, Charlie Lee has been vocal about LTC becoming a privacy coin in the near future. Lee had on-boarded Grin developer, David Burkett to implement the MimbleWimble [MW] protocol and use extension blocks for scalability and privacy on the network. Noting fungibility as one of the important properties of money that had been missing from Litecoin, Lee said implementation of MW protocol might get them halfway there. Scalability has been the main concern for most coins, but according to Charlie MW scales better than Bitcoin. Read Full on Cointelegraph

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Gemini Takes Key Step for Europe Expansion
Decrypt
 Published 1 Day ago
Gemini Takes Key Step for Europe Expansion 
New York-based cryptocurrency exchange Gemini takes another key step toward its eventual launch in Europe. Gemini Europe, a division of the Cameron and Tyler Winklevoss-led exchange and crypto custodian, announced the hiring of Blair Halliday, former Circle compliance lead, as its new chief compliance officer. Halliday will also serve as Gemini Europe’s money-laundering reporting officer. Among Halliday’s duties will be to keep the firm's European division compliant with all relevant crypto and blockchain-focused legislation. Read Full on Decrypt

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