News 

Binance Announces New Stablecoin Venus

This article was originally published by 8btc and written by Lylian Teng. One of the world’s largest cryptocurrency exchanges, Binance, has announced a plan to launch an open blockchain project called “Venus,” an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published on August 19, 2019, the localized stablecoin initiative will leverage the exchange’s existing infrastructure (such as its public chain Binance Chain and cross-border payment systems), wide user base and established global compliance measures. Bearing a similar vision…

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Press Releases 

BiKi.com Debuts on CoinMarketCap Ranking Within Top 20 Exchanges

23rd August, 2019, Singapore, Singapore – One-year-old BiKi.com’s recent entry into CoinMarketCap’s listings on August 21st sees the exchange debut at an impressive Top 16th ranking, based on adjusted trading volumes. The young trading platform only began building its international team in March this year and within a couple of months, was listed at established exchange listing site, CoinGecko, also debuting within Top 20 rankings. BiKi has received investments from Huobi co-founder Du Jun, Genesis Capital, FBG Capital, ChainUP and others totaling approximately 10 million USD. The last 3 months…

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News 

Bitcoin’s Growing UTXO Problem and How Utreexo Can Help Solve It

Scalability is still a point of concern for Bitcoin — but clever minds continue to produce innovative proposals to resolve bottlenecks. One of the specific scalability concerns is the growth of the unspent transaction output (UTXO) data set held by Bitcoin nodes. This is the list of all (fractions of) bitcoin in existence and details on how it can be spent. Unfortunately, this list tends to grow over time, particularly as new users enter the system — they’ll have their coins reflected in UTXOs as well. In an attempt to…

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News 

How the PlusToken Scam Absconded With Over 1 Percent of the Bitcoin Supply

On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities after they managed to fleece unwitting customers out of roughly $3 billion.  PlusToken, as it was called, promised its “investors” monthly returns of anywhere from 10 to 30 percent in its eponymous token (PLUS), which traded on such popular exchanges as Huobi and Bithumb. This attracted more than 200,000 bitcoin (1 percent of the outstanding supply, or the entirety of the Winklevi’s bitcoin holdings), 789,000 ether and…

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bitcoin Bitcoin Analysis Brian Kelly Cryptocurrency News 

Brian Kelly Is Short-Term Bearish but Sees ‘Generational Opp’ in Bitcoin

Brian Kelly is bearish on the bitcoin price in the short term but believes there is a generational buying opportunity coming in BTC/USD. | Source: CNBC/YouTube By CCN Markets: The bitcoin price might have broken back above the $10,000 level today, but one notable trader isn’t impressed. Speaking on CNBC, crypto investor Brian Kelly, who is usually the biggest bitcoin bull in the room, made it clear that he has turned bearish on BTC/USD despite its recent bounce. Longer-term, however, Kelly still believes there is a “generational buying opportunity” coming…

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News 

Miniscript: How Blockstream Engineers Are Making Bitcoin Programming Easy(er)

Bitcoin offered the first smart contract programming language the world had ever seen. Script, as this language is called, lets users encode different conditions under which coins can be spent. But while this was a revolutionary concept, it’s not easy to use, especially for more complex spending conditions. Both writing a complex contract as well as verifying that the contract does what it is supposed to do are prone to human error. Yet, especially with money at stake, correct interpretation of the conditions is of the utmost importance. Over the…

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Dow Jones nasdaq S&P 500 U.S. Market News 

Dow Plows Toward Triple-Digit Rally as Jackson Hole Unfolds

The Dow plowed ahead toward a triple-digit rally, leaving the S&P 500 and Nasdaq in the dust as the critical Jackson Hole summit unfolded. | Source: REUTERS/Leah Millis By CCN Markets: The Dow diverged from the broader U.S. stock market on Thursday, as concerns over the economy and monetary policy kept investors on the sidelines. Dow Rallies; S&P 500 Flatlines The U.S. stock market was mixed in late-afternoon trading, mirroring a tepid pre-market for Dow futures. The Dow Jones Industrial Average was the lone bright spot among the major indexes,…

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