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Libra Hearing Fails to Assuage Senior Lawmakers’ Concerns

Following testimony before the United States House of Representatives Financial Services Committee earlier today, lawmakers are still concerned about the possible launch of the Libra stablecoin. On Oct. 23, legislators heard statements from Facebook CEO Mark Zuckerberg and posed questions covering a variety of topics from Libra to Facebook’s data policies and reaction to possible foreign influences on the platform.  Following the hearing, the committee’s chair, Maxine Waters, told Cointelegraph, “I don’t support Libra at all at this point.” Waters added: “I don’t support Libra at all at this point. And it’s…

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Living on Bitcoin in Europe: High on the Hog in Arnhem

Bitcoin Magazine supplied reporter Colin Harper with a fistful of sats and set him loose in Europe. This is the second installment in his “Living on Bitcoin in Europe” series. Catch up on Colin’s earlier adventures in Living on Bitcoin in Europe: From Amsterdam to Prague, No Cash Required. Rolf, the BnB owner, woke me at around 8:30 a.m. while he was on his way to work to explain how to get breakfast. I wasn’t quite ready to wake up but, having gotten enough sleep to recharge, I began messaging…

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Boeing Business News Market News 

Boeing’s Earnings Missed Wall Street’s Expectations Yet Its Stock Is Rising

Investors gave Boeing a massive pass on its terrible third-quarter earnings results that ordinarily would have sunk the company’s stock. The company didn’t disclose any additional bad news about the 737 Max. Net income at the Chicago-based company fell 51 percent to $1.17 billion, or $2.05 per share. Excluding one-time costs, per-share profit was $1.45. On that basis, Wall Street analysts had expected Boeing to earn $2.09. Revenue plunged 21 percent to $19.98 billion, beating expectations of $19.67 billion. Free cash flow, a closely watched metric, was a negative $2.89…

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Google Quantum Breakthrough Could Improve Proof-of-Stake

The application of Google’s quantum computing technology could purportedly help improve the technology which underpins proof-of-stake (PoS) cryptocurrencies. Quantum computing would create truly random numbers PoS is a type of consensus algorithm where block creators are randomly chosen with probability proportional to their stake, while the algorithm of proof-of-work-based digital currencies uses mining. However, the PoS variant has raised doubts regarding the integrity of random selections. Scott Aaronson, a quantum theoretician at the University of Texas at Austin, told Fortune on Oct. 23 that quantum computing could assuage PoS-skeptics doubts,…

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bitcoin Bitcoin Education Bitcoin Value Cryptocurrency News Learn about Bitcoin Opinion 

Bitcoin Has Proven Itself as the Best Store of Value Over the Last Decade

Since 2010, bitcoin has died 377 times at the hands of experts and popular media outlets. At the height of the bear market in 2018, bitcoin was declared dead a total of 90 times. Peter Schiff is just another personality to recently call the death of bitcoin. | Source: Twitter We are hurtling towards the end of 2019 and bitcoin is doing so well that it managed to carve a niche in today’s financial system. We talked to crypto traders, blockchain executives and researchers and they all agree that the…

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New Bitcoin ETF Proposal Filed With SEC by Gold Fund Veteran

Delaware-based asset manager Kryptoin Investment Advisors applied with the United States Securities and Exchange Commission (SEC) to launch a Bitcoin (BTC) Exchange Traded Fund (ETF) on Oct. 15. A Bitcoin ETF on the New York Stock Exchange According to the filing document published by the SEC, the Kryptoin Bitcoin ETF Trust is meant to be traded on the New York Stock Exchange Arca. Notably, the ETF product is designed: “[…] To provide exposure to bitcoin at a price that is reflective of the actual bitcoin market where investors can purchase…

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