How many Bitcoin are lost forever? 4 Million ? What does this mean for the Bitcoin price?

According to a recent article in Fortune magazine, new research from Chainalysis, a digital forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for good based on a high estimate—and 2.78 million based on a low one.   Those numbers imply 17% to 23% of existing bitcoins are lost. The Chainalysis findings are significant because it is not speculative but they rely on a detailed empirical analysis of the blockchain, where all bitcoin transactions are recorded.   The inforgraphic shows a summary of the Bitcoin lost…

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FATF rules will “leave the aging banking monopoly to wither and die”

FATF is setting new international standards for crypto and blockchain businesses.  Together with legislators, blockchain associations and VASPs at the V20 Summit, FATF’s recommendations will be discussed. The G20 Osaka Summit will be held in Japan on June 28 & 29, 2019.   Blockchain and crypto experts globally comment on this regulatory development.   Hans-Ole Jochumsen, Advisor at Concordium, the next-generation, decentralized world computer and the first with ID-verification built in at the protocol level, and ex-Vice Chairman of NASDAQ, commented: The international standards proposed by the FATF for regulating…

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World’s First Tokenized Listing on a National Exchange Announced by MERJ

London – MERJ announces plans to list the first-ever regulated security token on a national exchange. The move by the Seychelles-based exchange marks a milestone in bridging regulated capital markets with emergent distributed ledger technology (DLT).   Tokenized shares for MERJ Group will be listed alongside its existing stock, bringing tokenized securities under the umbrella of a national, regulated bourse for the first time. MERJ’s vertically integrated group of entities are licensed by the Seychelles Financial Services Authority as a securities exchange, clearing agency, and securities facility; this enables MERJ…

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Crypto regulations and the reasons behind it

Cryptocurrency regulations have already become yesterday’s news, whenever a country comes out with a new framework, traders are surprised that they hadn’t implemented one in the past, rather than be surprised by the law itself.   At this point, crypto regulations have become engraved in the minds of traders, and they’ve become a standard of the financial law, but what is it with cryptos that force the government to take legal action so fast? In fact, sometimes so fast that they introduce a very unrealistic set of laws?   Let’s…

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Partnership between Swarm and RSK Infrastructure Framework (RIF) to develop a breakthrough storage solution

RIF Storage will become the first Swarm implementation on RSK, secured by the Bitcoin Network   Gibraltar — June 26th,  2019 — IOV Labs, an organization dedicated to the development of the RSK Smart Contract Network and the RSK Infrastructure Framework (RIF OS), today announced a partnership with Swarm, a distributed storage platform and content distribution service, to implement and address the incentivization behavior of the Swarm network as a whole, including the Ethereum and RSK implementations.   Both teams share a unified vision of an open and encrypted data…

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Cudo Miner waives its mining fees in celebration of reaching 50,000 beta users

London, 25th June – Cudo Miner, the crypto mining platform, today announced that it is has reached over 50,000 beta users on its GUI mining platform. To celebrate hitting this milestone, Cudo Miner is introducing 0% mining fees for all miners, both new and existing, across its fully-featured and highly-automated mining software. As a thank you to its dedicated community, miners will be able to mine the cryptocurrency of their choice without fees, until Wednesday 31st July.   Cudo Miner has also launched a new coin voting system that gives…

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Could Bitcoin hit $100 000 in the Next Bull Run? – Top Analyst thinks so…

In a June 24  interview on Fox Business, ThinkMarkets chief market analyst Naeem Aslam predicts a Bitcoin price that could reach $100,000. Aslam had previously predicted on June 17 that BTC would hit $10,000 in “a couple of weeks,” citing institutional adoption as a major catalyst. He was proven right as Bitcoin hit his mark on 22 June 2019.   According to Aslam, the major price points to look out for now are $20,000 and $50,000. He argues that by hitting $20,000, discussion will move from conservative estimates exceeding the…

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Wanxiang Appoints Computing Network, PlatON to Power China’s Largest Blockchain Smart City

Completed by 2025, Wanxiang’s Innova City received a $29 billion USD investment   Shanghai, China – Wanxiang, the biggest automotive component manufacturer in China, has partnered with PlatON, the pioneering global privacy-preserving computing network, to co-develop the data infrastructure for China’s largest smart city project in Hangzhou, slated for completion by 2025. Wanxiang has pledged to invest $29 billion over the course of the next decade to support the technological and infrastructural development in what is envisaged to become China’s largest, most interconnected, blockchain-powered smart city. PlatON’s blockchain-based network, selected…

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Zilliqa Partners with Payments Platform Xfers to Drive Efficiencies Among Southeast Asian Businesses

Partnership will see Xfers utilising Zilliqa’s recently launched smart contracts to drive greater efficiencies in cost, transparency, and security for over 500,000 users   Singapore – Zilliqa, the high-throughput public blockchain platform, is partnering with Monetary Authority of Singapore (MAS)-approved Widely Accepted Stored Value Facility (WA SVF), Xfers, to explore the use of payment solutions powered by distributed ledger technology for over 500,000 users in Southeast Asia.   Xfers facilitates digital financial inclusion for online businesses and fintech startups while supplying the tools to be compliant with recent regulatory updates…

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Facebook announces the launch of Libra Cryptocurrency – Blockchain and Crypto Experts weigh in

Facebook has announced the launch of its Calibra wallet that is backed by the Libra Association, an independent consortium with members such as Visa, Mastercard, Stripe and Coinbase.   The association will independently govern and oversee Calibra’s bespoke cryptocurrency, Libra—with the digital coin imagined to further a global financial system, this historically marks the social media giant’s boldest foray into the financial services industry.     Facebook released its white paper explaining Libra and its testnet for the blockchain system before a public launch in the first half of 2020.…

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