Tunisia to Launch E-Dinar National Currency Using Blockchain

Russian ICO startup Universa will issue and manage Tunisia’s central bank digital currency. Tunisia has become the first country to start moving its national currency to a blockchain platform. Russian ICO startup Universa will help issue and manage Tunisia’s Central Bank Digital Currency (CBDC), reported Russian news agency Tass on Nov. 7. E-dinar expected to be more transparent, cheaper to issue The Central Bank of Tunisia announced that the digitization of the Tunisian dinar has started and that the paper-backed CBDC will be issued on the Universa Blockchain.  Furthermore, Universa…

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Her Majesty the Queen Rules Out Crypto as Currency

New U.K. crypto tax policy paper: Crypto is an asset and subject to capital gain tax. Only a few weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs, has updated its cryptocurrency taxation policy paper for businesses and individuals. The HMRC’s approach in this policy paper is, as expected, conservative, and it stands in line with other countries’ tax treatment for cryptocurrencies. The HMRC explicitly states that it does not consider crypto…

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Bitcoin Price Hovers Under $8,800 as Top Altcoins See Minor Gains

Most of the top 20 cryptocurrencies are reporting minor gains as Bitcoin hovers under the $8,800 mark. Saturday, Nov. 9 — most of the top 20 cryptocurrencies are reporting minor gains on the day at press time, as Bitcoin (BTC) hovers under the $8,800 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 0.27% on the day, trading at around $8,795 at press time, according to Coin360. Looking at its weekly chart, the coin is down by almost 5.5%. Bitcoin 7-day price chart. Source: Coin360 As…

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Are Bitcoin and Other Cryptos Back in a Bear Market After Latest Drop?

While the latest drop in Bitcoin price below $9,000 should not be a cause for concern when zoomed out, certain key levels must hold to renew bullish sentiment. On Nov. 8, Bitcoin corrected from $9,200 to $8,650, causing the market sentiment to shift from greed to fear once more.  The correction came after one of the biggest surges in the history of Bitcoin (BTC), which makes the sentiment shift curious. Let’s take a look at the market overview and analyze the charts. Crypto Market Daily Data View. Source: Coin360 Bitcoin…

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Bakkt Bitcoin Futures Daily Trading Volume Hits New Record — $15M

Bitcoin futures daily volumes on digital asset platform Bakkt have hit a new all-time high with 1,741 futures traded on Nov. 9. Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9. Bakkt announced the new record, stating:  “Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded.” Volume spike coincides with Bitcoin price dip Twitter account dedicated to Bakkt futures trading volume data, Bakkt Volume Bot, also pointed out the development on…

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Tether Supports Peter McCormack’s Defense Against Craig Wright

Leading stablecoin operator Tether now supports the defense of crypto podcaster Peter McCormack against self-proclaimed Bitcoin creator Craig Wright. Leading stablecoin operator Tether has announced it will support crypto podcaster Peter McCormack in a lawsuit against self-proclaimed Bitcoin (BTC) creator Craig Wright. General counsel for Tether and cryptocurrency exchange Bitfinex, Stuart Hoegner, revealed on Nov. 8 that Tether also rejects Wright’s claims of being Satoshi Nakamoto. He explained: “Wright has had myriad opportunities to prove that he is Satoshi and has not definitively done so.” As Cointelegraph reported in April,…

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The Power in Energy, and How New Technologies Can Shift It

Emerging technologies have the potential to impact climate change and shift society’s makeup to be more sustainable and accessible to all. The world is slowly, but very surely, turning its attention to climate change, and to the human activities that are having the largest impact. The recent U.N. General Assembly on Climate Change broached these topics in detail, looking at how politics, economy and human activity need to change in order to limit the damage being done to the environment.  While industries such as oil and fashion leave a prominent carbon footprint…

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Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High

Bitcoin futures daily volumes on digital asset platform Bakkt have hit a new all-time high with 1,741 futures traded on Nov. 9. Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9. Bakkt announced the new record, stating:  “Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded.” Volume spike coincides with Bitcoin price dip Twitter account dedicated to Bakkt futures trading volume data, Bakkt Volume Bot, also pointed out the development on…

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Weaponizing Blockchain — Vast Potential, but Projects Are Kept Secret

“Emerging technologies such as blockchain have the potential to define the war industry over the coming decades,” former NATO Secretary General Rasmussen tells Cointelegraph. When Indian Defense Minister Rajnath Singh said that blockchain and artificial intelligence would “revolutionize war,” as Cointelegraph reported on Nov. 4, did he take things a bit too far? Jet engines have revolutionized warfare, and so have missiles and nuclear weapons — but shared digital ledgers?  Former NATO Secretary General Anders Fogh Rasmussen, for one, told Cointelegraph that he agrees with India’s minister when he was…

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10% of MoneyGram’s US-Mexico Business is Crypto-Enabled

We asked for more context on the soundbyte statistic. An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries. The simple act of transferring money from one country to another — more formally known as remittance — is one economic heavyweight of a market, yet blockchain technology is poised to change its operations anyway. Already well-suited for securely transferring units of value around the world, the same technology that powers Bitcoin holds great implications for…

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