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Cryptocurrency News

Location American Cryptocurrency News for 12 June 2020
4 Reasons Why Bitcoin is The Best Hedge Against Uncertainty Bitcoin Strategist at Kraken, Pierre Rochard, explains why Bitcoin is the perfect asset against uncertainty despite its high volatility.
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Tiny Tax Haven Accounts for $36B of Cross-Border BTC Transactions Seychelles-based exchanges moved $36 billion worth of Bitcoin across international borders in 2019.
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The DADA Art Collective is using blockchain to promote Black Lives Matter and calls for police reform. Here's how tokens can be a form of protest.
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South Korean Experts Say Crypto Is a Poor Safe-Haven Asset A leading South Korean professor from the Hongik University does not believe cryptocurrencies are safe from market recession.
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Steve Forbes: 'Bitcoin Is a High-Tech Cry for Help'

Coin Telegraph - 12 Jun 2020 22:44
Steve Forbes: 'Bitcoin Is a High-Tech Cry for Help' Media magnate Steve Forbes has described crypto assets as "a high-tech cry for help" resulting from the failures of contemporary fiat money systems.
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The crypto market seems more closely tied to traditional markets now, but is handily beating stocks year-to-date.
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Bitcoin Price Volatility Expected as 10% Mining Difficulty Adjustment Looms Bitcoin's mining difficulty is set to adjust by 10% within 3 days, meaning operational costs for miners could spike.
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US Financial Services Committee Hearing Discussed the Creation of a 'Digital Dollar' On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman ...
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Investor Claims There's No Way to Cash Out From Grayscale's Bitcoin Trust An investor raised a major criticism about the way in which the Grayscale Bitcoin Trust is set up.
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Price Analysis 6/12: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ Bitcoin sold off as stocks corrected on June 11, but BTC and altcoins are failing to recover even as equities markets move higher.
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The Ontario Securities Commission says QuadrigaCX, an infamous Canadian exchange, was a Ponzi scheme, while the National Science Foundation is issuing a grant to design a national digital currency.
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Lebanon's Central Bank Burns as Protesters Rail Against Fiscal Failures A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets.
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These Are 8 Biggest Crypto Funds According to a New Database There are eight crypto funds with more than USD 250 million in assets under management (AUM), according to the newly-launched Dove Mountain Data, a live database of all funds deploying capital into crypto. This free, liv...
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This Liechtenstein Bank Can Now Custody Crypto

Coin Desk - 12 Jun 2020 19:33
Mason Privatbank Liechtenstein is aiming to cater to both crypto-focused investors and asset managers who are looking to diversify their portfolios.
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3 Reasons Why Bitcoin Price Could Crash if US Stock Market Collapses Experts are anticipating a stock market crash in the near term. Bitcoin may follow suit due to three main factors.
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Canadian Regulator Unveils the Truth Behind Collapsed Crypto Exchange Quadrigacx The Ontario Securities Commission (OSC) has completed its investigation of what happened to the defunct cryptocurrency exchange Quadrigacx which owes over 76,000 clients a combined $215 million in assets. Supposedly dece...
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Petro for Petrol, Karpeles' Guilt, Cotten's Ponzi, Frozen Bitmain + More News Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news - investigating the stories flying under the radar of today's crypto news. Crypto adoption news The Venezuelan government says ...
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Craig Wright Apparently Just Admitted to Hacking Mt. Gox Craig Wright's legal team appears to alleged that he controls one of the Bitcoin addresses affiliated with an old Mt. Gox hack.
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Illogical stock movements demonstrate the need for new ways to allocate capital. Yes, it's time to talk about token offerings once more.
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Bitcoin News Roundup for June 12, 2020

Coin Desk - 12 Jun 2020 18:06
With the price of BTC dropping more than 6% overnight, CoinDesk's Markets Daily is back with your bitcoin news roundup.
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Bitcoin Mining Difficulty Set for Highest Jump in Nine Months If everything goes as estimated, miners are about to experience the rise in Bitcoin (BTC) mining difficulty not seen since September last year, as more mining machines are back to work, increasing security of the network...
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Number of Active Bitcoin Addresses Could Indicate $14.7K Price Rise A key on-chain metric that Bloomberg bets on, points to a Bitcoin bull run with possible 50% price appreciation.
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