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Book Review – Decoding Digital: What is Cryptocurrency

book review – decoding digital: what is cryptocurrency

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According to author Cahill Camden, “Decoding Digital: What is Cryptocurrency” was inspired by a conversation with his parents at the height of the crypto bubble in early 2018, which was along the lines of “Ok, we don’t have that much money, but we’ve heard about Bitcoin. Is cryptocurrency something we should invest in?”After searching for, and not finding, a book which would explain the things that they needed to know in order to make an informed decision, Camden decided to write one. This is a very common thread in the field of books’ origin stories, but is no less valid for its ubiquity.We start with an explanation of Camden’s approach. Knowledge of a subject, he believes, depends upon an understanding of the words and concepts that define it.“Words form concepts. Concepts form ideas. Ideas form theories. And theories inspire action.”By understanding the words which are used to describe a topic therefore, we gain a greater understanding of the topic. The book is structured with this in mind. It is split into several chapters, each of which contains an entry for each related term or concept.Each entry is further broken down with sections giving …

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Bitcoiners Launch Cryptocurrency Relief Fund Following Beirut Explosion – CoinDesk

bitcoiners launch cryptocurrency relief fund following beirut explosion – coindesk

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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bye-bye Bitcoin: Marine Corps bans cryptocurrency mining on government devices

bye-bye bitcoin: marine corps bans cryptocurrency mining on government devices

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The U.S. Marine Corps has prohibited the use of cryptocurrency mining applications and other apps on government mobile devices. The information made available by accounts on certain apps “is a privacy and security concern,” according to a Marine administrative message signed July 28. Marines also are prohibited from having gaming, dating or gambling platforms on their government-furnished mobile devices, per the memo. “Users are strongly encouraged to delete any apps from their personal devices that the US Government has deemed a risk,” the memo urged. Lists of authorized and unauthorized apps will be made available to Marines, and prohibited applications will be automatically removed from devices by a management server. Banning apps Banning applications is not a new cybersecurity measure in the military. Earlier in 2020 each branch of the military banned service members from installing the Chinese-made video sharing app TikTok on government-issued phones over fear that the app was being used by the Chinese government to collect data and spy on American citizens. Get the Marine Corps Times Daily News Roundup Don’t miss the top Marine Corps stories, delivered each afternoon × Sign up for the Marine Corps Times Daily News Roundup to receive the top Marine Corps stories …

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Bye-bye Bitcoin: Marine Corps bans cryptocurrency mining on government devices

bye-bye bitcoin: marine corps bans cryptocurrency mining on government devices

BEGIN ARTICLE PREVIEW:

The U.S. Marine Corps has prohibited the use of cryptocurrency mining applications and other apps on government mobile devices. The information made available by accounts on certain apps “is a privacy and security concern,” according to a Marine administrative message signed July 28. Marines also are prohibited from having gaming, dating or gambling platforms on their government-furnished mobile devices, per the memo. “Users are strongly encouraged to delete any apps from their personal devices that the US Government has deemed a risk,” the memo urged. Lists of authorized and unauthorized apps will be made available to Marines, and prohibited applications will be automatically removed from devices by a management server. Banning apps Banning applications is not a new cybersecurity measure in the military. Earlier in 2020 each branch of the military banned service members from installing the Chinese-made video sharing app TikTok on government-issued phones over fear that the app was being used by the Chinese government to collect data and spy on American citizens. Get the Marine Corps Times Daily News Roundup Don’t miss the top Marine Corps stories, delivered each afternoon × Sign up for the Marine Corps Times Daily News Roundup to receive the top Marine Corps stories …

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Cryptocurrency Banks: The Emergence & Potential Success Of Fintech

cryptocurrency banks: the emergence & potential success of fintech

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For those who have followed the rise of cryptocurrency, it has been a wild ride.
Anonymous, encrypted digital methods of financial transactions have been around since 1983. With the introduction of blockchain technology and the subsequent creation of Bitcoin, cryptocurrency started making headlines and became a buzzword across the globe.
The reaction of governments and banks towards cryptocurrency was largely negative at first. The levels of privacy provided by crypto technology seemed like a criminal’s paradise. Many countries moved quickly to ban or limit new technology. Coho Capital commentary for the second quarter ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more Dear Partners, Coho Capital returned 46.6% during the first half of the year compared to a loss of 3.1% in the S&P 500. Many of our holdings, such as Netflix, Amazon, and Spotify, were perceived beneficiaries Read More
There was also a large effort by banks and the media to discredit cryptocurrencies. Howard Marks, one of the wealthiest investors in American and founder of Oaktree Capital Management, claimed that cryptocurrency was a scam. According to him, Bitcoin was “nothing but an unfounded fad (or perhaps even a pyramid scheme) … based on a willingness to ascribe value to something that has …

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Paytm Freezes Indian Bank Accounts Suspected of Cryptocurrency Trading: Report | News Bitcoin News

paytm freezes indian bank accounts suspected of cryptocurrency trading: report | news bitcoin news

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India’s largest mobile commerce platform Paytm has reportedly been freezing the bank accounts of users suspected of crypto trading, even though cryptocurrency, including bitcoin, is legal in India. The country still does not have a legal framework for cryptocurrencies but the government says that a crypto bill is “awaiting approval.”Banks Still Block Accounts Over Crypto ActivitiesPaytm Payments Bank, which describes itself as India’s “largest digital bank with over 58 million account holders,” has reportedly been blocking customers’ accounts suspected of trading cryptocurrencies. Paytm is India’s largest mobile commerce platform with about 450 million registered users. The brand is owned by One97 Communications Ltd., founded by Vijay Shekhar Sharma. Local Indian news outlet Coin Crunch reported Monday:Many users are reporting Paytm is freezing bank accounts of Paytm payments bank account holders with suspicion of crypto trading.The publication explained that Paytm offers INR wallet and INR banking services. “So P2P or spot, users can use this bank account to receive money or to send fiat to deposit in exchanges. And those bank accounts are being frozen.”Paytm would not be the only bank to have a problem with cryptocurrency trading. Last month, Axis Bank, India’s third-largest …

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Crypto Derivatives Getting Ready to “Explode”: Delta Exchange CEO Speaks | Finance Magnates

crypto derivatives getting ready to “explode”: delta exchange ceo speaks | finance magnates

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Over the past several months, cryptocurrency derivatives markets have been heating up.Indeed, much like the spot markets on which they sit, the crypto derivatives scene seems to be beginning a sort of ‘renaissance’ period: the stagnancy that hit the price of Bitcoin for months earlier this year pushed traders into altcoin markets, which has, in turn, created a new crop of interest–and capital–in altcoin derivatives markets.The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets InnovationFor a comprehensive analysis on the current and future trends in the crypto derivatives market, Finance Magnates spoke to Pankaj Balani, chief executive of Delta Exchange, a cryptocurrency derivatives exchange incorporated in St. Vincent. Delta Exchange offers futures and derivatives trading across bitcoin and altcoins with up to 100x leverage.Pankaj was able to share unique insight into the ways that cryptocurrency derivatives markets are currently developing. Before co-founding Delta, Pankaj acted as the head of derivatives strategy and sales for Elara Capital, a sales trader at UBS, and many other things.[embedded content]The following is an excerpt. To hear Finance Magnates’ full conversation with Pankaj, visit us on Soundcloud or Youtube.Derivatives markets are “somewhere between five to …

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Cryptocurrency and blockchain can help solve many problems for the unbanked and the financially excluded – CityAM

cryptocurrency and blockchain can help solve many problems for the unbanked and the financially excluded – cityam

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Successful British entrepreneur Richard Ells has been around computers and coding from a very early age, and at age 26 he launched an internet business that would later win him an award, but it was not until he launched cryptocurrency start-up Electroneum in 2017 that he felt he could help make a difference in people’s lives with the revolutionary blockchain technology.Before Electroneum, Mr. Ells’ first major success came was Sitewizard, the company he and his partner Adrian Reeves set up in 1996. The idea was an all-in-one website design system that would later become one of the earliest content management systems (CMS) on the market. Eight years later, SiteWizard received the National Business Awards Bright Business prize for software.By 2011, Richard’s company had more than 3,000 clients and had become one of the UK’s most recommended website design firms. Two years later, Richard and Adrian founded another tech firm called Retortal, a company specializing in digital marketing tools for the direct selling industry. The social media management website currently boasts prominent clients such as Mary Kay, FOREVER, and Herbalife Nutrition.The power of blockchain“In 2016, I began to contemplate the idea for a cryptocurrency. I had already been involved in …

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Cryptocurrency Market News: Bitcoin stares into the abyss as $12,000 hurdle holds

cryptocurrency market news: bitcoin stares into the abyss as $12,000 hurdle holds

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Here is what you need to know on Tuesday, August 11, 2020.

Markets:

Bitcoin price continues to struggle with building bearish pressure at $12,000. All attempts made from Monday to rise and hold above $12,000 have all ended up in losses towards the short term support at $11,800.

Meanwhile, BTC/USD is trading at $11,774 after adjusting from the intraday high traded at $11,942. Support at $11,800 continues to keep the selling pressure in check as the bulls focus on breaking the resistance at $12,000.

Ethereum just like Bitcoin is not able to overcome the resistance at that key level of $400. Trading on Monday brushed shoulders with this seller congestion zone but a reversal occurred with ETH/USD retesting support at $395. ETH/USD is exchanging hands at $392 after a minor 1.2% loss on the day. The low volatility means that rapid price actions will be limited.

Ripple price is the only one among the major coins that are trading relatively in the green having soared above $0.30. XRP/USD is trading at $0.3026 amid a building bullish trend. As reported earlier, Ripple has the potential to contain the price above $0.30 as buyers plan on staging another attack on the seller congestion at $0.31.

Among the top 50 cryptocurrencies, some altcoins are performing well. The …

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