The Securities and Exchange Commission has rejected several bitcoin ETF proposals. On August 22, 2018, the SEC issued a statement to deny approval for bitcoin ETF. ProShares, GraniteShares and Direxion saw their bitcoin ETF proposals rejected.
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The upward trend of cryptocurrencies in the fintech sector continues as new and creative solutions are revealed.
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Bytom is a blockchain protocol that allows converting physical objects into digital assets that can be stored and manipulated on the blockchain. Bytom supports income, equity and securitized assets. The Bytom token is used on the Bytom network.
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Ripple is a payment protocol that allows for peer to peer payments on its network. Ripple has been adopted by many financial institutions worldwide and may replace SWIFT as the leader in global payments. It is powered by the XRP cryptocurrency on its platform.
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Cryptocurrency and blockchain technology are evolving with every passing day. There have been a number of developments happening in this sphere, and the pace of these advancements is picking up. In order to stay abreast with all the new developments happening in the world of blockchain technology, one needs to keep updated with all the major events and conferences.
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Litecoin is a cryptocurrency used for peer to peer transactions. There are many ways to buy Litecoin with debit or credit cards, bank transfer or PayPal. Litecoin can be stored on an exchange, a desktop wallet, a hardware wallet or even a paper wallet.
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Waltonchain is a project that combines blockchain with IoT to create a management system for supply chains. Its primary product is Value IoT which is an IoT hosted on a blockchain and is accessed using RFID technology. Development of Waltonchain will be four phases.
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The rise in popularity of Bitcoin has led to an increase in the adoption of blockchain technology. Investments in blockchain are on the rise. Investments in blockchain can be done with cryptocurrencies like Bitcoin or ethereum and stocks of companies implementing blockchain or blockchain startups.
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Lisk is an open source blockchain platform powered by LSK tokens that allows developers to write decentralized blockchain applications in JavaScript. It offers the ability to create a sidechain connected to the main Lisk network. It had raised more than 14000 Bitcoin in its ICO.
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Bounties and airdrops are used to spread awareness about a cryptocurrency. Bounties are simple tasks which upon completion reward the user with tokens. Airdrops are tokens which are distributed freely based on certain rules.
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Dragonchain is a commercial entity which provides developers a platform for deploying blockchain applications. It also provides an incubator and a commercial marketplace. It is operated through the Dragon cryptocurrency. It was originally created by Disney but was later made open source.
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Masternodes are an upgrade to standard nodes as they provide additional features and security to the blockchain. They are based on the Proof of Stake mechanism and require a high initial investment. Dash was the first cryptocurrency to implement masternodes.
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Bitcoin is the biggest and the most popular cryptocurrency. It has been the leading name in the world of cryptocurrencies since 2009 – not just by the virtue of it being the first cryptocurrency, but also because it has an active community that supports it not just in the markets, but also when it comes to improving and developing the technology that powers it.
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A rise has been observed in cryptocurrency scams which can be attributed to a significant increase in number of fake ICOs and digital currency exchnages being hacked.
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A smart contract cannot directly interact with the outside world. A blockchain oracle is used to collect and relay data to the smart contract. The decentralized application analyzes this data and then performs a pre programmed task.
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The guide will help investors build a complete cryptocurrency portfolio from scratch and help them how to analyze digital tokens before investing.
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The Ethereum network will undergo some changes in the coming months. It is expected that several more hard forks of the code will be released. Constantinople is the next big update, and its code is already being tested by the developers.
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Blockchain developers are creating tools for letting users complete cryptocurrency transactions even from an offline wallet. Such a move could help in taking cryptocurrencies mainstream.
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Blockchain is a chain of blocks where each block holds a list of transactions. Miners verify these transactions and a single confirmation is considered insecure or reversible whereas any transaction with more than six confirmations are irreversible.
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Orphan blocks are valid blocks which are not accepted into the main chain and are thus discarded. All transactions of an orphan block are sent back to the list of unconfirmed transactions. Miners receive rewards for uncle blocks but not for orphan blocks.
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