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Everyday, I bring you the most important CryptoNews so you can stay updated with the latest developments.
- 7 Trends in Cryptocurrency That Entrepreneurs Should Know About
- Lebanese Central Bank Governor Criticizes Bitcoin as “Unregulated” Commodities
- Japan’s Financial Authority Clarifies Stance on Initial Coin Offerings
- Vietnamese Central Bank Bans Cryptocurrencies
- Sony Seeks Blockchain Patent for User Authentication System
- BTC Trading Update by @cryptopassion
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đź—ž 7 Trends in Cryptocurrency That Entrepreneurs Should Know About
In the past several years, the online payment environment has consistently embraced new possibilities. In the present moment, payments can be made through simple forms in which you add some information, click a button, and poof, you’re done. However, every payment that we make bounds us to our bank accounts.
Read more & Source: https://news.bitcoin.com/how-money-got-free-bitcoin-and-the-fight-for-the-future-of-finance/
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🗞 Lebanese Central Bank Governor Criticizes Bitcoin as “Unregulated” Commodities
"These [Bitcoin] are not currencies but rather a commodity whose prices rise and fall without any justification. For this reason, BDL has banned the use of this currency in the Lebanese market. We understand that electronic currency will play a prominent role in the future. But BDL must first make the necessary arrangements before taking this step and develop [a] protection system from cybercrime.”
Read more & Source: https://cointelegraph.com/news/lebanese-central-bank-governor-criticizes-bitcoin-as-unregulated-commodities
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🗞 Japan’s Financial Authority Clarifies Stance on Initial Coin Offerings
The Japanese Financial Services Agency (FSA) has issued a statement regarding initial coin offerings (ICOs). In addition to risk warnings, the agency detailed how two existing laws may apply to token sales.
“You should have a deal [invest] at your own risk only after understanding enough the risks above and the content of an ICO project if you buy a token. You should also pay careful attention to suspicious solicitation of ICOs.”
“ICOs may fall within the scope of the Payment Services Act and/or the Financial Instruments and Exchange Act depending on how they are structured.”
Read more & Source: https://news.bitcoin.com/japans-financial-authority-initial-coin-offerings/
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đź—ž Vietnamese Central Bank Bans Cryptocurrencies
Vietnam’s central bank, State Bank of Vietnam has declared the use of digital currencies in the country as illegal. The central bank also announced that it will impose a fine on anyone caught utilizing the cryptocurrencies starting early 2018.
Based on the new monetary law issued by the bank that is scheduled to go into effect during the first quarter of 2018, Bitcoin and other virtual cryptocurrencies are already considered as illegal and their use will be prohibited in the country. The law also states that the only authorized payment methods in the country are those issued or controlled by the State Bank of Vietnam.
Read more & Source : https://cointelegraph.com/news/vietnamese-central-bank-bans-cryptocurrencies
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đź—ž Sony Seeks Blockchain Patent for User Authentication System
Japanese tech conglomerate Sony may be looking to apply blockchain to a proposed user login system, according to a new patent application.
Released by the U.S. Patent and Trademark Office on Oct. 26, the document outlines how the electronics maker might use two different blockchain platforms in conjunction with each other as part of a multi-factor authentication system (MFA).
MFA systems work by giving users two different credentials to log into a website or program. After a user enters a standard username and password, an authentication token generates a code, which they must also input to gain access. The idea is that while an attacker might be able to gain a user's password, they usually cannot also gain access to the token, which generates a different code for every login.
Read more & Source : https://www.coindesk.com/sony-seeks-blockchain-patent-for-user-authentication-system/
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BTC Trading Update by @cryptopassion
Things are going quick on the BTC... As foreseen some hours ago in my publication BTC - Direction to the resistance line, we have tested the resistance line :
It was again some easy profits if you listened my predictions ;-)
Now we have the 2 scenarios that I explained you earlier :
· We are going to drop and test the support line in blue.
· We will test again the support line in orange, break it and make a "Head Fake" followed by a massive drop just after.
China will perhaps remove its ban regarding the BTC but we are already very high and we need a more important correction before an important UP so I don't think it is already the time for a new huge UP but no one can be sure at 100%...
​🗞 Daily Crypto News, October 28th 💰
​🗞 Daily Crypto News, October 27th 💰
đź—ž Daily Crypto News, October 26th đź’°
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