#thecryptoreport

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After mainnet launch, The Graph team unveils Edge & Node aimed at building up protocol

After mainnet launch, The Graph team unveils Edge & Node aimed at building up protocol

Edge & Node, a new software development company founded by the core protocol team behind The Graph, today announced a 2-year service agreement with The Graph Foundation to help maintain the core protocol and build new trust-minimized tools and applications alongside The Graph community. The new company, unveiled today, was founded by Partners: Yaniv Tal, Brandon Ramirez, Jannis Pohlmann, Tegan…

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BIS Chief Blasts Bitcoin’s Viability, Prompting Blowback From Advocates

BIS Chief Blasts Bitcoin’s Viability, Prompting Blowback From Advocates

The chief banker at the bank for central banks, Agustín Carstens, cast doubts on bitcoin’s long-term viability Wednesday, saying it was only a matter of time before a 51% attack brings down the world’s original cryptocurrency. Carstens’ comments, which he delivered to the Hoover Institute, underscored his belief that bitcoin fails as a currency, a medium of exchange and a value storage…

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Apple is Censoring DeFi & ‘Stifling Innovation’ in Crypto Industry: Coinbase CEO Apple having a row with developers and app providers is nothing new, but the tech giant seems to be especially targeting the cryptocurrency industry.

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Tim Draper Firm Launches ‘Crypto Exchange’ Anyone Can Plug Into WordPress

Tim Draper’s venture studio has released a WordPress plugin that it claims will democratize crypto trading.

California-based Draper Goren Holm said its new “Cryptocurrency Exchange” plugin, released Wednesday, would allow anyone to add trading features to websites “in minutes” or even create their own branded cryptocurrency exchange.

In a press release, the venture studio said that the plugin…

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Why the U.S.’ $2 Trillion Stimulus, Unlimited QE Will Expose the Monetary System’s Flaws

As the crypto community digests a new wave of government intervention and stimulus, Michael Casey and Noelle Acheson join for a discussion.

CoinDesk Chief Content Officer Michael Casey and Head of Research Noelle Acheson join for a lively debate about the new $2 trillion stimulus package and era of “unlimited” QE, including:

Whether (and on what time scale) fiscal and monetary stimulus might…

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Peter Schiff Explains Why The Coronavirus Recession Will Be Worse Than The 2008 Financial Crisis

Euro Pacific Capital CEO and chief global strategist Peter Schiff warned the coronavirus recession would be worse than the 2008 financial crisis. Furthermore, in a terrifying tweet Wednesday, the US dollar bear and gold bull diagnosed the underlying problem in both crises.

He argued the coronavirus pandemic and the crashing housing market were the pins that popped debt bubbles. But this time,…

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LocalBitcoins Weekly BTC Trading Volume Drops to a 7-Year Low, Competition Picking Up

LocalBitcoins Weekly BTC Trading Volume Drops to a 7-Year Low, Competition Picking Up

Bitcoin volumes from LocalBitcoins has hit a 7-year low; the peer-to-peer OTC exchange has been a dominant player in the field since 2013. Latest stats, however, shows that weekly traded BTC are now at 3,144 ($28 million) compared to a high of 13,000 Bitcoins last year.

Data from Coin Dance further revealed that the platform’s activity has been on a steady decline since the crypto market…

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Multi-platinum artist Akon to launch upcoming “Akoin” cryptocurrency on Stellar network

Multi-platinum artist Akon to launch upcoming “Akoin” cryptocurrency on Stellar network

Grammy-award winning artist and producer Akon is launching a crypto aimed at helping entrepreneurs and businesses within developing companies thrive, and has chosen to launch the utility token on the Stellar blockchain network.

The official launch of this cryptocurrency – called Akoin – marks the next step in the multi-platinum selling artist’s goal of helping to unlock the full potential of the…

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Anthony ‘Pomp’ Pompliano Suspended From Twitter As of press time on Feb. 13, the Twitter account of the co-founder of Morgan Creek Digital and noted crypto personality Anthony Pompliano has been suspended.

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Ethereum Trend Overwhelmingly Bullish: Here’s Why The Bulls Aim $250 Ethereum gains a strong bullish momentum above the $200 resistance against the US Dollar, similar to bitcoin.

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Financial Advisors Should Allocate Client Funds to Bitcoin, Executive Says

Financial Advisors Should Allocate Client Funds to Bitcoin, Executive Says

The majority of financial advisors are “hesitant to invest client money in Bitcoin,” but they shouldn’t be, according to Ric Edelman, founder of Edelman Financial Engines.

Advisors Should Invest Up to 2% of Client Funds in Bitcoin

Financial advisors are especially popular in the West, where many novice and professional investors are looking for help to develop the best possible plans to generate…

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Travel Platform Travala Expands Payment Options With XEM

Travel Platform Travala Expands Payment Options With XEM

Travala, a service that lets its users pay for hotel stays with digital currency, has expanded its crypto payment options by adding support of NEM (XEM) tokens.

The NEM Foundation and Travala.com announced the integration of XEM with the travel company’s platform, according to a blog postpublished by Travala on Jan. 22. As such, XEM joined over 20 other digital currencies supported by Travala’s…

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Bitcoin Is In Steep Downtrend, But This Variable Can Trigger A New Rally Bitcoin price followed a bearish path after it failed to surpass the $8,500 resistance against the US Dollar.

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Crypto exchange CEX.IO implementing automatic staking

Crypto exchange CEX.IO implementing automatic staking

CEX.IO, established in 2013 as one of the first cloud mining providers and now a global crypto exchange, announced it will be implementing an automatic staking feature for its users.

Even though there is no hard-set date for release yet, the exchange said that their engineers are in the final stages of polishing the staking function.

Staking is strongly related to the Proof of Stake (PoS)…

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Bitcoin SV, Bitcoin Cash Halvings Spell Doom For The Miners

Bitcoin SV, Bitcoin Cash Halvings Spell Doom For The Miners

Mining is supposed to be a lucrative activity, earning cryptocurrency by running specialist machines continuously. But for Bitcoin SV (BSV) and Bitcoin Cash (BCH), this simple process is proving to be far from profitable.

Miners Absorb Low Fees, Non-Lucrative Block Rewards

Miners for the two blockchains, which split off from Bitcoin (BTC) in a rather contentious manner, are working…

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461 Crypto Wallets Hold Over 40% of ETH, ADA, LTC, and USDT

461 Crypto Wallets Hold Over 40% of ETH, ADA, LTC, and USDT

When it comes to “whales”, the biggest boast is owning vast stashes of Bitcoin (BTC). But statistics show that other crypto coins may be more weighed down by wallets with a big concentration of wealth.

Whales May Affect Altcoins More than BTC

Counting crypto addresses that hold more than 1% of the coin’s supply, BTC is actually among the most democratic cryptocurrencies.

Talking about whales…