CryptoCurrency News: Trust No One: Ethereum Smart Contract Security Is Advancing

Security is a concern for ethereum as it continues to grow, and many think the best way to stay ahead is to always be on guard.

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China's Bitcoin Exchanges Shift to P2P Model After Crackdown

Earlier, we reported that Chinese Cryptocurrency exchanges are looking into migrating their operations to other countries. But while that is something that needs partnerships and legal business papers, the exchanges are going another route to continue operations.

Some of China's top bitcoin exchanges are now shifting to the over-the-counter (OTC) market in the wake of a crackdown by regulators in the country.

In announcements made on Oct. 31, both OKEx and Huobi Pro said they will introduce peer-to-peer trading platforms that support fiat currency transactions, including the Chinese yuan, as an alternative for the country's domestic cryptocurrency investors.

Based in Hong Kong, the two exchanges had previously provided solely crypto-to-crypto trading since being founded by their respective parent exchanges, Beijing-headquartered OKCoin and Huobi. They will now pivot toward a combination of the existing structure and the direct, peer-to-peer model.

According to OKEx, the yuan is currently the only fiat currency that is available on its P2P platform, noting that it has seen increasing demand from Chinese investors since the exchange crackdown.

Lennix Lai, financial market director at OKEx, said the platform has received around 8,000 user applications for account registration since the new service's launch on November 1.

Lin Li, CEO of Huobi, said in his latest announcement that, besides the P2P platform on Huobi Pro, the company is also eyeing an expansion to overseas markets. The firm is currently in the process of setting up an exchange platform in South Korea in order to compete with local marketplaces like Bithumb.

The news follows months of growing scrutiny by Chinese regulators that led to all major bitcoin exchanges in the country, including OKCoin, Huobi, BTC China, and ViaBTC, to suspend order book trading of digital assets against the yuan.

Source: CoinDesk

CryptoCurrency News: Blockchain Startup With Disney Roots Completes $13.7 Million ICO

Blockchain startup Dragonchain has raised approximately $13.7 million in an initial coin offering (ICO).

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[FOREX NEWS] WTI Crude Oil breaks to highest since 2015 – levels

Prices of oil have been creeping higher for quite some time, and now they have finally made the break higher, topping the strong resistance line of $55.20. The high so far has bee $55.61. That $55.20 level capped the pair twice: in December 2016 and in February 2017. The levels we are currently seeing have [...]

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CryptoCurrency News: Tezos Founders Sued for Securities Fraud in Potential Class Action

A lawsuit seeking class action status has been filed in California against the founders and promoters of the controversial Tezos blockchain project.

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CryptoCurrency News: UK Ministry of Justice: Blockchain Could Help Verify Crime Evidence

An official for the U.K. Ministry of Justice believes blockchain could help the government secure and verify digital evidence.

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[FOREX NEWS] US dollar bounces back on strong ISM services – updates

The US dollar initially fell on the disappointing Non-Farm Payrolls. The miss on the headline and more importantly the poor wages data sent the dollar lower. Yet the greenback gradually recovered and pared the losses. It then got another boost from genuinely positive data. Factory data came out at +1.4%, better than 1.3% expected and [...]

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CryptoCurrency News: Bitcoin Price: First Signs of a Tired Bull?

The bitcoin bull market may be reaching a point of exhaustion, according to price action analysis.

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CryptoCurrency News: Hello Moon: Ethereum Developers Launch Lightweight Dapp Browser

A new version of Mist, a browser designed for ethereum apps, made its debut at the Devcon3 event today.

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CryptoCurrency News: Ripple Price Outlook Positive on Korean Volume, Analyst Prediction

Ripple's XRP cryptocurrency has gained 10 percent in the last 24 hours? What's going on?

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CryptoCurrency News: Britain's Royal Mint Reveals Details on 'Live' Blockchain for Tracking Gold

At the London Blockchain Summit this week, the U.K.'s Royal Mint revealed details of its gold tracking blockchain, RMG, and hinted at plans to come.

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[FOREX NEWS] Canada gains 35.3K, better than expected – USD/CAD falls

Canada was expected to report a gain of 15K jobs in October after 10K in September. The unemployment rate was predicted to remain unchanged at 6.2%. USD/CAD was around 1.2830 ahead of the release. Note that the US also publishes its own jobs report at the same time: the Non-Farm Payrolls. Follow the live coverage [...]

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[FOREX NEWS] Non-Farm Payrolls live coverage

The US was expected to report a big rebound in jobs: 310K, compensating for the loss of jobs in September, a hurricane-related distortion in the data. Wages were predicted to advance by 0.2% m/m. The unemployment rate was forecast to remain unchanged at 4.2%. The US dollar was looking good ahead of the publication NFP [...]

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CryptoCurrency News: How Blockchains Will Turn Supply Chains Into Demand Chains

The value blockchains offer to supply-chain management will come once other technologies, such as 3D printing, disrupt global manufacturing networks.

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CryptoCurrency News: Argentinian Futures Exchange Eyes Bitcoin Offering

Argentina's largest futures market, Mercado de Termino de Rosario or Rofex, is considering offering cryptocurrency products to investors.

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CryptoCurrency News: Bitcoin Price Sets New Record As Cryptocurrency Market Tops $200 Billion

Amid a surging cryptocurrency market, bitcoin price gains have continued today, reaching a new all-time high of over $7,450.

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CryptoCurrency News: Colombian Financial Watchdog Joins R3 Blockchain Consortium

Latin American financial regulator, the Superintendencia Financiera de Colombia, has become the latest member of the R3 blockchain consortium.

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[FOREX NEWS] AUD/USD unable to rise on weak retail sales

The Australian dollar reacts to economic data very nicely. Yesterday, the A$ enjoyed the good trade balance data and building approvals to rise above 0.77. We cast our doubts about the rise given the upcoming RBA decision. The Aussie did not wait for its central bank. Retail sales came out flat, worse than 0.4% expected [...]

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CryptoCurrency News: Goldman Sachs CEO Lloyd Blankfein: I'm Open to Bitcoin

Goldman Sachs CEO Lloyd Blankfein has said that he has not comfortable with bitcoin, but he is open to the cryptocurrency.

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[FOREX NEWS] UK Services PMI beats with 55.6 – GBP/USD recovers

The purchasing managers’ index for the services sector was expected to tick down to 53.3 points in October from 53.6 in September. This is the third, last, and most important PMI: services is the largest sector. GBP/USD was extending its falls, trading around 1.3045. Support awaits at 1.3030 and resistance at 1.3085. Sterling fell to [...]

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CryptoCurrency News: Isle of Man Grants License to Ethereum-Based Lottery

Qanta, the company behind the lottery, claims it’s fully transparent and fair, with provably random results. Smart contracts manage the whole process.

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