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Podcast: What Harnessing the Bitcoin Blockchain’s Power Could Mean for China

In this episode of the Bitcoin Magazine Podcast, Dave Hollerith talks with Alex Gladstein of the Human Rights Foundation about China’s President Xi Jinping publicly expressing admiration for blockchain technology. This news drove the bitcoin price at the beginning of November 2019, but Gladstein is wary about what China’s public praise could mean for cryptocurrency in general. Gladstein recognizes that blockchain technology by itself is really just a mechanism for control and surveillance of financial data. He believes, from a human rights perspective, that the real value of blockchains comes…

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Sonic the Hedgehog’s Fantastic Redesign Fails to Solve Movie’s Critical Flaws

Sonic the Hedgehog looks so much better after the redesign. But while the movie might not suck, that doesn’t mean it should win any awards. Jim Carrey is still a weird choice for Dr. Robotnik. And why in the world is this movie live-action? Sonic the Hedgehog’s fate looks immensely brighter following the release of a new trailer for the embattled film. This trailer for Sonic the Hedgehog shows off the major redesign to the character following fan backlash to the original. It looks like everything fans had an issue…

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HTC Launches Limited Run of Smartphone With Crypto Exchange Binance

Taiwan-based smartphone maker HTC will launch a limited edition of the Exodus 1 featuring services by major global crypto exchange Binance. The Binance Edition Exodus 1 supports the Binance public blockchain, Binance Chain, as well as its decentralized counterpart Binance DEX, the firms announced Nov. 12. Exodus 1’s native crypto wallet is integrated with Binance DEX HTC and Binance announced the news at a Binance Super Meetup in Singapore attended by Binance CEO Changpeng Zhao and CFO Wei Zhou, according to a press release shared with Cointelegraph. The Binance Edition…

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Wyoming Unveils First-Ever Crypto Custody Rules for ‘Blockchain Banks’

The United States’ state of Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops and staking.  The rules were announced during the Fordham Law Blockchain Regulatory Symposium in New York on Nov. 11, according to a thread of tweets published by Wyoming Blockchain Task Force president Caitlin Long. “First-ever” regulatory provisions for crypto custodians in many areas  Wyoming’s “blockchain banks” — legally known as “special purpose depository institutions” (SPDIs) — were approved by the Wyoming state legislature in February…

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china Cryptocurrency News Foxconn Huawei 

China Guarantees Citizens On-Demand Anonymity With State Digital Currency

The digital currency will allow anonymity to users… but only to an extent. Analysts are predicting the government-backed crypto will be out early next year. Blockchain efforts by the People’s Bank of China have ramped up in recent weeks. China has brushed aside concerns that its planned government-backed crypto will be used to keep tabs on the activities of its citizens. Allegedly, users of the centralized digital currency will be guaranteed ‘controllable anonymity’ as long as they are not engaging in illegal activities. This is according to the head of…

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CoinMarketCap Now Provides Crypto Investors With Data on Liquidity

Leading crypto data site CoinMarketCap has announced the launch of its new metric to compare exchanges and token pairs based on liquidity. New gadget on the dashboard The announcement comes from The Capital, CoinMarketCap’s inaugural conference in Singapore on Nov. 12, and the tool is now live on the company’s site. The new metric will reportedly incorporate data from 3000 crypto assets. Intending to filter out market manipulation, CoinMarketCap will reportedly base the new liquidity metric on adaptive data. Carylyne Chan, chief strategy officer at CoinMarketCap, elaborated on the firm’s…

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