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Coinbase Acquires Blockchain-Tracking Startup Neutrino for Undisclosed Price

Coinbase has acquired blockchain analytics startup Neutrino as part of a wider push to offer more diverse crypto assets across borders. “This is particularly important as we work with regulators and agencies in different countries to bring new assets there,” Coinbase’s director of engineering and product, Varun Srinivasan, told CoinDesk. He added that Neutrino would …

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Bitcoin Price Crosses Key Long-Term Hurdle For First Time in 9 Months

View: Bitcoin has passed through the 100-day moving average for the first time in 272 days. The primary lower-high trend is yet to be challenged, but the move indicates a willingness by the bulls to test the upper range of the ascending triangle. Total growing volume on the 4-hour chart is at its highest point …

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Germany Seeking Industry Feedback for National Blockchain Strategy

The German government is seeking industry feedback ahead of developing the country’s blockchain strategy by the summer. A Reuters report on Monday, citing anonymous government sources, said that companies and industry groups “that could become stakeholders in a blockchain deployment process” have been invited to provide recommendations on the strategy. Whether proposed recommendations would result …

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Mining Giant Bitmain Posts $500 Million Loss in IPO Financial Filing

Mining hardware giant Bitmain lost about $500 million in the third quarter of 2018 amid an overall bearish market for cryptocurrency, CoinDesk has learned. The Beijing-based company recently provided an update on its financial results to the Hong Kong Stock Exchange (HKEx), which is reviewing Bitmain’s application for an initial public offering (IPO) first filed in …

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Privacy Crypto Beam Gets Funding from ‘Japanese LinkedIn’ Recruit

Privacy-oriented cryptocurrency startup Beam has secured an undisclosed amount of funding from “Japan’s equivalent to LinkedIn” Recruit Co., Ltd. Recruit announced the news Monday, stating that the investment is through its $25 million-sized RSP Blockchain Tech Fund, which was set up last November. Beam also confirmed the investment in a Tweet Monday, stating that Recruit …

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Blockstream Releases Test Code for Bitcoin Tech Upgrade Schnorr

Schnorr signatures, a code change likely to be one of the biggest coming upgrades to bitcoin, have now gone from a theoretical idea to real code courtesy of technology startup Blockstream. Announced Monday, Blockstream has added a technology known as “MuSig” to its test cryptographic library, making it possible for developers to tinker with the …

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Bullish Sentiment for Bitcoin As Long Bets Near 11-Month Highs

Bullish bets on bitcoin, the world’s largest cryptocurrency by value, reached 11-month highs on Monday, according to the data from the cryptocurrency exchange Bitfinex. The number of long positions on bitcoin’s US dollar-denominated exchange rate (BTC/USD) jumped to 38,237 BTC at 04:10 BTC – the highest level since March 30, 2018 – and were last …

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You Can Now Send Bitcoin Tips Over Lightning on Twitter

When “liking” your favorite tweet isn’t enough, you can now send small bitcoin transactions. Announced Saturday, the beta app Tippin has released a new Chrome Extension available to Google browser users. Over Twitter, app users can send bitcoin payments via the Lightning Network, considered a way to make bitcoin transactions feasible at a large scale for …

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Will the Crypto Community Torch Jamie Dimon?

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ___________ Will the crypto community torch Jamie Dimon? Now, before I get “deep-stated” off social media, …

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Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip

Bitmain Technologies has announced a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency. The new ASIC (application-specific integrated circuit), called the BM1397, is said to provide improvements in performance, chip size and energy efficiency for mining proof-of-work cryptocurrencies based on the SHA256 algorithm, such as bitcoin (BTC) and bitcoin …