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Bitcoin Rewards App Lolli Responds to Alibaba’s Denial of Partnership

Bitcoin (BTC) rewards shopping app Lolli has responded to Alibaba’s denial of a partnership between the two companies following Singles’ Day marketing blitz. CEO of Lolli Alex Adelman refuted Alibaba’s denial of partnership with Lolli. In an email to Cointelegraph on Nov 17, Adelman maintained that Lolli did have a partnership with the Alibaba Group, saying: “We’ve been partnered with Alibaba Group since May through AliExpress. We have driven AliExpress significant revenue and distributed bitcoin rewards to our users.” A partnership rejected It was previously reported that Lolli introduced an…

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Crypto Markets Showing Signs of Recovery, While BTC Stalls Above $8500

Sunday, Nov. 17 — Crypto markets are showing mild signs of recovery, while Bitcoin (BTC) stumbles above the $8,500 price mark. Cryptocurrency market daily overview. Source: Coin360 For the better part of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,500 and $8,600, while slowly finding its way towards the $8,700 price mark in recent hours. Bitcoin is currently trading at a price of $8,515, showing limited gains of .32% on the day. Bitcoin daily price chart. Source: Coin360 Slow bleed to $8,200 possible?…

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BlockShow Asia, Bitcoin Crash Warning, India Delays Crypto Ban: Hodler’s Digest, Nov. 11–17

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week BlockShow Asia 2019: Binance’s CZ speaks publicly about China’s digital currency BlockShow Asia 2019 was held in Singapore this week, leaving us with plenty of stories to chew over. Binance’s Changpeng Zhao was among the speakers, and he predicted that the central bank digital currency…

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ProtonMail Reveals It’s Been ‘HODLing’ Its Bitcoin Payments for Years

Swiss-based email service, ProtonMail, has revealed on Nov. 16 that it hasn’t cashed in any of the Bitcoin (BTC) it has accepted as payment for its premium service in years.  The tweet was in response to a customer who complained that he felt guilty for spending Bitcoin ion a ProtonMail invoice instead of holding or “hodling” it for the long-term. ‘No worries, we will HODL for you’ The exchange came about following a tweet from the CCO of digital gift card retailer BitRefill, urging Bitcoiners, “Please do not ‘put your…

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‘Extremely Dangerous’ — Bobby Lee Regrets Backing Bitcoin SegWit2x

Bitcoin’s (BTC) failed hard fork attempt from 2017, SegWit2x, was “extremely dangerous and irresponsible,” says a CEO who was formerly one of its biggest supporters. In a series of tweets on Nov. 16, Bobby Lee admitted he was wrong to tout the long-dead Bitcoin scaling solution. Lee: “Bitcoin is the real Bitcoin”  Co-founder of cryptocurrency exchange BTCC and CEO of wallet manufacturer Ballet, Lee was one of the original signatories of SegWit2x, which aimed to increase Bitcoin’s network capacity by doubling its block size to 2 megabytes. “2 years ago,…

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Bitcoin Revolution Meets Protestant Reformation, Crypto Drives Change?

A bit of historical research was making the rounds on social media recently, a monograph that compares the 21st century emergence of Bitcoin, encryption, the internet and millennials with the Protestant Reformation that shook Europe in the 16th and 17th centuries.  The two events have similar dynamics, argues Tuur Demeester, whose white paper, “The Bitcoin Reformation,” is packed with bold predictions about the crypto and blockchain future, such as, “Bitcoin savers could accelerate a revolution in the history of thought.” The report had 7,000 visits and was downloaded 2,800 times…

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Crypto News From the Spanish-Speaking World: Nov. 10–16 in Review

In this week’s news from the Spanish-speaking world, a Venezuelan official claims that all currencies will be replaced by cryptocurrencies, the Argentinian chief of the Banking Association criticizes fintech and crypto, and Spain offers prepaid visa card to teenagers that they can reload with crypto. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. “Currencies will be replaced by crypto,” says Venezuelan official The Deputy of the National Constituent Assembly of Venezuela, Francisco Torrealba, said in an interview on national…

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Crypto News From Japan: Nov. 11–17 in Review

In this week’s selected cryptocurrency and blockchain-related news from Japan, a new association promoting crypto assets in antiquing was born, a well-known cryptocurrency trader was arrested and the Kyoto University started participating in the XRP ledger. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. Crypto Antiquing Association Launches On Nov. 11, Cointelegraph Japan reported that the Crypto Assets Antique Association (CAAA) was established with the purpose of promoting the use of crypto assets in the antique trade. CAAA’s representative director…

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IRS Criminal Investigators Looking Into Bitcoin ATMs and Kiosks

United States Internal Revenue Service (IRS) Criminal Investigation Chief John Fort said that the regulator is looking into potential tax issues caused by Bitcoin (BTC) ATMs and kiosks. According to Bloomberg Law on Nov. 15, Fort said that the IRS is collaborating with law enforcement to investigate illicit uses of new technologies like cryptocurrencies, stating: “We’re looking at those, and the ones that may or may not be connected to bank accounts […] In other words, if you can walk in, put cash in and get bitcoin out, obviously we’re…

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Cryptocurrency Regulation: An Indian Perspective

Cryptocurrencies, with a market capitalization of over $200 billion, can no longer be dismissed as just a fad. While still making up only a tiny fraction of overall global financial markets, they have matured from the ranks of fledgling startups to being leveraged by large enterprises for use cases ranging from global payments, asset-backed tokens for metals and commodities, fiat currency-equivalent digital coins, the Internet of Things, decentralized cloud storage and more.  Earlier this year, JPMorgan Chase announced its United States dollar-equivalent JPM Coin for business-to-business payments; a consortium of…

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