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  • Coronavirus Outbreak Tests Bitcoin Safe Haven Status
  • Bitcoin

    Bitcoin (BTC) has spent much of the last week in freefall, sinking to a low of $8,520, just as the Coronavirus outbreak prompts widespread panic in the financial world due to its potentially cataclysmic impact on the global economy. This negative correlation between a global crisis and the value of the world’s largest cryptocurrency is fuelling doubts that Bitcoin may not actually be a safe haven asset, as previously thought.

    A safe haven asset is an investment that investors turn to during times of market volatility and instability, in order to “weather the storm,” and are ...

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  • Class-Action Lawsuit Threatens Rippleā€™s Established Market
  • Ripple

    Ripple will have to defend itself in a long-running class-action lawsuit over claims it violated securities laws in selling unregistered securities. In the lawsuit, XRP buyers allege that they lost a substantial amount of money on relying on fraudulent promotional statements issued by Ripple that encouraged them to sell their XRP Tokens.

    Court Ruling

    The class-action lawsuit takes Ripple into a task for selling unregistered securities in total disregard of security laws in the US. A US District Court has since ruled that the class-action lawsuit can proceed, be it with some caveats.

    The ...

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  • Polkadot Targets Onboarding Ethereum Ecosystem with Chainlink Oracles
  • Polkadot

    Polkadot is readying itself for its expected network launch after it announced its integration with Chainlink oracles on February 25. The progress made with the integrations is an indication of a systematic approach that will allow porting with Ethereum infrastructure.

    Polkadot Announces Integrations of Chainlink Oracles

    The integration of Chainlink oracles is vital in the creation of Polkadot’s decentralized finance and other smart contracts. Chainlink has finalized the preliminary integration on Kusama, which is a Polkadot canary network synonymous with a testnet.

    Following the move, Polkadot developers will now be able to get access ...

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  • The Libra Association Gets a New Member in Shopify
  • Libra

    The Libra Association has signed up Canadian e-commerce platform Shopify as its newest member as the troubled crypto project looks to get back on track.

    Libra has lost several founding members in recent months for a variety of reasons, the most prominent of which was the massive amount of scrutiny leveled at the project. The association was originally made up of 27 founding members; however, several early backers such as Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Mastercard (NYSE:MA) all jumped ship before the founding charter was signed, leaving just 21 members.

    Vodafone was the most ...

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  • Whale Transfers 31.30 Million Ripple (XRP) to Bitstamp
  • Ripple

    Over the past year or so, the fintech firm Ripple has come under fire from the XRP community for selling large amounts of the cryptocurrency token. The company holds the highest number of XRP tokens, meaning significant sales at regular intervals have affected the price of the cryptocurrency considerably.

    In a new development, it has emerged that more than 31 million XRP tokens were sent from an unknown wallet to the Bitsamp exchange. The transaction was announced by a reliable Twitter account named Whale Alert, which tracks big transactions in the crypto space.

    Key Impact ...

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