Rep. Davidson Sees Place for Blockchain in US Manufacturing Despite Congress’ Concerns

United States pro-crypto Congressman Warren Davidson (R-OH) has once again called for clear regulations of blockchain industry to maintain U.S. economic dominance. On Nov. 4, Davidson published a letter in the Wall Street Journal in response to an Oct. 24 report on automation in manufacturing. The congressman urged the U.S. government to encourage innovators to stay in the country. The letter read: “If we allow fear to stifle their efforts, we risk surrendering global superiority and sacrificing improvements in quality of living.”  Rust-belt woes in the face of changing manufacturing…

Bitcoin’s Price Hovers Above $9,300, While Stellar Shows 20% Gains

Tuesday Nov. 5 — Crypto prices continue to show upward momentum across markets, while Bitcoin (BTC) hovers around the $9,300 price mark and Stellar (XLM) takes a shot at the moon with gains of more than 20%. Cryptocurrency market daily overview. Source: Coin360 Bitcoin was trading close to the $9,400 price mark for a large part of the day but is showing signs of downward price behavior in recent hours. The world’s largest cryptocurrency traded at an intraday high of around $9,465, before losing ground towards its current trading price…

Users Can Now Buy Bitcoin on DropBit Using Apple Pay or Google Pay

On November 5, 2019, Bitcoin-focused product hub Coin Ninja announced that, through a collaboration with cryptocurrency payments company Wyre, users can now buy bitcoin directly on the DropBit app with Apple Pay and Google Pay. Coin Ninja calls DropBit its “Venmo for bitcoin,” a bitcoin wallet and payment service particularly designed to help Bitcoiners send BTC to those who don’t own any. And it positioned this announcement as progress in its efforts to make DropBit the fastest and easiest on-ramp for bitcoin. Coin Ninja claimed that bitcoin purchases can take…

Oxfam’s Blockchain-Based Agricultural Insurance Pays Farmers in Sri Lanka

The United Kingdom-based charity organization Oxfam International announced the success of its blockchain-based delivery system of microinsurance to paddy field farmers in Sri Lanka. In a Nov. 4 press release, Etherisc announced that Oxfam’s blockchain-based insurance system had made pay-outs to Sri Lankan farmers who continue to risk losing their crops due to extreme weather events. Blockchain reduces costs and increases pay-outs Oxfam in Sri Lanka, together with its partners Etherisc and Aon plc, will now continue to seek solutions to some of the challenges that will present themselves as…

Coinbase Legal Chief Wants Private Sector to Create US Digital Dollar

Coinbase’s legal chief, Brian Brooks, feels that the United States government should take a step back and allow the private sector to create the U.S. digital dollar. Private sector should build the technology In a Fortune piece on Nov. 4, Brooks asked whether the U.S. government should create the digital dollar, or whether the private sector can do so more effectively. The answer to that question, according to Brooks, is also the best path forward, saying: “The best path forward is one that harnesses our country’s remarkable capacity for innovation…

Crypto Trader: Bitcoin Closes In On Life-Changing Golden Cross

The cryptocurrency market is currently undecided on if Bitcoin is about to embark on its next bull run, or if it’ll fall back further into a bearish trend in the short-term. The neutral market could finally have its decision, if a “life-changing” golden cross occurs in Bitcoin price charts, according to one crypto trader and analyst. Golden Cross Forming on Weekly Bitcoin Charts During the second quarter of 2019, the market was convinced that Bitcoin had begun its next bull run, and would soon reach price projections of $100,000 per…

Will Stellar’s 55 Billion XLM Burn Trigger a New Bull Cycle?

On Nov.4 Stellar Lumens announced the completion of a 50% token burn of their total supply. This led to the destruction of 55 billion (XLM) tokens and the Stellar Development Foundation explained that the token burn was designed to provoke efficiency within the Stellar ecosystem. Crypto market data daily view. Source: Coin360 The price of XLM surged 25% after the announcement this triggered the market to become bullish on the altcoin. Given that a growing number of altcoins are beginning to produce noticeable returns, an analysis of the technical aspects…

Coinbase Legal Chief Says Private Sector Should Build US Digital Dollar

Coinbase’s legal chief is calling for private sector leadership in developing America’s digital currency. Brian Brooks, in a Fortune essay published Monday, argued private corporations are best positioned to build a much-debated digital U.S. dollar, and that the government should stand back and let them, doing little, if anything, to regulate their underlying blockchains. “The best path forward is one that harnesses our country’s remarkable capacity for innovation and also reflects government’s historical practice of setting broad guide rails for private innovation within the financial system,” Brooks said. “… But…

Tradewind, Canadian Mint to Verify Origins of Precious Metals on Blockchain

Tradewind Markets, a blockchain-powered gold trading platform backed by stock trading firm IEX, has developed and launched a system for stablecoin issuers on its platform to track the provenance of their precious metals. Tradewind is taking its shot at stopping counterfeit gold seals and helping precious metals investors find metals that are produced responsibly. Designed with the Royal Canadian Mint, Tradewind Origins tracks the geography and name of the mine as well as under what standards the metal was produced. “If you are a miner who produces responsible metal, once…

Decentralized Storage Startup Storj to End Token Conversion Program

Holders of decentralized storage startup Storj Labs’ early SJCX token need to act soon to avoid losing their investments. The firm announced Tuesday that its long-running token conversion program – in which it swaps users’ SJCX tokens, built on the Counterparty blockchain, to the newer ethereum-based STORJ token – will end on Jan. 1, 2020. The firm said the number of conversions have been “sufficiently” low over the past six months to justifying the decision. The conversion period was originally set to end in mid-2018, but this period was extended for…