Share of SegWit-Spending Bitcoin Transactions Now Over 50%

The percentage of Segregated Witness-spending Bitcoin transactions has reached an all-time high of 50.5%. The percentage of Segregated Witness (SegWit)-spending Bitcoin (BTC) transactions has reached 50.5%, or an all-time high, according to transactionfee.info statistics. SegWit solution to Bitcoin transactions  SegWit is a proposed update to the Bitcoin Core, which is designed to reduce processing and wait times. Originally, the update was aimed at solving transaction malleability, a well-known weak spot in Bitcoin software. However, SegWit offers a range of other advantages and now the focus of attention has shifted from…

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Galatasaray Is the Latest Big-Name Football Club to Announce a Fan Token

Turkish Football Club Galatasaray Spor Kulübü is the latest big-name club to announce a Fan Token Offering. Turkish Football Club Galatasaray Spor Kulübü plans to launch Ethereum-based fan tokens in partnership with blockchain sports fan startup Socios based on sports tokenization platform Chiliz. Socios announces in a press release published on Sept. 16 that as a result of the partnership, The Lions (Aslanlar) — the only Turkish club to have won a major UEFA competition — will release its fan tokens on its platform. A blockchain sports platform Furthermore, the…

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Liechtenstein Approves DLT Public Offering with Porsche-Backed Firm

Neufund received clearance from the Liechtenstein regulator to host public offerings with a min investment of 10 euro. German crypto investment startup Neufund launches its blockchain-enabled public offering platform featuring a Porsche-backed firm as the first issuer. 10 euro minimum investment  Within the first offering on Sept. 16, Neufund’s platform will be used by mobility firm Greyp, company backed by sports car giant Porsche, Camel Group and T-mobile, according to a press release shared with Cointelegraph today. Neufund’s platform has acquired clearance from the Financial Monetary Authority in Liechtenstein to…

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Bitcoin Ban Means Massive Brain Drain for India, Crypto Industry Warns

India is seeing the first signs of an anticipated brain drain as the government considers stark legislation that would criminalize domestic cryptocurrency investments. India is seeing the first signs of an anticipated brain drain, as the government mulls stark legislation that would criminalize domestic cryptocurrency investments. A Sept. 16 Economic Times report has taken the measure of industry sentiment on the ground, as a proposed blanket ban — currently still in the form of draft legislation — awaits its formal review process by lawmakers.  “The first large democracy” to ban crypto…

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Libra Does Not Threaten Sovereignty of Nations, Says Calibra CEO

CEO of Calibra, Facebook’s digital wallet for its Libra, says the notion that Libra threatens the global financial system must be debunked. CEO of Calibra, Facebook’s digital wallet for its proposed Libra stablecoin, has attempted to debunk the notion of Libra’s threat to the global financial system. Not new money but a better payment network Amid the ongoing meeting between Libra founders and 26 global central banks in Basel, Calibra CEO David Marcus has stepped up to protect the position of the Libra Association on Twitter on Sept. 16. In…

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Gartner: Blockchain Will Transform Most Industries in 10 Years

Blockchain will be transformative for most industries within 10 years, according to information technology service management giant Gartner. Information technology service management giant Gartner foresees blockchain becoming transformative for most industries within 10 years. Gartner made its remarks in the press release accompanying its 2019 Hype Cycle for Blockchain research, published on Sept. 12. “Some level” of blockchain adoption in the next 3 years: CIOs The Hype Cycle report tries to provide “an overview of how blockchain capabilities are evolving from a business perspective and maturity across different industries.”  Research…

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Bitcoin Price Drops $200 in Minutes as $10.2K Support Shows Cracks

Concern over Saudi Arabia drone strikes have sent oil volatility higher than Bitcoin’s, but analysts believe that will change. Bitcoin (BTC) price suddenly dropped by roughly $200 in minutes on Sept. 16 as commentators nevertheless revealed broad belief that upwards growth is imminent.  Market visualization. Source: Coin360 Bitcoin price should eye $10,700 to spark uptrend Data from Coin360 revealed a rare period of almost level trading for Bitcoin overnight, having spent the weekend trading in a narrow corridor between $10,175 and $10,435.  Press time levels of $10,160 nonetheless showed a…

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Could Crypto Be Compliant With Sharia Law? Experts Answer

Experts in Islamic finance take on the question: Is Bitcoin Halal or Haram according to Sharia law? The rise in popularity of Bitcoin (BTC) and other cryptocurrencies has led to the discussion among Islamic scholars about digital currency’s compliance with Islamic canonical law.  Islamic law — known as Sharia — is based on the teachings of the Quran and includes regulations concerning financial activities, asserting them to be either “haram” (illegal) or “halal” (legal). The haram vs. halal crypto debate has been ongoing since Bitcoin’s initial surge in popularity. Google…

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$250K Bitcoin Price Prediction Is Now ‘Conservative,’ Says Tim Draper

Venture capital billionaire Tim Draper says that Bitcoin’s lack of simplicity is the main impediment to mass adoption. Major Bitcoin (BTC) bull Tim Draper now thinks that his own prediction that BTC price will hit $250,000 by 2022 may be understating the power of Bitcoin. BTC price to grow with adoption In an interview with crypto news network Blocktv on Sept. 13, the famous American venture capital investor has once again expressed his bullish stance to Bitcoin, forecasting the soon-to-come mass global adoption that will push the price of Bitcoin…

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Joe Lubin: Only Conceptions of Bitcoin and Ethereum Were ‘Immaculate’

Ethereum co-founder and ConsenSys CEO Joe Lubin has characterized both Bitcoin and Ethereum’s conceptions as being “immaculate.” Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has characterized both Bitcoin (BTC) and Ethereum’s conceptions as being “immaculate.”  Lubin made his remark during a panel with Vitalik Buterin and Yoni Assia at the Ethereal Summit Tel Aviv on Sept. 15, according to live reporting from eToro analyst Mati Greenspan on Twitter. Twin titans To a seasoned ear, Lubin’s comment pointedly reproduces a phrase previously used by staunch Bitcoin maximalists in reference to…

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