Wednesday, April 17, 2019

Brazil Sets Record / Wall Street Firm Moves to Blockchain / Sweden's National Currency

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$BTC (4:21 p.m. EST): $5,256.83 (0.88%) // 90-day high: $5,156.44 // 90-day low: $3,286.14 / / More

$BCH ABC (4:21 p.m. EST): $310.19 (-2.55%) // 90-day high: $332.82// 90-day low: $80.95 // More

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1. Crypto exchanges in Brazil traded more than 100,000 bitcoin in 24 hours, setting a new record for the country, according to Cointrader Monitor. The record, set last Wednesday, comes on the heels of Mexico breaking its own record for bitcoin volume in a 24-hour period. Brazil, the largest economy in South America, has struggled lately with economic activity hitting its lowest levels in nine months. This dip in economic activity seems to coincide with the rise of bitcoin volume in the country. –BITCOINIST

Brazil trades a record 100,000 BTC
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2. Depository Trust And Clearing Corp. (DTCC), which handles nearly 90 million daily digital transactions for banks across the world, will move about 50,000 accounts to the blockchain. Those accounts hold roughly $10 trillion worth of credit derivatives and will live on a customized digital blockchain called AxCore. Currently, DTCC and its partners must reconcile transactions multiple times before they settle. Moving these transactions onto the blockchain allows for transparent and real-time settlement of these securities eliminating extra databases and translations between them. –FORBES

DTCC adds blockchain
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3. Hackers overtook the Twitter account of Sweden's ruling political party, the Social Democrats Party, to declare bitcoin as the country's national currency. Along with posting several cryptocurrency-related stories, the hackers changed the account's names from "Socialdemokraterna" to the "Bitcoin Democrats" and added a BTC symbol to the party's logo. The group also reported the legalization of cannabis in Sweden and the resignation of the current Prime Minister before the political party regained control of the account. –BE IN CRYPTO

Hackers break into political party's account
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4. A group has hidden the keys to $1 million in bitcoin somewhere on the internet. Called "Satoshi's Treasure," the game launched earlier this week with the first clue released to players on Tuesday. Players will have to find 400 key fragments in order to move the total funds. "There are some clues that are very scavenger hunt-y, and clues where it's purely logic puzzles or math problems," Primitive Ventures co-founder Eric Meltzer, the game's co-creator. "Forget about the rules, just go goddamn play." –FUTURISM

Crypto game promises $1 million
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5. The Gemini exchange has upgraded its cryptocurrency wallets with SegWit support. –AMB CRYPTO

6. Following a community poll vote on Twitter, Kraken, one of the largest crypto exchanges by volume, has removed Bitcoin SV. –COIN TELEGRAPH

7. Bitcoin is on track to end April on a positive note for the fourth consecutive years. –COINDESK

8. John McAfee said it is "mathematically impossible" for bitcoin to not reach $1 million by the end of 2020. "Bitcoin is not an effing stock!!! You can't apply stock paradigms or formulas and expect answers!" he wrote. –CCN

9. Collab Fund, a prominent NYC based venture capital firm, has launched a dedicated fund to invest in cryptocurrency and blockchain projects. –COLLABORATIVE FUND 

10. Global consulting firm Accenture and Italy-based Generali Group launched an employee benefits solution on the blockchain to share data transparently for those involved in the reinsurance process. –COIN TELEGRAPH

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Written and curated by Darren Webb and David Stegon. Darren has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny. David is a senior editor at Inside.

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