Foxconn Founder: Libra Can ‘Converge’ With China’s Digital Currency in Taiwan

Terry Gou, Taiwan’s richest man and the founder of manufacturing giant Foxconn, wants the island to roll out the red carpet for Facebook’s Libra cryptocurrency project. In a recent, little-noticed speech, the billionaire and one-time presidential candidate said Taiwan could boost its status as an international financial hub by embracing Libra, rather than approaching the project with skepticism as other governments have done. Gou also suggested the island could connect Libra, if and when it launches, with the digital currency being developed by the People’s Bank of China.

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CipherTrace’s Blockchain Forensics Service Now Covers 700 Crypto Assets

The transactions of over 700 cryptocurrencies are now searchable via the blockchain analytics offering from CipherTrace. That means more than 87 percent of the top 100 cryptocurrencies by volume can now be traced through the API service, the company said Tuesday. Backed by notable firms like Galaxy Digital, CipherTrace has most recently been involved in the push towards addressing regulatory guidance issued by the Financial Action Task Force in June.

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Ford Test Driving Blockchain for Energy-Efficient Vehicles

Ford is giving a little more road to a blockchain pilot program aimed at improving fuel efficiency. On Tuesday, the auto-giant said it will use blockchain to monitor and automatically implement fuel efficient driving modes for a fleet of vehicles in Cologne, Germany. This is part of a wider pilot program also happening in London and Valencia, Spain.

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eToro Launches Crypto Portfolio Weighted by Twitter Mentions

That notorious abyss of Crypto Twitter – where the XRP Army patrols, altcoins flourish and falter, and @Vitalik99832182 promising you infinity ETH – got a new plaything today: an eToro crypto portfolio calibrated to the tenor of its tweets. The new financial instrument is called TheTIE-LongOnly CopyPortfolio, and, as of Tuesday morning, it was live on eToro’s trading platform with a minimum $2,000 buy-in. It’s a partnership between eToro exchange and The TIE data analysis firm, who sources their tweets – about 850,000,000 daily – from Social Markets Analytics.

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China Kills Rumor of Hasty Central Bank Digital Currency Launch

The People’s Bank of China (PBOC) has no timetable on when it will launch its digital currency. This is according to the bank’s governor, Yi Gang, who revealed that the bank was taking its time to research, test, evaluate, and prevent related-risks before releasing the digital currency to the public. First reported by The Global Times, an English daily under the state-run People’s Daily, the statement effectively stamps out rumors of China hastening the launch of its digital currency ahead of Facebook’s much-publicized cryptocurrency, Libra.

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CEO of Crypto Lending Platform Urges Followers to Buy the Bitcoin Dip

Buying the dip is easier said than done. When an asset moves lower, the tendency for those who were waiting for the breakdown is to freeze and fail to press the buy button. However, Alex Mashinsky, chief executive of Celsius Network, strongly urged his followers to go out and buy the big bitcoin dip.

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Bitcoin Bounces Back to $8K From Historically Strong Price Support

Bitcoin (BTC) has again defended historically strong price support near $7,700, keeping the hopes of a corrective rally alive. The top cryptocurrency faced selling pressure and fell below $8,000 over the weekend, contradicting the possibility of a recovery rally above $8,500 suggested by a key technical indicator on Friday.

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Ethereum to Bitcoin Exchange Rate Points to Slow Altcoin Apocalypse

Cryptocurrency prices wavered on Wednesday following the biggest 24-hour devaluation in months, leaving little guarantee of a swift recovery in the near term. For Ethereum (ETH), the grind lower has been much more extreme when valued against bitcoin (BTC). While the ETH/BTC exchange rate has been in recovery throughout September, the year-to-date picture is grim. How ether performs relative to the ‘king of cryptocurrencies’ offers eye-opening insights into the broader altcoin market.

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Ethereum Price (ETH) Plunges 33% in 5-Day Spiral After 2019’s Strongest Rally

The Ethereum price (ETH), which recorded arguably its strongest rally in 2019 from September 7 to 19 fell by nearly 33 percent within a five-day span against the U.S. dollar as the cryptocurrency market corrected.

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Crypto Market Continues to Show Green Candlesticks, BTC Recovers to $8,200

Monday, Oct. 7 — Bitcoin (BTC) continues its rebound together with most of the other cryptocurrencies, with notable gainers Chainlink (LINK) and Tron (TRX) breaking 10% gains on the day.

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