News 

Jim Dolbear: Useful Coins “Have To Be Quantum-Secure, That’s It”

“Elixxir President Jim Dolbear thinks the question of when quantum computing will become real is a bad one” writes Hisashi Oki for cointelegraph.com. A useful coin “has to be quantum-secure, that’s it,” Dolbear concluded.It would certainly be a huge problem if “real” quantum computers can actually reverse engineer secret private keys from known public keys, as some fear.Speaking on behalf of Elixxir founder David Chaum at BlockShow Asia 2019, Dolbear suggested that it is highly likely that whoever perfects quantum computing will use it secretly. Source: cointelegraph.com

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Crypto Markets News 

‘Don’t Leave Your Coins In Exchanges,’ Says Crypto Entrepreneur Who Lost All His Assets

“His company is a blockchain venture capital firm, crypto quant hedge fund, and mining company focused on investing in blockchain projects” writes Gabriel Rubinsteinn for cointelegraph.com. Exchange hacking is nothing new to the crypto ecosystem. Some of the biggest companies in the space have faced issues here this year, including market leader Binance. Source: cointelegraph.com

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Crypto News 

Stable Currencies Company Coin Shares Releasing New Gold-Supported Token

“Based in London, Coin Shares is a company that specializes in stable coins” writes Nick Marinoff for livebitcoinnews.com. Less often do we encounter coins backed by precious metals or similar commodities, and Coin Shares Group is looking to change that.Currencies such as bitcoin, Ethereum, bitcoin cash and Litecoin, for example, are all more mainstream than your standard stable coin.Over the past few years, the world has experienced a surge in stable coin popularity.As it stands, more than a dozen gold-backed cryptocurrencies exist within the space, and Coin Shares’ new product…

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Crypto Futures News 

Monero Futures Begin Trading on Dubai-Based Crypto Exchange

“Dubai-based multi-currency and spot/futures exchange, BTSE, unveiled its Monero (XMR) futures trading, Oct. 31” writes Jack Martin for cointelegraph.com. The decision to list Monero comes at a time when the popular privacy coin is being delisted from several other exchanges.The move makes it one of the first and only exchanges offering futures contracts on the privacy-focussed cryptocurrency.Pressure from the Financial Action Task Force, while driving criminals towards Monero and other privacy coins, is also causing some platforms to delist them. Source: cointelegraph.com

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Crypto Markets News 

Market Mostly Trades Sideways as Bitcoin Price Hovers Around $9,100

“Bitcoin (BTC) has been trading sideways for the better part of the day and continues to circle around the $9,100 price mark” writes Joeri Cant for cointelegraph.com. The third-largest coin by market capitalization is currently trading at $0.295 per coin, down 0.47% at press time. The overall cryptocurrency market cap currently sits at $245.2 billion, with Bitcoin making up 67.5% of the total.The coin bounced off a local low of $8,960 earlier today before moving to its current trading price at $9,149, showing a small loss of 0.74% on the…

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Crypto News 

Some Top-20 Coins Still Making Gains, Others Trade Sideways

“XRP, the third top cryptocurrency by market capitalization, has gained 1.23% over the past day to trade at around 0.301 at press time” writes Ana Alexandre for cointelegraph.com. Tuesday, Oct. 29 — Most top-20 digital currencies are trading sideways today, with a few reporting minor losses.On the top-20 coins list, the cryptocurrencies, which are reporting losses, are down between 0.01% and 4.48% at press time.Bitcoin (BTC) is down less than one percent over the past 24 hours and is trading at around $9,327 at press time. Source: cointelegraph.com

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Crypto News 

Privacy-Focused Cryptos Hunted Down by Forensics and Exchanges

“To process private transactions of Zcash, shielded transactions have to be initiated, and on most exchanges and wallets, shielded Zcash transactions are not processed” writes Joseph Young for cointelegraph.com. The growing pressure from G-7 countries for exchanges to deal with privacy coins will further push the FATF to apply guidelines and standards to prevent money laundering, making it harder for exchanges to support privacy coins. Therefore, delisting of Monero from exchanges could hurt the chances of analytics firms tracing funds involved in criminal activities.Like how Gemini supports Zcash, the FATF…

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News 

Facebook’s Libra may look to multiple digital coins based on national currencies

“David Marcus, Facebook’s blockchain boss, on Sunday reportedly said there could be alternative approaches to the digital coin, including using multiple cryptocurrencies based on national currencies such as the US dollar” writes Carrie Mihalcik for cnet.com. Marcus said having multiple “stablecoins that represent national currencies” is one option for Libra that should be considered, but added that he wasn’t suggesting this was the group’s new preferred direction, according to Reuters. Source: cnet.com

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Crypto News 

Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

“The world’s second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by crypto data provider CryptoCompare” writes Marie Huillet for cointelegraph.com. Cryptocompare has also partnered with major crypto derivatives platform BitMEX to jointly construct a real-time crypto futures dataset, which will be delivered to financial markets data provider Refinitiv. This summer, Sina Finance —  a finance-focused website owned by China’s major tech company Sina Corp — included a crypto index into its mobile app, without making a formal public announcement on the addition.In February 2019, Nasdaq started listing…

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