Bitpatt.com, a Safe, Fast and Reliable P2P Crypto Exchange, Launches Operations
While there are many crypto exchanges, fear of hacking and theft has slowly crept into crypto traders due to many such past incidents. It makes sense to always be in control of one’s fund and cryptocurrencies, and that’s why P2P or peer to peer services like Bitpatt...
2020 Is Becoming the Year of Staking With Some Major Achievements
While both PoW and PoS have a lot to offer, this year, in particular, is promising to be a special one for proof-of-stake. Proof-of-work and proof-of-stake have a lot of benefits to offer the community, and the discussion around these algorithms has dominated...
Community-Verified Oracle Platform Aims to Better Chainlink’s Accuracy
DeFi-focused oracle platform DIA is using crowd-sourcing to improve the accuracy of price oracles. Oracle platforms, which provide links between blockchain smart contracts and trusted sources of real-world data, are a crucial component of many decentralized finance —...
The Economist advertises controversial crypto project HEX
The Economist has advertised the controversial crypto project HEX, which has been widely derided by many in the cryptocurrency industry as an unregistered security and a possible pyramid scheme. The Economist’s half-page ad, which claims that the price of the HEX...
MCO Price Spikes After Crypto.com Announces Token Merging
The Hong-Kong-based company Crypto.com announced a token swap program on Monday. All MCO token holders have until the 2nd of November 2020 to swap their MCO for CRO. The announcement catalyzed MCO trading volume and caused the price to surge. However, several users...
Alleged Twitter Hack ‘Mastermind’ Owns $3 Million in Bitcoin, Bail Set at $725K
Regional reports from Tampa show that the alleged “Mastermind” behind the July 15, Twitter hack owns more than $3.3 million dollars worth of bitcoin. While appearing on a video screen at the Hillsborough County Courthouse, the judge set 17-year old Graham Clark’s bail...
Bitcoin Market Cap Is Now Bigger Than Intel or Coca-Cola
Bitcoin overtakes Intel and Coca-Cola at a market capitalization of $205 billion. Amid a major bullish trend on cryptocurrency markets, Bitcoin’s (BTC) market capitalization is outstripping some major publicly traded companies like Intel and Coca-Cola.Following a...
Volatility Data Suggests Bitcoin Price Drop to $10K Before Rally Resumes
Volatility metrics suggest Bitcoin price may revisit $10,000 before restarting the rally to a new 2020 high. A recent report by cryptocurrency research firm, Zubr, found that despite being extremely volatile when compared to traditional asset classes, Bitcoin (BTC)...
Travel Management Firm CWT Pays Out $4.5M in Bitcoin After Ransomware Attack
The U.S. firm paid out a ransom of 414 bitcoin after its corporate files were locked up in a ransomware attack. Source: coindesk
First Mover: July Was a Runaway Month for Crypto Returns
Crypto traders didn't have to be choosy to make money in July, when every digital asset in the CoinDesk 20 rose (except, of course, for the stablecoins). Source: coindesk
Crypto Firm Hacked for $1.4M Admits It Will Struggle to Reimburse Users
Madrid-based payment app and card issuer 2gether said it can only reimburse investors with its native tokens following Friday’s hack. Source: coindesk
A Bitcoin Ponzi scheme took in over $7 million, say prosecutors
US prosecutors have filed a forfeiture lawsuit against Banana.Fund, an alleged crypto Ponzi scheme that snatched around $7.1 million worth of cryptocurrency, CoinDesk reported today. According to the article—on the heels of Bitcoin’s (BTC) late-2017 boom—Banana.Fund...
Ethereum Fights for a Close Above $400 Resistance
The Ethereum (ETH) price has reached a massive long-term resistance area near $400. While it briefly managed to climb above this level, it has failed to close above it. The shorter-term trend has begun to show weakness, and a retracement seems imminent before the...
Charlie Lee, Adam Back Lead $3.1M Private Raise for Blockchain Game ‘Infinite Fleet’
A game developed by Samson Mow's Pixelmatic has completed a $3.1 million private SAFT sale of tokens. Source: coindesk
Tel Aviv Stock Exchange to Launch Blockchain Securities Platform
Israel will have its first central securities lending platform this November, built on blockchain technology. The Tel Aviv Stock Exchange (TASE) plans to launch its blockchain-based securities lending pool in November.In an announcement on July 28, TASE said the...
Best Weekly Close Since $20K? 5 BTC Price Factors to Watch This Week
Looming Bitcoin futures gaps and mainstream interest are providing the perfect environment for another week of volatility. Bitcoin (BTC) begins a new week at over $11,000 after a wild weekend saw the market crash $1,200 in minutes — will the chaos...
Crypto Hedge Fund Neural Capital Closes After Losing Half Its Money
Neural Capital, a hedge fund that traded cryptocurrency assets, has quietly shuttered. Source: coindesk
Twitter Hacker Owns $3.4M in Bitcoin, Court Sets Bail at $725K
Twitter hack alleged ringleader Graham Clark, the subject of a previous criminal investigation, had bail set at $725,000 at his first court appearance Saturday. Source: coindesk
Bitcoin Suffers Enormous Drop After Breaking $12,000
The Bitcoin (BTC) price created a massive bearish engulfing candlestick on August 2, possibly indicating that the upward move has ended and a corrective period awaits. The long-term movement, however, still looks healthy. Bitcoin Fails to Close Above Long-Term...
Inside a Crypto ‘Ponzi’: How the $6.5M Banana.Fund Fraud Unravelled
U.S. authorities are trying to return $6.5 million in bitcoin and tether to the victims of an alleged Ponzi scheme. Source: coindesk
SEC-sanctioned crypto companies received COVID-19 bailout money
Ten blockchain companies that were sanctioned by the SEC for fraud and offering non-registered securities received COVID-19 aid from the US Paycheck Protection Program (PPP), according to publicly available data from the Small Business Administration. The PPP, created...
YouTube Bans Crypto Channel for 'Encouraging Illegal Activities'
Crypto channel Altcoin Daily run by brothers Aaron and Austin Arnold was reinstated by YouTube after more than two days offline. Another cryptocurrency-related YouTube channel appears to have fallen afoul of the platform's community policies.According to a July 31...
Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund
The crypto exchange group is forming a new fund to invest tens of millions of dollars in the DeFi space. Source: coindesk
Weekend Market Action Signals DeFi-Driven Bull Market Has Arrived
This weekend’s epic crypto market momentum has been a remnant of the volatile action witnessed in late 2017. Ethereum has been in the driver’s seat, but instead of the ICO-saturated market of yesteryear, DeFi platforms are now dominating the sector in 2020....
Where FATF Crypto Compliance Gets Interesting: Africa
Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards. Source: coindesk
Goldman Sachs: Gold Will Hit $2,300 by 2022. What About Bitcoin?
A depreciating US dollar as a reserve currency coupled with investors looking for attractive alternatives could see both BTC and gold rise. Major investment banking company Goldman Sachs says the price of gold will rise 20% to reach $2,300 before the end of 2022.The...
Garmin Coming Back Online After Hack — Was $10M Crypto Ransom Paid?
Cybergang Evil Corp hackers reportedly demanded $10M to restore full access to Garmin’s customer support services and navigation solutions. Multinational tech company Garmin may have paid some or all of a $10 million crypto ransom to hackers who managed to encrypt the...
Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors
Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining...
Travel Management Company CWT Pays $4.5M Bitcoin to Hackers
Ransomware hackers initially demanded $10 million to restore access to travel firm CWT’s computers and delete any stolen data. U.S.-based corporate travel firm CWT paid $4.5 million in a Bitcoin ransom to hackers who stole sensitive files from the company.According to...
Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals’ Problem
In 2008, Satoshi Nakamoto essentially solved the infamous computational issue called the “Byzantine generals’ problem” or the “Byzantine Fault.” Throughout the history of man, people used ledgers to record economic transactions and property ownership. A ledger is...
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