August 7, 2020

‘The Enron of Europe’ — What We Know So Far About the Wirecard Scandal

Australian YouTuber Dagogo Altraide posted a new video to his 2.5M subscribers detailing the fall of FinTech company Wirecard.
August 7, 2020

Ransomware Threatens Production of 300 Ventilators Per Day

The DoppelPaymer gang deployed a ransomware attack against ventilator manufacturer Boyce Technologies amid the COVID-19 pandemic.
August 7, 2020

Raoul Pal: ‘It May Not Be Worth Owning Any Asset Other Than Bitcoin’

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments.
August 7, 2020

Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control

Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker said customers whose orders were due for delivery in June and July will have to wait until September and October. The equipment is typically ordered three months prior to delivery. That means the postponed shipments may have been ordered around March, making this a costly six-month wait for the affected bitcoin miners. Bitmain said in the Thursday announcement that the delay is a result of “external interference over the company’s management.” Jihan Wu’s faction is reportedly in control of the company’s Wechat account. The company is offering two options to its customers as compensation for delays. […]
August 6, 2020

Nigerian Crypto Activity Has Been On the Rise Since April

Nigeria outperformed the rest of the world by the level of interest in Bitcoin over recent months.
August 6, 2020

Record $830M CME Bitcoin Futures Open Interest Highlights Bullish Trend

Top traders’ net exposure and institutional investors’ growing open interest in Bitcoin futures contracts show the market remains tilted toward bulls.
August 6, 2020

Pomp: Goldman Sachs’ Interest In Blockchain Shows Innovation Out of Necessity

Anthony Pompliano states innovation inevitability in light of recent blockchain comments from new Goldman Sachs brass, Mathew McDermott.
August 6, 2020

North American Investors Vastly Favor Bitcoin Over Other Cryptocurrencies

North America-based institutional investors tend to buy and hold cryptocurrency more than those based in East Asia, according to Chainalysis.
August 6, 2020

JPMorgan: Young and Old Generations Duke It Out Over BTC and Gold

According to analysts at JPMorgan, more and more young people are flocking to bitcoin and cryptocurrencies, while older generations have their eyes centered on gold. JPMorgan: Young People Like BTC, Older Ones Like Gold Both bitcoin and gold have done increasingly well as of late. Bitcoin has shot up to roughly $11,700 at the time of writing – the highest it’s been in about a year – while gold has hit $2,000 per ounce. In a recent statement, persons associated with JPMorgan commented: The two cohorts show divergence in their preference for ‘alternative’ currencies. The older cohorts prefer gold while the younger cohorts prefer bitcoin. When one considers the circumstances, it makes sense that younger people would be drawn to bitcoin and crypto, while older individuals are fans of gold. Gold is a much more established asset. It’s a precious […]
August 6, 2020

Someone Transferred a Billion Dollars in Bitcoin for Less Than $5

An unknown Bitcoin wallet paid a mere $4 to transfer over $1 billion.
August 6, 2020

XR: Virtual Sports are Solving the Pandemic Economy

The consumer market for extended reality tech is growing at an increasing rate and by 2023, the consumer market for extended reality devices and software is projected to reach $18 billion. This makes sense as today’s generation spends more time at home – Americans aged 18 to 24 years spend 70% more time at home then previous generations. On top of this, the COVID-19 pandemic is forcing most people to stay in their homes making this kind of tech even more popular than before.   Extended reality devices can help fill the gap that is created by people no longer being able to go to work in an actual office, travel to vacation spots, or go to a gym for exercise. Using extended reality, meaning combining augmented, mixed, and virtual reality, we can create real sports nearly anywhere. Interacting with […]
August 6, 2020

Market Wrap: Bitcoin Breaks $11,800; Ether Options Market Explodes

Bitcoin’s price is clawing its way back after weekend losses while the ether options market suggests a bumpy road ahead.
August 6, 2020

Pantera’s Founder Foresees $100K+ Bitcoin On the Horizon

Dan Morehead is more conservative in his Bitcoin price predictions than his firm Pantera Capital, though both agree that it will hit $100,000.
August 6, 2020

Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%

Kazakhstan’s Ministry of the Economy wants to tax crypto mining in an effort to deal with the COVID-19 pandemic.
August 6, 2020

Testimony From Craig Wright’s Ex-Wife Throws a Twist in the Billion Dollar Bitcoin Lawsuit

On June 30, a jury trial was scheduled for the notorious Kleiman v. Wright lawsuit on October 13. Now a recent filing from the plaintiffs notes that when Craig Wright’s ex-wife Lynn Wright recently testified, she revealed a number of interesting findings. Lawyers representing the Kleiman estate say her testimony brings the “infamous “Tulip Trust” into question and that it wasn’t a “‘blind trust’ as previously alleged.” In mid-July, news.Bitcoin.com reported on the deposition of Craig Wright’s current wife Ramona Watts and her understanding of how bitcoin private keys work. In addition to the testimony from Watts, the court also heard from Craig Wright’s ex-wife who asserted that she owned a fraction of the company W&K Info Defense Research. The firm W&K Info Defense Research is the questionable company that Wright and Dave Kleiman allegedly started years ago. Wright’s ex-wife […]
August 6, 2020

Sundays Are the Perfect Time to Buy the Bitcoin Dip, Data Shows

New data shows Sunday evening is the best time to buy Bitcoin at a ‘discount’.
August 6, 2020

Federal Reserve Is Rushing to Get Its Instant Payments Offering Ready

COVID-19 proved the need for FedNow, even though the U.S. central bank admits the service is still years away.
August 6, 2020

Bitcoin Still Has a Few More Resistance Points to Face

Bitcoin has shot past the $11,600 mark and is now just shy of trading for $11,700. $300 more to go and bitcoin can reach $12,000, which is considered a serious level for the world’s number one digital currency by market cap. Bitcoin Continues to Shoot Up Some analysts believe that this is the start of something quite big, though it may be a bit early for bitcoin fans to break out the champagne. While things are going well for bitcoin, there are still some serious resistance points that the currency needs to watch out for, case in point both $12K and $13K. Jesse Proudman – CEO of crypto hedge fund Strix Leviathan – explained in an interview: Bitcoin’s bounce off its March lows, bolstered by the eye-popping performance of other large-cap cryptos certainly has the initial indication of the beginnings […]
August 6, 2020

The History, Present and Future of Central Banks, Feat. George Selgin

The Director of the Cato Institute’s Center for Monetary and Financial Alternatives gives an eye-opening, 200-year history of today’s most powerful economic institution.
August 6, 2020

Bitcoin and Ethereum On-Chain Activity Grows Thanks to Casinos and DeFi

On-chain activity on both Bitcoin (BTC) and Ethereum (ETH) continues to grow as blockchain casinos and decentralized applications (dApps) attract a larger number of users. Users can pay […]
August 6, 2020

Will Bitcoin Hit $12K? Join Crypto Markets Live With Big Cheds & Big Chonis!

Traders Big Cheds & Big Chonis offer expert TA on the next move for Bitcoin and altcoins.
August 6, 2020

Polkadot Releases Rococo, Its Test Environment for Interoperable ‘Parachains’

Polkadot has released its first testnet, Rococo, for its parachain network. The testnet will commence with three parachains, Parity Technologies said.
August 6, 2020

Ethereum 2.0 Devs Discuss Medalla Issues as Network Stabilizes

After the somewhat imperfect launch of the Medalla Eth 2.0 testnet, developers discuss what initially went wrong.
August 6, 2020

Bluehelix Global Expansion – Strategically Cooperates with Japanese Licensed Exchange Xtheta

“Japanese licensed exchange Xtheta officially announced that it has a strategic partnership with Bluehelix, the leading blockchain financial infrastructure technology service provider, which to provide Xtheta with the underlying blockchain financial technology services to accelerate Xtheta’s global market advancement.” — Not long ago, an industry news story raised concerns in the Japanese digital currency community. Back in April 2017, Japan‘s Financial Services Agency (FSA) enacted an amendment to the Asset Settlement Act to provide strong regulation of digital asset exchanges, which sets out the operating standards for exchanges, introduces the concept of “virtual currency” exchange operators, and clarifies the legal rules for virtual currency trading. As a global economic powerhouse, Japan’s bill will undoubtedly have a profound impact on the global digital asset market. Against the backdrop of increasing compliance in Japan’s virtual currency industry, Xtheta Exchange was founded in […]
August 6, 2020

Alleged Twitter Hacker’s Digital Hearing Overtaken By Pornography and Rap Music

Someone hacked the digital court hearing of the alleged 17-year-old Twitter breacher.
August 6, 2020

Bitcoin News Roundup for Aug. 6, 2020

With bitcoin prices surging and a quick look at crypto lawsuits, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
August 6, 2020

Bitcoin Is At Its Tallest Peak Since Last Summer

Bitcoin experienced a rough period earlier in the year, but at press time, the currency is trading for just under $11,700, and is at the highest point its been in roughly one year. Bitcoin Is At Its Strongest Point in 12 Months 2019 was relatively shaky for the world’s leading cryptocurrency, trudging along during the first three months of that year before spiking into the $5,000 range by the time April came along. By mid-summer, the currency had shot up to well over $13,000, but eventually things took a nasty turn, and the asset fell into the low $7,000 range by the time 2019 was over. Now, however, bitcoin appears to have gotten some of that momentum back and is back on track to reaching new heights. This July saw the currency reaching its highest point in approximately 12 months. […]
August 6, 2020

$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% Attack on Network

The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split. During the attack, the offending miner managed to double-spend 807,260 ETC ($5.6 million) after spending 17.5 BTC or $200,000 (at time of writing) to acquire the hash power for the attack. The ETC team initially issued a statement advising its clients to halt interactions with the network while corrective steps were taken. At the time, one of the developers at ETC, James Wo insisted the event “was not a 51% attack” while stressing that the “offending miner went offline and was using old client software.” The investigation by Bitquery now debunks ETC team’s initial theory. According to Bitquery, the attacker “mined 4280 blocks for four days.” It adds that “he did only a little mining before and […]
August 6, 2020

Much of Russia’s Blockchain Voter Data Is Now for Sale on the Dark Web

Many Russian citizens now face exploitation on the dark web after their Blockchain voting data was accidentally leaked in early July.
August 6, 2020

Funding Rate of Digital Assets: How to Avoid Being Misled

The funding rate is an essential mechanism to allow derivative instruments to track the spot price of their underlying asset.
August 6, 2020

German Regulator Seizes Crypto ATMs

Germany’s financial regulator BaFin is seizing bitcoin ATMs run by “Shitcoins Club” months after ordering its operator to cease trading crypto.
August 6, 2020

Hodlnaut Review – Earn Interest on Bitcoin, USDT and USDC

The cryptocurrency market is offering a wide range of solutions for users to earn interest on their funds. However, many of these services are very complicated to do; […]
August 6, 2020

Blockchain Bites: Bulls Reborn, Backrunning Bots, Bitmain Blowout

Ethereum Classic was hit with another 51% attack and Instagram is seeing a proliferation of crypto scams.
August 6, 2020

Polkadot Launches Testnet for Sharding Cross-Communication

Polkadot is releasing a testnet specifically designed for its sharding implementation.
August 6, 2020

NEM blockchain native cryptocurrency XEM now listed on bitFlyer

NEM blockchain native cryptocurrency XEM, as of today is now listed on bitFlyer, one of Japan’s largest cryptocurrency exchanges. The listing will enable NEM’s extensive Japanese community to benefit from the liquidity of the bitFlyer platform. XEM is the native cryptocurrency of NEM NIS1, the original blockchain offering from NEM which launched in 2015. With the highly anticipated launch of Symbol from NEM, the next-generation enterprise-grade blockchain solution, the Symbol chain will be introduced in parallel with NEM NIS1 to give XEM holders agency through the migration By opting-in, XEM holders will obtain an XYM balance equal to their XEM balance at the time of the snapshot, a predetermined time when users’ XEM balance across the NEM blockchain will be recorded. As a result, XEM holders will be able to participate in the launch of Symbol with a 1 XEM […]
August 6, 2020

Goldman Sachs Eyes Own Token as Bank Appoints New Head of Digital Assets

The new digital asset head at Goldman Sachs said the bank was currently considering launching its own possibly fiat-backed cryptocurrency.
August 6, 2020

Bitcoin’s Patronage System Is an Unheralded Strength

Bitcoin development is better funded than ever, cementing a patronage model that protects against insider maneuvering.
August 6, 2020

German Police Seize $29M in Bitcoin From Alleged Content Pirate

Prosecutors allege the programmer behind movie2k.to helped distribute 880,000 pirated films over a five-year period that ended in 2015.
August 6, 2020

Bitmain Delays Antminer Shipments Amid Internal Conflicts

Bitmain announces three-month Antminer order delays, citing “external interference on company operation.”
August 6, 2020

Reviving Tourism and User Privacy Via Blockchain-Based ID Systems

Blockchain could be key for ensuring user privacy in COVID-19 contact-tracing apps.
August 6, 2020

TikTok and the Great Firewall of America

U.S. politicians say TikTok is a threat to Americans’ privacy. But can we trust Silicon Valley giants to behave any better?
August 6, 2020

Russia’s Sberbank Launches Blockchain on Hyperledger, Mulls Stablecoin in 2021

Russia’s largest retail bank is launching a Hyperledger-powered blockchain for trade finance initially, and may add a ruble-linked stablecoin next year
August 6, 2020

Square’s Cash App Bitcoin Revenue Surges 600% to $875 Million in Q2, Profit Up 711%

Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%. Square Cash App’s Bitcoin Revenue Square released its performance report for Q2 2020 on Tuesday. The company’s net revenue, including bitcoin revenue, was $1.92 billion, an increase of 64% year over year. Its gross profit, including from its bitcoin business, rose 28% year over year to $597 million. Cash App, Square’s popular payment service, achieved gross profit of $281 million, up 167% from last year. “Customers increasingly used Cash App as a way to send and spend money,” Square wrote. “In June, Cash App had more than 30 million monthly transacting active customers, with more than 7 million spending on Cash Card.” Noting that […]
August 6, 2020

Bitcoin Price Nears $12K Again as Gold Correlation Hits Record

$12,000 is firmly back on the cards as daily gains top 2.2% and Bitcoin erases the effect of its weekend plunge.
August 6, 2020

Grayscale Ethereum Trust Files To Become An SEC Reporting Company

Grayscale Ethereum Trust files to become an SEC reporting company amidst the Ethereum bull run.
August 6, 2020

IDEX Raises $2.5M to Rebuild Hybrid Exchange for Algorithmic Traders

The seed investment will be used to re-launch the Ethereum-based exchange so algorithmic traders can better use the platform.
August 6, 2020

NBA’s Spencer Dinwiddie, Andre Iguodala and More Join Dapper Labs $12M Funding Round

Dapper Labs raised $12 million in its newest funding round led by NBA stars Spencer Dinwiddie, Andre Iguodala, JaVale McGee, Aaron Gordon and Garrett Temple.
August 6, 2020

Bitcoin Entering ‘New Adoption Cycle,’ Coin Metrics Exec Says

User adoption looks to be gathering pace as bitcoin’s price rises amid a coronavirus-induced rush for assets with safe-haven appeal.
August 6, 2020

Bitcasino Pens Key Partnership with OneTouch, Multiple New Games Announced

Bitcoin Press Release: Mobile games supplier OneTouch to provide leading bitcoin casino Bitcasino with immersive table games offering. 5th August 2020 – Pioneering cryptocurrency casino operator, Bitcasino and mobile-first games developer OneTouch have announced an exciting new partnership. The agreement will see an engaging selection of OneTouch renowned table games go live on the popular online casino later this year, including live dealer Baccarat, Roulette and Blackjack.   Founded in 2014, Bitcasino is the world’s first licensed Bitcoin-focused operator, with OneTouch’s latest commercial partnership boosting its appeal amongst a wide range of audiences.  Ollie Castleman, Head of Marketing at OneTouch voices his excitement on the new partnership, stating:  “Bitcasino is the industry’s foremost cryptocurrency specialist, and this partnership allows our offering to continue expanding across a diverse set of product verticals. Our unique mobile-first gaming suite has continued to go from strength to strength this […]
August 6, 2020

OKCoin Exchange Awards Grant to One of Bitcoin Core’s Most Active Developers

The grant from OKCoin will allow Bitcoin developer Marco Falke to continue the maintenance work he’s done since 2016, like reviewing proposed code changes.
August 6, 2020

Dapper Labs Raises $12M From VC Firms and NBA Players, Nets $1.2M in NFT Sales

CryptoKittes’ creator Dapper Labs has secured $12 million in investment from blockchain venture capital notables and pro-NBA players.
August 6, 2020

Bitcoin Entering ‘New Adoption Cycle,’ Messari Says

User adoption looks to be gathering pace as bitcoin’s price rises amid a coronavirus-induced rush for assets with safe-haven appeal.
August 6, 2020

China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan

State-owned commercial banks in China are reportedly testing a wallet for the country’s forthcoming digital yuan.
August 6, 2020

NBA Top Shot Launches P2P Marketplace for Collectible Tokens

The marketplace for Dapper Labs’ NBA Top Shop game has gone live, allowing beta users to trade collectible NFTs with their peers.
August 6, 2020

OKCoin’s Fourth Developer Grant Recipient Brings Total Grants to Over $500K

OKCoin developer grants total over $500,000 with the latest grant going to Bitcoin’s most active contributor since 2017.
August 6, 2020

First Mover: Bitcoin Rises More in One Day Than Stocks Have Gained All Year

Bitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout from the coronavirus pandemic.
August 6, 2020

Chainlink Rival Band Protocol Surged 65% Overnight — 3 Reasons Why

Chainlink rival BAND, the native token of Band Protocol, has soared by 65% in one day after Coinbase announced its listing among other factors.
August 6, 2020

German Police Seize $30M in Crypto From Streaming Site Operator

One of the main operators of the now-shuttered streaming site movie2k.to has forfeited over $30 million worth of crypto to German police.
August 6, 2020

One Month On, Forsage Continues Despite SEC’s Ponzi Warnings

Forsage members are courting a high risk with the Philippines’ securities regulator.
August 6, 2020

Judge Worries Plaintiffs’ Lawyers Trying to Line Their Pockets in Block.one ICO Lawsuit

The district judge criticized a class-action lawsuit brought against Block.one for appearing to be an attempt to earn high legal fees.
August 6, 2020

Bitcoin P2P Trading Soars in India as New Exchange Launches

Bitcoin P2P trading volume in India has been growing rapidly, hitting record highs over the past weeks. Meanwhile, a new P2P trading platform has launched in India as the crypto industry awaits the government’s decision on a cryptocurrency law. P2P Trading Volume Soars in India Peer-to-peer (P2P) bitcoin trading in India has been hitting all-time highs over the past weeks. The growth accelerated after the country’s supreme court quashed the circular by the central bank, the Reserve Bank of India (RBI), in March that banned banks from providing services to crypto exchanges. According to Usefultulips.com, which combines data from two prominent P2P bitcoin marketplaces, Paxful and Localbitcoins, P2P bitcoin trading volume in India has consistently hit all-time highs since early June. For the week ending on Aug. 1, the trading volume was $4.40 million, an increase from $3.78 million. The […]
August 6, 2020

Bitfinex lists new Cardano (ADA) trading markets

The Cardano Foundation, the Swiss-based legal custodian and caretaker of the Cardano blockchain, today announced that Bitfinex, the popular cryptocurrency trading platform, will offer its customers trading of ADA, the native currency of the Cardano protocol. Cardano is a fully-decentralized, open-source blockchain protocol established in 2017, which has recently reached a critical milestone in its development through the release of staking and delegation, full network decentralization, and the impending release of smart contract capabilities. Ada trading will commence on Bitfinex on 6 August 2020, with initial support for ADA/bitcoin (ADA/BTC), ADA/US dollar (ADA/USD), and ADA/Tether (ADA/USDT) spot trading pairs. ADA holders can deposit on Bitfinex starting from August 6, 2020. Bitfinex, established in 2012, consistently ranks among the largest digital asset exchanges in the world by daily trading volume. The listing of ADA trading pairs offers cryptocurrency traders and investors […]
August 6, 2020

Bitcoin Whales Bought the Dip, Data Shows as $1.2B Leaves Exchanges

Investors are in no mood to sell as the number of Bitcoins held in exchange wallets “falls off a cliff” this week.
August 6, 2020

Copper develops new collateral management tool for OTC crypto derivatives

Copper, the London based digital asset infrastructure provider, today announced the expansion of its ClearLoop digital asset trading framework to include collateral management for crypto derivatives. This move will enable crypto derivatives to be traded over the counter (OTC) with significantly reduced risk for all parties involved, opening up the marketplace to a wide range of new institutional participants. The new collateral management suite was developed specifically for the needs of the fast-growing institutional marketplace. GSR, a leading digital asset trading firm and a Copper client, served as a key advisor in the product design process. With this new functionality, Copper acts as an independent third party for collateral management and settlement. Collateral stays in the Copper ecosystem, and its value is continually tracked. Derivatives are one of the most significant investment instruments in the digital asset space, with OTC […]
August 6, 2020

Investors Suing Over Status ICO Can’t Find Execs to Serve Papers

Investors suing crypto firm Status are seeking “alternative means” to serve top executives after they were unable to deliver court papers via traditional means.
August 6, 2020

Honeywell Creates a Blockchain ‘Search Engine’ for Aircraft Parts Data

Aerospace giant Honeywell will use a blockchain system to streamline the documentation of aircraft parts and services.
August 6, 2020

Cryptocurrency and Blockchain Legal Research Is Experiencing a Boom

In November 2019, I published a law review article titled Bitcoin is Speech: Notes Toward Developing the Conceptual Contours of Its Protection Under the First Amendment through the University of Miami School of Law’s main journal. The article, which is at the forefront of law and technology, analyzes the Constitutional implications of the adoption of decentralized […] The post Cryptocurrency and Blockchain Legal Research Is Experiencing a Boom appeared first on Blockchain Beach | News and Events.
August 6, 2020

‘Crypto Instagram’ Is Becoming a Thing, Scams and All

Scams are running rampant on Instagram in 2020 – even as legitimate crypto entrepreneurs are increasingly using the platform for business.
August 6, 2020

Bitmain Delays Bitcoin Miner Shipments by Three Months as Co-Founders Battle On

The escalating internal power struggle at Bitmain is starting to have a more serious impact on its business and customers.
August 6, 2020

SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts

The U.S. Securities and Exchange Commission (SEC) is looking for a blockchain forensics tool to help it analyze smart contracts. In a call for bids to software companies on July 30, the regulator said that the tool must be able to “analyze and detail code within blockchains and other distributed ledgers.” It is also looking to identify contract changes performed with administrator passwords, in addition to issues like whitelisted and blacklisted addresses. It also wants to know how token sales funds are disbursed. The SEC noted that the tool would support its efforts “to monitor risk, improve compliance, and inform Commission policy with regard to digital assets.” Firms have until August 13 to submit their proposals. Only companies classified as “small businesses” – those with a value of $30 million or under – are being considered for the tender, it […]