August 6, 2020

Blockchain Heroes Refuse to Accept ‘Old World’ Fiat Payments

In advance of its August 8 release, Blockchain Heroes has airdropped fans an NFT trading card featuring a crossover character from Topps.
August 6, 2020

Is ETC 102% Screwed After Second 51% Attack?

Ethereum Classic has suffered its second 51% attack in a week after 4,000 blocks were reorganized earlier today.
August 6, 2020

Bitcoin Price Eyes New 2020 High Once Bulls Break $11.8K Resistance

Bitcoin price is gearing up for a second attempt at $12,000 and altcoins continue to rally higher.
August 6, 2020

Bitcoin Scammers Rebrand Jon Prosser’s YouTube Channel as ‘NASA’

YouTube took down Jon Prosser’s channel with 262K subscribers after hackers used it to promote a free Bitcoin giveaway scam.
August 6, 2020

Ethereum Classic Suffers Second 51% Attack In a Week

Ethereum Classic has suffered a 4,000-block long reorganization, its second such incident in five days. The first attack, which saw more than 3,000 blocks reorged, saw an attacker steal more than 800,000 ETC, worth about $5.6 million.
August 6, 2020

Travala Adds 1 Million More Holiday Homes You Can Book With Crypto

Travala.com now offers a total of 3 million accommodation options users can book with cryptocurrency.
August 6, 2020

Artist Whose NFT Broke Auction Records ‘Dismissed’ NFTs Initially

Trevor Jones, the artist who composed Picasso’s Bull — an NFT that sold for a record $55,555 on NIfty — originally thought that NFTs were destined to fail.
August 6, 2020

Can Blockchain E-Passports Help Save the Tourism Industry?

ShareRing has launched an anonymous e-passport app with contact tracing in an effort to revive the $9 trillion global tourism industry.
August 6, 2020

Fed’s Inflation Efforts ‘Likely to End Disastrously’ Says Pomp

Anthony Pompliano said Bitcoin, stocks, gold, and real estate will run ‘much, much higher’ as the Fed inadvertently ramps up inflation.
August 6, 2020

Santiment Reveals Top DeFi Platforms by Development Activity

Maker, Synthetix, Band Protocol, and Augur are the top DeFi platforms in terms of developer activity.
August 6, 2020

US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space

A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois, Darren Soto (D) of Florida, Tom Emmer (R) of Minnesota, and David Schweikert (R) of Arizona. In their letter addressed to IRS Commissioner Charles Rettig, the quartet expressed concern that the “taxation of staking rewards as income may overstate taxpayers’ actual gains from participating in this new technology.” They add this could result “in a reporting and compliance nightmare, for taxpayers and the Service alike.” The letter, in which the U.S. politicians explain their understanding proof-of-stake (POS), also gives reasons why they favor POS ahead of bitcoin’s proof-of-work consensus. The politicians say in addition to needing “massive amounts […]
August 6, 2020

51% Attack Bleeds More Than $5M From Ethereum Classic

Forensic analysis suggests the recent Ethereum Classic blockchain reorganization was a carefully orchestrated malicious attack.
August 6, 2020

Blockstream’s Adam Back Slams Ethereum as a Ponzi-Scheme

Crypto tribalism shifts up a gear, with Bitcoin pioneer Adam Back lashing out at Ethereum.
August 6, 2020

Ransomware Gang Steals 10TB of Pics and Data From Canon

The Maze ransomware group appears to be behind a recent cyberattack launched against Canon.
August 6, 2020

Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips shows, peer to peer bitcoin trading volumes for the week topped an equivalent of $95 million. The figure surpasses $92.4 million, the highest weekly volume value in 2019. The data combines trading volumes at two peer-to-peer trading platforms, Localbitcoins and Paxful. According to the same data, the month of December 2017 had the highest ever recorded weekly traded volume. Trades totaling $131 million were recorded. Meanwhile, a break down of the $95 million by region shows that North America is leading with $28.7 million. The United States takes the lion’s share of that figure. The Sub-Saharan Africa region […]
August 6, 2020

Bitcoin and S&P 500 No Longer Correlated: Mati Greenspan

The Quantum Economics founder says there was only ever a ‘loose correlation’ between crypto markets and the S&P 500 during the pandemic.
August 5, 2020

S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track

The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the year’s end and by August 2021 prices could be $100,000 per bitcoin. The crypto asset bitcoin (BTC) is up over 24% over the last 30 days and up more than 16% during the last 90 days. BTC touched a 2020 high of just above $12,000 per coin before tumbling 10.9% last Sunday. With the price giving traders optimism many speculators wonder if crypto assets are about to witness another massive bull run. On August 1, the author of the contested S2F price model told his 121,000 Twitter followers that the model is on track. “I can’t make a chart for you now (at sea), but [the] S2F model […]
August 5, 2020

Man Accused of Arranging Murder to Avoid Crypto Debt Can’t Escape Jail, Brazilian Court Rules

Crypto businessman Danilo Afonso Pechin remains jailed after Brazil’s High Court refused to hear his request for habeas corpus.
August 5, 2020

Bloomberg: Ethereum’s Rise is Speculative While Bitcoin’s Price Is Based on Fundamentals

Bloomberg finds Ethreum’s bull run to be speculative while contending that Bitcoin’s appreciation is driven by fundamentals.
August 5, 2020

3 Ways US Fed Printing Is Fueling Huge Gold, Silver and Bitcoin Rally

Federal Reserve monetary policy appears to be a primary catalyst for the current rally in gold, silver and Bitcoin.
August 5, 2020

Blockchain Salaries in China Are Exploding in Value As The Industry Expands

Chinese recruiting platforms revealed a significant rise in wages paid for blockchain-related job roles in the country.
August 5, 2020

China’s Open Source Development Has Lessons for the US

While the U.S. complains about TikTok and Chinese IP theft, China is forging a new form of development based on open source networks.
August 5, 2020

European Crypto Exchange 2gether Is Latest to Be Compromised

It’s happened again, folks. Another cryptocurrency trading platform has been compromised by unseen malicious actors. This time, the victim is 2gether, a European crypto exchange that allows people to sell, buy and trade bitcoin and other digital currencies without incurring additional fees. 2gether Is the Latest Exchange to Be Compromised The hackers made off with more than one million pounds-worth of digital assets. 2gether’s native coin, known as the 2GT token, was set to be released to the public in the coming weeks in a token sale that would occur in Spain, though at press time, it’s unclear if the hack has set these plans back a few steps. Overall, more than 25 percent of the exchange’s total funds were stolen. On Twitter, CEO of 2gether Ramon Estrada said that both euro and general accounts were not affected by the […]
August 5, 2020

Market Wrap: Bitcoin Trudges Past $11.7K as DeFi Lending Rates Gyrate

Bitcoin’s price is trending up. Meanwhile, interest rates for lending crypto in DeFi are still unpredictable.
August 5, 2020

Bitfinex Offers $400 Million in Rewards to Get Back 120,000 Stolen Bitcoins

Cryptocurrency exchange Bitfinex is offering rewards of up to $400 million to the hackers who stole almost 120,000 bitcoins from its platform in 2016 as well as anyone putting it in touch with the hackers. Up to $400 Million Reward for the Recovery of Stolen Bitcoins Bitfinex announced on Tuesday that it is offering up to $400 million in rewards for the recovery of almost 120,000 bitcoins that were stolen from its platform in August 2016. Not only is the exchange offering a reward to any persons connecting it with the hackers responsible for that unauthorized transfer, but it is also offering a reward to the hackers themselves for the return of the stolen coins. “Today’s announcement of a reward is our latest effort to recover these stolen funds,” Bitfinex wrote, elaborating: Those who put Bitfinex in contact with the […]
August 5, 2020

DeFi Traders Are Gaming Ethereum for Higher Profits, Researchers Say

DeFi trading bots create “walls of executions,” resulting in higher rewards for Ethereum miners, higher profits for traders and higher fees for everyone.
August 5, 2020

Two Reasons Crypto’s Bull Market Is Coming

Capital from dying token projects and an inflationary environment provide conditions for crypto’s march towards a $1 trillion market cap.
August 5, 2020

Bitfinex Asks for Help in Recovering Stolen Crypto

Cryptocurrency exchange Bitfinex is looking for a little help in recovering more than $1 billion in stolen bitcoin funds. Bitfinex: We Need Your Assistance! The company saw more than $1.3 billion in crypto mysteriously vanish from its platform in the year 2016. After four long years, the exchange is no closer to recovering the funds. Executives are hoping someone involved in the theft or someone with knowledge of the incident will come forward and lending a hand. Those that do will be privy to a $400 million reward, a solid portion of the stolen funds. The company announced in a statement: Bitfinex is offering a reward to any persons that connect us with hackers responsible for the unauthorized transfer of almost 120,000 bitcoins from the exchange in August 2016. We will reward anyone with information that can put us in […]
August 5, 2020

Hedgeye CEO Keith McCullough on Stagflation, Bitcoin and the Devalued Dollar

One of the realest people in financial media joins for a conversation about where the economy really is and where it’s headed.
August 5, 2020

Price Analysis 8/5: BTC, ETH, XRP, BCH, BSV, LTC, ADA, BNB, LINK, CRO

If Bitcoin can reclaim the $12,200 level, several altcoins are likely to resume their uptrend.
August 5, 2020

NASDAQ-Listed MicroStrategy, Wary of Looming Dollar Inflation, Turns to Bitcoin and Gold

“If you have large dollar values and you’re hoping for any kind of return on them, that’s faded,” said CEO Michael Saylor. “Gold, silver, and bitcoin are showing strength.”
August 5, 2020

ETH Lite: Reflexer Labs Raises $1.7M to Build a Somewhat-Stable Coin for DeFi

Reflexer Labs, a new decentralized finance project aimed at softening volatility, has closed a $1.68 million seed round led by Paradigm.
August 5, 2020

OKEx Launches Indian P2P Trading Platform Despite Legal Uncertainty

OKEx has launched a peer-to-peer trading platform and fiat onramp in India.
August 5, 2020

Bitcoin Will Break $400K in Long-Term, Morgan Creek’s Pomp Predicts

Bitcoin will eventually capture more of the market than gold, Morgan Creek’s Anthony Pompliano predicts.
August 5, 2020

Chainlink Partnership Proposes its Own Take on Human Readable Ethereum Names

Chainlink partners with War Riders to create a hybrid solution for human readable Ethereum names that removes friction for blockchain gamers.
August 5, 2020

DeepTradeBot, the Innovation of Large Companies at Your Service

The world has evolved enormously in recent years, and the world of investment and speculation has been no stranger to this evolution. Currently, more than 40% of the operations carried out in the main world stock exchanges are operated by automatic robots (according to the digital newspaper lainformacion.com). The cryptocurrency ecosystem was until recently an unexplored terrain for this type of operations, where the most that could be done was to automate some orders on the exchanges. That’s why DeepTradeBot has developed a series of complex AI and big data tools that will allow us to explore a whole new world of possibilities with little risk. What is DeepTradeBot? DeepTradeBot is a collection of automated trading tools developed by Deep Neuro Networks LTD, a London, England-based company dedicated to artificial intelligence and cloud computing. Here we find the first advantage, […]
August 5, 2020

17-Year-Old Pleads Not Guilty to Twitter Hack as Defense Tries to Lower Bail From $725K

The 17-year-old charged with being the mastermind behind July’s Twitter hack has pleaded not guilty; the defense says bail posted is “grossly inappropriate” to the amount of money stolen.
August 5, 2020

Crypto Class Action Asks to Use Social Media to Wrangle Flighty ICO Issuer

Plaintiffs as the court to authorize communication via email and Twitter to Status co-founders as part of a class-action lawsuit over SNT’s ICO.
August 5, 2020

Ethereum.org Gets Redesigned With New Content and Doge Illustrations

The Ethereum Foundation is changing up some of its website’s designs as it pushes for a comprehensive educational strategy.
August 5, 2020

‘The Sandbox’ Game Announces $3M Token Sale Through Binance Launchpad

Highly anticipated blockchain game The Sandbox has announced a token sale for its SAND utility tokens later this month through Binance’s Launchpad platform.
August 5, 2020

Republic Cuts Through SEC Red Tape to Raise $16M via Security Token Sale

Under a pair of SEC regulations, crowd-equity platform Republic has raised $16 million through the sale of its Republic Note security token.
August 5, 2020

The BTC Hack That Occurred on Twitter Is Repeating on YouTube

Roughly two weeks ago, the world was shocked to learn that several high-profile Twitter accounts had been hijacked for the purpose of gaining access to bitcoin. Now, it looks like the same scam is being pulled on YouTube, with a few noticeable differences. YouTube and Twitter Are Seeing Similarities Twitter experienced a massive breach that saw the accounts of several individuals – including former president Barack Obama, his vice president Joe Biden, SpaceX and Tesla CEO Elon Musk and Microsoft executive Bill Gates – taken over by hackers who sought to promote a fraudulent bitcoin scam. They promised unsuspecting users that by sending their bitcoins to anonymous crypto addresses, they would have their funds doubled. However, this turned out to not be the case, and the hackers in question were simply looking to get their paws on money that wasn’t […]
August 5, 2020

3 Trading Strategies for the Crypto Market

One of the reasons the cryptocurrency space is seeing increasing interest is due to the crypto market. We are seeing an increasing number of individuals trading crypto in an attempt to generate consistent monthly returns from the market. The first step in being a profitable crypto trader is to have a strategy in place. In this article, we will take a look at some of the popular strategies that traders are using to gain an edge in the market. Arbitrage Arbitrage is by far one of the most popular trading strategies to use in the market. An important thing to note about the crypto market is that buying and selling cryptocurrencies can be done on a number of different exchanges. This means that the price of cryptocurrencies such as Bitcoin will often be different depending on the exchange that it […]
August 5, 2020

Bitcoin Cash Difficulty Algorithm Debate Heats Up With Fears of Another Chain Split

With a touch more than three months left until the next Bitcoin Cash upgrade, crypto proponents have been witnessing a new quarrel rise after last year’s contentious Infrastructure Funding Proposal (IFP). This time around, the tensions derive from the Difficulty Algorithm Adjustment (DAA) discussion which is a conversation about replacing the network’s current DAA. Every six months the BCH community plans for an upgrade and this coming November, a number of users are concerned about another chain split. There is a lot of infighting within the community at present and among BCH developers as well. The story allegedly derives from the DAA discussion, but there has been tension ever since the last quarrel over the IFP. A Difficulty Algorithm Adjustment (DAA) is basically an algorithm that adjusts the mining difficulty parameter. Bitcoin (BTC) adjusts the mining difficulty parameter every 2016 […]
August 5, 2020

A Newly Discovered Vulnerability in Ledger Wallet Could Be Disastrous If Not Properly Fixed

Ledger has failed to fully fix a major vulnerability that allows for a “Bitcoin Fork” attack.
August 5, 2020

Bloomberg: Bitcoin Is Stabilizing at 6x the Price of Gold

Bloomberg suggests that the price of Bitcoin is stabilizing at six times the price of gold, yet it contends that the asset is still undervalued.
August 5, 2020

Blockchain Bites: Square’s Revenue Surge, Eth 2’s Final Testnet, c-Lightning’s Latest Update

Square’s Bitcoin revenues increased 600% year-over-year and a blockchain-based voting system in Russia may have been hacked.
August 5, 2020

Ex-Wife’s Testimony Suggests Craig Wright ‘Defrauded’ Court, Kleiman Lawyers Claim

The legal team for the estate of David Kleiman said Ms. Wright’s submission cast doubt on the nature of the Tulip Trust at the heart of the lawsuit.
August 5, 2020

Bitcoin News Roundup for Aug. 5, 2020

With BTC pushing towards $12,000 and gold at record highs, CoinDesk’s Markets Daily is back for your crypto news roundup!
August 5, 2020

Pavel Durov Denies He’s Selling Telegram Following TON Failure

“We are not selling Telegram – neither in part, nor in full,” Telegram CEO Pavel Durov promises.
August 5, 2020

IRS Tax Warnings on Ethereum’s Fifth Anniversary

Since the time Ethereum was born, the crypto-tax landscape has dramatically changed, and that is where we are now.
August 5, 2020

Why Ukraine Is Ripe for Cryptocurrency Adoption

A relatively unstable state – with a technically sophisticated population – creates a fertile ground for crypto adoption.
August 5, 2020

Orchid: Bringing Decentralization to VPNs

Whenever we browse the web, read news online, or purchase a new pair of glasses from an e-commerce store, we leave traces. These traces sometimes show us content that actually provides us with value, but more often the information we leave is used in concerning ways with scandals like Cambridge Analytica just forming the tip of the iceberg. Fortunately, tools like VPNs allow everyone to easily gain more privacy and increase the security of their network connection. A VPN (a virtual private network) sends your data through an encrypted tunnel that cannot be accessed from outside. Initially especially used by companies to connect employers securely to the company network, nowadays VPNs are readily available to anyone. However, many VPNs are centralized services that themselves log and sell users’ data even while claiming not to, and that are vulnerable to being […]
August 5, 2020

Bitcoin Price Rebounds to $11.6K as VIX Is ‘Extremely Bullish’

A fresh surge for BTC/USD sees bears increasingly left behind as the weekend’s $1,200 drop gets almost canceled out.
August 5, 2020

How Blockchain Benefits From Artificial Intelligence

AI development and evolution can significantly improve blockchain tech and the crypto industry, from security to trading.
August 5, 2020

Bitcoin Price Rises 3% as Gold Trades Above $2K for First Time

Bitcoin is again acting like a macro asset, drawing bids amid record rally in gold and broad-based U.S. dollar sell-off.
August 5, 2020

Ethereum 2.0 and EOS Crossing Swords Over Scalability Supremacy

EOS has long been the most legitimate competitor to Ethereum, so what does the upcoming ETH 2.0 implementation hold?
August 5, 2020

Genesis Reports Q2 Crypto Loans Spiked 118% to $1.4 Billion Amid Rising Yield Farming Interest

Genesis Capital said Tuesday that its total number of loans outstanding more than doubled to $1.4 billion for the second quarter to June, up from $649 million three months earlier. The crypto lender, which targets institutional investors and wealthy individuals, added over $2.2 billion in new originations, an increase of 324% year-on-year. Since the launch of the business in March 2018, Genesis has originated nearly $8.4 billion in loans, the bulk of which are denominated in bitcoin (BTC) and cash. For the review quarter, BTC loans increased, accounting for 51% of the loan book total and fiat 32%. Cash-based loans have actually been in decline, falling from 36.6% the previous quarter. The decline may be the result of low volatility seen in the spot price of bitcoin during the April to June period, which made borrowing cash to buy crypto […]
August 5, 2020

tune.fm introduces new token protocol on Hedera Hashgraph

tune.fm today announced it has officially deployed to mainnet a new token protocol for Hedera Hashgraph. This protocol utilizes a sharding architecture that is necessary to scale token smart contracts on distributed public ledger provider Hedera Hashgraph. The token protocol architecture for the JAM token was designed to make it possible to scale token smart contracts on Hedera Hashgraph in a decentralized way A token on Hedera offers unique advantages like finality and fairness for consensus ordering, fast transaction time and consensus speed necessary for dApps, and low fee structure making micropayments possible. The JAM token is specifically built for micropayments for every second of music streaming so when the music gets played the artist gets paid. The JAM token is the cryptocurrency developed and used by tune.fm to allow listeners to support artists directly by simply streaming their music. Artists […]
August 5, 2020

First Mover: Ethereum’s Transition to Staking Could Push More Traders to Use Derivatives

As Ethereum starts its multiyear transition to a “staking” network, analysts say a reduction in token liquidity may push traders to derivatives markets. 
August 5, 2020

Coinbase Follows Huobi in Supporting .Crypto Domains-Based Payments

Coinbase Wallet now allows to register and store “.crypto” domains, featuring payments through domain handles instead of cryptographic addresses.
August 5, 2020

Virtual gaming world ‘The Sandbox’ to launch $3M token raise on Binance Launchpad

Binance Launchpad, Binance’s token launch platform for blockchain projects, today has announced support for its third project of 2020, The Sandbox––a community-driven gaming platform that will allow creators to monetize assets and gaming experiences on the blockchain. A token sale will be the next step for the company to raise funds after receiving a private round investment from Binance Labs. The anticipated Sandbox (SAND) $3M USD token sale on Binance Launchpad will follow a lottery-format ticket claim and start on August 13, 2020, at 06:00 am UTC (+0). The Sandbox team is building a unique virtual world where players can build, own, and monetize their gaming experiences using SAND, the main utility token of the platform, and Non-Fungible Tokens (NFTs). SAND holders will be also able to participate in the governance of the platform via a Decentralized Autonomous Organization (DAO), […]
August 5, 2020

Darknet Vendor and Pharmacist Charged With $270 Million Bitcoin Drug Trade

Two Costa Rican residents were charged for selling drugs worth $270 million on the darknet.
August 5, 2020

BnkToTheFuture Steps Away From Banks Citing Mounting Risk to Clients’ Assets

The online investment platform is moving clients’ crypto and fiat assets to a Hong Kong-based trust company.
August 5, 2020

Deregulating Crypto Could Spark More Speculation Says Japan’s FSA

“Deregulating Bitcoins and other cryptocurrencies may not necessarily promote technical innovation,” says Japan’s new top financial regulator.
August 5, 2020

Ethereum Transaction Fees Fall by 75% as Congestion Eases

Ethereum gas fees appear to be finally going down as activity levels fall from the highs of July.
August 5, 2020

Alleged 17-Year-Old Twitter Hack Mastermind Pleads Not Guilty

On Tuesday, during a court hearing in Hillsborough Circuit Court, the “mastermind” of the Twitter hack pleaded not guilty.
August 5, 2020

3 Bullish Signs That Overall Demand for Bitcoin Is Skyrocketing

Unique entities hit their highest weekly average since early 2018 as bullish network momentum snowballs.
August 5, 2020

Square Reports 600% Increase in Quarterly Bitcoin Revenue

Jack Dorsey’s Square has seen one of the largest quarterly increases yet for its bitcoin business.
August 5, 2020

Germany: Alleged Darknet Druglords on Trial for Bitcoin Narcotics Trade

The alleged dealers involved in Germany’s largest Bitcoin-enabled darknet narcotics marketplace will stand trial today.