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Researchers Found a Way to Catch Altcoin Pumpers and Dumpers Early
21.5.2020
While pump and dump groups can't manipulate prices of bitcoin (BTC) or other major cryptoassets, investors in small altcoins have a way to avoid such traps, according to a new research.
“The fundamental idea is to leverage the abnormal growth of so-called market buy orders, buy orders that are used...
Bitcoin and Altcoins Vulnerable to a Further Correction
21.5.2020
Bitcoin price made many attempts to overcome the USD 9,950 and USD 10,000 resistance levels, but it failed. As a result, BTC reacted to the downside and broke a couple of key supports near the USD 9,550 level. It has opened the doors for a downside correction towards USD 9,000 or even...
Someone Just Moved 50 Bitcoins, Prompting Speculations It's Satoshi Nakamoto
20.5.2020
50 bitcoins (BTC) (USD 477,500), minted in the first month of Bitcoin's existence and untouched for more than 11 years were moved today, prompting a wave of speculations that Satoshi Nakamoto "has awakened." However, multiple industry players denied that these coins were moved...
Chinese Communist Party Wants Members to Learn about Bitcoin + More News
20.5.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
The Chinese communist party has published a new book about digital currencies designed to educate party members...
Darknet Turns To Bitcoin Mixers As Exchanges Get Stricter
20.5.2020
The first three months of 2020 saw more bitcoin (BTC) sent by darknet entities to mixers, and less to verification-required exchanges, found Crystal Blockchain, a research arm of blockchain technology group Bitfury, indicating shady or criminal characters' preference for anonymous services.
Due...
Court Rules on What Japanese Exchanges Must Do with Hard Fork Tokens
20.5.2020
A ruling made by a Tokyo District Court – and unearthed by the CEO of Japanese crypto exchange bitFlyer – appears to suggest that exchanges are not legally obliged to transfer any cryptoassets generated by hard forks to their customers.
Per a series of tweets from bitFlyer CEO Yuzo Kano, a Tokyo...
Digital Yuan ‘Highly Likely’ to Be Comaptible with Alipay, WeChat Pay
20.5.2020
Experts in China and South Korea believe that China’s digital yuan will likely be interoperable with e-pay solutions like WeChat Pay and the Alibaba-operated AliPay, as well as a number of digital platforms used by major banks.
The People’s Bank of China (PBoC), the Middle Kingdom’s central bank...
Trezor Team Making a Bitcoin Wallet Chip to Disrupt Multi-M Dollar Industry
20.5.2020
SatoshiLabs, the manufacturer of the Trezor hardware wallet, has announced a new initiative, dubbed 'Tropic Square', the goal of which is to create open-source chips.
Tropic Square stands for 'TRuly OPen IC,' and is a new company built by SatoshiLabs founders Pavol Rusnák and Marek Palatinus...
Bullishness Spreads to Major Altcoins (Except XRP) in Wake of Bitcoin Halving
20.5.2020
Despite Bitoin’s (BTC) recent halving on May 11 diverting some of the attention, other major cryptoassets have also seen strong performance in the days following the event, with early signs now indicating that the bullishness in BTC may be spreading to the broader crypto market.
Following...
Bitcoin and Altcoins Preparing For Next Move
20.5.2020
Bitcoin price remained below the key USD 9,950 and USD 10,000 resistance levels. On the downside, there is a major support forming near the USD 9,550 level. Therefore, BTC seems to be preparing the next break either above USD 10,000 or towards USD 9,000.
Similarly, most major altcoins are likely...
Steem Drama Heats Up as Tron's Justin Sun Threatens Vitalik Buterin
20.5.2020
Vitalik Buterin, co-founder of Ethereum. Source: a video screenshot, edited by Cryptonews.com
Founder of Tron (TRX), Justin Sun, said he "will personally 100% sponsor anyone who was harmed by the DAO incident" and is seeking damages from Vitalik Buterin, Co-founder of the competing...
Bitcoin Mining Difficulty Drops More Than Estimated
20.5.2020
Starting today, mining Bitcoin (BTC) has become easier than in the end of April.
On Wednesday morning (UTC time), BTC mining difficulty, a measure showing how hard it is to compete for mining rewards, dropped by 6%, to 15.14 T, while a week ago, some analysts estimated a c. 2% drop. In April...
Remitano Adds Nigerian Naira Wallet with Instant Trade Feature
20.5.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Remitano, one of the most popular peer-to-peer cryptocurrency marketplaces in Nigeria, has added a fiat wallet for Naira (NGN).
This brand-new Naira fiat wallet will allow users (of Level 2 and above) who require...
Blockchain Can Trace Foods, But the Industry is Still Behind the Curve
19.5.2020
Michael Rogerson, PhD Candidate, University of Bath, and Glenn Parry, Professor of Digital Transformation, University of Surrey.
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Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery in Vietnamese fisheries to the persistent...
Hackers ‘Using Crypto Wallet Address-switching Malware’ + More News
19.5.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Security news
South Korea’s market-leading security software provider AhnLabs has warned of a new malware threat that alters crypto...
Bitcoin Mining Difficulty Adjustment Might Help Adjust Heavy Fees Too
19.5.2020
Source: Adobe/Яна Василевская
With Bitcoin (BTC) fees reaching new highs this year, the hammer that could knock it back down may be the imminent mining difficulty adjustment.
As reported, both Bitcoin and Ethereum (ETH) fees have been on the rise in the past week. According to Bitinfocharts.com...
Unfortunate May: BlockFi Suffers Breach, BitMEX Trading Engine Down
19.5.2020
Major crypto companies are still experiencing serious problems in May as BlockFi revealed that it suffered a data breach on May 14, while BitMEX Trading Engine went down today.
Crypto lender BlockFi said that the perpetrator attempted to make unauthorized withdrawals of client funds using...
Facebook Libra ‘Rival’ Celo Says its Mainnet Is Now Live
19.5.2020
Celo, a blockchain project that has been deemed as a competitor to Facebook’s Libra project, says its mainnet is now live, following almost three years’ worth of development.
The project’s operators stated that the mainnet’s Celo Gold (cGLD) stablecoin was now available for transfer after work...
Visa CEO Leaves Door Open for Libra Return, Says Bitcoin Is Commodity
19.5.2020
Alfred Kelly. Source: a video screenshot, Youtube, Business Live ME
Payments giant Visa has suggested that its foray into digital currencies is not over, and – although it is still distancing itself from cryptocurrencies – has admitted that it is open to the idea of returning to Facebook’s Libra...
Bitcoin Still Leaving Exchanges, OTC Deals May Play Part in It
19.5.2020
Following crypto’s infamous Black Thursday on March 12, the amount of bitcoin (BTC) held on exchanges has continued to decrease rapidly, and has now reached levels not seen since June last year. Recent “large” over-the-counter (OTC) deals may have also played a part in the drawdown.
The current...