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Russia Proposes Law That Criminalizes Buying Bitcoin With Cash, Offenders Face 7 Years in Jail
24.5.2020
Russian lawmakers have proposed new laws that seek to ban the use of bitcoin (BTC) and other cryptocurrencies in the country, local media reported. According to draft bills submitted by a group of deputies to the Russian parliament recently, individuals may face up to seven years in prison...
Cryptocurrency News From Japan: May 17 - May 23 in Review
23.5.2020
Bitpoint exchange briefed fiscal year losses, Binance donated masks to Japanese nursing homes, and more headlined news from Japan this past week
Iranian President Calls for Launching a Cryptocurrency Mining Strategy
23.5.2020
Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s...
Craig Wright Submits List of Bitcoin Addresses to the Court – Roster Contains Spent Blocks
22.5.2020
On May 21, 2020, the infamous Craig Wright, the man who claims to be Satoshi Nakamoto, submitted a list of blocks and bitcoin addresses to the court that stem from the alleged Tulip Trust. However, armchair sleuths and blockchain analysis shows that a few blocks recorded in Wright’s recently...
Illegal to Own Gold? Hedge Fund Manager Warns Governments May Ban Gold Ownership
22.5.2020
A well-known hedge fund manager has warned that governments may ban private gold ownership. He explained that central banks may attempt to demonetize gold, making it illegal for private individuals to own, as the authorities lose control of inflation amid the coronavirus-led economic crisis....
Bitcoin Hashrate Slides 33% Since Halving – Difficulty Drops, Issues in Sichuan China
22.5.2020
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% of the hashrate lost, reports stemming from Sichuan China indicate that...
Let’s Make One of Those Fancy Scrolling Animations Used on Apple Product Pages
22.5.2020
Apple is well-known for the sleek animations on their product pages. For example, as you scroll down the page products may slide into view, MacBooks fold open and iPhones spin, all while showing off the hardware, demonstrating the software and telling interactive stories of how the products...
Immunity Passports May Be Blockchain's Killer-App, Says Overstock CEO
22.5.2020
Overstock CEO Jonathan Johnson believes that COVID-19 Immunity Passports may be the killer-app to bring blockchain tech out of Bitcoin’s shadow
Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving
22.5.2020
Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million. Four days later,...
No Evidence ISIS Is Storing $300 Million in Bitcoin, Says Chainalysis
21.5.2020
Blockchain intelligence firm Chainalysis has dismissed claims ISIS is holding a $300 million bitcoin (BTC) war chest. In a “fact-checking” report, published on May 20, 2020, the U.S. company accused the media of sensationalizing allegations about BTC and other cryptocurrencies being...
Bitcoin News Roundup for May 21, 2020
21.5.2020
Spoooky! BTC saw a ghost Wednesday and scared the markets. It's CoinDesk's Markets Daily podcast
Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009
21.5.2020
On Wednesday, 50 bitcoin mined on February 9, 2009, was moved from the original address to a new address. The movement of coins caused a great commotion throughout the cryptocurrency community, as some individuals assumed it may have been the mysterious Satoshi Nakamoto. However, skeptics believe...
Bitcoin News Roundup for May 20, 2020
20.5.2020
Bitcoin's halving busted a lot of miners while Samsung adds blockchain e-gaming. It's CoinDesk's Markets Daily podcast
Hyperblock Bitcoin Mining Servers and Datacenter Infrastructure to Be Auctioned off in Public Sale
20.5.2020
Thousands of mining servers and all the datacenter infrastructure needed to operate them will be auctioned off in an upcoming public sale of Hyperblock’s property. The company has announced on Thursday, May 14, 2020, that its 20MW Montana, USA datacenter went offline and that it has ceased...
Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’
20.5.2020
On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases...
Grayscale Buys 33% of All Bitcoin Mined in Last Three Months
19.5.2020
Grayscale Investments bought up to 33% of all newly minted bitcoin over the last three months, as the asset manager continues to stockpile major cryptocurrencies. The investment fund added 60,762 BTC to its Bitcoin Trust Fund between February 7 and May 17, a researcher posted on Reddit....
BlockFi’s Data Breach May Allow Criminals to Extort Rich Clients
19.5.2020
BlockFi disclosed a data breach that potentially leaked physical addresses and account activity of its customers, highlighting the risks of KYC finance platforms
Bitcoin News Roundup for May 19, 2020
19.5.2020
BTC hits a golden cross while hackers break into COVID-19 researching supercomputers. It's CoinDesk's Markets Daily podcast
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...
Bitcoin’s Impending Golden Cross May Bolster Bulls: Analysts
19.5.2020
Bitcoin's price uptrend could gather pace following the confirmation of the golden crossover in the next few days