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Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion
14.7.2020
Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million worth of bitcoin (BTC), on average, was traded on the platform every month between...
Deposition of Craig Wright’s Wife Shows Little Understanding of Bitcoin Private Keys
13.7.2020
According to a court filing on June 30, the Kleiman v. Wright case has postponed the jury trial until October 13 in the Miami Division courthouse. Meanwhile, a deposition stemming from Craig Wright’s wife, Ramona Watts, shows that she has little understanding of how Bitcoin works after being...
Youtube Helps Scammers Steal $130,000 in Bitcoin From Investors Daily: Report
13.7.2020
Scammers raked-in $24 million in bitcoin during the first six months of 2020, according to a new report from crypto monitoring service Whale Alert. Cyber-thieves are finding it very easy to fool people of their bitcoin (BTC} because their schemes have become believably professional and aggressive...
Chinese Authorities Confiscate $15 Million in Cryptocurrencies, Arrest 10 Scammers
11.7.2020
Chinese authorities have seized cryptocurrencies worth about $15 million while bringing down a scam involving fake Huobi tokens. In addition, ten people were arrested while luxury cars and real estate were confiscated. The police in the Chinese city of Wenzhou, Zhejiang province, have cracked...
‘Bitcoin Is Not a Privacy Coin’ Says Crypto Evangelist Andreas Antonopoulos
9.7.2020
Andreas Antonopoulos discussed how he desired to see Bitcoin have more “privacy features” in a recent live stream Q&A session published on Youtube on July 7. Antonopoulos discussed the privacy-centric coin monero and concepts like stealth addresses and ring signatures. Every once...
Jeffrey Epstein Confidant Ghislaine Maxwell’s Last Reddit Post Was About Bitcoin
8.7.2020
The cryptocurrency community has been discussing the infamous Ghislaine Maxwell, the associate of the financier and convicted sex offender Jeffrey Epstein. Maxwell was recently arrested and many speculators think she may see the same fate as Epstein before she talks. Moreover, it seems the last...
About 90% of Bitcoin Investors Worried About Fate of Their Assets After Death: Study
8.7.2020
Nearly 90% of cryptocurrency investors worry about what will happen to their assets after they die, but few plan appropriately. Younger investors are particularly culpable, barely thinking beyond their own lives. According to a new study by the Cremation Institute, only about one quarter of bitcoin...
Bitcoin Price Poised for ‘Imminent’ Breakout As Network Hashrate Hits Record Highs
8.7.2020
The price of bitcoin could see an ‘imminent’ breakout, according to the latest Glassnode data. The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity. Meanwhile, the BTC network hashrate has continued to grow, with the seven-day...
Bitcoin.com Wallet Launches New Portfolio Breakdown and Stablecoin Swap Features
7.7.2020
With over 11 Million Bitcoin.com Wallets created, we’re building new features our users need most in order to enjoy the best possible cryptocurrency experience. Our wallet’s latest features now provide seamless swaps between bitcoin (BTC), bitcoin cash (BCH), and the stablecoin...
Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-Off
6.7.2020
The cryptocurrency data analytics and research company, Skew has warned that bitcoin could see a massive sell-off due to declining volatility. The data analytics firm says that bitcoin (BTC) realized volatility hit 20% over the past 10 days – it’s the lowest 10-day reading in nearly...
Food and Cash Shortages Push Cubans Toward Permissionless Cryptocurrencies
5.7.2020
The Nation of Cuba is dealing with a national food crisis, as Venezuela has stopped offering aid to the small island nation. Moreover, the coronavirus outbreak has caused a shortage of cash couriers called “mules” and everyday items are becoming scarcer. Amid the crisis, a number...
4th Amendment Does Not Protect Bitcoin Data, US Fifth Circuit Court Rules
5.7.2020
A Fifth Circuit panel of judges recently ruled that Fourth Amendment rights do not apply to cryptocurrency transaction data that stems from an exchange. The U.S. court ruled against the defendant, Richard Gratkowski, who attempted to leverage the Fourth Amendment in an appeal. According to...
Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments
4.7.2020
More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex. The company explained that the system was tested with a number of select A1 5Gi network shops. Since the Covid-19 outbreak, contactless payments have been trending more so than they...
Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply
2.7.2020
A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving...
‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network
2.7.2020
During the last few days, a number of cryptocurrency supporters have been discussing Paul Sztorc’s Drivechain project, also referred to as “Drivenet.” The Drivechain project has been a work in progress for years now, and just recently Sztorc published a new version of the Drivenet...
Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs
1.7.2020
During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than before. The lower price has affected […]
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US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain
30.6.2020
U.S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. The miners will...
Bolstering Separation of Money and State Following the 244th Independence Day
28.6.2020
With the fourth of July approaching, many Americans will have to contemplate whether or not the holiday is an empty affair. After the last thirteen weeks of Covid-19 lockdowns, business shutdowns, and police brutality, the lack of liberty and freedoms in the U.S. has never been more apparent. With...
Popular Analyst Reveals New Bitcoin Pricing Model: Prediction Suggests ‘Bullish Run a Month Away’
27.6.2020
The popular bitcoin analyst Willy Woo told his 132,000 Twitter followers that he’s working on a new pricing model that suggests a bull run is imminent. In fact, Woo says the model suggests bitcoin is close to “another bullish run” with “maybe another month to go.”...
Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain
26.6.2020
Decentralized finance (defi) applications on the Ethereum chain have been growing wildly during the last two years. Now a number of synthetic versions of bitcoin, that leverage the Ethereum chain, has outpaced offchain solutions like Blockstream’s Liquid and the Lightning Network. Just...