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Government to Airdrop $9 Billion in Free Money to 7 Million Hong Kong Residents
28.2.2020
The government of Hong Kong has decided to airdrop about $9 billion in free money to an estimated 7 million residents in the troubled Chinese territory. From a global perspective, this can be seen as a desperate move to stimulate the local economy while the coronavirus outbreak is hitting markets...
SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin
28.2.2020
The U.S. Securities and Exchange Commission (SEC) has charged actor Steven Seagal for unlawfully promoting a cryptocurrency investment scheme claiming to be “the next generation of bitcoin.” Seagal failed to disclose that he was being compensated in cash and crypto by Bitcoiin2gen,...
Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit
27.2.2020
On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster...
Bitcoin News Roundup for Feb. 27, 2020
27.2.2020
With the price of bitcoin falling sharply, Markets Daily is back with another time-saving news roundup
UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection
27.2.2020
Epayments, one of the largest payment providers in the U.K., has halted operations after the Financial Conduct Authority (FCA) suspended the company for “weaknesses” related to its anti-money-laundering (AML) process. Since Epayments shut down on February 11, customers have been...
Ethereum's Buterin Finds Bitcoin's Stock-to-Flow Model Useless
27.2.2020
Vitalik Buterin, co-founder of Ethereum. Source: a video screenshot, edited by Cryptonews.com
Ethereum (ETH) co-founder Vitalik Buterin has no love for the stock-to-flow model when it comes to predicting the price of the world's most popular cryptocurrency, bitcoin (BTC). But some believe this...
Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors
27.2.2020
A court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation. Ripple tried to avoid the case with...
Bitcoin Finds Support at Key Level After Massive Long Liquidations
27.2.2020
Source: iStock/dima_sidelnikov
After a sharp market sell-off caused a flurry of long liquidations over the past 24 hours, both bitcoin (BTC) and several other major cryptoassets found support Thursday morning as the number one cryptocurrency bounced off a key level in the chart.
As of press time...
Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls
27.2.2020
Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government...
The Bull and Bear Case for Investing in the Top 20 Cryptocurrencies
27.2.2020
Should you buy bitcoin or bitcoin cash? Does tezos have further room to grow? Is monero a long-term hold? There are no absolute answers to these questions and no crystal ball to determine which crypto will pull a 5x before the year’s out. Based on fundamentals alone, however, here are some...
Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List
26.2.2020
On Wednesday, the “Hurun Global Rich List,” a ranking of the wealthiest individuals, published its 2020 report that notes the world saw 346 new billionaires last year. This year’s list also includes six blockchain entrepreneurs who made the Hurun Global Rich List through...
Raising $100K for Cashfusion’s Security Audit, Bitcoin.com Matches Donations to Improve BCH Privacy
26.2.2020
Bitcoin.com is a proponent of privacy and we have been monitoring Bitcoin Cash projects like Cashshuffle and Cashfusion closely. Last March, Cashshuffle was officially released after a security audit from Kudelski Security, and since then millions of dollars worth of BCH have been shuffled. Our...
Bitcoin Mining Difficulty Slips For the First Time in 2020 + More News
26.2.2020
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.
Mining news
After five consecutive increases, the Bitcoin mining difficulty dropped by 0.38% on February 25, and is estimated...
Ukrainian Policeman Arrested after Demanding Bitcoin Bribe
26.2.2020
An officer in a cyber-division of the police force in Zhytomyr, Northern Ukraine, has been placed under arrest by the Security Service of Ukraine (SBU) after allegedly demanding a bribe of USD 5,000 in bitcoin. The policeman was investigating a resident of the city who was being investigated...
Bitcoin in INR: Binance, Wazirx, Cashaa, Zebpay Announce New Offers for India
26.2.2020
Several cryptocurrency exchanges in India have recently stepped up their offerings as they wait for the supreme court’s decision on the RBI ban. Binance and Wazirx have made some improvements to their platforms, Cashaa is waving some fees, and Zebpay has announced zero fees on a trading pair...
Bitcoin Dominance Surges as Altcoins Extend Sell-Off
26.2.2020
After nearly all cryptoassets fell yesterday, leading to bitcoin’s safe-haven status being questioned in the community, a fresh wave of selling again hit the market on Wednesday. This time, it’s the altcoins that are taking the worst hit.
As of press time on Wednesday (10:30 UTC), bitcoin (BTC)...
Coinbase Wallet Adds Support for Short and ‘Human-Friendly’ Cryptocurrency Addresses
26.2.2020
One of the scariest features of transacting with cryptocurrency, for many new users, is correctly inputting the long hexadecimal addresses involved. Various individual projects and larger collaborations have tried to tackle this anxiety-inducing issue in different ways, so that bitcoin adoption...
Bitcoin and Altcoins Are Plunging And Remain At Risk
26.2.2020
Yesterday, we saw the start of a fresh bearish wave in bitcoin below the USD 9,650 support. Later, BTC/USD gained bearish momentum and it traded below the USD 9,550 and USD 9,200 support levels. The next key support is near USD 9,050, below which there is a risk of a sharp decline.
Similarly, there...
Next Step Mobile Surveillance: How You Walk, Your Heartbeat – Why Bitcoin Matters to Combat Government Privacy Invasion
26.2.2020
It may sound like something from a dystopian cyberpunk movie, but payment providers could soon be validating transactions by the way users walk, their heartbeat, veins, and more. Mastercard has recently revealed they “have been testing heartbeat, vein technology, and the way people walk...
Wikileaks Gathers $37M in BTC Since 2010 – Over $400K Sent After Julian Assange’s Arrest
26.2.2020
The world was shocked when Wikileaks cofounder Julian Assange was arrested in April after being cooped up in the Ecuadorian Embassy in London since 2012. Following his arrest, the original Wikileaks bitcoin address saw significant support as $32,000 worth of BTC poured into the wallet in two days....