Monthly Archives: June 2019

Mixing Service Bitcoin Blender Quits After Bestmixer Takedown

On May 27, cryptocurrency supporters learned that the anonymous BTC mixer Bitcoin Blender would be shutting down. The news follows the recent closure of Bestmixer.io after it was seized by global law enforcement. Also read: Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time Bitcoin Blender Bows Out Another popular bitcoin mixing platform is closing its doors, but unlike Bestmixer.io, Bitcoin Blender is doing so voluntarily. Last Monday, on the organization’s official thread on the Bitcointalk forum, the Bitcoin Blender admin, ‘Blender,’ told […]

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WEF Head of Blockchain Sheila Warren: ‘This Tech Can Solve the Trust Crisis’

The Head of Blockchain at the World Economic Forum claims that blockchain is a solution to the worsening trust crisis in the United States. Head of Blockchain and Distributed Ledger Technology at the World Economic Forum (WEF), Sheila Warren, claims that blockchain could be a solution to the worsening trust crisis globally. Warren made her comments during an interview with Cointelegraph on May 31. During the interview, Warren claimed that public trust towards governments, banks, media and institutions, namely in the U.S., is “rapidly eroding.” She then […]

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Bitcoin Price Approaches $8,600 as Top Cryptos See Slight Gains

Bitcoin approaches the $8,600 mark as top altcoins see moderate gains on the day by press time. Saturday, June 1 — most of the top 20 cryptocurrencies are reporting slight gains on the day by press time, as bitcoin (BTC) approaches the $8,600 mark. Market visualization courtesy of Coin360 Bitcoin is up just over 1% on the day, trading at $8,532 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 6%. Bitcoin 7-day price chart. Source: CoinMarketCap Recently released research […]

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US, Japan Top Sources of Traffic to Crypto Exchanges Globally: Study

The United States sees the most traffic to cryptocurrency exchanges, according to recent research. The United States is the top source of traffic to cryptocurrency exchanges globally, Cointelegraph Japan reported on June 1. The research was released by crypto news outlet The Block on May 31. The study shows that 24.5% of the total traffic directed to crypto exchanges originates in the U.S. Japan came in second, with 10% of the total traffic, while South Korea got about 6.5% and Indonesia about 4.5%. Still, as The Block […]

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Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time

Following the sentencing of Thomas White, the founder of the Silk Road 2 (SR2) marketplace during the first week of April, another SR2 administrator may evade prosecution. According to reports, SR2 admin Blake Benthall cooperated with global law enforcement and may only face fines for avoiding taxes. The news of the two SR2 admins’ sentences further aggrieved Ross Ulbricht’s family who believe there’s a disparity between their son’s double life sentence and others who have seen minimal charges. Also read: Silk Road 2 Founder Finally Sentenced 5 […]

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Does Kik Stand a Chance Against the Goliath of the SEC in a US Court?

Why Kik believes it has a case against the SEC in proving that “kin” isn’t a security. It’s difficult to fight progress. Although, if you’re the United States Securities and Exchange Commission (SEC), you can at least try, which could explain why the agency has so far refrained from producing clear and favorable cryptocurrency regulation. Since February 2018, the SEC has taken to consider all initial coin offerings (ICOs) as being securities. Meanwhile, in June 2018, SEC Chairman Jay Clayton proclaimed that the commission is “not going […]

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Samsung Galaxy S10 – What’s Up With the Crypto Wallet?

Samsung’s new flagship smartphone, the Galaxy S10, had one of the most anticipated premieres this year. The launch of the high-end lineup, comprising three models, marked the 10th anniversary of the Galaxy S series, considered a benchmark in the Android world. A slew of new features were introduced for the latest model. However, the one addition that sparked great interest in the crypto community – the Samsung Blockchain Wallet – is not available to many S10 users, and where it is included, it does’t store bitcoin. Also […]

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Choose Where to Buy Cryptocurrencies Using Exchangify

Purchasing cryptocurrencies often involves using the services of a digital asset exchange. Such trading platforms typically differ in terms of features, listed coins and supported fiat currencies. Exchangify.io is a website that can help you find the best option in your region. Also read: Cryptocurrencyalerting.com Will Notify You of Price Movements Website Selects Exchanges According to Your Criteria Exchangify is an online platform that ranks dozens of crypto exchanges by daily volume, area of operations, support for fiat currencies, available payment methods, and applicable fees. You can […]

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Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via crypto exchanges. United States-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges. The data was revealed in a Chainalysis webinar attended by Cointelegraph on May 30. A ransomware attack involves the infection of a target with malware and the demand of a ransom payment — frequently denominated in cryptocurrencies. The payment is demanded in return for the ostensible delivery of […]

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Biggest Heists in Bitcoin History and How They Were Pulled Off

Bitcoin’s history is rife with hacks and heists, sometimes resulting in six-figure bitcoin losses and businesses going bankrupt, unable to pay their customers back. A new video by Bitcoin.com explores the largest bitcoin heists in history and explains how each one was pulled off. Also read: How to Earn Bitcoin Cash Income Lucrative Crime With cryptocurrencies’ steep rise in value, heists have become increasingly lucrative for hackers. The biggest targets have so far been crypto exchanges with weak security measures. Since a large number of crypto users […]

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