Monthly Archives: November 2019

Netherlands: Police Arrest Founder of Blockchain Startup That Raised Over $80M

Dutch police have arrested the founder of blockchain game development startup Komodore64 who allegedly raised 78 million euros ($86 million) from investors. Dutch police have arrested the founder of blockchain game development startup Komodore64 that allegedly raised 78 million euros ($86 million) from investors, business-focused news outlet Sprout reported on Nov.  Komodore64 — which launched in June with the objective to create a game platform where transactions are tracked on blockchain — appeared to be a fraudulent scheme that deceived both investors and its own employees. The […]

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Alibaba Partners with Lolli to Allow US Shoppers Earn ‘Free Bitcoin’

Alibaba partnered with Bitcoin rewards shopping app Lolli, enabling its shoppers in the U.S. to earn 5% back in Bitcoin. Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, enabling its shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,” Lolli says. World’s biggest retailer and biggest one-day shopping event The partnership was announced on Singles Day, a shopping holiday that is celebrated […]

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Price Analysis 11/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin is at a critical level. Will it bounce off the current level or plummet below it? Let’s analyze the charts. The crypto markets are going through a phase of uncertainty with several cryptocurrencies failing to show a firm trend. This is because the markets lack a catalyst that can either pull prices higher or plunge them lower.  However, a developing catalyst could be the launch of the China-backed central bank digital currency (CBDC). Jack Lee, a founding partner at HCM Capital, believes that China’s central bank […]

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Generation QE: How Central Banks Create Money From Thin Air

This year the public has seen a lot of the expansive monetary policy taking place with 37 central banks participating in monetary easing. Unfortunately, most people don’t understand the methods central banks like the Federal Reserve use to increase the money supply and never take the time to understand the process. The following is an in-depth look at how the Federal Reserve or any central bank “prints money” by adding credit to banks’ deposits, lowering the fed funds rate target, and using large-scale open market operations to […]

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Airbnb Now Bookable With Bitcoin and Lightning Network via Fold App

Bitcoin can now be spent to book housing at Airbnb via Fold app gift cards alongside other big-name retailers such as Amazon, Starbucks and Uber. Bitcoin payments app Fold now supports home-sharing giant Airbnb, the firm announced on Nov. 11. Now Fold users can get 3% back in Bitcoin (BTC) on every stay and experience booked on Airbnb. $25 and $100 Airbnb gift cards for Bitcoin Airbnb is now listed on its rewards program called Fold Kickbacks. The program supports Bitcoin’s second layer Lightning Network (LN) allowing […]

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Bitcoin Price: On-Chain Metrics Pour Cold Water on Bearish Bias

The latest dip below $9,000 has traders turning bearish once again, but a closer look at some key on-chain metrics paints a bullish picture for BTC price. Bitcoin price (BTC) has taken a bearish course, leading some analysts to call for a drop to $8,300 and a few even suggest $7,100 is where the digital asset will bottom. Over the weekend, the price attempted to recover from the dip to $8,600 and a quick pop to $9,141 excited investors looking for the digital asset to return to […]

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ArQmA (ARQ) Has Forked to a New RandomARQ and Results Are Interesting

We have already mentioned the plans of ArQmA (ARQ) to fork to a new RandomX-based algorithm called RandomARQ and that has happened a few days ago and we have tried CPU mining the new algorithm. Since it is based on RandomX we expected to see significant advantage for the latest AMD’s Ryzen CPUs like we’ve seen with RandomX and some other variants of the algorithm used by other projects. To our surprise however Intel’s multi-core processors are actually not that far behind in terms of performance (a […]

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Cryptotag Zeus Bulletproof Titanium Crypto Hardware Wallet

Securely storing your private wallet key is possible in a lot of ways and we are seeing new and cool ways to do that all the time. Cryptotag’s Zeus titanium crypto wallet for offline storage of private keys is just one of these examples. It is a 6mm thick bulletproof Titanium plate where you engrave your recovery seed making it practically indestructible even in extreme conditions such as a fire or a flood that can easily destroy paper wallet backups for example. Cryptotag’s Zeus crypto wallets are […]

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Dutch Court Orders Facebook to Remove Fake Bitcoin Ads

A Dutch court has ruled that Facebook must remove crypto-related fraudulent investment ads after television producer John de Mol filed a lawsuit against the company. A Dutch court has ruled that Facebook must remove Bitcoin (BTC)-related fraudulent investment ads following local billionaire and television producer John de Mol’s lawsuit against the company, Reuters reported on Nov. 11. De Mol initiated judicial proceedings against the social media giant in June 2019, claiming that Facebook failed to respond to multiple requests to remove ads of a scam that misused […]

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Chinese Forex Regulator SAFE Expands Blockchain Cross-Border Pilot

Chinese regulator State Administration of Foreign Exchange expanded its blockchain cross-border financing pilot program. Chinese regulator State Administration of Foreign Exchange (SAFE) expanded its blockchain cross-border financing pilot program. Local news outlet GlobalTimes reported on Nov. 11 that the system now covers 19 provinces and cities, up from nine. The development is unsurprising given that at the end of October SAFE deputy head Lu Lei said that there are plans to use blockchain and AI in cross border financing with particular attention devoted to risk management applications. […]

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