Monthly Archives: February 2020

Crypto Crime Doubled in 2019, but Still Under 1% of Transactions

Cryptocurrency darknet proves to be resilient in a new report, yet over 99% of cryptocurrency transactions are legal. It’s a new decade with an old problem for law enforcement officials: How do you stop cybercriminals from stealing billions of dollars in cryptocurrency and using it for illicit purposes? These kinds of criminal activities range from selling illicit drugs, firearms, documents, identities and ransom schemes, to flat out stealing assets — more than $40 billion was noted as fraudulent in the first nine months of 2019, according to […]

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Crypto Is ‘Hot’ Right Now as Traders Explain Price Moves

Two Crypto traders are optimistic on recent market price moves, with possible further upside to come. Beginning a rally at the start of 2020, Bitcoin (BTC) and the rest of the crypto market continue to fly upward, showing little signs of slowing down. The “crypto market is hot right now, and what stands out to me the most is that there are plenty of altcoins that are still running even with the strength $BTC is displaying right now,” CNBC crypto trader and Twitter personality BigCheds told Cointelegraph […]

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New Canadian Dollar-Pegged Stablecoin QCAD to be Regulated by FinTRAC

Major Canadian investment fund manager 3iQ and blockchain firm Mavennet co-launched a new regulated stablecoin pegged to the Canadian dollar. Major Canadian investment fund manager 3iQ and blockchain firm Mavennet co-launched a new regulated stablecoin pegged to the Canadian dollar (CAD). Developed by Canada Stablecorp, a joint venture between 3iQ and Mavennet, QCAD is the latest CAD-based stablecoin and was officially launched on Feb. 11. QCAD total supply accounts for about 150,000 CAD at the launch Based on the Ethereum blockchain, QCAD implements popular token standard ERC-20 […]

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CME’s Chief Economist Echoes Pomp’s Views on BTC as Hedge

CME’s chief economist said he now sees Bitcoin as a portfolio hedge, which is a thought train Anthony Pompliano has led for years. Mainstream financial entities are beginning to see Bitcoin (BTC) as a non-correlated asset, a concept Morgan Creek Digital Co-founder Anthony Pompliano has been promoting for over a year.  “If Bitcoin is not likely to correlate to economic factors, or to traditional equities and fixed income securities, then Bitcoin could serve as a portfolio diversification tool,” said chief economist at the Chicago Mercantile Exchange Bluford […]

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Blockstack Pauses App Mining Pilot Due to Challenges in Running Program

Privacy-centric computing network and app ecosystem Blockstack has paused its App Mining pilot due to a range of challenges. Privacy-centric computing network and app ecosystem Blockstack has paused its App Mining pilot due to a range of challenges. Rolled out in 2018, the App Mining project is designed to incentivize developers to build apps on Blockstack. Although the startup has ostensibly seen a healthy app growth throughout 2019 — from 46 to more than 400 apps so far, — it admitted an array of challenges in running […]

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PlusToken Scam Moves $123M in Bitcoin Just as BTC Price Regains $10K

Bitcoin price enters what could be a brief consolidation phase but traders are keeping a sharp eye on the approaching weekly close. As Bitcoin (BTC) and Ether (ETH) price rallied to new 2020 highs on Feb. 11, a large transaction totaling nearly 12,000 BTC was moved from a wallet associated with the PlusToken Ponzi scheme.  Twitter-based crypto transaction bot, WhaleAlert, noted that “12,000 #BTC (118,852,619 USD) transferred from unknown wallet to unknown wallet.” This transaction was later followed by a second transaction splitting the 12,000 BTC into […]

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SEC Commissioner CryptoMom Explains Planned ICO Safe Harbor to Cointelegraph

SEC Commissioner Hester Peirce aka CryptoMom tells Cointelegraph about her hopes for her new safe harbor proposal for cryptocurrencies in decentralized networks. Commissioner Hester Peirce of the United States Securities and Exchange Commission is known for her work on the regulator’s approach to crypto, enough to have earned the moniker “CryptoMom.” On Thursday, Feb. 6, she presented a new proposal looking to build a safe harbor for networks in their infancy seeking to avoid classification as securities. On Feb. 10, Cointelegraph got the chance to speak with […]

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How to Red Flag Scams: Bitcoin Doubler Club, Cryptomia247, Mining Cheap, Orelex, and Wintrust

Last week’s news.Bitcoin.com post warning about common bitcoin scams like “The Bitcoin Code” elicited a plethora of comments and suggestions from readers, asking about and reporting other platforms and services claiming to provide bitcoin investment opportunities. This article examines some of these, and most importantly seeks to provide readers with basic tips for recognizing the general MO of these scam sites before their wallet is SOL. Also Read: Don’t Invest in Bitcoin Code, Bitcoin Doubler or Bitcoin Trader – They Are All Scams How to Spot a […]

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CIA Has Had Keys to Global Communication Encryption Since WWII

Through Crypto AG, the U.S. government has spied on the world for more than half a century, proving the need for private crypto and blockchain solutions. As the crypto and blockchain space investigates seemingly private solutions for payments and messaging, the U.S. Central Intelligence Agency, or CIA, has had the backdoor to one of the world’s major encryption systems since World War II.  Beginning in WWII, Swiss company Crypto AG operated as a seemingly neutral party that developed encrypted communications solutions for over 120 different countries over […]

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Central Bank Digital Currencies Are Good for Bitcoin, Barry Silbert Says

Central bank digital currencies would positively impact non-central bank crypto like Bitcoin, Grayscale Investment CEO Barry Silbert believes. Bitcoin (BTC) would benefit from global central banks issuing their own cryptocurrencies, the founder at the world’s largest digital asset manager believes. Barry Silbert, founder and CEO of digital currency asset manager Grayscale Investments and blockchain venture capital firm Digital Currency Group (DCG), has again expressed his bullish stance on Bitcoin in the latest Grayscale investor call on Feb. 12. During the call titled “The State of Digital Currencies,” […]

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