Monthly Archives: March 2020

Binance Futures Hosts Trading Competition With Prize Pool Worth $1M

Major cryptocurrency exchange will offer a total prize pool of $1M in BNB tokens in their April trading competition. Cryptocurrency exchange Binance announced on March 25 that it will be hosting a trading tournament where participants could compete in teams and win a prize pool of up to $1 million in BNB tokens. According to the announcement, the tournament will take place between April 10 and April 25, and will take place in two ways: daily ROI and overall USDT team profit tournaments. Binance explains that all teams that […]

More info

April Fools Sees Toilet Paper Token in Short Supply on CoinMarketCap

Toilet Paper Token has surged over 1,000% in price as people flocked to the now-sold out asset. It’s April Fool’s day somewhere, or at least in CoinMarketCap’s neck of the woods, as the cryptocurrency data site saw massive volumes for new “Toilet Paper Token.” A website known for listing cryptocurrencies in order of market cap value, CoinMarketCap, listed Toilet Paper Token (TPT) as number “0” atop its list on March 31, showing a circulating supply of “out of stock.”    Although it’s still March 31 in some parts […]

More info

Survey Reveals 87% of IT Professionals Are Concerned With Cryptojacking

In its 2020 survey, Acronis revealed the growing concerns of cryptojacking and ransomware among IT experts. Singapore-based unicorn startup Acronis released its latest cybersecurity survey on March 31 today, highlighting that 86% of IT professionals are concerned about cryptojacking. According to the 2020 World Cyber Protection Week Survey, there is a growing fear among IT experts in the face of cryptojacking attacks, as the study shows that 30% of personal users and 13% of professional users wouldn’t know if their data or computer’s resources were modified unexpectedly, […]

More info

ConsenSys-Associated Agritech Project Covantis Officially Established

Covantis, a blockchain agritech project run by agribusiness giants like Cargill, is officially established in Geneva and appoints CEO. Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations. Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially established as a legal entity in Geneva after receiving all necessary regulatory approval. First tests are expected to be carried out in May 2020 According to a March 31 announcement, the company […]

More info

Binance Says Leveraged FTX Removal Comes After Confused Users Hodled Tokens

Binance explains that the removal of FTX leveraged token was the result of users holding tokens instead of trading them. Binance blamed customer confusion for its FTX leveraged token delisting, explaining that users held the tokens instead of trading them, which was the originally intended use case. “The leveraged tokens are not designed for long term holding, which is what we noticed users were doing,” a Binance representative told Cointelegraph in an email. “The tokens will devalue over time as prices go up and down.” The exchange […]

More info

Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report

As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner capitulation have become prominent topics among digital currency enthusiasts. Despite the trending discussions, Coinshares head of research Christopher Bendiksen published a study that says “[bitcoin] mining death spirals do not actually happen in real life” and the speculation is a “highly theoretical edge case.” Also read: ‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu Bitcoin Halving, Death Spirals, and Miner Capitulation After approximately 210,000 blocks are mined on BTC’s blockchain, the network’s […]

More info

French Soccer Star Claims Crypto Scam Impersonated Him

Soccer star Kylian Mbappé filed a complaint against an allegedly cryptocurrency scam network under investigation by French police. French international soccer striker Kylian Mbappé filed a complaint on March 31 for the unauthorized use of his name on a cryptocurrency scam network, which is being investigated by local authorities. According to the newspaper L’Équipe, the soccer player, who plays for Paris Saint-Germain, is being impersonated to use his name in advertising campaigns for the alleged scam that involves a cryptocurrency acquisition scheme. These advertising posts cited false […]

More info

Unofficial Iranian Telegram Applications Leak Data of 42M Users

As many as 42 million people in Iran purportedly used unofficial Telegram apps due to the messenger’s ban in the country only to have their data leaked. While Telegram isn’t giving up its ongoing legal battle with United States regulators to launch its TON blockchain project, some online perpetrators are taking advantage of the messenger’s popularity to expose millions of user records of third-party versions of Telegram app. Per an investigation by cybersecurity firm Comparitech and security researcher Bob Diachenko, at least 42 million Iranian “Telegram” usernames […]

More info

PayPal Is Hiring a Blockchain Strategy Director

Digital payments giant looks to hire a highly experienced person in charge of overseeing their blockchain-related strategies. Digital payments giant PayPal posted a new job listing on March 23, where the company seeks to hire an Anti-Money-Laundering (AML) and Blockchain Strategy director for their Global Financial Crimes (GFC) division. According to the company, the new director —based in New York — will be in charge of evaluating blockchain’s use cases for the prevention of financial crimes, such as money laundering and terrorist financing, to supervise the entire […]

More info

Today’s N95 Facemask Market Is Crazy, But It Helps Us Understand Crypto

Amid coronavirus fears, the current N95 facemask market resembles the wilder swings of the crypto space. Although the Wild West of crypto historically has involved scams, hype and price gaming, those descriptors are now tacked onto another industry — the N95 face mask market. “Scrutiny surrounding these deals is high because of ongoing scams and claims of price-gouging, both of which are triggering emotionally charged reactions and fear of making deals,” Forbes contributor David DiSalvo wrote in a March 30 article on the coronavirus pandemic-induced N95 face […]

More info
1 2 3 119