Monthly Archives: March 2020

US Woman Funding ISIS With Bitcoin Gets 13-Year Jail Sentence

U.S. ISIS supporter gets 13-year sentence for funding the terrorist organization using cryptocurrencies including Bitcoin back in 2017. A United States federal court has sentenced a U.S. citizen to 13 years in jail for laundering money for ISIS using Bitcoin and other cryptocurrencies. Per a Department of Justice announcement on March 13, Zoobia Shahnaz of Long Island received a 13-year sentence for working to fund the Islamic State of Iraq and al-Sham through cryptocurrency payments amounting to over $150,000. She also worked to move to Syria to […]

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ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao

The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s undercollateralizition was also blamed on price oracle discrepancies. Also read: The 35 Most Influential Bitcoiners Dominating Crypto Twitter by Follower Count Makerdao Community Deals With Black Swan Event The Makerdao project and the stablecoin DAI have been extremely popular over the last 12 months. The total […]

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Bill Gates Departs Microsoft Board After Pledging $1.4M to African Blockchain

The co-founder is making more time to pursue philanthropic efforts. According to a press release, software developer, philanthropist, and Microsoft co-founder Bill Gates will depart the company’s board. Now 64 years old, the business magnate started Microsoft alongside Paul Allen in 1975. The company is surely most known for its Windows computer operating system, which was first released in 1985 and remains as vital as ever today. Microsoft announced a blockchain token and data management service at the end of 2019 that would be a new tool […]

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Wilshire Phoenix CEO Explains $168B US Fed Injection and Crypto Correlation

Wilshire Phoenix CEO Bill Herrmann sees the Fed’s latest capital injections as tiny, meaning Bitcoin is even smaller. The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price. “So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO of alternative investment firm Wilshire Phoenix told Cointelegraph as part of an explanation of the Fed’s recent actions. What’s going on in the market? Traditional markets have plummeted recently surrounding coronavirus fears […]

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Bitcoin Mempool Briefly Drops to Zero on Blockchain.​com

Major blockchain data supplier Blockchain.​com apparently experienced a system glitch as its Bitcoin mempool tracker briefly dropped to zero. Major crypto wallet service and blockchain data supplier Blockchain.com has apparently experienced a system glitch, as its Bitcoin (BTC) mempool tracker dropped to zero earlier today. After indicating a significant surge of unconfirmed Bitcoin transactions on March 13, the mempool chart on Blockchain.com saw a steep drop from 32 megabytes (MB) to zero. As of press time, the chart has recovered to around 30 MB. Seven-day chart of […]

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OKEx Undergoes Maintenance, Becomes Top BTC Futures Exchange

OKEx completed maintenance to find its trading volumes increased and the platform became the top Bitcoin futures exchange. OKEx completed a short maintenance yesterday at a time of great volatility in the cryptocurrency market. The exchange also just recently overtook competitor BitMEX and became the top Bitcoin futures trading platform. On Mar. 12, OKEx announced that the platform would be down for system maintenance starting at midnight UTC for about half an hour. Later the same day, the exchange announced that trading activity had resumed. The maintenance […]

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Two Italian High Schools to Issue Digital Diplomas With Blockchain

Two high schools in Italy will start using blockchain technology to issue diplomas. Two Italian high schools will begin issuing unchangeable and easily shareable digital diplomas with the Ethereum’s blockchain public technology. The measure, as reported by Cointelegraph Italia on March 12, seeks to make the entire process of issuance and traceability transparent, but above all, to solve a long-standing problem in the country: fake diplomas. The mentioned schools are located in Rome and Crotone. The licei internazionali di Villa Flaminia in Rome will rely on a […]

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As Ether Price Drop Pressures DeFi, Developers Remain Confident in its Success

Maker’s loss of more than $5 million over a technical issue raises questions on the stability of the DeFi ecosystem, as a string of attacks threatens Ethereum. Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series of hard blows to decentralized finance (DeFi) projects, some are wondering if the ecosystem can defend itself from collapse. Cointelegraph contacted a variety of industry experts and DeFi stakeholders to hear their […]

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Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks

Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group, which has been in the business for some time, welcomes the changes that introduced licensing to the sector. Starting from Jan. 1, 2020, banks and other institutions are allowed to store and manage clients’ crypto assets. Also read: Bitcoin Is Financial Instrument, […]

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Price Analysis Mar 13: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

The crypto markets are attempting a relief rally but are struggling to sustain the higher levels. This shows that selling is not over yet. Capitulation occurs when traders are scared. On March 12, most asset classes witnessed a massive selloff with no place to hide. Even gold declined 3.17%, which shows that the traders sold everything in their portfolio. The coronavirus pandemic has created a state of panic because it does not have any treatment and spreads quickly. As a result, large cities and in some cases, […]

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