Monthly Archives: March 2020

In COVID-19 Stimulus, US Congress Eyes Digital Dollar to Send Aid to the Unbanked

Democrats in the U.S. House of Representatives look to a digital dollar to distribute stimulus payments in at least one version of the COVID-19 response bill. Amid contentious debate over the massive stimulus package in response to the coronavirus pandemic, Democrats in the United States House of Representatives look to implement the digital dollar to streamline payments to U.S. citizens outside of the traditional financial system. A digital dollar for direct payments to families  A draft of the legislation circulating as of March 23 proposes the creation […]

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Alongside Market Relief Package, US CFTC Warns of COVID-19-Linked Crypto Scams

The U.S. CFTC joins the list of global authorities warning the public against crypto scammers trying to capitalize on the widespread coronavirus fears. United States derivatives markets regulator, the Commodity Futures Trading Commission (CFTC), has joined the list of global authorities warning the public against cryptocurrency scammers trying to capitalize on the widespread coronavirus fears. In a statement issued on March 19, the CFTC highlighted that fraudsters commonly use major news events like the spread of COVID-19 in order to add credibility to their scam schemes or […]

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Celo’s Blockchain Accelerator Invites Devs to Compete for $25K

An open-source project will look to provide up to $25,000 in prizes to fund blockchain startups. Open-source project Celo is calling on blockchain innovators to participate in CeloCamp, an entrepreneurial initiative that seeks to highlight the potential of global financial inclusion, mass adoption of digital money and the acceleration of blockchain startups. With its new phase announced on March 20, the initiative is reportedly backed by more than 80 companies, venture firms, experts and individuals. CeloCamp aims to help decentralized technology entrepreneurs, speeding up their projects and […]

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Over 172 Million Weibo Users Personal Data Is For Sale on Dark Web

Personal data of over 172 million users of Chinese social media platform Weibo is for sale on dark web and it’s priced in Bitcoin. Chinese social media giant saw a massive data breach result in data of millions of users available for sale on the dark web.  According to a March 19 report from Chinese blockchain news outlet Jinse, basic account information of 172 million users was available, priced at 0.177 BTC.  The account information for sale included user ID, number of Weibo posts, number of fans […]

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Online Petition Asking for Ross Ulbricht’s Release Gathers 275K Signatures

A petition asking for Silk Road creator Ross Ulbricht’s release has gathered over 275,00 signatures. A petition calling on the White House to release Ross Ulbricht, the creator of the dark web marketplace Silk Road, has gathered more than 275,000 signatures. FreeRoss.org — an initiative created by a group of Ulbricht’s family, friends and supporters — has said that the momentum continues to grow and that they feel that a solution “could come soon.”  Through an update on the online petitions website released on March 19, FreeRoss.org […]

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Using Ransomware, Hackers Steal and Publish Medical Data of Firm Researching Coronavirus

Black hat hacker group Maze infected the infrastructure of a firm researching the coronavirus with ransomware, stole and published sensitive data. Black hat hacker group Maze has infected the infrastructure of a firm researching the coronavirus with ransomware, managing to steal and publish sensitive data. The hack of medical information Cybersecurity firm Emsisoft told Cointelegraph on March 23 that Maze group’s hackers compromised United Kingdom medical firm Hammersmith Medicines Research. The published data includes sensitive data on medical test volunteers such as id documents like passports, medical […]

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Matic Lets Us Scale More than Loom Network: Ethereum-Based VR Platform

Ethereum-based VR platform Somnium Space has moved from scalability solution Loon Network to Matic to scale better. Ethereum-based virtual-reality (VR) platform Somnium Space has moved from scalability solution Loom Network to Matic to enhance scaling. On March 23, Somnium Space said that it hopes the transition will allow it to achieve scalability and provide a superior user experience. The firm explained: “By implementing Matic’s high-performance Plasma-based sidechains, Somnium aims to solve any future issues around scalability and user experience such as high-throughput, fast confirmation times, and negligible […]

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MakerDAO’s Storm Has Passed, but Community Still Faces Tough Decisions

The auction to recapitalize MakerDAO is almost over as the Black Thursday crisis comes to an end, though complex governance issues remain unsolved. The MakerDAO (MKR) auction to recover DAI collateral debt is almost complete, though the procedure suffered some technical setbacks. The community largely remains optimistic about Maker’s handling of the situation, as many took the opportunity to scrutinize and fix other potential issues. The auction started on March 19 at approximately 10:30 AM EST with a somewhat uneventful kick off. Some of the people who […]

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Price Analysis Mar 23: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Bitcoin price remains range bound and several major cryptocurrencies are attempting to break above the overhead resistance levels. Traditional markets continue to post almost daily losses while Bitcoin price has been relatively range bound for the past week. At the risk of sounding repetitive, traders have to continue to focus on the events that are driving the various asset classes. The Coronavirus cases in Europe are not showing signs of flattening out and the number of cases in the US are surging at a rapid pace. This […]

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Crypto Exchanges Made a Killing During the Ides of March

While March 2020 has been one of the most volatile and unprofitable months for Bitcoin holders, exchanges profited greatly from this uncertainty. While March 2020 has been one of the most volatile and unprofitable months for Bitcoin holders, exchanges have benefited greatly from this uncertainty. March 12 selloff spike in volume The main source of revenue for crypto exchanges comes from trading fees, so on the days with heavy volume, they see an increase in their revenues. March 12, the day that Bitcoin lost 37% of its […]

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