Monthly Archives: May 2020

Zcash Researchers Discover Criminals Are Laughably Unskilled at Using Crypto

Rand Corporation unveiled a study that found a widespread lack of knowledge towards Zcash from dark web criminals. A study by Rand Corporation unveiled that people using Zcash for illicit or criminal purposes in the dark web may not fully understand the underlying technology. According to the 65-page report published on May 7, the US-based think tank and government contractor highlighted that criminals have doubts regarding the anonymity offered by Zcash. The research highlights that the governance of Zcash and its branding as compliant with AML/CFT regulations […]

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Telegram Founder Bashes US as a ‘Police State’ Amid Free TON Launch

Telegram founder says that the U.S. is no longer an attractive place for tech entrepreneurs. In a May 7 post, Telegram founder, Pavel Durov, calls the U.S. a “police state” and discourages entrepreneurs from moving their businesses to Silicon Valley. Perhaps exhausted by the legal battles around Telegram’s beleaguered token offering, Durov, berates the U.S. in his latest post “7 Reasons Not To Move To The [Silicon] Valley”. In the post, he criticizes it both as a place to do business and a place to live. The […]

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Bitcoin May Blow Past $100K By 2021, Morgan Creek CEO Says

Morgan Creek’s CEO said Bitcoin could fly past $100,000 over the next year or so. CEO of capital management giant Morgan Creek, Mark Yusko, said he sees Bitcoin’s (BTC) price shooting up by more than 1,000% as early as next year. If Bitcoin’s market cap achieves the same value as that of gold, Bitcoin could logically see  its price push past $100,000 at some point between 2021 and 2022, Yusko said in a May 6 interview with the Altcoin Buzz YouTube channel.  Yusko added: “I actually believe […]

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Bitcoin Still Needs 104 Years To Catch Up With NYC Subway

Bitcoin is still far behind the NYC Subway in one key metric. Despite zero downtime since its inception, Bitcoin (BTC), still has some catching up to do with New York City’s subway system. May 6 2020 was the first time in its 115-year history that New York City purposely shut off its main transportation artery. The downtime will allow workers to deep clean all transit cars in an effort prevent further spread of COVID-19. Subway Map Of Bitcoin Forks. Source: Bitcoin Magazine Meanwhile, Bitcoin has been clogging along […]

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Elon Musk and Joe Rogan Discuss Problems With Traditional Currencies

Tesla founder, Elon Musk, recently discussed current difficulties amid massive U.S. money printing efforts, but failed to mention Bitcoin’s inflation-proof model. In a recent interview with podcaster Joe Rogan, Elon Musk bashed inflation — a problem that Bitcoin fixes. Some of the current U.S. population sees the economy as an ever-flowing gift basket that will continuing providing essentials even while the country is shut down from its regular work flow, Musk told Rogan on May 7.  “This notion though, that you can just sort of send checks […]

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Billionaire Paul Tudor Jones Buys Bitcoin to Hedge Against Inflation

Paul Tudor Jones, the billionaire founder of hedge fund Tudor Investment Corporation, reportedly revealed that Bitcoin is part of his portfolio. Amid the ongoing coronavirus pandemic, inflation is collapsing all over the world. In order to hedge against the inflation risks, some billionaire investors are buying Bitcoin (BTC). Paul Tudor Jones, the billionaire founder of hedge fund, Tudor Investment Corporation, reportedly revealed that Bitcoin is part of his portfolio. “If I am forced to forecast, my bet is it will be Bitcoin.” According to a May 7 […]

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Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for Expansion

On May 7, the decentralized finance (defi) startup General Protocols revealed the team has raised over $1 million from investors. The creators of General Protocols have introduced innovative projects on the Bitcoin Cash network such as Anyhedge, and have also participated in helping forward the Bitcoin Cash Node (BCHN) project and Flipstarter.cash. The BCH community was pleased to hear that a startup dedicated to the Bitcoin Cash blockchain and decentralized finance (defi) has raised $1 million this week. The company called, General Protocols, is behind the Anyhedge […]

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Global Economic Crisis Spurs Crypto-Comeback, CEO Says

Blockchain incubator’s CEO says crypto is hot, even given current economic difficulties. Although coronavirus conditions have created global economic difficulties, cryptocurrencies could see growth amid the struggle, according to one blockchain incubator’s head. “Short-term: digital currencies suddenly look appealing,” Polyient Labs CEO Brad Robertson told Cointelegraph in a May 1 email. “If someone only looked back at the last two weeks, they might think ‘cryptocurrencies are back, baby,’” he added. Bitcoin has rebounded faster than mainstream markets Bitcon crashed in tandem with mainstream markets on March 12 amid […]

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How Does Halving Work: The Code Behind the Hype

Did Satoshi Nakamoto make a mistake in the Halving code? How does Bitcoin’s block halving work on an engineering level? We explain with help from Andreas Antonopoulos. In a recent video, Antonopoulos explained the Bitcoin Core code that controls the halving of the Bitcoin (BTC) block reward in detail. Bitcoin halving code. Source: Bitcoin Core Software. Line by line explanation Every time a Bitcoin block is evaluated or a new block is mined, the function GetBlockSubsidy gets called. Its purpose is to calculate the appropriate size of […]

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3 Technical Factors Point to a Bitcoin Price Correction After Halving

Bitcoin price has risen to $9,887 but is strongly overbought, increasing the possibility of a post-halving sell-off. The Bitcoin (BTC) price has seen a strong recovery to $9,887 since mid-March, rising by more than $6,000 within a span of two months. The rapid upsurge was caused in anticipation of the block reward halving that is set to occur on May 12. The halving will continue to be the main narrative around the Bitcoin price trend throughout the next two years, as it directly affects the supply of […]

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