Monthly Archives: May 2020

The Halving Looms, Wright Plagiarizes, & Miners Face Serious Difficulties: Bad Crypto News of the Week

Check out this week’s Bad Crypto News. Only a few more days to go now before the halving! Less than a week and all those miners will be taking a giant pay cut. And it comes after a great week for Bitcoin. The price has risen by more than 6 percent over the last seven days and is now getting close to five figures again. Will the price fall when the returns decline? It’s not clear. Previous halvings have triggered declines that took months to recover from […]

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Looks Like the Loom Network Has Thrown in the Towel

Available information seems to indicate that Loom’s future is shaky. According to available information at press time, sources show a highly uncertain future for the Loom Network, a platform-as-as-service blockchain project. Cointelegraph investigated a number of Loom Network communication channels, finding no firm proof of a live project.   A May 8 tweet from Bruno Skvorc, owner of blockchain and cryptocurrency education platform, Bitfalls, led Cointelegraph staff down an investigative rabbit hole into the project’s current status. Loom no longer has an active Telegram, Reddit, or blog. The […]

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Chinese Court Rules Bitcoin Is Asset Protected by Law

A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, from an American. The defendants argued that bitcoin was not recognized under Chinese law; the court disagreed, citing documents by the central bank, the People’s Bank of China (PBOC). In China, Bitcoin Is Asset Protected by Law Shanghai No.1 Intermediate People’s Court has reportedly ruled on a bitcoin case […]

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Kik’s Drama With The SEC May Soon Be At An End

The SEC has proposed a summary judgment that it hopes will conclude the regulator’s lengthy battle with Kik over the firm’s 2017 ICO. A new round of documents have been filed in the lengthy dispute between the United States Securities and Exchange Commission, or SEC, and Kik Interactive Inc. over the messaging company’s 2017 initial coin offering, or ICO. Both parties are seeking summary judgment, with the SEC submitting a proposed order that it hopes the court will sign. However, Kik is confident that the judge will […]

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Cryptocurrency News From Japan: May 3 – May 9 in Review

Multiple exchanges posted positive fiscal year end numbers, a self-regulatory agency listed crypto asset market price references, and more headlined news from Japan this past week This week’s headlines from Japan included Taotao exchange revealing positive first year numbers, the Japan Crypto Trading Association unveiling crypto asset market rates, Coincheck announcing recent positive fiscal year totals, and Cointelegraph diving into the scene around several exchanges in Japan.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Taotao exchange sees soaring volume Taotao, a […]

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Paradigm Researcher Unveils Fixed-Rate DeFi Lending Protocol

Paradigm has incubated its first crypto project — an Ethereum-based DeFi protocol promising fixed-rate lending and interest markets. A researcher from the crypto asset investment firm, Paradigm, has co-authored a whitepaper for a new decentralized finance, or DeFi, lending protocol boasting fixed-interest rates. The whitepaper for Yield protocol was written by Paradigm’s Dan Robinson and Allan Niemberg — who announced the project on May 8. Niemberg also announced that Yield Protocol has received seed investment from Paradigm, which will be designated toward building the initial version of […]

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Bitcoin Halving Means Miners Will No Longer Be Biggest Sellers of BTC

After the halving, crypto exchanges selling Bitcoin, which they collected in trading fees, may pose the biggest threat to the ongoing Bitcoin rally as miners earn less BTC. Following the Bitcoin (BTC) halving on May 12, traders generally expect the price of the top-ranking cryptocurrency by market capitalization to drop. According to a prominent on-chain analyst, the selling pressure may come from crypto exchanges. Willy Woo, the co-founder of Hypersheet, said that exchanges will likely begin selling their storage of crypto assets composed of trading fees. Typically, […]

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Fake News: New Reports Allege Bitmain Street Brawl Was Overstated

New reports indicate that a previously-alleged mob attack by Bitmain employees was significantly overstated by the press. We recently reported that Bitmain’s CFO, Luyao Liu, was arrested after allegedly partaking in a mob attack in Beijing. Recent updates suggest, however, that this was not the case. At the time, sources claimed that the attack was on the company’s ousted co-founder, Micree Zhan. Local reports suggest that Liu was taken away by police after robbing Zhan of a business license meant for the mining giant’s main subsidiary, Bitmain […]

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Devon Brewer: Rediscovering the Golden Rule

The Golden Rule may be the most basic moral approach to dealing with others. It seems universal across cultures and religions. The Golden Rule is instinctive. We all know it, even as children without education. **The following essay was written by Devon Brewer. “Rediscovering the Golden Rule” was originally published on Voluntaryist.com and is reprinted here on Bitcoin.com for historical preservation. Moreover, Satoshi Nakamoto’s Bitcoin technology is based on the voluntary consent of free-market participants and the Non-Aggression Principle is very much aligned with Nakamoto’s great invention. […]

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Ripple’s XRP Ushers in Wallet Termination Capability

The XRP ledger network now has the ability to delete wallets, thanks to a community vote. XRP users can now delete their wallets on the XRP network if they so desire — an update put in place after the community majority voted in favor of the change. “After maintaining an 80% consensus during the mandatory 15-day voting period, the XRPL Deletable Accounts Amendment became enabled on May 8, 2020 at 4:29:30 UTC, through the ledger 55,313,921,” former XRP Center manager, Arturo Portilla, said in a May 8 […]

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