Monthly Archives: May 2020

The VC Who Argued ‘’Death Spiral’ Scenario May Be Right After All

Does the sluggishness of Bitcoin network support the ‘death spiral’ scenario described by a VC? The signs of the apocalypse are upon us: Bitcoin (BTC) transaction fees peaking, block time increasing, and the mempool is becoming congested — all as predicted by Zach Resnick, a managing partner at Unbounded Capital. Flash crush is more likely When Resnick spoke to Cointelegraph on May 8, he argued that the “death spiral” scenario is not priced in and that the community underestimates its probability. He claimed that there is still […]

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Negative Interest Rates Give BTC an Opportunity to Shine, Report Claims

Negative interest rates may turn Bitcoin into an attractive alternative for institutional investors, claims a recent report. A report claims that negative interest rates present Bitcoin (BTC) with a unique opportunity. The May 14 report, published by Stack Funds, stipulates that if the interest rates in the U.S. turn negative in the near future, it will force market participants to look for alternatives to traditional assets. This could present Bitcoin with a real opportunity to garner institutional adoption. Negative interest rates It is important to keep in […]

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Veteran Investor Says Bitcoin Price Surge to $467,000 is ‘Achievable’

Veteran trader Raoul Pal says the price of Bitcoin can easily rise to as high as $476,000 in the long-term. Raoul Pal, the CEO and founder at Real Vision, believes the price of Bitcoin (BTC) can reach $476,000 in the long-term. Pal is not alone in this belief as hedge fund managers like Morgan Creek Digital’s Mark Yusko have also made similar predictions in the past. Currently, the price of Bitcoin hovers at around $9,700 and high-profile investors like Max Keiser and Mark Yusko believe Bitcoin can […]

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Kim Jong Un May Be Using Stolen Crypto to Offset Economic Fallout

The latest reports suggest that North Korea could be encouraging the Lazarus group to steal crypto globally. North Korean leader, Kim Jong-un, is reportedly backing a group of hackers. Their goal? Stealing cryptocurrencies like Bitcoin (BTC) using phishing scams. Sources indicate that the country has ramped up these efforts in an attempt to prevent a financial meltdown amid the COVID-19 crisis. A report published on May 13 by the U.K. Mirror claims that the Lazarus group, a hacking syndicate with alleged ties to the North Korean state, […]

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Atari Partnership Paves Way For Token Adoption

Atari’s new partnership sets the stage for builders to incorporate the gaming powerhouse’s token. Atari has partnered with blockchain-as-a-service, or BaaS, company Arkane Network, allowing digital asset integration into gaming.  A key aspect of the announcement sees developers able to build Atari’s Token into aspects of the gaming sphere, said a May 14 statement provided to Cointelegraph.  Atari making waves in crypto Atari has headlined multiple articles so far in 2020. The age-old gaming giant announced a token offering in March. In addition to Atari Token, the company’s […]

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China Officially Recognizes Blockchain Jobs as New Occupation

China to officially set blockchain engineers as a new occupation to promote employment amid global COVID-19 pandemic. The ongoing coronavirus pandemic is transforming blockchain companies, and its impact is not always negative for the blockchain industry. Amid the latest coronavirus crisis-fueled changes, China is taking another step toward blockchain adoption to officially recognize industry jobs. China’s Ministry of Human Resources and Social Security, or MOHRSS, is the ministry responsible for national labor policies and regulations. Recently, they have added blockchain-related jobs to a list of officially recognized […]

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Hedera Wants to Provide Consensus as a Service for Enterprises, Says CEO

Hedera Hashgraph believes that enterprise blockchain platforms are not ideal for consensus between corporate actors, launching its consensus as a service model. Hedera Hashgraph is positioning itself as a “Consensus-as-a-Service” blockchain, serving other enterprise chains with a hybrid network model. The concept was explained by Hedera CEO, Mance Harmon, at a May 14 speech on Consensus Distributed. Cointelegraph followed up with Harmon right after the panel to learn more about the concept of providing consensus as a service. Hybrid enterprise consensus Hedera is a thoroughly enterprise-centric product, […]

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Bitcoin May Thrive Despite Coronavirus

One crypto industry CEO thinks COVID-19 has brought Bitcoin further into the public eye. The CEO and co-founder of Bitcoin (BTC) investment app Amber, Aleks Svetski, said he thinks the COVID-19 pandemic has bolstered Bitcoin awareness.  “COVID was one of the best marketing campaigns for Bitcoin in history,” Svetski told Morgan Creek Digital co-founder Anthony Pompliano in a May 13 podcast episode.  Coronavirus has caused global uncertainty Since taking center stage as an official pandemic in 2020, governmental coronavirus prevention actions have caused business slowdowns, rising unemployment numbers, […]

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Blockchain-Powered 5G Phone Manufactured by Samsung Launches

SK Telecom released the world’s first 5G phone with a blockchain-powered ID authentication service incorporated. Samsung and SK Telecom, a South Korean mobile carrier, unveiled the world’s first 5G smartphone equipped with blockchain-powered ID authentication. The phone, called “Galaxy A Quantum”, has a quantum random number generation chipset developed in partnership with Samsung Electronics. The phone’s initial price is 649,000 Korean won, or $527.54 USD, according to the announcement on May 14. Blockchain-powered features incorporated The company stated that the blockchain-powered system is utilized when users pay […]

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New z-enemy 2.6.1 Nvidia GPU Miner With Improved KAWPOW Support

A couple of days ago the z-enemy 2.5 miner was released as an updated version that introduced support for the KAWPOW algorithm that Ravencoin (RVN) has forked a couple of days ago. The z-enemy miner was not the first to support KAWPOW and was not the fastest as we were kind of used to often see when RVN was using the older X16 algorithm. It is good to see that more work has been put to the miner and the latest z-enemy 2.6.1 is right on rack […]

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