Monthly Archives: June 2020

Price Analysis 6/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

Tension between China and the U.S. is increasing and if the current trade deal is scrapped Bitcoin could be a major beneficiary. The tensions between the U.S. and China have escalated once again. This is bad news for the global economy which is currently witnessing one of the worst crises since the Great Recession.  If either the U.S. or China does not keep up their part of the trade deal, it could only make matters worse. Scrapping of the Phase I trade deal could ultimately result in […]

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Satoshi Nakamoto Had Outside Cryptography Help, Says Early Bitcoin Dev

Satoshi Nakamoto sought help from expert cryptographers, which allowed him to make Bitcoin secure, says an early developer. According to an early Bitcoin (BTC) developer, Satoshi Nakamoto sought help from outside cryptographers prior to launching Bitcoin. Laszlo Hanyecz, who worked closely with Satsohi in 2010, told Cointelegraph that he was befuddled by Satoshi’s choice of the elliptic curve secp256k1. The use of this curve, at the time, was unusual. National Institute of Standards and Technology (NIST) curves were much more common. Many Bitcoin enthusiasts over the years […]

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Mining Hardware Maker Canaan Looks to Issue $12.4M in Stock to Employees

Cryptocurrency mining ASIC producer Canaan filed with the U.S. SEC to issue around $12.4 million worth of shares to its employees. Cryptocurrency mining application specific integrated circuit (ASIC) producer Canaan filed with the U.S. Securities and Exchange Commission (SEC) to issue around $12.4 million worth of shares to its employees. According to the S-8 form, filed with the SEC on May 27, Canaan is looking to issue nearly $12.4 million of class A ordinary shares with a maximum offering price of $0.24 per share. As Cointelegraph reported […]

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Ledger CTO Explains Why Smartphones Won’t Ever Be Fully Safe for Using Crypto

Recent developments led by some smartphone manufacturers aim to use hardware to make the system more secure, but it won’t protect from all attacks, cautions Ledger’s CTO. Cointelegraph interviewed the CTO of Ledger, Charles Guillemet, to learn more about the best practices in securing cryptocurrencies for average users. Ledger is a major producer of hardware wallets, which store cryptocurrency seeds on a dedicated device. As Guillemet explained, hardware wallets protect against possible malware on the user’s computer or mobile device. Both storage and transaction signing are performed […]

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Protestors Invoke Bitcoin in the Wake of George Floyd’s Death

Cryptocurrencies appear on the scene of massive protests in the U.S. in response to police killing George Floyd, with many industry leaders weighing in. The United States is witnessing its biggest protests in years following the death of George Floyd at the hands of a police officer in Minneapolis. Some compare it to those after the murder of Martin Luther King Jr. in 1968. The community crypto has chimed in on the situation. Crypto sphere personalities like Binance’s CEO Changpang Zhao reacted via Twitter after six days […]

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Hacker Steals Database of the Largest Hosting Provider on the Dark Web

Sensitive data from darknet websites hosted in Daniel’s Hosting have been leaked by a hacker who claims ties to Anonymous. Reports emerged on May 31 about a hacker that stole and leaked the database of Daniel’s Hosting (DH), the largest free web hosting provider in the darknet, and the home of several crypto-related forums and stores. The hacker —under the pseudonym “KingNull”— also claims to be part of the Anonymous collective and reportedly got the information after the second hacking suffered by DH on March 10, which […]

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Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

On May 28, 2020, the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies like bitcoin cash for payments. The team at Uquid has dubbed the market the “world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products.” Crypto Firm Launches Uquid Shop: 30,000 Digital Products The company Uquid launched in 2016 is one of the earliest cross-border digital services with a blockchain-friendly payment system. The startup was one of three blockchain-based companies […]

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Cash or Plastic? Countries Where Crypto Debit Cards Are Fair Game

Cointelegraph examines where crypto debit cards are available and what options they offer as wider adoption starts to take hold. As a sector, plastic cryptocurrency cards have had a bumpy ride. While for some they are the perfect way to spend those hard-stacked sats, it has evidently been a struggle for crypto companies to provide such a service. Wracked by regulation, supplier issues and the volatility of digital assets, crypto debit cards have had a rough start. Nonetheless, crypto debit card use is growing and is considered […]

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Exclusive: Binance Korea to Integrate Coinfirm Real-Time AML Monitoring

Binance Korea will be using an anti-money laundering solution developed by Coinfirm, as the country requires a high level of regulatory compliance for crypto. Binance Korea will be monitoring activity on its platform for signs of money laundering thanks to a solution developed by Coinfirm. The partnership, announced on June 1, will help Binance’s Korea branch remain compliant with Anti-Money Laundering (AML) regulations resulting from the Financial  Action Task Force’s (FATF) Travel Rule. Coinfirm provides a blockchain-agnostic AML platform offered to various institutions dealing with cryptocurrencies. Their […]

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Miners Have Been Selling More Bitcoin Than They Generate, Recent Data Suggests

Last week, Bitcoin miners reportedly sold 11 per cent more coins than they generated over the same period. Last week, Bitcoin (BTC) miners sold 11 per cent more coins than they generated over the same period, June 1 data from on-chain analysis portal ByteTree suggests. According to the portal’s metric that tracks Bitcoin wallet addresses associated with miners, around 5,800 BTC was generated over the past seven days, compared to over 6,500 ‘first spend’ transactions. The ‘first spend’ that is used for the calculation is “the first […]

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