Monthly Archives: June 2019

Mt. Gox Founder Knew of Security Risks Years Before Collapse, Lawsuit Claims

Two traders are suing Mt. Gox founder Jed McCaleb, and allege he knew of “serious security risks” years before 850,000 BTC was stolen in a devastating hack. Mt. Gox founder Jed McCaleb is being sued by two traders who used the doomed exchange, court documents filed on May 19 show. Joseph Jones and Peter Steinmetz have accused the ex-CEO of fraudulently and negligently misrepresenting the exchange. The pair also allege that McCaleb was aware of “serious security risks” back in late 2010 or early 2011 — more […]

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‘Future is Here’ Declares CEO as Binance Transfers $1.2 Billion For Under 2 Cents

On June 26, about $1.2 billion in binance coin has been transferred in 1.1 seconds with a $0.015 fee on the binance chain. On June 26, about $1.2 billion in binance coin (BNB) has been transferred in 1.1 seconds with a $0.015 fee on the binance chain, reveals data published on WhaleAlert, a platform tracking significant transactions. Earlier today, CEO of major cryptocurrency exchange Binace, Changpeng Zhao, warned that big transactions should be expected. He explained that the exchange intended to split its BNB cold wallet in […]

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Opera Releases iOS Version of its ‘Blockchain-Ready’ Mobile Web Browser

Opera has released the iOS version of its Ethereum-friendly mobile browser, with an Ethereum wallet and support for Ethereum-based dApps. Norway-based internet browser company Opera has launched the iOS version of its mobile web browser, Opera Touch, according to a press release shared with Cointelegraph. Opera Touch reportedly supports the Ethereum (ETH) protocol and the Ethereum Web3 application programming interface (API). This means that the browser accommodates Ethereum-based decentralized applications (DApps) and all ERC-20 tokens, stablecoins, and non-fungible tokens (NFTs). The browser also is said to feature […]

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Focus on Bitcoin, Not Blockchain, Crypto Entrepreneur Proclaims

The CEO of a crypto microinvestment startup says blockchain is a “broken promise,” with many corporations only embracing the technology to look “hip.” Blockchain is misunderstood and focus should shift to bitcoin (BTC), the CEO of crypto microinvestment startup Amber wrote in an article for SmartCompany on June 25. In the article, Aleksandar Svetski argued that many corporations are embracing blockchain to look “hip,” even though the technology doesn’t deliver on the supposed promise of eliminating middlemen while providing security and immutability. He dismissed many of the so-called blockchain innovations unveiled […]

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How to Cold Store Your Cryptocurrency for Safekeeping

If you’re new to the crypto scene you might have heard about people moving their assets into cold storage or cold wallets but were unsure exactly what this entails. Simply put, it means storing your crypto offline to reduce access to hackers. Here’s how you can easily freeze your coins for safekeeping. Also Read: How to Find a Bitcoin Cash Meetup Near You Simple Hardware Solutions To move your assets into cold storage using a hardware solution, the easiest way is just to keep the private key […]

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6 Surprising Takeaways From Bitcoin’s 2019 Bull Run

Bitcoin has gone parabolic again, but the factors fuelling its rise make for much more enjoyable reading than in 2017. Bitcoin (BTC) rising above $10,000, $11,000 and $12,000 surprised everyone in 2019 – but the takeaways from this year’s surge makes for unbelievable reading. As Cointelegraph reported, this year’s bitcoin price action has little in common with 2017 – the last time a parabolic advance occurred. Instead, the current cycle is giving investors serious reasons to celebrate. 1. Bitcoin Already Quadrupled From its Bear Market ‘Floor’ Since […]

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Genesis Capital: Institutional Activity in Crypto Up 300% in 12 Months

Bitcoin’s rise to multi-month highs may be attributable to a significant uptick in institutional activity over the past year, data from institutional crypto lender Genesis Capital reveals. Bitcoin (BTC)’s rise to multi-month highs may be attributable to a significant uptick in institutional activity over the past year, according to a report broadcast on CNBC television on June 25.  Data from institutional crypto lender Genesis Capital — an affiliate of Genesis Global Trading — reportedly reveals a significant increase in activity from institutional counter-parties, with volumes two to […]

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PR: New FATF Rules See VASP Industry Convene for V20 Summit

[Osaka, Japan, June 10 2019] As the Financial Action Task Force (FATF) prepares to roll out a new set of rules to increase reporting requirements on cryptocurrency transactions at the G20 Leaders’ Summit this month, a collective of international industry associations have led an initiative to convene Virtual Assets Service Providers (VASPs) for the first-ever V20 Summit, to be held as a concurrent event to the G20 on June 28-29 in Osaka, Japan. The summit will assemble VASPs, policy makers and crypto-asset industry participants to discuss the […]

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U.K.’s Biggest Store Tesco Pumps Bitcoin With ‘Bill Gates’ Twitter Scam

No consumers sent funds to an address promoted via the social network, with Tesco managing to restore order. The largest supermarket chain in the United Kingdom was left red-faced this week after hackers took over its Twitter account to promote a bitcoin (BTC) scam. The news surfaced via IT magazine Bleeping Computer on June 25. Tesco, which has almost 550,000 Twitter followers, lost control of its account and began claiming it would give away free bitcoins in return for investments. The hackers appeared to have an affinity […]

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Bitcoin Market Dominance Climbs to Over 60% – Highest in Over 2 Years

The cryptocurrency last saw such a level of market control before the start of its bull-run in April 2017. Bitcoin’s (BTC) parabolic advance over $12,000 has taken its market dominance above 60% for the first time since April 2017, data from CoinMarketCap confirmed on June 26. Following its rapid appreciation in recent days, the bitcoin price reached levels not seen since immediately after the end of its 2017 bull run. The successes have come at the expense of altcoins, which have so far failed to produce similar […]

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