Monthly Archives: April 2020

Chinese Blockchain Project Awards $1M to Third-Party Developers

Nervos Network awarded $1 million dollars from its $30 million fund to several development teams. On April 9, Nervos (CKB), a public blockchain network, awarded $1 million dollars to several teams working on enhancements to its infrastructure. This represents the first of numerous upcoming payouts from the network’s previously announced $30M development fund. $100 M ICO — $30 M development fund In 2018, Nervos completed a successful Initial Coin Offering, or ICO. During this sale, the project raised approximately $100 million. Nervos Network is a two layer […]

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Bitcoin Mining Hardware Maker Reports $148M Net Loss in 2019

Canaan’s 2019 total net revenue plummeted to nearly $200 million figure. Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial results filed with the Securities and Exchange Commission (SEC). The latest unaudited Q4 and 2019 financial results from the China-based company said that its total 2019 net revenue was $204.3 million. This represents approximately half of the $384 million the company generated in 2018. Total net revenue increased in Q4 2019 In the same quarter, the […]

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Pomp and Kiyosaki Question the Fed’s Actual Role

Anthony Pompliano gave his take on Kiyosaki’s Fed claims, agreeing that the entity may not be what it seems. Morgan Creek Digital co-founder and partner, Anthony Pompliano, expressed his view that the U.S. Federal Reserve may not quite be what it seems. His statement came in response to Robert Kiyosaki’s own claims about the Federal Reserve.  “Robert’s belief that the Federal Reserve is not a bank, not federal, and has no reserve is directionally correct,â€� Pomp told Cointelegraph when asked of his own opinions on Kiyosaki’s claims […]

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Hundreds of Darknet Listings Are Selling Masks and PPE Products for Bitcoin

According to a recent research report written by the blockchain surveillance firm Elliptic, there’s been a massive influx of darknet market (DNM) vendors selling personal protective equipment (PPE) like masks and coronavirus test kits. The spike in medical equipment sales on the invisible web during the month of March, follows Ebay and Amazon’s decision to remove all third-party PPE suppliers who sell masks and disinfection products on the websites. Also read: Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending Report Shows Hundreds of Personal Protective […]

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UK Company Paid $2.3M Ranson in Bitcoin to Cybercriminals

A Bitcoin ransom was paid by a London-based company after suffering a ransomware attack on their systems. London-based company, Travelex, reportedly paid hackers almost $2.3 million in Bitcoin (BTC) after suffering a ransomware attack on January 11. According to sources quoted by The Wall Street Journal on April 9, the UK firm’s networks were infiltrated by cybercriminals with a ransomware injection in the new year eve of 2020. The company is known for its chain of foreign-exchange kiosks located in airports and tourist sites around the world. […]

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Anthony Pompliano Discloses His Investment Strategy in Times of Crisis

In an exclusive interview with Cointelegraph, Anthony “Pompâ€� Pompliano explained why Bitcoin is the best asset to protect wealth in the upcoming future. In an exclusive interview with Cointelegraph, Anthony “Pomp” Pompliano explained why Bitcoin is the best asset to preserve wealth in the upcoming future.  Pompliano reconfirmed his bullishness on Bitcoin, revealing he bought more if it right after the latest market crash, when most investors sought refuge in the U.S. dollar.  When asked whether there may be more investment-worthy cryptocurrencies on the market, Pomp pointed […]

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Facebook Sues User for Cloaking Ads for Fake COVID-19 News and Crypto Scams

Facebook and Instagram file suit against user for cloaking ads for COVID-19 disinformation and crypto scams. Facebook and Instagram filed suit against a user who, they allege, operated a cloaking service that allowed ads for a range of scams to slip through the advertisement reviews for both platforms. Facebook’s accusations and request for relief In a civil complaint filed with a federal court in San Francisco on April 9, the social media giants accuse Bassant Gaijar of operating LeadCloak, a software provider specializing in cloaking ads.  Per […]

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Novogratz’ Galaxy Digital Continues Losing Streak in 2019, Posts $33M Q4 Loss

Galaxy Digital’s net losses saw some improvement in Q4 2019, down from around $68 million in Q3 to about $33 million. Galaxy Digital, a major cryptocurrency investment bank founded by ex-Goldman Sachs partner, Mike Novogratz, continued its 2018 trend by posting another net loss in Q4 of 2019. According to an official April 8 announcement, the company suffered a net loss of more than $32.9 million in Q4, with the company outlining “realized loss on digital assets” and operating expenses as causes for the loss. Galaxy Digital […]

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Bitcoin Cash Halving Results in Miner Exodus and Profitability Decline

The first Bitcoin Cash halving sees miner exodus, declining profitability and no significant upward price action. The quadrennial block reward halving for Bitcoin Cash (BCH) has come and gone, with miner rewards dropping from 12.5 BCH to 6.25 BCH. The event marked a pivotal moment for the fifth-ranked cryptocurrency by market capitalization, as it was its first 50% block reward reduction since emerging as a hard fork of Bitcoin (BTC) back in 2017. The Bitcoin Cash chain experienced another split that led to the creation of Bitcoin […]

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Blockchain Non-Profit Trips Mailchimp and Youtube’s Anti-ICO Clause

A registered non-profit saw its Mailchimp account banned for alleged terms of service violations crafted during the initial coin offering boom. Youtube and Mailchimp appear to be continuing their policy of indiscriminate bans in the crypto sphere. The Blockchain Education Network, or BEN, a registered 501(c)(3) non-profit organization, saw its Mailchimp account temporarily restricted due to alleged violations of its terms of use. According to a tweet published on April 9, Mailchimp’s automated scanning tool concluded that BEN violates its “acceptable use” policy, which notably restricts marketing […]

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