Check out this week’s Bad Crypto News. Bitcoin is still floating comfortably around $7,000 after a week in which it’s risen more than ten percent. Over at Bitcoin.com, the news is not so good. Candor, a site that lists jobs lost to the coronavirus, has reported that Roger Ver is planning to lay off half his company’s workforce. Ver has dismissed the claim as “more Bcash FUD.” JP Morgan chairman and CEO, Jamie Dimon, who’s usually more dismissive than most, has praised the federal government’s $2 trillion […]

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Given the global coronavirus lockdown, some blockchain projects have found their business plans affected, others see no change. The coronavirus pandemic has been affecting more and more aspects of the blockchain and cryptocurrency market. As Cointelegraph previously reported, more than half of the 2020 crypto conferences were either canceled or postponed due to the COVID-19 outbreak, while mining manufacturers had to stop the equipment production in China. At the same time, other companies have been able to master new opportunities by digitizing business processes and moving employees […]

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Data shows Bitcoin’s trading volume increases and decreases most on Saturday and Monday, while returns move similarly amid different price cycles. Recent reporting by Cointelegraph shows that Bitcoin (BTC) spending has retraced since March 9 amid the worsening coronavirus pandemic. Data from blockchain analytics firm Chainalysis also shows that even the amount of Bitcoin spent on illicit activities through darknet marketplaces is down from pre-coronavirus levels. Despite the reduction in transactions, traders still view the current prices as a good investment opportunity and data from glassnode shows […]

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In its latest documentary, Cointelegraph reached out to crypto industry leaders to find out how the COVID-19 pandemic has affected their businesses and the industry as a whole. In its latest documentary, Cointelegraph reached out to crypto industry leaders all around the world to find out how the COVID-19 pandemic has affected their businesses. While large sectors of the world economy have been grinding to a halt due to the pandemic, the crypto industry was well prepared to face the crisis. Thanks to a fully digital and […]

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A Chicago businessman has been sued over allegedly misappropriating more than $2 million in funds ostensibly for cryptocurrency trading. A trust has sued businessman, Brock Flagstad, over allegedly misappropriating over $2 million in funds that were purportedly designated for cryptocurrency trading. Despite Flagstad soliciting the funds for the purpose of digital asset trading, the James Streibich Revocable Trust accuses the businessman of siphoning money from the investment to fuel an exorbitant lifestyle involving private jets and luxury vehicles. Businessman accused of misappropriating over $2M The complaint has […]

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Blockchain tech is definitely needed and has proved its place as the technology of the future. Meanwhile, there is still a lot to be done. I have a feeling that a lot of businesses still don’t understand why they need blockchain, while others may believe they need it just because they think it’s another fashionable tech trend or something. I’ve been involved in technology for 30 years, and it is always interesting to me how people respond to the introduction or invention of new tech. There is […]

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Given the economic losses due to the COVID-19 pandemic, can we expect governments to be more vigilant in taxing cryptocurrency this year? Could this be the year the world gets serious about cryptocurrency taxation? The coronavirus pandemic, after all, could cost the global economy as much as $4.1 trillion — or almost 5% of global gross domestic product — according to the Asian Development Bank. Governments will soon be looking to tap all possible income sources to balance their budgets, including crypto, say tax experts. “At some […]

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A video posted to Reddit claims to confirm that Reddit is preparing to launch a reputational currency built on the Ethereum blockchain. More details appear to have leaked regarding Reddit’s rumored Ethereum (ETH)-based “Community Points” system. A video posted to the platform purports to show a draft of FAQ copy explaining how the system will work. If authentic, the video appears to confirm that Reddit is preparing to launch a reputational currency on Ethereum. Video claims to confirm Reddit’s ERC-20 based ‘Points’ system Community Points are described […]

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