Monthly Archives: April 2020

Did Young Satoshi Nakamoto Write This 1999 Cypherpunks Post?

The speculation is rising, but it’s just about impossible to prove. An anonymous post on the Cypherpunks mailing list from 21 years ago discusses the idea of “ecash,” and the speculation in the crypto community is that it might belong to a pre-Bitcoin Satoshi Nakamoto. “Cypherpunk” refers to a movement that emerged in the 1980s advocating cryptography and other privacy-enhancing technologies as tools for promoting social change. Many of the early Bitcoin supporters were part of the Cypherpunks mailing list, including Adam Back, Hal Finney, and Nick […]

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A Major Chinese Bank Unveils the Banking Sector’s First Blockchain White Paper

The Industrial and Commercial Bank of China has a lot of positive opinions on blockchain technology. The Industrial and Commercial Bank of China (ICBC) has released a white paper on blockchain technology applications in finance. According to Sina Finance, the paper is the first of its kind in the banking sector.  The document analyzes the current pain points in the financial sector, and compares Chinese trends in blockchain development to those taking place overseas. It pointed out that finance is the most commonly explored area for blockchain-powered […]

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Coronavirus Stimulus Is More Than Twice Crypto’s All-Time Market Cap High

The U.S. coronavirus stimulus package dwarfs cryptocurrency’s all-time market cap high by 240%. The U.S government recently unleashed a $2 trillion stimulus package to help Americans offset the economic impact of COVID-19. That figure is more than double the amount of all the speculative capital locked up in the entire cryptocurrency market during its 2018 peak.  Cryptocurrency at large — Bitcoin, Ethereum, Litecoin, and everything else — collectively reached its all-time market cap high in January 2018, totaling $831 billion according to CoinMarketCap data. The U.S. stimulus […]

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Bitcoin Halving Searches Surge – Phrase Touches Google Trends All-Time High

The notorious bitcoin halving is expected to happen in 20 days either on or around May 12, 2020. The anticipation leading up to the event is at an all-time high, as last week worldwide queries for the phrase “bitcoin halving” using Google peaked with a top score of 100. On Tuesday, Google Trends shows the phrase is still surging holding a score of 90 over 100 during the last 24 hours. The Phrase ‘Bitcoin Halving’ Rises Exponentially on Google Trends Every four years or 210,000 blocks, the […]

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In Possible Exit Scam, Chinese EOS Wallet Locks Up $52M of Customer Funds

Quite like cryptocurrency itself, crypto scams seem here to stay. EOS Ecosystem, a wallet app that attracts investors to deposit EOS with promised high returns, has reportedly shut down and possibly run away with close to $52 million, according to an April 20 report.  $52M is gone and more is potentially missing The local media’s investigation of EOS block transactions found the balance of one of the EOS accounts associated with EOS Ecosystem had no more than 500 EOS tokens left. The account holder had removed about […]

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Bianco Research CEO Says Next Reserve Currency Will Be a Cryptocurrency

Can crypto actually take on USD’s role around the world? Jim Bianco, CEO and president of economics and finance analysis company Bianco Research, said he sees a cryptocurrency as the next reserve asset.   “I’ve argued that, in theory, the next reserve currency will be a crypto,” Bianco told Anthony Pompliano on an April 17 episode of Pompliano’s podcast. Biano noted that no other global fiat option would work as a U.S. dollar replacement.  The U.S. dollar is still the reserve currency In light of recent economic difficulties […]

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BitMEX Reportedly Continues to Lose Market Share to Binance Futures

BitMEX, the world’s third largest crypto exchange, has continued to lose its market share to Binance exchange after the Black Thursday crash. BitMEX, one of the world’s biggest crypto derivatives exchanges, is still struggling to recover from a major market sell-off that followed the Black Thursday crash in March. According to an April 21 report by crypto analytics firm Coin Metrics, BitMEX has continued losing in both open interest and volume for Bitcoin (BTC) futures since last month’s historic market crash. At the same time, Binance’s Bitcoin […]

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Ripple Files Lawsuit Against YouTube: “Enough is Enough”

Ripple Labs and its CEO Brad Garlinghouse have filed a lawsuit against Youtube for its alleged complicity in a spate of repeated “XRP giveawayâ€� scams. Ripple Labs filed a lawsuit against Youtube LLC in the Northern District of California on Tuesday April 21. The case seeks damages for Youtube’s failure to stop XRP (XRP) scammers and impersonators. The plaintiffs, named as Ripple Labs and its CEO Brad Garlinghouse, are taking action against Youtube to “prompt an industry wide-behavior change and set the expectation of accountability,” according to […]

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Zcash Foundation Cuts Q1 Spending 17% to $2.7 Million – ZEC Tanks 9% in 24 Hours

The Zcash Foundation cut spending by 17% during the first three months of this year due to Covid-19 pressures. In its first-quarter report, the foundation said it spent only $2.68 million from an initial budget of $3.24 million. The report says: Our budget reduction primarily stems from cancelling Zcon2 and reduced travel expenses. Zcash is a popular coin centered on privacy. At the end of the quarter, the Zcash Foundation held about 101,000 ZEC, 42 Bitcoin (BTC), and $4 million cash in hand, according to the report. […]

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Over $900K in Bitcoin Went to Child Sexual Abuse Material Providers in 2019, Says Chainalysis

Blockchain intelligence firm Chainalysis has published its latest analysis of the use of cryptocurrencies to purchase child sexual abuse material on the darknet. New York-based blockchain intelligence firm Chainalysis has published its latest analysis of the use of cryptocurrencies to purchase child sexual abuse material (CSAM) on the darknet. In a report shared with Cointelegraph on April 22, Chainlaysis noted that it had traced just under $930,000 worth of Bitcoin (BTC) payments to addresses associated with CSAM providers in 2019. This represents a 32% increase over 2018, […]

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