Monthly Archives: April 2020

Binance Research Finds Libra Could Rattle Payment Sector Foundations

After a deep dive into Facebook’s Libra project, Binance Research found the proposed concept could change the face of the payment sector. Binance Research dove into Libra’s most recent whitepaper, surfacing with a lenghty report, in part claiming Facebook’s proposed asset could significantly alter the payments world. “Libra’s envisioned global payment system could do to the payment industry what SpaceX did to the space industry: shake the foundations of a well-established sector with high entry barriers,” the April 22 report said, adding: “The mere advantage of issuing […]

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Crypto Sextortion Scams Prove to Be Alarmingly Successful

An investigation provided in-depth info regarding how sextortion scams remain profitable for cybercriminals. A study carried out by SophosLabs in conjunction with cryptocurrency intelligence company, CipherTrace, revealed that sextortion scams are a profitable business. Between September 1, 2019, and January 31, 2020, nearly $500,000 in profits we gained by cybercriminals engaging in sextortion. According to the report, the modus operandi is that the scammers told victims through email that their computers were hacked and that they allegedly obtained information on their history of visits to pornographic pages. They […]

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This Blockchain Voting App Could Change Elections Forever

There is an effort underway to roll out a blockchain voting app in time for the November elections. There is an effort underway to roll out a blockchain voting app in time for November elections. A voting app is being developed by WinterGreen Research and Government Blockchain Association, or GBA, which uses blockchain technology to “make fraud detectable”.  COVID-19 will drive adoption Susan Eustis, President of WinterGreen Research told Cointelegraph that she expects COVID-19 to accelerate its adoption: “We anticipate that the digital voting app will roll […]

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What Would Happen If Jeff Bezos Bought All Bitcoin in Circulation?

As one of the worlds richest people, could Amazon CEO Jeff Bezos buy all Bitcoin in circulation? What would happen if he tried? Holding a net worth of about $140 billion, Jeff Bezos could theoretically afford to buy all the Bitcoin (BTC) in circulation. What would happen if he tried? Genesis Mining’s head of mining operations weighs in on the matter. “Of course he could only buy the liquid BTC on exchanges, massively driving up prices in the process,” Salter told Cointelegraph in an email.  Bitcoin only […]

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Chinese Blockchain-Based Pilot Platform Completes First Cross Border Trades

Companies involved in the blockchain pilot platform praise new systems and claim success with first trades. Recently, a blockchain-backed cross border platform pilot was implemented in the Chinese city of Qingdao. The companies involved have now made their first trades with partners in North America and Southern Asia. As reported on April 22 by local newspaper, Sina, the companies are praising the pilot program, and claim that the city’s banks will continue to improve the service. Trades made with other countries via blockchain About 37 Qingdao businesses […]

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Anyone Can Host a Crypto Exchange – Tim Draper Backed Startup Launches New WordPress Plugin

There’s a new plugin available that gives people the ability to launch a cryptocurrency exchange on any WordPress-based website. The project called Wpcryptoexchange is a product created by the Tim Draper-backed startup Draper Goren Holm. With the plugin, anyone can launch a digital currency trading platform that allows people to swap various cryptos and also allows website owners to collect trading fees. Now Anyone Can Host a Crypto Exchange on Their WordPress Website A developer named Goren Holm has released a new WordPress (WP) plugin that makes […]

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New WordPress Plugin Allows Anyone to Launch a Decentralized Crypto Exchange

Blockchain startup incubator claims to launch the first crypto decentralized exchange plugin for WordPress. Blockchain startup incubator, Draper Goren Holm, launched what it claims to be the first crypto decentralized exchange, or DEX, plugin for leading website backend software, WordPress. According to an April 22 announcement, the plugin is “the easiest way for anyone, not just engineers, to launch their own cryptocurrency exchange.” Venture capitalist Tim Draper commented: “Everyone, not just engineers, can now launch their own crypto exchanges on WordPress using the plugin our team built.” […]

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Ripple’s $1 Billion Head of XRP Markets Quietly Leaves Job

With no formal announcement, former CME exec Miguel Vias has quietly left his role as Head of XRP Markets for Ripple Labs. Ripple looks to have lost its second executive of 2020 after Head of XRP Markets, Miguel Vias, updated his LinkedIn status to signal the end of his tenure with the company.  Vias joined Ripple in late 2016 after a five year role as CME Group’s Global Head of Precious Metals Options. In his three and a half years at Ripple, Vias was in charge of […]

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Bitcoin Hitting $8K Thanks to the Halving? BTC Options Aren’t so Bullish

Bitcoin options may be pointing to a bearish outcome for BTC price despite less than three weeks remaining before the halving. With the Bitcoin (BTC) halving less than 20 days away, some analysts predict that an inflow of capital will accompany the run-up to the event then reduced selling pressure at below-production prices thereafter will catalyze a bullish trend for BTC price. However, Bitcoin options data tells a different story. Let’s take a closer look.  Options open interest on the rise According to Skew, open interest in […]

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Stellar Foundation Adds College Professor and Dropbox Brass

The Stellar Development Foundation added two member to its board of directors, bolstering the experience held on its roster. The Stellar Development Foundation recently added two new members to its board of directors.    In an April 21 statement provided to Cointelegraph, Dropbox chief communications officer, Lin-Hua Wu, as well as International and Public Affairs professor, Ronaldo Lemos, now sit on the foundation’s board of directors. As a partner at PNM Advogados, Lemos also holds legal expertise.  The Stellar Development Fund, a non-profit entity formed approximately six […]

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