The ‘Binance Smart Chain’ whitepaper has attracted criticism from the crypto community, drawing predictions that the chain will be prone to centralization. Many crypto analysts have criticized the whitepaper for Binance’s forthcoming ‘Smart Chain’, which was published on April 17. Smart Chain will be Binance’s second smart contract-enabled chain after Binance Chain. It offers the additions of full compatibility with Ethereum (ETH) and a delegated proof-of-stake, or DPoS, governance system with 21 node operators elected by Binance Coin (BNB) holders. ‘Binance Smart Chain’ garners luke-warm reception The […]

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Bitcoin faces a crucial test at the weekly close, Bloomberg says BTC is setting up for a 2017-like bull run, and hodlers take action as May’s halving draws nearer. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin pushes to clear $7,750 as key weekly close approaches It’s a nail-biting […]

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Bitcoin volatility is steadily increasing as the halving approaches, and investors can gain from bull and bear price action by betting on volatility. Many investors believe a significant price swing is about to happen, as the next Bitcoin (BTC) halving is now less than 15 days away. Despite its demonstrated and incredibly long term potential, no one knows for sure how exactly Bitcoin’s price will respond during and after the third halving.  Fortunately, this time, the market has matured to the extent that traders can now deploy […]

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Blockchain-based cloud network Storj has announced a program to provide free storage to organizations researching COVID-19. Decentralized storage network, Storj, has launched a program providing free storage to organizations participating in COVID-19 research. The program follows widespread contributions from the crypto community toward the distributed scientific research platform, Folding@Home. Organization researching COVID-19 qualify for 2TB in storage On April 22, Blockchain-based cloud network, Storj, announced a program offering free online storage to organizations engaged in research contributing to the global fight against the coronavirus pandemic. Storj’s storage […]

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One week after Justin Sun’s hostile takeover of Steem, Huobi launched trading for the community hard fork Sun sought to suppress. The price of Hive (HIVE), a hard-fork of Steem (STEEM), has skyrocketed following its listing on Huobi. The listing comes one month after Huobi and Binance mobilized customer funds to vote against the Steem community in favor of an apparent hostile takeover of the network, led by Tron founder and recent owner of Steemit, Justin Sun. However, the exchanges claimed that Sun had misrepresented the nature […]

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An independent film about stablecoins momentarily topped the U.S. box office charts earlier this month. An independent film touting the virtues of the privacy coin, Monero (XMR), briefly topped the U.S. box office charts earlier this month. The film accomplished this feat with a total gross of just $3,430 amid the COVID-19 pandemic. Unabridged lecture on privacy coins tops US box office Monero Means Money, a self-distributed feature-length film praising the virtues of XMR momentarily stole the top-ranking slot at the U.S. box office. The film claims […]

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Sentencing of the lawyer who laundered $400 million for the OneCoin Ponzi scheme has again been postponed. The sentencing of Mark Scott, a licensed attorney who laundered $400 million for the infamous OneCoin Ponzi scheme, has been adjourned until July 14, 2020. On April 25, Judge Edgardo Ramos of the New York Southern District Court reportedly granted Scott’s request for the hearing’s rescheduling due to his “need to get further medical testing.” Scott was delivered a guilty verdict during November 2019, however, appealed the decision in February. […]

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Switzerland’s “crypto valleyâ€� is in talks with the federal government for setting up a 100 million Swiss franc ($102.7 million) fund for helping the fintech companies. Switzerland’s “crypto valley”, a fintech friendly region near Zurich, is seeking a 100 million Swiss franc ($102.7 million) fund from the federal government. This fund is allocated to bail out the troubled fintech companies, according to a Bloomberg April 26 report.  Cantonal Finance Director, Heinz Taennler, said that the fund would consist of private investments, contributions from local governments, and federal […]

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Several altcoins are likely to rally if Bitcoin can resume its up move this week. The most talked-about event last week was the West Texas Intermediate crude futures for May delivery, which plunged to negative $37.63 per barrel on April 20. That was followed by a sharp rebound, which helped crude oil recover to $17.31 by the end of the week. Crude oil’s volatility surpassed that of Bitcoin (BTC) in mid-March and has only climbed higher since then. Several energy traders are likely to have suffered huge […]

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