Monthly Archives: April 2020

Data Shows Bitcoin Whales Have No Intent of Selling at Current Prices

Major Bitcoin whales have not sold any BTC for up to 5 years, suggesting they are optimistic about the asset’s long-term prospects. A large Bitcoin (BTC) whale holding 68,000 BTC ($523 million), has not moved the funds for more than five years and on-chain data shows other whales have similarly held onto their BTC for 4.7 years on average. Although Bitcoin is the top ranked cryptocurrency on CoinMarketCap,  whales holding on to the digital asset without selling for years does not protect BTC from a steep downtrend. […]

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1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining

The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt about mining in 2018. Back then the government and China’s central bank called the operation “wasteful” and discouraged the business. On April 20, the city of Ya’an in the Sichuan province of China has published a document that encourages bitcoin mining and blockchain operations […]

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Report: Blockchain to Increase Royalty Streams to Artists in the Digital Music Industry

An exclusive report shared with Cointelegraph highlights the positive impact that blockchain could have on the music industry. The transition of royalty payments into the blockchain should empower artists in the music industry by increasing their bargaining power for asking higher payouts, claims a report that blockchain-based digital music platform, OPUS has shared with Cointelegraph. According to OPUS’ study, given the novelty of introducing blockchain to the digital music streaming services market, they see great potential growth. The blockchain-based platform says that artists may be attracted to […]

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Crypto Fund Manager Sued Over Alleged Fraud and Deception

A cryptocurrency investment management company allegedly lured investors into a fraudulent fund, using the capital for personal gain, according to new complaint. Internet tech support and consulting player KDH Consulting Group recently filed an official complaint against crypto investment management firm Iterative Capital Management for alleged fraud and misdirection.  Accusations include “fraud and breach of fiduciary duties, among other things,” the April 27 filling stated.  Iterative Capital allegedly lied Iterative Capital allegedly falsely boasted of previous crypto investment and trading success and liquidity related to a “hedge fund-likeâ€� […]

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CipherTrace Launches A New Product to Help Banks Eliminate “Blind Spots�

CipherTrace seeks to fill the “blind spotâ€� in crypto compliance with the launch of Armada. April 28, CipherTrace launches Armada, a product designed to eliminate risky cryptocurrency blind spots for banks and financial institutions. Unlike other products by CipherTrace and many similar products by its competitors, Armada focuses on the off-chain data instead of on-chain data. It can work in tandem with banks’ existing monitoring tools: “To identify transactions with virtual asset service providers (VASPs), including those with weak KYC or operating as unregistered money service businesses […]

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Facing Mounting Regulation, BitMex Closes Japan Service

BitMex, one of the world’s biggest crypto derivatives exchanges, is executing the new regulation orders and closing its services to all Japanese traders. BitMex, one of the world’s biggest crypto derivatives exchanges, announced on April 28 that it will close services to Japan residents starting May 1 amid new Japanese regulations. Earlier this month, the Japanese Cabinet decided in the Cabinet Order to establish regulations on any crypto derivative and fund procurement transactions. The notice explained that: “The restrictions are in response to the amendments to the […]

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Algorand’s Releases Pointproofs to Upgrade Fundamental Blockchain Cryptography

Algorand developed a new cryptographic primitive replacing the common Merkle roots that vastly improves performance for certain types of blockchains, including Ethereum. The Algorand (ALGO) project has developed a new cryptographic primitive called Pointproofs. The team believes they are a significant improvement to the Merkle proofs used in many blockchain systems. Cointelegraph spoke with Sergey Gorbunov, Algorand’s head of cryptography, to learn more about the paper that he and his team published on April 19. A major development for stateless blockchains Smart contract blockchains like Algorand and […]

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NPlusMiner An Alternative Multiple Pool Best Profit Mining Solution

It is nice to have easy to use services like NiceHash or Cudo Miner, but we kind of miss the good old days days of Miner Control before everything became overcomplicated to make it simple and easy for novice miners and not easy at all for more advanced users. A bit of fresh air is the NPlusMiner software that really bring us back a blast from the past as a user interface and functionality, but is up to date in terms of mining software and functionality. NPlusMiner […]

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Mobile Ransomware That Doesn’t Ask Victims For Crypto Emerges

Research from a cybersecurity firm unveiled a type of ransomware that impersonates the FBI. A report from cybersecurity firm Check Point unveiled a new ransomware attack, where cybercriminals pose as the FBI to demand victims pay their “fine” by credit card.  According to the April 28 report, the malware — known as “Black Rose Lucy” — is unusual, since there are no ransom payments involving cryptocurrencies like Bitcoins (BTC) and it affects users of mobile devices with Android as an operating system. Check Point had already tracked […]

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British Payment Firm Checkout.​com Joins the Libra Association

British payment startup Checkout.com has joined the Libra Association, becoming the 24th member committed to building a better global payment network. In a fresh move to revive Facebook-backed digital currency project Libra, the Libra Association has onboarded another member. British payment startup Checkout.com has joined the Libra Association, becoming the 24th member engaged with the mission of building a better global payment network, Libra tweeted on April 28. Tech advancements would fail without necessary regulatory frameworks Guillaume Pousaz, Checkout.com founder and CEO, officially announced the news in […]

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