Monthly Archives: April 2020

Bitcoin Price Fills $6.6K CME Gap as Technical Metrics Flip Bullish

A brief spurt to $6,600 takes care of the latest Bitcoin futures gap, while a Cointelegraph analyst calls for caution below $6,900 for BTC price. Bitcoin (BTC) delivered few surprises on April 1 as steadier trading conditions prevailed for a third day and volume remained low. Cryptocurrency market daily overview. Source: Coin360 BTC price shoots to plug futures gap Data from Coin360 and Cointelegraph Markets painted a decidedly lackluster April Fool’s Day 2020 for Bitcoin, which since March 30 had traded in a narrower corridor between $6,100 […]

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Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

It is still too early to gauge the impact of QE on crypto, says Mati Greenspan. “The initial shock of the global economy grinding to a haltâ€� is still too fresh. These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money.  “There is an infinite amount of cash at the Federal Reserve,” Neel Kashkari, the […]

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Amended Ripple Class-Action Covers Possibility XRP Is Not a Security

Lawsuit accusing Ripple of selling XRP as an unlicensed security includes claims to hedge the possibility that it is not. An amendment to the class-action lawsuit against Ripple, filed March 25, included additional claims of false advertising and unfair competition, “under the alternative theory that XRP is not a security.” The disgruntled investors’ sixth and seventh claims for relief would appear to be a direct hedge in the event that the judge rules against the original suit suggesting that XRP was illegally sold as an unregistered security. […]

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Berkeley Blockchain Xcelerator Director on What DLT Startups Need to Succeed

Cointelegraph spoke to the UC Berkeley Blockchain Xcelerator’s director to find out what the blockchain incubator offers aspiring DLT startups. The Berkeley Blockchain Xcelerator — an incubator for early stage distributed ledger technology startups at the University of California, Berkeley — recently launched its spring cohort, which includes startups seeking to fight COVID-19, launch a cannabis-themed massively multiplayer online game and create a reverse auction platform for loans. Cointelegraph spoke to Jocelyn Weber, the director of the Xcelerator, to find out more about the resources the program […]

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Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This Scam

A cryptocurrency investment scheme called Bitcoin Revolution has recently garnered interest worldwide with its claim that investors could easily earn over $1,000 a day. They could even become millionaires within 61 days using the Bitcoin Revolution app. However, this is a scam and it recently ran into trouble with the Securities and Exchange Commission of the Philippines. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It Bitcoin Revolution Scam Promises $1,000+ a Day The Bitcoin Revolution investment scheme has been around […]

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Cardano’s Byron Reboot Goes Live, Paving Way to Shelley Mainnet

Proof-of-stake blockchain Cardano went live with its Byron reboot yesterday, March 30, as the project prepares its transition to the Shelley mainnet. Proof-of-stake (PoS) blockchain Cardano (ADA) went live with its Byron reboot yesterday, March 30, as the project prepares its transition to the Shelley mainnet. Announced by Cardano’s developer, the peer-to-peer technology firm Input Output Hong Kong (IOHK), the reboot involves a series of updates to major components of the Cardano network — the Cardano node, explorer, and Daedalus wallet backend, which is being spun out […]

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AT&T Seeks Dismissal of $200M in Damages for 2018 SIM-Swap Attack

AT&T wants two claims of deceit and $200 million dismissed from the ongoing case over a crypto investor who lost $24 million to a SIM-swapping attack in January 2018. AT&T is again seeking to have punitive damages claims of $200 million dismissed in an ongoing court case between the telecoms giant and crypto investor Michael Terpin — who asserts he lost $24 million in crypto as a result of AT&T’s negligence in 2018. In response to Terpin’s second amended complaint — filed with the court on March […]

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Bitcoin Codebase Preserved for 1,000 Years in Archive Under Arctic Ice

The Bitcoin codebase is to be preserved under the Arctic ice of Svalbard for 1,000 years as part of the GitHub Archive Program. A snapshot of the Bitcoin codebase will be encoded onto film reels and stored for a thousand years under the arctic ice in Svalbard, Norway. The move is part of the GitHub Archive Program, with a mission to preserve open-source software, for future generations to learn about the culture of today. GitHub has partnered with institutions such as the Software Heritage Foundation, Arctic World […]

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Indian Crypto Exchange BuyUCoin Gets License to Go Abroad

Indian crypto exchange BuyUCoin has sealed regulatory approval from Estonia’s financial watchdog to expand its services abroad. Indian crypto exchange BuyUCoin has sealed regulatory approval from Estonia’s financial watchdog to expand its services abroad.  Speaking to Cointelegraph, the exchange’s CEO Shivam Thakral revealed that the platform had received its crypto-fiat license in late 2019, followed by a crypto wallet license this year.  In tandem, BuyUCoin also announced its partnership on March 31 with Indian mobile-based payments system and digital wallet provider Mobikwik, which has a reported reach […]

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Huobi Wallet and Crypto Lender Cred Now Enable Users to Earn Interest

Major crypto exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their crypto holdings. Major cryptocurrency exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their holdings. An announcement on April 1 revealed that Cred’s lending and borrowing services will be fully integrated into the Huobi Wallet, which supports over 1,000 crypto assets, including 8 stablecoins, for users across 200 countries and regions. The two […]

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