Monthly Archives: June 2020

Blockchain Is Part Of China’s Master Plan for New Competitor Island to Hong Kong

China’s master plan for making Hainan a free trade island encourages institutions to use blockchain in transforming government function. Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port, Xinhua news reports on June 1. A trade port system will focus on facilitating free trade, investment and cross-border capital flows in the whole island. Government institutions reform The master plan encourages government institutions to use blockchain and other technologies to reform government function. Authorities hope the new modern technologies […]

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Ransomware Group Threatens Auction of Madonna’s Legal Data

REvil’s ransomware gang is launching an auction of stolen data, including legal information hacked from Madonna. The ransomware gang REvil has launched an auction feature on the dark web in the past 24 hours, starting with the stolen data from a Canadian company and threatening to auction off information hacked from famous singer Madonna next.  Cointelegraph accessed information from the first auction campaign conducted by REVil, who detailed that the Agromart Group is the “first batch” of data to be put up for auction, which is the […]

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Massive Bitcoin Plunge Nothing More Than Traders Being Traders, OKCoin Exec Says

Bitcoin’s recent price dive may have been nothing more than the result of standard trading activities. Bitcoin (BTC) dove more than $1,000 on some exchanges on June 2, although the event seems to be the result of simple trading activity, according to OKCoin’s head of market development Matthew Ficke.  “Price movement like we saw yesterday typically attracts short-term traders trying to position for a larger break higher,” Ficke said of the day prior, when Bitcoin surged notably past $10,000.  Bitcoin pumped and then dumped  Bitcoin’s price surged […]

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South Korean Prosecutors Freeze Crypto Wallets of Suspected Child Porn Ring Chief

A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case. On June 2, a South Korean court ordered a freeze on all the cryptocurrency wallets, securities deposits, and stocks account owned by Cho Ju-bin, the suspected head of Nth Room. Nth Room is a Telegram channel under investigation for circulating child pornography. According to KBS Korea, the Seoul Central District Court Criminal Settlement Division 30, led by Judge Lee Hyun-woo, accepted the request from […]

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Uptrend in Mainstream Crypto Interest Started Last Fall, MIT Startups Says

Mainstream crypto trading interest has been on the rise since fall 2019. Cryptocurrency has seen a rise in mainstream attention starting last fall — before COVID-19 measures took off, according Floating Point Group, or FPG, an algorithmic trading technology startup conceived at MIT. “An increasing portion of our inbound prospects are established industry participants coming from FX, equities and derivatives markets,” FPG co-founder Kevin March told Cointelegraph on May 28 after confirming the presence of increased mainstream crypto trading interest.  Cryptocurrency opportunity knocking Abiding with U.S. regulation, FPG […]

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Charles Hoskinson: ‘I Don’t Live in Vitalik’s Mind’

Charles Hoskinson laments Vitalik Buterin’s inability to engage in a meaningful discussion about Cardano, which in his opinion hurts Ethereum. Charles Hoskinson does not know why his fellow Ethereum (ETH) co-founder Vitalik Buterin will not acknowledge the existence of Cardano (ADA) while speaking enthusiastically about other blockchain projects. Ignore fetish In a recent Cointelegraph interview, Hoskinson lamented Buterin ignoring Cardano. Hoskinson said that this ignorance of Cardano’s achievements hurts Ethereum, as everything that Cardano does is open source and could be borrowed by the rival. Ethereum has […]

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Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies

Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies. Travel Demand Returning Despite Covid-19 Travala.com, a website where travelers can book flights from over 600 airlines and over 2 million hotels and accommodations worldwide, published on Monday its monthly performance report for May. The global travel industry has been severely hit by the coronavirus pandemic, economic […]

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Ethereum Second-Layer Scalability Still Needs Work, Says Starkware CEO

Uri Kolodny, co-founder and CEO of blockchain firm StarkWare, told Cointelegraph that Ethereum’s second-layer scalability solutions still need some work. Uri Kolodny, co-founder and CEO of blockchain firm StarkWare, told Cointelegraph that Ethereum second-layer scalability solutions still need some work. Ethereum co-founder Vitalik Buterin claimed on June 1 that the blockchain’s layer-two scaling initial deployment has “basically” succeeded. Kolodny — on the other hand — told Cointelegraph that he is not as convinced: “I wouldn’t pop the champagne bottles just yet, as many of these proposed solutions […]

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An Inside Look Into the Surprisingly Friendly Rivalry Between Ledger and Trezor

The Ledger vs. Trezor beef has a long history, but Ledger’s CTO efforts may have fanned the flames as he reported vulnerabilities his team discovered in its competitor. Trezor and Ledger, two of the most prominent hardware wallet manufacturers, have long been locked in a rivalry. As part of Cointelegraph’s interview with Charles Guillemet, the CTO of Ledger, he revealed that the relationship is more complex than it may seem at first. Despite the rhetoric, cooperation and respect can be found as well. A collaborative rivalry Guillemet […]

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CBDCs With a Twist: The Public-Private Solutions Needed for Adoption

Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under development use the approach. On May 26, Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, stated that moving forward, the best way to harness the potential of central bank digital currencies would be by fostering synthetic partnerships between the private and public sectors. Further expounding his views on the matter, the deputy division chief of the IMF’s monetary capital and markets department […]

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