Monthly Archives: June 2020

77% Of Bitcoin Volume Is Generated by Boomers For This Bitcoin Broker

Baby boomers are responsible for the 77% of volume growth for a San Franciscan Bitcoin broker. The demand from baby boomers is generating most of the growth for San Franciscan Bitcoin (BTC) broker, River Financial. Paul Tudor Jones effect Most surveys conclude that younger generations are more reciprocal to Bitcoin, making this data seem counterintuitive. The company’s co-founder and CEO, Alex Leishman, told Bloomberg that Bitcoin is becoming more mainstream and many investors are following in the footsteps of Paul Tudor Jones. Older generations have all the […]

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Binance CEO CZ Explains Why He Disabled Twitter Comments

Binance CEO Changpeng Zhao recently restricted the ability to comment on his Twitter posts, but only partially. Known for his social media-involved leadership of crypto exchange giant Binance, CEO Changpeng Zhao, or CZ, said he disabled Twitter comments on his posts to weed out the scammers.  “To better respond and engage,” CZ told Cointelegraph he partially disabled the ability for the public to comment on his tweets. “This is a new feature from Twitter,” CZ said on June 11. “It seems it’s only rolled out to a small […]

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Fed Chair on CBDC: ‘We Need to Understand It First and Best’ — But Is He Too Late?

The Fed is looking at issuing a central bank digital currency, but can’t point to any concrete progress. In a hearing on June 17 before the House Committee on Financial Services, Chairman of the Federal Reserve Jerome Powell got into an exchange with Representative Tom Emmer (R-MN) over the subject of a central bank digital currency.  Is there any progress on the digital dollar? Emmer asked “What substantive recent actions has the Fed taken to understand and experiment with this technology?”  Powell said the Fed needed to […]

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Civic to Launch Vaccination-Proofing Tool on Apple & Google App Stores

Civic Technologies’s new app will act as both a vaccination proofing tool and a wallet for crypto. Civic Technologies, a San Francisco-based innovator in digital identity solutions, announced on June 16 that its Civic Wallet is now available in the App Store and Google Play.  Civic Wallet has also formed a partnership with Circle Medical, a San Francisco hospital. Together, they will act as a Covid-19 vaccination-proofing tool for Circle Medical’s employees.  Five hundred Circle Medical employees will be able to test for Covid-19 at a Circle […]

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Mysterious ETH 2.0 Staking Solution Author Claims No Pursuit of Glory

Recent comments from anonymous Ethereum 2.0 staking solution creator heyheeyheeey show his desire for continued anonymity. An anonymous blockchain industry participant going by the name heyheeyheeey recently dropped an Ethereum 2.0 (ETH 2.0) staking solution on Medium in Satoshi-like fashion. The pseudonymous character did not do it for the fame, according to his recent comments to Cointelegraph.  “The only thing that I’d like to clarify is that I wasn’t paid, but I wasn’t looking to get paid either,” heyheeyheeey told Cointelegraph staff in a message. “For me […]

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IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt

The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over a six-year period. But after seeing the Strashny’s $7 million cryptocurrency fortune, the tax collector rejected the proposal, insisting that the couple sell a part of their bitcoin and immediately settle the debt in full. The case was heard […]

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Well-Known Ransomware Gang Strikes Three Companies in the US and Canada

REvil’s ransomware group begins campaign of leaking sensitive data from three companies. Ransomware group REvil has launched another series of attacks targeting three companies in the U.S. and Canada. As of press time, they have leaked data from two of the companies, and threatened to disclose sensitive data from the third. The companies are well-known Canadian accounting firm, Goodman Mintz LLP, licensed real estate broker Strategic Sites LLC, and ZEGG Hotels & Store, a duty-free store. First target of the week: an accounting company The gang kicked-off […]

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Price Analysis 6/17: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, CRO

Bitcoin price is struggling to overtake $9.6K even as Federal Reserve policy appears to be driving new investors into BTC. Stephen Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, believes that the supremacy of the U.S. dollar is likely to be challenged and the greenback could decline by as much as 35%. This impending dollar weakness could benefit gold and cryptocurrencies. Several large traders have been accumulating Bitcoin (BTC) and according to on-chain data this has boosted the number of whales […]

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Decred Co-Founder: CBDCs Can Facilitate Crony Capitalism

Co-founder of Decred believes that the CBDCs could create greater information asymmetries that would benefit ruling elites. Decred (DCR) co-founder Jake Yocom-Piatt believes that the emergence of CBDCs will facilitate the growth of crony capitalism. He speculates that if successful, central banks will be able to play favorites without the need for intermediaries. At least nominally accountable In a Cointelegraph interview, Yacom-Piatt opined that the way the banking system is currently set up, if the Federal Reserve wants to provide a loan to a company or an […]

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Online Fantasy Sports Company Recognizes Ransomware Attack in SEC Filing

DraftKing reveals that a ransomware attack was behind the latest cybersecurity incident of SBTech. Fantasy-sports company, DraftKing Inc, recently filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC. This form indicates that SBTech, a company DraftKing Inc acquired, was hit by a ransomware attack in March. According to the registration form, which is required by the SEC before companies may go public on Nasdaq, SBTech, an online gambling technology provider which merged with DraftKing, suffered the cyber attack before the merger […]

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