Monthly Archives: June 2020

Law Decoded: As Crisis Mode Fades, Regulators Look Kindly on Crypto, June 12-19

Regulators are warming up to crypto around the world as they embrace innovation for economic recovery. Editor’s note: The week has been remarkably active for policy, possibly as a result of economies showing signs of heading slowly back to normal. While crisis remains, it seems like everyone has gotten numb to crisis mode. Recent news has been quite kind to crypto all over the world. We may in fact be seeing a trend that many predicted back in March when COVID-19 lockdowns first took hold. Beyond the […]

More info

Holders Gather 233K BTC This Year, While Bitcoin Cash Savers Outshine Composition by Time Held

Market data from Glassnode shows that bitcoin holders have increased their positions by 233,000 BTC since January 1, 2020. However, when it comes to holders making money at the current price, bitcoin cash and bitcoinsv have performed better and the concentration of large holders is larger too. As far as “holders’ composition by time held” statistics bitcoin cash outshines BTC by 27% for the last twelve months. Just a few days ago, news.Bitcoin.com’s Jeffrey Gogo reported on a Glassnode report that detailed the “number of whales with […]

More info

Robinhood Vows to Improve Platform Following Customer Tragedy

The suicide of Alexander Kearns prompted Robinhood to take additional measures to improve its platform. Alexander Kearns, a 20-year-old customer of stock and cryptocurrency trading platform, Robinhood, committed suicide on June 12. This tragedy reportedly occurred after an erroneous negative balance of more than $730,000 appeared in Kearns’ account. This error has prompted the platform to take measures in order to improve the platform’s offering. According to the official announcement, Robinhood is considering additional criteria and education for customers seeking level 3 options authorization. They state that […]

More info

Another Bitcoin Scam Hits Canada

A local store owner in Winnipeg reported that several of his customers were victims of a Bitcoin scam. An alleged Bitcoin (BTC) scam is now reportedly targeting residents of Winnipeg, Canada. A local grocery store owner warned that many of his customers were victims of the scammers. According to Global News, Husni Zeid placed a large sign on the Bitcoin machine he has in his store, asking people to exercise caution with regard to phone scams that ask for fake Bitcoin investments. Zeid told the local media […]

More info

Now We Know What Satoshi Nakamoto Looks Like

New film asks: What if the NSA kidnapped and tortured Satoshi Nakamoto, believing him to represent a grave danger to national security? Satoshi Nakamoto, the world’s most wanted terrorist, was kidnapped and tortured by the NSA. Crypto native production At least that’s the plot of an indie film from the U.K. titled “Decrypted”. In an interview with Cointelegraph the film’s producer, Phil Harris, said: “We shot 70 percent of this film before we were forced to shut down due to the COVID-19 crisis. So we managed to […]

More info

Ransomware Gang Auctions Off US Healthcare Data for Bitcoin

NetWalker continued to launch ransomware attacks to the healthcare sector during the COVID-19 pandemic. Crozer-Keystone Health System recently suffered a ransomware attack by the NetWalker ransomware gang. The gang is now auctioning the system’s stolen data through its darknet website. If it is not purchased at auction within six days, the gang has vowed to leak the data. On June 19, Cointelegraph was able to access the alleged publication. There appeared to be dozens of folders with an undisclosed amount of data, mostly concerning finances, but nothing […]

More info

Bitcoin ‘Realized Cap’ Hits New High Similar to Pre-March $3K Crash

The realized cap of Bitcoin hit an all-time high just like in February 2020 when BTC price marked a local top. The “realized cap” of Bitcoin (BTC), a statistic observed by on-chain market analysis platform Glassnode, has hit a new all-time high on June 19. It may indicate an overall increase in new investors in the cryptocurrency market in recent months. Glassnode said: “Bitcoin’s Realized Cap has hit a new all time high. At $106.63 billion, it has now passed the previous record set just before the […]

More info

Blockchain Community Sounds Off in Support of Juneteenth

The Blockchain community sounds off in support of Juneteenth, which commemorates the end of slavery in the USA. Juneteenth, a day which marks the end of slavery in the United States, has been commemorated every June 19 since 1867. It is especially relevant today, amid a wave of protests against racism following the murders of George Floyd, Breonna Taylor, and countless other innocent people of color. Blockchain community praising the day Many in the blockchain community have extolled today’s significance in history. Ripple CEO Brad Garlinghouse spoke […]

More info

SEC Halts Crypto Scam, Alleging Two Brothers Stole Millions From Investors

The U.S. SEC freezes assets of several alleged crypto scams run by Hvizdzaks brothers. The United States Securities and Exchange Commission (SEC) has halted activity of another alleged cryptocurrency-related scam stealing millions of dollars from investors. According to a SEC’s announcement on June 19, the authority has been granted a temporary restraining order and asset freeze against two Pennsylvania-based brothers allegedly running three crypto scam schemes. According to the SEC, Sean Hvizdzak and Shane Hvizdzak lied about their crypto fund performance by fabricating financial statements, instead redirecting […]

More info

Bitcoin’s Rise Driven by Institutional Trading, Says Research and Investor Sentiment

The cryptocurrency bitcoin is trading at an all-time high relative to its social activity, explains the crypto research firm Tie. The analysts at Tie believe the ratio indicates that bitcoin is being driven by institutional trading. Meanwhile, statistics from Google Trends shows the terms “bitcoin” and “buy bitcoin” dropped from the 100 point highs to 65 on June 14, 2020. Tie Research: ‘Market Cap Increasing More Than Social Media Activity May Suggest Bitcoin Is Now More Driven by Institutional Trading’ This week the research firm the Tie […]

More info
1 2 3 5