Monthly Archives: June 2020

FC Barcelona’s $1.3M Token Sale Sold out in Less Than 2 Hours

Sales were expected to last 48 hours. Spanish soccer giant FC Barcelona has sold out its first FC Barcelona Fan Tokens (BAR), which were sold via sports-focused token platforms Chiliz.net and Socios.com. The $1.3 million sale ran its course in less than two hours. At its peak it sold $777,000 of tokens in less than 2 minutes. Chiliz and Socios CEO Alexandre Dreyfus announced the news in a June 22 tweet. Chiliz and Socios saw a five-fold increase in demand during the sale Dreyfus noted that the […]

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Price Analysis 6/22: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, CRO, ADA

Bitcoin is flashing some bullish signals as volatility is expected to pick up over the next few days. The current economic environment has made it difficult for pension funds to sustain their expected rate of return. The U.S. Federal Reserve has continued along the path of cutting rates to zero and it seems likely to keep them there for at least a couple of years. This means pension funds may be forced to explore other strategies to increase their returns. Morgan Creek Digital co-founder Anthony Pompliano has […]

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Compound Reward ‘Farming’ Results in Six-Fold Increase of Lending Activity

Compound’s controversial COMP reward scheme triggered a gold rush of yield arbitrage, sending its assets under management and price to new heights. A user reward scheme to distribute the new Compound governance token (COMP) has resulted in a dramatic rise of the value locked in the decentralized finance protocol as traders sought to “farm” the token, as fans affectionately call the practice. According to data from Defi Pulse, the Compound protocol’s total locked value soared from about $100 million to a high exceeding $600 million since June […]

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Australians Lost More Than $14M to Crypto Scams in 2019

A study by Scamwatch suggests cryptocurrency scams are a real threat in Australia. Australians filed 1,810 reports of cryptocurrency-related scams in 2019, collectively totaling more than $21.6 million AU ($14.9 million USD). According to a study by Scamwatch, an arm of the Australian Competition and Consumer Commission, younger Australians aged 25 to 34 were those most heavily affected by crypto investment scams. According to the report: “Cloud mining farms became a common adaptation of this type of scam. Most were Ponzi schemes, with no real cryptocurrency involved.” […]

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Wirecard CEO Quits as Crypto Card Firm Reveals Missing $2.1 Billion Does Not Exist

Wirecard chief executive officer quit as the crypto card payments firm revealed that the €1.9 billion ($2.1 billion) missing from its accounts may not exist. CEO Markus Braun resigned on June 19, after nearly 20 years at the helm. James Freis has been appointed interim chief executive, the German company said on Friday. Wirecard said a search for the missing billions at two large Philippine banks during the weekend hit a cul de sac. The central bank of the Philippines noted that there was no record of […]

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Bullish Signs for Bitcoin Price After Record BTC Difficulty Adjustment

The Bitcoin blockchain network recently saw its biggest mining difficulty adjustment in more than two years. Yet, the sentiment remains positive. The Bitcoin blockchain network experienced its biggest mining difficulty adjustment in over two years on June 17. Surprisingly, the hash rate of Bitcoin has not dropped off by a large margin. The response of miners toward the difficulty adjustment is considered to be optimistic so far, as the hash rate is already starting to recover. Data from Blockchain.com shows that since June 11, the hash rate […]

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Crypto Exchange ByBit Launches a Fiat Gateway Supporting Over 20 Currencies

Users are even eligible for up to $50 in bonuses. Cryptocurrency exchange ByBit now lets its users exchange over 20 fiat currencies for cryptocurrency. According to an announcement shared with Cointelegraph on June 22, ByBit users can trade their U.S. dollars, Australian dollars, Canadian dollars, euros, Singapore dollars, British pounds sterling and many others for crypto of their choice. ByBit CEO Ben Zhou said that it was two partnerships that came together to make it possible: “Thanks to our payment partners Banxa and XanPool, Bybit users can […]

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Binance Adds Profit Maximization Service to Its Mining Pool

Binance has a new system for helping miners automatically mine the most profitable coins. Shortly after the launch of its own cryptocurrency mining pool, Binance is adding specialized features to it to help miners make more money. Earlier this month, Binance Pool launched a new feature called “Smart Pool.” It lets miners automatically switch hash rates to mine the most profitable of three supported coins based on the SHA- 256 algorithm — either Bitcoin (BTC), Bitcoin Cash (BCH) or Bitcoin SV (BSV). Lisa He, head of Binance […]

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Blockchains Are an Excellent Solution for Privacy, Part 3

The third part of a series of articles on the advantages and challenges of the usage of blockchain technology for collecting and sharing information, without violating users’ privacy. Some entrepreneurs have been trying to increase data privacy by combining encryption and blockchain technology. There are projects like Oasis Labs and Enigma that focus entirely on preserving users’ privacy. Meanwhile, others have been focusing on preventing data retention by companies. Thus, there is no way to guarantee that personal data is deleted in a company’s data system. Blockchain […]

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Breaking Bitcoin: Crypto Proponents Discuss Honeywell’s 6 Qubit Quantum Computer

On June 19, 2020, the massive industrial firm Honeywell told the public the company is now running a quantum computer that effectively leverages six effective quantum bits, or qubits. Honeywell’s machine is two times more powerful than the quantum computers designed by IBM and Google. With Honeywell revealing the new quantum computer, skeptics have already started discussing the future effects on Bitcoin and 256-bit encryption. Honeywell Reveals a Powerful Six Qubit Quantum Computer Invoking Theoretical Discussions About Bitcoin’s 256-bit Cryptography In January 2019, bitcoiners started talking about […]

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