Monthly Archives: July 2020

Anonymous Crypto Hacker’s Identity Revealed by US Authorities

The U.S. Department of Justice unveiled the identity of the hacker behind the pseudonym “fxmspâ€� after charging him with federal crimes. The U.S. Department of Justice, or DoJ, indicted Andrey Turchin, known under the pseudonym “fxmsp,” with various federal crimes. Turchin allegedly founded a cybercrime group that targeted the computer networks of several companies. After stealing each company’s data, Turchin’s group allegedly sold the data on the dark web. Turchin, a 37 year old Kazakhstan national, is affectionately known on the dark web as “the invisible god […]

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Dave Portnoy Calls Dogecoin Effort a Pump and Dump

Barstool Sports’ founder weighs in on the Dogecoin Tik Tok pump scene. Dave Portnoy, founder of Barstool Sports, recently ranted about the recent shilling of Dogecoin (DOGE) via Tik Tok.  “What’s going on with Dogecoin!?” Portnoy said in a recent video posted on Twitter. “It’s a pump and dump,” he added, calling Dogecoin “bubbly rosé.” Tik Tok DOGE Challenge A recent effort shows the Tik Tok community attempting to pump DOGE up to $1 in a get-rich-quick fashion. DOGE currently boasts a 90% increase over the past 24 […]

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OKEx Recorded Over 8,000 ‘Whale’ Bitcoin Trades in June

OKEx also had twice as many “whaleâ€� buy orders as sell orders. OKEx exchange recorded over 8,000 “whaleâ€� Bitcoin (BTC) trades in June; more than any other exchange. It also had the honor of recording the largest such trade — 513.1 BTC according to data from Kaiko. Number of Bitcoin whale (≥10 BTC) trades by exchange. Source: Kaiko. Whales prefer USDT over USD In Kaiko’s nomenclature, “whaleâ€� trades are 10 BTC and above. OKEx also led in terms of average whale trade size, which was just above […]

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A New Guerrilla Marketing Campaign Aims to Create Bitcoin Awareness

A German collective launched a massive campaign to incentivize people to disseminate stickers with positive crypto messages. Ideas Are Like Flames, a collective based in Germany, launched a campaign to dismantle misconceptions regarding Bitcoin (BTC). The group has incentivized people to place Bitcoin-related stickers in cities around the world. According to the initiative’s official website, named “Bitcoin Awareness Game,â€� the campaign seeks to change the public perception that Bitcoin is related to criminals and scams. Stickers aim to create awareness The stickers — which contain messages such […]

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Matic Network Launches an Initiatives Program for Mainnet Adoption

Matic to release a “Large Scale Developer Initiativesâ€� program to strengthen mainnet adoption. Blockchain scalability solution, Matic, released news of a “Large Scale Developer Initiativesâ€� program on July 8. The program is meant to incentivize mainnet adoption, in partnership with Gitcoin. According to the announcement, the company aims to cater to DApp developers from project inception to fully-fledged and operational stages. They also want to create an ecosystem of developers and DApps to build on the Matic Network. Campaigns include a Build-n-Earn feature, which aims to provide […]

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NGRAVE Raises Over $430K From Hardware Wallet Crowdfunding Campaign

Cointelegraph speaks with NGRAVE’s CEO following its successful crowdfunding campaign. The Indiegogo crowdfunding campaign for the NGRAVE ZERO has ended, raising over €385,000 ($430,000) through pre-orders via various reward tiers. More than 1,200 backers from around the world made the campaign the most successful ever for a hardware wallet, with the total funds raised being eight times the amount of the next best. Cointelegraph spoke to NGRAVE Co-Founder and CEO Ruben Merre about the success of the crowdfunding campaign: Cointelegraph: The Indiegogo campaign raised over 1,500% of […]

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Italian Banking Industry Chose Decentralization Over Centralization

The Italian Banking Association, or ABI, uses a blockchain-based system called Spunta, built with decentralization in mind. In a recent panel, as part of a digital Unitize blockchain conference, ABI chief innovation officer Silvia Attanasio explained why the banking entity chose to go the decentralized blockchain route for Spunta — its blockchain solution built on enterprise blockchain platform Corda.  If ABI had gone the decentralized route, the entity would have needed to locate a centralized party to gather and manage a large amount of data on various fronts, […]

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Binance’s Second Acquisition of 2020 Is Related to Crypto Debit Cards

Binance will join Swipe’s board of directors, but the firm is “able to run the company independently from Binance.â€� The world’s largest cryptocurrency exchange, Binance, has completed its second acquisition in 2020. Both acquisitions appear to further indicate Binance’s interest in crypto debit card issuance. After acquiring the industry’s most popular website, CoinMarketCap, in April 2020, Binance has now acquired Swipe, a Philippines-headquartered firm focused on crypto-to-fiat Visa debit cards. Binance and Swipe officially announced the acquisition on July 6, claiming that the new collaboration will push […]

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Bitcoin Community Cries Foul as Major Bank Implicated in Epstein Scandal

The Bitcoin community was quick to point out a $150 million penalty paid by Deutsche Bank for serving Jeffrey Epstein. Deutsche Bank was recently ordered to pay a $150 million fine for “significant compliance failuresâ€� in its relationship with alleged child sex trafficker, Jeffrey Epstein. The Bitcoin community on Reddit is highlighting this latest case of misconduct from major financial institutions. According to CNBC reporting on Tuesday, New York state financial regulators issued a $150 million penalty to the bank for offering banking services to Epstein despite […]

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Comparing Blockchain Ecosystem Building in the East and the West

A Unitize panel looked at two approaches to building blockchain ecosystems from the government of The Netherlands and a Singaporean accelerator program. One of the July 8 panels from the Asian version of Unitize brought together two key participants in the promotion of blockchain technology in their respective regions. Marloes Pomp, who works as an initiator of blockchain projects with the Dutch government, and Yi Ming Ng, who works for the Tribe Accelerator project in Singapore, compared their organisations approaches to building blockchain ecosystems. Initial reticence, but […]

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