Monthly Archives: July 2020

News.Bitcoin.com Lead Writer Jamie Redman Named One of the Best Crypto Bloggers

Lead Writer at News.Bitcoin.com, Jamie Redman has made Redeeem.com’s list of twelve influential go-to crypto bloggers. Redeeem says the list comprises names behind some of the most informative crypto news articles. In its citation, Redeeem says Jamie Redman, who is also a crypto meme designer, is one to follow for crypto enthusiasts. Redeeem also lists some of Redman’s best works to date. A decentralized crypto fan, Redman has been in the crypto space since 2011 and has written over 3,300 articles since 2015 with just News.Bitcoin.com alone. […]

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Getting Out of Cash Is Key to Wealth and Inflation Protection, Pompliano Says

Describing the current economic state, including pending inflation, Anthony Pompliano noted exiting cash into other assets as the key to wealth. During a recent YouTube livestream, Morgan Creek Digital co-founder and crypto expert Anthony Pompliano detailed the current post-COIVD-19 economy, noting the U.S. government’s money printing and spending efforts.    “There is a devaluation of currency,” Pomliano said in his July 18 livestream. “The whole secret to building wealth is to get out of cash and get into assets that are denominated in dollars that will continue […]

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In COVID-19’s Wake, the New Normal Creates Crypto Opportunities

In a global economic recession, individuals and institutions have been turning away from traditional assets and seeking opportunities in cryptocurrency. The COVID-19 pandemic has been a challenge for everyone, but it has created many opportunities for us in the blockchain industry. In most industries, sales vectors are declining, as bankruptcies and layoffs rule the day. But companies in the crypto and blockchain space have been expanding, hiring and applying for new licenses.  The pandemic has caused suffering in this industry, as in others, but the fundamentals of […]

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Twitter Promises Additional Security Measures

Twitter will add more security training to prevent a repeat of the hack that hit 130 accounts including celebrities. Twitter vows to add more security training and measures as the fallout from Wednesday’s wide-scale hack on the social platform continues.  Twitter said in a statement that it is continuing its investigation into the hack while it looks to provide more company-wide security training against social engineering tactics. This will be in addition to cybersecurity coaching they get during onboarding and ongoing phishing exercises.  About 130 accounts were […]

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Canadian Regulator Accuses Coinsquare of Market Manipulation With Wash Trades Worth 590K BTC

The Ontario Securities Commission has started a proceeding against cryptocurrency exchange Coinsquare and its executives. The Canadian regulator has accused the company of market manipulation, with 840,000 wash trades worth approximately 590,000 bitcoins, representing 90% of the exchange’s reported trading volume. The OSC Takes Action Against Coinsquare The Ontario Securities Commission (OSC) published on Thursday the Statement of Allegations made by its Enforcement Branch staff in a proceeding against Coinsquare Ltd. and its executives. Three executives are named: CEO Cole Diamond, President and founder Virgile Rostand, and […]

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Pomp Says Unemployment Has Risen Faster Than in the Great Depression

Anthony Pompliano said recent unemployment has surged faster than the U.S. saw during the Great Depression, but what does that mean for crypto? Morgan Creek Digital co-founder Anthony Pompliano, also known as Pomp, jumped on a YouTube livestream on July 18, talking about the current economic state and its future. “In 1929, which was the start of the Great Depression, there was 3.1% unemployment — record low — and that unemployment jumped from 3.1% to over 8.5%, to then over 15% in the next two years,” Pomp […]

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Cloudflare Outage Shows Crypto Holders Are Not That Decentralized

Cloudflare suffered an outage on July 17, affecting much of the internet, including Bitcoin transactions. Cloudflare, a major company responsible for running an array of functions for websites across the internet, suffered downtime on July 17, affecting a large number of websites’ functionality. The downtime ultimately caused a drop in Bitcoin (BTC) transactions. “The Cloudflare DNS [Domain Name System] outage can be seen reflected in the rate of Bitcoin transactions broadcast, presumably because popular web wallets became inaccessible,” Bitcoin engineer and expert, Jameson Lopp, said in a […]

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Twitter Wouldn’t Be Hacked If It Were Backed by Blockchain Technology

The recent Twitter hack shows us that centralized infrastructure is still vulnerable, but DIDs, SSI and blockchains can change the paradigm. Murphy’s law states: “Anything that can go wrong will go wrong.â€� It always happens with centralized services. A year ago, we saw how half a million Facebook accounts were leaked online, exposing personal data. We will see it many times more with other services. The recent Twitter hack underscores this once again. The accounts of Elon Musk, Bill Gates, Jeff Bezos, Kanye West, Kim Kardashian, Mike […]

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Review: VeChain Community Video Contest 2020 – Finalists and Winners

The results of the second VeChain Community Video Contest are in, with quality levels so high you’ll be asking just who is part of this community. Earlier this week the VeChain Foundation announced the winners of its second VeChain Community Video Contest. Celebrating the second anniversary of the launch of the VeChainThor mainnet, the contest attracted a high standard of entries with its total prize fund of 3 million VET ($54,000). Cointelegraph decided to cast a critical eye over the ten finalists and eventual winners. A community […]

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Bitcoin Price Charts Suggest $9K Deadlock May Finally End Next Week

The price of Bitcoin is holding a key support level above $9,000 and gearing up for a big move that is likely to occur next week. The price of Bitcoin (BTC) has been continuing the previous week’s weakness as the support of $9,000 has been tested many times. However, the market itself is not acting bearish because altcoins such as DOGE, for example, are surging left and right.  Is the market ready for a momentum shift and a big volatile move by BTC, the top-ranked cryptocurrency by […]

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