Monthly Archives: July 2020

As US Banks Running Out of Coins Bitcoin Keeps On Chugging Along

A U.S. bank is offering its customers a 5% bonus for delivering coins to one of its branches while Bitcoin has quadrillions of Satoshis to spare. The U.S. economy is experiencing a shortage of coins. With this in mind, the Community State Bank, or CSB, of Milwaukee is offering a five percent premium to customers who turn in coins to one of its locations. Meanwhile Bitcoin (BTC) is not expected to run out of Satoshis anytime soon. CSB announcing “Crazy timeâ€�. Source:  CSB Site. COVID-19 is to […]

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$10.9 Billion Bitcoin Stash Proves Satoshi Is Still the Biggest Whale

Analysts estimate Satoshi mined $10.9 billion worth of Bitcoin to keep the network safe but will these BTC ever be spent? A recent report by blockchain tracking and analytics provider, Whale Alert, revealed that the miner known as Patoshi mined over $10.9 billion or 1,125,150 BTC during Bitcoin’s infancy in order to protect the network from a 51% attack.  Patoshi has been confirmed to be the anonymous Bitcoin creator known as Satoshi and the early blocks mined by Patoshi also include the first BTC transaction to Hall […]

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Bitcoin Security 101: How to Create a 2 of 2 Multi-Signature BCH Wallet

In the world of cryptocurrencies, there’s a lot of discussions and lessons when it comes to digital asset security and one of them is multisig wallets. The term multisig stands for multi-signature and the following post will teach anyone how to create a 2 of 2 multisig wallet. Years ago cryptocurrency developers came up with an idea to increase wallet security by leveraging a multisig wallet. Basically, a 2 of 2 multisig wallet consists of two wallets but people can create wallets with more than two signers. […]

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Global Banks Reportedly Limit Service in Hong Kong for Political Reasons

Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law. Major international banks like Credit Suisse and HSBC are reportedly scrutinizing their Hong Kong clients amid the ongoing protests over China-backed national security law. According to a July 19 report by Reuters, global banks including Credit Suisse, HSBC, Julius Baer, and UBS are now screening their clients in Hong Kong on potential ties to the city’s pro-democracy movement. Social media spies Citing a group of anonymous people familiar […]

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China Adds a New City to Their Fintech Pilot Initiative

China’s central bank adds a new city to its fintech innovation supervision pilot. The People’s Bank of China has officially added Chengdu, the capital of China’s Sichuan province, to the list of regions carrying out fintech innovation supervision pilots, according to local news on July 20. Industry insiders believe that Chengdu’s official approval will further accelerate fintech innovation and actively help Chengdu build a regional fintech center with international influence. The city is reportedly focusing on big data, artificial intelligence, cloud computing, and blockchain technologies. It is […]

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Adam Back Denies Having a Beer With Satoshi Nakamoto

An early Bitcoin adopter contends that Adam Back had a beer with Satoshi Nakamoto in London, while Back uncategorically denies it. According to Marshall Hayner, an early Bitcoin (BTC) adopter, Adam Back had a beer with Satoshi Nakamoto in London. “Yeah, I met him onceâ€� Metal Pay CEO Marshall Hayner told Cointelegraph a story he heard from Back at a party in Los Gatos some years ago. The party was thrown to celebrate the formation of Blockstream and its successful capital raise. Hayner said that he was […]

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Don’t Fall for These Fake Chinese CBDC Scams

Scammers promise high yields for people who allocate their money in a fake CBDC-related investment scheme. Cities in China will soon begin testing a new Central Bank Digital Currency, or CBDC. Scammers are now taking advantage of this fact by impersonating “CBDC testâ€� groups. According to Tencent QQ, criminals are promoting a scam that asks potential victims to open a new debit card. Victims are told they will receive a “significant amount of moneyâ€� after an initial investment, generally starting around 10,000 yuan ($1430 USD). Each victim […]

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EToro Experienced a Dip in Growth for Every Crypto but Tezos in Q2

eToro users eased up on every cryptocurrency in Q2 2020 with the exception of Tezos, according to the brokerage firm’s latest report. eToro experienced a decline in growth of investor interest in every cryptocurrency except Tezos (XTZ) in the second quarter of 2020. Top 5 cryptocurrencies by the growth in number of eToro users investing in it in Q2. Souce: eToro. Although Tezos saw a small uptick in the number of eToro users investing in the last quarter — only 2.53%, it was enough to take first […]

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Price Analysis 7/20: BTC, ETH, XRP, BCH, BSV, ADA, LTC, BNB, LINK, CRO

Most major altcoins have witnessed profit booking as traders become cautious about the future of Bitcoin’s price. Gold continues to trade near its nine-year highs as investors hedge their portfolio against a possible devaluation of the U.S. dollar due to the expansive monetary policy of the Federal Reserve. Bitcoin (BTC), which has long been forecast as digital gold, is not finding favor among investors as it remains highly correlated with the U.S. equity markets. However, Binance CEO Changpeng Zhao believes that over the long-term, the top-ranked asset […]

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Ethereum Challenges Hackers to Attack Proposed 2.0 Networks

The Ethereum Foundation launched two Eth 2.0 attack networks for hackers to break in exchange for a bug bounty. The Ethereum Foundation, or EF, has launched public “attack networksâ€� for Ethereum 2.0 based on existing stable clients. The networks are designed to give security researchers a sandbox environment where they can try to break Ethereum 2.0’s networks by exploiting potential issues in the clients. Currently there are two “beta-0â€� attack networks based on the Lighthouse and Prysm clients, built respectively by Sigma Prime and Prysmatic Labs. According […]

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