Monthly Archives: August 2020

Bitfinex Offers Up to $400M For Information Leading to BTC Stolen in 2016

Bitfinex wants to recover Bitcoin stolen from them in 2016, even if that means paying to find the hackers responsible for the attack. Crypto exchange Bitfinex is offering up to $400 million to anyone who can lead them to the hackers who stole over 120,000 Bitcoin (BTC) in August 2016. According to the company’s post on August 4, they are even willing to reward the hackers themselves. The people behind the 2016 attack breached the security systems of Bitfinex and managed to complete around 2072 unauthorized transactions. […]

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Tracing Fishy Risks With Blockchain Tech Amid the COVID-19 Pandemic

The COVID-19 pandemic has highlighted challenges in global seafood supply chains, and blockchain tech may help improve them. COVID-19 is the most devastating plague to ravage humankind this century. Every day, the number of patients infected with the coronavirus is rising globally and taking the highest human toll in the United States. The highly infectious virus was first contracted in November 2019 in Wuhan, the capital city of China’s Hubei province, through horseshoe bat-to-human contact at the Huanan seafood market.  Many of the initial COVID-19 patients were […]

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Chainlink Reaches New LINK Price All-Time High Eyeing $10 Next

The price of Chainlink has climbed to new heights as LINK continues to be one of the strongest cryptocurrency market performers of 2020. Without a doubt, one of the best-performing cryptocurrencies in the past few years is Chainlink (LINK). In recent days, the cryptocurrency surged from $6.80 to $9.30 capping a 40% percent move and becoming the number nine cryptocurrency by market capitalization.  Can Chainlink continue moving upward and even reach the magical number of $10 or higher? Crypto market daily performance. Source: Coin360 Chainlink rallies with […]

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Bitcoin Price Hits New All-Time High Against Turkish Lira

As the Turkish lira hits record lows despite foreign reserve selling, Steve Hanke says that only a “gold-backed currency boardâ€� can save the economy. A famous Bitcoin skeptic has called for a gold-backed currency to save Turkey as its national fiat currency collapses. In a tweet on Monday, John Hopkins professor Steve Hanke argued that hard money was now the only way out for Turkey, which has spent billions of dollars propping up the lira. Hanke: Turkey’s lira is “toastâ€� At press time, those efforts were still […]

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Ethereum Medalla Testnet Launch Suffers Block Finality Issue

The Ethereum Medalla Testnet launched, but it is not yet achieving the participation it needs. The Ethereum Medalla testnet launch, scheduled for 1pm UTC, did not proceed as smoothly as expected. While the network launched successfully and proposed a sufficient number of blocks at the supposed genesis time, participation rate was a mere 57%; much lower than the expected 80%. This means that only 57% of the stake is being deployed to validate the network. This presents a significant issue as block finality cannot be achieved until […]

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‘High Probability’ Bitcoin Rises as USD Sinks to 2008 Levels, Says CEO

The U.S. dollar is at risk of falling below the lower end of a 12-year trendline as some analysts argue that this may be a bullish turning point for Bitcoin price. The United States dollar (USD) index is currently testing the bottom of a 12-year trendline. But as some traders are calling it the “most pivotal momentâ€� for the global reserve currency since 2008, they believe that continuous depreciation will likely boost the price of Bitcoin (BTC). Since April, for over three months, the USD has declined […]

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Government Official Updates Progress of India’s Cryptocurrency Law

A government official has reportedly confirmed that a “note” regarding the legal framework for cryptocurrency in India has been forwarded to related ministries for inter-ministerial discussions. It would then be presented to the cabinet for approval. Status of Indian Crypto Bill India’s cryptocurrency bill is back in the limelight on Tuesday after Moneycontrol reported on a “note” that seeks to “ban trade in cryptocurrency,” citing an unnamed government official. On the condition of anonymity, the official supposedly told the publication that the Indian government has been holding […]

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Bitcoin Will Get Stronger After Crisis, Says US Congressman Emmer

United States Representative Tom Emmer is confident about the bright future of Bitcoin and blockchain technology. The largest cryptocurrency, Bitcoin (BTC), is not going away once the ongoing financial crisis subsides, United States Representative Tom Emmer (R-MN) believes. A known industry advocate, Emmer says that Bitcoin will only be getting stronger after the world eventually emerges from the economic chaos caused by the coronavirus. Bitcoin and blockchain will continue to become more important “As we come out of the crisis, Bitcoin ain’t going away, it’s gonna get […]

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The ICO Collapse Taught Projects How to Avoid Reprisals, MEW Founder Says

The collapse of the initial coin offerings provided invaluable lessons on how to avoid a similar fate, MEW’s Kosala Hemachandra says. The boom of the initial coin offerings defined the blockchain industry in 2017 and the first half of 2018 as capital flowed to finance many new projects and the associated services. Ahead of Ethereum’s five year anniversary, Cointelegraph interviewed Kosala Hemachandra, the founder of MyEtherWallet. As he revealed, the surge in activity in 2017 turned the one-man operation — started 10 days after Ethereum’s launch — […]

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The Evolution of Blockchain Games: Three Major Stages

There are certain stages that we need to go through before we are able to challenge and potentially replace the existing and proven gaming systems. When CryptoKitties burst onto the scene back in November 2017, we had our first taste of load-testing a blockchain solution at scale. Congestion spiked, and we saw glimpses of how far away we were from mass adoption being a realistic achievement. After setting about increasing “birthing fees,â€� in search of a better solution, the game continued to prove popular with both collectors […]

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