Monthly Archives: August 2020

Remembering Hal Finney’s contributions to Blockchain and beyond

Adam Back recalls Hal as a constructive personality who never engaged in squabbles. It’s been six years since Hal Finney passed away from the Amyotrophic Lateral Sclerosis, or ALS. Finney is known as an early supporter of Bitcoin (BTC), and one of the first people to respond to Satoshi Nakamoto’s initial post on the cypherpunk mailing list. In Bitcoin’s earliest days, he was the only one who fully understood the possibilities of the technology, without being overtly skeptical about its prospects.  Finney was one of the better-known […]

More info

Ministers used influence to pilfer millions in alleged Ponzi Scheme

They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated. A recent filing from the United States Securities and Exchange Commission, or SEC, takes action against three individuals for allegedly raising millions of dollars against more than 1,000 victims.  “From 2017 to May 2019, Jali, Frimpong, and Johnson, directly and through two entities created to perpetrate the scheme, Smart Partners and 1st Million (the ‘Companies’), fraudulently raised more than $27 million from approximately 1,200 investors, many of them African […]

More info

Geopolitical risks prevail as new players emerge in the crypto mining space

China is not the only country that wants control of this highly coveted industry. Taras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can offer to crypto miners. During an interview with Cointelegraph, Kulyk stated that global diversification of hashrate has been increasing as countries around the world vie for control of the crypto mining industry. Kulyk believes that China has been a desirable hub for crypto […]

More info

Crypto market remains bullish as $1B in Bitcoin derivatives expire

Major monthly Bitcoin options and futures expiry sees markets becoming bullish on BTC. Bitcoin derivatives witnessed a major expiry event with a notional value of over $1 billion. Today, $272 million of Bitcoin futures expired on the Chicago Mercantile Exchange, while over 65,000 Bitcoin options contracts expired across Deribit, CME and OKEx, having a notional value of over $740 million. Usually, major expiry events bring about a considerable change in volatility and price that can be seen through derivatives volumes, open interest and even put/call ratios. The […]

More info

A new Cardano-based project is handling oracles a lot differently than Chainlink

Will Cardano rely on its oracles or integrate Chainlink’s? Cardano (ADA) is getting into data oracles ahead of the Goguen era that will add smart contract functionality, taking a different approach than Chainlink. The first oracles are being built in partnership with EMURGO, one of the companies in the Cardano ecosystem, and Ergo (ERG). The first two oracles are deployed on Ergo and provide price feeds for the two trading pairs: ADA/USD and ERG/USD. The new model introduces Oracle Pools, which are capable of incentivizing good and […]

More info

‘Sex sells’ – sex.crypto sells for 230 ETH

The purchaser currently owns 196 Unstoppable Domains. Earlier today, the domain ‘sex.crypto’ sold for 230 ETH, or approximately $90,000 at press time. The domain extension .crypto is generated by Unstoppable Domains and is censorship-resistant. The transaction, which occurred on OpenSea’s token marketplace, was completed by a user named Maxstealth. Currently, he owns 196 .crypto domains in total. This individual or entity appears to be an Ethereum (ETH) whale, as the Ethereum address from which the payment was sent has received over 10,000 ETH. Currently, the account has only 1.75 […]

More info

The Cointelegraph Talks music panel starts now, watch here!

Three entrepreneurs will discuss how innovation flourishes at the intersection of blockchain and music. Cointelegraph’s head of news, Dylan Love, is hosting three guests for a livestream on our YouTube channel about blockchain technology’s impact on the music industry. The event starts right now: check it out above, or head over to our YouTube page to watch it live. It’s increasingly difficult for musical artists to navigate promotion, distribution and getting paid after they record their music, but each of the guests on today’s show run blockchain […]

More info

Price analysis 8/28: BTC, ETH, XRP, LINK, BCH, LTC, BSV, CRO, BNB, EOS

Bitcoin and altcoins are holding key support levels, suggesting bulls will try to break above overhead resistance levels soon. In his speech on Aug. 27, U.S. Federal Reserve chairman Jerome Powell said that the central bank will allow inflation to stay above its 2% target level if the figure has been languishing below that level for a long time. Some analysts believe that this could mean no rate hikes for at least five years.   In response to the speech, the U.S.dollar index (DXY) resumed its downtrend while […]

More info

Federal Reserve’s Major Policy Shift to ‘Push Up Inflation’ Could Send Bitcoin Price to $500K

The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change. Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation. Fed Officially Set to Push Up Inflation The Federal Open Market Committee announced on Thursday significant changes to its policy strategy. The announcement coincides with Fed Chairman Jerome Powell’s speech to a virtual meeting […]

More info

Digital yuan doesn’t pose a threat to the hegemony of the dollar, says expert

Foreign investors still doubt the PBoC’s policies when it comes to the RMB exchange rate. Eswar Prasad, a professor of Trade Policy at Cornell University and a senior fellow at the Brookings Institution, believes that even though China’s digital yuan will enhance the renminbi’s role as an international payment currency, it will “hardly put a dentâ€� in the US dollar’s status as the dominant currency. In an opinion piece published in Project Syndicate, Prasad states that the Chinese government should keep reforming the country’s financial markets and […]

More info
1 2 3 5