April

Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Source Node: https://cointelegraph.com/news/two-attacks-on-etc-network-leave-community-needing-a-solution-fast
Time Stamp: August 16, 2020 9:15 AM - Modified On: May 21, 2021 - Published By:
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Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years. Two such attacks occurred within a seven-day span, totaling millions of dollars in losses. With the dust settling from the two 51% attacks, further details are now coming forward, as provided by a number of industry experts.“There is no debate about the attacks,” ETC Labs CEO Terry Culver told Cointelegraph on Aug. 7, answering a question on whether or not the network difficulties were in fact 51% attacks. “Community

Warren Buffett Buying Gold May Push Bitcoin to $50K, Investors Say

Source Node: https://cointelegraph.com/news/warren-buffett-buying-gold-may-push-bitcoin-to-50k-investors-say
Time Stamp: August 15, 2020 8:07 AM - Modified On: May 21, 2021 - Published By:
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Berkshire Hathaway, the $503 billion conglomerate led by Warren Buffett, sold Goldman Sachs for a Canadian gold company Barrick Gold. Max Keiser, the founder of Heisenberg Capital and an early Bitcoin investor, says it could help buoy BTC to $50,000.The quarterly shareholder filing of Berkshire Hathaway shows Buffett trimmed his position on most major banks, Fortune reported on Aug. 15. The firm sold a substantially large portion of its shares in JPMorgan Chase, Wells Fargo and PNG.What Buffett’s decision to enter a gold position over banks shows about BitcoinBuffett’s decision

Craig Wright Won’t Need to Pay Hodlnaut $60K Until Appeal Is Over, Says Counsel

Source Node: https://cointelegraph.com/news/craig-wright-wont-need-to-pay-hodlnaut-60k-until-appeal-is-over-says-counsel
Time Stamp: August 14, 2020 8:56 AM - Modified On: May 21, 2021 - Published By:
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Craig Wright, a self-proclaimed Bitcoin (BTC) creator, is apparently not required to pay legal fees for a failed libel suit against the Twitter crypto enthusiast known as Hodlonaut.In an Aug. 14 email to Cointelegraph, Wright’s legal representative argued that he is not obliged to pay legal costs in the defamation suit until the Norwegian Supreme Court considers an appeal.The spokesperson said, “Craig has appealed to the Norwegian Supreme Court. Craig’s Norwegian lawyers say that there is no obligation on Craig to pay the costs until that appeal is dealt with.”The

Grayscale Bitcoin Trust Saw Surge in Investor Interest After March

Source Node: https://cointelegraph.com/news/grayscale-bitcoin-trust-saw-surge-in-investor-interest-after-march
Time Stamp: August 12, 2020 9:18 AM - Modified On: May 21, 2021 - Published By:
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The Grayscale Bitcoin Trust, an investment tool that aims to provide an indirect exposure to Bitcoin (BTC) for investors in traditional markets, reported a significant increase in how many shares it issued between Q2 and Q1 of 2020.According to an Aug. 7 filing with the Securities and Exchange Commission, the trust issued more than 87 million shares in Q2 2020, compared to the total of 133 million shares issued for all of 2020.The trust issued almost 90% more shares in the second quarter of 2020 compared to the first. This

What Would the Re-Election of Alexander Lukashenko Mean for Crypto?

Source Node: https://cointelegraph.com/news/what-would-the-re-election-of-alexander-lukashenko-mean-for-crypto
Time Stamp: August 10, 2020 10:33 PM - Modified On: May 21, 2021 - Published By:
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Protests have erupted in Belarus following the country’s presidential election on Sunday, but the possible continued presidency of Alexander Lukashenko may be good news for crypto.Lukashenko reportedly won re-election against opposition candidate Svetlana Tikhanovskaya in a landslide victory with more than 80% of the vote on Aug. 9. However, officials from many nations and within Belarus are condemning the election results as flawed, with reports of falsified ballots. ‘Europe's last dictator’The president of the eastern European nation has served since 1994, during which time he has made a number of statements

Ethereum 2.0 Testnet Performing Well, 1 Million ‘ETH’ Staked

Source Node: https://beincrypto.com/ethereum-2-0-testnet-performing-well-1-million-eth-staked/
Time Stamp: August 10, 2020 3:10 AM - Modified On: May 21, 2021 - Published By:
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It’s been almost a week since the launch of the ETH 2.0 final public testnet, which has been performing as intended by most accounts. As many as one million ETH have been staked on the Beacon Chain simulation, reviving hopes of a mainnet launch later this year. The Medalla ETH 2.0 testnet has been running for six days which has given developers a chance to monitor early progress. Launched on Aug 4, Medalla is the fifth and final testnet for the long-awaited upgrade to an Ethereum proof-of-stake consensus. Phase 0

Bitcoin is Almost as Big as Bank of America

Source Node: https://cointelegraph.com/news/bitcoin-is-almost-as-big-as-bank-of-america
Time Stamp: August 8, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation.Bitcoin's current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America's market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web. Bitcoin's market cap climbing in comparisonAlthough it has endured its fair share of dramatic price fluctuations, Bitcoin's price has grown substantially in 2020, rising past several

OneCoin Co-Founder Escapes 90-Year Jail Term Following Court Settlement

Source Node: https://cointelegraph.com/news/onecoin-co-founder-escapes-90-year-jail-term-following-court-settlement
Time Stamp: August 7, 2020 4:37 PM - Modified On: May 21, 2021 - Published By:
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Konstantin Ignatov, co-founder of major cryptocurrency exit scam, OneCoin, initially faced up to 90 years in jail after pleading guilty in November 2019. Now, however, it seems that Ignotov is no longer one of the key defendants in legal actions brought by victims of the $4 billion scam, according to a report from Finance Magnates on Aug. 7.OneCoin investors representing plaintiffs Donald Berdeaux and Christine Grablis have agreed to settle with Ignatov.While the details of the court settlement remain unclear, court documents indicate that the case will continue to target

10,000 New Blockchain Firms Established in China So Far in 2020

Source Node: https://beincrypto.com/10000-new-blockchain-firms-established-in-china-so-far-in-2020/
Time Stamp: August 7, 2020 1:39 PM - Modified On: May 21, 2021 - Published By:
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With over 10,000 new blockchain firms emerging in China in 2020, the number of companies developing solutions based on the novel tech appears set to cross the 90,000 mark. China remains a blockchain hub with Beijing’s anti-crypto stance not extending to companies looking to leverage decentralized ledger technology (DLT). The country’s Blockchain-based Service Network (BSN) is also looking to foster greater public-private partnerships in the sector. New Chinese Blockchain Firms in 2020 Surpass 2017’s Total According to figures from crypto market data provider LongHash, China’s blockchain startup scene has grown

InstaDapp Guide: Bridge to All DeFi Platforms

Source Node: https://www.asiacryptotoday.com/instadapp-guide-bridge-to-all-defi-platforms/
Time Stamp: August 5, 2020 11:21 PM - Modified On: May 21, 2021 - Published By:
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One of the drawbacks of decentralized finance (DeFi) protocols today is that you need different platforms to perform specific functions instead of having them all in one place. And that’s the problem that Instadapp is trying to solve. Instadapp is a DeFi platform that provides users and developers with a single point of integration to access all the DeFi protocols. As we are in the early days of the decentralized web, Instadapp aims to be a window into multiple DeFi services — tools that make transactions of crypto assets easier.

Why Bitcoin’s 3-Day Candle Close Could Lead to a “Parabolic Advance”

Source Node: https://www.newsbtc.com/2020/08/01/bitcoin-could-see-a-parabolic-advance/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-see-a-parabolic-advance
Time Stamp: August 1, 2020 2:30 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently expressing intense signs of strength as its price pushes up towards the $12,000 region. Although it has yet to breach this key level successfully, its strong overnight upswing does seem to indicate that a move higher is imminent in the near-term. This strength is likely rooted in the bullish monthly close that the benchmark cryptocurrency was able to post yesterday. This was the first time in three years that Bitcoin was able to close its monthly candle above $10,700. Many analysts are now noting that this may