blockchain

Russian exchange, Livecoin terminates services after abrupt hack

TL;DR Breakdown: Livecoin has decided to close its business and repay users. The exchange was involved in a cyber-attack that took away their control of the platform. Livecoin, one of the long-running digital currency exchanges in Russia, has been forced to shut down its services after several attempts to regain control of the platform’s server. […] …

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Former U.S. Treasury Secretary Larry Summers Says Bitcoin (BTC) Is Here to Stay, Former Canadian PM Calls It Reserve Currency

Bitcoin (BTC) remains a hot topic of discussion among top delegates and institutions of the world. The former U.S. Treasury Secretary Larry Summers has recently endorsed Bitcoin saying that it is here to stay. During an interview with the Bloomberg Wall Street Week, Summers said: “I think some institution, like Bitcoin (BTC), is here to stay.
The post Former U.S. Treasury Secretary Larry Summers Says Bitcoin (BTC) Is Here to Stay, Former Canadian PM Calls It Reserve Currency appeared first on Coingape. …

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CBDC: Central Banks will do all to frustrate Bitcoin

TL;DR Breakdown Frank Giustra says that governments would stifle Bitcoin growth because of their CBDC projects. China launches a Digital Yuan ATM. Billionaire investor, Frank Giustra, has said that governments and central banks in the world will do all they can to stifle the growth of Bitcoin. In an interview with Daniella Cambone of Stansberry […] …

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Bitcoin adoption: real applications and users would push BTC mainstream

TL;DR Breakdown Andrey Sergeenkov says real-world use cases would boost Bitcoin adoption. Bitcoin is now being used to hedge against inflation. Famous crypto trader and journalist Andrey Sergeenkov think that Bitcoin adoption would be driven by real-world use cases and not institutional investors. He made this known in a recent article he wrote on Cointelegraph. […] …

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Move Over BitCoin… There’s a New Chief in Town!

ExMarkets and CoinMargin exchanges launch NativeCoin (N8V) Cryptocurrency Initial Exchange Offering! John Simmons, former chairman of the Nisqually Tribe (which operates the Red Wind Casino), wants to make it perfectly clear: “Move over Bitcoin, because there’s a new chief in town!” That new chief in the world of cryptocurrency is NativeCoin (N8V ), a sovereign […] …

The Good Ol’ Fake Crypto Giveaway Scam Still Generates Over $500K a Week, Report

Yes, you may have lost money with the Bitcoin crash. But at least you didn’t give a fake Elon Musk half a million dollars in a crypto scam. …

blockchain

Bitcoin is a speculative asset that has conducted some funny business – ECB boss Christine Lagarde

TL;DR Breakdown Head of European Central Bank thinks Bitcoin is encouraging money laundering. Investor Mike Novogratz says banks are the most notorious facilitators of money laundering. As Bitcoin price generates more buzz each day, some top-level people like Christine Lagarde are yet to accept the fact that the top coin is here to stay. Christine, […] …

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Millennials are the Backbone of the Crypto Market

The Millennial generation is likely to lead humanity into a phase of fintech as they hasten the adoption of Bitcoin. Researchers have discovered that cryptocurrency is three times more popular among members of the millennial generation than any other generation of Americans. They are increasingly choosing it as a long-term investment option. Millennials Around the […] …

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Bitcoin Gold: What’s the future of Bitcoin Gold

In 2009, Bitcoin (BTC) was introduced on the premise that everyone could participate in its mining process, which was the case until BTC gradually increased in value. As more people joined the train, the competition also increased effectively, which tipped the balance in the elite miner’s favor who had switched to a more sophisticated mining […] …

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A $400m Ethereum address known as “0xb1” is doing a giveaway to boost DeFi

If you’ve been following DeFi on Twitter over the past few months, you likely know of the address with the prefix “0xb1.” I’ve tweeted about the address a fair bit.
The post A $400m Ethereum address known as “0xb1” is doing a giveaway to boost DeFi appeared first on CryptoSlate. …

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Bitcoin Ban: Fresh move to end crypto in UK initiated

TL;DR Breakdown Neil F. Liversidge initiates petition to end crypto transactions in the UK Petition requires 100,000 signatures before Parliament debate Neil F. Liversidge, managing director at an independent financial solution firm in the United Kingdom, West Riding Personal Financial Solutions Ltd, has filed a petition to prohibit Bitcoin and other cryptocurrencies transaction in the […] …

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Twitter Boss Backs Company’s Move To Lock Out Trump But Compares Internet Freedom To That Of Bitcoin

Social media giant, Twitter, has been the topic on online streets over the past few days. This is after the company’s management made a decision to ban US President Donald Trump from its platform. A good number of people have called out Twitter for its decision, while another section of users have supported the move. […] …

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FinCEN Extends Dates for Public Comments on New AML Crypto Wallet Regulations

FinCEN has finally extended the period for public comment on its newly released AML regulations for virtual asset service providers after heavy backlash from people for technically prohibiting them from commenting on the proposed regulations. The press release by FinCEN notified that they are reopening the comments period by 15 days for its reporting requirements, and
The post FinCEN Extends Dates for Public Comments on New AML Crypto Wallet Regulations appeared first on Coingape. …

Meet Follow Trend: AI-Powered Bitcoin Trading

[Featured Content] Cryptocurrency markets are volatile. There’s absolutely no doubt about it. In fact, this is perhaps the most volatile market that one can choose to engage with. This became particularly evident in the past week. Over the course of just a few days, the price for Bitcoin marked an all-time high of $42,000 only […] …

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Newport man pledges 25% to search for missing hard drive with 7,500 Bitcoin

An IT engineer is seeking permission to search for a missing Bitcoin hard drive in a landfill site. The device reportedly contains about 7,500 Bitcoin, currently worth over $200 million. As the largest cryptocurrency saw an exponential growth in value over the past months, many people who sold thousands of BTC in the earlier years […] …

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Here’s why these 10 crypto personalities say Bitcoin is the BEST money

The debate on Bitcoin being money or not rages on.
The post Here’s why these 10 crypto personalities say Bitcoin is the BEST money appeared first on CryptoSlate. …

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Making your Bitcoin Transactions Truly Anonymous

Bitcoin’s founder, the famously anonymous Satoshi Nakamoto, holds the ability to keep your dealings private in high regard. But while Satoshi has been able to remain in the shadows, most other BTC holders are much easier to track down. Bitcoin is not as anonymous as many people in the cryptocurrency community are led to believe. […] …

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Former Ripple CTO Unable To Access $240 Million Bitcoin Stash

Bitcoin’s unprecedented run has reopened a lot of old wounds for early sellers and investors that have permanently lost access to their wallets. Some were lucky enough to gain some pizzas, others, a few dollars while some are left with nothing but fairytale imaginations of what could have been. The latter best describes the case […] …

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Programmer admits losing his Bitcoin portfolio worth over $200 million

TL;DR Breakdown: A computer programmer admitted losing access to his Bitcoin portfolio. He stored 7,002 BTC in a hard drive, which is worth over $200 million at today’s price. Imagine rightfully owning over a hundred million dollars but unfortunately inaccessible because of the same security measure you took to safeguard it? Indeed, such scenarios can […] …

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Breaking: German Authorities Seize Dark Web Marketplace Using Bitcoin and Privacy Coins

DarkMarket, a deep-web-based illegal marketplace offering ban substances and drugs to users was seized by German law enforcement today as per a report from Dark.Fall. The dark web marketplace was operating for over 7 years and the admins running the platform was identified as a 34-year old Australian man who was arrested by the German
The post Breaking: German Authorities Seize Dark Web Marketplace Using Bitcoin and Privacy Coins appeared first on Coingape. …

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Bitcoin faces uncertainty of “tapering”, hints Fed Chair

TL;DR Breakdown Experts say that Bitcoin bubble is soon going to burst as it’s unsustainable in the near term. The Federal Reserve has hinted of a possible “tapering” which can lead to Bitcoin plummeting. On the other hand, rollback from the Fed is unlikely as this would cripple the economy. Bitcoin has nearly quadrupled over […] …

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XRP now considered an exchange token – UK Treasury

TL;DR Breakdown UK classifies XRP, BTC and ETH as exchange tokens Ripple believes this classification helps in its defence against the SEC Financial authorities in the UK have clarified their position on what they believe the native token of Ripple is. According to a new document published by the Treasury, XRP, alongside crypto assets like […] …

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Liquid Federation Expanded By Six Even As Adoption Remains Sluggish

Six more members have been added into the Liquid Federation, the group in control and governing of the Liquid sidechain, which itself is a network […] …

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JPMorgan Strategists: A Crypto ETF Approval Would Cannibalize Bitcoin’s Price

Bitcoin’s price would take a serious hit in the event that an ETF were to be approved. That’s according to a team of analysts at JPMorgan Chase. The analysts, led by one Nikolaos Panigirtzoglou, compiled and released a report after studying the possible effects of an ETF based mainly on the large cache of BTC […] …

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Digital currencies disrupting the traditional finance world

Digital currencies, which include the well-known Bitcoin, Qoin, and Ethereum among others, are taking off across the world, particularly in emerging markets. The growth of digital currencies is bringing transformational change to the finance sector, partially as a result of adaptations that must be made by traditional financial institutions in order to stay competitive in a digital […] …