Month: August 2018

Negligence of Major Phone Companies Is Crypto’s Biggest Threat

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This interview has been edited and condensed. Michael Terpin is an American blockchain and crypto investor who has worked with over 100 projects running Initial Coin Offerings (ICOs) since entering the blockchain space in early 2013. Terpin co-founded  BitAngels in 2013 and, more recently, founded blockchain PR firm Transform Group. The investor and entrepreneur recently hit mainstream and crypto media headlines following his high profile case against U.S. telecom giant AT&T. Terpin is suing AT&T for negligence that allegedly resulted in the theft of over $24 million of Terpin’s crypto…

Dogecoin Price Leaps Over 30 Percent

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Dogecoin price today had its Thank-God-Its-Friday moment after rising by more than 30 percent against the US Dollar. DOGE/USD began the day by continuing to its bull run. The pair on Thursday had jumped sharply from 0.00246-fiat to 0.00324-fiat, i.e. 31 percent amidst a strong buying spree. As the Asian trading session began today, the price was hovering inside 0.00328-0.00385 area, forming higher highs and higher lows. The uptrend matured as the European session came into play, adding another 30 percent gains to the market. At the time of this…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 31

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. A new study from the initial coin offering (ICO) advisory firm Satis Group has claimed that the price of Bitcoin (BTC) could soar to $98,000 within the next five years. However, the company forecasts a lower target for both Bitcoin Cash (BCH) and…

Bitcoin Scam: Fraudsters Buy 26 BTC Using Counterfeit Euro Bills in the Netherlands

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In the Netherlands, an individual has fallen victim to another Bitcoin scam using counterfeit currency notes. This case comes less than a fortnight after another similar high-profile occurred in South Korea involving a group of Serbian fraudsters and a South Korean businessman. Details of the Bitcoin Scam According to local Dutch media outlet, rtlnieuws.nl, a man has been duped to the tune of €180,000 by a group of fraudsters in Amsterdam. Police in the city says the victim was approached by the alleged scammers via an online forum to sell…

Important Rules For Protecting and Storing Your Crypto Holdings

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In today’s digital world, we are sitting on zettabytes of digital data generated from various online, as well as offline activities. These data volumes will only grow exponentially, as the trend shows, doubling every two years through 2020 and beyond. Much of this data is private and sensitive; therefore, it requires protection, which in our digital age implies encryption. The shift from traditional systems to digital platforms has led to a lot of new development across industries. Bitcoin is one such invention that has taken the financial sector by storm.…

Japanese Social Media Company LINE Launches Cryptocurrency

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Japanese social media company LINE is doubling down on its bet that cryptocurrency has a bright future. The publicly-traded LINE announced on Friday that it has launched its own cryptocurrency, named “LINK,” complete with an independent blockchain designed to serve as a platform for decentralized applications (dApps). A LINE representative told CCN that the blockchain is based on a Delegated Proof-of-Stake (DPoS) consensus algorithm to facilitate speedy transactions. Further, the blockchain is already up and running. LINE said that the LINK Chain Genesis block was processed more than a week…

Colombian President Promises to Cut Rent Taxes for Crypto Firms

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Colombian President Ivan Duque has recently promised to cut taxes for cryptocurrency and blockchain startups, local newspaper El Tiempo reported Wednesday, August 29.   Duque delivered an opening message during ANDICOM, an international congress on information and communications technology (ICT) held annually in Cartagena de Indias, Colombia. A recording of his speech is now available on YouTube. President confessed that he was “obsessed” with technology, especially with robotics and artificial intelligence (AI). He further stressed that Colombia needs its own regulator for the ICT industry and promised to establish a high…

Bitcoin Price Intraday Analysis: BTC/USD Reverses from $7,000

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Bitcoin on Friday recovered more than 3 percent from its intraday low near $6,800. The BTC/USD began the day continuing to its steady upside recovery and reached as above as 7020-fiat during the early Asian trading session. The bounce back could have been more effective had it managed to break above 7000-fiat for a more extended period. But as the European session came into play, traders visibly started exiting their positions around 7000-fiat – verifying it as a strong selling area. As a result, the pair dropped and formed lower lows…

Ethereum Developers Move to Reduce New Cryptocurrency Creation

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A proposal that, if enacted, would change how much new cryptocurrency is released on the world’s second-largest blockchain was finalized Friday, with developers agreeing to include the code for such a change as part of ethereum’s upcoming October upgrade, Constantinople. Speaking on a video call, a group of 14 developers agreed to support code that would reduce the amount of new cryptocurrency introduced on ethereum to 2 ETH per block, down from 3 ETH today, by implementing an updated version of an ethereum improvement upgrade named EIP 1234. Notably, investors…

Gyeongbuk Coin | A New Digital Coin for Gyeongsangbuk-do Province

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China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a province-specific coin called the Gyeongbuk coin. But why? South Korea’s Gyeongbuk Coin The province is issuing the Gyeongbuk coin to replace an already existent state loyalty scheme — the already existent “Hometown Love Gift Cards”. South Korean legislators are making this move to further integrate cryptocurrency across the nation. 100 billion won…