Day: May 29, 2019

John McAfee Shills New Freedom Coin Ahead of Fall 2019 Launch

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By CCN: John McAfee is launching a new cryptocurrency that bears his name. The McAfee Freedom Coin will make its debut in the fall of 2019, according to the crypto maverick in a tweet. In true McAfee fashion, John is naming the coin after himself, but there are some surprising features, as well, and they mostly include what the coin won’t have. In his tweet, McAfee kind of killed the mood among his followers, or at least confused them, when he stated: “No it is is not mined. No, we…

Telegram Officially Releases TON Testnet Blockchain Lite Client

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Encrypted instant messaging service Telegram has officially released a test client for its Telegram Open Network (TON), according to files posted on test.ton.org. The newly introduced archive of files available for download is a distribution of a preliminary version of the TON Blockchain Network Lite Client along with the relevant portions of the TON Blockchain Library, according to the readme information file. The development is a simplified stable version of the Lite Client. On May 25, a GitHub user seemingly uploaded a version of the client. Per the readme file…

Yahoo-Backed Exchange Enters Japan Market Amid Renewed Interest in Crypto

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Japanese cryptocurrency exchange Taotao is expected to go live at noon on May 30, as per the company’s official Twitter page. Notably, the new trading platform is heavily backed by Yahoo Japan, marking the local internet giant’s arrival into the field of crypto. The timing seems to be on point, now that the market has finally shaken off the bear. But how likely is Taotao to dethrone its competitors — both current and those to come — in a complex market such as Japan? What is Taotao, and how exactly…

2019 AP Stylebook Provides Guidelines for Writing Blockchain-Related Terms

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Major New York news outlet, the Associated Press (AP) has announced that its latest version of The Associated Press Stylebook and Briefing on Media Law has a new section on cryptocurrencies in an official Twitter post on May 29. According to the new AP style guidelines, which constitute a popular standard for professional publications, writers should capitalize the names of cryptocurrencies when referring to them as a system but should keep the first letter lowercase when referring to token payments. They provided the following two sentences as examples: “The government…

World Economic Forum Forms Tech Policy Councils for Blockchain, AI, IoT

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The World Economic Forum (WEF) announced the formation of six separate “fourth industrial revolution councils” to work on new technology policy guidance, according to a press release shared with Cointelegraph on May 29. Per the release, the councils intend to help regulators regulate artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine. The boards — allegedly composed by over 200 leaders from the public and private sectors, civil society and academia — will also gather regularly to address the absence of clearly defined rules. The announcement notes…

Crypto Lending Platform Cred to Migrate Tokens to Binance Mainnet in New Partnership

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Major crypto exchange Binance has partnered with decentralized crypto lending platform Cred to bring its services to the Binance ecosystem, according to a press release published on May 29. As part of the agreement, Cred will migrate some of its ERC-20 LBA tokens to Binance’s mainnet, Binance Chain, and become the official lending and borrowing platform for the decentralized financial ecosystem. Commenting on the partnership, Ted Lin, Chief Growth Officer at Binance, said that Binance chain’s “one-second block time and will ensure transactions and interactions by Cred’s users will be…

Bitcoin Close to Full-Blown FOMO as Price Nears Key 10K Level

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By CCN: After a week in which bitcoin flirted with $9,000 for the first time in a year, Fundstrat’s Tom Lee cited data which suggests the point of no return is fast approaching. According to data from Fundstrat, when the value of bitcoin crosses the $10,000 barrier, it’s full-blown FOMO all the way. Labeled as ‘Level 10’ FOMO, this represents the equivalent value at which Bitcoin has soared in the past. Full Blown ‘Level 10’ FOMO Approaching for Bitcoin Global head of the Financial Times, Adam Samson tweeted the following…

Former Goldman Sachs Exec Leaves Blockchain.Com for Ripple

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Former Goldman Sachs exec Breanne Madigan has left her position at crypto wallet provider Blockchain.com to join Ripple, crypto media outlet The Block reported on May 28. Madigan, a Wall Street veteran with about 14 years of experience at major global investment bank Goldman Sachs, has reportedly left Blockchain.com after serving there as Head Institutional Sales and Strategy for 14 months, according to her LinkedIn profile. The former Goldman Sachs executive has reportedly joined Ripple to lead the Global Institutional Markets team to attract more institutional investment to crypto space,…

‘Free Bitcoin’ Scam Propagated on YouTube Steals Crypto via Clipboard Hijacking

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The Qulab information-stealing and clipboard hijacker trojan is being propagated on YouTube via fraudulent videos about an allegedly free bitcoin (BTC) generator, BleepingComputer reports on May 29. According to the report, security researcher Frost reached out to BleepingComputer about the trojan scam, saying that YouTube would take down the fraudulent videos when reported, but new accounts and videos would subsequently pop up with the same MO. The videos reportedly describe a tool that lets users earn free bitcoin, with a link in the video description. The links then direct to…

Bitcoin SV Re-Listed on Binance? Chinese Fake News Kindles 67% Pump

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By CCN: Bitcoin SV (BSV) gained 67% in value in just a few hours on Wednesday, coinciding with the spread of fake news regarding its imminent re-listing on Binance. Chinese investors may have been hit hard after a doctored WeChat screenshot was circulated around the country’s “crypto media.” That’s according to VC and analyst, Dovey Wan, who spotted the fake post and offered a translation of its doctored content. Bitcoin SV: Back on Binance; CZ Confirms Craig Wright as Satoshi? Seems someone did it purposely just around the same time…