Day: June 1, 2019

Crypto Boss Blows $100,000 in Ethereum on Official ‘Virtual’ F1 Race Car

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By CCN: As part of the new F1 Delta Time game, which is an officially recognized blockchain collectible game from Formula 1 racing, some recently bought a car for $100,000. The virtual vehicle is powered to the max and will, therefore, provide a significant advantage in the game. Single Car Token: Over $100,000 Bidding takes place in Wrapped Ether. The most recent sale ended for 415.9 Ether – nearly $110,000 at current prices. The car sold is a one-of-a-kind. The auction lays to rest any notions that there aren’t people…

Bitcoin (BTC) Reclaiming $8,700 Sets Stage For Instrumental Push to $9,000

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For the time being, Bitcoin (BTC) has stabilized, finding itself trading in no man’s land around $8,500 over the past day. If the cryptocurrency begins to make a move on $8,700, however, analysts are sure that things will start to heat up once again, giving BTC the momentum to push higher in yet another massive leg to the upside. Related Reading: Why All Bitcoin and Crypto Investors Should Consider U2F Security Keys Bitcoin Needs To Reclaim $8,700 Just days ago, we saw Bitcoin experience a crazy bout of price action,…

64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

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United States-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges. The data was revealed in a Chainalysis webinar attended by Cointelegraph on May 30. A ransomware attack involves the infection of a target with malware and the demand of a ransom payment — frequently denominated in cryptocurrencies. The payment is demanded in return for the ostensible delivery of a decryptor tool that can help victims recover access to their data. Chainalysis — which provides blockchain analytics tools that…

Recent Bitcoin Price Rally Was Due to These Three Reasons: Expert Says

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The chief of digital assets at Susquehanna has recently shared on CNBC the reasons for the most recent Bitcoin price surge On Thursday, May 30, the head of digital assets at Susquehanna International Group, Bart Smith, gave a stream interview during CNBC’s Squawk Box program. Bart Smith first stated that there are numerous reasons for the recent rise of Bitcoin, such as geopolitical, technological and regulatory, among other factors. However, the expert picked out three most important drivers for the BTC price growth. Reason 1. The US-China trade war This…

Peter McCormack Might Pay Craig Wright More Than £700,000

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Peter McCormack, the host of the “What Bitcoin Did” podcast, revealed details about preparing for his legal battle with Craig Wright and Calvin Ayre. He also requested help from the crypto-community to build “the most vigorous defense possible.” In a pretty long Twitter thread, McCormack explained every step he will have to pass by through to defend himself from Wright’s accusations. 1/ I have instructed RPC to act of my behalf in my defence against Craig Wright. After reviewing pro-bono offers v the market I have decided it is essential…

Biggest Heists in Bitcoin History and How They Were Pulled Off

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Bitcoin’s history is rife with hacks and heists, sometimes resulting in six-figure bitcoin losses and businesses going bankrupt, unable to pay their customers back. A new video by Bitcoin.com explores the largest bitcoin heists in history and explains how each one was pulled off. Also read: How to Earn Bitcoin Cash Income Lucrative Crime With cryptocurrencies’ steep rise in value, heists have become increasingly lucrative for hackers. The biggest targets have so far been crypto exchanges with weak security measures. Since a large number of crypto users are still not…

Bitcoin (BTC) Price Recovers Sharply: Can Bulls Overcome Hurdles?

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Bitcoin price declined heavily and tested the $8,000 support area against the US Dollar. The price recovered nicely and traded above the $8,300 and $8,450 resistance levels. There is a rising channel forming with support near $8,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is facing a solid resistance near the $8,600 area and the 100 hourly simple moving average. Bitcoin price is currently recovering above $8,450 against the US Dollar. BTC needs to surpass the $8,600 barrier to move back in a…

Technicals Showing Bitcoin (BTC) Clearly Entered Overarching Bull Trend

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Historical Bull Run Triggers Bitcoin (BTC) may be a new paradigm in finance, technology, and human psychology, but its chart remains cyclical and rife with patterns, much like almost every other asset in circulation. And according to said patterns, Bitcoin is decidedly in an overall bullish trend. Let’s take a look. Per Josh Olszewicz, an analyst at Brave New Coin, the 100 exponential moving average (EMA) and 100 daily moving average (SMA) on Bitcoin’s daily resolution has only crossed six times in BTC’s history as a liquid asset. Most recently,…

Vinny Lingham Says Bitcoin May Blow Through $10K, Test $12K Soon

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By CCN: The bitcoin price is trading higher headed into the weekend and is currently hovering at $8,572, up 2.7%. After the recent spike beyond $9,000 and dramatic fall back to Earth, the market clearly is doing its best to go higher. Just ask Vinny Lingham, who is at the helm of blockchain-fueled ID startup Civic and a general partner at Multicoin Capital. Lingham, who has only recently turned bullish on the bitcoin price, tweeted: “This BTC action looks aggressive. Makes me think that we may blow through 10k and test…

Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption

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The CEO of transactions firm NZIA Ltd, Jay Joe, says Bahamian tech startups will need to lead the development of Project Sand Dollar, according to a report by the Nassau Guardian on May 31. Project Sand Dollar is an initiative to tokenize the Central Bank of the Bahamas’ (CBOB) fiat currency as a central bank digital currency (CBDC), which is supposed to launch in the Bahamian district Exuma this year. Joe discussed how he thinks participation from local banks, small and medium-sized enterprises, and entrepreneurs in CBDC implementation will be…