Day: July 7, 2019

The Ethereum Killer Is Already Here – And Its Name Is Binance

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Quietly, subtly, and without contest, Ethereum is currently under a sustained attack that has been ongoing for months. Long considered the king of the dApps, Ethereum is the one that other blockchain platforms seek to dethrone in their own attempts at ascension. Hence the well-known term – Ethereum Killer – which is often self-applied by ambitious crypto projects looking to punch above their weight. While those punches have thus far failed to land, it looks like Ethereum is now being assaulted on a completely different front by an unexpected foe:…

Top 5 Crypto Performers: XMR, BTC, BNB, ETC, XRP

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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. 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. The current hot debate is whether bitcoin will continue to rally while altcoins languish. Many have been outspoken in support of the largest cryptocurrency as it maintains its market dominance above 62%. Though bitcoin is the undisputed leader, it is unlikely that it…

Leading Medical Charity Dementia Society of America Opens its Doors for Crypto Donors

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The Dementia Society of America (DSA) has just announced that it will start accepting a range of cryptocurrencies in donations going forward. The DSA started investing in Bitcoin and accepting Bitcoin donations all the way back in 2016. Now, they’ve added four more cryptocurrencies to the list and put out a press release announcing their plans regarding donations received in crypto. The DSA plans to hold 51 percent of all donations in crypto for at least 6 months at a time and may or may not convert the remaining portion…

Bitcoin Below $11,400 as Top Cryptos Trade Sideways

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Sunday, July 7 — Мost of the top 20 cryptocurrencies are trading sideways at press time, as bitcoin (BTC) hovers under the $11,400 mark. Market visualization courtesy of Coin360 Bitcoin is currently down by 0.10% on the day, trading around $11,361 at press time, according to Coin360. Looking at its weekly chart, the coin is down by 0.45%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier this week, American investor and co-founder of Morgan Creek Digital Assets Anthony “Pomp” Pompliano explained his investing strategy and skepticism towards fiat currency…

Four Arrested in India in Connection With a $14 Million Cryptocurrency Fraud

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A number of cryptocurrency scams have already been reported across India where fraudsters have offered lucrative “oppoetunities” to victims, promising them multi-digit returns over their initial investments. In another such crypto fraud case that was recently reported, the police arrested four people from Surat, Gujarat. It is believed to be the sixth crypto scam in Surat alone, officials said. According to India’s leading newspaper, The Times of India, the police received a complaint about over a $14 million crypto fraud from multiple victims but the amount and the number of…

Nouriel Roubini Threatens Lawsuit to “Criminal” Bitcoin Exchange

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New York University professor and staunch bitcoin critic Nouriel Roubini is threatening to sue BitMEX, a global cryptocurrency exchange. The renowned economist lambasted Arthur Hayes, co-founder & CEO of BitMEX, for releasing a doctored video of a debate featuring the two. He alleged that Hayes, who owns the rights to the footage, neither permitted the organizers of the Asia Blockchain Summit in Taipei to stream the discussion live nor allowed the audience to record it. Hayes instead kept the video under wraps and tweaked it to fit a pro-bitcoin narrative before issuing…

Regulatory Overview of Crypto Mining in Different Countries

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A move by the Iranian government to cut off the power supply to local Bitcoin (BTC) miners grabbed headlines in June amid a soaring price gain by the preeminent cryptocurrency. As Bitcoin surged to prices not seen since 2017, a rising hash rate mirrored renewed interest in the cryptocurrency. By July 1, the Bitcoin mining hash rate surpassed 69 quintillion hashes per second. Nevertheless, the action by Iranian officials is a stark reminder that regulatory moves can still hold sway over the use of cryptocurrencies around the world. The Bitcoin…

Bitcoin (BTC) Miners Unfazed by Correction to $11,000

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Price Update: Bitcoin Stabilizes Around $11,000 Ever since hitting $13,800 last month, Bitcoin (BTC) has been subject to a bit of market turmoil. Shortly after hitting the aforementioned price point, which marked the highest the cryptocurrency has reached in just shy of 18 months, BTC collapsed. It wasn’t pretty. In the following 48 hours after hitting $13,800, Bitcoin slipped by upwards of $4,000, reaching around $9,700 — a jaw-dropping, harrowing loss of around 30%. What made this worse is that BTC failed to recover quickly, leaving many investors with a…

Bitcoin Scammers Taunt Victims on WhatsApp After a Successful Con of $30K

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If you’ve ever had the misfortune of being scammed, the first indicator is often the sudden disappearance of the actual scammers. You won’t be able to contact them. You’ll go through a period of denial, thinking that it must be a bad network or a busy day at the office. Then reality settles in and you finally accept the facts. However, the last thing you would expect is to receive a message from your scammers telling you that they are about to run away with your money. Well, that is…

Bitcoin’s 20% Slump From 2019-High Won’t Kill Strong Bullish Fundamentals

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Since June 26, within the past three weeks, the bitcoin price has declined from $13,868 to around $11,200 by 20 percent against the U.S. dollar. After recording a 250 percent increase in value year-to-date at its yearly peak, a pullback for bitcoin was generally anticipated by traders. Following its 20 percent decline, fundamentals for the dominant crypto asset remain strong as seen in its hash rate achieving an all-time high. What does all-time high bitcoin hash rate indicate? Since January 2019, the hash rate of the Bitcoin blockchain network has…