Month: July 2019

Crypto Criminals Send Scam Emails Impersonating British Financial Watchdog

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Cyber criminals have been sending scam emails claiming to be from the United Kingdom Financial Conduct Authority (FCA) and promoting crypto assets investments, financial market-focused platform FT Adviser reported on July 22. The letter impersonating the FCA is entitled “Guaranteed chance to earn” and features the watchdog’s logo and branding. After reading that “Bitcoin is still a long way off its peak price of $20,000, which it reached in 2017, but some cryptocurrency experts believe it could hit an even higher value by 2020,” it offers recipients to follow a…

Justin Sun Posts Video From San Francisco Following Investigation Reports

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Tron founder Justin Sun broadcast a live video from San Francisco to disprove reports that he was prevented from leaving China due to a police investigation. On July 23, Sun launched a live video on Twitter to deny rumors that he was prevented from leaving China by local authorities based on charges of money laundering, gambling and spreading pornography. Additionally, Sun posted a picture with him and his “aka bodyguard” Cliff Edwards, the Tron director of communications, with the Bay Bridge in the background. Justin Sun and Cliff Edwards in…

Ethereum’s EIP-2025 Stirring Controversy, ETH Prices slide 8%

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Ethereum (ETH) is down 8.1 percent Istanbul may include the activation of EIP-2025 Code improvement is vital for the survival of any public chain. Even though EIP-2025 is an enhancement that will aid in funding Ethereum development, there is resistance against its activation. At the time of press, ETH is down 8.1 percent in the last week. Ethereum Price Analysis Fundamentals Because of asset tokenization, the future of facilitating platforms as Ethereum is bright. However, their success largely depends on the ingenuity of project’s creators. In the case of Ethereum,…

Ethereum’s EIP-2025 Stirring Controversy, ETH Prices slide 8%

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Ethereum (ETH) is down 8.1 percent Istanbul may include the activation of EIP-2025 Code improvement is vital for the survival of any public chain. Even though EIP-2025 is an enhancement that will aid in funding Ethereum development, there is resistance against its activation. At the time of press, ETH is down 8.1 percent in the last week. Ethereum Price Analysis Fundamentals Because of asset tokenization, the future of facilitating platforms as Ethereum is bright. However, their success largely depends on the ingenuity of project’s creators. In the case of Ethereum,…

Swiss Data Protection Regulator Seeks Details on Facebook’s Libra

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The Swiss data protection regulator is waiting for Facebook to provide it with particulars on data protection risks associated with the forthcoming Libra digital currency, Reuters reported on July 23. The Federal Data Protection and Information Commissioner (FDPIC) — the competent authority for data processing by federal bodies and individuals in Switzerland — sent a letter to Libra Association on July 17, asking for details about Libra. The FDPIC stated: “The Federal Data Protection and Information Commissioner has noted the remarks made by Mr. David Marcus at his hearing before…

Bitcoin Is Property, Chinese Court Rules — No Crypto Ban Contradiction

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Last week, Bitcoin (BTC) was legally recognized by a Chinese court, whereby it was concluded that the cryptocurrency should now be considered as digital property. The decision that the Hangzhou Internet Court made in a ruling was met with enthusiasm from some community members, who assumed that Bitcoin is now legal in the People’s Republic of China (PRC) — famously one of the harshest jurisdictions for digital currencies in the world — and that the local government might soon ease its pressure on Bitcoin. However, some experts are less confident…

Ethereum Classic Developers Focus on Atlantis, Failure Could See ETC Prices Halve

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Ethereum Classic (ETC) down 4.7 percent Interoperability through Atlantis could be the shot in the arm for ETC bulls Atlantis will signal the beginning of Ethereum Classic-Ethereum interoperability. Beneficial for both networks, ETC prices will likely edge higher. That’s despite the overwhelming sell pressure threatening to drive prices to $3. Ethereum Classic Price Analysis Fundamentals As long as blockchain transactions are collaborative and on-chain, solving scalability related frictions will always be daunting. For now, there is progress. Different networks with varying objectives are implementing solutions they see fit. Of the…

Bitcoin Causes 0.03%-0.06% of Global CO2 Emissions

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According to a report released on July 23 by the International Energy Agency Bitcoin (BTC) mining is likely responsible for 10‑20 Metric tons (Mt) of carbon dioxide (CO2) per year or 0.03-0.06% of global energy-related carbon dioxide emissions. Bitcoin consumed more in 6 months than Ireland in 12 Per the report, the recent price and hash rate increase of the Bitcoin network increased its energy consumption, and it is estimated that during the first six months of 2019 it has already consumed 29 TWh. This is more than the annual…

Changpeng Zhao’s Confidence, Bitcoin (BTC) down 8%

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Bitcoin (BTC) is down 8.3 percent week-to-date Binance CEO said cryptocurrencies would survive Changpeng Zhao, the CEO of Binance, is of the view that President Trump’s mentioning of Bitcoin is positive. As an unstoppable force and an innovation, Bitcoin won’t die. At the time of writing, BTC is under liquidation pressure, shedding 3.1 percent in 24 hours. Bitcoin Price Analysis Fundamentals Often, change is hard, especially for the privileged. However, change is inevitable. For a long time, central banks and financial institutions have enjoyed the benefit of monopoly. Their power…

The Only Explanation for This Tron Dumpster Fire – CCN Markets

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A Tron announcement is NEVER what it seems, and Justin Sun’s lunch date with Warren Buffett might just be the ultimate bait-and-switch. | Source: Tron Foundation/YouTube  It’s a truth universally acknowledged that a Tron announcement will never be quite what it seems, and “Sun’s Law” is playing out on Tuesday in spectacular fashion as Justin Sun faces a shellacking in Chinese media – and the TRX price burns. What began as a simple bout of kidney stones for the wunderkind Tron founder has infected TRX investors around the globe. But,…