Day: September 27, 2019

AI Firm Core Scientific Acquires Creator of Mining Program Honeyminer

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Blockchain and artificial intelligence startup, Core Scientific has acquired Stax Digital to further develop its infrastructure and software solutions. Creator of Honeyminer In a Sept. 27 press release, Core Scientific announced the acquisition of blockchain mining company Stax Digital, the creator of the most widely used GPU mining program, Honeyminer. Stax Digital’s CEO, Noah Jessop, said:  “With Core Scientific’s incredible hardware abilities—and now Honeyminer’s best-in-class optimizations and global software platform, together we are poised to offer best-in-class mining solutions within our data centers or embedded in any computer or device…

Price Analysis 27/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO

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Keep a close eye on Bitcoin for the next few days as a strong bounce might offer a good buying opportunity for traders who missed the bus last time. When Bitcoin (BTC) rallies sharply it does not leave a chance to buy. Traders then regret missing the bus. They promise themselves that they will buy on the next dip. However, when the prices correct, fear grips the traders and they again miss pulling the trigger. While there will be many reasons for a fall, unless the basic fundamental reason changes,…

Overstock’s Crypto Division Invests $2 Million USD in Evernym

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Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures. Blockchain-Based Identity Technology Evernym was founded in Salt Lake City in 2013 and has developed a blockchain-based technology that allows organizations and governments to issue, accept, and verify credentials that operate similarly to a digital passport. Its digital credential platform, Verity, allows organizations to interact with customers while giving clients control over their data. The technology utilizes blockchain to develop a decentralized ecosystem of digital credentials that is more trustworthy than physical…

Facebook COO Sandberg in Talks to Testify On Libra Before The House

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Facebook’s chief operating officer Sheryl Sandberg is in talks with the House Financial Services Committee to testify on Libra, Facebook’s stablecoin. Discussions on market power and Libra According to a Bloomberg article from Sept. 26, Facebook is currently trying to get its chief operating officer Sandberg in front of the House Financial Services Committee, perhaps as soon as next month. Sandberg is expected to testify on the social media giant’s global market power and its plans to launch its stablecoin Libra in 2020, a source familiar with the talks told…

Bitcoin Smart Contract Platform RSK Acquires Latin America’s Fourth Largest Social Network

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IOV Labs, the parent company of Bitcoin smart contract platform RSK, has announced the acquisition of Taringa. As a result, the Hispanic social media network’s 30 million users and 1,000+ active communities will be exposed to dapps, tokenization and P2P trading. Crypto companies acquiring traditional businesses, before introducing tokenized features, is now a growing trend. Also read: Latin American Payment App Mercado Pago Can Be Topped-Up With Crypto RSK to Roll Out Tokenized Services to 30 Million Latin American Users Taringa is a Spanish language social network that feels like…

Ethereum (ETH) Price Will Reach at Least $3,300 Next Bull Market

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Ethereum Still Has Much to Grow For most of this year, all eyes have been on Bitcoin, the leading cryptocurrency by market capitalization. Indeed, altcoins, including Ethereum and XRP, have suffered heavy losses this year, both in terms of price and investor interest. Altcoins are doing so poor, in fact, that the Bitcoin dominance metric has trended higher to 68.2%, even hitting a 71.2% reading early in September. However, a recent analysis by a cryptocurrency economics research group suggests that it may be unwise to ignore Ethereum, as the cryptocurrency…

Animoca Brands to Develop Blockchain-Based MotoGP Manager Game

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Blockchain and artificial intelligence firm Animoca Brands Corporation Limited has entered into a partnership with sports management company Dorna Sports, S.L. to develop a blockchain-based MotoGP manager game. Per a press release shared with Cointelegraph on Sept. 26, Animoca Brands completed a strategic capital raise of A$1 million ($677,600) from a group of investors, including Moses Tang, the founder of AP Capital and founding chairman of Goldman Sachs Asia Pacific. The company is planning to allocate part of the funds to advancing the manager game. Make it to the 2020…

Fake Royal Letter Asks $2.5M in BTC to Save UK’s Economy After Brexit

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Scammers asked British citizens for nearly $2.5 million in Bitcoin (BTC), claiming that the funds will be spent to maintain the local economy after Brexit. Physical letters vs emails Fraudsters apparently sent out physical letters to the British, posing as a private secretary of Queen Elizabeth II, according to one of the alleged copies revealed by an exec of a local tech firm. Paul Ridden, CEO at United Kingdom-based IT firm Smarttask, posted a picture of the letter on Sept. 24 on LinkedIn, chuckling about the apparently failed phishing scam…

Binance Helps UK Police to Stop $51 Million Phishing Fraud

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Binance claims to have assisted British prosecutors in an investigation of an online fraud that resulted in over $51 million losses by victims. Criminal is now jailed On Sept. 26, Binance’s chief compliance officer Samuel Lim published a blog post saying that the exchange was working with the Cyber Crime Unit of the United Kingdom’s Metropolitan Police Service to investigate into Bulgarian phishing expert Svetoslav Donchev. As officially reported by the Crown Prosecution Service (CPS), Donchev, 37, was extradited to the U.K. from Bulgaria to face the online scamming fraud…

Stablecoins and Crypto Not Suitable Money Substitutes

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Mario Draghi, president of the European Central Bank (ECB) shares his views on stablecoins, the future of crypto assets, and possible digital form of the Euro. Monitoring developments in crypto On Sept. 27, in a letter addressed to European parliament member Eva Kaili, ECB president Mario Draghi noted that the European System of Central Banks (ESCB) is closely monitoring developments in the cryptocurrency industry. Draghi added: “The ESCB is analysing crypto-assets and stablecoins with a view to understanding their potential implications for monetary policy, the safety and efficiency of payments…