Team Behind Foin Token Scheme Explains Catastrophic Price Drop

The Foin project — which is behind the eponymous token that sunk following its supposed unlocking period at the beginning of January — has released an official explanation of the token’s tanking after the purported price pump. Cointelegraph reported in an investigation on Dec. 30, 2019 that we had found a trail of suspicious movements in Foin’s (FOIN) price history, as well as a web of suspect business relationships associated with the coin’s development. As revealed by our investigation, there are multiple entities associated with Foin, like the Swiss-registered Foin…

Craig Wright Claims to Obtain Private Keys to $9.6B Bitcoin Batch

On Monday, according to a court filing to the U.S. District Court of Southern Florida Craig Wright, the Australian entrepreneur who claims to be the real creator of Bitcoin, “provided the necessary information and key slice to unlock the encrypted file”. As he said, these private keys are needed to unlock the $9.6 billion Bitcoin batch. In another filing, attorneys for Ira Kleiman, who is the brother of the ex-business partner of Wright Dave Kleiman, claimed that Wright only gave a list of 16,404 addresses. However, Kleiman says there was…

United Nations Says Stay Away From North Korean Crypto Conference

The United Nations has warned that attending a North Korean cryptocurrency conference in February is likely to constitute a sanctions violation, according to a report by Reuters on Jan. 15. The report follows last week’s indictment of Ethereum Foundation researcher Virgil Griffith on charges of conspiracy to violate the International Emergency Economic Powers Act. Griffith traveled to North Korea for its first blockchain and cryptocurrency conference in April last year. While there, he and other conference attendees allegedly discussed cryptocurrencies and blockchain technologies. The United States government contends that Griffith’s…

Ahead of Davos, What Can Cash Teach Us About Crypto?

This is part of a series of op-eds previewing the World Economic Forum in Davos, Switzerland. CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Follow along by subscribing to our pop-up newsletter, CoinDesk Confidential: Davos. Jill Carlson is a Principal on the investing team at Slow Ventures. The opinions below are her own. “Transactions are slow and costly.” “What is it backed by?” “Can we conduct anti–money laundering compliance?” “There are serious security flaws.”…

Cryptocurrency Market Gets Bullish, Bitcoin Price Rises to $8,800

The cold as winter market suddenly turns hot: major coins getting a significant bump in prices. Specifically, the main Bitcoin forks are hitting the price roofs with Bitcoin Cash, Bitcoin SV and a hefty of other coins gaining a larger price per coin in no time. The SV rise from $150 per coin to $400 per coin may be also connected with Craig Wright‘s promise to obtain the private keys from Satoshi’s 1 million coins. And… publications like this one. Bitcoin Cash has also received a bump-up going from the…

Block.one Announces EOSIO 2.0: More Security, Speed and Stability

Over six months after the crypto industry leader Block.one, parent of the cryptocurrency EOS, teased us with an improved version of the EOSIO 1.0 protocol, the blockchain firm is back on the scene with a better, faster and more secure version: the EOSIO 2.0. Around mid-2019, Block.one announced a newer version of the EOSIO 1.0 protocol. The newer version, which is obviously an upgrade from the first version, was dubbed EOSIO 2.0, and the crypto-oriented firm swears this protocol is a lot faster, simpler, and secure than the former and…

Former Venezuelan Gold Mining Company Wants to Centralize Bitcoin ATM Infrastructure

First Bitcoin Capital Corp. wants to unite the providers of bitcoin ATMs around the world. His plan: link thousands of ATMs run by dozens of often small-time operators with a comprehensive know-your-customer, transaction monitoring and regulatory compliance solution that streamlines every aspect of the back-end business. “We want to create a consortium of bitcoin ATM operators and put them on the global ATM network,” Rubin said. He said the consortium will roll out this year. First Bitcoin’s network hinges on its recently acquired 2015 patent. U.S. 9,135,787 B1, otherwise known…

Here’s Why Bitcoin Bulls Must Wait For Dip To $8.3K For Another Rally

Bitcoin extended its rally above the $8,800 resistance against the US Dollar. However, BTC price might now correct lower towards $8,400 or $8,300 before a fresh increase. Bitcoin price climbed to a new 2020 high at $8,898 against the US Dollar. The price is now showing signs of a downside correction below $8,700 and $8,600. There is a key bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to find a strong support near $8,400…

Bitcoin SV Officially Flips Bitcoin Cash: 3 Signs It’s Just a Pump And Dump

Bitcoin SV price extended its rally by more than 100% and climbed above $400.00. BSV surpassed the market cap of bitcoin cash, but let’s see if this rally can continue or not. Bitcoin SV price rallied significantly and above $300.00 and $400.00 against the US Dollar. It exceeded the total market cap of bitcoin cash and moved to the 4th There is a strong support forming near $350.00 on the 4-hours chart of the BSV/USD pair (data feed from Kraken). It seems like the price is now very far from…

Bitcoin SV Officially Flips Bitcoin Cash: 3 Signs It’s Just a Pump And Dump

Bitcoin SV price extended its rally by more than 100% and climbed above $400.00. BSV surpassed the market cap of bitcoin cash, but let’s see if this rally can continue or not. Bitcoin SV price rallied significantly and above $300.00 and $400.00 against the US Dollar. It exceeded the total market cap of bitcoin cash and moved to the 4th There is a strong support forming near $350.00 on the 4-hours chart of the BSV/USD pair (data feed from Kraken). It seems like the price is now very far from…