Day: February 27, 2020

CFTC Holds A Meeting to Learn All About Stablecoins

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American financial regulators have sat down with major stablecoin projects in an effort to better understand the industry. The Commodity Futures Trading Commission’s Technology Advisory Committee held a public meeting on Feb. 26 to learn about stablecoins, cryptocurrency insurance, custody practices and cybersecurity. Three stablecoin projects: JPM Coin, MarkerDao and Paxo were in attendance, discussing different aspects of stablecoins during the meeting. The committee discussed various topics on stablecoins. The first was presented by Charles Cascarilla, CEO of Paxos, who spoke on the use cases of two of Paxos’ current…

Bitcoin Crashes to $8,900: What Comes After the Brutal 15% Crash?

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Over the past few days, Bitcoin has fallen off a proverbial cliff. Contrary to the sentiment of many investors, the cryptocurrency fell through support levels as if they were nothing more than a knife going through hot bricks of butter. At the drop’s worst on Wednesday, BTC was trading at $8,520 on some exchanges. This means that at the correction’s worst (thus far), Bitcoin had retraced 19% from the local top of $10,500, established on February 13th. Despite this steep drop from the $10,000 highs, some analysts are starting to…

This Is Why the Dow Jones Just Crashed for a 4th Straight Day

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The Dow Jones crashed another 700 points on Thursday. A brief Dow recovery was ended as California Governor Gavin Newsom announced 8,400 potential coronavirus cases are being monitored in the state. Further spooking the stock market, Goldman Sachs claimed that the epidemic could cost Trump reelection in November. The Dow Jones crashed back into correction territory on Thursday after California Governor Gavin Newsom revealed that the state was monitoring 8,400 people for potential coronavirus infections. Adding to the dark mood, Goldman Sachs slashed its profit outlook and warned the outbreak…

Roger Ver: Prison Made a Bitcoin Believer

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In a Cointelegraph exclusive interview, Roger Ver bears it all ‒ how his prison experience made him see Bitcoin’s potential, why Bitcoin Cash (BCH) is better than Bitcoin (BTC), and why Bitcoin Cash will appreciate 1,000 times. Prison Most of the crypto community knows that, in his youth, Roger Ver had run-ins with the law; in fact, he was sentenced to ten months for selling explosives on eBay. However, not many know that this experience not only provided Ver with ample time for reading, but also allowed him to observe…

Trump Is Setting up Mike Pence to Be The Fall Guy for the Coronavirus

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Government analysts were puzzled over Donald Trump’s decision to place Vice President Mike Pence in charge of the coronavirus response on Wednesday. While Pence has no medical expertise, he does have a history of mishandling a health crisis and denying established science. He’s obviously not going to coordinate the coronavirus effort, but he’ll take the fall for Trump if things get bad. Donald Trump’s critics could not make sense of his Wednesday announcement that Mike Pence is going to head the coronavirus response. Trump has found a highly-qualified scapegoat. |…

Epic Games Store Unveils 2 New Free Games You’ll Absolutely Love

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InnerSpace is now up for grabs on the Epic Games Store. Next week’s duo of freebies includes Offworld Trading Company and GoNNer. Both games will be available from Thursday, March 5, until March 17. This week’s free game, InnerSpace, is now up and available on the Epic Games Store. In tandem, Epic Games has unveiled what’s in store for the week starting March 5. The usual drill applies. You’ll need an Epic Store account to pick up the game. The sign-up is simple and easy, then InnerSpace is yours forever.…

Epic Games Store Unveils 2 New Free Games You’ll Absolutely Love

boss

InnerSpace is now up for grabs on the Epic Games Store. Next week’s duo of freebies includes Offworld Trading Company and GoNNer. Both games will be available from Thursday, March 5, until March 17. This week’s free game, InnerSpace, is now up and available on the Epic Games Store. In tandem, Epic Games has unveiled what’s in store for the week starting March 5. The usual drill applies. You’ll need an Epic Store account to pick up the game. The sign-up is simple and easy, then InnerSpace is yours forever.…

Draper-Backed Exchange in Lockdown Following ‘Sophisticated’ Attack

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Coinhako, a cryptocurrency exchange backed by Tim Draper, has restricted user withdrawals after falling victim to a “sophisticated attack.” The Singapore-based exchange told users Friday that account send functions for cryptocurrencies had been temporarily disabled. Although a spokesperson initially said this was for “network maintenance”, the exchange admitted Saturday it had been victim to an attack and that it would impose account restrictions to prevent “unauthorized transactions,” until the matter had been fully resolved. The exchange has not provided further details on the attack’s nature, or any information on whether…

Draper-Backed Exchange in Lockdown Following ‘Sophisticated’ Attack

boss

Coinhako, a cryptocurrency exchange backed by Tim Draper, has restricted user withdrawals after falling victim to a “sophisticated attack.” The Singapore-based exchange told users Friday that account send functions for cryptocurrencies had been temporarily disabled. Although a spokesperson initially said this was for “network maintenance”, the exchange admitted Saturday it had been victim to an attack and that it would impose account restrictions to prevent “unauthorized transactions,” until the matter had been fully resolved. The exchange has not provided further details on the attack’s nature, or any information on whether…

Square Sold $517 Million Worth of Bitcoin Via Its Cash App in 2019

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Details from Square’s recent shareholder letter show that the company sold $517 million worth of Bitcoin in 2019 with sales of the top cryptocurrency accounting for about half of its revenue in Q4 of last year. Bitcoin Accounts for Half of Square’s Q4 2019 Revenue According to the company’s statement on Wednesday (February 26, 2020), Square Cash App saw revenue of $178 million in Bitcoin in Q4 2019. Sales performance for the last quarter saw the payment platform’s Bitcoin profit margin rise 50 percent to $3 million from the previous…