Day: February 27, 2020

Steven Seagal Punished for Pumping Comically Shady Bitcoin Rip-Off

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The SEC charged action “star” Steven Seagal with unlawfully promoting a cryptocurrency. The naked bitcoin rip-off was so comical it almost looked like a self-parody of the ICO hype machine. It’s safe to say everyone except Seagal saw this legal backlash coming. Washed-up B-list action hero Steven Seagal had to know he was on deadly ground when he agreed to promote a scammy bitcoin rip-off called Bitcoiin2Gen. Two years later, his involvement in the bizarre and almost comically shady project has left him with exit wounds – along with a…

Steemit Managing Director on Acquisition by Tron — Exclusive

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In an interview with Cointelegraph at Tron’s San Francisco office on Feb. 25, Steemit Managing Director Elizabeth Powell expressed enthusiasm regarding the new strategic partnership between Tron and Steemit. On Feb. 14, the Tron Foundation announced it had acquired Steemit, a decentralized social media platform with over 10,000 daily active users. Following the announcement, a great deal of uncertainty arose from the Steemit community. A recent Reddit thread shows Steemit users discussing concern over the future of the STEEM token and the reversible soft fork that Steemit initiated on Feb.…

Courts Will Seize BTC With Miners’ Help: Self-Proclaimed Satoshi Craig Wright

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Self-proclaimed Bitcoin (BTC) creator Craig Wright claims that Bitcoin can and will be seized to accommodate court orders. On Feb. 26, Bitcoin influencer Peter McCormack published screenshots showing Wright claiming that the first seizure of Bitcoin by courts will happen this year and won’t require private keys. Bitcoin seizure through miner coordination Instead, it will supposedly happen through miner and node coordinating to comply with a court order. He concluded: “Without keys, BTC will be confiscated. Code is law, and courts can mandate patching code. Bitcoin is not encrypted. It…

Are Miners Prepared for the Halving of Bitcoin?

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Anyone following crypto news has undoubtedly seen numerous articles that forecast Bitcoin’s (BTC) valuation following the upcoming halving slated to take place in May of this year. And although the price of Bitcoin is clearly important to the industry and investors at large, planning for the halving is particularly critical to cryptocurrency miners. Once the halving occurs, the unfortunate truth is that the profitability of all but the most efficient mining operations will be greatly challenged. To stay in the green, many will either be forced to upgrade their equipment…

Steven Seagal Charged by SEC for Promoting 2018 ICO

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The Securities and Exchange Commission (SEC) has charged actor Steven Seagal for promoting an initial coin offering (ICO) without disclosing that he was paid for it. He was ordered to pay back over $330,000 to the commission. In March 2018, Steven Seagal was contracted by ICO project “Bitcoiin2Gen” (B2G) to promote the sale on his social media channels, as well as appearing as a brand ambassador in the project’s marketing materials. While he was promised $250,000 in cash and $750,000 in B2G tokens, the Feb. 27 disclosure by the SEC…

Binance Joins Blockchain Network for Cross-Industry KYC Data Sharing

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Top cryptocurrency exchange Binance has partnered with public blockchain protocol Shyft Network as it readies itself to comply with Financial Action Task Force (FATF) regulations. The Shyft Network was designed to provide a decentralized solution for crypto industry players to fulfill global compliance standards, including the FATF’s “travel rule.” In a statement shared with Cointelegraph on Feb. 27, Binance’s chief compliance officer Samuel Lin said that, until the creation of the Shyft Network, there was no existing infrastructure by which firms could comply with the new FATF rules. As part…

3 Reasons Why the Gold Price Will Shine in 2020

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Gold’s price still has room to climb after this week’s stock market bloodbath. Long-term pressures from the ballooning U.S. budget deficit remain. Bernie Sanders’ increasingly tight grip on the Democratic Party nomination is also a potential catalyst. The U.S. stock market continues to shed value in what is panning out to be the worst week in years. Fears over the coronavirus have pushed the Dow Jones Industrial Average below 27,000 for the first time since October, and we may only be starting to see the full effects. From all the…

Two Bizzare New Coronavirus Cases Stroke Global Pandemic Fears

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A shocking coronavirus first sees a Japanese woman test positive – twice. A new confirmed case in the U.S. has no ties to previously confirmed patients, making community spread possible. Australia PM has warned of a pandemic, as the outbreak worsens. Two worrying cases of coronavirus have emerged in the U.S. and Japan that could signal how the virus outbreak could further expand even with strong precautionary measures in place. Japanese woman gets infected – twice In Osaka, Japan, a tour guide was cleared by the authorities after being tested…

Bitcoin Tests $8.8K as Coronavirus Makes Stocks ‘Bargain Basement’

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Bitcoin (BTC) was fighting to keep support at a key level on Feb. 27 as markets worldwide continued to suffer from fears over coronavirus. Cryptocurrency market daily overview. Source: Coin360 The make-or-break moment for BTC bulls Data from Coin360 and Cointelegraph markets showed BTC/USD fluctuating around its 200-day moving average (200 DMA) just below $8,800. As Cointelegraph reported on Wednesday, the 200 DMA is seen by analysts as an important factor in determining the health of Bitcoin’s bull market. Should support give way, Cointelegraph Markets analyst filbfilb warned, the impact…

‘Bond King’ Overestimates Bernie Sanders After Blaming Him for Market Selloff

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Jeffrey Gundlach says the stock market is pricing in a Bernie Sanders presidency, hence the rout. He claims that the underperforming healthcare sector indicates that coronavirus is not the catalyst of the stock market crash. Coronavirus is causing serious supply chain disruptions and may be the real reason why stocks are plunging. The S&P 500 is down over 8% from its all-time highs. Wall Street “Bond King” Jeffrey Gundlach is looking at Democratic presidential candidate Bernie Sanders for the market’s nauseating plunge. The DoubleLine Capital chief executive doesn’t see the coronavirus…