Day: April 19, 2020

TV Reporter Warns of Facebook Ads That Claim They Made Millions From BTC

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British TV presenter and former X-Factor star, Rylan Clark-Neal, alerted his followers as to “fake interview” claiming that Rylan had made “millions from Bitcoin.” On April 18, the former Celebrity Big Brother star tweeted that a fraudulent interview impersonating U.K. publication, The Daily Mirror, was circulating on Facebook. Rylan warned his followers: “There’s a fake interview going around on Facebook and social platforms claiming to be the daily mirror which isn’t saying how I’ve made millions from Bitcoin. Don’t fall for it.” Scammers promote fake celebrity interviews on Facebook The…

Cybercrime Reports Increased by 2 to 3 Times Amid COVID-19

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Speaking as part of an online panel hosted by think tank, Aspen Institute, Federal Bureau of Investigations, or FBI, deputy assistant director, Tonya Ugoretz, revealed that the number of cybercrime reports received by the agency has more than tripled amid the COVID-19 pandemic.  “Whereas they might typically receive 1,000 complaints a day through their internet portal, they’re now receiving something like 3,000 to 4,000 complaints a day,” stated Ugoretz, adding: “Not all of those are COVID-related, but a good number of those are.” The FBI agent noted that “there was…

Bank Of China Says Digital Yuan Will Not Cause Inflation

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The Bank of China’s secretive digital currency tests have led to tremendous curiosity among Chinese citizens. Recently, the bank responded with an official explanation of the proposed digital Yuan and how it would work.  A bank representative confirmed on the China Central Television on April 19 that the new digital currency (also referred to as DC/EP, for “digital currency/electronic payment”) pilot test has been carried out in the cities of Shenzhen, Suzhou, Xiongan new area, Chengdu, and the future site of the winter Olympics.  However the researcher stressed that these…

This Technical Sign Sent Bitcoin 250% Higher In 2019. It’s About to Appear Again

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Bitcoin has done extremely well over the past month. Just over 30 days ago, the leading cryptocurrency was trading at $3,700 — 50% lower than it had been trading at the start of the previous day and 65% below the 2020 highs of $10,500. Now, BTC is at $7,200, nearly 100% higher than the bottom. According to Josh Olszewicz — a crypto analyst at Brave New Coin — the recent price action is about to see BTC print a “once-a-quarter” buy signal. Related Reading: Don’t Sleep on This Key Sign…

This Technical Sign Sent Bitcoin 250% Higher In 2019. It’s About to Appear Again

boss

Bitcoin has done extremely well over the past month. Just over 30 days ago, the leading cryptocurrency was trading at $3,700 — 50% lower than it had been trading at the start of the previous day and 65% below the 2020 highs of $10,500. Now, BTC is at $7,200, nearly 100% higher than the bottom. According to Josh Olszewicz — a crypto analyst at Brave New Coin — the recent price action is about to see BTC print a “once-a-quarter” buy signal. Related Reading: Don’t Sleep on This Key Sign…

14 Chinese Men Arrested in Malaysia for Bitcoin Scam

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Malaysian police have arrested 14 Chinese men for their involvement in a Bitcoin (BTC), scam targeting investors in their home country. Assistant Commander, Dzulkhairi Mukhatar, stated that the arrests took place on April 18, following two-months of surveillance. All of the suspects are aged between 20 and 30, three of whom do not have “valid travel documents,” according to the officer.  Malaysian police arrest crypto scammers targeting China The group impersonated wealthy investors and targeted victims through popular Chinese messaging applications, WeChat and QQ. “All of the suspects would then…

Radeon RX 560 4gb Mining Days Numbered?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io How much longer can crypto mining be done with a RX560 4GB card? Is it even worth it to mine now? Let’s find out. Subscribe for more awesome videos and a … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Correction Fears, Libra U-Turn, Maker Sued: Hodler’s Digest, April 13–19

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Weekend trap? Bitcoin hits $7,300 in attempt to finally break out At the start of the week, we knew a big move for Bitcoin was brewing — but it was unclear whether or not the world’s biggest cryptocurrency was heading to $6,000 or $8,000. After…

Hobbyist Miners Are Exempt From Tax in Singapore

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The Inland Revenue Authority of Singapore, or IRAS, issued updated tax guidance for digital tokens on April 17. The guidelines concern payment tokens, utility tokens, security tokens, and tokens issued through initial coin offerings, or ICOs. Fluctuations in the value tokens held by miners, ICO issuers, businesses, and individuals are not taxable or deductible unless realized. Businesses handling tokens receive usual treatment Despite emphasizing that payment tokens are not legal tender, Singapore’s new guidelines state that transactions executed using payment tokens “are viewed as barter trade.” When receiving payment tokens,…