Day: May 14, 2020

Aggrieved Investors Mull Suing Telegram Over Canceled TON Blockchain Project

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Investors in Telegram’s TON project are in discussion to sue the company after it abruptly shuttered the blockchain effort earlier this week, according to four individuals familiar with the situation.  It’s not the ambitious project being shut down that upset investors but the options they were given: Take back 72% of their investment immediately, in accordance with a contract amendment from 2019, or loan the funds to Telegram for a year and get back 110% in April 2021. Telegram spent $405 million from the $1.7 billion token sale proceeds developing…

China Officially Recognizes Blockchain Jobs as New Occupation

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The ongoing coronavirus pandemic is transforming blockchain companies, and its impact is not always negative for the blockchain industry. Amid the latest coronavirus crisis-fueled changes, China is taking another step toward blockchain adoption to officially recognize industry jobs. China’s Ministry of Human Resources and Social Security, or MOHRSS, is the ministry responsible for national labor policies and regulations. Recently, they have added blockchain-related jobs to a list of officially recognized jobs. New occupation types are officially introduced to promote employment amid COVID-19 According to a May 11 statement by the…

Germany: Crypto-Friendly Bank Offers Four Percent Annual Interest on Bitcoin (BTC)

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Bitwala, a Berlin-based crypto-friendly bank, has joined forces with Celsius, a leading crypto lending platform, to offer its clients up to four percent annual interest on their Bitcoin (BTC) holdings. With the innovative initiative, Bitwala has become the first-ever traditional bank to offer users interest on their crypto holdings, according to reports on May 14, 2020. Bitwala Bank Gets Even Better  At a time when interest in the world’s flagship cryptocurrency is at a very strong point, with bitcoin enthusiasts anticipating another strong bull run, Bitwala has joined forces with…

Market Wrap: Bitcoin’s Price Up 12% Since the Halving

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Bitcoin has seen steady gains in price since the halving took place on May 11. The number of institutional investors trading in the CME crypto options market is a sign of continued interest in this asset class.  At press time, bitcoin’s price has risen 12% since the reward for bitcoin miners was cut in half. Over the past 24 hours, bitcoin (BTC) was trading up 6% at $9,689. The world’s first cryptocurrency is chugging higher, with technical indicators including the 10-day and 50-day moving averages above bullish levels since May…

New Free Bitcoin Cloud Mining Site 2020 + Payment Proof – Without Investment Earn FREE Bitcoin

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Blockchain-Powered 5G Phone Manufactured by Samsung Launches

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Samsung and SK Telecom, a South Korean mobile carrier, unveiled the world’s first 5G smartphone equipped with blockchain-powered ID authentication. The phone, called “Galaxy A Quantum”, has a quantum random number generation chipset developed in partnership with Samsung Electronics. The phone’s initial price is 649,000 Korean won, or $527.54 USD, according to the announcement on May 14. Blockchain-powered features incorporated The company stated that the blockchain-powered system is utilized when users pay for goods and services at offline merchants with the SK Pay. Blockchain is also used to help prevent…

How Bitcoin Mining Works

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io realized i never really made a video that puts bitcoin mining in a somewhat simple way. enjoy. Social Media: Follow me on Dlive: Follow me on Twitch: Follow me on Twitter: Follow Me On Steem: Support Me On Patreon: Discord: Litecoin donation address: LZaQgPhBvQT6PC2gAnLsQGPPaYDPm5dyNx Ethereum only donation address: 0x125DE6B8FAb078701e0b11ECb1A6bDF3aF9E73dc Bitcoin donation address: 144vfND4SGhYxyjAWKHBETGncuwdYKmoyG BAT Donation Address: 0xC868a8322A714Bd506aB27768a3DDb9D4d2228Cd mrsotko@gmail.com #bitcoin #crypto #cryptocurrency ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving

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Following the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution, as far as hashrate is concerned. At the time of publication, there’s around 100-115 exahash per second (EH/s) in search of bitcoin blocks and spectators have seen two relatively unknown mining pools join the top mining pool contenders. Both of these new mining pools capture around 14 EH/s today, and the top operations F2pool and BTC.com have around 34 EH/s between both pools. The last BTC halving saw a small amount of…

Bitcoin Doubling Gold’s Yearly Gain So Far

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Amid unstable global financial conditions, Bitcoin continues its path as a juicy-looking hedge asset, based on its gains comparative to gold.  Sitting at a press time price of $1,717 per ounce, gold has risen approximately 12% from the start of 2020, TradingView data showed. In the same time frame, Bitcoin boasts a 30% gain, at a value of $9,290 at press time. Bitcoin shines against mainstream markets Coronavirus fears and prevention measures sent crypto and mainstream markets into a downward spiral. Bitcoin hit its most recent low on March 13,…

Bitcoin Doubling Gold’s Yearly Gain So Far

boss

Amid unstable global financial conditions, Bitcoin continues its path as a juicy-looking hedge asset, based on its gains comparative to gold.  Sitting at a press time price of $1,717 per ounce, gold has risen approximately 12% from the start of 2020, TradingView data showed. In the same time frame, Bitcoin boasts a 30% gain, at a value of $9,290 at press time. Bitcoin shines against mainstream markets Coronavirus fears and prevention measures sent crypto and mainstream markets into a downward spiral. Bitcoin hit its most recent low on March 13,…