Day: May 22, 2020

Craig Wright Submits List of Bitcoin Addresses to the Court – Roster Contains Spent Blocks

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On May 21, 2020, the infamous Craig Wright, the man who claims to be Satoshi Nakamoto, submitted a list of blocks and bitcoin addresses to the court that stem from the alleged Tulip Trust. However, armchair sleuths and blockchain analysis shows that a few blocks recorded in Wright’s recently filed list have been spent. Craig Wright Files a New List of Bitcoin Blocks and Addresses That Allegedly Belong to the Tulip Trust(s) The ongoing Kleiman vs. Wright lawsuit is heating up once again, as Craig Wright submitted a list on…

China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?

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The government of China’s Sichuan province moves to stamp out Bitcoin (BTC) mining activity, citing that growing cryptocurrency prices have led to the escalation of illegal activity under the guise of mining. Sichuan — 10% of the global hashrate According to estimates from Cambridge University, Sichuan is responsible for almost 10% of the global hashrate. In fact, this single Chinese province mines more Bitcoins than the entirety of the U.S. or Russia. China: Bitcoin Mining Map. Source: Cambridge University. Apparently, Sichuan was previously trying to attract the miners in order…

BITCOIN | RESISTANCE BREAK!!! | $10,500 STILL IN PLAY?!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Like/Comment/Subscribe 😎 ✘ Sign Up For CryptoWatch! Affiliate Link: . PREPARE FOR THE FUTURE OF FINANCE! . ✘ Become a Patron for Extra Content! – . ✘ Twitter: . ✘ Help Me Grow Our Discord!!! . ✘ . ✘ Sign Up for Kraken! Affiliate Link: . Intro Song by Nomyn: Nomyn – Nightfall . 📜 DISCLAIMER Kevin Svenson should not be held responsible for any losses that may occur. You and you alone are responsible for deciding if you are comfortable accepting…

Where Are the Bitcoin Pizza Coins Now?

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Today marks the 10th anniversary of Bitcoin’s first official commercial purchase. On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 for two Papa John’s pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $92.5 million price tag. One might logically wonder what happened to the 10,000 Bitcoin (BTC) used for the purchase of two pizzas.  “Over the years the funds have moved across many addresses,” Grant Blaisdell, co-founder and CMO of blockchain analytics company Coinfirm, told Cointelegraph in…

Let’s Stop Pretending Lady Gaga & Ariana Grande’s ‘Rain On Me’ Isn’t Terrible

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Ariana Grande and Lady Gaga just released the video for “Rain on Me.” The outfits, choreography, and sound are straight out of the early 2000s, the worst era in music. That would be fine if the rest of the video made any sense. Ariana Grande and Lady Gaga just released the video for their new single “Rain on Me,” and, boy, it’s tough to watch. But what else would you expect when you channel one of the corniest eras of music? Sadly, this video would’ve been terrible in any era.…

African P2P Volume Beats Out Latin America for First Time

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African peer-to-peer, or P2P, Bitcoin (BTC) trading volumes have continued to increase, with the continent posting its third-consecutive all-time high for trade activity. Africa’s surging volumes come amid a plateauing in global P2P trade, with Latin America, Asia Pacific, and Western Europe posting significant declines in post-halving volume. As such, this past week saw African P2P trade overtake Latin America to rank as the second-strongest region by weekly volume for the first week on record. Regional P2P weekly BTC trade volume: UsefulTulips. Africa’s P2P markets see prolonged volume spike More…

Wyoming’s Congressional Blockchain Committee Holds First Meeting

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On May 22, Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation technology convened in full for the first time, albeit virtually. Initially announced on May 17, the new select committee evolved from the previous Blockchain Task Force. Task force to select committee: What has changed? In today’s meeting, Chairman Chris Rothfuss commented on the committee’s new powers: “This is a select committee that is able to sponsor its own legislation. In the past, it was a task force that was not able to.” However, like a task force,…

New Bill in Ukraine to Finally Let Crypto Firms Open Bank Accounts

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Ukraine is getting closer to providing a legal status for cryptocurrencies like Bitcoin (BTC) with a new draft bill published on Monday. On May 18, the Ministry of Digital Transformation of Ukraine published a new draft bill “On Virtual Assets” that aims to determine the legal status of crypto assets, rule of their circulation and issuance in the country. The current version of the bill is not final and is open for discussion by the crypto community until June 5, 2020. Crypto industry in Ukraine is still in “grey zone”…

CBDC Threatens Hegemony of US Dollar

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JPMorgan believes the central bank digital currencies, or CBDC, could pose a threat to the global hegemony of the US dollar. According to a report covered by Bloomberg, the bank’s chief U.S. economist asserted that “[t]here is no country with more to lose from the disruptive potential of digital currency than the United States.” “This revolves primarily around U.S. dollar hegemony. Issuing the global reserve currency and the medium of exchange for international trade in commodities, goods, and services conveys immense advantages,” the report added. Blockchain undermines US dominance over…