Day: July 13, 2020

DeFi Conference 2020 Delivers an All-Star Speaker Lineup

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Place/Date: – July 13th, 2020 at 10:01 pm UTC · 5 min read Contact: Bitcoin Events, Source: DeFi Conference 2020 The DeFi Conference 2020 hosted by Bitcoin Events, is a feature-packed free event for anyone to attend and learn about the opportunities that decentralized finance offers to individuals and organizations alike. Decentralized finance (more commonly known as ‘DeFi’) is growing rapidly, spawning investment and attention from many corners of the finance world. The world of traditional finance is on the brink of an evolution as cracks in traditional finance are…

Tezos (XTZ) is About to See “Liftoff” if It’s Able to Hold One Crucial Level

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Tezos is beginning to show some immense signs of strength. This comes shortly after Chainlink – another extremely bullish token – incurred parabolic momentum that allowed it to set fresh all-time highs. Some analysts are now pointing to striking parallels between the two cryptocurrency’s price action, as XTZ is currently caught within a similar technical formation to the one LINK formed just before its explosive surge. If this pattern plays out Tezos’ ongoing upswing could mark the start of a much larger movement. One trader is specifically pointing towards its…

Police Thwart Dark Web Criminals Who Planned to Firebomb a Nebraskan Pharmacy

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A dark web drug lord and a Nebraskan pharmacist pled guilty to federal charges on July 13 after both were accused of conspiring to bomb a competing business. According to the indictment by the U.S. Department of Justice, 32-year-old William Burgamy from Maryland was the alleged owner of an illegal pharmaceutical site called NeverPressedRX. The site sold oxycodone and a number of other drugs. His supplier, Hyrum Wilson, is the owner of a store called Hyrum’s Family Value Pharmacy. The two were found to have conspired to firebomb a competing…

Data Shows the ‘Cheaper Altcoins Make Higher Returns’ Myth Is Flawed

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For many investors crypto trading remains a rags-to-riches affair where inexperienced investors hope to strike it rich by buying the cheapest priced altcoins like many novice traders did in 2017. Currently, the majority of traders do not expect Bitcoin (BTC) to pump 50% or more in a single week as $18,400 seems rather infeasible. On the other hand, many of these same investors are willing to put their hard-earned funds behind a lower cap, cheaper altcoins with the hopes that buying cheaper cryptocurrencies will lead to a higher return. A…

Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200

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A bullish stock market left bitcoin behind Monday with the world’s oldest cryptocurrency trading flat. The absence of action in bitcoin is in contrast to the performance of global equities on Monday. Stocks across the world today:  “In recent trading sessions, bitcoin traded in a narrow range of $9,100-$9,200,” said Constantin Kogan, partner at cryptocurrency fund BitBull Capital. “After a short-term bullish impulse, the asset managed to peak at $9,300, followed by a downward correction.” Over the past few days, bitcoin has approached $9,320, only to see the price drop,…

South Korea Could Issue a Crypto Capital Gains Tax as High as 20%

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South Korean private sector members recently discussed a crypto-related taxation bill meant to establish capital gains tax for cryptocurrencies. During these discussions on July 13, members indicated crypto gains taxes could rise as high as 20%. Cryptocurrencies could be considered as “goods” Proposed amendments to existing laws also plan to classify cryptocurrencies as “goods,” rather than currencies.  Lawmakers have established that virtual assets can be considered as electronic certificates of economic value that can be traded electronically. However, when the transactions are for sales purposes, it could be viewed as…

Negix – Forex Robot Made Profit $193678

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It’s Now Or Never For XRP As Technical Indicators Highlight Pivotal Moment

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XRP, the fourth-ranked cryptocurrency in the space, has been among the industry’s worst performers. Yet investors in the asset still hold out hope for a repeat of the massive pumps Ripple is known for. Key indicators reveal that the asset has reached a pivotal moment where a decision must be made. It’s now or never for XRP, but how will the altcoin respond? Is Ripple Finally Ready For Redemption? Few cryptocurrencies are as polarizing as XRP. Crypto investors either love the asset, or love to hate it. It’s the butt…

Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far

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Blockchain tracking and analytics platform, Whale Alert, revealed that over the past four years, scammers have stolen over $38 million worth of Bitcoin (BTC). New heights could be reached at the end of 2020 Whale Alert’s study, which relies on data from the crypto scam tracking site, Scam Alert, suggests that the popularity of dozens of different types of scams have been on the rise. Some of these include giveaways, sextortion, fake exchanges, fake ICO’s, Bitcoin recovery, video scams, fake tumblers, and malware. In 2017, scammers stole roughly $5M in…

Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong

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The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever. The record high of 17.35 trillion makes it much harder for bitcoin miners to profit. However, the overall Bitcoin network hashrate has remained consistently above the 120 exahash per second (EH/s) zone. On July 13, 2020, the Bitcoin (BTC) network saw it’s largest difficulty metric ever, as it touched the 17.35 trillion mark on Monday. Basically, difficulty is the value used to measure how difficult it is to find a…