Day: August 7, 2020

Five Promising Cryptocurrency Exchanges | Coinspeaker

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If you are one of these traders who are looking for crypto exchanges, this article is for you. The cryptocurrency market is having the best time of the year. Bitcoin keeps going higher, and many smaller-cap altcoins have been doing very well as well. Analysts predict that crypto exchanges and Bitcoin are ready for massive growth, and things start to get real this year due to the ongoing COVID-19 pandemic. Yes, there are not many industries that can grow during the time of the pandemic. When the mainstream economy looks…

California’s Attorney General Warns People to Be Wary of Crypto Scams

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Xavier Becerra, California’s attorney general, recently told the public to watch out for possible crooked dealings surrounding crypto and digital assets.   While broadly referencing other hacks, an Aug. 7 statement from the California Department of Justice said: “Recently, unscrupulous actors have impersonated well-known politicians, celebrities, and business executives on social media and YouTube channels in ‘giveaway’ scams that falsely promised, for example, to double any digital assets sent to a specific digital asset wallet.” The comment, in part, refers to the recent July 15 Twitter attack, which saw a large number…

German Authorities Confiscate $30 Million in Bitcoin From Pirate Movie Site

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German authorities, with the help of the U.S. Federal Bureau of Investigation (FBI), have confiscated about $30 million in bitcoin from an operator of a pirate movie website. An unspecified amount of bitcoin cash was also seized. Bitcoin and Bitcoin Cash Seized The German state of Saxony’s media service announced Monday the confiscation of “bitcoins with a total value of 25 million euros [$30 million].” The seizure was in connection with a case involving the website movie2k.to, a user-contributed video directory for movies and television programs that allowed users to…

Ethereum Developers Discuss Potential Ways to Avoid ETC’s Fate

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In a Core Devs meeting on Friday, Ethereum (ETH) developers discussed potential measures that could be taken to prevent successful 51% attacks from occurring. The discussion was inspired by this week’s 51% attacks on Ethereum Classic (ETC) — a network that represents the original state of Ethereum where the consequences of the DAO hack in 2016 were not reverted. The original attack, which occurred between July 31 and Aug. 1, was revealed to be a carefully orchestrated attempt at a double-spend that netted over $5 million in ETC to the…

New Bitcoin Scam Uses Daniel Craig for Fake Celebrity Endorsements

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Celebrities and high-profile public figures such as members of the Dragon’s Den, Piers Morgan, James McAvoy, Elon Musk, Richard Branson, and Martin Lewis are used excessively by Bitcoin scammers for promotional purposesю If you’ve been tricked by fake celebrity-endorsed websites, then you are not alone. Daniel Craig is constantly being used by scammers to lure people into various get-rich-schemes, and this time its for a scheme named “Bitcoin Era”! Bitcoin is an emerging cryptocurrency that was founded in 2009 and has attracted a lot of investors due to it decentralized…

No One Knows Why Binance.US Is Down Right Now

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Binance.US, the United States branch of major crypto exchange Binance, began suffering unforeseen platform issues on Aug. 7 around 15:26 UTC time, resulting in the company temporarily shutting off exchange features.   “Please rest assured that all customer funds are safe, and we will provide a further update soon,” a Binance.US representative told Cointelegraph.  “At 11:26am EST, we noticed our systems not functioning as intended,” Binance.US tweeted on Aug. 7.  The tweet added: “To protect our users, we will be stopping trading, order processing, buy crypto, deposits, and withdrawals. We will let…

Gilead Sciences Says It Will Meet Global Remdesivir Demand by October

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Gilead has confirmed its capacities to produce Remdesivir in such volumes that will meet global demand. GILD stock is up. Gilead Sciences Inc (NASDAQ: GILD) has confirmed that it has the capacity to meet the global Remdesivir supply by October. The biopharmaceutical company has seen increased demand for its Remdesivir drug due to the ongoing COVID-19 pandemic. Meanwhile, GILD stock is in teh green. At the time of writing, it is up 0.12%, trading at $68.89. Gilead’s antiretroviral drug Remdesivir, originally developed as a treatment for HIV has been proven…

Bitcoin Price Briefly Crashes to $11.2K After US Jobs Data Disappoints

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The price of Bitcoin (BTC) dropped to $11,219 on Bitstamp on Aug.7 after the United States stock market declined. BTC recovered quickly from the brief crash, stabilizing at above $11,600. The price of Bitcoin drops steeply on Bitstamp. Source: TradingView.com The release of new job data caused the U.S. stock market to slump in mid-day. Non-farm payrolls rose by 1.763 million in July, surpassing Wall Street expectations by 10.6%. Despite the optimistic job data, analysts are seemingly concerned that the job market is not growing fast enough. Since the pandemic began…

This Smart Money Indicator Uncovers Early Signs Of An Ethereum Reversal

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Ethereum has been leading the cryptocurrency market higher, helping to push Bitcoin through $10,000 and restart the overall market bull run. But before new highs are set, the smart money indicator is hinting that a strong reversal is coming, and already may be underway. Ethereum Carries Crypto Market Higher, Helps Bitcoin Push Through Critical Resistance Ethereum has absolutely exploded from Black Thursday lows. Like Bitcoin, the second-ranked crypto asset spent months consolidating below resistance. While Bitcoin built momentum below $10,000 – resistance that it finally cracked – Ethereum surged through…

BigCoinCrypto Launches Bitcoin Lottery | Coinspeaker

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Place/Date: – August 7th, 2020 at 4:37 pm UTC · 2 min read Source: BigCoinCrypto Bitcoin is shooting for the moon, breaking past the resistance at $10,500 USD finding itself at a new standard level. Inflationary movements from the traditional markets in light of severe money printing caused gold and as a result, Bitcoin to attract even more investors and grow. BigCoinCrypto provides investors with an opportunity to jump on the Bitcoin train with a luck-based lottery game. Starting at 0.01 BTC per winners pot, participants get an opportunity every…