Day: August 13, 2020

Bitcoin.com Wallet Reveals USDT Support – Users Can Swap and Store SLP-Based Tether

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During the first week of July, Bitcoin.com’s Wallet added a number of new features including a portfolio breakdown and honestcoin (USDH) swapping abilities. With the latest update this week, Bitcoin.com Wallet users can now store the SLP-based stablecoin tether (USDT) in their wallets as well. Tether (USDT) is the most popular stablecoin in the crypto ecosystem to-date and Bitcoin.com Wallet users can now store, send, and receive the stablecoin at any time. News.Bitcoin.com recently reported on how the firm Tether Limited utilized the Simple Ledger Protocol technology in order to…

This Chainlink (LINK) Fractal Suggests a Major Pullback Is Imminent

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Chainlink has been caught in the throes of an insane uptrend over the past couple of years. Due to a slew of announcements, integrations, and other pieces of good news regularly surrounding the project, the cryptocurrency has been able to defy the market-wide downtrend seen throughout 2019. This extreme bullishness has carried over into 2020, with LINK now incurring parabolic momentum that allowed it to set fresh all-time highs yesterday. In the short-term, its momentum is showing some signs of slowing as it begins facing heightened selling pressure. Despite its…

Justice Department Claims US Gov, IRS Has Tools To Track Bitcoin Users

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The United States has just revealed a seizure of over $2 million in Bitcoin said to be meant for financing terrorist organizations over social media. Coinciding with the case, the Justice Department issued a deterrent to those that seek to use cryptocurrencies as part of criminal operations. The Justice Department assistant attorney general has warned that the US government, notably the IRS, has developed tools to track blockchain transactions and tie it to their source. Over $2 Million in Bitcoin Seized in Social Media Terror Fundraising Scheme, Ties to Hamas,…

How One Line of Code Destroyed Yam DeFi

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The now notorious project, Yam.Finance, was launched without a proper code audit just like many other projects in the space. Richard Ma, the CEO of blockchain security company Quantstamp, told Cointelegrpah that many DeFi projects are launched unaudited in order to capitalize on reverse psychology: “Not having an audit is currently seen as a good way to use reverse-psychology to do marketing.” He added, “It creates the perception that these projects are so in-demand, and that you’re getting in on it at the ground floor, before other people have heard…

SEC Charges ICO Operator for Misrepresenting His Platform’s Technology

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The U.S. Securities and Exchange Commission, or SEC, publicized legal action against another 2017 Initial Coin Offering, or ICO. Boon.Tech and Rajesh Pavithran, the project’s CEO, face fraud accusations from the commission, as well charges associated with securities registration, an Aug. 13 statement from the SEC detailed.  The statement added: “According to the SEC’s order, from November 2017 to January 2018, Boon.Tech and Pavithran raised approximately $5 million by selling Boon Coins to more than 1,500 investors in the U.S. and worldwide to raise funding to develop and market a platform…

Market Wrap: Stuck at $11.5K, Bitcoin Surpasses 25K Locked in DeFi

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The spot bitcoin market was fairly dull Thursday. That doesn’t mean it’s not moving: Holders of the cryptocurrency are increasingly plowing it into decentralized finance. Bitcoin (BTC) trading around $11,543 as of 20:00 UTC (4 p.m. ET). Slipping 0.50% over the previous 24 hours. Bitcoin’s 24-hour range: $11,274-$11,661 BTC slightly above its 10-day and 50-day moving averages, a bullish to sideways signal for market technicians. Bitcoin trading on Coinbase since Aug. 11.Source: TradingView Little changed in the past day for bitcoin’s price. The top asset in the crypto market is…

Official ‘Doctor Who’ Merchandise Is Coming to the Blockchain

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BBC Studios has officially entered the blockchain gaming space after partnering with Reality Gaming Group to develop a digital trading game for the popular TV series, Doctor Who. This marks the first time that the British public service broadcaster has used blockchain technology to market their intellectual property. According to the announcement, BBC Studios granted an exclusive global license to Reality Gaming Group, allowing them to jointly develop a game called “Doctor Who: Worlds Apart.” The product will allow players to collect and trade digital versions of the series’ characters.…

Writing Bitcoin Smart Contracts Is About to Get Easier With New Coding Language

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Bitcoin smart contracts are a tricky beast to tame, but a new language is making them easier to write, democratizing them in a sense. Smart contracts can (among other things) allow users to set extra rules on their bitcoin, requiring these rules be met before the funds can be unlocked. Minsc, created by Bitcoin developer Nadav Ivgi, is a new programming language that makes it easier for developers to create these kinds of contracts so they can build them into bitcoin wallets and other apps more smoothly. One of the…