Bitcoin may have been the salacious pretext to Marina Butina’s fling with Patrick Byrne. Original
Russia, With Bitcoin Playing Bit Part, Tried to Hack 2016 U.S. Election, Senate Report Finds
Day: August 18, 2020
LuckyBit’s New Affiliate Programme Is a Great Passive Income Opportunity
In the world of crypto, there is a lot of hype and disillusion – vanishingly small exchange commissions and iGaming referral schemes with a total lack of transparency. LuckyBit is different. Since 2013, their platform has been community-based and built on trust and transparency. LuckyBit is now bringing those same values to its affiliate programme. In unprecedented market conditions following the pandemic, people the world over are looking for opportunities to build legitimate, and profitable passive earning streams. For any bitcoin enthusiasts with a strong network or advertising presence, LuckyBit’s…
Blockchain Bites: Hashrates Drop, Bitcoiners Hodl and an Open Letter to Bankers
Floods are dampening bitcoin mining hashrates, Ethereum Classic may be thrown off its most popular exchange and bitcoin is moving off exchanges. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Flooded networkMajor Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in Sichuan. China’s southwestern Sichuan province, estimated to have over 50% of the Bitcoin network’s total computing power,…
Dust Attacks Make a Mess in Bitcoin Wallets, but There Could Be a Fix
When dust settles in your home, you wipe it up. But what about when unwanted dust makes its way into your bitcoin wallet? Well, cleaning it up may not be so simple. In Bitcoin parlance, “dust” is the technical term given to trace amounts of bitcoin that are considered too small to send in a transaction because the transaction fee would exceed the amount sent. Typically, dust is no more than a few hundred satoshis (a microunit of measurement for bitcoin). Because sending dust is expensive relative to the transaction…
Bitcoin is “On Route” to $13,600 as Bulls Defend Crucial Support
Bitcoin’s strong price action has shown some signs of faltering as the cryptocurrency’s price declines down towards $12,000 following yesterday’s sharp upswing. This level – which was previously heavy resistance – may soon be confirmed as support as the cryptocurrency’s price begins drifting lower. Analysts are now widely noting that BTC is well-positioned to see further upside in the days and weeks ahead, which could potentially lead it as high as $13,600. This mid-term technical strength, however, does not mean that the cryptocurrency won’t see any short-term downside, as there…
Bitcoin News Roundup for Aug. 18, 2020
With bitcoin’s exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, CoinDesk’s Markets Daily is back for your latest crypto news roundup! The amount of bitcoin held on crypto exchanges is down to a 21-month low, a sign investors are feeling bullish. It’s been a busy time with bitcoin rising to a new key level, Warren Buffett buying a gold miner and ethereum classic’s possible delisting. Major Chinese bitcoin mining pools are each seeing daily hashrate drops of between 10% and 20% following continuous rainstorms in…
YFI Breaks Above $11,000, But On-Chain Metrics Spell Trouble
yEarn Finance, previously known as iEarn Finance, has stolen the spotlight of the cryptocurrency market. Following the launch of its governance token, YFI, in late July, this altcoin has done nothing but shot up. Although it debuted in the market trading at a low of $31.65, the price of this cryptocurrency has appreciated over 34,363.7% since then. The so-called “valueless” governance token recently rose to a new all-time high of nearly $11,275. But different technical and fundamental indexes suggest that it is poised to retrace. YFI Is Bound to Pull…
Senate Says Jailed Russian Spy Bonded With Overstock CEO Over Bitcoin Hoping to Get to Rand Paul
On Aug. 18, the Senate Intelligence Committee released volume five of its investigation into Russian interference in the 2016 election. The new version found that former CEO of Overstock.com and noted crypto advocate Patrick Byrne was a patsy to plans by Maria Butina, who is currently serving time for espionage on behalf of Russia. The romance between Butina and Byrne was the reason the latter gave upon his departure from Overstock last year. Always an eccentric character, Byrne’s account of the relationship said that he was working with U.S. intelligence.…
Vietnam Launches a National Enterprise Blockchain Platform as it Eyes a Global Top 50 Slot
The Vietnamese government, through the Ministry of Information and Communications, has revealed the establishment of an enterprise blockchain platform dubbed akaChain in line with its national program for digital transformation. Blockchain-enabled KYC akaChain was developed by FPT Software, a leading IT firm, hand-picked by the Vietnamese government in its quest to propel digital transformation in both the private and public sectors. This blockchain platform is viewed as a stepping stone because Vietnam seeks to become a global top 50 nationally in terms of information and communication technology by…
Bank of England to Speak at OMFIF Organized CBDC Meeting
The key focus of the meeting will be to tackle the ways in which blockchain technology can benefit various models for CBDCs. The Bank of England will participate in a historic meeting of Central Banks organized by the Official Monetary and Financial Institutions Forum (OMFIF) on the issue of the CBDC development. Scheduled for August 19th, Bank of England’s Fintech Specialist Simon Scorer will join other European Central Bank experts in discussing digital currencies and their possible infrastructural designs. The roundtable meeting will also have in attendance Thomas Moser, Alternate…