Day: August 27, 2020

Real Salt Lake Owner Gives Utah Sports Another Bad Look

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Real Salt Lake owner Dell Loy Hansen is not happy about his team’s boycott of Wednesday’s game. Hansen said he felt disrespected by the move. He said it felt like “being stabbed.” Sadly, it’s just another racially disappointing chapter in the story of Utah sports. Dell Loy Hansen, owner of Utah’s MLS team Real Salt Lake, is hurting. Is it because another black man was shot in the back? No. Is it because a teenage gunman murdered two protestors? Nope. It’s because his players fought for social justice. Hansen is…

Bityard has Launched Innovation Zone

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Place/Date: Singapore – August 27th, 2020 at 8:09 pm UTC · 4 min read Contact: Bityard, Source: Bityard Bityard has recently launched a new “innovation zone”, and will stay committed to provide users with more diverse trading options and services. As the world’s leading cryptocurrency contract exchange, Bityard always values the users and will continue to optimize its products in order to provide users with better cryptocurrency trading services. There are eight crypto asset trading options available on Bityard’s new innovation zone, and Bityard will keep bringing more trading options…

US authorities go after 280 crypto accounts allegedly tied to North Korea

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“The Justice Department today filed a civil forfeiture complaint detailing two hacks of virtual currency exchanges by North Korean actors,” said an Aug. 27 statement from the U.S. Department of Justice, or DoJ. “These actors stole millions of dollars’ worth of cryptocurrency and ultimately laundered the funds through Chinese over-the-counter (OTC) cryptocurrency traders.” The hackers allegedly utilized 280 different digital asset accounts, the statement detailed. The ordeal appears to be connected with previously reported thievery which occured earlier in 2020.  This story is developing and will be updated. Original

Miners’ Bitcoin Holdings Reach Two-Year High to Almost 2M

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Bitcoin miners are holding more bitcoins than at any point in the past two years as the cryptocurrency continues to trade above $11,000, signalling increased bullishness about future gains. According to wallet addresses tracked by Glassnode, miners are holding a total of more than 1.82 million bitcoins, setting a two-year high and continuing a noticeable upward trend that began in September 2019. In just the last year, aggregate holdings by miners have increased by roughly 2 percent, excluding growth from other bitcoin miners not tracked by Glassnode. There are three…

XRP Flashes Buy Signal At Bottom Of Potential Falling Wedge Pattern

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From the August monthly open to the high, XRP recorded nearly 25% gains on the month. Unfortunately for Ripple investors hoping for a new bull run, the altcoin was only able to hold onto just 1% of that as of the time of this writing. But while things may look bleak for XRP’s recent rally, a buy signal has just flashed at the bottom of what appears to be a falling wedge chart pattern. This could signal a reversal is coming, and a breakout is imminent. The 2020 Altcoin Market…

YouTube’s Whac-a-Mole Approach to Crypto Scam Ads Remains a Problem

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YouTube has long struggled with disinformation, misleading content and outright scams on its site. Despite lawsuits and Google’s own ad policies, cryptocurrency scam ads are still making it through the gates and circulating for days.  In April the CEO of Ripple, Brad Garlinghouse, filed a lawsuit against YouTube, alleging the company’s inaction against fraudulent content on its platform has damaged Ripple’s reputation by not curbing scam “giveaways” of XRP.  According to the complaint, in one instance a scammer stole $15,000 worth of XPR from a victim.  Garlinghouse is not alone.…

Another Turkish football club is capitalizing on blockchain madness

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Turkish football club Trabzonspor is the latest team to issue their own fan tokens using the Blockchain voting and rewards app, Socios.com, which will be available via the Chiliz exchange. According to the announcement, $TRA token holders will be able to vote in various polls and earn rewards for their engagement with the football club. Rewards could include VIP stadium attendee status, and even the ability to meet with players once the COVID-19 pandemic has passed. Socios’ app will also enable users to compete to become the #1 fan in…

NBA Playoffs Return after Players’ Boycott Success

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Boycotting their chance to finish off the Magic in their first-round series, the Milwaukee Bucks did not take the floor for Game 5 against the Orlando Magic. Subsequently, the Lakers-Blazers and Thunder-Rockets postponed their games on Wednesday night in solidarity to send a message to the world, and the rest of the league, that Jacob Blake’s shooting nor the unjust treatment of Black lives will be tolerated. The league announced that today’s playoff games will be rightfully boycotted and postponed as well, but the NBA will resume the 2020 playoffs…

Dow Soars as Walmart Joins Microsoft in the Hunt For TikTok Dow Soars As Walmart Joins Microsoft In The Hunt For TikTok

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The Dow Jones rose 0.9% Thursday. Federal Reserve chair Jerome Powell indicated in his speech that the U.S. economy would be free to run hot. Walmart stock surged despite weak jobless claims data after a report suggested the company will be making a run on TikTok with Microsoft. The Dow Jones rallied 180 points after Federal Reserve Chair Jerome Powell indicated that he was prepared to let the economy run hot. Lurking in the background, jobless claims are still unacceptably high in the U.S. Dow Jones Rallies Despite Rough Jobless…

African crypto exchange raises $1.5M from Andreessen Horowitz and others

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Showing continued digital asset growth in Africa, Nigeria-based crypto exchange, Yellow Card, has secured over $1 million in investments from a number of players in the crypto industry, including venture capital firm Andreessen Horowitz.  “Yellow Card has raised $1.5 million from investors to help further our expansion and solidify ourselves as the #1 place to buy and sell Bitcoin in Africa,” Chris Maurice, the exchange’s CEO, told Cointelegraph.  Noting the seed round as finished, Maurice added: “We raised 1.5 million from Andreessen Horowitz, Polychain, Celo and others. The goal of the…