Day: August 28, 2020

Clippers’ Beverley Goes Too Far During Return to Play Negotiations

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Clippers guard Patrick Beverley, who has a history of run-ins with other players, reportedly went at NBPA director Michele Roberts during a meeting earlier this week. Tensions were high among NBA players as they planned their next move in the wake of the Milwaukee Bucks’ decision to boycott a playoff game on Wednesday in protest of the Jacob Blake shooting. The league postponed subsequent games, and uncertainty abounded over whether players were willing to finish the season. Multiple players, including NBPA president Chris Paul and Miami Heat forward/center Udonis Haslem,…

Wasabi Wallet Upgrades Its Bitcoin Mixing Functionality 

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Wasabi Wallet developers have been working on the platform’s CoinJoin feature and they are looking to release a new upgrade that would further enhance the transaction mixing functionality of the wallet, according to reports on August 27, 2020. Wasabi to Launch WabiSabi  Wasabi, an open-source, privacy-focused, non-custodial Bitcoin wallet that implements trustless CoinJoins over the Tor anonymity network, is set to release an upgrade to its algorithm to offer users a better experience. Dubbed WabiSabi, the team says it has been working on the project since the beginning of 2020…

Remembering Hal Finney’s contributions to Blockchain and beyond

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It’s been six years since Hal Finney passed away from the Amyotrophic Lateral Sclerosis, or ALS. Finney is known as an early supporter of Bitcoin (BTC), and one of the first people to respond to Satoshi Nakamoto’s initial post on the cypherpunk mailing list. In Bitcoin’s earliest days, he was the only one who fully understood the possibilities of the technology, without being overtly skeptical about its prospects.  Finney was one of the better-known cryptographers in the cypherpunk community even prior to his involvement with Bitcoin. Early in his career,…

Market Wrap: Bitcoin Climbs to $11.5K With Record Amount in DeFi

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Bitcoin bounced back from Thursday’s drop at a time when more of the cryptocurrency is locked in DeFi than ever before. Bitcoin (BTC) trading around $11,511 as of 20:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,231-$11,552 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since August 26. Source: TradingView Bitcoin’s price trended upward Friday, going as high as $11,552 on spot exchanges such as Coinbase. “Bitcoin has rotated around the most traded…

Ministers used influence to pilfer millions in alleged Ponzi Scheme

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A recent filing from the United States Securities and Exchange Commission, or SEC, takes action against three individuals for allegedly raising millions of dollars against more than 1,000 victims.  “From 2017 to May 2019, Jali, Frimpong, and Johnson, directly and through two entities created to perpetrate the scheme, Smart Partners and 1st Million (the ‘Companies’), fraudulently raised more than $27 million from approximately 1,200 investors, many of them African immigrants,” an Aug. 28 legal filing states.   The allegations claim the three individuals used their influence in churches and health care, preying…

As Tezos Reaches Key Support, Analysts Look Towards Chainlink for Guidance

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Tezos’ price has been caught within a downtrend throughout the past couple of weeks, slowly grinding lower alongside Bitcoin and Ethereum while most other mid-cap altcoins incur parabolic momentum. Analysts are now noting that where the cryptocurrency trends next may depend nearly entirely on Chainlink, as many investors have been treating XTZ as a “slower LINK” from a price perspective. It remains unclear as to whether or not the two assets are truly correlated, but traders attempting to play this correlation may actually have manifested it. As such, one analyst is…

On-chain Mechanism to Ensure Transparency

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Themis is a distributed oracle solution that can provide application scenarios for chain asset price oracles, random oracles, and computational oracles based on different needs. In this article, you can read more about the project. With the further development of the blockchain industry and wider adoption of digital assets, oracle solutions are gaining popularity as well. One of them is Themis. We’ve spoken with Kumar, the core developer of Themis, tp get more information about the peculiarities of the project and its prospects. Coinspeaker: What is the main goal behind…

Geopolitical risks prevail as new players emerge in the crypto mining space

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Taras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can offer to crypto miners. During an interview with Cointelegraph, Kulyk stated that global diversification of hashrate has been increasing as countries around the world vie for control of the crypto mining industry. Kulyk believes that China has been a desirable hub for crypto mining due to specific factors it enjoys, specifically the low cost of labor, access to units, and…

Are Altcoins Headed To Zero?

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Bitcoin is up well over 50% year to date, but altcoins have beaten out the first-ever cryptocurrency in 2020. Etheruem, for example, has tripled compared to the number one cryptocurrency, and several others hare outperformed by even more. But there are five, powerful high timeframe signals that could be suggesting that BTC dominance has bottomed, and altcoins are in for annihilation in the days ahead. Bitcoin Dominance Signals Bottom Is In, Are Altcoins Doomed? It is difficult to imagine, given just how strong altcoins have been performing in 2020. On…

Federal Reserve’s Major Policy Shift to ‘Push Up Inflation’ Could Send Bitcoin Price to $500K

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The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change. Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation. Fed Officially Set to Push Up Inflation The Federal Open Market Committee announced on Thursday significant changes to its policy strategy. The announcement coincides with Fed Chairman Jerome Powell’s speech to a virtual meeting of the annual…