The U.S. filed criminal charges against Russian national Artem Lifshits for his management of an affiliate of the infamous Internet Research Agency, which U.S. authorities accuse of interfering in the 2016 election. The new complaint alleges that Lifshits has managed the translator department of Project Lakhta since 2017, in which capacity he illegally obtained U.S. identification documents in order to use “the means of identification of United States persons to open bank accounts, PayPal accounts, and cryptocurrency accounts.” The charge is conspiracy to commit wire fraud. The U.S. Department of Justice…
Day: September 10, 2020
DeFi Effect: Ethereum Network Grows 25% In 2020, Most Addresses Profitable
Ethereum has had a remarkable year thanks to the DeFi explosion. Not since the ICO boom has the crypto asset seen this much demand, development, and network activity. And despite the recent plunge in Ethereum price, addresses have only grown, reaching a new all-time high and growing over 25% in 2020 alone. Here’s why Ethereum has experienced such unstoppable growth, and why it is likely sustainable for the long-term, unlike the fallout from the initial coin offering fundraising phase. Ethereum Takes 2020 By Storm, Tops Crypto Market In YTD Returns…
Pomp claims he convinced Jim Cramer to buy Bitcoin
Bitcoin bull Anthony “Pomp” Pompliano may have just persuaded Jim Cramer, the outspoken host of CNBC’s Mad Money, to invest in crypto. In a Sept. 10 tweet, Pomp claimed to have converted the man who once stated that Bitcoin (BTC) was like “Monopoly money” in a recording of his podcast, scheduled to be released on Sept. 14. His statement appears to have been confirmed by Cramer, who retweeted Pompliano immediately. Source: Twitter Anthony Pompliano is well known for a podcast in which he educates laymen and outright skeptics regarding cryptocurrency…
What to Expect From Bitcoin Cash (BCH) Hard Fork in November 2020?
Two years after the infamous Bitcoin Cash hard fork of 2018, the news about the new one scheduled for November 15, 2020, is spreading, and this time, nobody seems happy about the new possible drama. The Bitcoin Cash community is at the beginning of a new era – Bitcoin Cash hard fork may happen on November 15, 2020, splitting the network into two blockchains. The hard fork is a result of longstanding debates over development funding. Three main implementations are working in BCH right now: Bitcoin ABC, BCHN, and Bitcoin…
Jane Fraser Becomes First Female Citigroup CEO, Corbat to Retire
After eight years as CEO of Citigroup, Michael Corbat will be succeeded by Jane Fraser, who will be the first female CEO of this major Wall Street bank. Jane Fraser has been appointed to become the new Citigroup Inc (NYSE: C) CEO, becoming the first-ever female CEO of a Wall Street bank. In February 2021, Michael Corbat will retire after his thirty-seven-year service at the bank. Per a Bloomberg report, Fraser will become the first female CEO of a megabank in the U.S., upon Corbat’s retirement,. Fraser who is currently…
U.S. Unemployment Claims Remain High Against Expectations
With the job losses, the government institutionalizes aids for businesses in the form of the Paycheck Protection Program (PPP) as well as other unemployment benefits targeted to both businesses and families. The U.S. unemployment claims remain at high levels in the previous week against the general expectations of a decline. Per the numbers reported by Reuters, the initial claims for state unemployment benefits received by the Department of Labor totaled a seasonally adjusted 884,000 for the week ended Sept. 5, matching the number of applications received in the prior week.…
ByteDance Set to Miss Deadline for Sale of TikTok U.S.
ByteDance may miss the U.S. deadline for TikTok scheduled for the 20th of September. The Trump administration may force a sale by mid-November. ByteDance Ltd, the parent company of TikTok, may miss the sale of the U.S. arm of its video-sharing app. The Chinese company may need more time beyond the deadline to reach an agreement with a buyer. Before now, Microsoft Corporation (NASDAQ: MSFT) and Oracle Corporation (NYSE: ORCL) have submitted proposals to acquire the U.S. arm of TikTok. This happened after President Donald Trump issued a ban on…
Binance makes aggressive push on in-house DeFi with $100M fund
Following the launch of Binance’s Smart Chain, an Ethereum-compatible blockchain with a keen focus on decentralized finance, the exchange is now doubling down on its strategy to attract DeFi projects. At the company’s World of DeFi summit on Thursday, Binance’s CEO Changpeng Zhao announced the launch of a $100 million investment fund devoted to projects building on the Smart Chain. The fund will be used for a variety of purposes, including seed funding for projects building on the smart chain. The company says the maximum investment will be $100,000 —…
Top Trends in the Blockchain Industry for 2020 – Blockchain News, Opinion, TV and Jobs
Blockchain is going to revolutionize business operations across multiple industries. In another 20 – 25 years, almost everything would become tokenized and connected via a blockchain network. Undoubtedly, global research firm, Gartner, had listed Blockchain as a top strategic technology for 2020. With an impressive CAGR of 67% (2020 – 2025), the market size for Blockchain technologies is expected to reach 40 billion USD in 2025 (from 3 billion USD in 2020). The future is blockchain and hence, it is apt that we take a look at some of the…
US Legislators Approve Digital Taxonomy and American COMPETE Blockchain Bills in Tech Race with China
US lawmakers approved two bills, the American COMPETE Act and the Digital Taxonomy Act, raising the stakes in an active race against China for innovation in the blockchain and technological development sector. Lawmakers push for blockchain advancement The two bills proposed will then go on to the US House of Representatives for a vote. Through a webinar moderated by the Chamber of Digital Commerce, the American Competitiveness of a More Productive Emerging Tech Economy Act (American COMPETE act) was discussed. The legislative act advocated for research and development for the…