Day: September 22, 2020

You won’t believe the depths to which crypto scammers on Twitter are willing to sink

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Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter. Shortly into our conversation, he graciously offered me an investment opportunity in “Bitcoin trading/mining”, courtesy of a platform that he alleged was associated with Binance.  A tale of two Ivans; the real one is on the left. Source: Twitter. In reality, however, I was being approached by an Ivan impersonator, peddling a crypto affinity scam. The platform “Ivan” advertised, called Cryptobinance, has no affiliation with the actual Binance exchange, a representative of the company told Cointelegraph. But I…

Can We Please Just Cancel Alyssa Milano Already?

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Alyssa Milano is back in the news for more hypocritical actions. This time, the ‘defund the police’ activist called the cops on a guy with an airgun. It’s not the first time Milano has publicly broken her ‘activist’ nature. Why are we putting up with her? Alyssa Milano doesn’t know when to stop. First, she wants to defund the police. Now, she’s causing a massive and costly police response to a man with an air gun. Milano has loudly espoused her ideals, and she’s repeatedly gone against what she preaches.…

Bitcoin options still bullish despite this week’s $900 BTC price drop

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The $900 Bitcoin (BTC) price drop over the past two days might have been scary for novice traders, but those trading futures and options don’t seem bothered.  Cryptocurrency daily market performance snapshot. Source: Coin360 As Bitcoin price rallied to $11,000 on Sept. 19, investors may have become overly excited as the price briefly broke an important resistance level.  The steady rally lasted ten days and saw Bitcoin’s dominance rate rebound for a 15-month low and this had some traders calling for a return to the $12,000 level. This sentiment began…

Major banks implicated in the FinCen leak take a beating in the stock market

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The major banks who were mentioned in the recent FinCen leak were subsequently thrashed by the market today. According to the investigation conducted by the International Consortium of Investigative Journalists, over the 20-year period from 1997 to 2017, the listed financial institutions facilitated over $2 trillion worth of suspicious transactions. When this news broke out yesterday, it was a day of reckoning for many of these institutions. Stocks top-5 banks by the amount of suspicious activity. Deutsche Bank was allegedly singularly responsible for over $1.3T of such transactions. To put this…

Craig Wright’s Summary Judgment Denied – Billion Dollar Bitcoin Lawsuit Heads to Trial

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On Monday afternoon, Judge Beth Bloom, from the District Court of Florida, denied Craig Wright’s summary judgment and the infamous billion-dollar bitcoin lawsuit will go to trial in January. The court published a 93-page decision on the matter, as Judge Bloom detailed that “a genuine dispute of material fact exists” for a number of the complaints. Since Valentine’s Day in 2018, Craig Wright, the Australian who claims he invented Bitcoin, has been involved in a billion-dollar lawsuit. The case concerns the rightful ownership of an alleged 1.1 million BTC worth…

Chainlink Could Soon “Nuke” Lower if It Breaks Below Critical Support

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Chainlink’s price has been sinking like a stone throughout the past few days and weeks, with buyers being unable to garner any sustainable bullish momentum as the cryptocurrency faces immense inflows of selling pressure. This has caused the crypto to dive down to a crucial support level that has proven to be historically significant. As such, how it reacts to this level in the days and weeks ahead could provide some serious insights into its near-term outlook, with a strong bounce here providing bulls with a serious boost. A break below…

Market Wrap: Bitcoin Clings to $10.4K; Ether in Smart Contracts Highest Since 2016

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Bitcoin stuck around $10,400 for most of Tuesday. Meanwhile, ether holders are increasingly choosing smart contracts to park the cryptocurrency. Bitcoin (BTC) trading around $10,494 as of 20:00 UTC (4 p.m. EDT). Gaining 0.10% over the previous 24 hours. Bitcoin’s 24-hour range: $10,357-$10,532 BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians. Bitcoin trading on Coinbase since September 20.Source: TradingView After bitcoin prices fell sharply Monday, the world’s oldest cryptocurrency stayed near the $10,400 mark on spot exchanges such as Coinbase Tuesday.  “Bitcoin remains…

Uniswap UNI Token FOMO Brings Ethereum Fees To Nearly $1M An Hour

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Last week, Uniswap launched its UNI token and set the crypto market ablaze with renewed interest in the DeFi project. The 400 free tokens essentially acted as a stimulus check, and as investors rushed to cash their “checks,” it brought Ethereum fees sky-high to a record nearly $1 million in a single hour. What does this mean for Ethereum, and what does it say about the demand for Uniswap’s new DeFi coin? UNI FOMO Drives ETH Gas Fees To Record One-Hour Highs The DeFi trend has brought about flashbacks of…

Emin Gun Sirer’s $42 million blockchain for DeFi scaling has launched

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Avalanche, a blockchain offering scalability to the world of decentralized finance took its mainnet live on Sept. 21.  “From Snowflake to Avalanche, the decentralized platform has come a long way, and its journey has only just begun,” Ava Labs said in a Sept. 21 statement on the mainnet launch. Ava Labs is the entity responsible for building the Avalanche blockchain and project. Emin Gün Sirer, ranked 52nd on Cointelegraph’s list of the top 100 people in crypto and blockchain, serves as Ava Labs’ CEO.  Avalanche runs its own consensus protocol, paving…

Trabzonspor $TRA Fan Token Generates 5 Million Turkish Lira in less than 5 Minutes

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Trabzonspor, in partnership with Chiliz (Binance: $CHZ, Paribu: $CHZ), have announced that the initial supply for their $TRA Fan Token has sold out in less than 5 minutes after launching on fan voting and rewards app Socios.com. 625,000 $TRA Fan Tokens were available at a fixed price of 8  Turkish Lira (TL) in the flash sale, with $TRA sold on a first-come, first-served basis. The sale generated 5 million TL. $TRA Fan Token holders will be able to influence the club straight away by voting in the first poll to…