Day: April 7, 2021

Cardano’s Cfund First Capital Goes to Israeli Fintech Startup Coti – Altcoins Bitcoin News

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This latest move to broaden cooperation between Cardano and Coti builds upon previous collaborations as the former seeks to upgrade its payment solution on top of the former’s expanding financial infrastructure. Strategic Investment Marks First Allocation for New Ecosystem Venture Fund One of the earliest proposed use cases for blockchain was the democratization of financial services, namely by reaching unbanked and underbanked communities worldwide. From remittance payments, access to credit facilities, or even just digital wallet solutions, advancements across the blockchain landscape have finally made this vision a reality. Among…

Fei Protocol struggles with a bug as holders are mostly unable to sell the token

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Wednesday’s crypto market correction put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particular mechanics of the protocol, the FEI token became impossible to sell as its main liquidity pool quotes a negative price for the token. The Fei protocol is a recently-launched project that has immediately attracted billions in liquidity and total value locked by selling its FEI token, an algorithmic stablecoin using the concept of Protocol-Controlled Value to…

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Riot Blockchain purchases 42,000 Antminers from Bitmain

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Riot Blockchain, a cryptocurrency mining company, has expanded its fleet and mining capacity with a new purchase order for 42,000 S19j Antminers from Bitmain. Megan Brooks, Riot’s COO, said the latest purchase order positions her company and the United States at the center of the Bitcoin mining industry: “By nearly doubling its planned hash rate capacity, Riot continues to take great strides forward in growing both the Company’s and the United States’ share of the global network hash rate. We are proud of this accomplishment and remain focused on continuing…

Bitcoin Network Hashrate Hits Fresh All-Time High 

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The Bitcoin network hashrate has hit a new all-time high of 179.4. Experts say the new milestone is attributable to the fact that even mining machines that were previously deemed obsolete are now generating profits for their owners. Bitcoin Hashrate Surges Per data available on CoinMetrics, the mean hashrate of the Bitcoin network has now reached a new all-time high of 179.4 and sources close to the matter have revealed that the increase is partly attributable to the current mad rush for semiconductor chips and bitcoin mining machines. The bitcoin…

Palihapitiya Replies to Munger’s Bitcoin is a “Scum Ball Activity” Assessment

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The Founder of Social Capital, Chamath Palihapitiya said Buffett, Munger, and Gates are wrong about their negative assessment of Bitcoin. Like Buffett and Munger, the Canadian venture capitalist is also considered something of a savvy investor. However, when it comes to cryptocurrency, that’s where the similarities end. Palihapitiya Defends Bitcoin During a CNBC interview, a series of short clips featuring Buffett, Munger, and Gates was shown. On Bitcoin, Buffett said, “the asset itself is creating nothing.” Whereas Munger led with “I think it’s a scum ball activity.” While Gates holds…

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5 key reasons why Bitcoin will likely see new all-time highs soon

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The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals. However, five key indicators are suggesting that major sellers are about to turn into hodlers or even accumulators of Bitcoin again while institutional demand remains high. This is an explosive setup that may send Bitcoin to new all-time highs in the near term. Whales stopped selling The number of whales, which are considered Bitcoin addresses with a balance equal to and more than 1,000 Bitcoin, declined by more…

XRP Surpassed the $1 Mark After Token Doubled Value in Just Seven Days – Altcoins Bitcoin News

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The value of Ripple’s XRP token soared to $1.09 on April 6, 2021, making it the first time the crypto has surged past the $1 mark in nearly three years. The token’s new 52 week high has coincided with an altcoin price rally which has seen the value of some tokens surging to new all-time highs. However, at the time of writing, XRP had retreated to just under $1 as the altcoin rally appeared to tapper off. Token Defying SEC Lawsuit Meanwhile, XRP’s rally, which has seen the value of…

Here’s how hackers can exploit data

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Facebook is no stranger to data hacks and leaks, with the company having been on the receiving end of many high-profile security breaches in recent years. For example, back in 2018, the social media giant revealed that it had inadvertently exposed the personal information of more than 50 million users due to a small error in its platform coding, thus allowing miscreants to gain access to its users’ accounts. Similarly, in 2020, the Mark Zuckerberg-led firm was embroiled in another major controversy when it came to light that thousands of…