Company Behind Fortnite Epic Games Partners With Blockchain Gaming Platform The Abyss

Epic Games, the company that developed successful videogame Fortnite, announced that it has partnered with blockchain game distribution platform The Abyss in a press release shared with Cointelegraph on May 23. The press release notes that the partnership will allow developers on the platform access to the Unreal Developers Network. Epic’s Unreal Engine requires developers to make quarterly payments equivalent to 5% of their returns, once they earned over $3,000. The engine is often employed by so-called triple-A or blockbuster Read more …

Authorities Seize Dutch Bitcoin Mixer in ‘Worrying Precedent’

Cryptocurrency figures have reacted with dismay after authorities in the Netherlands seized and shut down popular Bitcoin mixer Bestmixer.io. Europol To Bitcoiners: ‘You Are Not Anonymous’ Confirmed in a press release May 22, a joint effort between Europol, the Dutch Fiscal Information and Investigation Service (FIOD) and Luxembourg authorities resulted in confiscation of Bestmixer’s assets, documents, files and web domain. Internet security company McAfee, the product of now pro-Bitcoin U.S. presidential candidate John McAfee, was also involved in the takedown. Read more …

Teenage California Crypto Thieves Pinch $35 Million in SIM Swap Scam

By CCN: Hackers, many in their teens, have drained the accounts of more than 50 Californian victims in a $35 million SIM swap heist. Officials estimate that in total, $50 million has been stolen in related attacks around the US since the beginning of 2018. The online scammers have targeted California in particular with the San Francisco Bay area seeing the bulk of the attacks. SIM swapping is the process of porting a mobile number to another SIM card without Read more …

Dutch Bank Rabobank Cancels Development of ‘Rabobit’ Crypto Wallet

Dutch bank Rabobank has reportedly canceled its plans to develop a cryptocurrency wallet, technology news outlet The Next Web states on May 23. As Cointelegraph reported, the bank had announced a cryptocurrency wallet service dubbed “Rabobit” as a part of the Rabobank Moonshot fintech innovation program in February last year. Still, a spokesperson of the bank reportedly told the outlet that: “After careful consideration with our customers in mind we recently decided that now is not the time to develop Read more …

Despite Crypto Rally Pause, This Billionaire Still Expects Bitcoin at $250,000

Bitcoin (BTC) may have dropped by 4% in the past 24 hours, receding to $7,600 in an interday drop, but many analysts and investors are still optimistic. The thing is, the fact that BTC collapsed to $6,100 and then skyrocketed to tap $8,000 for a second time was deemed by many to be wildly positive, as it asserts that the bulls have control of the cryptocurrency wheel. One prominent investor claims that this is just the start though. He recently Read more …

CoinMarketCap Requests More Information From Exchanges to Make Market More Transparent

Recently, CoinMarketCap (CMC), arguably the industry’s best-known cryptocurrency market data service, announced an initiative to provide “greater transparency, accountability, and disclosure from projects in the crypto space.” The move followed recent reports on fake volume data and wash trading among cryptocurrency exchanges that were published last month. Now, all exchanges are required to provide mandatory application programming interface (API) data to CMC by June 2019. Those who fail to do so risk getting delisted from the platform. So, can this Read more …

Bitcoin Price Analysis: Bulls Rejoice as Ascending Triangle Support Holds

Bitcoin price analysis shows that BTC has managed to find safety at $7,600 while the crypto market recovers from a $14 billion pullback. Can bulls hold on to this critical support, or will the market continue to unravel? Let’s take a look. Bitcoin Price Analysis: Daily Chart On the 1-Day BTC/USD chart we can see that Bitcoin price 00 has returned on to the ascending triangle support at $7,600, as we predicted it would in yesterday’s analysis. If bullish traders Read more …

Rep. Eric Swalwell Is Accepting Crypto Donations in Bid for US Presidency

Rep. Eric Swalwell is accepting donations in cryptocurrencies to support his bid for the U.S. presidency in 2020. Announced Thursday by blockchain firm The White Company, which is providing the tech for the crypto donations, Swalwell will accept six supported cryptocurrencies – bitcoin, ether, bitcoin cash, stellar, bitcoin SV and The White Company’s native token White standard (WSD) – on a dedicated web page. Speaking generally about the technology, Swalwell said: “Blockchain can change the world, if we let it. So Read more …

2020 Presidential Hopeful Swalwell Launches Crypto Donations Campaign

Eric Swalwell, a United States Democratic presidential candidate for the 2020 elections, has launched a crypto donations campaign, according to a press release shared with Cointelegraph on May 23. Swalwell, 38, announced his presidential bid on April 8. A fourth-term Member of Congress from California’s Bay Area, he serves on the House Intelligence and Judiciary committees and co-chairs the Democratic Steering and Policy Committee. Swalwell is also reportedly founder and chairman emeritus of Future Forum, a Congressional caucus of House Read more …

Crypto Lender Dharma Adds Support for USDC

Crypto lender Dharma has begun supporting the peer-to-peer lending of USDC, The Block reported on May 22. Before now, the San Francisco-based company only supported Dai, a stablecoin backed by ether (ETH) that has been regarded as too risky by some investors due to its design, according to Max Bronstein, the company’s business development manager. As USDC is backed by the United States dollar, Dharma hopes that it will be able to attract mainstream investors to its decentralized platform. Bronstein told The Block that Read more …

Europol Ends Crypto Mixer Behind $200 Million Laundering Scheme

By CCN: The Dutch Fiscal Information and Investigation Service (FIOD) has taken down a cryptocurrency-mixing service, BestMixer.io, in a crackdown involving Europol and Luxembourg authorities. The anti-fraud agency said Wednesday that they had begun an investigation against BestMixer last summer. It alleged that the service used to facilitate monetary transactions with unlawful intent. The investigation unearthed many cases in which people used BestMixer for concealing and laundering criminal flow money. As a part of the move, the authorities seized six Read more …

Binance’s CZ Seeks Compensation From Sequoia for Alleged Reputational, Financial Damage

Changpeng Zhao, the CEO and founder of major crypto exchange Binance, is seeking damages from venture capital firm Sequoia Capital China for having ostensibly hurt his reputation and unjustly prevented him from raising capital during its now-dismissed legal challenge against him last year. A Binance spokesperson shared the news with Cointelegraph on May 23. Attorneys for Changpeng Zhao — better known in the industry as CZ — filed an application on May 20 with the Hong Kong High Court, seeking Read more …