Crypto venture capitalist and independent candidate for President Brock Pierce says he doesn’t think he’ll win the 2020 election — but has revealed how he plans to end up in the White House anyway. The presidential candidate told Cointelegraph said one of his main campaign strategies was to ensure that neither the Republican nor Democrat parties win a majority in 2020, by gaming the electoral college system: “If a third party such as myself were to win a single state, Read more …
Jeju Island, a southern island in South Korea, is one of the most popular tourist destinations for Koreans and has about 15 million visitors annually. It now requires those visitors to use a decentralized identity (DID) blockchain technology based app that claims to offer private, secure COVID-19 contact tracing. An August 19 announcement said that Jeju Province had reached an agreement with South Korean blockchain company ICONLOOP to introduce the system. Starting this week, visitors will be required to download Read more …
Barstool Sports founder Dave Portnoy has amassed a massive social media following in recent months while trading the stock market, and he is now jumping headfirst into Bitcoin and the crypto markets. Portnoy’s “Davey Daytrader Global” brand has taken off in recent months, with an army of retail traders closely following his every move as he trades the stock market within daily live streams. His growing influence over the market has led him to take a more aggressive approach to Read more …
There’s 88 days left until the Bitcoin Cash upgrade scheduled for November 15, 2020, and the community has been watching miners closely. On August 18, the Bitcoin ABC team published a blog post that revealed a “feature freeze is now in place,” as it contains a new coinbase rule. Moreover, during the last few days, a few groups of bitcoin cash miners have been signaling “Powered by BCHN” in the block’s coinbase parameters. The controversy in Bitcoin Cash land continues, Read more …
A Canada-based Middle Eastern restaurant chain just converted their entire fiat cash reserves into Bitcoin. According to an Aug. 19 tweet from Tahini’s — ‘the best Middle Eastern restaurant in the world’ — the decision to switch its cash reserves to crypto had its genesis in March’s crash, and when the Canadian government began to provide assistance programs for businesses unable to stay open due to the pandemic. With the United States and Canada printing money to prop up their Read more …
Bitcoin has begun to pull back after the crypto market hit levels of extreme greed not seen in well over a year. Already, sentiment has turned toward talk of new lows, or a revisit of a Black Thursday-like selloff. The pandemic is still a prominent factor, and the economy is only worsening. However, there is one important reason standing in the way of any chance of another Black Thursday style collapse. Will The Latest Crypto Market Crash Lead To New Read more …
Bitcoin has undergone a stark correction since the ~$12,400 peak on Monday. As of this article’s writing, the leading cryptocurrency trades at $11,700. This is $700 below the local high, though the asset fell as low as $11,600 earlier today. Bitcoin is down 3% in the past 24 hours, actually outperforming altcoins like Ethereum and XRP. The correction in the crypto market comes as the U.S. dollar has bounced after an influx of selling pressure. Analysts think that Bitcoin may Read more …
Ransomware gang REvil, known also as Sodinokibi, claims to have mounted a successful attack against the U.S. wine and spirits giant, Brown-Forman Corp — but the company claims otherwise. The company is the official manufacturer of Jack Daniels whiskey. According to cybersecurity services provider, AppGate, the famous alcoholic beverages manufacturer did fall victim to an attack but refused to pay the ransom demanded by REvil. In response the hackers put data stolen in the attack up for sale for around Read more …
The IOTA project has successfully completed its Chrysalis upgrade, enabling the network to handle up to 1000 transactions per second. This is around 50x faster than previously when the network topped out around 20 TPS. According to an Aug. 19 blog post from the IOTA Foundation, IOTA 1.5, AKA Chrysalis, is now live. The upgrade is designed to be an intermediate stage before the removal of the Coordinator from the IOTA network. The Coordinator is a centralized server managed by Read more …
Today, Yearn.finance (YFI) did what many believed was impossible: the altcoin’s price crossed above that of Bitcoin (BTC). Just minutes ago, the price of the Ethereum-based coin crossed above $12,000 for the first time ever, meaning it was trading above BTC’s then-current price of $11,750. YFI now trades at $12,250, but it is clear if these high prices will hold moving forward. Chart of YFI’s price action on Uniswap over the past few weeks (since the start of August) from Read more …
One lucky spin can propel your bet into a 5,000X multiplier, churning out huge amounts of money. Read on to find out how. Win Every Day Bitcoin Games, our very own cryptocurrency gaming portal, has teamed up with the popular games provider Pragmatic Play to bring a $2 Million tournament promotion with daily and weekly prizes. Daily Drops and Wins, as the promotion is called, offers one of the largest prize pools in the world of online casinos and is Read more …
Bitcoin has not performed well in the past 24 hours. After peaking at $12,400 on Monday, the leading cryptocurrency’s price action has rapidly reversed. As of the time of this article’s writing, BTC trades for $11,800 — around $600 before the local highs. Earlier today, Bitcoin traded as $11,600, meaning it had corrected around 7% from the local highs at $12,400. Here’s what analysts are thinking after the 7% drop. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, Read more …