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Ransomware extortionists get counter-offered to zero. | Source: Shutterstock When ransomware attackers targeted the city of New Bedford, Massachusetts, two months ago demanding $5.3 million in Bitcoin, they must have felt very confident when turning down a counter-offer of $400,000 that the city presented. That feeling probably turned to regret soon thereafter as it has now emerged that the U.S. city did not bid up. According to Mayor Jon Mitchel, instead of offering more, the city decided to turn to Read more …

Apple is due to launch its new series of iPhone phones within days. | Source: Photo by Josh Edelson / AFP Apple is all set to hold an event on Sept. 10 where it will display its 2019 iPhone models. Cupertino is also expected to make other important announcements regarding its video and game streaming services. It’s official, Apple’s next big event is happening Sept. 10 https://t.co/FdSJD3f5Ge — CNET (@CNET) August 29, 2019 But all eyes will be on what Read more …

Bakkt picked a tough day to begin securing assets, but it’s still been on bitcoin’s highlight reel in 2019. | Source: Shutterstock Bakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community’s collective heads. Today the bitcoin futures exchange made one giant leap toward its official launch by opening up Bakkt Warehouse Custody, which is the arm of the business that will keep big investors’ funds safe Read more …

Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value and units of account, as they are subject to major fluctuations. Jordan went on to say: “Crypto tokens are more like speculative investment instruments than Read more …

Friday, Sept. 6 — The Bitcoin (BTC) price is holding around the $10,400 price mark after the largest cryptocurrency got rejected in its attempt to break $11,000. Market visualization. Source: Coin360 Bitcoin was well on its way to the $11,000 price mark, hitting an intraday high of $10,895 when it lost $400 in less than an hour of trading. At press time the world’s most popular cryptocurrency is trading at $10,350, down 2.12% on the day. Bitcoin’s 24-hour price chart. Source: Coin360 Read more …

The hype surrounding the imminent launch of Bakkt’s physically settled Bitcoin futures platform may not be unwarranted, as it now appears that some of the biggest BTC whales in the market are transferring their massive holdings into Bakkt’s warehouse custody solutions. Assuming that the platform’s launch is met with great utilization, it is highly probable that it will help propel that crypto markets forward and could even spark a significant Bitcoin uptrend throughout the second half of 2019. The Whales Read more …

Lithuanian blockchain startup DappRadar, a platform for discovering and analyzing blockchain-based decentralized applications (DApps), announced it raised $2.33 million in seed funding. $2.33 million to expand services  On Sept. 5, DappRadar announced the closing of a $2.33 million seeding round, which was led by Naspers, a South African-based global internet and media group, with participation from Blockchain.com Ventures, a venture capital fund and subsidiary of Blockchain.com, and Angel Invest Berlin. The blockchain startup, which tracks over 2,500 dapps across seven Read more …

Ethereum’s testnet activation of the Istanbul hard fork has been pushed back to early October, according to the community manager of the Ethereum Foundation, Hudson Jameson. According to CoinDesk on Sept. 6, Jameson said on a developers’ call that the testnet launch of the hard fork is now scheduled to take place in the beginning of October. He added: “For anyone listening in who doesn’t know how this works, we pick a block number that we estimate to be around Read more …

Bitcoin bull John McAfee wants to resolve his disagreement with the South China Zombie Research Centre over their “zombie ICO” partnership. | Source: REUTERS/Alexandre Meneghini Bitcoin bull John McAfee wants to resolve his dispute with the South China Zombie Research Centre over their “zombie ICO” partnership. China Zombie threatened to file a $100 million lawsuit against McAfee. In an angry tweetstorm, China Zombie claims McAfee trashed them in a white paper they had hired him to write to promote their Read more …

Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment. Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release their own digital currency in the near future. Powell added that cryptocurrencies raise a range of concerns including cyber security issues: “If you think about Read more …

This past Thursday, dapp.com closed a $1 million Pre-A Investment round led by Hashed, a South Korean blockchain VC firm, and Du Capital. Dapp.com provides data analytics for decentralized app products built on blockchains such as ethereum, EOS, tron, steem, and others. In a statement, Dapp.com Founder and CEO, Kyle Lu said the funds will be directed toward opening new markets. “These funds will be used to help Dapp.com boost our user base and revenue by expanding to new markets Read more …

The encrypted instant messaging service Telegram has released the Telegram Open Network (TON) testnet explorer and node software. Telegram token due in two months On Sept. 6, Telegram released its Telegram Open Network (TON) testnet explorer and node software on its website, two months ahead of its planned launch of the Gram digital currency. As Cointelegraph reported on Aug. 28, three anonymous investors in Telegram’s $1.7 billion private initial coin offering had said that Telegram confirmed it would issue the first Gram Read more …