On Tuesday, a letter from eleven Members of Congress to the Secretary of the Treasury was made public that urged Secretary Mnuchin to consider the use of blockchain technology to help in providing COVID-19 stimulus checks to Americans. With the high-profile nature of suggesting the U.S. Treasury could deliver money owed to the public with…
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The event that happens every four years is meant to prevent inflation, but attracts speculation. Like the leap year that comes every four years, it’s that time again for Bitcoin ( (BTC) ). We’re talking about “halving” — which often causes a speculative rise in the value of the cryptocurrency. For those not familiar, Bitcoin…
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Blockchain – Internet pioneer Jeff Pulver is working on the decentralized blockchain-based cryptographically-secured communications platform of the future. It’s called Debrief, and the goal is middleware that any communications app — Zoom, Houseparty, Facebook Messenger — could potentially use. That’s kind of a big deal, because he led early development of voice over IP (which…
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Cryptocurrency – From lower fumes to more time spent with family, there are some glimmers of light in the darkness of the COVID-19 era. And, despite the rise of coronavirus-themed scams, cybercriminals hoping to make bundles of cryptocurrency during global lockdowns are earning less than ever, according to a report released Friday. The report, shown…
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Bitcoin crashed this week, collapsing by almost 15% over the last seven-days and dragging down the wider cryptocurrency market. The bitcoin price, which has had an incredible start to the year, had been hovering around $10,000 per bitcoin before moving sharply lower—diving just as global markets went into free fall due to the spreading coronavirus.…
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Cryptocurrencies across the board were still licking their wounds this evening after a brutal weekend that battered any clear signs of a storming bull market into submission. Bitcoin – despite soaring on Friday – dramatically tumbled by $500 after the hard work of a steady build-up across the psychological $10,000 line was undone in a…
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Bitcoin exchange LocalBitcoins, often used as a gauge of bitcoin interest and prices around the world, has suddenly begun suspending long-time users’ accounts without warning. Reports began coming in this week that LocalBitcoins users across Africa, the Middle East, and Asia have had their accounts “deactivated.” Messages seen by this reporter were sent to account…
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A Russian computer programmer involved in the collapse of a big cryptocurrency exchange says he was tricked into handing over its entire assets to fraudsters posing as FSB agents, according to documents obtained by BBC Russian. Cryptocurrency – Alexei Bilyuchenko was a key player in Wex, which stopped trading in 2018, leaving customers unable to…
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Bitcoin and cryptocurrency have this year successfully provoked central bankers and governments to take digital currencies seriously—though many remain skeptical. The bitcoin price, which has failed to return to its all-time highs set in late 2017 despite a late December rally, was given a substantial boost in the first half of this year by social…
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CHINA’S MINING DOMINANCE Crypto – A new report has found that nearly 65% of the bitcoin hashrate originates from China, meaning that China has dominated bitcoin mining more than any other country this year. 2019 has been a relatively good year for miners in general, generating $5.4 billion in total revenue, and China has consistently…
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