EXCHANGES

Peter Schiff Admits Bitcoin Has ‘Some Appeal’ But Won’t Replace Gold

[ad_1] For some, bitcoin is the creme de la creme of assets. Others say its gold. But is one really better than the other? The meteoric rise in bitcoin’s price over these past few weeks has re-ignited this debate. As you might expect, there has been no shortage of opinion about the topic. Bitcoin has often been coined ‘digital gold’ if not ‘peer-to-peer gold.’  And just last week, a highly
Business

Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

[ad_1] Binance, one of the largest cryptocurrency exchanges by daily trade volume, has experienced a major security breach on May 7, according to a statement shared with Cointelegraph on May 7.Per Binance, hackers employed a variety of tactics including phishing and viruses to obtain a large number of 2FA codes and API keys in addition to other information.According to the exchange, there was one affected transaction, wherein hackers were able
BLOCKCHAIN

Turkish University Opens Blockchain Center at Boston’s Northeastern University

[ad_1] Turkish Bahçeşehir University (BAU) has reportedly opened a blockchain center at Boston's Northeastern University (NEU) to provide informational support on blockchain technology, Daily Sabah reports on May 7.Apart from informational support, the BAU–NEU Blockchain Laboratory's objective is to apply for funds in the United States, the European Union and Turkey, thus boosting Turkey's presence in the blockchain market and attract specialists in the field.Commenting on the cooperation, Chair of the
Business

Bitmain’s Hashrate Noticeably Dropped in Past 30 Days

[ad_1] Chinese cryptocurrency mining giant Bitmain's hashrate has noticeably dropped in the past 30 days, according to the company’s hashrate disclosure update as of May 7.Per the data analyzing the hashrate of all Bitmain-owned hardware, updated once every 30 days, the SHA256 hashing algorithm — which is used in the bitcoin (BTC) mining network — has dropped from 1,692.35 quadrillion hashes per second (PH/s) in March to 237.29 PH/s as
BLOCKCHAIN

Former Investor Sues OneCoin Scheme, Seeks Class Action

[ad_1] Former OneCoin investor Christine Grablis is suing the cryptocurrency investment scheme for fraud, according to a complaint filed on May 7.Grablis is seeking damages and a class action suit to represent other investors purportedly defrauded by OneCoin.The full list of defendants in this lawsuit — Grablis v. OneCoin Ltd. — includes OneCoin Ltd, Ruja Ignatova, Konstantin Ignatov, Sebastian Greenwood, Mark Scott, along with other potential parties who have yet
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Feds Seize News Site Deepdotweb as Darknet Crackdown Intensifies

[ad_1] The FBI, working in conjunction with its European partners, has struck another blow against darknet markets (DNMs). On this occasion, it’s a particularly low blow, as news website Deepdotweb has become the latest victim of its interminable war on drugs. On May 7, both its clearnet and darknet domains were seized, and the operators arrested and slapped with money laundering charges. Also read: Schnorr Signatures Await Bitcoin Cash as
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Binance Survey Reveals 65% Would Donate to Anti-Craig Wright Legal Fund

[ad_1] Two-thirds of cryptocurrency users would back a fundraising initiative to help those being sued by self-proclaimed Bitcoin creator Craig Wright. Zhao Scheme Gets Majority Support In a survey, Changpeng Zhao, CEO of cryptocurrency exchange Binance, asked followers whether they would back his plan to use the Blockchain to create a fund for legal fees and associated costs. Wright, who alleges he is the entity behind Satoshi Nakamoto pseudonym, has
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Bitcoin Price Analysis: Bull Trend Continues as Market Marches To $6K Level

[ad_1] Summary: Bitcoin’s strong uptrend resumes as, once again, the market has claimed new highs in the $5,900 zone. Our market structure remains bullish as we have consistently created higher highs and higher lows. Specifically, the market structure has progressed in a sort of stair-stepping fashion that has created multiple zones of support that have been tested several times on the 4-hour time frame. On a macro scale, we are
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Bitcoin Transactions Spike in April While SegWit Keeps Fees Low: Report

[ad_1] Research has shown that the number of on-chain Bitcoin transactions has risen dramatically throughout 2019, nearing the volume of Bitcoin’s peak in December 2017. Even so, transaction fees are a fraction of what they were around bitcoin’s all-time high, likely due to the continued uptick of SegWit transactions on the network. These findings were published in the May 6 edition of digital asset publication Diar. Among other research related
BLOCKCHAIN

Sprott CEO Predicts Bullish Future for Blockchain-Based Digital Gold

[ad_1] Peter Grosskopf, CEO of the global asset manager Sprott, has posited that blockchain technology will make gold a more valuable and practical asset, according to an interview with Kitco News on May 7.Regarding the day-to-day usability of gold — and how blockchain improves the situation — Grosskopf remarks:“I think it was quite realistic to criticize gold because you weren’t gonna go to a gas station and pay for your