Business

Steem to Freeze Another $5M in Tokens Associated With Hive Supporters

[ad_1] The controversy surrounding Justin Sun’s handling of the Steem (STEEM) network continues to grow, with Steem moving to freeze another $5 million in tokens held by dissident Steemit witnesses and stakeholders.Network validators — called ‘witnesses’ — associated with Sun have sanctioned the move to freeze 23.6 million in STEEM tokens, accusing the account holders of posing an existential threat to the Steem network.However, critics claim the hard fork vindictively
EXCHANGES

5000 BTC Giveaway Scam: Chamath Palihapitiya, Elon Musk Not Giving Away Bitcoin

[ad_1] The number of bitcoin giveaway scams has been increasing rapidly amid rising prices cryptocurrencies and deepening economic crisis worldwide. These scams claim that famous people are giving away bitcoin, such as Virgin Galactic Chairman Chamath Palihapitiya, Tesla CEO Elon Musk, and U.S. presidential candidate Michael Bloomberg. Bitcoin Giveaway Scams on the Rise Bitcoin giveaway scams claiming that celebrities are giving away bitcoin or other cryptocurrencies are on the rise
BLOCKCHAIN

Coil Creators Can Now Receive Payouts Using Uphold Wallets

[ad_1] Digital payment platform Uphold has announced a partnership that allows Coil creators to be able to select the platform as their wallet provider to receive payments in over 50 currencies.Coil is a service that provides alternative methods for content producers to monetize their work online. “The ability to pay for [their] app subscriptions, news articles, or premium experiences with zero-clicks and in real time feels like the future,” said
EXCHANGES

Retail Investors Are Rapidly Accumulating Bitcoin, Boosting Long-Term Outlook

[ad_1] When Bitcoin crashed to $3,700 this March, many were no doubt scared to invest. After all, when the crash transpired, there were traders — and prominent traders at that — seriously expecting the cryptocurrency to fall off a price cliff. Long-time commodities trader and Bitcoin investor Peter Brandt, for instance, wrote on the day of the crash: “If I interpret the chart without bias, I would say sub $1,000”
ALTCOIN

Why Cardano Founder Chose Wyoming Over the ‘Giant Egos’ at Harvard

[ad_1] Cardano founder Charles Hoskinson has revealed why the University of Wyoming presented a more attractive choice than Harvard, MIT or Cornell for Input Output’s (IOHK’s) lab.IOHK, the company charged with the development of Cardano, donated $500,000 in ADA to the blockchain lab at the university earlier this year. The State of Wyoming is known for its progressive crypto legislation, which allowed former Wall Street executive Caitlin Long to establish
Business

Chinese Communist Party Adds Crypto to Curriculum

[ad_1] A higher education institution that trains Chinese Communist Party officials has published a new book about cryptocurrency. According to a local blockchain news report on May 19, the Party School of the Central Committee of the Communist Party of China — also known as the Central Party School — published the book as part of a book series on disruptive technologies. Previous entries in the series include “A Dialogue With
EXCHANGES

Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’

[ad_1] On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24% remain exclusively loyal to the digital asset. 75% of Coinbase Customers Eventually Buy Other Digital Assets Rather Than Bitcoin Coinbase
EXCHANGES

Trader Claims Ethereum May Soon See a 45% Drop: Here’s What’s Behind the Prediction

[ad_1] Ethereum has been able to gain some ground against Bitcoin throughout the past several days This slight uptrend may not last for too long, however, as analysts are noting that the cryptocurrency is not in firm bull territory until it is able to break above its yearly highs Importantly, one analyst is noting that ETH could be positioned to see a massive capitulatory decline in the days and weeks
Business

Bitcoin Options Market Data Shows Mere 9% Chance BTC Reaches $20K in 2020

[ad_1] The Bitcoin (BTC) options market, which is mostly dominated by Deribit and CME, gives a 9% chance for BTC to rise to it's all-time high at $20,000 by the end of 2020.Given the tendency of Bitcoin to see a prolonged rally six to eight months after a halving is activated, traders in the options market are relatively cautious about the medium-term trend of BTC.Data shows the BTC options market
Business

CME Traders Prefer Cash-Settled Bitcoin Products

[ad_1] Chicago Mercantile Exchange's, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC). "So far, clients have expressed a clear preference and priority for a cash-settled product," McCourt told Cointelegraph in an email when asked why the CME chose to go the cash-settled route for its Bitcoin futures trading product back in 2017. The CME