EXCHANGES

Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009

[ad_1] On Wednesday, 50 bitcoin mined on February 9, 2009, was moved from the original address to a new address. The movement of coins caused a great commotion throughout the cryptocurrency community, as some individuals assumed it may have been the mysterious Satoshi Nakamoto. However, skeptics believe that even though the coins stemmed from an address a touch over a month old from the time Nakamoto bootstrapped the Bitcoin network,
BLOCKCHAIN

Algorand Targets Insurance Fraud With New Partnership

[ad_1] Distributed ledger technology (DLT) firm Algorand has partnered with blockchain-based tamper-proof media verification platform Attestiv to target fraud within the insurance industry.The firms will combine their tech to develop a single platform for verifying digital media for a multitude of stakeholders across the insurance sector — including insurers, customers, repair vendors and carriers.Media is validated using Attestiv’s AI-based platform “either at the point of capture or via forensic analysis”
Business

Coinbase Will Allow Employees to Work Remotely After Lockdown

[ad_1] U.S. crypto exchange Coinbase has announced it will transition to a “remote-first” workplace after the pandemic lockdown is over in an effort to guard against location-centric risks and to improve decentralization.In an open letter to all employees, Coinbase CEO Brian Armstrong said:“After the restrictions of quarantine are over, Coinbase will embrace being ‘remote-first’, meaning we will offer the option to work in an office or remotely for the vast
Business

No, ISIS Does Not Have $300M in a Bitcoin ‘War Chest’

[ad_1] Blockchain forensics firm Chainalysis has published a report debunking a number of popular narratives surrounding the use of crypto to finance terrorism.The report emphasizes the harm of false reporting in spreading misinformation and damaging the reputation of firms operating with virtual currencies.As “a trusted investigative partner to governments around the world, preventing terrorists from using cryptocurrency is one of our primary objectives,” Chainalysis states.“It’s a serious task, and it’s
Business

Craig Wright Denies Transferring ‘Satoshi’ Coins, Leaving Him in Legal Catch-22

[ad_1] Bitcoin’s SV’s billionaire benefactor Calvin Ayre revealed Satoshi claimant Craig Wright has denied moving 50 BTC from a long-dormant address thought by some to belong to the Bitcoin founder. On Wednesday, an unknown party moved 50 BTC ⁠— roughly $486,000 worth — from an address containing coins mined barely one month after the launch of the Bitcoin mainnet in 2009. But in a Twitter response to Blockstream’s Adam Back, Ayre said
EXCHANGES

Even After 94% Crash From 2018 Peak, Analysts Think XRP Isn’t Done Falling Yet

[ad_1] While XRP is one of the most popular projects in the space, it has been one of the worst performing large-cap cryptocurrencies since the 2018’s highs. Even after the recent rally in this nascent market that saw most digital assets double in the span of six weeks, XRP is down by over 94% from its all-time high established on Bitstamp in early 2018. And in March, the asset was
Business

Chinese Police Arrest 12 Fake ‘Huobi Officials’

[ad_1] Chinese authorities have dismantled a group of alleged scammers posing as Huobi exchange officials, who were operating an over-the-counter (OTC) website.As reported by local media outlet Jinse, on May 20 police arrested 12 suspects in Guangdong province believed to be behind the scheme, after an investigation found that WeChat crypto trading groups had been infiltrated from November 2019.Scammers persuaded victims to invest in the fake OTC platform, which was
Business

Mystery Account ‘Rescues’ $6M of STEEM From Hard Fork Seizure

[ad_1] As part of the long-running Steem drama, the Steem (STEEM) network experienced another fork today. Particularly designed to tackle “constant attack from malicious accounts,” the new hard fork doesn’t appear to have been entirely successful.Code named “New Steem” the hard fork 0.23 had two primary aims. The first was to reduce the power down period from 13 weeks to four weeks. The second was to seize 23.6 million in
EXCHANGES

Why It’s Unlikely the 50 Bitcoin Transaction From the 2009 Address is Satoshi

[ad_1] If you haven’t been living under a rock, you know that today, 50 Bitcoin from an address created one month after the cryptocurrency’s birth in January 2009 was just moved. Fifty coins is not a large amount of money if you consider the expanse of the entire crypto market. It’s around $500,000 in a market worth in excess of $200 billion. Though due to the proximity of this address’
Business

New Partnership Adds Crypto Payment Routes on Shopify

[ad_1] A partnership with crypto payment processor CoinPayments means bolstered digital asset payment compatibility for Canadian e-commerce giant Shopify. "Shopify is a natural fit for us," CoinPayments CEO Jason Butcher told Cointelegraph via email, adding:As they look to bring new features to their merchant base and CoinPayments works to drive cryptocurrency adoption globally, it makes sense to create an integration that enables easy, secure, and cost-effective transactions."Shopify sellers can accepts thousands of assetsShopify