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Sparks Fly as Old Core Developer Says Ethereum Could Help Bitcoin Scale

[ad_1] Bitcoin has seen a number of scaling improvements over recent years. For instance, Segregated Witness (SegWit) has seen mass adoption by cryptocurrency users and service providers, decreasing transaction fees by increasing the number of transactions that can squeeze into a block. There have also been positive developments made with the Lightning Network — the second-layer scaling solution that migrates transactions off-chain to decrease fees, increase speed, and bolster privacy.
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Spacex Bitcoin Scam Features BTC Giveaway, Elon Musk, and NASA Launch

[ad_1] A Spacex bitcoin scam has frequently appeared on Youtube, claiming to give away BTC. Its promo video features the recent Spacex launch with two NASA astronauts and an interview with Spacex and Tesla CEO Elon Musk. The scammers claim that anyone sending bitcoin to them will be “airdropped” twice the amount sent. Spacex Bitcoin Scam: Elon Musk’s BTC Giveaway A bitcoin scam claiming that Spacex and its CEO, Elon
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Five Wanted For Indian Crypto Scam Operating Since 2017

[ad_1] Indian police have registered a case against five individuals suspected of involvement in a cryptocurrency scam that has defrauded investors since 2017.Despite operating for several years, the scammers are only believed to have made away with a modest bounty of roughly $34,200.The group is believed to have solely operated in the Maharashtra state’s district of Palghar.Indian police target multi-year scamOn June 13, media outlet New Indian Express reported that
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Ayn Rand: Francisco d’Anconia’s Speech on Money

[ad_1] “So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for
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Developer Activity Surrounding Eos, Tron, and Bitcoin Cash Plummets

[ad_1] A report published by blockchain and AI investment firm Outlier Ventures has found a decline in developer activity of roughly 20% on average across 12 leading blockchain and cryptocurrency projects.In Outlier Ventures’ Blockchain Developer Report for the second quarter of 2020, the firm notes that development fell by half for top markets Bitcoin Cash (BCH), Eos (EOS), and Tron Tron (TRX).Despite the retraction in building, the firm notes that
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Analyst: Bitcoin Is Primed to Drop Under $9,000 Again After the Strong Bounce

[ad_1] Bitcoin has seen a strong recovery since plunging nearly $1,000 in approximately 12 hours earlier this week. As of the time of this article’s writing, the leading cryptocurrency trades for $9,500 — around 5% higher than the local lows. Yet a number of analysts believe that it is only a matter of time before BTC returns under $9,000 as bulls fail to step in. Related Reading: Here’s Why Ethereum
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Website Compiles List of KYC-Free Exchanges, Along With Some Warnings

[ad_1] A new website seeking to compile an active list of every cryptocurrency exchange that welcomes traders in some capacity without forcing them to hand over personal information through know-your-customer, or KYC, verification.Kycnot.me is only concerned with exchanges that support Bitcoin (BTC) or Monero (XMR), asserting that BTC is the largest crypto asset with the most adoption and XMR offers the strongest privacy protections.Website tracks KYC-free crypto exchangesThe website currently
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Cryptocurrency News From Japan: June 7

[ad_1] This week’s headlines from Japan included Japan's minister of finance spurring conversation on crypto terminology, Merkle Science joining the Japan Security Token Association, Fobi Japan listing its own token, and Coincheck unveiling a digital meeting and voting solution. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan.Japanese politician talks about crypto terminology confusionTaro Aso, Japan's minster of finance, recently labeled cryptocurrency terminology as confusing,
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JPMorgan: Bitcoin’s Market Structure More Resilient Than Currencies, Equities, Treasuries and Gold

[ad_1] JPMorgan’s strategists have reportedly found bitcoin’s market structure to be more resilient than those of currencies, equities, Treasuries, and gold. In a new report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class.” In a new report entitled “Cryptocurrency takes its first stress test: Digital gold, pyrite, or something in between?” JPMorgan’s strategists say bitcoin is looking “mostly positive,” Bloomberg reported Friday. The report,
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Blackmail is Behind Multi-Million ETH Transfer Fees, Say Researchers

[ad_1] Over the past week, the crypto community has been left befuddled by three small Ether (ETH) transfers that incurred millions of dollars in fees.However, new reports have given weight to speculation that the seven-figure fees may have been deliberately spent as part of a blackmail scheme targeting a cryptocurrency exchange, with Chinese blockchain analysis firm PeckShield concluding that the transactions were likely resulting from extortion attempts.Seven-figures ETH fees attributed