Business

Former BTC Developer Settles ‘Rapist’ Defamation Suit

[ad_1] Peter Todd, a former Bitcoin Core developer, has settled a defamation lawsuit against cryptographer Isis Lovecruft who accused Todd of being a rapist in a tweet posted in February 2019.The terms of the settlement will see the suit dropped without monetary compensation in exchange for Lovecruft issuing a statement “clarifying that they do not assert (as they have never asserted) that Todd raped or sexually assaulted them personally.” Lovecruft
EXCHANGES

Global Market Sees Increased Cryptocurrency Interest as Crypto Betting Sites Thrive

[ad_1] Bitcoin Press Release: Leading cryptocurrency aggregator CoinmarketCap has released a report detailing a surge in crypto Interest across both age and regional demographics. This recent adoption was aided by the resurgence of popular casino and sportsbook sites like 1xBit.  15th June 2020, Cyprus – According to data from CoinMarketCap, the biggest crypto data aggregator on the market, more and more users are showing an interest in digital assets. This interest was recorded in
BLOCKCHAIN

Compound’s New Token Tops DeFi Rankings on First Day

[ad_1] After a single day of trading, Compound’s COMP token has emerged as the largest decentralized finance (DeFi) token by market capitalization.COMP overtook MakerDAO’s MKR token by market cap as it rallied by more than 60% over just a few hours. The token’s price has since pulled back around 20% from its local highs over $100. Compound’s market cap of nearly $740 million is 35% greater than Maker’s $547.1 million,
BLOCKCHAIN

39% of Companies Worldwide Now Have Blockchain in Production

[ad_1] Auditing giant Deloitte’s latest survey shows that almost 40% of respondents from major technology companies worldwide currently have blockchain in production — and almost nine in ten think blockchain will become more important in the next three years. According to the results of Deloitte’s 2020 Global Blockchain Survey conducted from Feb. 6 to March 3, 2020, 39% of 1,488 senior executives and practitioners in 14 countries said they  have already
EXCHANGES

Why It’s “Increasingly Unlikely” Bitcoin Crashes Under $7,000: Analyst Explains

[ad_1] As Bitcoin has stalled in the $8,000s and $9,000s over recent weeks, certain analysts have begun to expect a strong move lower. One top trader went as far as to say that BTC could see a 40% drop in the coming months. He attributed this sentiment to how the cryptocurrency has seen such retracements in previous bull markets: “I’ve been seeing more and more comments saying BTC going down
Business

Chainlink, MakerDAO Honored as World Economic Forum ‘Tech Pioneers’

[ad_1] The World Economic Forum (WEF) has recognized six blockchain firms on its list of 100 ‘early to growth-stage’ companies as Technology Pioneers for 2020.According to the WEF’s website, the blockchain and crypto startups recognized for pioneering new technologies and innovations in 2020 are Lightning Labs, Chainlink, MakerDAO, Bitcoin analytics firms Elliptic, Latin America-based cryptocurrency startup Ripio, and Veridium Labs.They’re among 100 companies from around the world chosen for their
EXCHANGES

Bitcoin Avoids Forming a Death Cross; Instead Confirms Bullish Triangle Pattern

[ad_1] Bitcoin’s sharp decline seen yesterday put it in peril of losing its macro technical strength and seeing even further downside The cryptocurrency has been able to largely invalidate this weakness, as it is now pushing up towards its previous consolidation channel Its strong reaction to its recent lows allowed it to narrowly avoid forming a so-called “death cross” on its cloud indicator It also confirmed the existence of a
BLOCKCHAIN

Chinese Tech Group Behind TikTok Looks to Enter Finance

[ad_1] ByteDance, the Beijing-based multinational tech group behind Tiktok, is looking into adding banking to its line of products and services. It is currently bidding for a digital bank licence in Singapore, according to the Financial Times on June 15. Competition is stiffByteDance is likely to compete with a few other Asian tech giants including Alibaba’s Ant Financial and electronic leader Xiaomi to obtain one of the five virtual banking licences
Business

Phishing Sites Use Trick Letters in Domain Names to Steal XRP

[ad_1] Cryptocurrencies forensics experts from Xrplorer warned on June 15 of an elaborate phishing scam where hackers try to steal the secret keys of XRP users, under the false premise that Ripple is giving away tokens.According to the report, the scam campaign, whose origin dates back to approximately January 17, 2020, began sending memo messages with minimal XRP amounts that said:“Starting February 1, 2020, Ripple is releasing 3 Billion XRP
Business

Bitcoin Ponzi Scammer Arrested by Jakarta Police for Sexual Assault

[ad_1] Russ Albert Medlin — co-founder of alleged crypto Ponzi scheme BitClub — was arrested in South Jakarta under accusation of sexual assault on minors.Local news outlet Jakarta Globe reported on June 16 that local law enforcement arrested Medlin on Monday. Jakarta Police chief Yusri Yunus explained that law enforcement received “tip-offs from the public that underage women were often seen” at his residence. When surveilling the place where he