Crypto news

Square Inc. – a company led by CEO Jack Dorsey of Twitter fame – has announced a new initiative that will allow cryptocurrency and blockchain companies to form and remain innovative without all the hassles and problems associated with patents.Square Thinks Patents Are Major BurdensAs it stands, patents really get in the way of establishing a company. One startup may form an idea only to find that a patent has been filed on something similar. The competing entity has no desire nor any ambition...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – is trading for just over $10,200, which means that it’s fallen a little further in the past 24 hours. Still, despite the bearish phase the cryptocurrency appears to be experiencing, many people seem to be remaining loyal to the asset, among them Jack Dorsey of both Square and Twitter fame.Jack Dorsey: Bitcoin Is the Most Viable CurrencyAs the CEO of two major companies, Dorsey has long been a top advocate...

On September 12, 2020, CZ, the CEO of Binance, the leading cryptocurrency exchange, shared with his followers an unfortunate accident that led to a client losing $20,000 in the blink of an eye.In a tweet, CZ told the story of a user —whose identity he did not reveal— who sent 800BNB (about $20,000) to the wrong address. The transaction was made on the Binance Smart Chain, so the user, in his desperation, “begged” for Binance for help, considering that the exchange is responsible for...

It looks like another congressman has caught the bitcoin bug. Darren Soto – a democratic representative of the state of Florida – has announced that his reelection campaign this year will accept cryptocurrency donations and payments.Darren Soto Has His Eye on BlockchainSoto seems to believe that blockchain has what it takes to lead the U.S. into a new digital age. He’s also confident that the technology offers more benefits than many analysts seem to give it credit for. In a recent interview,...

Although SushiSwap’s protocol is already active and attracted over a billion worth of liquidity, a Glassnode analyst said that its governance token SUSHI is still highly overvalued. By exploring the economics behind SUSHI’s value, he outlined a fair price of $0.31 per coin.SUSHI (Still) OvervaluedLaunched as a Uniswap fork less than a month ago, SushiSwap took the DeFi world by storm. What gasped massive attention was the introduction of a governance token called SUSHI. This lured investors...

CoinGecko is, without a shred of doubt, one of the largest cryptocurrency data aggregators. The index has shown impressive growth over the past year following a renewed interest in cryptocurrencies as the total market cap grows in 2020.Data from SimilarWeb shows that CoinGecko has hit a considerable number of almost 25 million users in August alone.It’s safe to say that it’s one of the veteran crypto venues and a household name for the industry. CryptoPotato had the chance to reach Bobby Ong,...

Bitcoin continues to trade in the five-digit territory and even spiked towards $10,400. Binance Coin (BNB) is among the best performing tokens today, while most other larger-cap alts are marking minor gains.Bitcoin Struggles At $10,400After the unsuccessful attempt to overcome $10,500, Bitcoin dived yesterday and bottomed at about $10,200. However, the bulls interfered at that point and didn’t allow any further declines.In the following hours, BTC fluctuated in a tight range between $10,250...

The U.S. SEC has fined Atlanta-based rapper Clifford Harris Jr, better known as T.I, along with other individuals for their involvement in two fraudulent initial coin offering (ICO) projects.T.I, Others Pay $125K in PenaltiesAccording to a press release by the U.S. Securities and Exchange Commission (SEC) on Friday (September 11, 2020), T.I, along with businessman Ryan Felton and three other individuals based in Atlanta, were involved in a fake pump and dump ICO scheme. The rapper was cleared...

We do not negotiate with terrorists… This is the bedrock principle of countries like the United States. We’ve heard these words uttered in several movies and even political briefings, and now the idea of staying vigilant in times of strife appears to be edging its way into the minds of several other nations, including Argentina.Argentina Doesn’t Want to Give Up Its BitcoinRecently, the South American country had a little problem with cyberhackers. The country’s national migration agency was...

Swiss Blockchain Federation Die Swiss Blockchain Federation freut sich über das einstimmige Votum des Ständerats zur Blockchain-Gesetzgebung. Damit hat die Vorlage die Zustimmung beider Parlamentskammern erreicht. Die Schweiz erhält eine der innovationsfreundlichsten Blockchain-Regulierung der Welt. Der Ständerat hat heute der Blockchain-Gesetzgebung ohne Gegenstimmen...