Galaxy Digital CEO Mike Novogratz believes that Bitcoin is in a bull market as the asset has crossed a milestone in its adoption cycle. The former hedge fund manager also noted that BTC will only benefit if the US Federal Reserve continues printing such excessive amounts of money. Novogratz: Bitcoin Is In a Bull Market Bitcoin has been on a roll lately and earlier today marked a fresh yearly high of nearly $15,000. Apart from breaking the 2020 record, this impressive price...
Read More »The Associated Press Has Leveraged Ethereum For Recording US Election Data
Blockchain adoption has just achieved a major milestone. The Associated Press has chosen the Ethereum blockchain to publish calls for the latest US Presidential election. The nearly 200-year-old New York-based non-profit news agency has been counting votes since its inception in 1848 and will do the same this year too by collecting, verifying votes, and declaring winners in 7000 contests. This comes as the ETH 2.0 deposit contract was just launched. The Associated Press Takes...
Read More »Will Ethereum 2.0 Deposit Contract Release Help ETH Outperform Bitcoin Again?
Ethereum’s creator officially announced the release of the Ethereum 2.0 deposit contract a couple of hours ago. ETHUSD markets responded with a large green candle that has pushed the network’s native cryptocurrency past the $400 mark. The question is, will this latest update help ETH outperform bitcoin once again? Ethereum 2.0 Deposit Contract Officially Released Ethereum’s creator Vitalik Buterin took to Twitter to announce the launch of the Ethereum 2.0 deposit contract....
Read More »Bitcoin Sets New 2020 Record Surpassing $14,100: Highest Price Since Jan-2018
• This day has been nothing short of exciting for the cryptocurrency markets. In fact, it has been a wild ride for all markets, and that’s to be expected – after all, the 2020 US Presidential Elections are currently taking place. • As the officials are counting the last ballots in a few states, the situation is particularly dense, and markets are rather jittery and riddled with uncertainty. At this point, it has become rather clear that the vote could go either way. •...
Read More »The Future is Technology by Blockchain, Australian Senator Says
Andrew Bragg, an Australian Liberal Senator, has suggested that blockchain technology can be utilized to simplify the already complicated world of financial regulatory compliance. During a recent speech, he outlined DLT’s merits if employed correctly and said that “the future is technology by blockchain.” Blockchain To Aid Financial Regulator Compliance The 36-year-old former accountant at Ernst & Young was elected at the 2019 federal election as the Senator for New South...
Read More »Pump and Dump: Biden and Trump Election Tokens Insanely Volatile
The 2020 US Elections are on, and there’s no shortage of excitement around them. At the time of this writing, it’s anyone’s guess who the winner will be as ballots are still being counted in certain states. Bookmakers and cryptocurrency exchanges where users can bet on the outcome, however, are strongly favoring Joe Biden currently. This comes after massive volatility in the tokens in the past few hours. Massive Pumps and Massive Dumps One of the more popular cryptocurrency...
Read More »Binance Recovers $345,000 (99.9%) of Stolen Funds in a DeFi Exit Scam
The leading cryptocurrency exchange Binance has helped recover almost all $345,000 funds stolen due to an exit scam conducted by an automated market maker (AMM) dubbed Wine Swap. Binance Security Team Recovers 99.9% of Stolen Funds In a press release shared with CryptoPotato, the popular exchange shared that Wine Swap launched on Binance Smart Chain as an AMM platform on October 13th, 2020. However, just an hour after the product release, the team behind it “pulled the rug,”...
Read More »Telegram To Pay $625K in Fees After Dropping a GRAM Trademark Lawsuit
The encrypted messaging platform Telegram has to pay legal fees worth $625,000 to a cryptocurrency company as an aftermath of a lawsuit dating back to 2018. All Because Of The “GRAM” Trademark Telegram Messenger Inc. has been ordered to pay legal fees to crypto firm Lantah LLC after it dropped the lawsuit in August this year. As per the official court documents, U.S. District Judge Charles Breyer granted $618,240 in attorney fees for reportedly 1,030.4 hours’ work, billed at...
Read More »Bitcoin In US Senate: New Wyoming Senator Bought BTC in 2013
Republican candidate Cynthia Lummis, endorsed by President Donald Trump, has won the US Senate race in Wyoming. She will become the first woman to serve as US Senator in Wyoming’s history and one of the first Bitcoin proponents in Senate as she initially purchased BTC back in 2013. Bitcoin HODLer To Become Wyoming Senator Lummis served as Wyoming’s only US House member from 2009 to 2017. As former Senator Mike Enzi announced his retirement, Lummis received President Trump’s...
Read More »Huge $972 Million Bitcoin Transaction As The 4th Richest Wallet Emptied
One of the most famous Bitcoin wallets among hackers and treasure hunters in the crypto-verse is now empty. Someone moved over 69.369 BTC from a legacy wallet to a new native SegWit format address (a more modern format aimed at optimizing transactions by lowering their transaction fees). Everything about the wallet is a mystery: Nobody knows who owns it, who moved the funds, or why. But the wallet was as mysterious as it was popular. It was the fourth richest Bitcoin wallet...
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