Crypto EcoBlog
The social media platform, Reddit, has begun testing two types of Community Points running on the Ethereum blockchain announced last month. Upon the completion of the trial period, which should end by the summer of 2020, the distribution will start with 50 million tokens to users, moderators, and Reddit itself.Reddit’s Community Point Initiative BeginsAs CryptoPotato reported last month, the social media platform planned to incentivize users to be more engaged by allowing them to earn...
Read More »Bitcoin Pushes To $9,600 As Dominance Rises Crashing The Top Altcoins
Bitcoin had a very lucrative few days of trading as its price increased with roughly $1,000 since the halving took place. As it pushed above $9,500 today and its dominance increased, however, large-cap altcoins continue to suffer and fail to claim serious ground.Bitcoin Price Pushes Above $9,500At the time of this writing, Bitcoin’s price is pushing above $9,566 and it reached a daily high of $9,590 on Binance. The cryptocurrency started pushing hard last night as it took down important...
Read More »Halving Decoupling: Bitcoin Price Soars 9% While The S&P 500 Losses 5%
Bitcoin’s halving is behind us, and its price is nothing but soaring. Moreover, BTC is surging while legacy markets continue their downturn, strengthening the narrative that the cryptocurrency keeps on decoupling.Bitcoin Price Soars 9% in Less Than Three DaysBitcoin’s halving took place a little more than 48 hours ago. At the time, BTC was trading at around $8,550, and it currently changes hands at over $9,300, while the current daily high touched $9400 on Bitstamp. This marks an increase of...
Read More »Cryptocurrency Exchange Raises $17M Funding From Coinbase Ventures And Other Investors
Popular digital asset trading platform FalconX has raised $17 million from investors such as Coinbase Ventures, Flybridge Capital Partners, and Avon Ventures.FalconX Secured Funding Of $17MFalconX announced earlier today that it had raised $17 million in a financing form. In addition to the investors listed above, the rest are – Fenbushi Capital, Lightspeed Venture Partners, Accomplice VC, and Accel.Founded in 2018, FalconX has become a popular cryptocurrency trading platform with a reported...
Read More »India’s Government Partners With A Blockchain Company To Help Farmers
The government of India has partnered up with a blockchain startup to help increase their earning by eliminating the middleman.Cutting The Middleman In Product PlacementAs it was announced on Tuesday, the tech startup firm Acri10x will partner with the Indian government to stimulate farmers across the country. The idea is to build a better connection between small-scale growers, their businesses, and markets.This way, remote farmers in the country will be able to sell their products faster...
Read More »Zero-Fee Cryptocurrency Spot Trading Coming To Phemex Exchange
Phemex, a cryptocurrency exchange, has launched a premium membership program that allows zero-fee spot trading starting from May 15th, 2020. Users will be able to trade as much as they want without incurring additional fees as long as they purchase a Premium membership.. Moreover, all current users of the exchange will receive a 7-day Premium membership trial. Zero-Fee Cryptocurrency Spot TradingPhemex exchange is the first one in the derivatives and spot market to offer zero-fee trading on...
Read More »Research: Ethereum Blockchain Ponzi is Grinding Network To a Halt and Hiking Fees
The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens.That address belongs to the operators of MMM Global – a multi-level marketing scheme that offers 1% returns on investment per day. Targets are urged to contract more people into the scheme, with the promise of...
Read More »Madonna And Lady Gaga’s Law Firm Hacked By Bitcoin-Demanding Cybercriminals
A recent report indicated that the hacker group known as REvil (or Sodinokibi) had attacked the website of a New York-based law firm representing famous individuals such as Sir Elton John, Madonna, and Lady Gaga.Interestingly, the group recently announced switching from Bitcoin to Monero as the primary method of ransom payments.REvil Hacks A Law FirmThe BBC report revealed that REvil has taken down the website of the New York law firm called Grubman Shire Meiselas & Sacks. The group...
Read More »Wall Street-Linked Firm Discloses $140 Million Bitcoin Fund
According to a recent report, the New York Digital Investment Group (NYDIG) has sold nearly $140 million in a little-known Bitcoin fund. Formally called NYDIG Bitcoin Yield Enhancement Fund LP, it’s described as a pooled investment fund that began selling just last week.Bitcoin Fund Selling $140MPer the report from Forbes, NYDIG, which previously received a BitLicense from the state of New York in 2018, disclosed selling nearly $140 million in the previously unknown fund in a Form D filing...
Read More »Bitcoin Claimant Craig Wright Warns Opponents: The Axe Is In My Hand, And About To Fall Hard
The self-proclaimed Satoshi Nakamoto, Craig Wright, took the opportunity to publish a blog post on May 11, the day of the third Bitcoin halving, to warn his opponents in the Bitcoin space and beyond that, the axe is now in his hand – and it’s about to fall hard.The Axe Swings for TheeThat’s according to Wright’s latest rant titled, How the World Works; or, A Discourse on Fake News, in which he takes swings at Bitcoin, crypto YouTubers, John McAfee, Ira Kleiman, the “fake news” media, and much...
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