Day: June 19, 2020

11.4 M Bitcoin Held As Long Term Investment

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According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians. Breakdown of Bitcoin supply. Source: Chainalysis. Digital gold The company concluded that the breakdown of Bitcoin’s supply makes it similar to gold, supporting the asset’s status as digital gold. They clarify, however, that it is the 3.5 million BTC that is actively traded which supports the price: “But this digital gold is supported by an active trading market for those who prefer to buy and sell frequently. The 3.5…

Blockchain Tech May Soon Fuel Medical Tourism in South Korea

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In Busan, a private-public consortium in South Korea announced their intention to build a blockchain-powered medical tourism platform. No deadline for launch is currently set. According to Gyeongnam Ilbo, the initiative will be led by Busan Bank. They are looking to establish the platform within the second largest city of the country in terms of population. The group’s main goal is to strengthen the medical tourism sector. The consortium includes Pusan National University Hospital, Dong-A University Hospital, Gosin University Gospel Hospital, Samyuk Busan Hospital, and payment brokerage company Knet Co.…

UNICEF Cryptocurrency Fund Makes Its Largest-Ever Investment

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Today eight technology companies from seven different emergent economies will receive an investment of Ethereum cryptocurrency from the UNICEF Cryptocurrency Fund. UNICEF’s crypto-enabled investment vehicle has given these companies 125 ETH, worth approximately $28,600, to use in scaling or prototyping their respective technologies over the next six months. Companies receiving this investment have already received as much as $100,000 in fiat currency from UNICEF’s Innovation Fund. One such company, Afinidata, offers educational content to parents with young children. Another one, Cireha, builds communication systems for children with speech or language…

As Crisis Mode Fades, Regulators Look Kindly on Crypto, June 12-19

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Editor’s note: The week has been remarkably active for policy, possibly as a result of economies showing signs of heading slowly back to normal. While crisis remains, it seems like everyone has gotten numb to crisis mode. Recent news has been quite kind to crypto all over the world. We may in fact be seeing a trend that many predicted back in March when COVID-19 lockdowns first took hold. Beyond the immediate importance that a disease that can be transmitted by cash gave to digital payments — or even the…

Robinhood Vows to Improve Platform Following Customer Tragedy

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Alexander Kearns, a 20-year-old customer of stock and cryptocurrency trading platform, Robinhood, committed suicide on June 12. This tragedy reportedly occurred after an erroneous negative balance of more than $730,000 appeared in Kearns’ account. This error has prompted the platform to take measures in order to improve the platform’s offering. According to the official announcement, Robinhood is considering additional criteria and education for customers seeking level 3 options authorization. They state that this may help ensure customers understand the platform’s sophisticated options trading features. They note that they will also…

Another Bitcoin Scam Hits Canada

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An alleged Bitcoin (BTC) scam is now reportedly targeting residents of Winnipeg, Canada. A local grocery store owner warned that many of his customers were victims of the scammers. According to Global News, Husni Zeid placed a large sign on the Bitcoin machine he has in his store, asking people to exercise caution with regard to phone scams that ask for fake Bitcoin investments. Zeid told the local media outlets: “A lot of people are getting phone calls saying that they have to transfer the money to Bitcoin regarding CRA;…

Now We Know What Satoshi Nakamoto Looks Like

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Satoshi Nakamoto, the world’s most wanted terrorist, was kidnapped and tortured by the NSA. Crypto native production At least that’s the plot of an indie film from the U.K. titled “Decrypted”. In an interview with Cointelegraph the film’s producer, Phil Harris, said: “We shot 70 percent of this film before we were forced to shut down due to the COVID-19 crisis. So we managed to get 70% in the can. So we’re editing away. I think as a film producer and a keen crypto fan, I wanted to explore the…

Ransomware Gang Auctions Off US Healthcare Data for Bitcoin

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Crozer-Keystone Health System recently suffered a ransomware attack by the NetWalker ransomware gang. The gang is now auctioning the system’s stolen data through its darknet website. If it is not purchased at auction within six days, the gang has vowed to leak the data. On June 19, Cointelegraph was able to access the alleged publication. There appeared to be dozens of folders with an undisclosed amount of data, mostly concerning finances, but nothing related to medical records of patients. The gang claims that Crozer-Keystone Health System failed to pay for…

Bitcoin ‘Realized Cap’ Hits New High Similar to Pre-March $3K Crash

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The “realized cap” of Bitcoin (BTC), a statistic observed by on-chain market analysis platform Glassnode, has hit a new all-time high on June 19. It may indicate an overall increase in new investors in the cryptocurrency market in recent months. Glassnode said: “Bitcoin’s Realized Cap has hit a new all time high. At $106.63 billion, it has now passed the previous record set just before the Black Thursday crash three months ago.” The realized cap of Bitcoin hits a new high. Source: Glassnode The last time Bitcoin’s realized cap —…

Blockchain Community Sounds off in Support of Juneteenth

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Juneteenth, a day which marks the end of slavery in the United States, has been commemorated every June 19 since 1867. It is especially relevant today, amid a wave of protests against racism following the murders of George Floyd, Breonna Taylor, and countless other innocent people of color. Blockchain community praising the day Many in the blockchain community have extolled today’s significance in history. Ripple CEO Brad Garlinghouse spoke on behalf of the company in declaring the date a corporate holiday: “Recognizing and celebrating #Juneteenth today. It’s striking how many…