Day: July 22, 2020

LINK Rival — Band Protocol — Grows Stronger With ICON Partnership

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South Korea’s leading blockchain network ICON has announced a partnership with Chainlink rival BAND, which has gained a lot of momentum recently. The partnership will provide ICON developers with complete access to the BandChain decentralized oracle network to utilize various data and price feeds, according to the announcement. Decentralized applications and DeFi ecosystems rely on accurate price and data feeds, or oracles, to function. The Band Protocol is an emerging decentralized platform that aggregates and connects real-world data to smart contracts. ICON is deeply rooted in South Korea, shaping itself as…

Bitcoin Smashes Heavy Uptrend Resistance as Bulls Take Over Crypto Market

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Bitcoin gained around 2% and it broke the $9,500 resistance against the US Dollar. BTC is currently consolidating gains and indicators suggest high chances of more upsides above $9,600. Bitcoin is up close to 2% and it surpassed the key $9,500 resistance level. The price traded to a new monthly high at $9,568 and it is above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $9,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could…

‘Intel is Suing Me Over My Own Name’

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John McAfee, the crypto enthusiast who once said he would ‘eat his own dick’ if Bitcoin did not surge to $1 million, claims that Intel is suing him over his privacy project Ghost.  According to a tweet posted by McAfee on July 23, the Intel corporation is suing him due to the use of the name “GhostbyMcAfee.” Ghost is a proof of stake coin designed for more anonymous blockchain transactions and the distributed exchange of the token went live on June 22.  McAfee’s claim to fame is as the creator…

T-Mobile Sued Over $8.7m Stolen in SIM-Swap Attacks

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Reggie Middleton, the chief executive of crypto company Veritaseum, is suing telecommunications provider T-Mobile for allegedly enabling the theft of $8.7 million worth of crypto in a series of SIM-swap attacks. According to filings published on July 22, Middleton was first targeted by SIM-swappers during July 2017. Despite immediately reporting the incident to T-Mobile, Middleton claims to have been the victim of four successful SIM-swaps over the rest of 2017, and further attacks during 2018 and 2019.  The suit accuses T-Mobile of having “abjectly failed” in its responsibility to protect…

Japan’s Covid-19 Stimulus Payments Didn’t Flow Into Crypto

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In April, the Japanese government began distributing 100,000 yen payments — about $930 —  to every household. But did the Japanese follow some in the United States and spend that money in crypto exchanges? The data from the three major crypto exchanges in Japan suggests they probably did not.  In his latest report, Yuya Hasegawa, a market analyst at Bitbank exchange notes some “irregularities” in the month of June in terms of deposits but overall concludes that the coronavirus relief payments did not result in significant changes to the behavior…

XRP: Can Mathematical Targets For Ripple Realistically Reach $26?

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XRP is often the butt of many jokes across the crypto space due to general distaste toward the altcoin and years of underperformance. But one of the biggest running jokes going is a call made for $589 per token, considered a mathematical impossibility. However, could Ripple eventually reach other, more reasonable targets based on math commonly used to find turning points in financial assets? Will Ripple Ever See a Recovery To Former Highs Or Beyond? An old crypto analyst prediction has haunted them since the day it was made. A…

Apple Co-Founder Steve Wozniak Sues YouTube Over Crypto Scams

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Lawyers for Steve Wozniak and 17 other people adversely affected by fake Bitcoin giveaway scams on YouTube have sued the platform and parent company Google for not acting quickly to ban such content. According to a July 22 announcement from the law firm of Cotchett, Pitre & McCarthy, Google and its subsidiary YouTube failed to protect users from fake Bitcoin (BTC) giveaway scam channels featuring images and videos of Wozniak and other celebrities. The hijacked channels run ‘giveaway’ scams stating that anyone who sends cryptocurrency to a certain address will…

Bitcoin is Just an Inch Away from Starting a Nosedive to $7,000; Here’s Why

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Bitcoin and the aggregated crypto market are currently stabilizing following the turbulence seen yesterday. This volatility allowed Bitcoin to break out of its tight trading range and secure a position above its previous range highs of $9,300. Concurrently, most altcoins shed some of their value. Now that the dust has settled and BTC is entering what appears to be another consolidation phase, analysts are noting that the cryptocurrency is trading at a pivotal point. One trader explained in a recent tweet that a daily close above $9,300 would be positive…

Ethereum at $243 Is “Hilarious,” Says Analyst as ETH2 and Staking Near

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Since the start of the year, Ethereum has done rather well. Per data from TradingView, the leading altcoin is trading approximately 80% higher than the price it started 2020 at. Analysts expect ETH to rally further in the months and years ahead as the underlying network’s fundamentals lend to increased demand for the asset. One fund manager and analyst in the space, in fact, went as far as to say that at $243, Ethereum’s price is “hilarious.” Related Reading: Crypto Tidbits: Twitter’s “BTC Scam,” Elon Musk & Dogecoin, Institutions Want BTC…

It’s Good For BTC When The Fed Prints Money

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U.S. government spending may lead to upward Bitcoin (BTC) prices, according to Gemini crypto exchange co-founder and CEO, Tyler Winklevoss.  “The Fed continues to set the stage for bitcoin’s next bull run,” Winklevoss said in a July 22 tweet, which included an article link on the government agency’s discussions of further stimulus spending.   Bitcoin holds against inflation As a decentralized borderless digital asset away from government control, Bitcoin holds as a potential hedge to mainstream markets and national dollars — a point often stressed by a number of crypto industry…