$5.3b Asset Manager Invests in US-Hosted Antminer S19s

Two weeks after announcing it had purchased a record 17,595 Antminer S19 ASICs, Core Scientific has announced an expanded partnership with a multi-billion hedge fund. United States-based crypto mining host Core Scientific has announced that the $5.3 billion asset manager and hedge fund Horizon Kinetics has upgraded its investment to access Bitmain’s news Antminer S19 and S19 Pro models. The July 2 announcement comes less than two weeks after Core Scientific announced a record purchase of 17,595 units of latest mining machines — comprising the largest sum of Antminer S19s…

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Bittrex CEO Joins StormX Board After Undisclosed Investment

Bittrex CEO Bill Shihara will expand his role at cashback rewards platform StormX from investor to board member. Bill Shihara, founder and CEO of Bittrex crypto exchange, is joining the Board of Directors for Seattle-based blockchain startup StormX. According to an announcement from StormX, the addition of Shihara to the board comes after the CEO invested “an undisclosed sum” in the company’s latest equity round. However, Shihara was already an angel investor for the startup — originally founded in 2015 as Bitmaker — and reportedly acted as one of its…

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IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions

The IRS is looking to expand its investigative capabilities around privacy coins, layer-two solutions, and sidechains. The United States’ Internal Revenue Service (IRS) is seeking information and tools to help it trace transactions using privacy coins, layer two protocols such as Lightning Network and side chains like Plasma and OmiseGo (OMG). A June 30 request for information published by the U.S. Department Of The Treasury reveals the IRS’ Criminal Investigation Division is seeking submissions for “an interactive prototype” with a graphic user interface for analyzing distributed ledger-based transactions involving privacy…

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TRX in Trouble? Binance Moves $300M Tether From Tron to Ethereum

Does this week’s 300 million USDT migration from the Tron to Ethereum blockchain mean trouble is brewing for TRX? On Tuesday, Tether announced a sizable swap of USDT from the Tron blockchain to the Ethereum protocol. Tether explained that the amount of USDT in circulation would remain the same, meaning that USDT (TRC-20) will be burned and the same number of tokens will be issued on Ethereum. Tether makes use of several blockchains to host the circulating supply of USDT, which allows users to bypass congestion in a certain chain…

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Learn How To Build a Long-Term Trading Strategy in This Week’s Crypto Markets Show Live!

Popular traders and youtubers Benjamin Cowen and Tyler D. Coates discuss long-term trading strategies and how to take profit from major trends in the crypto market. In our latest crypto market show live, popular traders and youtubers Benjamin Coates and Tyler D. Coates will be discussing long-term trading strategies and how to take profit from major trends in the crypto market.  The crypto market has been trading sideways for a few weeks, which means it is a good time to think of a long term trading strategy and prepare to…

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Unknown Cybercrime Gang Holds Thousands of Databases For Ransom

MongoDB suffered a “Wiping & Ransom” attack that wiped around 22,900 unsecured databases. Cross-platform database company, MongoDB, is the latest victim of a cybercriminal attack. This attack has infiltrated 22,900 unsecured databases by wiping their contents. The gang behind the attack has since requested Bitcoin (BTC) payments in exchange for a backup of the data. According to WeLiveSecurity from the cybersecurity firm ESET, if the ransom isn’t paid in two days, the hacker, or a gang of cybercriminals, threatened to notify authorities in charge of enforcing European Union’s General Data…

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Coinbase’s ’Data Plumber’ Denies All Allegations

Coinbase’s “data plumber” denies storing users’ login credentials in plain text along with all the other allegations in a new class-action complaint. A source close to Plaid — the company that serves as a “data plumber” to Coinbase, Robin Hood, Square’s Cash App and many others — denied all allegations of the class-action complaint that was recently filed. The entire complaint hinges on the allegation that Plaid sells user data to the “highest bidder.” A Plaid spokesperson called this allegation “baseless.”  A money-making operation? A source close to Plaid’s legal team, speaking to…

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Austrian Crypto Users Will Soon Be Able to Spend Crypto at 2,500 Locations

Over 2,500 Austrian merchants can now accept cryptocurrencies as a payment method. Crypto holders in Austria will soon be able to spend their coins at more than 2,500 points of acceptance using A1 Payment — one of the largest mobile network operators in the country. According to an announcement made by Austrian fintech firm Salamantex, its Crypto Payment Service Software is now integrated into the A1 Payment platform. Merchants will start accepting Bitcoin (BTC), Ether (ETH) or Dash, instead of cash or credit cards, in summer 2020. Austria’s current stance towards crypto Salamantex also…

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Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange

The bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26. Ebang is now the second mining rig manufacturer to have a U.S. initial public offering (IPO) by selling company shares. Since the initial sale on opening day, Ebang’s Nasdaq-listed “EBON” is down 11.5%. So far, the Nasdaq shares dubbed “EBON” haven’t changed too much in price and since the IPO launch. This week Ebang also revealed it is launching an offshore crypto exchange later this year. The firm Ebang International Holdings…

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Traders Brace for Big Drop as Bitcoin Dips Below $9K for Seventh Time

The price of Bitcoin briefly dropped below $9,000. The weakening of a key support level may lead to a bigger drop. The price of Bitcoin (BTC) dropped below $9,000 in a rapid pullback, falling by 5% in 48 hours. It marked the seventh drop to the $8,000s for the top-ranked cryptocurrency by market capitalization within a span of two months, since early May. Thus, traders have been concerned that repeated drops below $9,000 may weaken a critical support level.  Meanwhile, only $30 million worth of futures contracts were liquidated on…

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