Cardano Warns of Youtube Scams Promoting Fake ADA Giveaways

Cardano founder warns against Youtube scams promoting a fake ADA giveaway. Cardano is warning the public against scams promoting a fake Cardano (ADA) giveaway.  In a tweet, Cardano founder Charles Hoskinson said a Youtube account has been using a keynote address he made to promote a fake giveaway.  “It has come to my attention that a scam has been floating around using my conference keynote to promote a giveaway https://youtu.be/MqeEhezvI1s this is a scam. Please report it to YouTube. We will take legal action if we can against those responsible.”…

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Dogecoin Surges, Coinbase Rumors, Brave Legal Threats: Hodler’s Digest, July 6–12

Bitcoin has practically turned into a stablecoin, Dogecoin has experienced a huge resurgence in popularity, and Coinbase might be preparing to list on the stock market. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Which way Bitcoin price? Current “stablecoin” period mimics early 2017 Bitcoin’s price has hardly moved an inch in the…

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Top 5 Cryptocurrencies to Watch This Week: BTC, LINK, ATOM, XLM, BNB

The rally in altcoins is likely to continue if Bitcoin holds at its current levels but a breakdown below $9,000 could lead to aggressive profit booking by altcoin traders. At various points throughout 2020 Bitcoin (BTC) was correlated with gold. During these phases BTC was acting as an uncorrelated asset, but now it has become highly correlated to the S&P 500. This suggests that the top-ranked cryptocurrency on CoinMarketCap has been finding acceptance among various groups of traditional investors during different stages of the current coronavirus pandemic induced economic crisis.…

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Coinbase CEO Defends Licensing of Analytics Platform to Gov’t Agencies

Coinbase CEO says analytics platform is important to comply with AML rules and that only privacy coins can offer true privacy. Coinbase defended the licensing of its analytics software saying if people really wanted privacy, privacy coins were around. Coinbase CEO Brian Armstrong took to Twitter to talk about Coinbase Analytics and the company’s practice of licensing out the platform, explaining why crypto exchanges must have some sort of analytics software to comply with banking regulations. “Exchanges that maintain connections into the existing financial system (i.e. ability to connect your…

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We May Expect a Bitcoin Rally If Coronavirus Breaks Into a Second Wave

Understanding the impact of the COVID-19 pandemic on cryptocurrency and blockchain-based asset markets: negligible or significant? COVID-19 has become a defining moment in the course of our society, but the impact of the pandemic can be seen through its effects on the economy and society in general. From the perspective of a Bitcoin (BTC) investor, there are many things to consider. Coronavirus emergent patterns determine how the infection spreads and sets the society on a particular course into the future. The impact of the novel coronavirus on consumer society has…

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Shipping Giants Piloting Blockchain to Improve Efficiency

The Port of Rotterdam, along with global shipping giants, launches blockchain pilot to improve container handling’s safety and efficiency.   The Port of Rotterdam in the Netherlands has launched a blockchain-based pilot with some of the world’s leading shipping companies to improve the safety and efficiency of millions of containers that are unloaded in the port every year, according to a release from the port on July 9. Secure Container Release, the new blockchain application is reportedly to replace the traditional PIN code with a digital signal. According to the…

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Unitize Roundup: Top 10 Quotes From the Virtual Blockchain Conference

Vitalik Buterin, Heath Tarbert, Brock Pierce and many more — here are 10 memorable quotes to take away from five days of the Unitize virtual blockchain conference. The five-day Unitize virtual blockchain conference organized by BlockShow and San Francisco Blockchain Week ended with the final session on Friday. The event saw appearances from Heath Tarbert, the chairman of the Commodity Futures Trading Commission; Vitalik Buterin, a co-founder of Ethereum; and Tim Draper, a serial blockchain investor, as well as other speakers from a diverse pool of market segments both within…

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Blockchain Platform Targets Change in Agriculture & Fishing Industries

The Release project says its blockchain-powered platform can solve logistical challenges for the agriculture and fishing industries. Release, a blockchain-powered social commerce platform, has announced on July 12 that its platform is ready to transform the agriculture and fishing industry. The agriculture and fishery industries have a huge potential to scale at a global level if issues such as logistical efficiency and price fairness can be solved. Release has reportedly developed a social commerce architecture that will help in transforming the global agriculture and fisheries logistics. It explained that: “Sellers…

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Crypto Winter Could Really Be Over as New Bitcoin Starts to Bloom

Although the cryptocurrency industry still has many needed improvements, it nevertheless seems to be on an upward trajectory. There is no doubt that cryptocurrency — specifically Bitcoin (BTC), which is frequently used as a barometer for the health of the entire sector — has made a comeback. As of the writing of this article, Bitcoin stands at a little over $9,000, very close to the $10,000 rebound that investors hoped for sometime this year — and we are barely in the third quarter. Although there are signs that crypto winter…

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Nigerian Scammers Used BTC & Gemini Exchange to Siphon Millions

Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint. The two Nigerians jetsetters who filled their Instagram accounts with pictures of their ostentatious wealth were extradited from Dubai to the United States. According to the FBI, they were able to convert millions of dollars into Bitcoin (BTC) via the Gemini exchange. Transaction summary for Bitcoin address 16AtGJbaxL2kmzx4mW5ocpT2ysTWxmacWn. Source: Crystal Blockchain The two are Olalekan Jacob Ponle, also known as “Mr. Woodbery,” and “Mark Kain,” and Ramon Olorunwa Abbas, who used the aliases…

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