Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends

Bitcoin Gold 51% Attacked - Network Loses $70,000 In Double SpendsThe Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million […]

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Dubai Launching Crypto Valley in Tax-Free Zone

Dubai Launching Crypto Valley in Its Tax-Free ZoneA Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, […]

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Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges

Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto ExchangesOn January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that Coinbase now holds 1 million BTC ($8.4 billion). Crypto […]

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The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors

Onecoin's Ponzi Scheme Demise and Aftermath Continues to Impact InvestorsIn late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet. Moreover, police are investigating two churches in New Zealand that allegedly have links to the Onecoin operation and founders. Also read: Onecoin […]

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Bitpay Users Can Now Purchase Crypto With Fiat In-App

Bitpay App Users Can Purchase Crypto Via the Firm's Multi-Service SolutionOn January 23, the cryptocurrency payment firm Bitpay announced it will be allowing customers to purchase digital assets using the Bitpay platform. The Atlanta-based company partnered with fiat-to-crypto payment processor Simplex to offer the crypto purchasing experience. Bitpay says the latest feature will provide an “all-in-one solution” for cryptocurrency-related activities. Also Read: Bitcoin.com Partners With […]

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Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France

Russian Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to FranceAlexander Vinnik, the Russian-born IT specialist who spent over two years in detention in Greece, where he was arrested on a U.S. warrant, is now in Paris. The alleged BTC-e operator, suspected of laundering at least $4 billion through the now defunct crypto exchange, has been handed over to France after the Greek judiciary turned […]

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Russia Banned from Participating in International Sporting Events for Four Years

TheMerkle Russia Regulation BitcoinFor the past few weeks, there have been many controversies about the latest Russian ban to participate in major international sports events.  Russia was banned for four years after its athletes were found to have used banned drugs.  This means that Russia will not be allowed to participate in the 2020 summer Olympics in Japan, and the 2022 Football World Cup, which will be held in Qatar. The Russian state-owned Tass News Agency first released the news which were later confirmed by the World Anti-Doping Agency. Can Russians Participate Under Neutral Flag?  While the Russian National Anthem and the flag

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Crypto Lending Will Do More Good Than Traditional One

TheMerkle Cryptocurrency Lending PlatformsUnless you have been living under the rock, you will know crypto lending is thriving more than any other segment of the cryptosphere. Of course, there are apparent reasons for it because lending and borrowing is a direct consumer business. But, honestly, I am too surprised by its growth where companies like BlockFi, Celsius, YouHodler have issued loans worth billions of dollars. At first sight of crypto lending products in 2018, I was quite skeptical whether this industry-vertical will take-off or not. This thought was mainly because crypto lending is fully collateralized, and the fiat world where we live in

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Tron Price Analysis for January, 24th – TRX Falling

TronOn Friday, January 24th, the Tron is declining, trading at $0.0159. On D1, the last wave of declining after the attempted tests of the support area between $0.0110 and $0.0117 changed for an impulse of growth that has managed to break out the resistance line of the mid-term channel. Such a situation may mean the beginning of a new uptrend forming. The nearest goal of the growth will be the local fractal $0.0230 but only after a breakout of $0.0185. On the MACD, the lines are getting ready to cross 0 to the positive area, which supports the idea of

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Panic Withdrawals at Indian Bank Over Alarming KYC Notice

Panic Withdrawals at Indian Bank Over Alarming KYC NoticeHundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen. Also […]

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