News about Bitcoin, ICO, Blockchain Technology, investment, mining
Switzerland Denies $103 Million of COVID-19 Relief for Crypto Valley
The Swiss government has denied a 100 million franc request by the Canton of Zug for use in keeping local crypto companies afloat, according to local newspaper Tages-Anzeiger. Zug’s finance director Heinz Taennler initiated support for the financial package earlier in April to support local blockchain companies affected by the COVID-19 pandemic, but the answer he’s getting isn’t the one he wanted.
Bitcoin fork BTCU is scheduled for July 7
The new Bitcoin fork - Bitcoin Ultimatum (BTCU) - is scheduled for July 7. This was mentioned to LetKnow.News by the co-founder of the project Mykola Udianskyi.
Monero Hacker Group ‘Outlaw’ Is Back and Targeting American Business
A group specializing in hijacking victims' computer power to mine for monero has returned with new tools to attack businesses based in the U.S. and Europe.
IOTA Foundation Suspends Network, Probes Fund Theft in Trinity Wallet
IOTA Foundation, the nonprofit behind the IOTA distributed network, recommended users close their Trinity wallets Thursday after multiple reports of fund theft.
‘Full Transparency Not Ideal for Cryptocurrency’ Says Chainalysis Exec
A major global company that helps fight illicit cryptocurrency-related activity does not think that privacy in crypto markets is necessarily bad.
Bitcoin mining hardware maker Canaan's stock price surges more than 80%
Canaan, the bitcoin miner manufacturer that's listed on the Nasdaq exchange, saw its stock price soar by more than 80% on Wednesday.
Mykola Udianskyi compares bitcoin with oil and gold
Amidst the global collapse of oil prices and a slight increase in the price of gold, Bitcoin is showing steady growth. Mykola Udianskyi, CEO of the Bitcoin 2.0 fork (BTCU) draws attention to that fact.
BTCU – the Fastest and Complete Bitcoin?
BTCU blockchain enables smart contracts to facilitate decentralized applications and all crypto transactions across a peer-to-peer network.
Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks
Banking giant Wells Fargo is backing blockchain forensics firm Elliptic.
A Mailbomber in the Netherlands Wants a BTC Payment to Stop Blowing Things Up
Two letter bombs exploded in the Netherlands on Wednesday and an anonymous criminal is asking for a Bitcoin payment to prevent future attacks, Dutch police say.
Crypto Market Is A “Giant Garbage Dumpster”: Minneapolis Fed President
The crypto bashing encyclopedia now has a new soundbite addition, this time from Minneapolis Federal Reserve President Neel Kashkari calling cryptos a “giant garbage dumpster.”
China files 84 patents for central bank digital currency
Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC.
North Korea Is Expanding Its Monero Mining Operations, Says Report
North Korea is stepping up mining of the privacy coin monero as the regime continues its efforts to circumvent sanctions.
Trump administration to release new FinCEN requirements for cryptos, Mnuchin tells Congress
U.S. Treasury Secretary Steven Mnuchin told Congress on Wednesday that the U.S. Financial Crimes Enforcement Network (FinCEN) is set to release new requirements related to cryptocurrencies.
Coinbase launches margin trading for some users
Cryptocurrency exchange Coinbase is launching margin trading today. Margin trading lets you trade on leverage. But it works both ways — margin trading lets you multiply your gains and your losses.
Italy’s Securities Regulator Shuts Down 8 Crypto Trading and Foreign Exchange Sites
Italy’s securities regulator has shut down six foreign exchange websites and two crypto investing and derivative trading sites.
US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors
The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the U.S Attorney for the Southern District of New York have charged Ohio resident Michael Ackerman and two unnamed business partners with defrauding some 150 investors by claiming to offer "extraordinary profits" from a cryptocurrency trading scheme.
Fed chair Powell says Facebook's Libra 'really lit a fire' on the question of a digital dollar
"We’re working hard on it, we have a lot of projects going on, lot of efforts going on on that right now."
Chainalysis Provides Anti-Money Laundering Compliance Solution for Tether
Chainalysis, the blockchain analysis company, today announced the global roll out of its compliance solution for Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization.
Bitcoin Will Beat Dow Jones to 40,000: Tom Lee Doubles Down on BTC
Bitcoin (BTC) is going to reach 40,000 before the Dow Jones does, according to the analyst eyeing a 200% price jump by August 2020.
Trump’s 2021 Budget Proposal Seeks to Optimize Crypto Policing
U.S. President Donald Trump’s $4.8 trillion budget proposal for FY 2021, released Monday, seeks to expand the Treasury Department’s cryptocurrency oversight by returning the United States Secret Service, now a division of the Department of Homeland Security, to its jurisdiction.
The US government lost $1.7 billion by selling Bitcoin too early
The United States is likely to have missed out on around $1.7 billion by auctioning off seized Bitcoin $BTCway too soon.
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
Another Japanese lawmaker has publicly called for the swift development of the digital yen.
Hacked Italian Exchange Altsbit to Shut Down in May 2020
Altsbit, a small cryptocurrency exchange that lost “almost all funds” in hack on Feb. 5, will shut down its services in May 2020.
Trump administration to propose big jump in funding for AI, Quantum R&D: sources
The White House on Monday will propose a big jump in U.S. government spending on artificial intelligence (AI) and quantum information sciences research and development in its 2021 budget proposal, two people briefed on the plan said.
China’s CBDC ‘will not necessarily be related to blockchain initially’
Earlier this month on Twitter, Ethereum co-founder Vitalik Buterin posed the question of whether transactions using CBDCs, such as the one recently proposed by China, would be cryptographically provable.
Australian government issues national blockchain roadmap to help drive adoption
The government of Australia has today released a national blockchain roadmap to help drive the adoption of the technology in the country.
New York Crypto Mining Farm Coinmint Set to Dissolve?
An ongoing dispute between the two partners who hold equal shares in multi-cryptocurrency mining company Coinmint has resulted in one of the partners filing to dissolve the company. Coinmint claims to be the largest digital currency data centre in the world with the company operating in the former Alcoa aluminium smelting plant in Massena, New York.
Fundstrat Analyst: Bitcoin Price Could Soon Hit $11,000
On Thursday, Bitcoin continued its precipitous rally higher, extending the gains it has made over the past few weeks. At today’s peak, the price of the cryptocurrency hit $9,850, surging as buyers continue to step in.
Fearing ‘Currency Struggle,’ Japanese Politicians Want G-7 Response to China’s Digital Yuan
Japanese politicians are calling on G-7 members to respond to China's planned digital yuan by collaborating on digital currency research.
Value locked into DeFi protocols has crossed $1 billion
The total amount of money locked into decentralized finance (DeFi) applications and protocols has crossed a milestone of $1 billion.
Prime Trust to Arrange Banking for Customers of BlockQuake Crypto Exchange
BlockQuake, a New York digital asset exchange launched in beta, has partnered with Nevada-based trust company Prime Trust, the firm announced Wednesday.
Christine Lagarde: ECB will continue to assess the costs and benefits of issuing a central bank digital currency
Adam Back on Satoshi Emails, Privacy Concerns and Bitcoin's Early Days
Coinmine CEO talks crypto mining and why good user experience is so important for adoption
10 top distributed apps (dApps) for blockchain
The five big crypto lessons of China
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