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Archive for March 2020

Bitcoin Network Activity Has Plunged, What is Going On?

The crypto market is recovering from the price drop earlier this month, yet the daily number of Bitcoin transactions continues to decline. This data anomaly reflects changes underway in how the flagship cryptocurrency is being used. It may reflect a greater trend moving forward.  MORE HODLING, LESS TRADING Daily transaction activity began to grow steadily…

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Hijacked YouTube Accounts Promote Crypto Scam Using Bill Gates

On Monday, it appeared that Bill Gates was ‘promoting’ a widely renowned crypto scam on several YouTube live streaming videos that seemed to be published on Microsoft’s official channels. Hackers Hijack YouTube Accounts, Rename to Microsoft Brands ZDNet reported yesterday that a hacker had taken control over dozens of YouTube accounts, renamed them to reflect…

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Ethereum Mining Saved, Bitmain Updates Antminer E3 Firmware

Ethereum miners no longer need to worry about Antminer E3’s obsolescence coming next month as Bitmain has released a firmware update earlier today. Antminer E3 Was About to Become Useless at Mining Ethereum On Monday, Beijing-based mining equipment manufacturer Bitmain announced that it had updated the firmware of the Antminer E3. This will allow Ethereum…

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Can Bitcoin Rally Next Week? Skeptical Analyst Throws Light

A number of signals continue to tie Bitcoin to the present global economic crisis. Although the flagship cryptocurrency has shown stability over the past few days, some analysts now see more price drops ahead.  Global Stock Market Will Impact Bitcoin Josh Rager has posted a chart showing that the S&P 500 (SPX) has dropped below…

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Fake COVID-19 Treatments Ask for Bitcoin Payments on Social Media

A twitter post on January 29 promoted a website selling a so-called cure for coronavirus, accepting Bitcoin as payment. Scams such as this have proliferated as the global crisis escalates.  Scammers Selling False Hope & Asking for Bitcoin The Russian-based website selling the fake cure has been deactivated. Screenshots show it offering the so-called vaccine…

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FBI Closes Russian Hacker Marketplace Fuelled By Crypto

The Federal Bureau of Investigation (FBI) has shut down a Russia-based website that hosted online shops engaged in the sale of illegal goods and services and accepted crypto payments. FBI Seizes DEER.IO, Arrests Admin Last Tuesday, the US Department of Justice said that the FBI has managed to take down DEER.IO, an online platform that…

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Bitcoin Exchange Outflows Hit 8-Month High, HODL’ing Soars

Bitcoin adopters seem eager to hold their own coins as withdrawals now outpace deposits on exchanges. This cryptocurrency outflow reflects the growing unease about the state of the global economy, as well as the stability of the crypto space. BITCOIN EXCHANGE BALANCES HAVE BEEN DECLINING FOR WEEKS Analytics firm Glassnode has noted that exchange liquidity…

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Microsoft Files Patent For New Cryptocurrency and Mining System

Microsoft wants to create a new cryptocurrency that’s still mined using PoW–except replacing expensive power-intense mining rigs with basic human energy. If that sounds a little strange, you should take a dive deep into the details of the patent published yesterday filed by Microsoft. It’s called: “Cryptocurrency system using body activity data.” Microsoft’s Human-Mined Cryptocurrency…

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Ripple Lawsuit Plaintiffs Put CEO in the Crosshairs

Plaintiffs have filed an amended complaint against Ripple Labs in their two-year long lawsuit against the blockchain-based company. The modified lawsuit puts new pressure on Ripple CEO, Brad Garlinghouse. BRAD GARLINGHOUSE ACCUSED OF FRAUD The new amendment emphasizes CEO Brad Garlinghouse’s role in misleading XRP investors. It states that the head of Ripple repeatedly told…

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