Tether Lawyer Shocker: Only 74% Backed by Cash, How Will Bitcoin React?

By CCN.com: According to an affidavit filed with the Supreme Court of the State of New York by Stuart Hoegner, the general counsel to Tether and major bitcoin exchange Bitfinex, only 74 percent of Tether’s holdings are backed by cash. “As of the date [April 30] I am signing this affidavit, Tether has cash and […]

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Another Fan Token: WestHam Soccer Club Signs with Socios.com

Back in September, Juventus Soccer Club launched its own ‘fan token’. Now, the partner behind that token, Socios.com, is buddying up with West Ham United. The Socios.com Fan Token Socios.com is a “new app for football fans.” It allows its users to vote on club matters by collecting the fan token that is issued by […]

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Bitcoin Price: Analysts Indicate BTC Could Drop to $4,000

Most analysts and investors viewed the recent reaction of Bitcoin price to the Bitfinex/Tether controversy as an indication of improving fundamental strength. According to one analyst, it may be too early to celebrate yet as Bitcoin price is likely to drop into the $4,000 region before gaining any significant support that will allow it to […]

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Epic Fail for Google Parent Alphabet: Buy the Dip or Make a Run for It?

By CCN: Quarterly earnings from Alphabet showed alarming advertising growth deceleration as well as declining ad prices. Alphabet’s stock fell $95, or 7.3%, in response in after-hours trading. Does this signal the beginning of the end of the tech stock bull market or the market itself? In one respect, it provides more evidence of both […]

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Bitcoin Startup Unveils ‘Thunder Bird’ Lightning Code for IoT Devices

Japanese startup Nayuta is releasing an in-progress lightning implementation with a compelling new focus: the internet of things (IoT). As revealed exclusively to CoinDesk, Nayuta is publishing the first lightning implementation geared specifically toward IoT, or networks of connected devices that feed data to one another. The idea behind Nayuta’s release is that it connects […]

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Voters on Ethereum App Veto Proposal to Fund Polkadot Blockchain

Aragon (ANT) token holders have voted to restrict the project’s development funds from being used to support work on the blockchain interoperability platform Polkadot. Aragon is an ethereum-based project that builds tools and applications for decentralized organizations. It raised over $25 million in an initial coin offering back in 2017. At present, the non-profit organization […]

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Moody’s Misses the Point on Blockchain Tech, Fears ‘Systemic’ Risk

By CCN: Moody’s is one of the world’s best-known rating agencies, and it appears they are ready to admit they see some upside in blockchain technology. They also claim there are systemic risks to conventional finance from the adoption of the tech. Moody’s Is Concerned About “Concentrated Risk” When Using Blockchain Yes, you heard that […]

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Aston Plaza: First Major Crypto-bought Real Estate on Hold

A cryptocurrency venture under construction in Dubai has reportedly been put on hold. British Baroness and multi-million dollar crypto entrepreneur, Michelle Mone, had begun a real estate project called Aston Plaza, which broke ground in 2017. However, citing government inspectors to the site, the project has stopped at only 25% completion. Aston Plaza The $325 […]

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Crypto Adoption: Russia Testing and Finland Regulating

The crypto world has continued to grow each passing day, and the industry is closer to global crypto adoption judging from the events and developments of the last week of April. Crypto Adoption: Russia Opens Four Regions The Russian Federation has indicated that it is opening four regions in the country to test cryptocurrency. This […]

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British Drug Dealers Thrown in Jail for 30 Years Trusted Anonymous, Untraceable Bitcoin

By CCN.com: A recent report from news and media platform The Examiner Live has confirmed that four members of an organized crime ring that dealt in crystal meth in Yorkshire have been slapped with a 31-year jail term. Crystal meth is one of the most addictive drugs in the world, and according to the source, […]

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IOTA Inks Game-Changing Crypto-Powered Deal with Jaguar Land Rover

By CCN: Jaguar Land Rover has caught crypto fever. The UK-based company is teaming up with the IOTA Foundation for an initiative that will catapult cryptocurrencies into the limelight. Jaguar Land Rover is testing smart wallet technology that will incentive drivers to earn crypto while driving. It sounds like a commuter’s dream come true. Drivers […]

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British Baroness’ $325 Million Luxury Bitcoin Development Suffers Delays

By CCN: Scottish lingerie tycoon and parliamentarian Baroness Michelle Mone seems to be stuck in a second failed crypto venture. Her £250m ($325 million) condo development in Dubai that would be sold for bitcoin is on hold. Government officials who’ve visited the site of what The Sunday Times calls a “bitcoin bolthole” say construction has […]

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Brazilian Police Accidentally Discover Money Laundering Bitcoin Mining Farm

A report published in local Brazilian news outlet Zero Hora has revealed that Brazilian police have made an arrest in connection with a suspected crypto money laundering scheme. An accidental discovery The report, which was published on April 23, claims that the State Department of Drug Trafficking (Denarc) in Porto Alegre, Rio Grande do Sul […]

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McAfee Says His Bitcoin Debit Card’s Coming Soon. Can We Believe Him?

By CCN: John McAfee just tweeted out from somewhere in the Bahamas a teaser image for a new crypto debit card. The dotcom, anti-virus-millionaire promises the Visa-branded bitcoin card will be coming soon. From the teaser promo, it appears you can use your card to spend bitcoin anywhere Visa is accepted. McAfee has a history […]

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Facebook Awkwardly Blocks Aussie Restaurant from Bitcoin Payments Ad

By CCN: Origin Kebabs just wanted to let its followers know that four of its Queensland stores now accept bitcoin as a form of payment. Facebook wasn’t having it and blocked the Aussie restaurant from advertising on the social media platform. Someone might want to tell Mark Zuckerberg before he launches his own FaceCoin or […]

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