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Source: Cointelegraph.com

Binance Hits Back at ‘Embezzlement’ Claim
Binance has fired back at claims that it ‘embezzled’ hundreds of thousands of dollars in funds that were frozen from a user’s account in November 2018.

In a lengthy statement the exchange said the funds were frozen at the request… Read full article
Just Four Crypto Leaders on Forbes’ List of Billionaires
There are more than 2000 billionaires on Forbes’ ‘The Richest in 2020’ list — but only a handful come from the world of cryptocurrency and none of them are named ‘CZ’.

Only four entrepreneurs who made their fortunes in crypto… Read full article
'Rich Dad Poor Dad' Author Says Gold, Silver, and Bitcoin Lie Outside the System
Millionaire businessman and author of the book Rich Dad Poor Dad, Robert Kiyosaki, mentioned Bitcoin (BTC) numerous times in a podcast interview with Morgan Creek Digital co-founder, Anthony Pompliano, referring to the asset as an escape.

“The reason I endorse… Read full article
South Korea's Largest Crypto Unveils New Consensus Algorithm
South Korea’s largest public blockchain project, ICON (ICX), announced its new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm on April 8.

The new algorithm claims to make performance improvements in scalability and network bandwidth over the popular Practical Byzantine… Read full article
Blockchain Scam Raises Money by Pretending to Be Associated With the Olympics
The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games.

People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using blockchain technology to… Read full article
Cardano Partners With South African Blockchain Alliance To Boost Adoption
The Cardano Foundation announced a partnership with the South African National Blockchain Alliance (SANBA) on April 7. The partnership endeavors to explore further ways to strengthen technology’s adoption throughout South Africa.

According to the official announcement, Cardano will use blockchain… Read full article
Overstock Will Airdrop Millions of Security Tokens to Its Stockholders
Overstock has slated May 19 as the date to airdrop OSTKO security tokens as a dividend to its shareholders. They’ll get one security token for every ten OSTK shares they own as of April 27, making for 4.37 million tokens… Read full article
Bitcoin Cash Halving Met with 11% Price Surge; BSV Follows with 19%
Bitcoin Cash (BCH) went through with its first block reward halving on Wednesday, with the coin price gaining 11.2% on the day.

Those gains were exceeded by Bitcoin SV (BSV), which gained 19.4% in the same time period. Bitcoin SV… Read full article
Texas Regulator Spots Crypto Firm at Fraudulent COVID-19 Charity Claims
The Texas securities regulator has continued its crackdown on cryptocurrency scams, spotting an alleged fraudulent crypto firm that made fake claims about COVID-19 donations.

On April 8, the Texas State Securities Board (TSSB) issued an emergency cease and desist order… Read full article
Bitcoin Forks Flounder Despite Imminent Halvings
With the halvings for Bitcoin Cash (BCH) and Bitcoin SV (BSV) failing to drive a surge in demand, it appears that their block halvings may turn out to be non-events.

Despite their halvings, BCH and BSV exhibited normal volume, and… Read full article
Canada-Based Blockchain Company To Deploy a COVID-19 Electronic Screening
Canadian technology company, VitalHub Corp, announced on April 8 the first deployment of a blockchain-based coronavirus screening tool. The tool will be used by a Region of Waterloo-owned long-term care facility called Sunny Side Home.

According to the announcement, a… Read full article
Price Analysis April 8: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO
Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic crisis. Despite the kind words, in… Read full article
Two Versions of Digital Dollar Emerge as Contenders, but Unlikely to Come Soon
The coronavirus pandemic is the biggest global crisis since the events that sparked the creation of Bitcoin (BTC) in 2008, and is one that will also have long-lasting effects on the economy. World governments are taking unprecedented measures to cope… Read full article
Exclusive: US Congressional Watchdog on Prototyping Smart Contracts
The supreme audit institution of the United States, the Government Accountability Office (GAO), posted two job positions with its Innovation Lab concerning the development of prototype applications for blockchain technology during March.

Cointelegraph spoke to Chuck Young, the managing director… Read full article
The Platform Is Set for Virtual Conferences: Will It Live Up to Its Promises?
As the global economy struggles to adapt to the rapid changes the coronavirus pandemic has forced upon the world, the virtual conference space is booming. The need to engage, communicate and expand our network has perhaps never been so necessary… Read full article
11h ago
Here’s How the Crypto Sector Is Navigating the Pandemic’s Challenges
Despite hopes that a peak of the coronavirus cases is near, the pandemic continues to impact almost every aspect of daily life, becoming a rolling news ticker in itself. When such a disaster strikes, it can be easy to go… Read full article
12h ago
Bitcoin Price Holds $7.1K Amid More Warnings a $5K Retest Is Coming
Bitcoin (BTC) continued to shoot for $7,500 on April 8 as bullish momentum kept support at $7,000 firmly intact.

Cryptocurrency market daily overview. Source: Coin360

$7K holds firm for BTC

Data from Coin360 and Cointelegraph Markets showed BTC/USD trading in… Read full article
Zoom Data Scandal Shows Blockchain May Be the Future of Communications
As people around the world started following shelter-in-place orders, popular video conferencing platform Zoom quickly gained new users, noting in a recent blog post that it had reached more than 200 million daily users last month, up from 10 million… Read full article
Dutch Brokerage Platform Launches Crypto Trading Across Europe
In response to the growing demand for cryptocurrency trading, Dutch retail brokerage platform BUX launched its commission-free cryptocurrency trading platform BUX Crypto.

In a statement published April 8, the company announced that BUX Crypto is now available across 25 European… Read full article
Chicago DeFi Alliance Launches to Save Decentralized Finance
Amid the apparent ongoing collapse in decentralized finance (DeFi) lending, a group of major trading and cryptocurrency companies in the United States are launching an alliance to support the sector.

Introduced on April 7, the Chicago DeFi Alliance (CDA) aims… Read full article
OTC Spreads Exceeded 10% Amid Bitcoin’s Violent March Crash
Over-the-counter (OTC) liquidity provider B2C2 has published a report analyzing the trading spreads exhibited across its Bitcoin (BTC) market and three leading institution-facing spot exchanges throughout March.

The study finds that spreads widened significantly amid the dramatic crash of March… Read full article
OnChain Capital’s Coronavirus Relief Fund ‘Overwhelmed’ by Applicants
Runway Fund — an emergency relief fund assembled by the co-founders of OnChain Capital to help startups impacted by the COVID-19 pandemic — has been “overwhelmed” by the number of applications.

Cointelegraph spoke to Ran Neuner, host of CNBC Africa’s… Read full article
Holding Group Behind OKEx Invests in Wuhan-Based Blockchain Startup
OK Group, the conglomerate behind cryptocurrency exchange OKEx, is investing approximately 10 million RMB ($1.4 million) into Yun Qu Technologies, a blockchain startup based in Wuhan.

The announcement was made on April 8 on China’s state news network, Xinhuanet. Yun… Read full article
Italian Red Cross Builds COVID-19 Medical Post With Donated Bitcoins
On April 5, Italy’s “blood donation day,” the Italian Red Cross constructed an advanced medical post using funds generated through a crypto fundraiser.

The Italian Red Cross has raised nearly $32,000 through cryptocurrency donations in less than one month. Roughly… Read full article
High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia
Hacked cryptocurrency exchange Cryptopia today informed its users that the High Court of New Zealand has delivered its judgment on the status of their compromised assets.

In a tweet thread published on April 8, the exchange shared the 74-page court… Read full article
17h ago
Bitcoin Futures Did Not ‘Manipulate’ BTC Price — Stock-to-Flow Creator
Bitcoin futures do not unfairly impact the price of Bitcoin (BTC), according to the creator of one of the cryptocurrency’s most accurate price models.

In a series of tweets on April 7, PlanB, the pseudonymous analyst behind the stock-to-flow model,… Read full article
ETH 2.0 Development Firm CasperLabs to Work on Its Own Blockchain
CasperLabs, the firm tasked with developing Ethereum’s implementation of Proof-of-Stake (PoS), has decided to launch its own blockchain.

According to a recent announcement, CasperLabs plans to launch its own PoS blockchain in collaboration with Singapore-based crypto exchange BitMax.

BitMax will… Read full article
Decentralized Crypto Exchange Disables Trading Due to ‘Critical Security Vulnerability’
The developers behind the peer-to-peer cryptocurrency trading platform Bisq have temporarily disabled services after discovering a critical security vulnerability.

Formerly known as Bitsquare, Bisq is a decentralized exchange (DEX) that facilitates crypto-to-fiat trades without a formal intermediary. In a community… Read full article
US Court Postpones Sentencing for OneCoin Crypto Scam Co-Founder
Sentencing for the co-founder of the major crypto scam OneCoin has been postponed for a further three months at the request of the United States government.

On April 7, the New York Southern District Court approved a motion to adjourn… Read full article
SoFi Acquires Payment Processor Galileo in $1.2 Billion Deal
California-based and crypto-friendly financial firm Social Finance — SoFi — is acquiring the digital payment platform Galileo.

In an April 7 press release, SoFi announced that it has signed an agreement to pay $1.2 billion for Galileo Financial Technologies. According… Read full article
Blockchain Traceability Overtakes Payments Among Major Corporations
Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50.

The now annual Blockchain 50 list was published in late February and… Read full article
Cooking Mama Developer Denies Rumours it Mines Crypto
Developer 1st Playable has denied rumors one of their games was used to hijack Nintendo’s Switch console to mine Bitcoin and other cryptocurrencies.

While the recent Nintendo release, Cooking Mama: Cookstar, is connected to blockchain technology — it’s not in… Read full article
22h ago
BitcoinSV’s Social Platform Twetch Streamlines P2P Payments
Bitcoin SV powered social media platform Twetch has launched a feature to streamline peer-to-peer (P2P) payments.

Twetch is a Twitter-like social media platform where users must make micropayments in order to post and engage with content on the platform. Content… Read full article
UFC Fighter Changes Twitter Name to Promote Bitcoin Halving
As Bitcoin (BTC) prepares to undergo a block reward halving next month, at least one prominent figure in the sports world is doing his part to promote the event.

Ben Askren, former Ultimate Fighting Championship (UFC) fighter and well-known Bitcoin… Read full article
Tim Draper: Pandemic Could Be The Tipping Point For Bitcoin
The global spread of the coronavirus played a major role in the dramatic 2020 stock market crash. The bailout bill for saving the world’s economy is $7 trillion and rising fast. Bitcoin bull Tim Draper believes this confluence of factors… Read full article
Charity Crypto Poker Tournament: Big-Stacking Sats for COVID-19
The crypto community is rallying around the charge to fight COVID-19, with a variety of initiatives raising money to fight the pandemic and support charities on the front lines of the battle. The most recent: an online poker tournament, open… Read full article
It’s Time For Beer & Bitcoin: Quarantine Edition
In the latest episode of Beer & Bitcoin, Cointelegraph’s YouTube hosts Jackson and Giovanni were joined by Cointelegraph editor-in-chief Jay Cassano and managing editor Kristina Lucrezia Cornèr. They are in quarantine in New York City and Padova, Italy, respectively.

But… Read full article
Bitcoin Naysayer Jamie Dimon Praises $2 Trillion Stimulus While Predicting Great Recession
JPMorgan Chairman and CEO Jamie Dimon praised the U.S. government for quick action in the wake of COVID-19, yet he criticized it for not having a “pandemic playbook.”

Dimon is mostly known among the crypto community for his derisive statements… Read full article
Jack Dorsey Donates 28% of His Wealth to Global COVID-19 Relief
Twitter CEO and Square founder Jack Dorsey has started a new fund called Start Small LLC, aimed at fighting COVID-19. He’s seeding the fund with $1 billion, roughly 28% of his wealth. He shared the news via Twitter:

Source: Twitter… Read full article
Canaan IPO Class Action: Shareholders Must Decide Who Will Represent Them By May
Law firm Robbins Geller Rudman & Dowd LLP announced on April 7 that the lead plaintiff motion deadline in the Canaan securities IPO class action lawsuit was set for May 4, 2020.

The Canaan’s litigating stakeholders in the “Lemieux v.… Read full article
Bobby Lee Calls For BTC to Reach All-Time High in 2020
Crypto exchange founder, Ballet crypto wallet company CEO and founder, and member of the Bitcoin foundation’s board of directors, Bobby Lee, sees soaring prices in Bitcoin’s (BTC) future.

Lee said he expects Bitcoin to hit $10,000 by its block reward… Read full article
Bitcoin Cash Halving in T-Minus 16 Hours, BSV to Follow
Bitcoin Cash (BCH) will complete its block reward halving over the next 24 hours, with Bitcoin Satoshi’s Vision (SV) following shortly after.

One of Bitcoin’s most controversial forks, Bitcoin Cash, will halve in approximately 16 hours as of press time,… Read full article
Former Facebook Exec: BTC's Price is Either Going to Zero or Seven Figures
In a recent discussion with Morgan Creek Digital Partner Anthony Pompliano, Social Capital CEO and former Facebook executive Chamath Palihapitiya asserted that the price of Bitcoin (BTC) will either reach “millions,” or go to “zero.”

For Palihapitiya, the question of… Read full article
What Makes DeFi Decentralized? Rune Christensen on Centralized Collateral and Decentralizing Make
As part of its Black Thursday mitigation efforts, MakerDAO introduced USDC as a form of collateral. While this was an emergency measure, it touched the very sensitive topic of centralized collateral assets in Maker (MKR).

The concept of decentralization underpins… Read full article
Russian Darknet Criminals Sell $13M of Fake Cash for Crypto
Russian authorities have detained a group of online criminals that reportedly sold massive amounts of counterfeit banknotes on the dark web in return for cryptocurrencies.

According to an April 7 report from Russian news agency Kommersant, the criminal group has… Read full article
Bitcoin Spikes by 2x in 26 Days: What’s Actually Behind the Big Rally?
The Bitcoin (BTC) price has increased by two-fold in less than a month, surging from $3,600 to over $7,350. While traders believe a combination of many factors caused the upsurge, there are three main factors that likely contributed to it.… Read full article
Investor Sues Crypto Mining Firm Riot Blockchain to Pay $728K in Legal Fees
An investor sued Nasdaq-listed cryptocurrency mining firm Riot Blockchain for $728,200 that the investor owes in another contract breach lawsuit.

According to court documents filed on April 3, the aforementioned sum is the money Riot Blockchain investor Barry Honig and… Read full article
The Crypto Industry’s ‘Bloody Friday’ Lawsuits: Do They Hold Weight?
On April 3, a massive deployment of lawsuits were filed against major crypto industry players across the globe. The eleven lawsuits were filed in the United States District Court for the Southern District of New York in what is being… Read full article
ConsenSys Health Launches Coronavirus-related Virtual Hackathon
ConsenSys Health announced on April 7 the launch of the “STOP COVID-19 Virtual Hackathon,” which will take place from April 13 to May 11, 2020.

The initiative is sponsored by Gitcoin, Hyperledger, ConsenSys, One Million Developers and OpenMined. It aims… Read full article
Crypto Payment Network Partners With ID Screening Service
Cryptocurrency network TemTum is partnering with identity verification service Shufti Pro to provide Anti-Money Laundering (AML) and Know Your Customer (KYC) screening services for its customers.

As part of the partnership announced on April 7, Shufti Pro will verify TemTum… Read full article
Crypto Conference Attendees Prepare to Enter a 3D Virtual World
Blockchain and cryptocurrency enthusiasts have found new ways to come together amid the global coronavirus lockdown. A crypto conference called BlockDown 2020 is scheduled to take place in the virtual realm this month, with big name personalities from the blockchain… Read full article
One-Third of Bitcoin Cash's Supply Has Never Been Touched
Data from CoinMetrics shows that roughly one-third of the circulating supply of Bitcoin Cash (BCH) has never been touched.

Coinmetrics also estimates that 2.3 million Bitcoins (BTC) have not moved in over five years — comprising 12.5% of the nearly… Read full article
Finding Digital Answers to Global Sustainability Threats
According to NASA, the World Meteorological Organization and the National Oceanic and Atmospheric Administration, a scientific agency within the United States Department of Commerce, the last 10 years leading up to the end of 2019, as well as the last… Read full article
Italy’s Top News Agency Uses Blockchain to Fight Fake Coronavirus News
Amid the global pandemic crisis, the importance of ensuring trusted information is getting more crucial as fake coronavirus news poses a direct threat to life and health of people worldwide.

While some global jurisdictions are imposing fines and imprisonment for… Read full article
NFT Floodgates Open With Impressive Lineup of Blockchain Games in 2020
Blockchain in the gaming industry is one of the space’s hot topics of 2019. This year is catching the interest of both young independent developers and large corporations. Conferences and hackathons are periodically held around the world for developers to… Read full article
P2P Protocol Aims to Simplify Crypto Wallet Transactions With Domain Names
A new protocol is hoping to make peer-to-peer transactions between various wallets and cryptocurrencies simpler for users.

FIO Protocol, which launched its mainnet chain on March 26, provides users with interoperable domain names instead of alphanumeric blockchain addresses.

An acronym… Read full article
How Cointelegraph Team Is Coping With the Coronavirus Crisis All Over the World
The coronavirus pandemic has been changing the global economy, our lifestyle, our ways of interacting with each other and our vision of the future. The Cointelegraph team keeps working from home offices, and all the events we planned to participate… Read full article
Weeks After Bitcoin’s Record Deleveraging, Bithumb Launches 5x Margin Trading
Major South Korean exchange Bithumb has launched leverage trading for Bitcoin (BTC) and Ether (ETH) on its global platform.

While the exchange states that the move is in response to “a surge in demand in crypto services,” Bithumb Global’s introduction… Read full article
Paxful Launches Peer-to-Peer Trading Between Gold and Bitcoin
Peer-to-peer (P2P) cryptocurrency marketplace Paxful announced the introduction of support for trade between gold and Bitcoin (BTC) on the platform on April 7.

With the announcement, Paxful now facilitates physical trading in 16 different countries.

Cointelegraph spoke to Paxful CEO… Read full article
Streamr to Offer Binance’s Real-Time Trade Feeds on Marketplace
Open-source blockchain infrastructure Streamr announced on April 7 a new integration with cryptocurrency exchange Binance, in which Streamr will offer the exchange\'s real-time trade feeds on its marketplace.

From now on, Binance’s real-time trades and quotes data for all asset… Read full article
Why Crypto Liquidations Protect Us All
If the current COVID-19 pandemic has exemplified one thing, it is that our individual actions have consequences for all of us. Unfortunately, human nature propels the majority of humankind to put its individual interests first, and it takes a truly… Read full article
Crypto Miner Bitfarms Cuts Costs and Reduces Staff Due to COVID-19 Crisis
Publicly-listed Canadian mining and blockchain infrastructure firm Bitfarms is temporarily reducing staff, citing the economic and social toll of the COVID-19 pandemic.

In an update published on April 6, the company revealed it had succeeded in maintaining an average daily… Read full article
Max Keiser: Selling Bitcoin Now for 'Fiat Debt-Coupons' Is a Crime
Bitcoin (BTC) will be the only exit from the “global reset” of finance which will allow central banks to even destroy the banking system itself.

That was just one conclusion from Simon Dixon, CEO of cryptocurrency funding platform BnkToTheFuture, in… Read full article
Cryptocurrency Exchange OKEx Tackles Small Balances With New Offering
Cryptocurrency exchange OKEx announced a new feature that allows its users to convert small balances to the firm’s proprietary token OKB.

OKEx announced on April 7 that the new product allows its user to convert all the crypto asset balances… Read full article
Microsoft Helps Hospitals Fight Ransomware Amid Coronavirus Pandemic
Global computing conglomerate Microsoft is notifying hospitals that are vulnerable to ransomware attacks to help prevent healthcare institutions from becoming overwhelmed amid the COVID-19 pandemic.

The firm also published recommendations to hospitals for securing their systems and preventing ransomware attacks… Read full article
CargoSmart, Tesla and Cosco to Pilot Blockchain Tech in Cargo Release Process
CargoSmart, the software wing of the Hong Kong-based Orient Overseas Container Line, aims to transform the cargo release process using its new blockchain application.

According to a report published by Splash 247 on April 7, CargoSmart partnered with Cosco, Shanghai… Read full article
Bitfinex Launches Staking in Response to Customer Demand
Major cryptocurrency exchange Bitfinex has become the latest exchange to offer staking services to customers.

Announced April 3, Bitfinex will offer staking rewards up to 10% per annum on crypto assets underpinned by a Proof-of-Stake algorithm.

"We\'re committed to engaging… Read full article
Bitcoin Has Gained $600 for 3 Consecutive Mondays — Price Hits $7,400
Bitcoin (BTC) bulls showed up early Monday morning and took full control of Bitcoin price by sending the price through the $6,900-$7,200 resistance zone to a nearly 4-week high of $7,454. The surge to $7,454 occurred as the United States’… Read full article
CoinGecko CEO: ‘Hard for CoinMarketCap to Stay Neutral’
Just one week after exchange Binance announced its acquisition of CoinMarketCap (CMC) — one of the most-referenced crypto data websites — some prominent figures in the crypto community are speaking out.

Bobby Ong, Co-founder and Chief Executive Officer (CEO) of… Read full article
Brave Tokens Available for Trading on Gemini Starting April 24
Brave, the open-source pay-to-surf browser, will soon have more options for trading its signature token.

In April 6 blog post on the Gemini website, the platform announced they would soon support trading for Brave’s Basic Attention Token (BAT). Users will… Read full article
Bitcoin Price Will Go Up as Only Profitable Miners Remain: Data Analyst
Approximately 4-weeks ago global equities markets were in distress as investors finally realized that the coronavirus was not just an illness restricted to China, but rather a global pandemic which could permanently damage economics across the globe.

Crypto markets were… Read full article
Investigating Digital Assets in Japan Stymied by Nature of Crypto
According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas.

In a Q&A session at the Financial Statements Committee on April 6, Representative… Read full article
BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit
HDR Global Trading, the operator of crypto exchange BitMEX, is giving a $400,000 grant to the cybersecurity nonprofit Shadowserver Foundation.

In an April 6 statement on the company’s blog, HDR Global Trading announced that it would offer $400,000 to the… Read full article
Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market
Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300.

Looking at performance relative to its peers, Ether (ETH)… Read full article
Most of China’s DLT Firms That Closed in 2019 Were Scams or Poorly Planned
Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research.

Research sent to Cointelegraph by Chinese market research firm EqualOcean on March 26 suggests that most blockchain-backed Chinese businesses… Read full article
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