Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison Time

A possible Satoshi Nakamoto, the mysterious creator of Bitcoin, has been sentenced to 25 years in prison. Criminal mastermind Paul Le Roux told the judge that upon his release he plans to “start a business selling and hosting bitcoin miners,” claiming that his ASIC chip design will “have an order of magnitude faster at bitcoin mining than any current design.” Satoshi Candidate to Start Bitcoin Business Paul Le Roux, a criminal mastermind whose biography made him a possible candidate for Satoshi Nakamoto, the pseudonym of the Bitcoin creator, has been…

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Survey: Japanese Crypto Holders Prefer XRP Over ETH

A survey by Japanese crypto exchange BitMax shows 25% of traders prefer XRP, compared to only 9% in ETH and 26% BTC. Despite the fact Ether is currently the second largest cryptocurrency by market cap, Japanese crypto holders may prefer to hold XRP.  According to the results of a survey posted to Twitter by Japanese cryptocurrency exchange BITMAX on June 12, Bitcoin (BTC) is nearly as popular as the XRP token among traders in Japan. 25% of the 1,498 people surveyed told BITMAX XRP was their favorite coin, compared to…

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Top Trader Explains Ethereum’s Rally to $1,400 in 2018 Was a “Red Herring” Event

Over recent weeks, the expectations of a parabolic Ethereum rally have become extremely prevalent. Due to a confluence of fundamental and technical trends, analysts left and right are flipping bullish on the second-largest cryptocurrency. Chris Burniske, a partner at Placeholder Capital, for instance, recently postulated that there is a world in which ETH hits $7,500: “If BTC goes > $50,000 in the next cycle, and ETHBTC returns to its former ATH, then expect to see ETH > $7,500. To the mainstream ETH will be the new kid on the block —…

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Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall

Ethermine will now proceed to distribute its $2.6 million bonanza from a series of bizarre ethereum transactions last week after the fund’s owner failed to make a valid claim. On June 11, the miner, a unit of Bitfly, received the record fee in a transaction involving just 350 ether (ETH), or $86,000. It was the second such fee paid by the same person to transfer a small amount of ETH in as many days. After freezing payment for some days, Ethermine has exhausted its patience. The mining pool will now…

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Bitcoin Whale Population Approaching September 2017 Levels

The number of Bitcoin whales with the ability to affect the BTC price is approaching 2017 levels, when the token was ascending to $20K. The number of investors holding an immense amount of Bitcoin is starting to approach levels the crypto community hasn’t seen since the cryptocurrency’s rally to $20,000.  According to Glassnode’s ‘The Week On-Chain’ report for June 15, there has been steady growth in the number of Bitcoin (BTC) whales—traders holding 1000 BTC or more—since January 2020.  Source: Glassnode The crypto analytics site said there are currently 1882…

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Bitcoin Funding Rates Flip Negative as Sellers Build Momentum; What to Watch For

Bitcoin has seen some intense turbulence throughout the past day, with the cryptocurrency losing the support it had at $9,400 before plummeting into the $8,000 region Buyers were able to guard against the massive influx of selling pressure, supporting it above $9,000 for most of the day The defense of the upper-$8,000 region has caused the crypto to form a double bottom seen while looking towards its RSI This indicates that the crypto could be forming a bottom pattern similar to that seen in late-May Negative funding rates may also…

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Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet

During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are not used to using crypto assets and have never experienced the process. The following article is a quick guide on how to get a cryptocurrency address, receive digital assets, and send them as well. Creating a Bitcoin Cash Wallet and Obtaining a Receiving Address Amid the crazy economy, a lot…

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Bitcoin Price Drop to $8.9K Caused by Whales Selling at Major Exchanges

Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900. As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions which led to panic selling among retail investors. Whales—individual investors that hold an immense amount of Bitcoin—have the ability to significantly impact the price of BTC and according to on-chain data provider CryptoQuant, the recent…

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Waves Wants to Put an End to Bogus Blockchain Speed Claims

Waves Enterprise wants to ‘separate the chaff from the wheat’ when it comes to speed claims from blockchain networks, helping potential users make educated decisions. Waves Enterprise has created a framework for load testing of blockchain networks under real-life scenarios in order to provide greater transparency for potential clients. Original sin Transactional capacity or lack thereof has been a hotly contested discussion in the industry almost from the beginning. The first known response to Satoshi Nakamoto announcing Bitcoin (BTC) was on exactly this topic: “We very, very much need such…

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$125 B Corporate Giant Will Use Blockchain Tech to Combat Global Warming

$125-billion corporation will use blockchain to achieve deforestation free supply chain by 2023. June 15, Unilever unveiled a $1 billion initiative aimed at fighting climate change in which blockchain technology will play an integral role. Traceability & transparency Unilever is establishing a €1 billion ($1.13 billion) fund that over the next ten years will be used to protect the environment: “To accelerate action, Unilever’s brands will collectively invest €1 billion in a new dedicated Climate & Nature Fund. This will be used over the next ten years to take meaningful…

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