Craig Wright: Copyright Registration Proves I’m Bitcoin’s Satoshi; Copyright Office: Nope!

Craig Wright: Copyright Registration Proves I’m Bitcoin’s Satoshi; Copyright Office: Nope!

The crypto world was thrown into somewhat of a pandemonium earlier this week after a spokesman for Craig Wright stated categorically that the recent registration issued by the U.S. Copyright Office allegedly recognizes Wright as the author of the much-lauded Bitcoin Whitepaper and code. It will be recalled that the Australian computer scientist has declared himself the much-sought-after Bitcoin inventor Satoshi Nakamoto on several occasions. Wright is known to seize every opportunity to attempt convincing…

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Russian Lawmaker Warns Governments of Crypto Threats and Advises to Ban Cryptocurrencies

Russian Lawmaker Warns Governments of Crypto Threats and Advises to Ban Cryptocurrencies

A Russian lawmaker with the Communist Party in the State of Duma has come up to advise governments of the world to steer clear and to never adopt Bitcoin and other cryptocurrencies as such digital assets could lead to their downfall. Nikolay Arefyev (who also doubles as the Deputy Chairman of Duma’s committee in charge of economic policy, innovative development, industry, and entrepreneurship), warned governments sternly about the potential threat that Bitcoin and other cryptocurrencies…

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Report: Centralized Crypto Exchanges Enjoyed 85% Volume Surge in April

Report: Centralized Crypto Exchanges Enjoyed 85% Volume Surge in April

CryptoCompare, a leading cryptocurrency data analysis company, has released its Exchange Review for April 2019, highlighting some positive changes in the crypto exchange industry. The report demonstrates that monthly volumes increased by 85% with South Korean exchange, Bithumb, being the top exchange at USD 17bn. Other popular cryptocurrency exchanges such as Bitfinex, Upbit, Coinbase, Kraken, Bitstamp, and Coinsplit also experienced a surge in volumes last month. Bitfinex came third in line at USD 6.7bn despite…

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USPTO Approves Amazon Patent that Uses Bitcoin Technology to Prevent DDoS Attacks

USPTO Approves Amazon Patent that Uses Bitcoin Technology to Prevent DDoS Attacks

Recently, the e-commerce giant Amazon has been granted a patent for a proof-of-work (PoW) system that could be utilized to prevent distributed denial of service (DDoS) attacks that computer networks are often subjected to. The patent was filed initially in late 2016 and the patent application was finally approved by the U.S. Patent and Trademark Office (USPTO) earlier this week. The patent basically shows how Merkle Trees can be planted to prevent DDoS attacks and…

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JPMorgan Analysts: Current Bitcoin’s Price Surpassed its Actual Intrinsic Value

JPMorgan Analysts: Current Bitcoin’s Price Surpassed its Actual Intrinsic Value

After a yearlong bear market, Bitcoin is finally showing signs of recovering to its former glory. While most of the crypto community is celebrating the re-rise of Bitcoin, JPMorgan wants people not to get too optimistic. The banking giant’s representatives wrote a note this Friday, claiming that the improvement in the market is just the first step towards another eventual slump similar to the one in 2017. Bitcoin has been on a recovery run over…

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Bitcoin Price Technical Analysis (May 20): Bullish Patterns Indicate Another Rally

Bitcoin Price Technical Analysis (May 20): Bullish Patterns Indicate Another Rally

Bitcoin (BTC) is currently trading at approximately $7,760. Looking at the chart, we see the formation of a piercing pattern. It is a bullish pattern. Currently the digital coin is at its support of $7,700 with resistance at $8,300. In addition, we see flag and cup pattern, both of which are bullish patterns. Therefore, the overall trend is positive. Long position can be taken, keeping support as a stoploss. Dow Theory According to Dow Theory…

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Alternative Data Explains Why Bitcoin Suddenly Soaring: Less Fraud, More Focus, Better Discourse

Alternative Data Explains Why Bitcoin Suddenly Soaring: Less Fraud, More Focus, Better Discourse

Since its big fall in 2018, the world largest cryptocurrency has made a hard comeback, soaring to a new all-time high (even though it’s undergoing some correction right now). The sudden comeback spiked some theories among crypto analysts and enthusiasts as well. What could be the reason for the upsurge in Bitcoin’s price? Recovering over 28% in April alone, it is been all smiles and cheers in the crypto space. However, we are yet to…

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Key European Central Bank Policy Maker Favors Stablecoins Over Bitcoin

Key European Central Bank Policy Maker Favors Stablecoins Over Bitcoin

About a week after the President of the European Central Bank (ECB), Mario Draghi, blew Bitcoin and other cryptocurrencies out of the water, the key ECB official Francois Villeroy de Galhau declared that he actually prefers Stablecoins to cryptocurrencies. It will be recalled that the President of the ECB, while answering a students question during the ECB Youth Dialogue last week, bashed Bitcoin and other cryptocurrencies, saying they are not real currencies. He supported his…

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Decision on Bitwise Bitcoin ETF Approval Delayed by the SEC Yet Again

Decision on Bitwise Bitcoin ETF Approval Delayed by the SEC Yet Again

The U.S. Securities and Exchange Commission (SEC) has once again delayed the decision to approve or reject a Bitcoin exchange-traded fund (ETF) by 5 weeks. The decision to delay was announced in a document published by the SEC. The document states that the regulator would hold off on making a decision on the Bitwise ETF proposal filed with NYSE Arca. The document asked for interested parties to provide public comment in an effort to receive…

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Featured: The US-China Trade War and Bitcoin’s Price Spike

Featured: The US-China Trade War and Bitcoin’s Price Spike

There is a theory circulating in the cryptocurrency industry that the escalation of the US-China trade war has caused the Bitcoin price to spike. For instance, the theory was put forward by DigitalX CEO Leigh Travers who believes the spike may be caused by Chinese wealth being pumped into Bitcoin as a ‘safe haven’ due to the current financial insecurity issues between the countries. The US-China trade war has been escalating recently with tensions rising….

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