Mid-Week Bitcoin Dump Not Caused By Chinese Ponzi: Researcher

Wednesday’s Bitcoin flash crash was not due to a sell-off from Chinese ponzi scam, PlusToken, a researcher has claimed. Sid Shekhar, the co-founder of London-based, TokenAnalyst, said the disputed coins were moved earlier on the blockchain. We Can All Relax, It’s A False Alarm As Bitcoinist reported on Thursday, cryptocurrency influencer, Dovey Wan, brought the $3 billion scam to the attention of the international crypto-community on Twitter. Analysis from Peckshield suggested that about 1000BTC from PlusToken had flowed into Huobi and Bittrex since July. The reporting of this just after the crash…

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Bitcoin Space Reacts to Bakkt’s September Launch Date Reveal

The long-awaited Bakkt platform has finally been given an official launch date. The regulated Bitcoin futures platform will go live on September 23, 2019. Naturally, the Bitcoin and wider cryptocurrency community has greeted the news with optimism. The price of Bitcoin has responded favourably in the short time since Bakkt made the announcement too. Wait, Weren’t There Bitcoin Bears Here Yesterday? You probably know all about Bakkt by now. The cryptocurrency and mainstream news has reported on every little announcement made surrounding the launch of the new Bitcoin trading platform.…

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IT Giant Oracle Sues Blockchain Startup for Taking Its Name

Software development behemoth Oracle is suing blockchain startup CryptoOracle, alleging trademark infringement and cybersquatting. Cybersquatting and trademark infringement Technology market news outlet Computer Reseller News (CRN) reported on Aug. 15 that Oracle sued CryptoOracle alleging trademark infringement and cybersquatting in the Northern District of California.  Wikipedia states that cybersquatting “is registering, trafficking in, or using an Internet domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else.” The complaint filed by the tech giant reportedly claims that the startup’s name has been…

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Brandt’s Momentum Indicator Highlights Potential Bitcoin Reversal –

Bitcoin’s market valuation has already made some surprising moves in 2019, outperforming both the NASDAQ Composite and S&P 500 (on a YTD basis) by a wide margin.  However, an inability to hold support at key technical regions would suggest this year’s bull trend hasn’t yet been validated. Bitcoin’s Line in the Sand Since the beginning of the year, BTC/USD has generated gains of 172%, outpacing the returns of both the NASDAQ Composite (at +16.6%) and the S&P 500 (at +13.2%) over the same period.   However, technical indicators suggest crypto investors…

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Bitcoin’s Impact On The Environment Is Largely Fiction, Claims Prominent Energy Specialist

Bitcoin uses more electricity annually than Czechia, according to the latest estimates from the University of Cambridge. While Bitcoin is leading the charge to democratize money, there is no escaping its power-hungry reputation. And the current research from the Cambridge Centre for Alternative Finance (CCAF) does nothing to dispel concerns over its environmental impact. The Cambridge Bitcoin Electricity Consumption Index (CBECI) provides real-time data on the energy consumption of the Bitcoin network. The model borrows from the methodology of Marc Bevand. He uses pessimistic (upper) and optimistic (lower) assumptions, based…

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Walmart Files Patent for Blockchain-Based Drone Communication System

American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology.  Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is subsequently passed to another drone, which decrypts, reads and then configures to those parameters. In essence, the vehicle-to-vehicle communication system between unmanned drones would relay messages, mesh communications networks and allow machines to be aware…

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Facebook Covert Audio Sharing Casts Doubt Over Libra Privacy

Facebook used third-party contractors to listen to user audio without telling them, in a move which raises questions about the third-party sponsors of its libra cryptocurrency. Facebook Shared Messages With Third Parties As Bloomberg reported on August 13, Facebook confirmed it had used middleman firms to transcribe audio messages from its Messenger app.  The practice, which the company says it halted just last week, only involved users who had given their permission for audio collection in the app’s settings. However, Facebook did not disclose the data would be sent to…

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This Cryptocurrency Plunged 62% After SEC Files Emergency Lawsuit

The United States Securities and Exchange Commission has filed an emergency lawsuit in a Brooklyn federal court in an attempt to prevent a somewhat popular ICO from spending the money that was raised from the issuance of its cryptocurrency. News of this emergency filing instantly led to a massive dump for Veritaseum, which raised a total of nearly $15 million from an Initial Coin Offering in mid-2017 and early-2018, and this emergency lawsuit may be emblematic of an imminent crackdown on unregistered securities that were offered through the course of…

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