Category: cryptocurrencies

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How Bitcoin Can Help the African American Community

According to author Isaiah Jackson, establishing economic strength could help the black community in ways protesting on the street can’t. If Bitcoin is the “peaceful protest” crypto advocates like Binance CEO Changpeng Zhao and author Isaiah Jackson say it is, then how can the average person use it to help the African American community right…
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The Global COVID-19 Pandemic Gave People the Mandate of Independent Money

With the failure of traditional, centralized finance to beat the new economic crisis, people will turn to Bitcoin as the best solution. The COVID-19 pandemic forced the world to hit the brakes on economic activity, and in response, the United States Federal Reserve has introduced trillions of U.S. dollars to pay for the stimulus packages…
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Years-Old Cybersecurity Vulnerably Exposed in Blockfolio

Blockfolio, one of the most popular cryptocurrency portfolio tracking applications, could be a highly desirable target for hackers’ attacks. As of April 22, there are approximately 5,400 cryptocurrencies being traded with a market value of $201 billion United States dollars. The 24-hour daily trading volume has recently been hovering around $100 billion, a key indicator…
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Marshall Islands Seeks to Establish a “Self-Sovereign Identity” With New Blockchain-Based Currency

Joel Telpner reveals some of the steps the Marshall Islands is taking to launch its national digital currency. The Marshall Islands’ project says its creation of a digital sovereign currency, named SOV, aims to be a “game-changer”. It could also pioneer how governments respond to crises such as the COVID-19 pandemic. In an exclusive interview…
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OKEx Continues Their Ongoing OKB Token Buyback

Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token. Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token. In a June 5 announcement, OKEx announced the start of the eighth and largest buyback of OKB tokens. From March 1 until May 31, the…
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Former Chinese Central Bank Exec Praises “Commercial Success” of Bitcoin

Wu Xiaoling highlighted the benefits of the Bitcoin network and highlighted some of the weaknesses it faces nowadays. The former vice president of the People’s Bank of China, or PBoC, Wu Xiaoling, praised what she calls a “commercial success” for Bitcoin (BTC) on June 5. These kind words come despite a number of vital weaknesses…
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Another Free Ransomware Decryptor Released

Emsisoft launched a free tool that decrypts files affected by a variant of the Tycoon ransomware attack. Malware lab, Emsisoft, released a free decryptor tool on June 4. The tool enables victims to recover files encrypted by Tycoon ransomware attacks without needing to pay the ransom. Researchers from the BlackBerry’s security unit first discovered the…
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South Korean Crypto Exchange Is First to List Kakao’s Token

Kakao’s KLAY token is now trading with a South Korea won pairing despite the country’s restrictions on ICOs. South Korean tech giant, Kakao, listed its Klaytn blockchain-issued Klay (KLAY) token via a local cryptocurrency exchange on June 5. This news follows their launch of a new crypto wallet feature in KakaoTalk earlier the week. After…
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DeFi Platform Celsius Hits $1 Billion in Cryptocurrency Deposits

Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018. The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as…
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Home Seller Sues Buyer Over Payment in ‘Fool’s Gold’ Token

A Californian homeowner is suing a prospective buyer for attempting to pay for 30% of the property using a “worthless” cryptocurrency. After attempting to sell her home, California-based psychologist Mary Shea is suing buyer, Mike Cherwenka, for attempting to pay for 30% of the property’s value in the form of a “worthless” crypto asset called…
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