Source: Istock/Golden_Brown Canada-based Bitcoin (BTC) miner and AI data processor Great North Data has filed for insolvency, leaving behind millions of dollars in debt. In an unusual situation for a cryptocurrency miner, these include hundreds of thousands of dollars the company owes to Canadian taxpayers after obtaining funds from a number of federal and provincial…
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A screenshot of the popular conspiracy GIF. Millions in the world’s most popular cryptocurrency have been moved from one wallet to the next today, and the Cryptoworld wants to know why. In the last 24 hours quite a few large Bitcoin (BTC) transactions have been spotted by the crypto tracking Twitter account Whale Alert. First…
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The forces that hold the fiat money system together look fragile and, over the next decade, some of these forces could begin to unravel and demand for alternative currencies, from gold to crypto, could take off, German banking giant Deutsche Bank said in its recent report Imagine 2030. “While critics bemoan cryptocurrencies as constrained by…
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A popular economist said that Bitcoin (BTC) can go lower, meaning that we haven’t seen the bottom yet. However, that low is just a stop on a way to all-time highs, founder of Bitcoin alpha hedge fund Adamant Capital, Tuur Demeester, stressed. “We are way above the bottom of USD 3,000 [and] I don’t think…
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Yesterday, there was a sharp upward move in bitcoin price above the USD 7,350 and USD 7,400 resistance levels. BTC/USD even rallied above the USD 7,550 and USD 7,650 resistance levels. However, it turned out to be a fake rally and the price is now back below USD 7,400 (09:00 UTC). Similarly, there were swing…
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Crypto exchange Bitfinex has struck a partnership deal with Swedish cryptocurrency-powered gift cards operator Bitrefill. The agreement will let customers pay using Bitcoin (BTC) via the Lightning Network protocol – and the parties say they will begin allowing users to pay using other tokens at some point in the future. Bitfinex chief technology officer (CTO)…
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Bictoin (BTC) managed to bring in numerous developers to improve and build innovations on its underlying code base, from layer 2 technologies to emerging smart contract solutions, but it remained the same – nobody so far managed to change its core properties, says Lucas Nuzzi, director of technology research at Digital Asset Research, a cryptocurrency…
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‘The best’ bitcoins are the ones from the Silk Road, the first modern darknet market, because they’ve got through the U.S. Marshalls and have been ‘blessed’ by the U.S. government – ‘those are very clean,’ Matt Walsh, Partner at Castle Island Ventures, a U.S.-based venture capital firm, joked while discussing so-called “virgin bitcoins” during a…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Nordea Bank is free to prevent its employees from investing in Bitcoin (BTC) and other cryptocurrencies in their own time, Bloomberg reported, citing a verdict by a Danish court.…
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22-year old Kerem Albayrak, a London-based IT analyst, has admitted to blackmailing tech giant Apple in March 2017 after releasing a YouTube video of himself hacking into iCloud accounts, the Daily Mail reported. By paying the ransom, Apple was to prevent Albayrak from selling the personal data of the service’s 319 million users. Prior to…
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