Source: iStock/Ivan-balvan The waters of transparency issues have been stirred with Ethereum co-founder Vitalik Buterin saying that the Ethereum Foundation (EF) sold ETH 70,000 at the top. It was worth c. USD 100 million at the time, and less than USD 10 million today. “I did get the Ethereum Foundation to sell 70,000 ETH like…
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This past week, bitcoin price remained in a downtrend and settled below the key USD 7,250 and USD 7,200 support levels. The same levels are now acting as hurdles for the bulls and BTC/USD is struggling to stay above the USD 7,000 support area. Similarly, many major altcoins are declining and facing an increase in…
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CipherTrace claims that major U.S. banks may be processing up to $2 billion in undetected crypto-related transfers each year. Blockchain intelligence firm CipherTrace has claimed that large banks may be processing up to $2 billion in undetected cryptocurrency-related transfers each year. In a press release shared with Cointelegraph on Dec. 16, CipherTrace claims that its…
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The Shenzhen Bao’An District Court, China, has ruled to freeze roughly $676,000 in assets of a subsidiary of Bitcoin mining giant Bitmain. The Shenzhen Bao’An District Court in China has ruled to freeze roughly $676,000 in assets of a subsidiary of Bitcoin (BTC) mining giant Bitmain. According to a court filing released on Dec. 13,…
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Prosecutors in Shenzhen, China, are reportedly looking to press embezzlement charges against the CEO of Bitmain rival MicroBT. The CEO, Yang Zuoxing, is a former Bitmain employee who worked in the latter’s chip design department. Per a report from Bloomberg, quoting three anonymous sources, “[Yang] was detained by Shenzhen police at the end of October…
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Multinational IT services giant Tata Consultancy Services launched the Quartz DevKit, which the firm claims can build blockchain apps 40% faster. Multinational IT services giant Tata Consultancy Services (TCS) launched a blockchain app development kit (DevKit). According to an announcement published by TCS on Dec. 16, the new Quartz DevKit is a low-code web-based integrated…
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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. Adoption news More than 100 7-Eleven convenience stores in South Korea should be fitted with blockchain-powered air pollution and weather monitoring devices before the end of this year, reports Fn Read…
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Here’s the scorecard for Bitcoin price bulls vs. bears exactly a year after BTC bottomed around $3.2K on Dec. 16, 2018. The price of Bitcoin (BTC) closed the second week of December at $7,111, down 5.44% for the week with five of the seven days being days of decline. So far on Monday, Bitcoin is…
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How successful are crypto launchpads and do they guarantee that the projects they back will end up being successful? After crypto prices went through the roof in 2017, an eruption of new tokens, companies and products occured. With such a high level of consumer and corporate interest, many promising projects were inevitably lost in the…
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Bitcoin price is not showing any bullish signs and appears still set to tumble by as much as 60% before a trend reversal takes place. Bitcoin price (BTC) performed as expected over the past week as 8% was shaved off its price of $7,571.80 between Dec. 8 and Dec. 14. Does this mean the digital…
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