A survey of people familiar with crypto shows a stark contrast between public perception of crypto’s utility and what it is actually used for. A survey published by research firm Visual Objects has found food and clothing purchases to be the most common use cases for cryptocurrencies. The findings highlight a significant disparity between the […]
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Huobi’s HUSD minting amount of $4.2 million coincides with April 20 day. Today, April 20, Huobi has reportedly minted some 4,200,000 HUSD worth $4.2 million. According to data published by Whale Alert, this minting occurred around 7:30 GMT. Social media reactions saw users note this number’s similarities to today’s date — the 20th day of […]
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In response to the coronavirus pandemic, the IRS is updating some important guidelines and procedures to make them easier. Many investments these days seem volatile, but there are few asset classes that have been as volatile as crypto. If you have losses, you might have trouble claiming them, offsetting gains or reducing your income. In […]
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MicroBT has unveiled its coming series of 100 TH/s miners for the post-halving block rewards, igniting competition with Bitmain. Bitcoin (BTC) ASIC manufacturer MicroBT has revealed its new mining hardware, boasting a hash rate of 100 terahashes per second (TH/s). This product unveiling demonstrates that competition is heating up among major ASIC manufacturers, following Bitmain’s […]
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You can win as an investor during the pandemic, but there is one thing you shouldn’t do: panic. Investors are no strangers to extreme situations — history’s Great Depression is one of the best examples of this. However, the COVID-19 pandemic presents a new type of extreme situation. And the question racing through nearly every […]
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Robinhood reportedly saw record revenue growth amid the coronavirus pandemic, anonymous sources reveal. Popular stock and cryptocurrency trading app had a lot of problems in March, and is reportedly trying to make up for it with help from a new injection of cash. According to Bloomberg, Robinhood is in the process of raising $250 million […]
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Billion-dollar industries are using blockchain platforms powered by Hyperledger Fabric to bring trust to traditionally nontransparent markets. Located in San Francisco’s Presidio Heights neighborhood, the Linux Foundation’s office is nestled in a square of red-roofed buildings that resemble homes rather than technology work spaces. Inside the Linux Foundation’s office sits Brian Behlendorf, the executive director […]
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A cryptocurrency staking app which offers 1.5% daily returns might be a Ponzi scheme related to one that exit-scammed two years ago. A cryptocurrency staking wallet that offers users as much as 1.5% daily returns is bearing striking resemblance to a Ponzi scheme. That’s according to a Medium article published on April 19 by Jan […]
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The black gold tanks to lows almost unseen since WTI contracts began in 1983, while Bitcoin remains broadly steady at $7,000. A single Bitcoin (BTC) now buys over 600 barrels of crude oil as an unprecedented sell-off takes BTC purchasing power sky high. According to data from monitoring resources including Bloomberg on April 20, futures […]
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Dash developers announced that they expect to update the project’s “Evonet” test network every roughly six weeks. The developers behind major privacy-focused cryptocurrency Dash (DASH) announced that they expect to update the project’s “Evonet” test network every roughly six weeks. According to an April 17 announcement, the Dash Core Group plans to release the first […]
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