$2 Trillion for Surveillance Capitalism – US Government Promises $1,200 to Every American

On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest financial measure ever enacted by Congress in an effort to boost the faltering U.S. economy during one of its most challenging periods in history. Also read: US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows US…

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The Role of Cryptocurrencies in the Rise of Ransomware

What is the correlation between the ransomware landscape and the cryptocurrency industry, and what to expect in the future? Cryptocurrency and ransomware have had a long history together. They are so closely intertwined, in fact, that many have blamed the rise of cryptocurrency for a parallel rise in ransomware attacks. Ransomware attacks are certainly increasing — they rose by 118% in 2018 — but it’s not clear that this is due to cryptocurrency. While the vast majority of ransoms are paid in crypto, the transparent nature of these currencies actually…

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Algorithmic Crypto Art Changes Appearance To Reflect Bitcoin Volatility

Programmable artwork changes dynamically in response to the price of Bitcoin. A San Francisco-based experimental art movement has created what they describe as an ‘autonomously programmed art piece’ that changes appearance as the price of Bitcoin fluctuates. Asynchronous Art revealed Matt Kane’s “Right Place & Right Time” today, an artwork that evolves dynamically in response to BTC price action. As the value of the cryptocurrency changes, so too does the artwork, explained Kane: “Each day, a new look for the Master is generated using a data feed of Bitcoin’s last…

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Fake Ledger Live Chrome Extension Stole 1.4M XRP, Researchers Claim

A fraudulent Google Chrome extension has allegedly stolen as much 1.4 million XRP from users this month alone. A fraudulent Google Chrome extension has allegedly stolen as much 1.4 million XRP from users this month alone. In a series of tweets published on March 24, the research team “xrplorer forensics” claimed that fake Ledger Live extensions are being used to collect user backup passphrases: “They are advertised in Google searches and use Google Docs for collecting data. Accounts are being emptied and we have seen more than 200K XRP being…

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Bitcoin Price Rejects $7K but Tone Vays Says 75% Chance BTC Bottomed

Current Bitcoin price performance suggests that the market will avoid a return to lows seen earlier this month, says Tone Vays. Bitcoin (BTC) has a maximum 15% chance of falling below $3,800 if current price levels continue, says trader Tone Vays as BTC nears $7,000. In a YouTube update on March 24, an increasingly bullish Vays updated his outlook for BTC/USD. He argued that at around $6,750, the pair was sitting at resistance. Cryptocurrency market daily overview. Source: Coin360 Vays: Don’t wait for the dip Break above $6,800 and Bitcoin…

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Hive Continues Independence Push as Steem Stakeholders Migrate to New Chain

The ex-Steem community continues to battle Justin Sun with the Hive hard fork — stakeholders seemingly migrating to the new network. Over the past few days, the ex-Steem blockchain community has gained an upper hand over Justin Sun and his recently acquired Steemit startup. After blaming Sun for attempting to centralize their network, a substantial part of the original Steem community successfully launched a hard fork called Hive.  Steem stakeholders are now actively migrating to the new chain. Its in-house token HIVE, which has been distributed among STEEM holders via…

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Telegram Asks Court to Appeal Halt on GRAM Distribution

Telegram is looking to appeal the court’s recent decision in favor of the SEC to halt distribution of GRAM tokens until trial. Telegram is seeking to appeal a United States federal court’s recent ruling in favor of the Securities and Exchange Commission to halt distribution of GRAM tokens. Rejection of the injunction and the status of the investment contracts In response to the court’s preliminary injunction earlier the same day freezing GRAM issuance until at least the trial, Telegram filed a brief notice of appeal with the Court of Appeals…

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World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic

The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with a shrinking asset base. Also read: US Cash Crisis: Withdrawal Limits Spark Bank Run Fear China’s ‘Big Four’ See Their Stocks Tumble No one has a clear idea where this is going or what comes next for the planet’s financial system. What’s obvious, however, is…

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Binance Charity Launches Global ‘Crypto Against COVID’ Initiative With $1 Mln Donation

Binance Charity launches global campaign to distribute medical supplies to the countries hardest hit by coronavirus. Binance Charity has launched an initiative that seeks to raise $5 million in cryptocurrencies to purchase medical supplies for the countries that have been the hardest hit by the COVID-19 pandemic. Binance will lead the #CryptoAgainstCOVID campaign with an initial donation of $1 million USD. The exchange has also pledged to match up to an additional $1 million in public donations. Binance Charity to publish all transactions made with donated funds The funds will…

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IBMR to Provide $3.48 Million in Funding for ARCC Currency Reserve

The International Blockchain Monetary Reserve will fund a token project that aims to improve financial inclusion in Southeast Asia. The International Blockchain Monetary Reserve (IBMR) announced it has raised $3.48 million as an investment seed into ARCC Currency Reserve.  The reserve is a basket of cryptocurrencies that includes Algorand (ALGO), Bitcoin (BTC), and Binance Coin (BNB) as well as 700,000 U.S. dollars in seed investments for United States-based tech startup companies. These assets back the value of the Asia Reserve Currency Coin, or ARCC.  The funding, according to an announcement…

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