Economist Jeffrey Tucker: ‘Can You Imagine BTC Price if it Had Scaled?’

Economist Jeffrey Tucker sparked a debate with prominent crypto leaders when he argued the BTC price is depressed because it hasn’t scaled. American Institute for Economic Research editorial director Jeffrey Tucker reignited the long-running Bitcoin scaling debate with a tweet earlier today. The economist — who has long been a proponent of Bitcoin (BTC) — suggested the current price is much lower than it otherwise would have been because the underlying technology has not been “properly scaled”. On March 31, Tucker tweeted: I’m not unimpressed by a $6K price of…

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Proof of Stake Vs. Proof of Work: Which One Is ‘Fairer’?

This is the first part of a deep dive into the years-long debate between proponents of Proof of Work and Proof of Stake. Which one is better and why? This is the first of two articles providing a deeper dive into the eternal debate between the Proof of Stake (PoS) and Proof of Work (PoW) consensus algorithms. This part will focus on the basics, while also discussing the issue of wealth concentration and inequality, which is often at the center of any community argument. Bitcoin (BTC) and many of the…

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During Coronavirus Pandemic, IRS Cuts Taxpayers Some Much Needed Slack

In response to the coronavirus pandemic, the Internal Revenue Service tries to help taxpayers to not lose this economic battle. Crypto communities and the United States Internal Revenue Service haven’t exactly had a love fest over the last five years. It started in 2014, when the IRS said crypto was property, and it hasn’t got much better since. In addition to sending those 10,000 “beware” letters and trying to get crypto exchanges to turn over customer lists, the IRS has even gone so far as to alter the most hallowed…

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Today’s N95 Facemask Market Is Crazy, But It Helps Us Understand Crypto

Amid coronavirus fears, the current N95 facemask market resembles the wilder swings of the crypto space. Although the Wild West of crypto historically has involved scams, hype and price gaming, those descriptors are now tacked onto another industry — the N95 face mask market. “Scrutiny surrounding these deals is high because of ongoing scams and claims of price-gouging, both of which are triggering emotionally charged reactions and fear of making deals,” Forbes contributor David DiSalvo wrote in a March 30 article on the coronavirus pandemic-induced N95 face mask mania. Out…

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Coinbase Migrates Tezos Bakery From US to Ireland With 60 Seconds of Downtime

Coinbase Custody successfully migrated its Tezos Bakery — the largest validator on Tezos’ network — from the United States to Ireland while incurring just one minute of downtime. Coinbase reports that it migrated its Tezos (XTZ) staking bakery from the United States to Ireland while incurring just one minute of downtime on March 31. Since launching its staking service for XTZ in 2019, the exchange has come to operate the largest validator in the Tezos network. Regulatory needs of Tezos ETP provider sparks Coinbase bakery migration The Irish migration of…

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Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon

Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts, quantitative easing (QE), and buying mortgage-backed securities, analysts believe the Fed could start purchasing stocks in order to quell the economy. Also read: US Mortgage Industry Could Collapse as Housing Crisis Looms, Experts Say The Fed Is Deploying More Than Just a Monetary Policy…

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Australian Startup Offers New Spin on Tokenized Gold Trading

An Australian startup is launching an innovative tokenized gold trading platform with ‘no central point of failure’. Australian startup Meld Gold will launch a blockchain-based platform for tokenized gold trading in the third quarter of 2020. Meld Gold said the platform will offer a digital method to buy and sell physical gold that is more efficient and transparent than traditional gold markets. Unlike other gold-backed tokens, the issuer doesn’t have a stash of gold in its own custody — rather each token represents one gram of gold held across different…

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Virtual Blockchain Week Is A Virus-Proof Crypto Conference

No touching required! It’s just the kind of event that these sequestered, hunkered-down times call for. With COVID-19 still wreaking havoc on any plans to get more than ten people in a room together, Virtual Blockchain Week is a weeklong conference taking place completely online, and it just so happens that Cointelegraph is the primary media partner for the event. Virtual Blockchain Week attendees simply tune into the appropriate webcast to participate. The agenda kicks off the evening of April 26 and features a full lineup of huge blockchain names…

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Survey Reveals 87% of IT Professionals Are Concerned With Cryptojacking

In its 2020 survey, Acronis revealed the growing concerns of cryptojacking and ransomware among IT experts. Singapore-based unicorn startup Acronis released its latest cybersecurity survey on March 31 today, highlighting that 86% of IT professionals are concerned about cryptojacking. According to the 2020 World Cyber Protection Week Survey, there is a growing fear among IT experts in the face of cryptojacking attacks, as the study shows that 30% of personal users and 13% of professional users wouldn’t know if their data or computer’s resources were modified unexpectedly, as such threat…

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French Soccer Star Claims Crypto Scam Impersonated Him

Soccer star Kylian Mbappé filed a complaint against an allegedly cryptocurrency scam network under investigation by French police. French international soccer striker Kylian Mbappé filed a complaint on March 31 for the unauthorized use of his name on a cryptocurrency scam network, which is being investigated by local authorities. According to the newspaper L’Équipe, the soccer player, who plays for Paris Saint-Germain, is being impersonated to use his name in advertising campaigns for the alleged scam that involves a cryptocurrency acquisition scheme. These advertising posts cited false statements by Mbappé,…

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