$25M Blockchain Bill Fights COVID-19 with Strategic National Stockpile

Congressman Stephen Lynch of Massachusetts introduced a bill on April 23 to establish a blockchain network capable of monitoring the SNS. U.S. Congressman Stephen Lynch of Massachusetts has introduced a bill to establish a blockchain network capable of overseeing the distribution of personal protection equipment, ventilators and other necessary medical equipment during the current pandemic. The April 23 bill, named the “Strategic National Stockpile [SNS] Enhancement and Transparency Act” or H.R. 6607, states that the National Emergency Biodefense Network, a network intended to regulate the supply of drugs, vaccines, medical…

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Pantera Capital CEO: Bitcoin Could Peak Over $500K in August 2021

In a letter to Investors, CEO Dan Morehead examined the YTD performance of Bitcoin prior to the May 12 rewards halving. Pantera Capital Founder and CEO Dan Morehead has predicted there is more than a 50-50 chance Bitcoin goes up “and goes up big”, with a predicted peak of over $500,000 in August 2021. The San Francisco-based blockchain and cryptocurrency hedge fund founder made the comments in a April 30 letter to investors examining the performance of Bitcoin (BTC) prior to the May 12 rewards halving in comparison to gold,…

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Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions

Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7.3 million setting up the mining facility, located in Iran’s central city of Semnan. It is the biggest mining farm in Iran, say reports, as the country seeks to leverage bitcoin to ease the impact of U.S economic sanctions. The license granted by Iran’s Ministry of Industry, Mine and Trade has…

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Craig Wright’s Satoshi Case Goes to Trial July 6

Craig Wright’s Satoshi case will finally go to trial, both sides confirmed to Cointelegraph. Lawyers representing both sides confirmed to Cointelegraph that they expect the trial to convene on July 6. The case that has been captivating the crypto community for several years now may finally receive a resolution. On May 1, Judge Bloom, who presides over the case, issued a court order for the trial to begin on July 6. More importantly, the lawyers representing both sides confirmed that they are not planning to file any motions that could…

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Telegram Won’t Let American TON Investors Get 110% Refund in 2021

American TON investors will be reportedly only eligible for an immediate 72% repayment instead of a 110% refund option in April 2021. Soon after missing the April 30 deadline to launch the Telegram Open Network (TON), Telegram sent another letter to its investors. In the new letter, Telegram reportedly said that American TON investors will not be able stay in the TON project for another 12 months. American TON investors will be only eligible for an immediate 72% repayment instead of a 110% refund option in April 2021, Russian news…

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US Senator Loeffler Reports 2019 Income of $3.5M From Role as CEO of Bakkt

US Senator and former Bakkt CEO finally filed her financial disclosures after a four-month extension and an insider trading scandal, revealing that she is very rich indeed. Per her financial disclosures, filed the evening of May 1 after an extension in January, Loeffler’s assets are significant, as was her income as CEO of Bakkt. The much-awaited financial disclosures While Loeffler initially delayed filing her mandatory financial disclosures when she took office in January, they are now available. According to SEC filings by Bakkt’s parent company, the Intercontinental Exchange (ICE), $980,000…

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7 Days Left Until the Great Bitcoin Halving: Hashrate Jumps Over 140 Exahash, Miner’s Hoard

Just recently the price of bitcoin jumped over the $9,000 per coin zone, but retracted back a hair not too long afterward. On May 3, the research and analysis firm Glassnode reported that the overall BTC hashrate touched another all-time high above 140 exahash per second. As miners continue to hash away at the network, there are only seven days left until the notorious block reward halving. Bitcoin Hashrate Climbs Past 140 Exahash per Second In a week’s time on May 12, 2020, the BTC blockchain will experience the third…

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CZ Insists That DDoS Attacks Were Foul Play From Binance Competitors

Binance’s CEO suspects that recent DDoS attacks came from competing exchanges looking to damage Binance’s reputation rather than steal crypto. As Zhao told Cointelegraph on May 4, the April 29 attack was “well-coordinated” and focused on making Binance services unavailable in some countries of Asia. Competitors behind the attacks? Zhao emphasized that there are “a number of tell-tale” signs that such attacks came from competing exchanges. In the statement, Binance’s CEO stated that DDoS attacks were more expensive for hackers than for the exchange itself. CZ provided more details regarding…

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New Season of ‘Billions’ Opens With Bitcoin Mining Bust

Crypto fans have been discussing actively on social media about the new Bitcoin-related episode of “Billions” series. Showtime released the first episode of the fifth season of financial drama series “Billions,” which opened with a Bitcoin mining bust. The new season, based on the life of the former New York District attorney Preet Bharara, began on May 3 with a plot revolving around a group of cryptocurrency miners operating an illegal Bitcoin (BTC) farm. Previous seasons talked about the world of the stock markets and legal disputes with hedge fund…

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MakerDAO Takes New Measures to Prevent Another ‘Black Swan’ Collapse

The DeFi lending market MakerDAO has updated its governance protocols to prevent another occurrence of forced liquidations that lead to huge losses. The decentralized finance lending market Maker, like many crypto participants, suffered losses during the price collapse of “Black Thursday” on March 12. The price of Ether (ETH) declined by about 50% within 24 hours, triggering a zero-bid attack as the Maker system became swamped with a huge volume of liquidations. In the aftermath of the crisis, Maker recorded losses totaling 6.65 million Dai (about $6.65 million) and has…

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