Steem to Freeze Another $5M in Tokens Associated With Hive Supporters

Steem will freeze another $5 million in funds associated with the accounts of Hive supporters. The controversy surrounding Justin Sun’s handling of the Steem (STEEM) network continues to grow, with Steem moving to freeze another $5 million in tokens held by dissident Steemit witnesses and stakeholders. Network validators — called ‘witnesses’ — associated with Sun have sanctioned the move to freeze 23.6 million in STEEM tokens, accusing the account holders of posing an existential threat to the Steem network. However, critics claim the hard fork vindictively punishes users who opposed…

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5000 BTC Giveaway Scam: Chamath Palihapitiya, Elon Musk Not Giving Away Bitcoin

The number of bitcoin giveaway scams has been increasing rapidly amid rising prices cryptocurrencies and deepening economic crisis worldwide. These scams claim that famous people are giving away bitcoin, such as Virgin Galactic Chairman Chamath Palihapitiya, Tesla CEO Elon Musk, and U.S. presidential candidate Michael Bloomberg. Bitcoin Giveaway Scams on the Rise Bitcoin giveaway scams claiming that celebrities are giving away bitcoin or other cryptocurrencies are on the rise as unemployment grows during the coronavirus pandemic and resulting economic crises. Videos featuring live interviews with Virgin Galactic Chairman Chamath Palihapitiya…

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Coil Creators Can Now Receive Payouts Using Uphold Wallets

Digital payment platform Uphold announced a partnership with web monetization provider Coil utilizing the Interledger Protocol. Digital payment platform Uphold has announced a partnership that allows Coil creators to be able to select the platform as their wallet provider to receive payments in over 50 currencies. Coil is a service that provides alternative methods for content producers to monetize their work online. “The ability to pay for [their] app subscriptions, news articles, or premium experiences with zero-clicks and in real time feels like the future,” said Robin O’Connell, Chief Revenue…

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Why Cardano Founder Chose Wyoming Over the ‘Giant Egos’ at Harvard

Cardano founder Charles Hoskison explains why University of Wyoming represents a better return on investment for IOHK than Harvard, MIT or Cornell. Cardano founder Charles Hoskinson has revealed why the University of Wyoming presented a more attractive choice than Harvard, MIT or Cornell for Input Output’s (IOHK’s) lab. IOHK, the company charged with the development of Cardano, donated $500,000 in ADA to the blockchain lab at the university earlier this year. The State of Wyoming is known for its progressive crypto legislation, which allowed former Wall Street executive Caitlin Long…

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Chinese Communist Party Adds Crypto to Curriculum

Chinese Communist Party school publishes a new book on crypto. A higher education institution that trains Chinese Communist Party officials has published a new book about cryptocurrency.  According to a local blockchain news report on May 19, the Party School of the Central Committee of the Communist Party of China — also known as the Central Party School — published the book as part of a book series on disruptive technologies. Previous entries in the series include “A Dialogue With Party Leaders About AI” and“ A Dialogue With Party Leaders…

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Smoke and Mirrors as Mainstream Banks Discourage Clients From Crypto

A data-based approach to cryptocurrency investment shows promise, so why are investment advisors at top firms still pushing clients away? The crypto space and market cap is a small percentage of the trillions invested through the global equities market or the amount that the United States Federal Reserve is able to print. While the promise of blockchain technology and the future of Bitcoin (BTC) has been realized through major traditional players unveiling their own versions of the technology, their hesitant investment advice does not seem to match their actions. Real…

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Former CFTC Chairman and Swiss Exchange to Fund Tech Against COVID-19

Lykke’s new contest looks to give money to developers to pursue new tech proposals that promise to aid the economic recovery in the wake of COVID-19. As announced on May 19, Swiss cryptocurrency exchange Lykke will be offering four prizes totalling 200,000 Swiss Francs ($205,800) as part of the Open Initiative.  The initiative is looking for new proposals from developer teams for blockchain-based solutions to problems linked to current economic turmoil, divided into four categories. The jury and the categories for tech Judging the contest will be Lykke CEO Richard…

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Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’

On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24% remain exclusively loyal to the digital asset. 75% of Coinbase Customers Eventually Buy Other Digital Assets Rather Than Bitcoin Coinbase has recently released interesting data on the purchasing of bitcoin (BTC) and alternative digital assets. The company that started in 2012…

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Bitcoin Options Market Data Shows Mere 9% Chance BTC Reaches $20K in 2020

Activity in the Bitcoin options market shows BTC has a 9% chance of reaching $20,000 by the end of 2020. The Bitcoin (BTC) options market, which is mostly dominated by Deribit and CME, gives a 9% chance for BTC to rise to it’s all-time high at $20,000 by the end of 2020. Given the tendency of Bitcoin to see a prolonged rally six to eight months after a halving is activated, traders in the options market are relatively cautious about the medium-term trend of BTC. Data shows the BTC options…

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Public Service Announcement: Beware of Imposters Posing As Cointelegraph Journalists

Recently there has been a rise in the number of attempts to impersonate Cointelegraph team members and request money from organizations and individuals in return for the promise of positive coverage. Crypto community, be vigilant: Cointelegraph has recently noticed an increase in scammers purporting to be our journalists on Telegram, LinkedIn and other social media. While this is by no means a new phenomenon, this fraudulent activity has seemingly ramped up in recent weeks. Thankfully, their current methods mean that they are not particularly hard to identify. It’s easier than…

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