Vitalik Tells CZ to Think Bigger: Crypto is More Than Just ‘Protest’ Money

The Ethereum co-founder says the crypto community needs to get with the times. Ethereum co-founder Vitalik Buterin says the current financial crisis is very different to the 2008 Global Financial Crisis that Bitcoin emerged from — and that the crypto community needs to adjust its thinking accordingly.  Writing in a Twitter thread on June 2, Buterin said that some of Bitcoin’s most dearly held  narratives had not been borne out this time around.  Pandemic and protests The Ethereum (ETH) co-founder said 2020 is not a repeat of the financial crisis…

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Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange

This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange Bvnex listed bitcoin cash on the cryptocurrency trading platform with the VNDT- Vietnam dong. The move brings the peer-to-peer cryptocurrency BCH to the Vietnamese market and surrounding areas in Asia. The official launch of VNDT with a myriad of other digital assets hosted…

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Adam Back: Crisis Will Push BTC to $300K Even Without Institutions

Crypto pioneer Adam Back thinks the current financial situation could propel Bitcoin to $300K — even without Goldman Sachs on board. Blockstream’s Adam Back says that unlimited money printing will drive retail investors towards Bitcoin and push the price to $300,000 within five years. In an interview with Bloomberg — in which he once again denied he was Bitcoin (BTC) creator Satoshi Nakamoto — Back outlined his thinking behind the sky-high price prediction. The cypherpunk OG — who was cited in the Bitcoin White Paper — added that BTC may…

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$1.4B in Crypto Stolen in First Five Months of 2020, Says CipherTrace

Researchers say 2020 is on track to become a record-breaking year for cryptocurrency-related thefts, hacks and fraud. Researchers say 2020 is on track to become a record-breaking year for cryptocurrency-related thefts, hacks and fraud. Digital asset intelligence firm CipherTrace released a report on Tuesday revealing that in the first five months of this year so far, the value of ill-gotten funds siphoned through cryptocurrency crimes has reached almost $1.4 billion. This makes it possible that the amount of funds lost to bad actors in 2020 will outstrip the $4.5 billion…

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Buterin Says Ethereum’s Layer-Two Scaling Development ‘Basically’ Succeeded

Ethereum co-founder Vitalik Buterin said that the blockchain’s initial layer-two scaling deployment is nearly complete. Ethereum co-founder Vitalik Buterin said that the blockchain’s layer-two scaling initial deployment has “basically” succeeded. In a June 1 tweet, Buterin claimed that most of the initial work on Ethereum’s second-level scalability solutions is nearly complete.  To back his claim, Buterin linked to a tweet by Ethereum researcher Philippe Castonguay who listed a number of relevant developments and second-layer Ethereum scalability solutions that have recently launched. Castonguay noted that blockchain development firm StarkWare launched its…

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Capitulation by Unknown Miner ‘Caused the Dip,’ Says CryptoQuant CEO

The CEO of CryptoQuant believes that capitulation by an unknown miner caused the latest Bitcoin price dip. According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip. The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young Ju. The 51 blocks produced by the mining pool came with a reward of 637.5 BTC, 9% of the total over that time period. Unknown Miner: Number & Percent of Blocks Mined. Source: blockchain.com.…

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US Investors in Tezos’s 2017 ICO May Be Eligible for $25M Settlement

With the class-action lawsuit against Tezos likely to soon end in a $25 million settlement, ICO participants are encouraged to submit claims by Oct. 16. Investors who participated in Tezos’s (XTZ) initial coin offering between July 1, 2017, and July 13, 2017, have been notified that they may be eligible for a share of the proposed $25 million settlement to an ongoing class-action lawsuit alleging securities violations. What may comprise the case’s final settlement hearing is set to take place on Aug. 27 to determine whether the settlement and proposed plan of…

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Crypto Could Save Millennials From the Economy That Failed Them

The Millennial generation will lead humanity to an era of new financial technology as they drive Bitcoin adoption through the next decade. In a seminal blog post by Blockchain Capital, Bitcoin (BTC) was described as a “demographic mega-trend.” And while new technology tends to follow a path of diffusion from younger to older generations, there is another thing driving crypto adoption among Millennials: The fiat-based economy has failed them. The demographic megatrend An online Harris poll conducted in April 2019 found that people aged 18–34 were three times as likely…

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Partner at $500 Million Fund Explains Key Criteria for Investing in Startups

A partner at Initialized Capital, Brett Gibson, reveals his firm’s main criteria for investing in early stage startups and explains the most promising products on the market. Brett Gibson, a partner at Initialized Capital, has revealed the main criteria used by his venture capital firm to invest in early stage startups and shared his views on the most promising products on the market. Initialized Capital invests in early stage companies before they get to product/market fit, which means they still need to develop a product that meets the needs of the…

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CBDCs With a Twist: The Public-Private Solutions Needed for Adoption

Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under development use the approach. On May 26, Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, stated that moving forward, the best way to harness the potential of central bank digital currencies would be by fostering synthetic partnerships between the private and public sectors. Further expounding his views on the matter, the deputy division chief of the IMF’s monetary capital and markets department stated that the…

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