$1 Billion Bitcoin Transaction Noticed Mainly Due to High Fees

A lot of heads were turned as a mysterious $1 billion bitcoin transaction was recently completed. What’s interesting to note, is that the transaction became conspicuous not because of its sheer size but because the spender spent “a large amount” on fees. Many users on social media spend hours trying to guess both the origin and the destination of the funds when the transaction completed last week. This was a record as the $1 billion bitcoin transaction involved 94 504 bitcoins. 94,504 #BTC (1,018,147,922 USD) transferred from unknown wallet to…

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Cocos-BCX Blockchain Gaming Platform to be Listed on Binance

Back in August, Binance revealed their plans to open trading for the native token offered by Cocos-BCX. Binance revealed that they intend to have 3 trading pairs for Cocos at launch – Bitcoin, Tether and exchange’s local token Binance Coin . Cocos-BCX aims to provide gaming developers with a modern and easy-to-use blockchain infrastructure. This will enable the developers to work on games in a very graphical way without the need to dive deeply on technical issues that often end up being high barriers to entry. The company is also…

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Wrong E-Mail Quickly Solves Crypto Theft Worth $15K

Sometimes accidents tend to happen for the better. This seems to be the case when the Connecticut police apprehended a criminal who stole over $15K worth of crypto in a mobile phone theft. The criminal later mistakenly sent a wrong e-mail apology to none other than the detective who was in charge of the investigation. The criminal’s name is Darren Carter and he’s a citizen of New Jersey. Carter committed the theft back in April when he swiped the victim’s smartphone and transferred $15 472 worth of cryptocurrency from their…

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All-Time Revenue for Bitcoin Miners Has Surpassed $14 Billion

The all-time revenue for bitcoin miners has surpassed $14 billion. According to Yahoo! Finance, despite the incredible increase in the network’s hash rate – something that depresses the profitability of crypto mining – the mining experience offers more treasures than ever for crypto miners. The report notes that as of the Bitcoin network’s inception, miners had to wait 8 whole years for their total revenue to break past the $5 billion mark. As with all growing industries, the next $5 billion came way faster as it took only 8 months…

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German Cabinet Working With Deutsche Bundesbank on CBDCs

Germany’s central bank Deutsche Budesbank and the German Cabinet are currently working together on central bank digital currencies (CBDCs). On the 29th of August, the German Bundestag published official feedback to a request from the Free Democratic Party which back in July, asked the Cabinet to respond about 6 questions related to the functionality of CBDCs. The Cabinet answered all the questions by the Free Democratic Party with help from various major reports and surveys in the crypto space, including a report from the beginning of the year by the…

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HNIs From India Are Massively Choosing Bitcoin Over Altcoins

A new survey by the Financial Express revealed that high net-worth individuals (HNIs) from India, massively prefer to invest in bitcoin. As in many developing countries, real estate is the most preferred investment by rich Indians. Many of the so called “super-rich” however, have decided to also expand their portfolio by investing into cryptocurrencies. Roughly 10% of the respondents stated that have plans to invest in cryptocurrencies within the next 3 years. This basically makes cryptocurrencies, the 4th most preferred asset after respectfully real estate, stocks and fixed income. NHIs…

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Blockchain Scalability: Moving Forward Towards Progress

Decentralized technologies can offer a lot to humanity. This is a massive opportunity which interestingly enough, came at the almost perfect time. In the modern time, the world’s largest institutions and companies have grown so powerful that they can easily and quite openly in fact, take advantage of normal people without any sort of legal repercussions. Look no further than Facebook being caught for the umpteenth time to be spying on its own clients. On the side-note, surveillance states like China and the United Kingdom should really make more people…

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How Will the Advertisement Industry Benefit From Blockchain Technology

Last month, Amazon posted a job offer in LinkedIn. Usually that shouldn’t be so surprising, considering this is one the largest companies in the world, but this job specifically requested a software development engineer who must work on an advertisement blockchain. Many people have afterwards begun to wonder why would Amazon need blockchain experts for its advertising division. Is there any way for blockchain technology to resolve the issues in the advertisement industry? The answer is a very resounding yes. The digital advertising industry is in fact using very outdated,…

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North Korea Denies Government Agents Stealing $2 Billion in Crypto

When it comes to North Korea, accusations usually hold little to no value. Recently however, a public response was issued to deny the accusations which accused North Korean government agents of illegally obtaining over $2 billion through the hacking of international banking services and crypto exchanges. Yesterday, the Korea Central News Agency (KCNA) denied all the allegations of the massive theft which is said to involve official government agents. According to the United Nations report, the funds which were stolen all ended up funding North Korean government programs for weapons…

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The Trade Wars and Their Effect on Cryptocurrencies

Last month, the People’s Bank of China (PBoC) announced that there is already an ongoing development of a digital currency to answer Facebook’s upcoming Libra. A little over a month later, it was revealed that the PBoC’s answer was already completed, which signifies that the development started way earlier than its announcement. With the trade wars between China and the United States heating up, both sides are already drawing lines in preparation an eventual escalation. Each side is after total global monetary supremacy and China is heading towards centralized control…

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