Tuesday, 20 August 2019

Tag Archives: Bitcoin

Mastercard has a patent that could allow bitcoin transactions

NEW YORK: Consumers might one day be able to charge their purchases on their credit cards using bitcoin as a currency. On Tuesday, Mastercard won a patent to protect a method that would manage “fractional reserves of blockchain currency.” At present, Mastercard holders can only pay for things using currency ...

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Bitcoin Gains $600 in One Hour

NEW YORK: Bitcoin (BTC) was drifting at its slightly improved levels of $6,791.52 on Tuesday evening, when in just 40 minutes the prices changed dramatically, sending the coin “back to the moon”. BTC suddenly appreciated by $600, up to $7,386,32, and continues the upward drive. BTC reached $7,453.27 as of ...

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$5.2 Million in Cryptocurrency Seized in EU’s Largest LSD Raid

LONDON: The Deep Web or the “Darknet” gained a lot of notoriety back in 2013 when the United States FBI took down the Internet’s largest online black market and drug trafficking ring known as The Silk Road after an extended manhunt for the site’s libertarian creator, Ross William Ulbricht. Ulbricht, better ...

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Crypto Analyst Believes Bitcoin Could be Nearing Price Bottom

NEW YORK: Many in the cryptocurrency community thought that Bitcoin bottomed at $6,000, as it held over that price level for weeks on end. However, Bitcoin dropped under $5,800 on the weekend, leading some to believe that Bitcoin’s price could move even lower. Brian Kelly, leading cryptocurrency trader and analyst ...

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Bitcoin Price Rebound Above $10,000 by 2019, Analyst Predicts

LONDON: Todd Gordon, founder of TradingAnalysis predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22. Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be ...

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Iran Develops Its Own Cryptocurrency

TEHRAN: Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi says the Iranian cryptocurrency is being developed under a joint project involving the ministry’s ICT Research Institute, Central Bank of Iran’s Monetary and Banking Research Institute and the state-run Post Bank. “Last week, in a joint meeting aimed ...

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BoE chief says Cryptocurrencies are failing as money

LONDON: Cryptocurrencies are failing as a form of money and have shown classic signs of being a financial bubble, requiring regulators to protect consumers and stop their use for illegal activities, Bank of England Governor Mark Carney said today. Carney did not call for a ban on cryptocurrencies such as ...

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Bill Gates Says Bitcoin has Caused Deaths

NEW YORK: Microsoft founder Bill Gates criticised the anonymity of cryptocurrencies during a Reddit “Ask Me Anything” session on Tuesday, even going so far as to suggest that their use in the illicit drugs trade has directly caused death. “The main feature of crypto currencies is their anonymity,” he said. ...

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Hackers used Tesla’s cloud to mine cryptocurrency

LONDON: The electric car maker was hit by hackers recently, something security researchers at cloud security firm RedLock revealed. RedLock said that the unprotected Kubernetes console that Tesla owns saw hackers getting into their systems, and mining cryptocurrency. Kubernetes is something Google designed, and is used to deploy and manage ...

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South Korean cryptocurrency regulator found dead in his home

BUSAN: One of the officials who helped South Korea’s regulatory changes on cryptocurrency, Jung Ki-joon, has been found dead in his home. Ki-joon was the head of economic policy at the Office for Government Policy Coordination, where he helped the efforts to mold a new legislation that would slow and ...

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