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A Chinese Arrested for Luring Victims to Use Bitcoin Cold Wallet He Created

Sep 2, 2019

Authorities in Puyang, a city in middle China’s Henan Province, have arrested a man after he reportedly for luring others to use the Bitcoin cold wallet he created. The man modified the code to create a bitcoin "cold wallet" and recommend it to others. Then he used an invasion program ...

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10 Years: Bitcoin Legend Road

Aug 30, 2019

Look at the impact of the decade's events on Bitcoin’s price. Recently, an animated chart about Bitcoin 10-year trend occupies Chinese media. Bitcoin is one of the most extraordinary developments of the last decade: a grassroots experiment in monetary policy played out on a global scale as d...

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Zhao Dong: Tether is Considering to Issue Stablecoins Pegged to Gold, Oil and Rubber

Aug 30, 2019

Stablecoin issuer Tether is considering to issue stablecoins backed by commodities like gold, crude oil, rubber, etc, according to Zhao Dong, a shareholder of Tether’s sister company Bitfinex. In an interview with Bitkan, a local cryptocurrency service provider, Zhao Dong said that apa...

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Ethereum Targets 2,000 tps After Istanbul Fork

Aug 30, 2019

Ethereum could sustain up to 2,000 transactions per second (tps) after the Istanbul network upgrade, its lead developer, Vitalik Buterin, has confirmed. Though Buterin had once noted that tps could be a tricky indicator on Ethereum network, the upgrade is expected to increase transactions on...

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Judge Rules Against Craig Wright, Criticizes Credibility in Court Decision

Aug 28, 2019

Notorious Bitcoin SV enthusiast Craig Wright has reportedly lost his legal battle against Ira Kleiman, the brother of Wright’s deceased business partner David Kleiman. As part of the reported ruling, Wright has been ordered to pay David Kleiman’s estate 50 percent of the bitcoin tha...

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China’s Central Bank Claims Forbes’ Report on CBDC Inaccurate Speculation

Aug 28, 2019

As China's central bank gets ready to launch its own cryptocurrency, Forbes reported early this morning (Beijing time) that the People’s Bank of China would launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, in an immediate response to it, sources ...

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Decentralized Crypto Exchange imToken DEX is Suspected of Data Deceits

Aug 27, 2019

Crypto wallet Bitpie released an article revealed that 99% volume of the daily active users and trading in imToken DEX were fake. Bitpie listed data about a series of small ETH transactions of 1, 0.2 or 0.3. According to Bitpie’s article, before August 18, few users in imToken DE...

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The Story behind Bitcoin Fork

Aug 27, 2019

Haipo Yang is the founder and CEO of crypto mining pool ViaBTC and crypto exchange CoinEx. This article offers a look at what really happened behind the Bitcoin fork two years ago. It’s been over two years since Bitcoin Cash was officially forked from Bitcoin on August 1, 2017....

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Chainalysis: Most Mixed Bitcoin Not Used for Illicit Purposes

Aug 27, 2019

If blockchain analysis firm Chainalysis is right, only a small fraction of coins sent to and from bitcoin mixers are used for illicit purposes. In a recent webinar titled “Cryptocurrency Typologies: What You Should Know About Who’s Who on the Blockchains,” the blockchain analyti...

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Chinese Crypto Exchange Huobi Processed 50% of All PlusToken Withdrawals

Aug 25, 2019

Chinese crypto exchange Huobi has been heavily favored in PlusToken withdrawals with nearly 50% of all withdrawals sent to the exchange, according to a study released by Elementus, a New York-based blockchain infrastructure firm. As 8btc reported earlier this month, PlusToken’s mass bi...