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Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Source Node: https://cointelegraph.com/news/two-attacks-on-etc-network-leave-community-needing-a-solution-fast
Time Stamp: August 16, 2020 9:15 AM - Modified On: May 21, 2021 - Published By:
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Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years. Two such attacks occurred within a seven-day span, totaling millions of dollars in losses. With the dust settling from the two 51% attacks, further details are now coming forward, as provided by a number of industry experts.“There is no debate about the attacks,” ETC Labs CEO Terry Culver told Cointelegraph on Aug. 7, answering a question on whether or not the network difficulties were in fact 51% attacks. “Community

Warren Buffett Buying Gold May Push Bitcoin to $50K, Investors Say

Source Node: https://cointelegraph.com/news/warren-buffett-buying-gold-may-push-bitcoin-to-50k-investors-say
Time Stamp: August 15, 2020 8:07 AM - Modified On: May 21, 2021 - Published By:
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Berkshire Hathaway, the $503 billion conglomerate led by Warren Buffett, sold Goldman Sachs for a Canadian gold company Barrick Gold. Max Keiser, the founder of Heisenberg Capital and an early Bitcoin investor, says it could help buoy BTC to $50,000.The quarterly shareholder filing of Berkshire Hathaway shows Buffett trimmed his position on most major banks, Fortune reported on Aug. 15. The firm sold a substantially large portion of its shares in JPMorgan Chase, Wells Fargo and PNG.What Buffett’s decision to enter a gold position over banks shows about BitcoinBuffett’s decision

Make It Rain Gold! Winklevoss Twins on Elon Musk & Space Mining

Source Node: https://beincrypto.com/make-it-rain-gold-winklevoss-twins-on-elon-musk-space-mining/
Time Stamp: August 15, 2020 7:49 AM - Modified On: May 21, 2021 - Published By:
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The Winklevoss Twins of the “The Social Network” and “Bitcoin Billionaires” fame have said Elon Musk wants to mine gold from space. They tried to convince Barstool Sports blogger David Portnoy that Bitcoin, with its limited supply, was a better investment. Making It Rain In a Twitter video on Friday, the Winklevoss Twins tried to explain that gold was not a great hedge against the dollar. While the dollar keeps being printed, gold only exists in limited amounts… at least on Earth. Furthermore, the twins suggested that Elon Musk was

Cryptocurrency News Roundup for August 14, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-14-2020/
Time Stamp: August 14, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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In a polarising move that has drawn mixed reaction from the company’s user-base, cryptocurrency exchange BitMEX announced today that it’s making KYC verification mandatory on the platform. The noises surrounding the move are hardly surprising given that privacy and easy-registration were two of the primary factors that contributed to the exchange’s growing popularity. Some BitMEX users are, however, in favor of the decision as it may help the exchange improve its security and appeal to would-be customers. All said and done, the u-turn into a conventional exchange underlines the impact

Yam Finance Proposes Migration Plan After Rebase Failure Fiasco

Source Node: https://beincrypto.com/yam-finance-proposes-migration-plan-after-rebase-failure-fiasco/
Time Stamp: August 14, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Fresh from the failure of an attempted rebasing, Yam Finance is looking to engineer a migration to a new version of the protocol. Despite the initial hype that greeted its launch as the latest decentralized finance (DeFi) sensation, the project soon ran into trouble. A bug discovered in the rebasing contract meant inflation in YAM token minting. Yam Rescue, Take Two: Migration Yam Finance announced the proposal for the migration via a blog post on its Medium page on Friday. According to the statement issued, the move, if approved, will

Bitcoin a Hedge Against Elon Musk Mining Asteroid Gold, Say Winklevoss Twins

Source Node: https://cointelegraph.com/news/bitcoin-a-hedge-against-elon-musk-mining-asteroid-gold-say-winklevoss-twins
Time Stamp: August 14, 2020 8:38 AM - Modified On: May 21, 2021 - Published By:
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The Winklevoss Twins suggested that Bitcoin (BTC) is a better investment than gold because the metal’s supply will increase after Elon Musk starts mining asteroids.In an interview with internet personality and Barstool Sports founder David Portnoy, the Winklevoss Twins claimed that Bitcoin is a better investment than gold because gold does not have a fixed supply:“There’s billions of dollars of gold floating in asteroids around this planet, and Elon [Musk] is gonna get up there and start mining gold. [...] That’s why gold is a problem, because the supply isn’t

MicroStrategy Buys 0.1 Percent Of Total Bitcoin Supply

Source Node: https://bitcoinmagazine.com/articles/microstrategy-buys-0-1-percent-of-total-bitcoin-supply?utm_source=rss&utm_medium=rss&utm_campaign=microstrategy-buys-0-1-percent-of-total-bitcoin-supply
Time Stamp: August 12, 2020 1:11 PM - Modified On: May 21, 2021 - Published By:
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In the midst of massive quantitative easing, a global pandemic and uncertainty for the future of the U.S. dollar, a whopping 21,454 BTC was just swiped off the market by intelligence and mobile software company MicroStrategy. Bitcoin Twitter picked up on the news yesterday when Matt Walsh and Nic Carter shared the story, but it became public knowledge in a MicroStrategy filing with the U.S. Securities and Exchange Commission. A MicroStrategy press release indicates that the firm had been planning the move as part of a capital allocation strategy that it

Ethereum Classic’s Leadership Says They Don’t Need Charles Hoskinson’s Bailout

Source Node: https://cointelegraph.com/news/ethereum-classics-leadership-says-they-dont-need-charles-hoskinsons-bailout
Time Stamp: August 10, 2020 6:08 PM - Modified On: May 21, 2021 - Published By:
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Cardano (ADA) founder Charles Hoskinson recently offered to help the troubled Ethereum Classic (ETC) community, but it came with a major condition. The community would first have to institute a decentralized treasury system, similar to Hoskinson’s Cardano and many other blockchain projects. If the community did not accept his terms, Hoskinson felt like his help would have been a waste of time and money:“It's not worth my company's time or our strategies to pivot for a grant or a one off payment to go and bail us out. If there

Bitcoin Price Seals Best Weekly Close in 2.5 Years: 5 Things to Know

Source Node: https://cointelegraph.com/news/bitcoin-price-seals-best-weekly-close-in-25-years-5-things-to-know
Time Stamp: August 10, 2020 5:18 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) greets another week with a push to $12,000 and its highest weekly close since after it hit $20,000 — will it return?Cointelegraph takes a look at five things that stand to impact BTC price performance in the coming five days.BTC: A two-and-half-year record weekly closeBitcoin hitting $12,000 again early Monday was more than just a boon for traders — in doing so, BTC/USD sealed its highest close on weekly time frames since January 2018.This means that no single week of price action ended at such high levels since,

A $15K Bitcoin Likely As Price Breaks Above “Multi-Year Bullish Triangle”

Source Node: https://bitcoinist.com/a-15k-bitcoin-likely-as-price-breaks-above-multi-year-bullish-triangle/?utm_source=rss&utm_medium=rss&utm_campaign=a-15k-bitcoin-likely-as-price-breaks-above-multi-year-bullish-triangle
Time Stamp: August 10, 2020 1:11 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin expects to hit a $15,000 valuation in the coming sessions, says full-time futures trader Adam Mancini. The Twitterati stated earlier Monday that BTC/USD closed above a “multi-year bullish triangle” by almost $2,000. The pair’s giant move above the “continuation pattern” increased its likelihood of testing short-term breakout targets, beginning with $15,000. Mr. Mancini said Bitcoin could extend its upside towards $24,000, as well. “[The cryptocurrency] may be the new kid on the block but the same old classic patterns that apply to all financial assets still apply,” he tweeted.

Japanese Messaging Giant LINE’s LN Token Trading on BitMax

Source Node: https://cointelegraph.com/news/japanese-messaging-giant-lines-ln-token-trading-on-bitmax
Time Stamp: August 9, 2020 10:52 PM - Modified On: May 21, 2021 - Published By:
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Crypto exchange BitMax just made Japanese messaging app LINE’s token available for trading.According to an Aug. 6 notice from LINE, the biggest messaging app in Japan with 84 million active monthly users will be making its native LINK (LN) token available for trading through crypto exchange BitMax. This makes LN the sixth crypto asset currently supported by the exchange, including Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC).The LN token was originally issued in 2018 for users as part of a rewards program through the messaging app.