Charlie Lee Breaks Down ‘Litecoin 2.0’

The creator of Litecoin, Charlie Lee, discussed the upcoming MimbleWimble upgrade which aims at enhancing Litecoin’s scalability and privacy. Lee noted that Litecoin’s upcoming implementation will be able to scale much better than other privacy-focused protocols, like Monero or Z-Cash. “It does privacy and scare very well compared to other implementations”, he said. Talking about the risks involved, Lee pointed out “hidden inflation”, a bug commonly affecting privacy coins which allows hackers to counterfeit an infinite amount of coins. However, “The risk is manageable”, Lee noted, pointing out that the…

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Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet

During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are not used to using crypto assets and have never experienced the process. The following article is a quick guide on how to get a cryptocurrency address, receive digital assets, and send them as well. Creating a Bitcoin Cash Wallet and Obtaining a Receiving Address Amid the crazy economy, a lot…

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Fraudulent Site Impersonates Encrypted Messaging Service to Steal Bitcoins

Cybercriminals have reportedly created a fake site version of the legitimate encrypted self-destructing notes service privnote.com. The fake version can be shared with other users to steal Bitcoin. According to a June 14 report from KrebsOnSecurity, the creators of the encrypted notes service complained about a fake clone site, privnotes.com, whose scam scheme consists of the following: “Any messages containing Bitcoin addresses will be automatically altered to include a different Bitcoin address, as long as the Internet addresses of the sender and receiver of the message are not the same.”…

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Casa Launches Free Wallet Service – Bitcoin Magazine

Today, Bitcoin custody solution provider Casa has launched a free wallet service aimed at new users. This app provides a retooled version of the basic wallet it offers its members, designed to be simple to use but without all of the premium services included in Casa’s more advanced products. “We’re excited about launching a free and simple bitcoin wallet that anyone can use,” said Nick Neuman, Casa’s CEO, in a statement shared with Bitcoin Magazine. “More people are turning to Bitcoin as a long-term investment, but they may not know…

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Turkish Real Estate Firm Antalya Homes Now Supports Bitcoin Payments

Turkish real estate firm Antalya Homes announced that its customers can now pay for properties listed on its platform with Bitcoin (BTC). According to a June 15 announcement, Antalya Homes claims to have recorded the highest-valued real estate sale ever made while using Bitcoin as a payment in Turkey. Per the company, the coronavirus pandemic forced the real estate industry to innovate. More precisely, Antalya Homes reacted by offering virtual home tours and adding support for Bitcoin on its website. The firm’s chairman Bayram Tekce explained: “In the sale of…

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Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance

Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and Exchange Commission (SEC), the New York-based investment company will offer up to 80,000 shares at a maximum $25 per share. Wilshire Phoenix, which has had an exchange-traded fund (ETF) application rejected by SEC in the past, aims to raise $2 million from the sale, which “will be used to purchase…

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Bitcoin Price Dips Below $9K Amid Heavy Stock Market Futures Losses

Bitcoin (BTC) dropped below $9,000 on June 15 as a new week produced fresh selling pressure across macro assets. Cryptocurrency market daily overview. Source: Coin360 Bitcoin price tests $9,000 resilience Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD entering the $8,000 range in Monday trading — for the first time since May 28. The latest bearish move follows a difficult week for Bitcoin in which markets almost regained $10,000 before shedding $800 in a matter of hours on Thursday. After spending the weekend at around $9,400, support gave way once…

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BTC Futures Volume Posts 2020 Low, ETH Open Interest Surges

Trade volume on Bitcoin (BTC) futures exchanges has plummeted to new lows for 2020, with the BTC futures markets collective posting just shy of $5 billion in 24-hour volume on June 13. 76% of futures trading took place on OKEx, Huobi, and Binance — representing $1.4 billion, $1.3 billion, and $1.1 billion in volume, according to data published by market analysis firm Skew. BTC futures daily volumes: Skew The slump in activity has seen volume drop by approximately half for two consecutive days. Bitcoin open interest rallies strong While Bitcoin…

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Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH

Digital currency markets are down on Sunday evening roughly 2.14% as global trade volume has slid by 31% this weekend. Coins like ethereum, bitcoin, litecoin, and bitcoin cash are all down between 1-2% in the last 24 hours. Crypto Assets Shed $16 Billion in Two Days At the time of publication, the cryptocurrency market capitalization is around $261 billion and it has lost around $16 billion in the last two days. In addition to the market cap losses stemming from all 5,000+ coins, global trade volumes have been lower than…

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