Tone Vays Under Fire After Robinhood Suicide Tweet Mix-Up

Crypto influencer Tone Vays has come under fire on Crypto Twitter following a mix-up over a  tweet that appeared to show him ‘getting a laugh’ out of the suicide of a 20-year-old Robinhood trader. On June 17, the Bitcoin trader behind The Financial Summit hit reply to a comic “this is business” meme video posted by Twitter user Cryptanzee that was poking fun at him for charging $3000 for his options trading course. He sent the following tweet in reply: Source: CryptoCobain Vays linked to a Forbes article about Alexander…

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Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC

A number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well flow into precious metals and crypto-asset markets. Moreover, other investors have noted that bitcoin is following the same trend silver did in 12 years ago. Close to $5T in Market Money Accounts Could Flow Into Bitcoin Markets Everyone has been watching digital currency markets rough the…

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How Blockchain Will Fundamentally Change the Human Experience – Cointelegraph Magazine

From the invention of the wheel to the printing press, new technology has changed the human experience. Our comprehension of the world is no longer limited to a village. Our collective knowledge grows by inconceivable exabytes of data every day. And our memories, our very recollections of the events that shape our lives, are changing too. In fact, according to neurobiologist Dr. James L. McGaugh, a researcher specializing in learning and memory, technological advancements right up to the advent of the internet have made it less necessary for humans to…

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Bitcoin Price at Pivotal Point, Crypto Traders Divided Over BTC Short-Term Future

The price of Bitcoin (BTC) has remained stagnant in the $9,300–$9,500 range for seven days with low volatility. Traders expect the top cryptocurrency to see a huge price movement in the near term. However, prominent crypto traders are divided on whether Bitcoin will see a resumption of a bearish trend by revisiting the $7,000s in the upcoming weeks or if it will finally break out of $10,500. Due to the uncertainty in the market since mid-May, various data points and technical analyses present sufficient arguments for both bullish and bearish…

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Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments

The popular and first Singapore-based carpooling platform, Ryde has revealed that customers will soon be able to pay with bitcoin. The feature will be available after the bitcoin support is incorporated into the company’s payment app on June 22. Ryde has approximately 29,000 drivers, tens of thousands of customers, and millions of trips have been taken since the company started in 2014. The company Ryde is a carpooling service similar to Uber and the company launched in 2014 being the first rideshare platform located in Singapore. The difference between Uber,…

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Telos to Support Ethereum-Compatible Smart Contracts on Its Network

Telos, currently ranked the second-most active blockchain worldwide, is set to enable developers to create and run Ethereum-compatible smart contracts without transaction fees. Telos is a smart contract platform that supports the creation of decentralized applications and decentralized autonomous organizations running on EOSIO, the software underlying the EOS blockchain.  As of June 18, the network has launched an Ethereum Virtual Machine (EVM) on its testnet, in what is apparently the first implementation of EVM on an EOSIO blockchain.  A challenger to Ethereum? Developers are being invited to use Solidity —…

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He Who Controls The Blockchain, Controls The Cryptoverse – Cointelegraph Magazine

Nobody is in charge of Ethereum. It suffers from a chronic lack of governance, a lack of structure.  And as a result, it is in crisis.  That’s one theory, anyway. “Ethereum governance has failed. We are a de facto technocracy, where a small group of technocrats, the core devs, have final say over what goes into the protocol,” declared former Ethereum core developer Lane Rettig recently.   “But the challenges we face today are increasingly non-technical. Core devs don’t want to make these decisions because they feel unqualified, fear legal liability,…

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Chinese Police Investigate ‘Exit Scam’ by Iranian Crypto Exchange

Bitisis, an Iran-based cryptocurrency exchange platform targeting Chinese investors with investment opportunities, has reportedly pulled an exit scam. Chinese police are currently investigating the exchange’s disappearance, with the platform appearing to have transferred users’ assets to three wallet addresses after abruptly suspending operations. However, the addresses in question are held by major cryptocurrency exchanges and have been frozen. The operators of Bitisis are reportedly linked to a number of other similar exchanges. Arbitrage Fraud? According to 8btc, Bitisis lured investors with promises of abundant arbitrage opportunities affiliate referral commissions and…

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OKCoin, BitMEX Grant $150,000 to Amiti Uttarwar – Bitcoin Magazine

As the saying goes: when it rains, it pours. And lately, the Bitcoin Core development community appears to be experiencing a welcomed shower. Today, cryptocurrency exchange OKCoin and HDR Global Trading Limited, which operates the cryptocurrency exchange BitMEX, announced a $150,000 grant for Core developer Amiti Uttarwar. The donation follows similar gifts from both donors, as well as others, that have been announced in recent weeks. Uttarwar focuses on Bitcoin’s peer-to-peer layer, notably reducing the frequency that wallets attempt to rebroadcast transactions and, therefore, the frequency with which transaction information…

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Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down. Furthermore, a recent research report predicts the SHA256 ASIC mining industry will grow more consolidated in the future. Bitcoin Network Difficulty Jumps to 15.7 Trillion One of the most lucrative but also one of the most competitive operations in the…

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