Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright

On March 15, well-known Bitcoin developer Jeff Garzik revealed he was subpoenaed by the U.S. District Court of Southern Florida in the infamous Kleiman vs Wright bitcoin lawsuit. The Kleiman family is suing the self-proclaimed Satoshi for roughly 300,000 BTC and Garzik has been served by the court and asked to submit assorted documents and possible evidence that would be relevant to the case. Also Read: Satoshi’s Pre-Release Bitcoin Code Contains Fascinating Findings The Kleiman Estate Wants Jeff Garzik to Reveal Anything He Knows About Satoshi, David Kleiman and Craig…

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Cosmos Mainnet Officially Launched – What’s All the Hype About?

Underscoring the fact that blockchain development takes time, after five years of work, Cosmos launched its mainnet yesterday. This leads to an important question–what is Cosmos anyway? What Is Cosmos? A project developed under the premise that there should be as many blockchains as there are internet applications. The focus is on delivering the industry a network of interoperable blockchains that are independent and scalable. Through this, Cosmos claims to solve the “hardest blockchain problems.” The team believes that blockchains should no longer be “siloed” or unable to communicate with…

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Bchpls.io Platform and a Telegram Tip Bot Now Support SLP Tokens

Over the last few weeks, Bitcoin Cash (BCH) fans have been creating and sharing a bunch of customized Simple Ledger Protocol (SLP) tokens. There’s now a Telegram tip bot, a Twitter tip bot, Badger wallet logo integration, and SLP token support on the payment platform Bchpls.io. Also Read: Satoshi’s Pre-Release Bitcoin Code Contains Fascinating Findings Sharing Spice Tokens on Telegram and Twitter At the end of February, news.Bitcoin.com reported on BCH token development kicking into high gear and the pace hasn’t stopped since. People have been creating unique tokens using…

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Tether’s New Terms of Service Spark Fractional Reserve Concerns

Popular stablecoin Tether has updated its  Terms of Service (TOS) on February 26th, once again raising questions over its dollar peg.  No One Does it Better Than Tether Tether 00 has regularly come under suspicion over its claims that it’s 1-to-1 backed by the US Dollar and that it has been used to manipulate Bitcoin prices. In June 2018, Bitcoinist reported on a paper by two researchers at the University of Texas, who claimed to have identified potential evidence of direct price manipulation since November 2017. In December, however, the rumors…

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Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

Venezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country. However, during the week-long blackout, bitcoin trades on the peer-to-peer exchange Localbitcoins plummeted by 40 percent. Also Read: Satoshi’s Pre-Release Bitcoin Code Contains Fascinating Findings Venezuelan Infrastructure Remains in Dire Straits The Venezuelan people have been suffering for quite some time as the nation’s…

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Bitcoin to Re-Enter Bull Market by August, Tom Lee Says, But There’s a Catch

Bitcoin permabull and the head analyst of Fundstrat Global Advisors, Tom Lee, has once again expressed his bullishness on the cryptocurrency’s short-term future. Unlike his last year’s predictions, however, this time he’s seemingly shielding his positivity with conditions.  Tom Lee Back At It, Hesitantly In April 2018, Fundstrat’s Tom Lee said that Bitcoin’s price will hit $25,000 by the end of the year. On December 31st, 2018, however, the cryptocurrency was trading at around $3,700 – approximately 85 percent below Lee’s target price. Speaking on CNBC’s Futures Now, Lee seems to…

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Cboe Discontinues Bitcoin Futures for Now

The Chicago Board Options Exchange (Cboe) has announced that it is dropping any new bitcoin futures contracts this month. The decision may have been necessitated by low trading volumes. Cboe indicated that its CFE futures platform was currently pondering its position on cryptocurrency derivatives trading. Also read: Canadian Capital Market Regulators Mull New Cryptocurrency Rules Cboe Considers Future of Bitcoin Futures In a statement on March 14, the exchange revealed: “CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019. CFE is assessing its…

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Venezuela: Bitcoin to the Rescue as US-Led Visa, Mastercard Boycott Looms

With the United States government threatening to prohibit payment companies from processing transactions in Venezuela, citizens may be forced more than ever before to adopt Bitcoin. No More Visa and Mastercard Payments for Venezuelans According to Bloomberg, U.S. government officials say the Trump administration is considering further economic sanctions against the President Maduro-led regime in Venezuela. This time, the U.S. will be prohibiting payment firms like Visa and Mastercard from providing service in the country. The move is a continuation of efforts to cut off access to funds to President…

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In the Daily: Cosmos Expands, Crypto Crime Network, Bittrex Cancels Raid Sale

In Friday’s edition of the daily, we begin by examining the rise of Cosmos, which in terms of sheer hype and expectation is this month’s Grin. We also check out anonymous crime reporting system Intelli Network and consider Bittrex International’s decision to cancel its first token sale hours before it was scheduled to start. Also read: Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement Cosmos Whips the Cryptosphere Into a Craze The Cosmos network is only a few days old and already it’s the hottest ticket in town.…

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Canadian Capital Market Regulators Mull New Cryptocurrency Rules

Capital market regulators in Canada are planning to establish new rules to curb the risks associated with cryptocurrency trading platforms. This follows the sudden death of Gerald Cotten, founder and chief executive officer of crypto exchange Quadrigacx, which led to about $145 million in frozen or missing cryptocurrencies. Also read: Bitcoin Exchange Gatecoin Shuts Down Citing Financial Difficulty Tailored Requirements for Crypto Exchanges In a joint new consultation paper on March 14, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) spoke of the need…

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