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It seems scammers are leveraging the current situation surrounding COVID-19 pandemic to swindle more people as more users filed reports on Bitcoin extortion last month. Reports filed by users of BitcoinAbuse.com database surged by 1,300 percent in April. People are allowed to report suspected criminal cases related to Bitcoin extortion on BitcoinAbuse.com. According to the website’s founder Alan Reed, the website was established in response to the WannaCry ransomware. Since the beginning of this year, 68,000 reports with 21,000 unique Bitcoin addresses…

Whale Alert has detected a transfer from a Bitcoin wallet likely owned by Satoshi Nakamoto  The Bitcoin in the wallet was mined in the first month of the king crypto's existence back in 2009 It's unusual that a holder of that many years is suddenly moving their coins as more and more bitcoin investors are holding for the long term On May 20, 2020, Whale Alert detected a bitcoin transfer from a wallet possibly owned by the pseudonymous bitcoin founder,…

A central government or authority does not control cryptocurrencies, and they have a fixed supply, which makes their devaluation via inflation mostly nonexistent. Many people consider cryptocurrencies short-lived and unreliable, mainly as it could be unclear what affects their value. Besides, many enthusiasts don't know if it is possible to predict future crypto prices.   Crypto prices primarily depend on the value consumers place on them. A positive attitude from society is, therefore, vital to the value of crypto assets.  There…

A higher academic institution training Communist Party officials (Central Party School) in China has released a new book regarding cryptocurrency. On May 19, reports by a local blockchain news agency noted that the Party School of the Central Committee of the Communist Party of China published the book and it is one of the books in the book series on disruptive technologies. The focus of the book series is on the provision of a learning source for party officials and the general public…

65 Steemit Users to lose approximately $5 million in scheduled Steem Hardfork Hardfork scheduled for May 20, 2020, to cut out malicious hackers and move on Affected members file lawsuit against hardfork Sixty-five Steemit users stand to lose their STEEM investment amounting to 5 Million, after the Steem Hardfork is carried out on May 20, 2020. This is following allegations of intentional sabotage during and after the recent HIVE hardfork that resulted in Hive Blockchain. The affected users have come…

The price of Bitcoin is still beneath its psychological level of $10,000 which is said to be a FOMO trigger for a notable cryptocurrency bull rally. However, data shows that retail FOMO is already rising and when this is the case, institutional interest is declining. Market participants are considering the adequacy of retail FOMO to initiate a new bull market as well as the necessity of institutions for a bigger push. Bitcoin has not met the expectations of market participants…

Blockchain technology continues to be useful across numerous sectors and walks of life, including agriculture and the supply chain. In the supply chain domain, firms now have access to updated information regarding tracking and food safety, capable of streamlining and identifying opportunities for improvement, with a focus on freshness. In the United States, berry producer California Giant Berry Farms is now part of the food tracking solution IBM Food Trust, which is based on blockchain. In a report released by fruit and…

The US Consumer Financial Protection Bureau (CFPB) was formed in 2011 after the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed. Its function is to protect consumers from deceptive market practices. It released a report regarding remittance transfers under the Electronic Fund Transfer Act. The government agency noted in the report that it has been monitoring the nascent developments in the remittance market, which includes the growth of cryptocurrency asset firms such as Ripple. The report shows that…

In recent times, venture capital research company Ana.vc published a report highlighting a 57 percent reduction in cryptocurrency funding from VCs last month. In spite of the dip in overall investment, it seems the decentralized lending sector is still prosperous as it raised 150 percent of its aggregate in March. The report noted a decline in cryptocurrency fundraising last month but did not consider Bakkt’s raise. It noted thirty disclosed deals worth an aggregate of about $50 million, down from $117 million last…