Thursday, August 6Your Daily Bitcoin & Altcoin News Portal
One Month On, Forsage Continues Despite SEC’s Ponzi Warnings

One Month On, Forsage Continues Despite SEC’s Ponzi Warnings

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Please share if you find this article interesting. One Month On, Forsage Continues Despite SEC’s Ponzi Warnings A full month after the Philippines' Securities and Exchange Commission flagged Forsage as a likely Ponzi, it remains the second-most popular Ethereum DApp on internet rankings. As of Aug. 6, Forsage has 390,000 users and a turnover of $3.11 million per 24 hours — despite being marked in dappstat.com rankings as “high risk.” Speaking to Cointelegraph in July — weeks after the SEC’s official warning — Miguel Cuneta, the co-founder of Phillipine fintech Satoshi Citadel Industries — wrote: “I received numerous inquiries from friends and family about Forsage and 'investing' in Ethereum just within the last month or so. People are posting screenshots of their wallets turning
Bitcoin Whales Bought the Dip, Data Shows as $1.2B Leaves Exchanges

Bitcoin Whales Bought the Dip, Data Shows as $1.2B Leaves Exchanges

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Please share if you find this article interesting. Bitcoin Whales Bought the Dip, Data Shows as $1.2B Leaves Exchanges Bitcoin (BTC) exchanges lost 100,000 BTC during the weekend’s price crash, data shows — and that’s a bullish sign. Figures from on-chain monitoring resource CryptoQuant on Aug. 5 tracking exchange balances show a dramatic drop occurring just after BTC/USD shed $1,200 in minutes. BTC exchange reserves hit major lows Prior to the turbulent weekend’s trading, Bitcoin balances on exchanges totalled approximately 2.49 million BTC ($29.2 billion). Afterwards, the ledger fell to 2.39 million BTC ($28 billion) — the lowest ever recorded by CryptoQuant. According to popular analyst Cole Garner, the change is yet another hint that the overall mood among investors is extrem
Bitcoin P2P Trading Soars in India as New Exchange Launches | Markets and Prices Bitcoin News

Bitcoin P2P Trading Soars in India as New Exchange Launches | Markets and Prices Bitcoin News

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Please share if you find this article interesting. Bitcoin P2P Trading Soars in India as New Exchange Launches | Markets and Prices Bitcoin News Bitcoin P2P trading volume in India has been growing rapidly, hitting record highs over the past weeks. Meanwhile, a new P2P trading platform has launched in India as the crypto industry awaits the government’s decision on a cryptocurrency law. P2P Trading Volume Soars in India Peer-to-peer (P2P) bitcoin trading in India has been hitting all-time highs over the past weeks. The growth accelerated after the country’s supreme court quashed the circular by the central bank, the Reserve Bank of India (RBI), in March that banned banks from providing services to crypto exchanges. According to Usefultulips.com, which combines data from two pro
Honeywell Creates a Blockchain ‘Search Engine’ for Aircraft Parts Data

Honeywell Creates a Blockchain ‘Search Engine’ for Aircraft Parts Data

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Please share if you find this article interesting. Honeywell Creates a Blockchain ‘Search Engine’ for Aircraft Parts Data Honeywell International Inc has created a blockchain-based system to solve the complex documentation and data storage processes of the aerospace industry.  The company announced that its blockchain subsidiary GoDirect Trade will integrate the aircraft record generation process into its blockchain system. Doing so will allow Honeywell customers to search aerospace parts and service data through its interface.  Making data handling more efficient In its present state, data related to aerospace parts and services are scattered across computer systems and hard copies. This results in airline companies and operators sometimes losing important documents that are cru
NBA Top Shot Launches P2P Marketplace for Collectible Tokens

NBA Top Shot Launches P2P Marketplace for Collectible Tokens

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Please share if you find this article interesting. NBA Top Shot Launches P2P Marketplace for Collectible Tokens Dapper Labs, the team behind CryptoKitties, has launched a peer-to-peer (P2P) marketplace allowing beta players of its NBA Top Shot game to trade their non-fungible token (NFT) collectibles. The launch of Top Shot’s marketplace will give players the opportunity to own tokens that were limited to the game’s now sold-out first wave of collectibles — allowing players to expand and complete their crypto-collections and unlock unique rewards. The game, which has been built on Dapper Labs’ Flow blockchain, features NFTs representing significant "moments" in basketball history. The tokens offer multimedia experiences that allow owners to explore videos and statistics relating
Crypto Is Up Over 80% in 2020—and Google Users Are Taking Notice

Crypto Is Up Over 80% in 2020—and Google Users Are Taking Notice

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Please share if you find this article interesting. Crypto Is Up Over 80% in 2020—and Google Users Are Taking Notice The cryptocurrency market is on fire again, after spending several years locked in a cold and painful crypto winter. Bears came out of hibernation and swatted down valuations, and with it, interest plummeted. But with a new dawn here, search interest in the asset class is suddenly springing up once again according to Google Trends metrics. How Google Trends Can Inform Investor Decision Making Google Trends provides a visual measurement of specific terms or queries over a specific time range. It allows data analysts, publishers, investors, and more to inform decision making based on how certain terms are trending. 14 BTC & 95,000 Free Spins for every player, only in
SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts | News Bitcoin News

SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts | News Bitcoin News

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Please share if you find this article interesting. SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts | News Bitcoin News The U.S. Securities and Exchange Commission (SEC) is looking for a blockchain forensics tool to help it analyze smart contracts. In a call for bids to software companies on July 30, the regulator said that the tool must be able to “analyze and detail code within blockchains and other distributed ledgers.” It is also looking to identify contract changes performed with administrator passwords, in addition to issues like whitelisted and blacklisted addresses. It also wants to know how token sales funds are disbursed. The SEC noted that the tool would support its efforts “to monitor risk, improve compliance, and inform Commission policy
Is ETC 102% Screwed After Second 51% Attack?

Is ETC 102% Screwed After Second 51% Attack?

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Please share if you find this article interesting. Is ETC 102% Screwed After Second 51% Attack? Ethereum Classic (ETC) has suffered a second 51% attack in less than one week, bringing the ongoing security of the network into question. On August 6, Etherchain.org tweeted that its affiliated mining pool Ethermine had disabled ETC pool payouts after more than 4,000 blocks had been reorganized in the latest attack on Ethereum Classic. It is not known if it is the same hacker or a copycat attack inspired by the first attack.  ETC’s security called into question In response to the increasing velocity of 51% attacks targeting Ethereum Classic, Ethereum co-founder Vitalik Buterin tweeted: “ETC should just switch to proof of stake. Even given its risk-averse culture, at this point making
Bitcoin Price En-route to New 2020 High Once Bulls Break $11.8K Resistance

Bitcoin Price En-route to New 2020 High Once Bulls Break $11.8K Resistance

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Please share if you find this article interesting. Bitcoin Price En-route to New 2020 High Once Bulls Break $11.8K Resistance Bitcoin (BTC) price perked up on August 5, rallying from $11,090 to $11,784 before briefly retracing to the $11,650 area as the daily close approached. Currently the price trades near the $11,500 support after bulls were unable to tackle the $11,800 level.  Despite a pullback to lower support, Wednesday’s 6.29% push through the $11,100 to $11,250 zone was much needed as the price had lingered below this level for about 3 days.  BTC/USD 4-hour chart. Source: TradingView As the 4-hour chart shows, once above $11,450, traders were able to slice through the $150 gap on the volume profile visible range and pursue the completion of a W-bottom reversal pattern b
Bitcoin Scammers Rebrand Jon Prosser’s YouTube Channel as ‘NASA’

Bitcoin Scammers Rebrand Jon Prosser’s YouTube Channel as ‘NASA’

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Please share if you find this article interesting. Bitcoin Scammers Rebrand Jon Prosser’s YouTube Channel as ‘NASA’ Scammers have conned more YouTube viewers into sending them Bitcoin after hacking several more large verified accounts and posting ‘free giveaway’ videos. According to an Aug. 5 tweet posted by Jon Prosser, his Front Page Tech YouTube channel with 262,000 subscribers was hacked by bad actors who changed the name to “NASA [news]” and began live streaming a fake Bitcoin (BTC) giveaway video featuring SpaceX’s Elon Musk. “Hackers have made $4,000 in Bitcoin so far,” said Prosser. “YouTube tells me I need to fill out a form and wait ‘a few weeks.’”  Seven years’ worth of Front Page Tech’s videos were deleted by the scammers. YouTube took the channel down roughly two hou