Monthly Archives

May 2020

Steem Soft Forks to Sanction Mysterious ‘Community321’ Account

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Steem has executed a soft fork to restrict the rogue “community321” account from making transfers after the account sent nearly 24 million STEEM to Bittrex in protest of a hard fork that sought to freeze the funds. While Steem has claimed that the hard fork was intended to protect the Steem community against malicious actors, critics claim it was intended to punish supporters of the Hive hard fork by freezing their funds. Steem sanctions community321 An update posted to Steemit on May 22 announced the completion of a soft fork sanctioning community321, stating that “the community no longer has control

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As Bitcoin Halving Dust Settles, Network Awakens to Costly New Reality

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Things haven’t quite been the same since the Bitcoin (BTC) halving. A substantial number of miners have pulled the plug on their equipment due to the halved reward. Consequently, transaction fees are now considerably higher, the hash rate has shed around 25%–40%, and new blocks are generated at remarkably low speed. So, what can be done to prepare for this new post-halving reality, or will things return back to normal in the near future? Here is a closer look at which blockchain processes have been affected. Hash rate One of the most important post-halving trends is the decreased hash rate, which was

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Crypto YouTuber Moves to Saipan to Escape ‘Totalitarian Tyranny’

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Vin Armani, the crypto YouTuber and former star of Showtime’s Gigolos, packed up his life and family and moved to a tiny Pacific island in April to ride out the pandemic and escape the “totalitarian tyranny” he predicted was about to occur. Founder of CoinText said he believed there was a very good chance of him “being disappeared” if he had stayed in California as he was “an undesirable” in the eyes of unnamed forces. Like a number of prominent members of Crypto Twitter, Armani believes the authorities are using COVID-19 as a smokescreen to impose authoritarian measures. As things started getting

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Rich Dad Poor Dad Author’s Warning: ‘Get Bitcoin and Save Yourself’

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Businessman Robert Kiyosaki isn’t the only high-profile figure to advocate turning to Bitcoin during the current financial crisis, but he is one of the few making it sound like a life and death decision. On May 19, the best selling author of the book “Rich Dad, Poor Dad” took to Twitter in a mostly all-caps message denouncing the Federal Reserve’s actions during the pandemic and his belief that assets like gold, silver, and Bitcoin (BTC) would be investors’ saviors during this crisis. therealkiyosaki✔@theRealKiyosaki NEW YORK CITY GOING BROKE. All cities count on INCOME TAX, SALES TAX & REAL ESTATE TAXES, especially COMMERCIAL RE. Add

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Tuur Demeester: Bitcoin Price Above $50K ‘Not Insane at All’

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Bitcoin investor and research analyst Tuur Demeester doesn’t see the coin going below $6,000 after the rewards halving, with a price of at least $50,000 certainly possible in the future. In a video posted to crypto research firm Messari’s YouTube channel on May 18, Demeester said Bitcoin (BTC) was “back in a bull market” following the halving, with a bottom in the $3,000-$4,000s already past — referring to the March crypto bloodbath. The analyst went on to speculate as to how the recent inflationary measures by the Federal Reserve could impact the price of cryptocurrency. Though concerned that a potential low buying power of the U.S

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Final Block Mined Before Halving Contained Reminder of BTC’s Origins

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Just before Bitcoin experienced its third halving, which cut the block reward from 12.5 BTC to 6.25 BTC, the miner who extracted the cryptocurrency’s final block had a special message for all HODLers. F2pool, the miner responsible for the extraction of block 629,999, printed a New York Times headline into the Bitcoin (BTC) blockchain just prior to the halving on May 11. Jameson Lopp ✔@lopp The final Bitcoin block with a subsidy of 12.5 BTC was mined by @f2pool_official and contained the following message in its coinbase transaction: NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescuehttps://blockchair.com/bitcoin/block/629999 … Bitcoin / Block /

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Bitcoin Price Volatile 24 Hours Before Halving, Key Indicators Bullish

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With Bitcoin’s (BTC) third mining rewards halving just over 24 hours away, mainstream market hype surrounding the event has grown exponentially, especially after balancing on the $10K threshold for some time. On May 9, BTC dropped to the $8,100 mark before making a small recovery to around $8,800. Nevertheless, the fact that BTC has overall been able to stave off bearish market pressure instilled a certain amount of confidence in the hearts of investors all over the globe — despite Bitcoin facing a 15% value slip on May 9. Additionally, it bears mentioning that since dropping to a price point of around

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BTC Tops $9,000, Recovery Leaves Stock Market in the Dust

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Bitcoin (BTC) just broke past $9,000 at 3.30am UTC. The price recovery far outpaces the Dow Jones Industrial Average, or Dow, one of the mainstream market’s key barometers. Since its bottom near $3,850 on March 13, Bitcoin has pumped more than 130% in price, according to TradingView.com chart data. At its recent high near $24,750, the Dow has only risen approximately 36% since its March 23 low near $18,210. Bitcoin is once again the best performing asset in 2020. Alex Saunders @AlexSaundersAU It’s official. #Bitcoin is the best performing asset of the year (& decade) Bitcoin (orange) Gold (yellow) US10Y (black) S&P500

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