Western Union Makes Takeover Offer for MoneyGram

According to Bloomberg, financial giant Western Union has made an offer to purchase cross-border payments company MoneyGram. Western Union might be purchasing cross-border payments company MoneyGram. According to a June 1 article on Bloomberg, the payments giant recently made a takeover offer for MoneyGram. If successful, this would combine the two of the biggest money-transfer companies in the United States.  Ups and downs during pandemic Lockdowns and shelter-in-place orders in response to the coronavirus have closed many businesses across the U.S., including local branches of MoneyGram. The number of digital…

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Samson Mow’s Infinite Fleet Game 2020 Launch Backed by Major Players

Pixelmatic hopes to use the support of major crypto players for mainstream gamer adoption of digital currency with its INF token. Prominent Bitcoin figures are working together to ensure the alpha release of Pixelmatic’s Infinite Fleet space adventure game is launched by the end of 2020. Infinite Fleet, under the leadership of Blockstream Chief Strategy Officer and Pixelmatic Chief Executive Officer (CEO) Samson Mow, is being backed by major crypto players like Litecoin (LTC) founder Charlie Lee, WhalePanda, “the father of cryptocurrency” Adam Back, former Bitfinex Chief Strategy Officer (CSO)…

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Bitcoin Price Surges to $10,380 as Trump Threatens Military Crackdown

Bitcoin price broke the $10,000 barrier and rallied to $10,380 for the first time in 3 months. Within the last hour Bitcoin (BTC) price abruptly surged to $10,380 after spending the last month trading in a symmetrical triangle pattern. The move above the crucial $10K mark occurred as U.S. President Donald Trump mobilized local police and the National Guard to disperse masses of protestors on the White House grounds.  After a brief pullback to $10,100 bulls stepped in to provide renewed buying pressure. At the time of writing the top-ranked…

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Price Analysis 6/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

Tension between China and the U.S. is increasing and if the current trade deal is scrapped Bitcoin could be a major beneficiary. The tensions between the U.S. and China have escalated once again. This is bad news for the global economy which is currently witnessing one of the worst crises since the Great Recession.  If either the U.S. or China does not keep up their part of the trade deal, it could only make matters worse. Scrapping of the Phase I trade deal could ultimately result in a huge sell-off…

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Hacker Steals Database of the Largest Hosting Provider on the Dark Web

Sensitive data from darknet websites hosted in Daniel’s Hosting have been leaked by a hacker who claims ties to Anonymous. Reports emerged on May 31 about a hacker that stole and leaked the database of Daniel’s Hosting (DH), the largest free web hosting provider in the darknet, and the home of several crypto-related forums and stores. The hacker —under the pseudonym “KingNull”— also claims to be part of the Anonymous collective and reportedly got the information after the second hacking suffered by DH on March 10, which resulted in 7,600…

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Satoshi Nakamoto Had Outside Cryptography Help, Says Early Bitcoin Dev

Satoshi Nakamoto sought help from expert cryptographers, which allowed him to make Bitcoin secure, says an early developer. According to an early Bitcoin (BTC) developer, Satoshi Nakamoto sought help from outside cryptographers prior to launching Bitcoin. Laszlo Hanyecz, who worked closely with Satsohi in 2010, told Cointelegraph that he was befuddled by Satoshi’s choice of the elliptic curve secp256k1. The use of this curve, at the time, was unusual. National Institute of Standards and Technology (NIST) curves were much more common. Many Bitcoin enthusiasts over the years have been speculating…

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Protestors Invoke Bitcoin in the Wake of George Floyd’s Death

Cryptocurrencies appear on the scene of massive protests in the U.S. in response to police killing George Floyd, with many industry leaders weighing in. The United States is witnessing its biggest protests in years following the death of George Floyd at the hands of a police officer in Minneapolis. Some compare it to those after the murder of Martin Luther King Jr. in 1968. The community crypto has chimed in on the situation. Crypto sphere personalities like Binance’s CEO Changpang Zhao reacted via Twitter after six days of massive protests:…

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Mining Hardware Maker Canaan Looks to Issue $12.4M in Stock to Employees

Cryptocurrency mining ASIC producer Canaan filed with the U.S. SEC to issue around $12.4 million worth of shares to its employees. Cryptocurrency mining application specific integrated circuit (ASIC) producer Canaan filed with the U.S. Securities and Exchange Commission (SEC) to issue around $12.4 million worth of shares to its employees. According to the S-8 form, filed with the SEC on May 27, Canaan is looking to issue nearly $12.4 million of class A ordinary shares with a maximum offering price of $0.24 per share. As Cointelegraph reported in late November…

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Ledger CTO Explains Why Smartphones Won’t Ever Be Fully Safe for Using Crypto

Recent developments led by some smartphone manufacturers aim to use hardware to make the system more secure, but it won’t protect from all attacks, cautions Ledger’s CTO. Cointelegraph interviewed the CTO of Ledger, Charles Guillemet, to learn more about the best practices in securing cryptocurrencies for average users. Ledger is a major producer of hardware wallets, which store cryptocurrency seeds on a dedicated device. As Guillemet explained, hardware wallets protect against possible malware on the user’s computer or mobile device. Both storage and transaction signing are performed on the wallet,…

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Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

On May 28, 2020, the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies like bitcoin cash for payments. The team at Uquid has dubbed the market the “world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products.” Crypto Firm Launches Uquid Shop: 30,000 Digital Products The company Uquid launched in 2016 is one of the earliest cross-border digital services with a blockchain-friendly payment system. The startup was one of three blockchain-based companies to be selected…

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