Roger Ver Trashes Bitcoin.​com Coronavirus Layoff Claims as ‘More Bcash FUD’

CEO of Bitcoin.​com Roger Ver has swiped away claims that he laid off 50% of his staff, labeling the news “more Bcash FUD”. Bitcoin.com executive chairman Roger Ver has brushed aside assertions that his website laid off 50% of its workforce, labeling the claims “more Bcash FUD.” Several cryptocurrency news outlets reported the layoff news after a post appeared on Candor, a site that purports to list jobs lost in response to the coronavirus.  Problems with Candor’s methods However, Candor’s list is entirely user-generated, meaning anyone can list job layoff statistics…

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Major Chinese Mining Pool Drops out of BTC Mining Race, Looking to Altcoins

Baite, formerly one of the top Chinese mining pools, has dropped out of the BTC mining race in favor of altcoins. Although the Bitcoin hashrate has increased 33% in the last 48 hours the mining industry still faces uncertainties. This has left Baite mining pool, one of the top Chinese pools with no choice but dropping out of the mining race.  According to local blockchain media on April 6, Chinese mining company Valarhash’s Baite mining pool hash rate decreased significantly from 4000 to 200 petahashes per second earlier in March.…

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Kraken Appoints SAFT Architect Marco Santori as Chief Legal Officer

Santori joins to the Kraken’s legal team with broad experience in working on legal frameworks for the crypto industry, including SAFT. The U.S. based crypto exchange Kraken has appointed Marco Santori as the company’s new chief legal officer (CLO), according to an announcement shared with Cointelegraph on April 6th. Santori’s background in crypto law Santori is known for his work in litigating, advising and creating new laws in the crypto industry. Among his professional experience, Kraken’s new CLO worked for Blockchain.com as President, in addition to being part of the…

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Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market

Bulls take control of the market by breaching $7,300 but as $8,000 approaches what is next for Bitcoin price? Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300.  Looking at performance relative to its peers, Ether (ETH) and EOS have posted an impressive 16% gain over the last 24 hours. As a result, Bitcoin dominance is down 1.5% at 65%. Crypto market daily price chart. Source: Coin360 The…

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Most of China’s DLT Firms That Closed in 2019 Were Scams or Poorly Planned

Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had a lacking business model, according to recent research. Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research. Research sent to Cointelegraph by Chinese market research firm EqualOcean on March 26 suggests that most blockchain-backed Chinese businesses that halted their activity last year had major flaws. Short-lived companies The report found over 70 blockchain projects that shut their doors last year. Among them over 70%…

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Tezos Co-Founder Hints That Her Trading Card Game Will Use Alternative Blockchain

Tezos co-founder Kathleen Breitman suggested in a Reddit post the possibility of not using Tezos’ blockchain for her new trading card game. Tezos co-founder Kathleen Breitman has left open the possibility that her trading card game Emergents may not be built on the company’s blockchain, according to statements made on April 5. According to the Reddit post, Kathleen pointed out that Emergents might not be using Tezos blockchain technology, saying she had not yet decided on the platform she will use in the game. In a comment left on the…

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Nestlé Rises to DLT Challenge, Expands IBM Food Trust Blockchain Tool to Coffee

Nestlé, the world’s biggest food and beverage firm, expands its long-running IBM Food Trust blockchain technology platform to its coffee brand Zoégas. Global implementation of blockchain technology in the food industry continues to grow as the world’s biggest food and beverage company, Nestlé, doesn’t put its blockchain efforts on hold. On April 6, Nestlé announced that the company is expanding its long-running IBM Food Trust blockchain technology platform to its coffee brand Zoégas. Getting all necessary coffee info from blockchain database  With this new implementation, Zoégas coffee lovers will now…

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Price Analysis April 6: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Many major cryptocurrencies are breaking out of their critical overhead resistance levels and it seems the uptrend is likely to continue for the next few days. During a crisis, the first thing panic-stricken investors do is to sell almost every asset class they perceive is likely to go down. However, after the panic settles down, the bottom fishers step in and start buying the assets that show value. We have seen both of these phases play out for cryptocurrencies. The sharp selloff on March 12 was a good example of…

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Ethereum Creator Picks Two Worst Bull and Bear BTC Predictions Ever Made

Vitalik Buterin, the creator of Ethereum, outlines how important it is to remember massively off-the-mark BTC price predictions from McAfee and Dr. Doom. As the world’s biggest cryptocurrency, Bitcoin (BTC) is highly volatile, once surging from $1,000 to $20,000 in the span of just over a year. The coin has become the subject of infinite price predictions. Both optimistic and negative, some of these predictions have turned out to be extremely inaccurate. Vitalik Buterin, the well-known co-creator of the Ethereum network and its native cryptocurrency Ether (ETH), highlighted the two…

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Rune Christensen: ‘Our Job Is to Support Whatever the Maker Community Decides’

MakerDAO founder Rune Christensen talks Black Thursday and the foundation’s mysterious radio silence on the matter. As the dust begins to settle over MakerDAO’s Black Thursday incident, the team is now returning to a normal working pace. We took the opportunity to catch up with Rune Christensen, one of the original founders of the protocol, for a full recap of the situation and what it means for Maker (MKR).  Christensen had been oddly quiet as the events were unfolding, never joining any forum discussion or issuing comments to the media…

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