Craig Wright Threatened to Crash The Bitcoin Price … So What Happened?

There are many halving predictions yet to come true — among them Satoshi claimant Dr Craig Wright’s ‘long term advance notice’ from 2018 that he intended to crash the Bitcoin price. The warning emerged from a Slack group that Wright uses to communicate with his acolytes, and his dastardly scheme makes fascinating reading. Dismissed at the time Wright’s sell-off threat came just prior to the much-hyped fork of the Bitcoin Cash blockchain to create Bitcoin SV. Although there were some true believers who clearly relished the prospect of these events…

Bearish for Bitcoin: S&P 500 Flashes Fundamental And Technical Warning Signs

Since the lows that were experienced in March, both Bitcoin and the S&P 500 have been on a steep recovery. The leading cryptocurrency peaked at over 170% from the price of the March lows, while the S&P 500 gained from ~2,150 points to a recent high of 2,950 in dramatic fashion. Assets around the world have been rallying on optimism regarding the reopening of the global economy as the spread of COVID-19 slows. But there are technical and fundamental signs that the rally may be unfounded. For instance, while the…

Key Bitcoin Price Metric Shows Drop in Investor Fear After BTC Halving

Recent data from Skew shows that Bitcoin’s (BTC) implied volatility plummeted after yesterday’s halving occurred. Generally, volatility is at the heart of any professional trader as it measures daily average price oscillations and gives insight into market conditions.  As previously reported by Cointelegraph, Bitcoin’s halving event tends to increase volatility due to its significant uncertainties. Traders anticipated that the price would either rally or dump during and after the event, thus the short term spike. At the time of writing the metric has gone back to previous levels. Uncertainties can…

Privacy Indifference is Conditioned, Zcash Company Says

While thousands of companies and entities look to grab people’s data for various reasons, the commonly stated idea that folks don’t care about privacy is untrue, according to the Electric Coin Company, the entity behind privacy-focused crypto asset Zcash.   Citing inconvenience and other excuses, some people claim they do not care about privacy, Electric Coin Company Product marketing staff Elena Giralt said in a presentation at CoinDesk’s digital Consensus 2020 conference. She added, however: If you take a step back, it’s helpful to understand that billions and billions of dollars…

Metal Pay’s New Blockchain Allows Bank and Payment Platform Integration

Proton, a new delegated proof-of-stake blockchain from crypto payment solution Metal Pay, allows digital asset and fund transfers across multiple channels.  “It’s a Blockchain that’s integrated into your bank,” Metal Pay CEO Marshall Hayner told Cointelegraph. “It’s a universal network for payments.” As long as payment platforms integrate the Proton blockchain, customers can send payments across non-native platforms, according to Hayner.  Proton allows compatibility across platforms At present, aside from Metal Pay, payment platforms often run as siloed entities, facing difficulties when users want to interact across services. If, for…

Communication and Education Are Key To Building Trust in Crypto

Open communication on the downsides, benefits, and educational programs could help to increase trust in cryptos and create a positive outlook towards technologies such as blockchain. Those were the findings in Edelman’s study published on May 12. The global communications firm concluded that the more people know about crypto, the more they see the potential for the positive impact they can have. The report says that 35% of people surveyed believe that blockchain and cryptocurrencies like Bitcoin (BTC) could have a positive effect as emerging technologies. Widespread lack of communication?…

Bitcoin Network Is at Peak Health Post-Halving, Report Shows

A recent report from Glassnode indicates that Bitcoin (BTC) network health is close to its maximum despite the recent halving of miner rewards. On-chain BTC Index The company has recently introduced its on-chain BTC Index (GNI) that captures a number of key on-chain metrics and combines them into easily digestible charts and numbers.  Source: Glassnode The GNI has decreased from 76 points to 74 points since last week.  However, one of the key metrics, ‘Network Health,’ which combines network growth and network activity, has jumped 6 points, from 88 to…

Austrian Government-Backed Project Will Use Blockchain to Find Waste Heat Spots

An Austrian project is set to use blockchain to help find waste heat hotspots in the cities of Vienna and Graz.  Launched by the Austrian Institute of Technology (AIT) on May 12, HotCity is creating a gamification system to crowdsource hotspots around the city and channel them to provide public heating. The platform will use the Ignis blockchain, part of the Ardor ecosystem developed by Swiss company Jelurida. Sustainability in Austrian cities Vienna hosts one of Europe’s largest district heating networks, which provides hot water through centralized heating lines in…

New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool

New China-based mining pool Lubian accounts for 5.15% of the total Bitcoin (BTC) hash rate, just three weeks after processing its first block. The pool was originally spotted by BlockBeats, a Chinese blockchain news outlet, on May 12.  Lubian is currently the sixth-largest mining pool, with a 6.30 EH/s hash rate, data obtained from btc.com shows. The operation first surfaced on April 24, when it found block #627,441. According to Dovey Wan, Primitive Ventures’ founding partner and industry commentator, Lubian could be an ex-private pool that has recently gone public.…

UN Paves Path for Sustainability in Seafood Industry Using Blockchain

Blockchain has become one of the most discussed technologies in relation to supply chain management, given its ability to provide transparency and traceability within a number of value chains. The Food and Agriculture Organization of the United Nations recently published a report titled “Blockchain Application in Seafood Value Chains” to raise governmental and international awareness on the role of blockchain in the seafood industry. Key points highlighted throughout the document point to regulatory concerns that arise with global trade, appropriate use cases for blockchain and challenges — such as scalability…