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Craig Wright: Lightning Network Has a “Major Flaw That Will Be Discovered Next Year”

Self-proclaimed Bitcoin inventor Craig S. Wright, the entrepreneur behind nChain and a primary driving force of the Bitcoin Cash “Satoshi Vision” hard fork, said on live radio this week via Austin-based The Crypto Show that the Lightning Network project is “a joke” which has “a major flaw that will be discovered next year.” Wright’s full […]

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Busted: Indian Crypto Ponzi Scheme Lured Muslims With Halal Investment Promises

An Indian cryptocurrency Ponzi scheme masquerading as an investment company has crumbled in the aftermath of the Reserve Bank of India’s declaration of cryptocurrency as “illegal tender”. The Deccan Chronicle reported this week that Ambidant Marketing and Investment Company, run by father and son duo Syed Fareed and Syed Afaq Ahmed, used promises of Halal investments alongside misused Ulemas […]

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Bitcoin Price Bleeds to Low $6,300 as Investors Carefully Observe Market

Over the last 24 hours, the price of Bitcoin has fallen from around $6,400 to $6,300, recording two consecutive sell candles on its daily chart. Although the volume of Bitcoin remains above $4.4 billion, up more than 46 percent from earlier this month when the daily trading volume of the dominant cryptocurrency averaged at around […]

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Australian Celebrities See Fallout of ICO Boom: Cricket Captain Michael Clarke

A recent article by Colin Kruger in the Sydney Morning Herald profiles the story of Michael Clarke, a renowned cricket captain, and a failed ICO called Global Tech Exchange (https://gttrade.io). Global Tech was to be a cryptocurrency trading platform which had some elements of artificial intelligence and machine learning embedded in it. They were trying […]

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Op-Ed: UK Central Bank Holds Venezuela’s Gold Hostage – Bitcoin Users Unaffected

Venezuela, where bitcoin trading is at an all-time high and the socialist government has issued its own cryptocurrency amid record-breaking inflation and other economic woes, has been denied access to its own gold reserves by the Bank of England. The justification used for denying the country’s request to repatriate 14 tons of gold, worth about […]