Bitcoin Basher Peter Schiff Destroyed by Crypto Twitter for Fake News

Bitcoin basher Peter Schiff, an avowed gold bug, got dragged on Twitter after spouting a false claim about the bitcoin price. | Source: AP Photo / Mark Lennihan Gold bug Peter Schiff got dragged on Twitter after spouting false information about bitcoin. Schiff incorrectly claimed that BTC prices have plunged 15% since June 19. By comparison, Schiff gloated that gold prices have spiked 10% during the same period. Instead of dropping, Schiff said the bitcoin price should have climbed due to a combination of “favorable press, weakness in global currency and…

Bitcoin News Summary – July 29, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  St. Louis Federal Reserve President, James Bullard, remarked that the US is headed towards a non-uniform currency, with crypto competing with the Dollar. Bullard further said that crypto tackles an “important social problem.” Bakkt, the forthcoming institutional crypto exchange run by Intercontinental Exchange and partnered with Microsoft and Starbucks, opened its Bitcoin futures platform to user testing this week. Bakkt has been plagued by delay imposed by regulatory compliance. It’s unknown at this point when Bakkt will officially launch.…

The New York Times Using Hyperledger Fabric to Fight Fake News

The paper of record, The New York Times (NYT), is using the Hyperledger Fabric permissioned blockchain to guarantee the provenance of digital files. According to a new website for NYT’s News Provenance Project, the newspaper will use blockchain technology to fight misinformation in the media. The project’s purported aim is to provide a platform that is widely applicable to variously-sized publications. Blockchain technology will purportedly aid the project in recording metadata about video and audio recordings that are published by news organizations. The New Provenance Project is currently in its…

New York Times Confirms It’s Using Blockchain to Combat Fake News

The New York Times Company has revealed new details relating to its ongoing blockchain publishing experiments first revealed by CoinDesk in March. Published Tuesday, a new website for the publisher’s News Provenance Project explains how the storied newspaper’s Research and Development team plans to use Hyperledger Fabric’s permissioned blockchain to authenticate news photographs in partnership with IBM Garage, the tech giant’s accelerator program. The project aims to combat misinformation and adulterated media, which it argues harms small and large publishers alike. “News consumers [who] are deceived and confused…eventually become fatigued and apathetic…

Bitcoin News Summary – July 23, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Major US bank, Wells Fargo, will no longer allow its customers to purchase Bitcoin with their own funds. Specifically, the bank responded to a customer complaint on Twitter that ‘they do not allow transactions involving cryptocurrency.’ Last year, Wells Fargo banned the purchase of cryptocurrencies using its credit cards, claiming they are too risky of an asset. Wells Fargo’s policy runs contrary to the trend of increasing crypto acceptance and integration by banks. Leading digital currency asset manager, Grayscale…

3 Reasons Why Bitcoin Price Could Nosedive Below $7,500 News

Bitcoin has suffered a significant setback after dropping in rates by approximately $2000 in the last 48 hours. The bitcoin-to-dollar exchange rate on Wednesday established a fresh lower low of $9,071, down 3.8 percent from the market open. The move downhill erased almost a quarter of bitcoin’s value in the last seven days, marking an end to a prolonged upside action that started during the first quarter of 2019. Bitcoin Price drops over $2000 in two days. | Source: TradingView The latest move the downside appeared after the head of…

Bitcoin News Summary – July 15, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  The Fold mobile app, which allowed discounted Starbucks purchases for Bitcoin is now back with Lightning Network support. Fold now allows for almost-feeless purchases at Amazon, Starbucks, Uber, Home Depot, Target, and more.  Bitcoin got its first mention by a sitting US president. Trump tweeted that he is “not a fan” of Bitcoin, claiming that it’s volatile, un-backed, and can enable crime. He then bashed Facebook’s forthcoming “Libra” coin, saying the company will have to seek a banking charter…

Crypto News Today | Poloniex Now Accepts Cards, Will Gemini Join Libra?

The cryptocurrency sphere is bustling today. Crypto news regarding Poloniex is causing a stir. The exchange will now accepts credit cards and bank accounts. Elsewhere, prominent crypto-advocates the Winklevoss twins, along with their Gemini exchange, might be buddying up with Facebook’s Libra. Let’s check this out. Crypto News Making Moves Major cryptocurrency exchange Poloniex has announced that customers can now use credit cards and bank accounts on the platform. It announced the move in a Medium post published yesterday. The release states that users from over 80 countries can now…

Bitcoin News Summary – July 8, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  eToroX, the specialized blockchain division of social trading platform eToro, has announced the launch of the first five of 120 ERC-20 tokens. ERC-20 is a technical standard that sets rules for tokens launched on the Ethereum or related blockchains. The new tokens include two eToro stablecoins and three crypto assets: Maker, Basic Attention Token and OmiseGO. South Korea’s Shinhan Bank will impose stricter rules and monitoring on bank accounts related to any crypto trading. A string of hacks and…

Major Chinese Financial News Provider Quietly Adds Crypto Index

Sina Finance, a finance-focused website owned by China’s major tech company Sina Corp, has added crypto index into its mobile app, China-focused online Twitter resource Cnledger reported on July 3. The new index on China’s major financial news channel provides data on prices and performance of major cryptocurrencies such as bitcoin (BTC), bitcoin cash (BCH), litecoin (LTC), XRP, and ether (ETH), according to a mobile app screenshot provided by Cnledger. Screenshot of Sina Finance’s Crypto Index on Mobile. Source: Cnledger The new crypto index is only available on the Sina…