Bitcoin Drops to $10,000 in Recent Downtrend

Bitcoin has fallen to $10,000, the latest low in an ongoing slump this week. Despite exceeding $12,000 several times this month, Bitcoin (BTC) has slumped back to $10,000 in a recent downtrend. The number one cryptocurrency last traded below $10,000 on July 31. A little earlier this month, experts were optimistic about Bitcoin continuing its rally, citing geopolitical tensions — particularly the ongoing United States-China trade war — as a reason for its possibly continuing success. Galaxy Digital CEO Mike Novogratz commented on Aug. 5 about this possibility, saying: “With…

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Alcor Life Extension Foundation Now Accepts Bitcoin Cash Donations

Alcor Life Extension Foundation has revealed the company is accepting bitcoin cash (BCH) donations. Alcor was convinced by Bitcoin.com’s executive chairman Roger Ver to add BCH acceptance, the same person who convinced Alcor to accept BTC payments via Bitpay back in 2014. The nonprofit organization is well known for its cryonics research and practices as the company has a strong relationship with cryptocurrency advocates. Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain Alcor Foundation Convinced to Accept Bitcoin Cash Donations The Alcor Life Extension Foundation…

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Walmart Files Patent for Blockchain-Based Drone Communication System

Walmart has filed a patent for a drone communications system, in which drones could share and encrypto info using blockchain technology. American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology.  Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is subsequently passed to another drone, which decrypts, reads and then configures to those parameters.…

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Researchers Find Monero Mining Malware That Hides From Task Manager

A cybersecurity firm has discovered a new strain of Monero mining malware, which contains code that hides the miner from Task Manager. Cybersecurity company Varonis has discovered a new cryptojacking virus, dubbed “Norman,” that aims to mine the cryptocurrency Monero (XMR) and evade detection.  Varonis published a report about Norman on Aug.14. According to the report, Varonis found Norman as one of many cryptojacking viruses deployed in an attack that infected machines at a mid-size company.  Hackers and cybercriminals deploy cryptojacking hardware to use the computing power of unsuspecting users’…

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Terra Stablecoin Alliance Adds South Korean Music Streaming Platform

South Korean music streaming platform Bugs has joined the blockchain-oriented Terra Alliance e-commerce ecosystem. Blockchain payment system and stablecoin issuer Terra has added South Korean music streaming platform Bugs to its e-commerce alliance.  As CoinDesk reported Aug. 14, there are now 25 partners in the Singapore-based company’s South Korea-focused payment ecosystem. The Terra Alliance uses payment solutions provider CHAI as its front-end. CHAI incorporates a mobile payments app which connects to 15 major local banks. Terra’s blockchain-based platform then sits in the background, linking payments to e-commerce sites. Terra co-founder…

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US Financial Regulators Reach $7M Settlement Over PlexCorps ICO

The U.S. SEC has reached a settlement agreement with entities alleged to have broken securities laws in an ICO that netted over $8 million. The United States Securities and Exchange Commission (SEC) has reached a multi-million dollar settlement with PlexCorps owner Dominique Lacroix, business partner Sabrina Paradis-Royer and PlexCorps over an allegedly fraudulent initial coin offering (ICO). The SEC submitted its settlement agreement to a U.S. District Court in Brooklyn on Aug. 12. According to the filing, the defendants will collectively be fined nearly $7 million as part of the…

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Price Analysis 14/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Bitcoin has broken down of a tight range. Will it weaken sentiment and drag a few major altcoins to new yearly lows? Let’s analyze the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Nicholas Colas, co-founder of DataTrek Research, believes that the performance of Bitcoin in the past few days shows that…

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Argentina’s Peso Collapse Shows Governments Shouldn’t Control Money

Whenever bitcoin experiences a sharp drop or volatility, mainstream media analysts jump to declare that cryptocurrency isn’t stable enough to be considered money. The double-digit crash of the Argentine peso in one day, simply due to an election in the country, can be said to prove the same about fiat. Also Read: Big Banks Enabled Jeffrey Epstein’s Sex Trafficking Crimes Vote Sends Peso Into Free Fall On Monday Argentina’s peso currency dropped over 30% in value to a record low of 65 pesos per 1 U.S. dollar. The country’s central…

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