A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless “$Few” tokens had been hatched. $Few tokens would be airdropped The post Defi Token Exposed as Pump and Dump Scam in Leaked Telegram Chat  appeared first on Bitcoin News.

During the last seven days, Grayscale Investments purchased 17,100 BTC or $182 million worth of bitcoin using today’s exchange rates. The company’s bitcoin position is now close to 450,000 BTC worth roughly $4.7 billion. The Grayscale Bitcoin Trust (GBTC) is a very popular investment vehicle and in 2020 the trust has obtained a massive amount The post Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days appeared first on Bitcoin News.

Galaxy Digital CEO Michael Novogratz explains why it is a dangerous time to be in the stock market right now, leading up to the U.S. presidential election. While bearish on the dollar, Novogratz is bullish on bitcoin and gold but thinks that bitcoin has more upside than gold. Dangerous Time to Be in Stock Market, The post Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold appeared first on Bitcoin News.

A new stimulus package costing about $2.4 trillion is being prepared in the U.S. that includes a second round of stimulus checks for Americans. Since the first coronavirus stimulus package was signed into law, talks of further relief aid have stalled. This new proposal aims to restart the stimulus package discussion. Nancy Pelosi Plans to The post $2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to Americans appeared first on Bitcoin News.

Since the recent Kucoin hack, the crypto community has been waiting for the hacker to move funds. During the early morning hours (ET) on Sunday, a number of people noticed the Kucoin hacker started to move a large amount of ERC20 tokens to connect with the decentralized exchange (dex) Uniswap. The cryptocurrency exchange Kucoin was The post Kucoin Hacker Leverages Uniswap to Dump Vast Number of ERC20 Tokens appeared first on Bitcoin News.

On September 25, the creators of the decentralized marketplace, Openbazaar, announced that unless the project can gather community funding, the supporting services like seed nodes and the API wallet will shut down. The firm behind the project, OB1 is also removing the Haven app from the iOS App Store and Google Play on October 1. The post Crypto-Fueled Market Openbazaar to Close Shop Unless OB1 Raises Community Funding appeared first on Bitcoin News.

The cryptocurrency revolution steadily marches on. While it has yet to completely reshape the financial and other systems of everyday life, crypto acquisition and usage grow yearly. There is so much to love about cryptocurrency. From its decentralized and democratic nature to the higher levels of security it can provide through the blockchain, crypto is The post Cryptojacking: A Rising Threat to All Internet Users appeared first on Bitcoin News.

The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply, and the majority of the coins are The post Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On appeared first on Bitcoin News.

On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry Digital LLC. Microbt’s Whatsminer mining rigs have become popular during the last The post Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory appeared first on Bitcoin News.

Russia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing the circulation of cryptocurrency in Russia to interested The post Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings appeared first on Bitcoin News.

Hal Finney battled ALS until his death on August 28, 2014. Six years later, we’re working with the Bitcoin community to continue that fight. The post Our Hero Hal: Fundraising For A Bitcoin Visionary appeared first on Bitcoin Magazine.

The revelation that the world’s foremost financial institutions have been willfully laundering criminal money reminds us that Bitcoin has an unearned reputation. The post FinCEN Files Remind Us That Bitcoin Is Still Not For Money Laundering appeared first on Bitcoin Magazine.

With some of its highest hash rates ever, the Bitcoin mining industry has weathered a harsh 2020 and increasingly moved away from China. The post The Sun Never Sets On Bitcoin Mining: Decentralization Continues As China Flounders appeared first on Bitcoin Magazine.

Unchained Capital, an Austin-based financial services firm, has announced its new enterprise-grade self-custody offering, aptly named “Business Accounts for Bitcoin.” The post Unchained Capital Unveils New Ways For Businesses To Custody BTC appeared first on Bitcoin Magazine.

With Discreet Log Contracts (DLCs) now active on Bitcoin’s mainnet, the potential for smart contract functionality is massive. The post DLCs Are On Bitcoin, Bringing New Functionality And Major Potential appeared first on Bitcoin Magazine.

Bitcoin Association of Hong Kong is using donations for advertisements that feature informative statements highlighting “the risks and merits of Bitcoin”. The post Community-Funded Bitcoin Awareness Campaign Unveiled in Hong Kong appeared first on Bitcoin Magazine.

Square, the payments company with a penchant for Bitcoin and open-source development, has launched a membership organization to curb stifling patents. The post Square Launches Cryptocurrency Open Patent Alliance To Protect Innovation appeared first on Bitcoin Magazine.

Every month, Bitcoin Magazine puts together a short recap of this months events as told through the best links from Bitcoin Reddit. Check out our August 2020 roundup! The post Bitcoin Reddit Roundup – August 2020 appeared first on Bitcoin Magazine.

Being a Bitcoiner is as simple as owning any amount of BTC. But as you go further down the rabbit hole, you’ll be eager to get your hands on everything that can help you Bitcoin better. The post The Top 5 Products That Every Bitcoiner Needs appeared first on Bitcoin Magazine.

This week, the Lightning Network set a new record that demonstrates its growing popularity and utility. The post With TVL At New Record, The Lightning Network’s Time Has Come appeared first on Bitcoin Magazine.

Promoted: Leading blockchain asset management platform Invictus Capital has announced its latest fund to offer exposure to BTC. The post Invictus Capital Introduces Bitcoin Alpha Fund With Downside Protection For Investors appeared first on Bitcoin Magazine.

Pioneering cryptographer Hal Finney saw the need for an untraceable form of digital cash, and his work ultimately fostered the creation of Bitcoin. The post The Genesis Files: How Hal Finney’s Quest For Digital Cash Led To RPOW (And More) appeared first on Bitcoin Magazine.

Bitcoin is growing into the internet’s native monetary layer, functioning as a suite of public network protocols with undeniably scarce units of value. The post A Monetary Layer For The Internet appeared first on Bitcoin Magazine.

The IRS is sending letters to bitcoin investors again, warning them about potential misreporting and, according to its own watchdog, violating their rights. The post Do The IRS Crypto Tax Letters Violate Taxpayer Rights? appeared first on Bitcoin Magazine.

The founder and CEO of Blockware Solutions battled leukemia for seven years. He’ll be remembered for his knowledge, leadership and generosity. The post Mathew D’Souza, Bitcoin Pioneer, Dies At 29 appeared first on Bitcoin Magazine.