A twitter post on January 29 promoted a website selling a so-called cure for coronavirus, accepting Bitcoin as payment. Scams such as this have proliferated as the global crisis escalates.
Scammers Selling False Hope & Asking for Bitcoin
The Russian-based website selling the fake cure has been deactivated. Screenshots show it offering the so-called vaccine in doses for up to three people. It claimed to be tied to the Australian National University in Canberra.
Although extensive research is underway, no cure or vaccine for COVID-19 presently exists. Nevertheless, it is not surprising that scammers would seek to exploit the current crisis by promoting hoaxes. Any so-called treatments sold online should be avoided. Some media personalities, such as Alex Jones, have been ordered to stop promoting supplements and alternative medicines that they have asserted will fight the disease.
Criminals are also attempting to profit by establishing fake charities and support organizations. Many seek donations via Bitcoin. Thus, any group claiming to provide relief during the current outbreak should be extensively researched. The Better Business Bureau has a website dedicated to this issue.
One safe way to donate is to choose a well-established organization such as the Red Cross. A drive by the Italian Red Cross has already raised thousands of Euros for coronavirus relief. Bitcoin donations to the International Red Cross can be made via BitPay.
Legitimate Projects Use Science And Real Data
There are a growing number of legitimate applications of bitcoin’s underlying technology blockchain under development that may help fight the coronavirus. One is Stanford University’s folding@home project, which now seeks help from bitcoin and crypto miners. For years volunteers have donated their computer’s unused cycles to this project for protein research. Folding@home is now setting up a version of this application for studying COVID-19 that can benefit greatly from access to GPUs.
Also, proposals to apply Blockchain technology to fight the virus has led to a number of collective initiatives. One is the Covidathon, an eight-week hackathon sponsored by SingularityNET and Ocean Protocol. Blockchain-based apps are also under development. Some seek to create anonymous interactive maps of infection hotspots that can provide immutable data for both health workers and the general public. Others promise to better manage the complex logistics of delivering desperately needed medical equipment.
Importantly, as the fight against COVID-19 grows, it will be increasingly important to draw a distinction between honest projects and those that seek to exploit the public by providing false hope.
We wish you stay safe amid this crisis and not fall prey to any such scams
Image via Shutterstock origin »
The recent slowdown in Bitcoin ETF selling isn’t driven by Trump’s crypto reserve plan but rather shifting market dynamics. Spot Bitcoin exchange-traded funds saw their largest outflows since launching in January 2024.
Bitcoin is trading below the $100K mark after enduring a volatile and turbulent week. The cryptocurrency faced extreme selling pressure last Sunday, dropping over 9% in less than 24 hours. Although Bitcoin managed a slight recovery on Monday, the selling pressure has persisted, leaving the market in a state of uncertainty.
Bitcoin faced a massive selling event yesterday as U. S. trade war fears triggered a sharp market-wide decline. The uncertainty surrounding global economic conditions caused panic selling, driving BTC and many altcoins significantly lower.
Bitcoin’s LTHs are distributing slower, signaling a potential shift in market sentiment
Historical trends suggest reduced LTH selling pressure often leads to upward price momentum
Bitcoin'The post Bitcoin holders clamp down on selling - Assessing its impact appeared first on AMBCrypto.
Long-term holders have started selling Bitcoin to short-term holders.
Social media sentiment and crypto market news remained quite positive.
Bitcoin's [BTC] historical data revealed significThe post Bitcoin LTHs start selling to STHs: Warning sign for BTC? appeared first on AMBCrypto.
Last Friday, Bitcoin saw a pause in selling after shedding a 12% loss in two weeks. It has been in a retracement mode for three days and is likely to resume selling as the price reaches a key breakdown level.
LTH supply as percentage of Bitcoin's total supply dropped from 80% to 73% in 2024.
The distribution-induced selling pressure was offset by ETF inflows.
After patiently accumulating during bThe post 73% and falling: Why Bitcoin's long-term holders are selling now appeared first on AMBCrypto.
According to blockchain intelligence firm Arkham, Grayscale's Bitcoin spot ETF, GBTC, is projected to exhaust its Bitcoin holdings in approximately 96 days at the current selling pace. The potential rThe post Grayscale's Bitcoin Selling Pressure Expected to Diminish Within 3 Months at Current Rate appeared first on AMBCrypto.
CryptoQuant predicts an imminent Bitcoin price correction due to high unrealized profits and potential selling pressure from miners, despite the cryptocurrency's recent rally and anticipation of a spot Bitcoin ETF.
On-chain data shows that Bitcoin miners have turned to selling recently, a sign that the asset’s price could be bearish. Bitcoin Miner Reserve Has Been On The Decline Recently As analyst James V.
Bitcoin miners play a pivotal role in the cryptocurrency ecosystem. They validate transactions, secure the network, and circulate new Bitcoins. Their behavior, especially in holding or selling mined coins, can provide insight into market sentiment and future price movements.
Bitcoin on-chain data hints that selling from the miners may have been behind the latest plunge in the asset’s price below the $28,000 mark. Bitcoin Miners Have Shown Signs Of Selling Recently As pointed out by an analyst in a CryptoQuant post, miners had been putting on some selling pressure on Bitcoin while the decline had happened.
On-chain data shows the Bitcoin Korea Premium Index has been displaying signs of selling pressure, something that could result in a pullback. Bitcoin Korea Premium Index Has Turned Red In Recent Days As pointed out by an analyst in a CryptoQuant post, the selling pressure has been rising in the sector recently.
While the correction phase in the cryptocurrency market might be unsettling news for some investors, it can also be viewed as a good buying opportunity. With the latest setbacks in the markets, cryptoThe post At what point does this analyst plan to start selling his Bitcoin appeared first on AMBCrypto.
Bitcoin on-chain data reveals that speculators and long-term holders have become increasingly confident of higher prices as their selling activity has slowed down significantly.
BTC price goes down to about $55,600 and Ether as low as $1,930 as 366,073 traders get liquidated for $2.02 billion. But the crypto market is already recovering the losses.
The post Bitcoin Takes A Dive & Altcoins’ Drop Hard, But People Are Still ‘HODLing and Not Selling’ first appeared on BitcoinExchangeGuide.
The price of Bitcoin recovered from yesterday's low of $17,650 to surge above $18,500. Currently, we are trading around $18,200 with $2. 7 billion in volume. However, it needs to be seen if the pain is over for now because miners have taken to selling a lot of their BTC today.
Despite the increasing institutional demand for Bitcoin, on-chain metrics show that whales have been offloading a significant number of tokens over the past few weeks. If the selling spree continues, BTC could drop nearly 30%.
One noteworthy crypto-commentator has said that Bitcoin whales might be selling to put down losses on their 2019 tax return. How plausible is this theory? The founding partner of Partner Adamant Capital, Tuur Demeester (@TuurDemeester), has brought forward an interesting idea: what if major players in Bitcoin are selling to avoid taxes? One argument for […]
The post Are Whales Selling Bitcoin to Put Down a Loss on Their 2019 Taxes? appeared first on BeInCrypto.
During a few months of 2014, Michell Espinoza sold Bitcoin to undercover agents related to the Miami Polic Department that was working with the US Secret Service. The individual did not know that he was selling he Bitcoin to these individuals.
The U. S. Securities and Exchange Commission (SEC) has agreed to settle charges with two startups that sold tokens through Initial Coin Offerings (ICOs) in 2017. The companies were charged by the SEC for running their ICOs after the regulator clearly defined such offerings as unlicensed securities in its DAO Report of Investigation.
Even without directly investing in cryptocurrencies, Nvidia was one of the biggest winners in 2017’s crypto boom. With last year’s soaring prices of digital currencies, the company’s GPUs were selling like hotcakes as crypto miners, who were busy building their mining rigs back then, snapped up stock worth $776 million in 2017 alone.
The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.
“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992.
Stock markets have made a significant recovery in the past week and cannabis stocks have been on a tear - attributed to the resignation of the notoriously anti-dope US Attorney General Jeff Sessions.
Cryptocurrency users are always looking for convenient solutions when dealing with exchanges. Unfortunately, there are numerous banks preventing users from buying or selling cryptocurrencies in this day and age.
On November 8, 2018, the SEC announced the conclusion of an investigation into the digital token trading platform EtherDelta. According to the financial authority, EtherDelta failed to register as a national securities exchange despite offering the buying and selling of security-like assets on a secondary market.
Bitcoin wallet giving away $125 million to encourage mass adoption Blockchain wallet, one of the most popular wallet projects in the world, has initiated a giveaway of $125 million worth of XLM to encourage mainstream adoption of cryptocurrency.
Bitcoin Cash has a hard fork coming up on November 15th. Poloniex is already offering options on the tokens – although they don’t even exist yet. The Hard Fork for Bitcoin Cash (BCH) is not due for a week (15 November) and yet Poloniex is already selling tokens for the new coins.
The first Bitcoin-backed loan has been issued to a Canadian company allowing cryptocurrency holders to liquify their assets without selling. Bitcoin Loan a ‘Game Changer’ Canadian company Ledn, has purportedly become the first and only local lender to issue Canadian dollar loans using Bitcoin as collateral, according to local media Wealth Professional.
HODL HODL, the multisignature cryptocurrency exchange, has announced the launch of OTC trading thanks to a partnership from EU-licensed crypto broker Tenbagger. The announcement foresees the development of crypto trading that will allow matching, guiding parties, and selling of Bitcoins within a same day settlement period.
One of the main selling points of decentralized exchanges (DEXs) is that tokens can be traded almost instantly. There’s no lengthy sign-up process and no interminable wait for know your customer (KYC) checks to be performed.
Major tech companies have received increased scrutiny in 2018, especially when it comes to how they’re handling user data. Internet users are becoming turned off by how much Facebook and Google know about them, and Apple has taken the opportunity to remind everyone they’re more interested in selling hardware than tracking your online activity.
Selling bitcoins in New York is harder than getting a ticket to the Oscars, but a Texan crypto company has just scored a seat. Coinsource, a leading operator of Bitcoin ATMs, has finally secured regulatory approval to buy and sell crypto for fiat, according to an announcement from the New York Department of Financial Services […]
The post Bitcoin ATM Operator Now Licensed For NY appeared first on Crypto Briefing.
Paxful Inc. , a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U. S. -based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64.
Global multi-asset trading platform eToro recently announced that it had added Binance Coin (BNB) to its platform. The native token of the largest crypto exchange in the world, Binance, has become the 13th cryptocurrency to be added to the platform.
The founder of Oyster Protocol, a cryptocurrency project which raised a modest 3,000 ETH in November 2017, has gone missing after an alleged “exit scam” which saw them print four million PRL tokens and disappear from all social media, as per an official tweet on October 30, 2018.
A LocalBitcoins seller pleaded guilty of operating an illegal money transfer business in a Southern California federal court earlier today. The defendant admitted to buying thousands of Bitcoin over a 16-month period and selling them through the popular peer-to-peer marketplace without the correct licence to do so.
An American man has fessed up in front of federal court judges, pleading guilty for operating an “unlicensed money transmitting business. ” A Department of Justics (DoJ) published a press release yesterday that details how Jacob Burrell Campos has been selling “hundres of thousands of dollars in Bitcoin to over 1,000 customers” across the United States.
Bitfury, one of the largest non-Chinese cryptocurrency mining companies, is reportedly eyeing an Initial Public Offering (IPO) to become the very first major public listing within the cryptocurrency industry on the old continent.
With the number of cryptocurrencies on the market, it was only a matter of time before someone released a trending COVID-19 themed token. Covid Slice is precisely that, a BEP-20 token on the Binance Smart Chain that’s looking to capitalize on the COVID pandemic with their play-to-earn and Web3 enabled blockchain game.
Биткоин завершает неделю отступлением, BTC подешевел до $47 964 в пятницу, 10 декабря. Капитализация ведущей цифровой валюты упала за последние семь дней более чем на 15% до $902,595 млрд. Весь крипторынок сегодня также погрузился в красную зону после на фоне распродаж, возобновившихся после слушаний в Конгрессе по поводу регулирования блокчейн-индустрии.
The news of the latest COVID variant is invoking a fresh wave of FUD among investors, with Bitcoin crashing down to $54k, and markets across the board slipping into the red. Bitcoin Plunges To $54k As News Of COVID Variant Emerges Financial markets are moving into the red on Friday as news of a new COVID variant makes investors around the world worried.
Bitcoin trading signals can come from anywhere. It could range from just looking at charts to looking at how people react towards the purchase of certain assets. With the pandemic sending most of the world into lockdown, COVID-19 has now made its way into being a trading signal.
В четверг во время американской сессии цена биткоина упала чуть ниже $45 000. Это движение было усилено потерей 200-дневной простой скользящей средней (SMA), однако быки довольно быстро мобилизовались и потянули BTC вверх.
Пандемия COVID-19 заставила многие государства ускорить работу по созданию национальной цифровой валюты (CBDC). В исследовании компании Guardtime отмечается, что деятельность центробанков по запуску своих токенов ускорилась примерно на пять лет.
