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Indian prime minister the latest victim of crypto scam Twitter hack
Hackers took over one of the Twitter accounts linked to Indian Prime Minister Narendra Modi and posted messages asking his followers to make crypto donations. According to a report from news outlet India Today, Modi's Twitter account narendramodi_in, which is associated with his personal website and mobile app, was targeted by a group of hackers operating under the alias ‘John Wick.’ Several Tweets were posted on Sept. 2 telling the prime minister’s 2.5 million followers to ”donate generously to PM National Relief Fund for Covid-19.” At least two wallet addresses for Bitcoin (BTC) and Ethereum (ETH) were visible for some …
Technology / Sept. 3, 2020
Wealthy Bitcoin critic Peter Schiff is soliciting BTC birthday gifts for his son
Peter Schiff, a popular mainstream financial commentator and gold advocate, recently told people to send Bitcoin (BTC) to his 18-year-old son. "Since so many of you Bitcoin guys are ribbing me because my son [Spencer Schiff] bought Bitcoin, why not really rub it in by gifting him some as a belated birthday present," Schiff said in an Aug. 27 tweet. "He turned 18 yesterday," Schiff noted. "He won't lose his," he said, posting his son's wallet address. Schiff's tweet points toward an event from earlier in 2020, when the gold aficionado admittedly lost his Bitcoin storage access. “I knew owning …
Bitcoin / Aug. 27, 2020
The frontrunner in the 'World Series of Trading' is up 4000% so far
A trader has managed to secure over 4,000% profit in less than three weeks as part of the World Series of Trading, or WSOT — a competition hosted by leverage crypto trading exchange, Bybit. Using his Twitter name for the competition, SalsaTekila appears on the WSOT troop leaderboard, advancing his team forward with 4,495.95% profit. The trader started the competition trading with just 0.19 Bitcoin (BTC), but has managed to turn that into about 8.76 BTC over the course of the competition. The trader jumped on Tone Vays' YouTube channel on Aug. 25 to talk about the competition, revealing his …
Bitcoin / Aug. 26, 2020
John McAfee clarifies he is still part of Ghost’s ecosystem
Several days ago, technology pioneer and crypto advocate John McAfee departed his own privacy-focused asset, Ghost. He has since clarified, however, that he did not leave the endeavor entirely. "I have not abandoned the Ghost privacy ecosystem, only the GHOST privacy coin," McAfee told Cointelegraph in an email following his exit. "The ecosystem is centered on our Ghost cell phone service," he explained, noting that the service will continue. McAfee seemingly left the endeavor in a huff on Aug. 19, stating "I am abandoning the the Ghost project" His tweet cited inept management and forecast the project's doom. McAfee explained …
Altcoin / Aug. 25, 2020
Revealed: Twitter Habits of the Crypto Elite
Many crypto heavyweights use Twitter as their primary tool for sharing information (or even misinformation) about their own projects or other interesting subjects. Some of them even consider Twitter engagement their most important performance indicator. We decided to put the Twitter habits of the crypto elite under a microscope to get a better sense of how they actually engage with the popular social media platform. Android, Apple or Web? For our analysis, we picked 13 crypto entrepreneurs (we measured each Winklevoss twin’s habits independently). To make our list, the subjects had to be actively running a crypto business and command …
Blockchain / Aug. 22, 2020
Barstool Sports Founder Unprepared for Bitcoin, Exits After $25K Loss
After recently entering the crypto space, Barstool Sports founder turned stock trader, Dave Portnoy, seems as though he is not quite ready for Bitcoin (BTC) trading yet. "I'm getting killed right now in Bitcoin," Portnoy said in an Aug. 21 video posted on Twitter. "It took me months to figure out the stock market, I admit that," he said. "I went in, I lost money — that's what's happening in Bitcoin," he added, noting his unwillingness to mess around with the asset to figure it out, stating a lack of available time. Portnoy also went on to call Chainlink (LINK) …
Bitcoin / Aug. 21, 2020
A Critical Mass Of Long-Term BTC HODLers Seem To Be Making $100k Inevitable
Determining Bitcoin's (BTC) value can be more complicated than simply looking at its current market price. "Most Bitcoins already cost at least $100,000, but probably more like $10 million," said Michael Goldstein, also known as Bitstein, in an Aug. 17 tweet. While Bitcoin sits around $12,000 at press time, many folks in the crypto industry likely value the asset at a much higher price tag. If someone buys a BTC at $10,000, but is unwilling to sell it until the asset reaches $100,000, then the price tag of that Bitcoin is naturally much higher than its current market value. This …
Bitcoin / Aug. 18, 2020
Dave Portnoy Says He’ll Be a Crypto Millionaire by September
Barstool Sports founder Dave Portnoy, a fresh player in the crypto trading arena, recently estimated that he will receive millions of dollars in upcoming Bitcoin (BTC) trading profits. "I'm up 100 grand in Bitcoin — in a week," he said, noting positions in Ethereum and other crypto assets as part of an Aug. 17 video posted on Twitter. "I'm up like $98,000 in Bitcoin — not bad," he added. "At this rate, I'll make like a million dollars a month in Bitcoin." Portnoy has made a name for himself in 2020 as a popular live-streaming stock trader on Twitter, calling …
Bitcoin / Aug. 18, 2020
Dave Portnoy Has Taken a 180 On Crypto & Begun Shilling Altcoins
Following his recent educational foray into the world of Blockchain, Barstool Sports founder Dave Portnoy now appears to be promoting crypto pump and dump schemes by shilling low-cap altcoins. Posting a number of videos on Twitter, Portnoy stated that he had found a new altcoin “that I’m interested in,” but wouldn’t disclose which crypto it was yet. He reasoned that he didn’t want people to buy it before he did. He later tweeted that he had diversified some of his crypto holdings into the altcoin Orchid, which he referred to as “the shitcoin OXT,” adding that Orchids “never die.” Portnoy …
Altcoin / Aug. 17, 2020
Barstool's Dave Portnoy Hosts Winklevoss Twins For BTC Talk
Barstool Sports founder, Dave Portnoy, posted a video of his meeting with Gemini exchange founders, Tyler and Cameron Winklevoss, on Twitter. Portnoy, also known as Davey Day Trader on Twitter for his stock trading antics, recently invited the Winklevoss twins over to his house to teach him about Bitcoin, via an Aug. 4 tweet. After briefing Portnoy on the basics, the twins guided the Twitter trader through a few purchases on Gemini, using the $250,000 he statedly sent to the exchange before their arrival. The trio even discussed Chainlink (LINK) after Portnoy inquired about the asset. Following his fresh crypto …
Bitcoin / Aug. 13, 2020
Yam Suffers Technical Outage Following Scam Accusations
Yam finance (YAM), the latest fad in the crypto space, recently warned the public of a technical bug affecting the ecosystem. "We have found a bug in the rebasing contract," the project said in an Aug. 12 tweet. "All funds in staking contract are safe, as this is an unrelated part of the protocol," the project added, also noting participants' Yam token holdings remain unaltered. As the decentralized finance, or DeFi, crypto boom continues, something called yield farming has come into the spotlight. Yield farming is essentially the latest passive income fad in crypto. Yam has risen to the top …
Technology / Aug. 12, 2020
Lawyer to File Crypto Class-Action Seeking Billions From Social Media ‘Cartel’
Andrew Hamilton, a lawyer with a background in computer science, is spearheading a class-action lawsuit accusing the social media and search giants Google, Facebook, Twitter, and YouTube for cartel-like behavior intended to kill off the burgeoning cryptocurrency sector. The suit, which has already amassed more than $600 million in claims, accuses the firms of acting as a cartel in launching a coordinated attack designed to crush competition emerging from the nascent virtual currency sector in 2018 — when the social platforms enacted sweeping bans against the promotion of crypto assets and initial coin offerings. After two-and-a-half years of preparation, Hamilton …
Business / Aug. 12, 2020