bitcoin Gaming marc merrill Riot Games 

League of Legends Co-Creator Loses $5 Million in Major Crypto Scam

Riot Games Co-Founder Marc Merrill reportedly lost $5 million in a crypto scam. A fraudster used his credentials to purchase Amazon cloud computing servers. It took nearly four years for the fraud to be discovered. One of the co-founders of Riot Games, the developer behind League of Legends, has reportedly lost $5 million in a major cryptocurrency scam. Matthew Ho, a Singaporean national, is alleged to have used Marc Merill’s credit card information to purchase Amazon cloud computing technology. Source: Twitter Beginning in November 2014, Ho used Merill’s American Express…

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bitcoin Cryptocurrency News Market News Opinion ray dalio 

Ray Dalio Says ‘World Has Gone Mad’ and Bitcoin Crowd Cheers

Ray Dalio is making many friends in the crypto community after sounding the alarm about the perilous conditions in the financial system. In a post entitled “The World Has Gone Mad and the System Is Broken,” the billionaire hedge fund manager outlines why something has to give amid unsustainable circumstances comprised of free money, government deficits,  underfunded pension and healthcare systems, and a rising wealth gap. Dalio mentions bitcoin zero times. But he strikes the right chords with themes such as the Fed printing money and the threat of “three…

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bitcoin Cryptocurrency News reddit 

Reddit Roasts $500k Lottery Winner Who Invested Half in Bitcoin

An Illinois man provides proof of his $500,000 in lottery winnings and claims he put half of them in bitcoin. Reddit roasts the man with crypto memes and says he made several crucial mistakes. Either way, his investment has already paid off with an almost 100% return. An Illinois man who won the lottery earlier this year has invested half of his winnings into bitcoin. The man who posted the score via Reddit confirmed on Monday that he had purchased roughly $178,000 worth of BTC back in May. He also…

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Altcoin News bitcoin bitfinex Cryptocurrency News Tether 

Bitfinex Sparks Controversy Allegedly Manipulating $20,000 Bitcoin Price High

Bitfinex, which shares co-founders with the Tether stablecoin, is once again attracting controversy over the manipulation of the Bitcoin price. Per a paper published by the University of Texas Professor John Griffin and Ohio State University’s Amin Shams, Bitcoin’s run to a record high near $20,000 in 2017 was caused by a single market whale. Bitfinex whale manipulating Bitcoin price surges Initially reported by Bloomberg, the paper, which is an update on an earlier one by the same authors, states that the single market whale operates on Bitfinex with the…

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bitcoin Cryptocurrency News Ethereum XRP 

Bitcoin, Ethereum and XRP Prepare for Volatility; Bullish or Bearish?

Bitcoin and Ethereum are consolidating within a narrow trading range. Bitcoin may have resumed its macro-uptrend, said a renowned technical analyst. XRP prepares for a major event that could trigger an increase in demand. Last week, the total crypto market capitalization surged over 40% to reach a high of $267 billion. During this time, approximately $77 billion was injected into the market. Bitcoin jumped over 42% while Ethereum and XRP rose nearly 30%. Despite the bullish impulse, these cryptocurrencies entered a consolidation phase and could be on the verge of…

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bitcoin Cryptocurrency News gold Market News 

Why Bitcoin Has Outperformed Gold Every Single Year Since 2011

Bitcoin, also known as “digital gold,” has outperformed gold every year since 2011. Given the large discrepancy in the market capitalization between bitcoin and gold, bitcoin has more potential to grow over the short to medium term than gold. So far into 2019, contrary to popular belief, bitcoin has failed to demonstrate the characteristics of a safe-haven asset. According to OnChain Capital founder Ran NeuNer, bitcoin, sometimes described as “digital gold,” has outperformed the precious metal every year since 2011. Since 2017, one ounce of gold started to be worth…

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bitcoin china Cryptocurrency News EOS tron 

TRON Ranks #2, Way Ahead of Bitcoin in China’s Latest Crypto Rankings

China’s Center for Information and Industry Development released its latest Global Blockchain Technology Assesment Index report. EOS ranks first, followed by TRON and Ethereum. XEM and GXChain removed from the CCID’s crypto raking index. China’s Center for Information and Industry Development (CCID) published a new list of its crypto ranking index. The move comes after President Xi Jinping’s announced a plan to embrace blockchain technology. China’s Crypto Rankings CCID is a research institution that oversees the development of China’s information industries. It functions under the oversight of the nation’s Ministry…

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bitcoin Cryptocurrency News gold Opinion 

Crypto Trader Slams Critic Peter Schiff as Bitcoin Outshines Gold by 83,300%

Peter Schiff is not afraid to make extremely bearish calls on bitcoin. It appears that the chairman of SchiffGold sees the cryptocurrency as a competitor of gold. Recently, the gold bug took to Twitter to share his gloom and doom prediction on bitcoin. Schiff sees a monumental bitcoin collapse | Source: Twitter The Crypto Twitter (CT) community was quick to respond to Schiff’s ultra bearish stance. One that caught our attention was from bitcoin bull Rampage. The trader contrasted the performance of bitcoin and gold over the last seven years….

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bitcoin Business News Cryptocurrency News General Electric Op-ed 

GE Pension Failure Could Send Investors into Arms of Bitcoin

General Electric (GE) has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE isn’t the first company to pull the plug, but as one of the oldest traditional companies in corporate America, it sends a strong signal to employees that they can no longer bank on their employer for retirement benefits. Now, instead of shouldering the risk for employees, GE will essentially shift that risk back…

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bitcoin Cryptocurrency News 

Bitcoin Scores ‘Below-Average’ in NGO Crypto Adoption

Bitcoin has scored a below average level of adoption in the annual 2019 Global NGO Technology Report. The Global NGO Technology report evaluates the use of technology by non-governmental organizations (NGOs) worldwide, exploring how NGOs utilize various technologies to communicate, raise funds, and process information. According to the report, most NGOs have seen significantly more transactions processed through conventional means of payments such as credit cards and mobile money across most regions. NGOs show low level of usage of bitcoin (source: NGO Technology Report) NGOs in Africa have recorded the…

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