Why Japan’s biggest e-commerce giant entering crypto is a really big deal

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Rakuten, the biggest e-commerce company in Japan with over 102 million users and the 14th largest internet company in the world by annual revenue, has officially entered the crypto exchange market. In an official statement, Rakuten said that Rakuten Wallet will operate as a licensed crypto trading platform. Currently, Rakuten is in the process of…

Satoshi’s Treasure, the hunt is on for $1 million in bitcoin prize

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A cryptic message broadcasted over the Blockstream satellite revealed a treasure hunt for a $1 million in bitcoin prize. The message challenges readers to find Satoshi’s Treasure, a series of challenges—of increasing difficulty—requiring feats of strength, travel, and certain subject expertise. The broadcast began: “If you are reading this, something has led you to search…

Litecoin (LTC) hash rate hits record high: is it a crucial sign of confidence?

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According to Litecoin.com and the data published by BitInfoCharts, the hash rate of Litecoin (LTC) achieved a new all-time high on April 8 at 359 terahash. The rapid increase in the hash rate of the Litecoin blockchain network, which represents computing power that protects and secures the protocol, comes amidst the demonstration of a strong…

Whale Watch: Large Bitcoin Cash Holders Accumulate 1 Million BCH Since February

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In the last two weeks, cryptocurrency prices have seen significant volatility and during this time onlookers have noticed large bitcoin whale movements once again. Data stemming from blockchain analysis indicates that over the last 48 hours, unknown whale wallets moved over 20,000 BTC ($101 million), showing another large migration not seen since last February. Additionally,…

Analyzing Charlie Lee’s legendary Litecoin price predictions

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Charlie Lee, the creator and founder of Litecoin, has made a number of bold price predictions over the past few years. These predictions have had startling accuracy. Among his predictions, he accurately forecasted the bottom for LTC and also infamously sold his holdings near the top of the 2018 bull market. Charlie Lee was a…

DASH is up 32.4 percent in the past month, protocol update on the way

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The price of Dash (DASH) has seen a sustained month of growth, up from $84.0 to $111.2—a 32.4 percent increase. The upwards movement may be attributed to a variety of positive news around the project, including a line-up of technical innovations slated for the protocol’s next update. This compares to growth in the overall cryptocurrency markets…

Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees

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Over the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.” Also…

Tether’s Lack of Fiat Backing Could be Catastrophic for Bitcoin, Analyzing USDT’s Troubling Terms of Service

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Tether, the market-leading stablecoin in both market capitalization and controversy, made changes to its legal terms of service that indicate that USDT is not fully backed one-to-one by US dollar reserves. Instead, the new terms suggest that USDT is backed by other assets including loans made to third parties, calling into question the soundness of…

Cardano Continues to Surge After 1.5 Mainnet Release, Up 15% Over 7 Days

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After the successful release of its 1.5 mainnet, Cardano (ADA) has broken out from its normal trading range, reaching 2019 highs. It appears that after consistently meeting development and restructuring the Cardano Foundation that cryptocurrency enthusiasts are beginning to take notice. Recent Trading Activity Previously, Cardano was trading between $0.0363 and $0.0534 over the last…

Vitalik Buterin Clarifies Fiat Holdings: Analysis of Ethereum Founder’s Net Worth

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Vitalik Buterin, one of the most influential people in crypto and the figurehead behind Ethereum, recently clarified his fiat holdings in response to an analysis of his transaction history on his main wallet address. Based on Buterin’s cryptocurrency wallets, cash from ETH sales, equity in startups, and his annual salary, CryptoSlate estimates Buterin’s net worth…