The Hacked E-mail of the People’s Bank of China Nearly Brought the Market Down 364

The messages about the possible restricting of the cryptocurrency regulation were sent from the e-mail of one of the employees of the People’s Bank of China, but the information turned out to be a fake.

Many US media were invited to a joint press conference of the People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA), which supposedly had to announce new measures to fight with “all the ways and methods of trading bitcoin in China and in Hong Kong. “

It was written in the letter that both regulators at the conference on the 14th of February will announce the introduction of new measures to counteract the use of cryptocurrency services by both retail investors and legal entities, including prohibiting mining and trading crypto-exchange platforms.

In response to a request from the media, PBOC and HKMA responded that they did not plan any of such events. An employee of the People’s Bank of China branch in Hefei, whose e-mail the messages were sent from, said that his e-mail had been hacked.

According to the South China Morning Post, hackers hoped to manipulate the cryptocurrency market with the help of such information, since the market has traditionally reacted negatively to reports of tougher cryptocurrency regulation on major Asian markets.

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The Viewers of Adult Videos on Pornhub Will Receive Cryptocurrency Rewards 184

Pornhub

The company Tube8, owned by the popular adult entertainment site Pornhub, is planning to move onto blockchain and tokenize the platform completely. To do so, it will be cooperating with Vice Industry Token.

The visitors of the Tube8 will soon get a chance to receive tokens for performing certain activities on the platform.

The purpose of this upgrade is mainly keeping the viewers. The representatives of Tube8 believe that a regular viewer just watches a couple of videos and leaves, whereas if he/she can potentially be rewarded for doing this, it will be encourage the person to register an account or at least return to the site afterwards.

We would like to remind you that Pornhub has recently started accepting crypto as a payment option for its premium account.

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Buterin, Winklevoss and Others: The Future of the Digital Currency World According to Major Crypto Personalities 944

experts opinions on crypto

The crypto world has entered the new stage of its development, it has always been volatile, but these couple of weeks have been absolutely crazy: coins are jumping up and down, Bitcoin ETF is on its way, blockchain is taking over the world.

No doubt, crypto specialists and financial experts have a lot to say. Today we came up with a compilation of sayings from the stars of the cryptocurrency universe that we found particularly interesting and important.

The CEO of the crypto exchange Gemini, Tyler Winklevoss believes that the acceptance of cryptocurrency in the world as a means of payment equal to fiat will not happen in the next couple of years:

The vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail-driven market. This will change over time, but it will take time.

Pantera Capital’s CEO is way more optimistic on this issue. He sees great potential in the blockchain technology, and digital coins, according to him, are “superior form of currency.

Ethereum’s founder Vitalik Buterin wants cryptocurrencies to become more user-friendly and common in the everyday life. He also thinks it may become possible only in case the proper regulatory framework for crypto is developed by the state governments.

I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash,” he said.

The last, but certainly not least, is the CEO of BitMEX, Arthur Hayes, who has some serious doubts concerning Ethereum. According to his calculations, the price of the world’s #2 coin will drop lower than $100.

It is this moment,” he added, “that Ether goes from a 3-digit to a 2-digit shitcoin.

Although we are sure that experts know what they are talking about, the crypto world is way too unpredictable. We can only wait and see whether the abovementioned predictions turn out to be true or not.

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An AT&T User Accused the Company of His Crypto Losses Amounting to $224 Million 689

crypto investor sues at&t

America’s largest mobile services operator AT&T received a lawsuit from one of its customers. Michael Terpin is sure, the company’s non-fulfillment of its duties led to the theft of 224 million dollars in crypto from him.

The plaintiff argues that somebody came to an AT&T office and stole his identity by getting hold of his telephone number which basically gave the criminal full access to all accounts. The fault of AT&T is in the fact that the employees had to demand an identity verification from the person who took the crypto or a secret password. This could have prevented the accident, however, no one even tried to stop the thief.

The theft victim described the situation by saying:

What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner.

We would like to remind you that Playboy has filed a lawsuit against the crypto firm accusing it of fraud.

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Andreas Antonopoulos Criticized Bitcoin ETF 723

opinion on bitcoin etf

The well-known author of books about Bitcoin and the founder of his own Bitcoin-business Andreas Antonopoulos published a Youtube video where he expressed his opinion about Bitcoin ETF and explained why they cause so much sensation.

I’m going to burst your bubble. I know a lot of people really want to see an ETF happen because ‘too the moon’ and ‘lambos’ and all that. I think it’s a terrible idea. I still think it’s going to happen… I’m actually against ETFs,” he said.

Antonopoulos explained that he understands why many people are so impressed by the idea of Bitcoin ETF:

Everybody’s so excited about ETFs because what we’ve seen in other markets is that when an ETF becomes available—as we saw in gold—the price really increases dramatically as suddenly that commodity becomes available to a lot more investors and these investors pile on. But the other side of it is that there’s always these claims that the commodities markets are heavily manipulated and opening up these exchange-traded instruments only increases the ability of institutional investors to manipulate—especially [in the case of] large market makers—the prices of commodities, not just in the markets where it’s traded as an ETF but more broadly,” he clarified.


We remind you that the SEC postponed the decision upon Bitcoin ETF until September.

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The Former CEO of Paypal: Bitcoin Is Eventually Going to Go A Whole Lot Closer to Zero 701

bitcoin's future is not bright

The ex director of Paypal Bill Harris is known for his scepticism and harsh comments aimed at Bitcoin. He even called it “the greatest scam in the history”. This time CNBC interviewed Harris to find out whether his opinion on the world’s #1 digital coin has changed.

According to the businessman, Bitcoin is supposed to be “instant, free, scalable, efficient, secure, globally accepted and useful”, and it fails to fulfill all of those characteristics. Harris believes that there is “no value” in BTC.

He has also mentioned that there is no need in solving the problem of Bitcoin scalability, because we don’t need Bitcoin at all.

Look how difficult it is to get money from one country across the border to another. It’s slow, it’s expensive, it’s all those things. Agree. You don’t need Bitcoin, you don’t need XRP, you don’t need any of that to solve that problem. What you need is faster networks.

Unlike many of his colleagues, Bill Harris has way more trust in conventional fiat currencies due to their relative stability which cannot be said about Bitcoin.

In conclusion he summed up his thoughts by saying:

Bitcoin makes no revenue, no profitability.

Frankly speaking, the current CEO of Paypal Dan Schulman agrees with Harris on this issue, although Paypal might change its opinion on BTC if it becomes more stable.

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Bitfi Is Threatening Those Who Were Supposed to Get Paid for Hacking the Wallet 509

bitfi is threatening people

We are all getting sick of the story of John McAfee’s “unhackable” Bitfi, but the situation keeps gaining momentum. Let’s quickly sum up what has happened so far.

– John McAfee launched a bounty campaign for his wallet, promising first $100k, then $250k to a person or people who would break into Bitfi.
– A cyber security company claimed to have done so and was completely ignored by both McAfee and other Bitfi employees.
– After that a new group of researchers tried to hack Bitfi and succeeded as well. This time McAfee reacted by saying that a wallet can be considered hacked only if the hackers obtain coins, and no coins were stolen from Bitfi.

What happened next shocked the crypto community. Bitfi published a tweet which contained direct threats aimed at the researchers participating in their “bounty”. The tweet was deleted shortly afterwards, but most people managed to see it.

The campaign which was supposed to bring recognition and popularity to Bitfi is now only bringing it “black” PR. Or was it a planned action?

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