China Passes Law Protecting Cryptocurrency Inheritance | Money Flicker
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China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law.
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Bitcoin price weekend bearish action finds support at $8,600.
BTC/USD remains in the hands of the bulls in spite of the bulls’ inability to sustain gains above towards $9,000.
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Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, it’s become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.
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Polkadot has gone live with its first “chain candidate,” a nearly-complete version of its blockchain. The blockchain has been under development since 2017, at which time it raised $140 million in one of the year’s most successful ICOs.
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Every technology that comes up initially faces a lot of flak. The same goes for Bitcoin. When it was associated with an idea of being a hedging instrument against severe economic conditions, several skeptics believed otherwise!
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The Tor Project is laying off a third of its staff because of the economic problems caused by the coronavirus. The team, according to an organization statement, is now made up of just 22 people.
In fact, on April 17th Tor Project published on his blog "COVID-19's impact on Tor". The text is shown below.
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The founder of a South African digital currency company is suspected of having fled the country after he failed to pay the investors.
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Hackers tried to crack supercomputers in European countries last week to use their power to mine crypto.
Entire clusters of supercomputers were stabbed in several countries, such as Germany, the UK, Spain, and Switzerland. Hackers tried to crack mainly university machines.
The attackers connected to the site of supercomputers, and then with the help of malicious software, they tried to start mining Monero (XMR) CryptoCurrency. Note that this digital currency is widespread among hackers. They periodically inject viruses into the computers of Internet users to secretly use their power for mining XMR.