Analysis Crypto by Thebittimes.Com

According to an update on the crypto platform’s help page, Coinbase wallet will no longer support payment network Ripple’s XRP token. The digital asset is not the only cryptocurrency Coinbase has delisted as Bitcoin Cash, Ethereum Classic, and Stellar will also be unavailable. Coinbase Halts Wallet Support for XRP, BCH, ETC, and XLM The delisting will take effect from January next year and Coinbase’s wallet application will drop support for the aforementioned tokens. Coinbase Wallet like MetaMask and similar providers is a self-custody mobile-based wallet service. The app supports a broader range of cryptocurrencies than its peers. However, following the company’s latest move, clients will no longer be able to store their XRP, BCH, ETC, and XLM. Coinbase Wallet can only store supported cryptocurrencies and access dapps on supported networks.” No Unsupported Transactions Via Wallet App Additionally, from January next year, Coinbase will not allow users on the wallet app ...

Instagram Influencer Jay Mazini has pled guilty to stealing $2.5 million in Bitcoin from his victims in one of multiple giveaway scams. The influencer – whose official name is Jebara Igbara – faces up to 20 years in prison for his crimes. As the Department of Justice (DOJ) announced on Wednesday, Mazini has specifically pled guilty to wire fraud, wire fraud conspiracy and money laundering. Mazini was known for social media stunts like giving away large amounts of cash to strangers as gifts in various locations. One of his popular stunts involved handing out $30,000 at a Burger King in New York, alongside famous rapper 50-cent.  “In reality, Igbara was perpetrating overlapping fraud schemes, scamming investors out of at least $8 million,” said the DOJ. Mazini’s Bitcoin scheme involved promising to buy Bitcoin from his Instagram followers at above-market rates. After his followers would send him Bitcoin, the influencer sent them doctored images of wire transfer confirm...

Long-running tension between the Ethereum Classic Community and Cardano founder Charles Hoskinson appears to have gathered steam once more. Hoskinson slammed the platform in a tweet as he responded to allegations from a vocal Ethereum Classic advocate with the username “SETHMCCORMACK9.” Hoskinson Fires Back at Accusations of Plans to “Milk ETC” The accusatory post claimed Hoskinson was looking to take advantage of ETC by imposing a 20% miner tax.  No drama, just saying that SHA-3 and also a treasury was rejected. Charles Hoskinson wanted to implement a 20% miner tax to milk ETC,” read the tweet.  Hoskinson was swift to fire back a response in a tweet of his own. The Cardano creator first clarified that the alleged miner tax was in fact a sustainable development fund. The IOG founder also brought up what he described as ETC’s failure to reach its full potential.  Indeed, Hoskinso tagged the platform as a dead project with no real goals to back its existence.  KYC &...