BitPinas Crypto News Roundup (May 4, 2020)

Read a roundup of cryptocurrency news today, May 4, 2020.

Photo for the Article - BitPinas Crypto News Roundup (May 4, 2020)

As of 2:48 pm PH time:

  • Bitcoin is $8,694 (-4%)
  • Ethereum is $20.56 (-6.93%)
  • XRP is $0.21 (-4.63)

Read a roundup of cryptocurrency news today, May 4, 2020.

Photo for the Article - BitPinas Crypto News Roundup (May 4, 2020)

Bitcoin Miners produced 16 blocks in 1 hour (it’s usually just 6 blocks per hours)

A new bitcoin block is produced every 10 minutes on average. On May 1, 2020, 16 blocks were reportedly produced in 63 minutes with 4 blocks reported in less than a minute. The signal is that it could mean that bitcoin’s current difficulty level is too low, allowing blocks to be mined easily. Some, however, suggest that this could signal an upcoming mining difficulty adjustment.

John McAfee said he knows who Satoshi Nakamoto is

In an interview with Cointelegraph, John McAfee said he is 99% certain on the real identity of Satoshi Nakamoto, the author of the Bitcoin Whitepaper. He said that all that’s needed to uncover Satoshi’s identity is via linguistic analysis – analyzing how the person uses words, grammar, punctuation, and references on the whitepaper. After buying a certain authorship program that can analyze thousands of whitepapers, Mr. McAfee said only one of those papers has a 99% probability of being written by the person behind Satoshi Nakamoto.

He also said he planned to reveal who this person is but decided against it after a phone call conversation with “Satoshi”.

OmiseGo Holdings Changes Name to SYNQA.

Omise Holdings, the parent company of cryptocurrency OmiseGo has changed its name to SYNQA. In a statement, SYNQA said this enforces their position as a holding company with a portfolio of companies to become the go-to partner in Asia for all things fintech.

OmiseGo token sits at $0.68 a piece. Its all-time high is $28.35, recorded on January 8, 2018.

MakerDao Brings Wrapped Bitcoin (wBTC) to the Ethereum Blockchain

The MakerDao governance has approved a proposal to put Bitcoin into the Ethereum blockchain by accepting Wrapped Bitcoin (wBTC) as a new collateral asset in the Maker Protocol. wBTC is an ERC20 token that is backed 1:1 with Bitcoin.

Crypto Tracker App Blockfolio Fixes Security Hole Quietly

The vulnerability was discovered by Paul Litvak, a security researcher at cybersecurity company Intezer. Mr. Litvak reviewed the code of the Blockfolio mobile Android app, which he uses to manage his cryptocurrency portfolio. After he reviewed the new app, he looked at the older versions to find some “secret or hidden endpoints which might have been long forgotten.

Report: Quiet Q1 2020 for Ripple-MoneyGram Partnership

While expectations are high for this partnership, MoneyGram CEO Alexander Holmes said Q1 2020 was a quiet period for them with regards to “pushing anything new into the market or expanding the service,” he said to Cointelegraph. He did say they covered a lot of ground in 2019 when it comes to expanding to new remittance corridors.

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