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Menampilkan postingan dari Agustus, 2021

Grab $1000 Bitcoin Rewards Trading with SimpleFX This September

The award-winning super-crypto app is offering up to $1000 cashback in bitcoin just by trading this September. The offer lasts from September 1 to 30 only. Don’t miss this opportunity. Join the SimpleFX September Cashback by heading over to SimpleFX . Register in seconds using an e-mail address and opt in to “September Cashback.” Then, choose from hundreds of symbols to trade with up to 1:500 leverage. We have the best trading instruments, from the hottest stocks to trending cryptocurrencies. The more you trade, the more profit you gain with exclusive bitcoin cashback. SimpleFX is one of the earliest brokers to offer crypto trading accounts and stays on top of trends. Recently, it adopted the Binance Smart Chain (BEP-20) payment options. Now, traders can make easy transfers with the lowest fees possible. Payments in local currencies are also available in some countries. Want to trade Tesla and Pfizer? How about gold and oil? Trade them all anytime from your phone or laptop. The app is

DeFi Exploits 2021: CipherTrace Reports $474 M Loss in Flash Loan Attacks

The Decentralized Finance (DeFi) sector has witnessed an explosive growth this year. The total value locked (TVL) across all decentralized finance (DeFi) protocols has hit a new all-time high of $84 billion as August comes to a close, according to Data Aggregator DeFi Pulse. Per ConsenSys’s Q2 2021 DeFi report , billions of institutional capital is flowing into DeFi. As the space is soaring to new heights, it is attracting significant attention from cyber criminals. The attacks on DeFi have become so regular that one protocol has developed a “DeFi REKT database.” The CipherTrace database alleges that more than 2,500 projects have been ‘REKT’, and a cumulative of almost $474 Million has been lost to Ghostface killers in 2021. While the overall cryptocurrency fraud rate has declined, DeFi-related frauds and hackings have increased significantly over the past few years. In 2021 alone, the DeFi hacks formed over 60% of the total hack and theft volume of crypto attacks, up by 40% from 2020

Crypto mining needs to be redefined before simply casting it away

To ensure a sustainable future for blockchain and crypto, we need to reimagine the mining process and restructure PoW systems. Blockchain mining networks are often victims of their success. The two contemporary realities that demarcate the mining landscape and cause blockchains to fall short of what they promise are 1) the ongoing technological arms race driven by inherent competitive greed; and 2) the rising energy costs associated with proof-of-work (PoW) mining. Blockchains built on the PoW consensus have become highly unequal and increasingly centralized in terms of their hash rate. This concentration of mining power in fewer and fewer hands is an attack on the fundamental requirement for distribution and decentralization that blockchains possess. In addition, the motivation to ramp up mining power has a knock-on effect in terms of runaway energy costs, which have the potential to cause irrevocable environmental harm, as h

Union Bank of Philippines partners with Hex Trust to enter digital asset ecosystem

Union Bank of the Philippines and Hex Trust , a Hong Kong-based digital asset custodian, today announced that the bank was partnering with Hex Trust to provide digital asset custody services to it as it enters the digital asset sector. Fast facts - As part of the collaboration, Hex Trust will provide digital asset custody as an internal service for Union Bank employees as a pilot run in preparation for a fully commercialized digital asset custody service for the bank’s customers. The service is in compliance with Bangko Sentral ng Pilipinas, Union Bank said. - “Digital assets are here to stay, whether it be in the form of cryptocurrency, or tokenized assets, and we are seeing more market demand for these,” said Henry Aguda, chief technology and operations officer and chief transformation officer at Union Bank, in a statement. “We are excited to be the first Philippine bank to pilot a custody service for digital assets for our own employees, overseen by the BSP, so that we can prepare

America’s Largest Retailer, Walmart, Is Hiring A “Cryptocurrency Product Lead”

After e-commerce giant Amazon , multinational retail corporation Walmart is the latest company to hire a crypto lead. Less than 24 hours back, the company posted a job for a digital currency and cryptocurrency product lead. For this job, Walmart requires someone passionate about Digital Currencies and would be responsible for developing the digital currency strategy and product roadmap at the company. “As one of the largest retailers and e-commerce companies, Walmart enables a broad set of payment options for its customers.” The cryptocurrency lead will drive the Digital Currency strategy for Walmart and identify crypto-related investment and partnerships. For this position, one needs to have a Bachelor's Degree, over a decade-long experience in product management, technology commercialization, and of course, have experience in the cryptocurrency ecosystem and related technologies as well along with the knowledge of the players involved in the rapidly growing industry. The post Am

How Big Is Bitcoin’s Lightning Network? The Answer Will Surprise You

The Lightning Network is one of the most bullish developments that the Bitcoin ecosystem has seen so far. And all the available metrics point up, a healthy and vibrant network is brewing. However, investor Kevin Rooke took a deeper look and found out that the Lightning Network is probably even bigger than previously thought. “Inaccurate comparisons and privacy preserving features make it hard to truly understand how big the Lightning Network is.” Related Reading | Bitcoin Lightning Network Reaches Record Capacity What does Rooke mean by that? Let’s find out. The Lightning Network By The Numbers A casual look at popular analytics platform 1ml tells us that, at the time of writing, The Lightning Network is composed of 24,688 nodes, 64,577 channels, and the network capacity is 2,272.89 BTC. All of those numbers are up. However, “The Lightning Network is not a borrowing protocol, an AMM, or a store of value. Furthermore, the idea that Bitcoin is “locked” on the Lightning Network is mislead
Dante Disparte, Vice-Chair of the Libra Association, said that he was unconcerned by recent high-profile departures from the project just two weeks after Vodafone became the latest name to ditch the proposed digital coin. Speaking to CoinDesk at the World Economic Forum in Davos last week, Disparte said that the Libra project was picking up pace despite huge regulatory resistance to the project and the departure of several of the association's initial supporters, namely Mastercard, Visa, and Vodafone. He also said that the door remains open for those firms to return to the project in the future, as well ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. https://cryptozine.xyz/libra-vice-chair-uncon

Soccer star Messi's latest contract reportedly includes crypto fan tokens

The financial package for Argentine soccer star Lionel Messi's much-anticipated move to Paris Saint Germain includes payment in crypto fan tokens, sources claim. Argentine soccer superstar Lionel Messi, regarded as one of the game's greatest players of all time, has reportedly made crypto fan tokens a part of the payment deal in his financial package with French club Paris Saint-Germain. The information comes from sources close to the matter, according to Reuters. Messi, 34, who had been at FC Barcelona since he was 13, this week signed a two-year contract with Paris St Germain (PSG), with an option to extend for a third year. His departure from Barcelona, with whom he won four Champions League titles, was sealed after Spanish La Liga's financial fair play rules made it fiscally unviable for the club to continue to afford the star player.   Messi has won the European Golden Shoe award for top scorer and FIFA's
Craig Wright, the self-professed creator of Bitcoin (BTC), has been accused of abusing attorney-client privilege in order to block documents from being used as evidence in the ongoing trial against him. Australian computer scientist and businessman Craig Wright is being sued by the family of his deceased business partner Dave Kleiman for US$10 billion in Bitcoin, said to be encrypted in a “Tulip Trust.” In a court document filed on Sunday in Southern District Court of Florida, the legal team representing Ira Kleiman, brother of the deceased, challenged Wright's "illusory" assertion that over 11,000 company documents are inadmissible in ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. ht

Cross-chain Poly Network Gets Hacked for Over $600M, Exchanges & Stablecoin Issuers Act to Save the Lost Funds

In what appears to be the largest DeFi attack to date, cross-chain protocol Poly Network has been hacked for more than half a billion dollars. “We are sorry to announce that PolyNetwork was attacked on BinanceChain, Ethereum and Polygon,” tweeted the team on Tuesday while sharing the hacker’s address where the assets have been transferred. “We will take legal actions, and we urge the hackers to return the assets,” it added. Important Notice: We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon Assets had been transferred to hacker's following addresses: ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963 BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71 — Poly Network (@PolyNetwork2) August 10, 2021 Crypto assets involved in the hack include USDC , WBTC, WETH, RenBTC, BUSD, ETHB, BNB , BTCB, DAI , UNI, SHIB, and FEI, as shared by the team. The team further said that they are calling on the miners of affected blockchain and also cryptocu
Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model. In an interview with the Financial Times, the payment services chief, who has headed up Mastercard since 2009, described the various red flags that led to his decision to pull the company from the project. “It went from this altruistic idea into their own wallet. I’m like: ‘this doesn’t sound right,’" said Banga, adding that, "If ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. https://cryptozine.xyz/mastercard-ceo-reveals-why-his-firm-quit-libra-over-se
Israel-based, social trading and multi-asset brokerage platform, eToro launched a new programming language, before the Ethereal Summit Tel Aviv 2019, dubbed Lira. The Chief blockchain authority at eToro, Omri Ross, stated that the new programming language would reduce the risks involved in sealing financial contracts, and being an ‘open-sourced’ programming language would encourage greater participation from the programming community, and would also enable the formulation of ‘Future Contracts’, new derived securities, and other related products (new) on the Ethereum(ETH) blockchain. Ross added that it would enable “anything from simple futures contracts to complex, exotic contracts,” Lira being a “domain-specific language and not a “broad” programming languages can only represent and perform a restricted set of instructions. Lira may be limited in that context, but it has the highest proficiency and integrity achievable, which is very vital for bulky financial contracts
Deutsche Bank, the German financial giant joins blockchain network of JP Morgan, known by the name, Interbank Information Network (IIN). JP Morgan, the bank that headed the blockchain project started in 2017 has garnered a network that includes 320 financial institutions who will use the platform to exchange payments data worldwide with Ethereum. The platform works on a mutual distributed ledger technology. The head of payments, Takis Georgakopoulos, JPMorgan, said that Deutsche Bank is the first of all large banks to have entered into IIN. Deutsche Bank is touted to be the world’s largest dealer in the clearing of payments in euro denominations. “A network that only has JPMorgan’s clients will have very big natural limitations,” said Takis. “It would mean that all of these other smaller banks would still need to have bifurcated procedures, what they do with JPMorgan and what they do with other banks would still have to be different.” “Having Deutsche join — and

Hip-Hop Star Megan Thee Stallion Creates ‘Bitcoin for Hotties’ Video to Educate Millions of Fans About Crypto

Award-winning hip-hop artist Megan Thee Stallion has published a video of herself explaining the basics of bitcoin, including what it is, why it is valuable, and how to obtain it. The famed rapper previously gave away $1 million in bitcoin to her fans in collaboration with Square’s Cash App. Famous Hip-Hop Star Breaks Down Bitcoin to Her Fans Popular rapper Megan Thee Stallion, also known as Hot Girl Meg, published a video titled “Bitcoin for Hotties” Tuesday in collaboration with Cash App, a mobile payment service developed by Jack Dorsey’s Square Inc. Megan Thee Stallion has more than 24.1 million followers on Instagram and 6.4 million followers on Twitter. She has received several accolades, including three Grammy Awards. At the 63rd Annual Grammy Awards, she became the second female hip-hop artist to win Best New Artist. In 2020, Time Magazine named her one of the 100 most influential people in the world on their annual list. Her Bitcoin for Hotties video starts with the star expla
TL;DR Breakdown - US legislatures aim to impose massive tax on crypto actos - Cryptoers says legislature move aims to kill crypto Stakeholders and other crypto industry members are currently revolting moves by the US legislature to subject cryptocurrency investors to massive tax obligations. According to members of the crypto community, the crypto tax amendment would have severe backlash on the emerging crypto space. In a petition by a group, FightFortheFuture, they are fronting a call to the senate to save crypto describing their action as a red alert. The petition noted that the provision being debated by the US Senators is so poorly written that it could crush the cryptocurrency ecosystem and dramatically expand US government surveillance. The bill, which the crypto industry is very skeptical about, draws more concern for the community after it appears the Biden government has backed a tax amendment that targeted decentralized finance (DeFi) and proof-of-stake (PoS)
Bitcoin offers the chance for us to truly learn and understand money on a level that people have not yet experienced. Bitcoin will bring about an explosion of financial literacy in the same way that the printing press brought about an explosion of reading literacy in the 1400’s. While it's impossible to calculate the literacy rate before the invention of the movable type printing press, we know today's literacy rates are over 95% in many countries. I’m confident that the same thing can happen with financial literacy because of bitcoin. Best-selling author and educator Robert Kiyosaki is the first person I know who explained that most of us are “financially illiterate” and he has been advocating financial literacy since he published his best-seller Rich Dad Poor Dad in 1997. One of my favorite quotes about money and our banking system is by Henry Ford who said, “It is well enough that people of the nation do not understand our banking and money system, for if they did, I bel
Tesla CEO Elon Musk says there is no crisis that compels hasty cryptocurrency regulation. He agrees with Coinbase CEO Brian Armstrong that the U.S. government should not pick winners or losers in cryptocurrency innovation. Elon Musk and Coinbase CEO Agree on Crypto Regulation Tesla CEO Elon Musk has chimed in on the heated discussion of the U.S. government picking winners and losers in the crypto space. This followed the endorsement by the White House of a crypto tax amendment to the $1 trillion infrastructure bill that the crypto industry and several lawmakers have opposed. The Tesla CEO responded to a thread on Twitter started by Coinbase CEO Brian Armstrong about the crypto tax amendment “that would decide which foundational technologies are ok and which are not in crypto,” Armstrong wrote. “This is disastrous.” Musk tweeted, “Agreed, this is not the time to pick technology winners or losers in cryptocurrency technology.” He added, “There is no crisis that compels hasty regula
Yesterday at 10:53 pm (UTC), a major hacking incident occurred in Popsicle Finance’s Sorbetto Fragola pool. The hackers drained out nearly 85% of this pool. But other pools like ICE farming contracts, ICE token contracts, and Nice Staking have not been affected by this incident. A total of $20.7 million worth of funds were lost … https://cryptozine.xyz/analysis-of-the-popsicle-finance-hack/
Long-term holders (LTHs) have emerged to be significant players in the Bitcoin (BTC) ecosystem. (Read More) https://cryptozine.xyz/bitcoin-supply-held-by-long-term-holders-surge-to-66/
Long-term holders (LTHs) have emerged to be significant players in the Bitcoin (BTC) ecosystem. (Read More) https://cryptozine.xyz/bitcoin-supply-held-by-long-term-holders-surge-to-66/
Long-term holders (LTHs) have emerged to be significant players in the Bitcoin (BTC) ecosystem. (Read More) https://cryptozine.xyz/bitcoin-supply-held-by-long-term-holders-surge-to-66/
Long-term holders (LTHs) have emerged to be significant players in the Bitcoin (BTC) ecosystem. (Read More) https://cryptozine.xyz/bitcoin-supply-held-by-long-term-holders-surge-to-66/
TL;DR Breakdown - Chainlink price is expected to fall to $24 - The closest support level is at $24 - Chainlink is facing resistance at the $25 Chainlink has finally gone past the $22 mark and steady bullish momentum has carried the price to challenge the $25 mark. Chainlink price records an over 11 percent price hike across the last seven days showing steady bullish momentum. However, the sharp bullish activity leaves room for a volatile price movement The broader cryptocurrency market enjoys a bullish sentiment across the last 24 hours with most major cryptocurrencies recording profits across the time frame. Major players include Ripple’s XRP, and Litecoin that record an 8.17 and a 5.19 percent increase respectively. Meanwhile Bitcoin and Ethereum record a 6.79 and an 11.32 percent hike. Technical indicators for LINK/USDT Technical indicators for LINK/USDT by Trading view Across the technical indicators, the MACD shows a declining bullish momentum. While the histogr
- EOS started a fresh increase above the $4.00 resistance against the US Dollar. - The price is now trading above the $4.00 support and the 55 simple moving average (4-hours). - There is a key bullish trend line forming with support near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). - The pair is likely to continue higher if it breaks the $4.25 and $4.30 resistance levels in the near term. EOS price is showing positive signs above $4.00 against the US Dollar, similar to bitcoin. The price must clear $4.25 for more gains. EOS Price Analysis This week, EOS price saw a decent increase above the $3.80 resistance zone against the US Dollar. The price broke the $4.00 resistance level and the 55 simple moving average (4-hours) to move into a positive zone. The price even spiked above the $4.20 level, but there was no upside continuation. A high is formed near $4.25 before there was a downside correction. The price traded as low as $3.867 before it st
Key highlights: - BTC surged another strong 6% today as the cryptocurrency reclaims $40,000 - The cryptocurrency found support at the .382 Fib Retracement around $37.5K and rebounded - BTC is now up 18% on the month Bitcoin price $40,900 Key BTC resistance levels  $40,000, $40,560, $41,000, $42,000, $42,560 Key BTC support levels $40,000, $38,000, $37,400, $36,660, $35,920 *Price at the time of publication After a brief retracement this week, Bitcoin has finally found support and rebounded to reclaim the $40K level. Since the end of July, the cryptocurrency had been trading inside an ascending price channel, which allowed it to climb into resistance at $42,556. From there, BTC went on to break beneath the channel but would eventually find support at $37,500, provided by a .382 Fib Retracement level.  A clearance above the early-August high would kick start a bull-run that should help BTC start to make its way back toward the May highs at around $60K. One of t
Ethereum’s new transaction fee-burning mechanism EIP-1559 has removed $30 million in ETH from the network’s circulation since it came into effect two days ago. EIP-1559, one of five upgrades introduced as part of Ethereum’s London hard fork on August 5, has replaced Ethereum’s auction-style transaction fee mechanism with an algorithmically determined alternative. Unless users specifically choose to “tip” miners, they will no longer receive transaction fees; instead, the fees are burned, reducing the total supply of Ethereum in circulation. According to data on Ethereum tracker Ultrasound.money, 1,332 ETH ($4.1 million) burned so far originates from transactions on the NFT marketplace OpenSea, where trading volumes have spiked since a CryptoPunks trading frenzy began last week. The second top ETH burner is decentralized exchange Uniswap V2, where transactions have burned 810 ETH ($2 million). The third is Axie Infinity, an Ethereum-based game in which players purchase NFTs of
It has been an eventful 24 hours for the crypto market, as front-runners bitcoin (BTC) and Ether (ETH) show significant growth. Increases that have brought an additional $140 billion to the market. These gains in turn propel crypto’s total market capitalization to $1.8 trillion. Since collapsing in May, BTC’s price has notably floundered. It has either hovered just below the $40,000 mark, at times managed to creep just above it, and others sunk further to the levels of $32,000 or $33,000. However, reports and data both indicate that the world’s most valuable cryptocurrency by market cap is on an uptick, as its price surpassed $43,000. At the time of press, BTC had a value of $44,440 according to CoinMarketCap, which by all indications is the most valuable the asset has been since May. Meanwhile, ETH, the second-most valuable cryptocurrency by market cap, has reportedly climbed by 24% in the space of a week. Data showed that it ended July with a price of $2,537.51, before making a
Tesla CEO Elon Musk says there is no crisis that compels hasty cryptocurrency regulation. He agrees with Coinbase CEO Brian Armstrong that the U.S. government should not pick winners or losers in cryptocurrency innovation. Elon Musk and Coinbase CEO Agree on Crypto Regulation Tesla CEO Elon Musk has chimed in on the heated discussion of the U.S. government picking winners and losers in the crypto space. This followed the endorsement by the White House of a crypto tax amendment to the $1 trillion infrastructure bill that the crypto industry and several lawmakers have opposed. The Tesla CEO responded to a thread on Twitter started by Coinbase CEO Brian Armstrong about the crypto tax amendment “that would decide which foundational technologies are ok and which are not in crypto,” Armstrong wrote. “This is disastrous.” Musk tweeted, “Agreed, this is not the time to pick technology winners or losers in cryptocurrency technology.” He added, “There is no crisis that compels hasty regula

Binance US CEO Steps Down as the Crypto Exchange Faces Rising Regulatory Scrutiny

Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania. CEO of Binance US Resigns The CEO of Binance U.S., Brian Brooks, announced Friday on Twitter that he has resigned from Binance. The former acting Comptroller of the Currency and former chief legal officer at cryptocurrency exchange Coinbase tweeted: Greetings crypto community. Letting you all know that I have resigned as CEO of ⁦⁦⁦Binance US. Despite differences over strategic direction, I wish my former colleagues much success. Brooks joined Binance at the beginning of May following his resignation as acting Comptroller of the Currency on Jan. 14, before President Joe Biden took office. Responding to Brooks’s announcement, Binance U.S. posted a message on

Bitcoin price analysis: Bulls prepare for onslaught beyond $45k as BTC crosses $43,600

TL;DR Breakdown - Bitcoin price analysis enters bullish zone as BTC explores the $43,451 resistance point - A potential breach beyond $45k is around the corner as fresh buying emerges. - The BTC mining industry is recovering from China’s onslaught as new players enter. - The exodus of miners in China has had a significant impact on the Bitcoin hash rate. Recent volatility began to favor Bitcoin bulls with recent days of uncertainties. Bitcoin price analysis shows that BTC would stay at around $38,200 or below but instead broke the long-term bearish range to retest the supply levels before bouncing more than usual. Owing to the Chinese crackdown, the miner exodus impacted the Bitcoin hash rate. BTC miners are now migrating back to countries with less restrictive mining policies. Should this trend continue, we could see the flagship cryptocurrency reaching approximately $44,750 based on current Bitcoin price analysis. Bitcoin price movement in the last 24 hours: Stabilizing near key supp

What form of digital assets will be the future of payments?

Not all digital assets would be treated as sternly as cryptocurrencies and not all of them will become the future of money. We’re living in a time where digital assets are moving towards mainstream adoption. From retail customers to traditional banks and financial service providers, digital assets are on the rise. Many of these assets promised to disrupt financial markets and large incumbents, and while they have received widespread attention, they haven’t quite achieved their potential. That said, large institutions are taking notice — 86% of the world’s central banks are exploring digital currencies , according to a report by the Bank for International Settlements. They recognize that despite being in a golden age of innovation, payment systems remain somewhat archaic. And so, in my view, there is no reason why current payment systems won’t follow a similar trajectory to industries that have been transformed by new technolog