Day: August 26, 2018

Security: 5 Biggest Cryptocurrency Heists in History

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As the popularity of cryptocurrencies continues to soar, so does the number of hackers targeting exchanges. In 2017, crypto exchanges reported losing approximately $266 million as a result of security breaches and heists. However, the first half of 2018 alone has reported that triple this amount has been stolen from crypto exchanges already. At the beginning of July 2018, blockchain security firm CipherTrace reported that $731 million has been stolen from crypto exchanges this year alone. “With each passing crypto hack, there’s more at stake. These heists aren’t just becoming more common. They’re…

7 Investors Back World’s First Blockchain Bond, Demand From Institutions

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The Commonwealth Bank of Australia (CBA) and the World Bank launched the first blockchain bond in the global finance sector this month. Already, institutional investors are showing increasing interest. On August 10, CCN reported that World Bank selected CBA, the biggest bank in Australia, to issue the world’s first blockchain bond based on the Ethereum blockchain network. Bond-I, the blockchain-based debt instrument, implemented Microsoft’s blockchain cloud computing platform Azure that is compatible with the Ethereum network to settle orders, after Microsoft confirmed that Ethereum is able to securely facilitate investments…

Bitcoin-Themed Hostel Opens in Scenic Brazilian Town of Paraty

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Located between the mountains and the sea not far from Rio de Janeiro, Paraty is renowned among travelers to Brazil for its scenic views. It features waterfalls, tropical beaches, an historic Portuguese colonial town, and now a Bitcoin-themed hostel. Also Read: This Week in Bitcoin: Islamic Exchange, Self-Regulation, Social Trading Bitcoin Hostel in Paraty, Brazil Hostel Bitcoin is an accommodation for crypto tourists in Paratay, Brazil. According to its Booking.com listing, it features a shared lounge and a bar, and provides access both to the historical town center and the…

Prominent Investor: This Bitcoin Bear Season May Last For A While

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Although the market has begun to recover, albeit ever so slightly, there are some industry leaders that aren’t convinced that Bitcoin is back in bull mode just yet. “Bitcoin Will Bottom, Then Go Sideways” Anthony Pompliano, the founder of the crypto/blockchain-centric Morgan Creek Digital Assets, recently appeared on Ran Neuner’s “Crypto Trader” show to express his bearish outlook on this fledgling market. Pompliano, who goes by “Pomp” in many circles, opened up his segment discussing the fact that the bear market, which began near the start of 2018, may be…

Crypto Markets See Few Gains as Most of Top Coins Are Slumping

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Sunday, August 26: after a short recovery yesterday, crypto markets have again declined somewhat, with only three out of the top 10 cryptocurrencies by market cap seeing green today. Market visualization from Coin360 Bitcoin (BTC) is one of the fortunate ones, up less than one percent on the day, trading at $6,740 as of press time. The cryptocurrency also has managed to hold on to its weekly gains, which comprise 2 percent. Having peaked at $6,778 yesterday, Bitcoin dropped to as low as $6,587 earlier today. Bitcoin 24-hour price chart.…

Ethereum dApp Browsers Take Steps to Increase Wallet Security

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MetaMask, among other dApp browsers, has committed to cease injecting Web3 into user browsers on Nov. 2, on account of a recently-uncovered privacy issue, meaning it will require a new postMessage API, according to Paul Bouchon, writing in Medium. MetaMask, an Ethereum wallet and dApp browser that allows users to visit the distributed web, has automatically injected a web instance for the web page along with an Ethereum provider, enabling the dApp to reach the blockchain, access user account addresses, and propose transactions. Privacy Gap Uncovered The existing generation of…

ChainX Panel: Wozniak and Tone Vays On the Fintech Revolution

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ChainX Panel: Wozniak and Tone Vays On the Fintech Revolution August 26, 2018 by Tyson O’Ham Every technological revolution arrives with the promise of bettering our lives — but in reality, displaces many institutions in the wake of advancement. Balancing the two is of great importance in effecting positive change. In this video, a panel of crypto industry luminaries and tech legend Steve Wozniak share their thoughts on where fintech and technological development is all heading. Also see: The Ten Most Outlandish Criticisms of Bitcoin and Crypto Ever Uttered Subscribe to…

New CNBC Documentary Explores the Cultism of Bitcoin

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To outsiders, Bitcoin is a weird and wacky cult. Its devotees adhere to their own acronym-filled jargon, and have monetary theories that would make an economist blanch. Some of the movement’s more maverick characters are to be profiled in a CNBC documentary premiering this Monday. “Bitcoin: Boom or Bust” looks to be crass and compelling in equal measure. Also read: Bitcoin Journalist Pioneer: Jamie Redman Has Over 2,000 Articles Published HODL and Other Acronyms It’s not even aired, and CNBC’s new Bitcoin documentary has already ired the community it’s depicting. From…

‘Correlation’ Between BTC and Emerging Markets Is Sign of Upcoming Trend Reversal

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Fundstrat’s Bitcoin (BTC) analyst Tom Lee has claimed that the cryptocurrency “could end the year explosively higher,” citing a correlation between it and emerging markets. Lee has made his new prediction in an interview during CNBC’s “Trading Nation” show August 25. The Head of Research at Fundstrat Global Advisors has said that he “still think[s] it’s possible” that Bitcoin’s price could surge to as high as $25,000 this year. Lee has based this assumption on the relationship between the price of BTC and BlackRock’s iShares MSCI Emerging Markets exchange-traded fund…

Tom Lee is Standing by His $20,000+ End-of-Year Target

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Bitcoin bull Tom Lee, co-founder of Fundstrat Global Advisors, is sticking to his forecast of a bitcoin price in the $20,000 range by year’s end, he told CNBC’s “Fast Money” on Friday. Lee said he is “trying to change the calendar year” with respect to his prediction, but remains bullish about it. Hedge Funds Play A Bigger Role Lee said hedge funds are playing a bigger role in the bitcoin market, which he thinks can have an impact on its price. “I do think in 2018, trading has shifted,” Lee…