Day: October 4, 2018

U.S intelligence: Influence and disinformation campaign used cryptocurrency

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United States investigators have found that an influence and disinformation campaign used cryptocurrency to avoid direct contact with traditional financial firms. Surprisingly, Russian intelligence personnel has once again been caught up in the scheme. To drive the campaign, information was hacked from computers by persons believed to be Russian intelligence spies. The spies purchased hacking equipment and paid for them using cryptocurrency, they also used fake names and online infrastructure to hide their identity. The investigators believe that “Aleksei Sergeyevich Morenets, Evgenii Mikhaylovich Serebriakov, Ivan Sergeyevich Yermakov, Artem Andreveyich Malyshev,…

Circle Invest Launches Crypto Asset ‘Collections’ for Targeted Portfolios

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Goldman Sachs-funded Circle Internet Financial Ltd. has launched a new feature for its crypto investment app Circle Invest dubbed “Collections.” The company has made the announcement in an official blog post published Oct. 4. The feature gives customers the option to invest in one or more collections of crypto assets, each divided according to a particular theme: “Platforms, Payments, and Privacy.” The company presents the tool as a simplified way for investors to focus their portfolio on multiple coins,  according to a specific functionality of their choice. After choosing a…

Circle Invest Launches Crypto Asset ‘Collections’ for Targeted Portfolios

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Goldman Sachs-funded Circle Internet Financial Ltd. has launched a new feature for its crypto investment app Circle Invest dubbed “Collections.” The company has made the announcement in an official blog post published Oct. 4. The feature gives customers the option to invest in one or more collections of crypto assets, each divided according to a particular theme: “Platforms, Payments, and Privacy.” The company presents the tool as a simplified way for investors to focus their portfolio on multiple coins,  according to a specific functionality of their choice. After choosing a…

Venezuela’s Petro White Paper ‘Blatantly’ Copied Dash, Ethereum Developer Says

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Venezuelan state-owned cryptocurrency Petro has apparently plagiarized parts of its white paper from the GitHub repository of Dash. Core developer of Ethereum Joey Zhou pointed this out in a tweet posted Tuesday, Oct. 2. Zhou has tweeted that Petro, which has just been officially launched by president Nicolas Maduro, is “a blatant Dash clone.” To illustrate this, he posted a link to the Venezuelan coin’s white paper, which had an exact copy of an image from Dash’s repository on Github. An image from Dash’s repository on Github, added to p.…

Institutions More Bullish on Bitcoin than Retail Investors: Fundstrat

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There’s a general perception that retail investors are susceptible to rosy-eyed forecasts about the future of bitcoin, while institutions are more clear-headed about the prospects of this nascent asset class. However, a new survey conducted by Wall Street strategy firm Fundstrat suggests that once institutional investors are interested in bitcoin, they become even more bullish than their retail counterparts. Institutions Believe Bitcoin Price Has Bottomed Fundstrat, the first Wall Street strategy firm to embrace bitcoin, conducted a six-question Twitter poll to gauge the sentiment among retail cryptocurrency investors and then…

Bitcoin, Ether, XRP Weekly Market Update: October 4, 2018

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BTC saw a significant increase in value on September 27 and closed the day at $6,694, $230 higher than its biggest one-day jump since September 21. Bulls tried to push the price even higher on the next day, September 28, but could only cross the $6,800 mark for a certain period before dropping back to $6,630. BTC-USD The biggest cryptocurrency skyrocketed from $6,500 to $6,800 between 21:15 CET and 22:15 CET on September 27, then stabilized in the $6,700 region and breached $6,800 once again in the morning, just to…

Major Korean Crypto Exchange Bithumb to Launch Global Decentralized Platform

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South Korean crypto exchange Bithumb, currently the world’s sixth largest by daily traded volume, will open a global decentralized crypto exchange, Business Korea reports Oct. 4. Bithumb has partnered with blockchain firm One Root Network (RNT), which has developed an Ethereum (ETH)-based decentralized token transaction protocol dubbed “R1” and already operates a decentralized exchange (DEX). According to a joint press release, the protocol separates order matching and order execution, which RNT claims improves security and matching efficiency. Decentralized platforms enable users to trade peer-to-peer via an automated system; as they…

BTC/USD Rises but Triangle Trap Remains

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Bitcoin on Thursday appreciated more than 2 percent against the US Dollar amidst an overall crypto market recovery. BTC/USD yesterday was hinting a bearish breakdown action while correcting weakly from its previous low. Nevertheless, the upside momentum picked during the end of the yesterday’s US session, which continued to impress in today’s trading hours. BTC/USD surged towards its intraday high near 6645-fiat during the morning Asian session, followed by a minor weak reversal that seems to have found a close already. BTC/USD Technical Analysis Bitcoin continues to trade inside our…

Coinbase Implements “Child Pays for Parent” Protocol to Mitigate Bitcoin Fees

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In a Medium post published October 2, 2018, Coinbase explained why their engineering team is taking another look at the established Child Pays for Parent technique to make sending and receiving bitcoin a more consistent experience. Bitcoin Fees Are a Double-Edged Sword While Bitcoin transaction fees are significantly lower than most traditional methods of cross-border payments, the price added to sending bitcoin is as volatile as the price of the cryptocurrency itself. On occasions, fees can be as low as one Satoshi per kb during times of extremely low network…

Fortnite Gamers Targeted by Malware That Steals BTC Addresses

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Cybersecurity firm Malwarebytes has found that scammers are using malware that targets the Bitcoin (BTC) wallet addresses of Fortnite gamers, according to a post published October 2. Fortnite is currently one of the most popular video games in the world, with reports suggesting that 125 million people are active players. Malwarebytes has investigated the game’s online ecosystem and found that “con artists” are sneaking malicious data theft code into downloads that apparently promise “free” season six Fortnite Android versions, among other “bogus cheats, wallhacks and aimbots.” So-called “free V-Bucks” –…