Day: December 15, 2018

No, the Price of Bitcoin Didn’t Drop Because of Bomb Threats

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On Friday, as the Bitcoin price fell by around six percent against the U.S. dollar, several reports claimed that the dominant cryptocurrency dropped in value due to bomb threats. One report from Business Insider Australia, for instance, stated that following an email blast of bomb threats in New York, the price of the crypto asset endured a correction. Wrong Argument Against Bitcoin A common misconception that Bitcoin (BTC) by nature is anonymous or impossible to track is simply not correct. As a consensus currency, Bitcoin is based on a decentralized…

Cryptojacking Overtakes Ransomware as Top Malware in Some Countries

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Cryptojacking, the unauthorized use of another’s hardware to mine cryptocurrency, has become the biggest cyber threat in many parts of the world, Bloomberg reported Dec. 14. According to research from cyber security research firm Kaspersky Lab, cryptojacking overtook ransomware as the biggest cybersecurity threat particularly in the Middle East, Turkey, and Africa. In Afghanistan and Ethiopia over one out of four detected malware are cryptocurrency miners, according to Kaspersky’s data. As cited by the Bloomberg, Kaspersky’s research “shows crypto mining attacks have risen almost fourfold in the region, from 3.5…

Nigerian Start-up Announces Revolutionary Global Decentralized Health Platform With A Distributed Blockchain

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Cura Network, a Nigeria-based healthcare technology start-up, has announced the launch of its revolutionary Global Decentralised Health System. The platform decentralizes storage of health data, by means of entities collaborating and sharing data with each other to promote, restore or maintain health. These entities are patients, specialists, providers, and third-party app developers. advertisement Patients will have exclusive ownership of their health data which can be distributed and shared by other entities. Patients can authorize or deny access to part, or all of their health records. Cura Network platform guarantees data…

Instant PayPal withdrawals on Coinbase now available for all U.S. customers

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Starting today, U.S. customers can instantly withdraw Coinbase balances to PayPal, providing even faster access to their funds through one of the world’s easiest and most widely-used payment platforms. These withdrawals are not only fast; they’re free and incur no fees. We work hard to make Coinbase the easiest and most trusted platform around — and now, moving your cryptocurrency to cash is easier and more affordable than ever. PayPal offers U.S. customers an alternative. Before today, you needed an ACH or Federal Wire account to withdraw funds. These traditional finance networks…

Telecoms Giant AT&T Seeks Patent for Blockchain-Enabled Social Media ‘Mapping’ System

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American telecoms giant AT&T is seeking a patent for a blockchain-based social media history “map.” The patent application was published by the U.S. Patent and Trademark Office (USPTO) Dec. 13. AT&T’s patent application describes a blockchain-powered system that may include a transaction history controller to store subscribers’ data, which may be used for various purposes. The file outlines a number of particular cases, such as creating and sharing information, ideas, and career interests through virtual communities and networks. Broadly speaking, by deploying the system users could purportedly track “micro-culture transactions,”…

Bloomberg Editor Critical Of Bitcoin (BTC) — Wants Blockchain, Not Crypto

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Bloomberg Former Editor-In-Chief Bashes Bitcoin (BTC) Amid 2018’s tumult and market downturn, Matt Winkler, the former editor-in-chief at Bloomberg News, recently cut out some time to speak with the outlet’s Emily Chang to discuss cryptocurrencies and Bitcoin (BTC). How Bitcoin investors lied to themselves to justify prices https://t.co/5fnMJd5rxZ pic.twitter.com/olDVUgjUSf — Bloomberg TV (@BloombergTV) December 14, 2018 Speaking with the outlet’s anchor in a short interview, Winkler, a world-renowned reporter in the business realm, first explained that Dotcom startups were valued by their cash earnings, a questionable indicator in the eyes…

Ethereum-Based Chat Platform Lays Off 25% of Staff Due to Crypto Market Decline

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Ethereum (ETH)-based chat platform Status is laying off 25 percent of its staff due to the recent cryptocurrency market decline, according to a post published Dec. 11. Founded in 2017 in Switzerland, Status is an open source Ethereum-based mobile app that enables its users to chat, transact, and access decentralized applications (DApps). In the announcement, the startup’s co-founder Jarrad Hope said that Status is “much larger than we can sustain” in the environment of the declining market, wherein the company was not prepared for scenarios of ETH dropping over 80…

Bitcoin Bull Thomas Lee Claims Market Is Wrong and BTC Should Be Much Higher

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News Bitcoin bull Thomas Lee continues to be confident in BTC, insisting that its current price is wrong and should actually be closer to the $15,000 mark. Along with a number of other bulls, Lee has made several overly hopeful predictions this year.  Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down Fair Value Is Higher Than Current Price Thomas Lee, the head of research at Fundstrat Global Advisors, is a major BTC bull. Due to the number of active wallet addresses, usage per account, and other factors,…

Blockchain Incubator Binance Labs Releases First ‘Batch’ of Blockchain Projects

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Binance Labs, the venture wing of the largest cryptocurrency exchange Binance, has released its first “batch” of blockchain projects from its Incubation Program, according to a press release shared with Cointelegraph on Dec. 14. Binance Labs is an initiative that seeks to help early-stage blockchain and digital assets projects and entrepreneurs through direct investments and technical assistance. The Binance Labs Incubation Program is an onsite program that was launched in August 2018. Following a try-out tour with over 500 applicants, Binance Labs selected only eight projects, each of which received…

(Former?) Kid Crypto Millionaire Bashes Bitcoin (BTC), Calls It “Dead”

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Erik Finman, The “Teenage Bitcoin Millionaire” Erik Finman is likely a name you have heard in crypto’s lore. If this name doesn’t ring any bells, here’s some background on this near-mythical figure in Bitcoin’s history. As revealed in a Buzzfeed News video posted on Youtube, which has garnered 5.94 million views in its one and a half year lifespan, Finman was formerly an average American adolescent with dreams of grandeur, and an unbridled hate for college. Due to his hate for higher education, his parents decided that he wouldn’t have…