Day: June 13, 2019

Crypto in the USA | Cointelegraph Documentary

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The Cointelegraph team traveled across the United States to get a sense of what the general sentiment about crypto is there and where the industry is heading. We talked to a number of interesting people we met during our journey, including the owner of a night club, a venture capitalist, a former adult film star, a lawyer and a crypto millionaire. In June 2019, Cointelegraph is going to release two more videos: Blockchain Island Part II as well as Sex and Crypto. To watch more Cointelegraph videos, follow us on…

GateHub Releases PSA on Phishing Scam Targeting Its Ripple Wallet Users

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Ripple (XRP) wallet and gateway-as-a-service provider GateHub has warned that there is a phishing scam campaign targeting its cryptocurrency wallet users, as per an announcement on June 13. According to the announcement, GateHub’s wallet users are being sent malicious emails from addresses that look like they are from GateHub: “@gatehub.com” and “@gatehub.net.” The emails instruct the users to transfer their funds to a “secure” wallet, which is owned by the attacker, because their private keys are allegedly compromised due to insufficient security precautions. GateHub notes that, in addition to the…

Fundstrat: Technical Indicators Show Bitcoin Poised for Another go at $9k

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According to a technical analysis by a Fundstrat strategist, the cryptocurrency market is set for renewed price gains. Per a Bloomberg report on June 13, 2019, Litecoin could also continue its positive start to the year as its halving inches closer, creating further hype which could push its price even higher. Improving Technicals Could Mean New $9k Assault for Bitcoin Rob Sluymer, Fundstrat’s Technical Strategist, believes bitcoin might be poised for another push towards the $9,000 price mark. Such a move would signal an end to the current decline that has characterized…

Bitcoin Can Be a Hedge During Persistent Liquidity Crises: Grayscale

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By CCN Markets: Global financial crises are on the rise, thrusting bitcoin into the spotlight. Legendary investor Warren Buffett called bitcoin “rat poison squared,” but it turned out to be nectar, nevertheless. The world’s largest cryptocurrency’s valuation jumped approximately 47 percent between May 5 and May 31 to close the month nearly $8,500. The same period witnessed the U.S. market’s benchmark indicator, the S&P 500, drop by approximately 6 percent. The bitcoin price was on a tear in May. | Source: TradingView Analysts called the bitcoin price surge a net…

McAfee Trading Platform Suffers DOS Attack Upon Launch

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Cryptocurrency enthusiast John McAfee’s crypto trading platform was immediately targeted by hackers with a denial of service (DOS) attack following its launch, according to an official Twitter post from McAfee on June 12. According to the post, the web servers for the “McAfeeMagic” trading platform, were hit with a cloaked High Orbit Ion Cannon (HOIC) DOS attack. Cybersecurity website Imperva describes an HOIC DOS attack as stressing a network by “flooding target systems with junk HTTP GET and POST requests.” However, McAffee tweeted the same day that the website was…

Dark Horse Cryptocurrency Spikes 60% After Surprise Google Shout-Out

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By CCN Markets: A little-known cryptocurrency spiked more than 60% after Google gave the project a surprise shout-out in an equally-unexpected blog post on how to use Ethereum and Google Cloud to build hybrid blockchain applications. Google Sends Chainlike Cryptocurrency Into the Stratosphere That cryptocurrency, Chainlink (LINK), enjoyed a parabolic swing that launched its price as high as $2.00 on Binance. Just hours earlier, LINK had traded below $1.10. The Chainlink cryptocurrency spiked after Google showed how developers could use LINK to allow their Ethereum smart contracts to communicate with…

Binance Says It’s Launching a US Exchange With FinCEN-Registered Partner

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Binance, the world’s largest cryptocurrency exchange by volume, is launching a U.S. division. The Malta-based company said Thursday it is setting up Binance US, a new trading platform specifically targeting U.S. customers, in partnership with a firm called BAM Trading Services. The platform will be operated by BAM, while using Binance’s wallet and matching engine technologies. The exchange did not provide a firm timeline for the launch. The move would represent the first formal entry into the U.S. market by Binance, although residents have already been able to access its trading…

Number of Blockchain Patent Filings Outstrips Other Technologies

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The number of global blockchain patent filings significantly outstrips the patent filings for other technologies, according to research by the Swiss Federal Institute of Intellectual Property (IPI) and London-based law firm Withers & Rogers. British media outlet Compelo reported the results on June 5. According to the report, the amount of blockchain patents in the world is far outpacing that of quantum computing, as the number of blockchain patent families has already exceeded that of quantum computing. The report says that the number of blockchain-related patent filings has grown tremendously…

Huawei Considering Launch of Blockchain Services in Latin America

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Chinese telecommunications hardware giant Huawei is studying the entire Latin American market and considering expanding its operations, Cointelegraph Brazil reports on June 13. Per the report, a Huawei executive said at the CIAB Febraban conference on June 11 that it is possible its blockchain-enabled products and services will soon be available on the continent. The executive in question — who asked to remain anonymous — noted: “Everything will depend on the outcome of our market analysis and in case there is a market demand for blockchain we will make our…

Bitcoin (BTC) Ranging, Will Warren’s View Change After July?

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Bitcoin (BTC) ranging but up 4.4 percent Adoption depends on the level of BTC awareness Unrelated, Justin Sun may clear any lingering doubt if he successfully convinces Warren Buffet to pour his billions into blockchain and crypto. It will be a momentous breakthrough. Justin will be lauded, perhaps immortalized. However, Bitcoin will be the biggest beneficiary, given its liquidity and popularity. Currently, it is up 4.4 percent and ranging with caps at $8,500. Bitcoin Price Analysis Fundamentals Crypto, and Bitcoin, in particular, is unique. Founded by principles fronting independence and…