Day: June 17, 2019

Russian Hackers May Have Carried Out Largest Ever Crypto Exchange Theft

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Russian hackers, not North Korean, may be the bad actors behind probably the biggest ever theft from a cryptocurrency exchange. Japanese newspaper Asahi Shimbun reports Monday that virus variants known to be linked to Russian hackers have been found on employee computers at the Tokyo-based Coincheck exchange. Coincheck suffered a breach in January 2018 that resulted in the loss of 500 million NEM tokens worth around $530 million at the time – an amount even bigger than that lost by Mt. Gox. According to the report, the malware found at the exchange…

Bitcoin Futures Volume is Just 33% of the Spot Volume in May: JPMorgan Chase

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JPMorgan Chase suggests that there is an increase in institutional interest which caused the Bitcoin futures volume to increase by 118% compared to the volumes recorded in April. It is evident that the Bitcoin industry has changed considerably since 2017. According to JPMorgan Chase (JPM), there is an increase in institutional interest as reported by Bloomberg on June 15. That publication quoted a report that was led by Nikolaos Panigirtzoglou, the managing director of global market strategy of the United States’ biggest bank. Researchers and experts examined recent phenomena surrounding…

Bitcoin Volume in Hong Kong Spikes

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Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity. And as a result, many have looked to Bitcoin and its brethren — other digital assets — as a much-needed escape hatch from fiat and government overreach. Indeed, the cryptocurrency was released in the wake (and seemingly as a result) of the 2008 Great Depression, and many that…

3 Reasons Bitcoin Is Rallying Above $9K

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Bitcoin rose above $9,000 over the weekend, taking cumulative year-to-date gains to more than 150 percent. The leading cryptocurrency by market value clocked a 13-month high of $9,391 on Bitstamp on Sunday and was last seen trading at $9,200, representing 22 percent gains on last Monday’s low of $7,524. Cryptocurrency market experts and investors are associating the sharp price gains seen over the last six days with a number of factors, the most prominent being Facebook’s coming foray into cryptocurrencies. Facebook to launch ‘GlobalCoin’ The social media giant is set to…

3 Reasons Bitcoin’s Price is Rallying Above $9K

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Bitcoin rose above $9,000 over the weekend, taking cumulative year-to-date gains to more than 150 percent. The leading cryptocurrency by market value clocked a 13-month high of $9,391 on Bitstamp on Sunday and was last seen trading at $9,200, representing 22 percent gains on last Monday’s low of $7,524. Cryptocurrency market experts and investors are associating the sharp price gains seen over the last six days with a number of factors, the most prominent being Facebook’s coming foray into cryptocurrencies. Facebook to launch ‘GlobalCoin’ The social media giant is set to…

TiedCo Announces the Launch of Tiedcoin – the World’s First Japanese Stablecoin

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TiedCo Announces the Launch of Tiedcoin – the World’s First Japanese Stablecoin –  An Exclusive Partnership with the  BeaXchange Trading Platform The world’s first currency which is collaterised by the Yen and the Euro was announced by TiedCo. This is the first of its kind as it is a Yen-denominated cryptocurrency. The coin is called a Tied coin and it is a stable coin. TiedCo partnered with the beaxchange on this currency which can be repurchased for a value close to the face value by TiedCo. This cryptocurrency has a…

Bitcoin Surpasses One Million Daily Active Addresses

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Bitcoin (BTC) surpassed one million daily active addresses on June 14, according to blockchain statistics website CoinMetrics. Twitter user Kevin Rooke pointed out the current number of daily active on-chain addresses on June 15, resulting in mixed reactions from the community. For instance, one Twitter user noted that “using it and trading it are different things.” A different user attributed the current number of on-chain transactions to mixers, but failed to notice that even if an increase in mixer use were the reason for the rising active address count, it…

Tron’s Justin Sun Will Be Accompanied by Charlie Lee in a Lunch with Warren Buffet

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Photo: Fortune Conferences / Flickr Justin Sun, CEO of Tron seems to have some magical powers. As report speculates that the blockchain expert would be meeting with one of the most influential personalities in the financial sector – Warren Buffett, Chairmain and CEO of Berkshire Hathaway.  Dated to take place on July 25th, 2019, this 20th annual charity lunch will take place in Silicon Valley, San Francisco. As opposed to Buffett’s New York’s Steakhouse venue for such gathering, this variance is in a bid to honor a local charity that…

Tron’s Justin Sun Will Be Accompanied by Charlie Lee in a Lunch with Warren Buffet

boss

Photo: Fortune Conferences / Flickr Justin Sun, CEO of Tron seems to have some magical powers. As report speculates that the blockchain expert would be meeting with one of the most influential personalities in the financial sector – Warren Buffett, Chairmain and CEO of Berkshire Hathaway.  Dated to take place on July 25th, 2019, this 20th annual charity lunch will take place in Silicon Valley, San Francisco. As opposed to Buffett’s New York’s Steakhouse venue for such gathering, this variance is in a bid to honor a local charity that…

JPMorgan Seeking to Hire Bitcoin Tech Experts, Sees Bitcoin Futures ‘Understated’

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Photo: Shutterstock Controversial Wall Street banking giant JPMorgan Chase has been swinging its opinion on cryptocurrencies with time. With its chief Jamie Dimon criticizing cryptocurrencies heavily to the bank launching its native crypto token JPM Coin, it has come a long way. The latest report from The Block suggests that JPMorgan is looking to hire blockchain experts with Bitcoin tech knowledge. The job posting for the Director of Blockchain wants someone who has experience working with Bitcoin’s scalability solutions like the Lightning Network. However, a spokesperson from the company clarified…