October 25, 2019

TRON Will Partner With $100B ‘Mega Corporation’ Next Week

October 25, 2019 boss

Justin Sun has teased an upcoming announcement that involves Tron (TRX) partnering with an unnamed “mega corporation.” “Make a guess?” Sun, the master of hype and CEO of Tron, took to Twitter on Oct. 25 where he made one of his infamous announcements in order to excite his followers with a message that barely contains enough details to even describe what the announcement could be about. This time around, Sun started off by saying that Tron will be partnering with a corporation that would seem to be valued at somewhere…

Big Crypto Exchanges Join Kakao’s Blockchain Division

October 25, 2019 boss

Malta-based crypto asset exchange OKEx is the latest name to join the blockchain project of the Korean social messaging giant Kakao. OKEx said in a press release that it hopes its involvement with Klaytn, as the public network is called, will help encourage blockchain adoption around the world. The public blockchain aimed at enterprise users has been on something of a recruiting drive of late. OKEx joins fellow crypto exchange Binance as a partner of Klaytn but in a different capacity. Crypto Exchanges Join Kakao’s Blockchain Department OKEx, one of…

Big Crypto Exchanges Join Kakao’s Blockchain Division

October 25, 2019 boss

AT&T Dragged to Court by Bitcoin ‘Hodler’ Losing Over $1.8M in Sim-Swapping Attack

October 25, 2019 boss

Seth Shapiro, a California resident who claims to have lost a massive $1.8 million worth of Bitcoin and altcoins through a SIM swapping attack in May 2018, has filed a lawsuit against AT&T. Shapiro claims the telecoms operator made it possible for hackers to gain control of his AT&T wireless phone number, using it to reset his passwords on crypto exchanges, reports AbcNews, October 24, 2019. AT&T Sued AT&T, a leading American multinational telecoms operator and conglomerate holding company has been dragged to court by a customer who claims to…

Ethereum 2.0 Validators to Earn up to 10% Annually for Staking: Report

October 25, 2019 boss

Ethereum 2.0 validators can expect to earn from 4.6% to 10.3% as rewards for staking on an annual basis, a senior ConsenSys exec says. 32 ETH required to become a validator Collin Myers, head of global product strategy at blockchain firm ConsenSys, reportedly claimed that in order to become a validator on the Ethereum 2.0, one is required to maintain a minimum amount of 32 Ether (ETH), which is worth $5,760 at press time. Myers revealed the news at a recent blockchain event Devcon 5, Coindesk reports Oct. 25. Ethereum…

Google’s Quantum Computer Still Far From Useful, Says Vitalik Buterin

October 25, 2019 boss

Ethereum co-founder Vitalik Buterin is not at all impressed by the perceived threat Bitcoin (BTC) faces from Google’s quantum computer. Buterin took to Twitter on Oct. 23, where he commented on the news that Google had achieved quantum supremacy, meaning that a quantum computer has solved a mathematical calculation that would take any traditional computer millenia to solve. Buterin shared a seemingly snarky analogy: “My one-sentence impression of recent quantum supremacy stuff so far is that it is to real quantum computing what hydrogen bombs are to nuclear fusion. Proof…

Price Analysis 25/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

October 25, 2019 boss

Bitcoin managed a sharp turnaround just a day after 10% price dump. Does this increase the possibility of a bottom formation? The total market capitalization has bounced from very close to the $200 billion support, which is a positive sign. The pullback from the dip on Oct. 23 has been broad-based with Bitcoin (BTC) and several altcoins doing well. This shows that the crypto space is generating interest among buyers. Cryptocurrency market daily performance. Source: Coin360 Many major cryptocurrencies are showing signs of selling exhaustion. When the bulls buy breakdowns…

Altcoins React on BTC’s Sudden Surge, Some Major Coins Post Double-Digit Gains

October 25, 2019 boss

Following Bitcoin’s (BTC) sudden jump earlier in the day, altcoin markets have also entered the green zone, with some of the major cryptocurrency markets registering solid growth. Cryptocurrency market daily overview. Source: Coin360 Bitcoin had been hovering around $7,500 during the day until it suddenly surged over $500 in just five minutes to the $8,391 price mark. At press time, the leading crypto is trading at around $8,541, up by nearly 15% on the day. Bitcoin 24-hour price chart. Source: Coin360 Top-20 coins are posting gains as well, with some…

After 6-Hour Libra Grilling, Congress Unconvinced

October 25, 2019 boss

On Oct. 23, Mark Zuckerberg, founder and CEO of social media platform Facebook, appeared before the U.S. House Financial Services Committee to testify on the prospective global cryptocurrency Libra, which his company is backing. He ended up enduring almost six hours of mostly critical questioning, as some of the legislators used the occasion to raise their concerns about many problematic aspects of Zuckerberg’s social media empire, even those not directly related to the cryptocurrency’s operation. Those who expected the hearings to shed light on many substantive questions regarding Libra’s design…

Hackers Breach Johannesburg’s Civil Website Demanding BTC Ransom

October 25, 2019 boss

Hackers have compromised the website of the city of Johannesburg, South Africa, and demanded ransom in Bitcoins (BTC). The city announced the hack on its official Twitter account on Oct. 25. The city wrote that it had “detected a network breach which resulted in unauthorised access to its information systems.” As a result, the breach affected several customer-facing systems — hardware or software customers interact with directly, such as user interfaces and help desks. The breach has frozen those operations. The ransom and investigation Following the attack, cybercriminals calling themselves…