Day: February 10, 2020

Parasite’s Oscars Win Ignited the Dumbest Right-Wing Outrage Imaginable

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Parasite, the breakout film from South Korean director Bong Joon Ho, won four Oscars. Political commentator Jon Miller was furious that a foreign film won best picture – especially since its director doesn’t even speak English. This is one of the dumbest things to ever come out of the Oscars. South Korean film Parasite had a historic night at the Oscars, picking up four Academy Awards and becoming the first non-English film to win best picture. Much to the delight of director Bong Joon Ho. But not everyone was delighted.…

BitGo Grows Crypto Custody Options With New Swiss and Germany Entities

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BitGo is expanding its institutional cryptocurrency storage service to Europe with the launch of two entities in Switzerland and Germany. The Palo Alto, California-based firm said Monday the new custody options will allow clients to choose the jurisdiction that best suits their needs. The Swiss entity, BitGo GmbH, is a member of the Financial Services Standards Association, overseen by the Swiss Financial Market Supervisory Authority, as per the announcement. The new German entity, BitGo Deutschland GmbH, is already operational but not yet licensed. BitGo Deutschland “will apply for regulatory approval…

Is China Burning Thousands of Infected Bodies?

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Evidence suggests that crematoriums are running 24×7 and burning thousands of infected dead bodies in a day. Data has suggested a massive amount of sulfur dioxide is being released into the air. Sulfur concentration is especially high around Wuhan and Chongquing, the cities most affected by the Wuhan coronavirus. The massive release could be because of the crematoriums burning dead bodies en masse on the outskirts of the cities. Evidence suggesting that the Chinese government is hiding the actual severity of the Wuhan coronavirus outbreak is piling up. Every estimate,…

Cryptojacking Protection an Area of Focus for Microsoft’s Edge Browser

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Edge, the web browser of information technology giant Microsoft, now blocks cryptojacking malware. A Microsoft Edge spokesperson told Cointelegraph on Feb. 10 that the latest version of the web browser features a new PUA (Potentially Unwanted Apps) blocking feature that may block some illicit cryptocurrency mining malware. When asked about whether Microsoft plans to protect Edge users from illicit cryptocurrency miners, the spokesperson said that “this will be a particular area of focus.” As cryptojacking is increasingly becoming a cybersecurity threat, efforts to tackle the issue are also scaling up.…

Ukraine Won’t Regulate Crypto Mining, Government Ministry Says

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Ukraine’s Ministry of Digital Transformation has indicated it won’t be creating regulations for the crypto mining sector. In a document published on Friday, the government branch responsible for the digitization of Ukraine’s economy listed the main principles of the country’s approach to the crypto assets. The main goals for the government in the field should be “formation and implementation of state policy in the field of digitization, digital economy, digital innovation, e-governance and e-democracy, development of information society; assuring the development of virtual assets, blockchain and tokenization, artificial intelligence,” the…

Dow Futures Shudder as WHO Issues Chilling Coronavirus Warning

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Dow Jones Industrial Average (DJIA) futures were flat on Monday. Coronavirus fears continue to dampen investor sentiment as the World Health Organization admits current figures could just be “the tip of the iceberg.” Even Wall Street bulls are bracing for a 10% correction in the stock market. The stock market remains on edge this morning after a chilling message from the World Health Organization (WHO) director-general. Dow Jones Industrial Average (DJIA) futures were nervous as Tedros Adhanom Ghebreyesus said the coronavirus outbreak is just getting started. In short, we may…

Tether Launches USDT Stablecoin on Algorand Blockchain

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Leading stablecoin operator Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake (PoS) blockchain. In a press release on Feb. 10, Tether announced that USDT on Algorand will feature confirmation times as low as four seconds and transaction fees of a fraction of a percent. Tether chief technical officer Paolo Ardoino said: “Our latest collaboration with Algorand leverages the speed and security of Algorand’s protocol to give traders fast settlement and reduced counterparty risk in their fiat to digital asset transactions.” The latest platform to host USDT Per…

Bitcoin Dips on Profit-taking but Fundamentals Show Its Parabolic Rally is Not Finished

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Bitcoin slipped huge a day after enjoying a strong price rally above its key resistance level of $10,000. The benchmark cryptocurrency was trading at $9,736 early Monday, down 4.35 percent from its Sunday top, according to US exchange Coinbase. Nevertheless, it was still up by more than 36 percent at its intraday low, maintaining the position of one of the best-performing assets of 2020 so far. Bitcoin in a stable uptrend in 2020 | Source: TradingView.com, Coinbase Similar rival cryptocurrency, like Ethereum and XRP, was also down by circa 4…

US Bitcoin Firm BitGo Launches Two New Crypto Custodies in Europe

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Major digital asset financial services firm BitGo is expanding its global reach by setting up two new regulated custodial entities in Europe. BitGo, a United States-based firm that claims to process over 20% of all Bitcoin (BTC) transactions, has established new custodial subsidiaries in Switzerland and Germany, the company announced Feb. 10. As the two new entities are regulated by different financial authorities, BitGo intends to allow its clients to choose the jurisdiction that is best suited to their business. As such, BitGo GmbH, the Swiss entity of BitGo, is…

New Crypto Exchange Altsbit Says It Will Close Following Hack

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A cryptocurrency exchange that only launched in the last few months says it has been hit by a hack that it can’t afford to cover. Altsbit – a platform reported to be based in Italy, though it doesn’t make this clear on its website or social media – announced the breach last Thursday, stating on Twitter: “Unfortunately we have to notify you with the fact that our exchange was hacked during the night and almost all funds from BTC, ETH, ARRR and VRSC were stolen. A small part of the…