Day: February 19, 2020

Gold’s Epic Rally Clears the Way for an Even More Insane Milestone

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Gold came within $5 of a new seven-year high, gaining 0.7% on the day. Bullion is rallying on renewed haven demand as investors assess the economic blow back of coronavirus. Citigroup is calling for $2,000/oz. gold in the next 12 to 24 months. The price of gold was approaching seven-year highs on Wednesday, as investors shrugged off a surging dollar that’s normally seen as a headwind for precious metals. Gold is rallying on the back of renewed haven demand as central banks prepare more easing measures to prop up sagging…

The Flash Loan Attacks Explained (For Everybody)

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Today we’re breaking down the flash loan attacks that rocked the DeFi community in a way even your grandpa can understand, presented in both audio and full-text format below. For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. John: The world of cryptocurrency is no stranger to fast money… Bitcoins, ethers, and thousands of others like them take just minutes or even seconds to send across the street or to the other side of the world.…

BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

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Eurekahedge’s index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year for cryptocurrencies, the January returns were a modest 4.85%. If the crypto hedge funds maintain their stellar performance this year, they are likely to attract further investments in this space. Coinbase is now a Visa principal member, the first crypto pure-play company to receive the membership. This will help the company to…

Oracle Employees Need to Shut Up About Larry Ellison’s Trump Fundraiser

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Oracle employees are protesting Larry Ellison for holding a Donald Trump fundraiser on his private property. Tech employees haven’t shied away from political activism, even against their employers. That doesn’t make their protests any less hypocritical. We’d already seen it at Google, Amazon, and Microsoft. Now it’s happening at Oracle. A petition drafted by angry employees is seeking to dictate who executive chairman and chief technology officer Larry Ellison is allowed to associate with in his free time. While most Silicon Valley employee protests have revolved around contracting with government…

Bitcoin-Only Exchange Coinfloor Now Focuses on Consumer BTC Services

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While the crypto community is talking about “altcoin season,” one of the world’s oldest crypto exchanges is calling BS on everything that is not BTC. After turning into a Bitcoin (BTC)-only exchange, the United Kingdom’s oldest cryptocurrency exchange Coinfloor is now expanding its consumer BTC services. Focused on Bitcoin, the world’s first ever cryptocurrency, Coinfloor is launching a range of new consumer-oriented investing and trading services in order to make Bitcoin easy for everyone, the firm said in an announcement shared with Cointelegraph on Feb. 19. Coinfloor wants to reduce…

Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020

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One of the financial hubs of the Middle East, the United Arab Emirates (UAE), is continuing to expand blockchain-driven developments. The Department of Economic Development (DED) of Dubai has established a Know Your Customer (KYC) blockchain consortium with six major banks. Dubbed “KYC Blockchain Consortium,” the new blockchain-powered regulatory platform is designed to accelerate processes like exchange of digital customer data and documents while ensuring security. The project also intends to bring a unified platform of KYC efforts among existing and future ecosystem members like qualified financial institutions and licensing…

Financial Services: The Coming Cataclysm

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Alex Tapscott is a venture capital investor, co-author (with Don Tapscott) of Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World and co-founder of the Blockchain Research Institute, in Toronto. The following excerpt, written by Alex Tapscott, is from his new book Financial Services Revolution, available in all good stores now. Facebook’s foray into cryptocurrencies should surprise no student of technology. After all, the digital revolution has transformed nearly every aspect of our lives, except banking. Financial intermediaries depend more or less on pre-internet technologies. Libra is simply the…

Metro Exodus Steam Launch Unaffected by Epic Store Exclusivity Fiasco

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Embracer Group reports that the Metro Exodus Steam launch has been “great.” The first-person shooter was embroiled in a heated controversy due to publisher Deep Silver’s decision to shift to an Epic Store exclusivity deal shortly before release. Steam reviews have spawned an odd Google glitch that highlights ongoing feelings of resentment from portions of the player base. Metro Exodus’ Steam launch is a success despite the controversy surrounding the game’s one-year Epic Game Store exclusivity deal. Metro Exodus’ Steam Success In an earnings presentation held yesterday, Lars Wingefors, CEO…

ICO Project Enigma Settles SEC Charges Over $45M Token Sale

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The U.S. Securities and Exchange Commission (SEC) has settled securities law violation charges with Enigma MPC, a blockchain startup which raised $45 million in a 2017 token sale. The regulator announced Wednesday that under the settlement, Enigma will refund “harmed investors” using a claims process, register its tokens as securities with the SEC, file reports to the agency and pay a further $500,000 as a penalty. Enigma sold ENG tokens in 2017, which the SEC said are securities. Engima did not qualify for an exemption from securities registration requirements, according…

Tim Draper Buys 2.5% of Aragon Tokens, Becomes Governance Whale

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Venture capitalist Tim Draper has taken a 1 million ANT stake (worth about $760,000 at press time) in Aragon, a decentralized governance project that began on ethereum.  The move, disclosed in a press release Wednesday, gives Draper control of about 2.5 percent of Aragon’s total token supply. Draper is a long-time crypto evangelist and serial project backer. The Switzerland-based Aragon Association is attempting to build a digital judicial system for decentralized autonomous organizations (DAOs) and its own Aragon network. Any ANT holder with 1,000 tokens can participate in “Aragon Court,”…