Day: February 26, 2020

Raising $100K for Cashfusion’s Security Audit, Bitcoin.com Matches Donations to Improve BCH Privacy

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Bitcoin.com is a proponent of privacy and we have been monitoring Bitcoin Cash projects like Cashshuffle and Cashfusion closely. Last March, Cashshuffle was officially released after a security audit from Kudelski Security, and since then millions of dollars worth of BCH have been shuffled. Our web portal aims to help speed up the process of Cashfusion’s official release, so we created a fundraiser to raise $50,000 for Kudelski to audit the protocol’s codebase and another $50K for ongoing development. Also Read: How to Check the Bitcoin Price, Hashrate, Data –…

Bitcoin Nears Key Levels as Price Crashes Under $8,900

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Bitcoin, as put by a number of analysts, is “puking.” As of the time of writing this article, the cryptocurrency has plunged to $8,850 on most major crypto exchanges, with BTC posting a performance of -5% in the past 24 hours. This price action over the past 24 hours has liquidated $55 million worth of BitMEX positions, per data from Skew, shaking out the many investors who had longed BTC in the low-$9,000s, expecting a return to $10,000 and beyond. With the sell-off shows no signs of abating — the…

Coronavirus Could Crush Overvalued Amazon Stock

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Amazon has relied on ‘Just In Time’ inventory management to keep its online business profitable. The coronavirus outbreak means Amazon will have to spend a lot of money on inventory storage. This will eat into its razor-thin profits. Heavy dependence on China will come back to bite. Online retailer Amazon (NASDAQ:AMZN) sells over a hundred million products. A significant portion of these products are manufactured in China. This heavy reliance means the e-commerce giant has to stay in touch with Chinese manufacturers at all times. Regular contact with Chinese manufacturers foretold…

Swiss Stock Exchange Partners with Omniex to Access Crypto Exchanges

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Switzerland’s leading stock exchange, SIX Swiss Exchange, has announced a partnership with Omniex – a San Francisco based firm that develops trading platforms designed for institutional investors targeting the crypto asset markets. According to a Feb. 25 press release published by SIX, the partnership will provide the firm and its clients with a gateway to digital exchanges including crypto and market makers. The deal has also seen SIX become an Omniex shareholder after making an investment of an undisclosed sum.  The partnership will extend to SIX’s forthcoming SIX Digital Exchange…

Clueless Bureaucrats Blame Apple for Tesla Driver’s Stupidity

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NTSB thinks Apple should shoulder some of the blame in a fatal Tesla Model X accident. The victim in the Silicon Valley freeway accident was playing a video game on a mobile device. It’s ludicrous to blame Apple for a distracted driver’s stupidity. Regulators make unintelligible decisions and incoherent statements all the time. But in doling out blame for the death of Apple employee Walter Huang, who crashed his Tesla Model X while playing a video game, the National Transportation Safety Board (NTSB) really takes the cake. It is clear…

Compound Extends DeFi Ethos to Itself, Launches Governance Token

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Decentralized finance (DeFi) platform Compound is going ahead and decentralizing itself. “My personal belief is that nobody would use bitcoin if it was run by the ‘Bitcoin Corporation,’” Robert Leshner, Compound’s founder, told CoinDesk in a phone call. “Its power comes from the fact that nobody truly controls it.” In that spirit, Compound is launching the testnet of its experimental governance platform today, complete with a trial version of its COMP governance token. Launched in late 2018, Compound has held steady as a top-three DeFi dapp on ethereum basically as…

Donald Trump Will Rescue the Stock Market Just in Time for His Re-Election Campaign

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The stock market is cratering and Donald Trump has the coronavirus to blame. It’s possible that Trump will force the Federal Reserve to cut rates. Further rate reductions will likely strengthen the economy and the stock market just in time for the presidential elections. Eight months away from the presidential elections, Donald Trump issued a dire warning that the stock market “will crash like nobody has seen before” should voters choose to kick him out of the White House. It appears that voters don’t have to wait for the presidential…

Coronavirus Is Creating Weird Real-Life Parallels to Death Stranding

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A video uploaded to Twitter yesterday depicts an unlikely scene in Innsbruck, Austria. The imagery is reminiscent of Death Stranding. In particular, it conjures memories protagonist Sam Bridges, burdened by deliveries. The events in the video appear to have occurred due to growing coronavirus concerns. Whether you were taken by Hideo Kojima’s apocalyptic walking simulator or not, Death Stranding has left some lasting imagery in its wake that is sure to echo throughout the gaming industry for years to come. Sam Bridges, laden with cargo, trudges across inhospitable terrain. An…

How Bitcoin Responds to Key Level Will Set Tone for “Pre-Halving” Period

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Bitcoin’s recent turbulence has come fresh on the heels of the cryptocurrency’s intense bull rally seen throughout the past couple of months, with buyers propelling the crypto from lows of $6,800 to highs of $10,500. Unfortunately for bulls, the resistance BTC has found within the $10,000 region has been insurmountable, leading the cryptocurrency to face multiple swift rejections within the price region. Analysts are now noting that how Bitcoin responds to its current price level will be imperative for gaining insight into how it will trend going into its “pre-halving”…

South Korea’s Bithumb Launches Zero Fee Transfers to Global Platform

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South Korea’s largest cryptocurrency exchange, Bithumb, has announced it will take another step towards global expansion by strengthening integration with its international arm. On Feb. 26, Bithumb launched a new digital asset transfer service between the South Korean exchange and Bithumb Global, an new international digital asset exchange released by Bithumb in October 2019. Meanwhile, South Korean authorities are considering imposing a 20% tax on income from cryptocurrency, evidently pushing the biggest local exchanges to reinforce their foreign operations. KYC tier 2 verification is required to use the new service…