Day: March 2, 2020

Bitcoin Momentum Investing — Does Buy the Dump, Sell the Pump Work?

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This week as equities markets plummeted across the globe, Bitcoin (BTC) price also faced a sharp correction. Over the past week Bitcoin price has dropped $1,500 and currently trades at $8,454, a new four week low.  Since the start of the year Bitcoin and most major altcoins showed an impressive gain in price, leading analysts to suggest that a bull-run was brewing for 2020, an idea now being challenged by the current pull-back.  As has been the norm, on one side, there are bullish enthusiasts aiming for sky-high valuations; on…

Cybersecurity Experts Warn Against Popular Phones and Losing Fingers to Criminals

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Speaking at the RSA Conference in San Francisco, cybersecurity experts Aaron Turner and Georgia Weidman discussed two-factor authentication and biometrics as means to securing one’s phone. Although they concur that the two-factor authentication is the way to go, there are certain caveats. Authenticator apps like Google Authenticator generally provide better security than SMS-based schemes, however, they are only as good as the devices running them. iOS v. Android — safest phones Turner also dispels the myth that iPhones are more secure than Android devices and warns against iPhones that run…

Marshall Islands’ Sovereign Digital Currency Will Be Based on Algorand

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The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as technology partner for its national digital currency. After first revealing its planned digital currency — the Marshallese Sovereign (SOV) — back in February 2018, the Marshall Islands has taken a further step in the development by partnering with major blockchain startup Algorand. SOV supply will be algorithmically fixed to grow at 4% each year According to a March 2 announcement, SFB Technologies, the company that develops SOV’s blockchain infrastructure, revealed that the Marshallese digital currency will be…

West Virginia Abandons Blockchain Voting in Favor of Paper

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On Feb. 27, West Virginia decided against using blockchain-based platform Voatz for residents with disabilities and citizens residing abroad to cast their votes in the state’s upcoming primary election. Instead, citizens will vote using a platform offered by Democracy Live. The platform allows voters to either fill out a ballot or print and post it. Democracy Live and Voatz share entrepreneur Bradley Tusk as an investor. Democracy Live is already in use for disabled voters in the state of Washington, and select counties in California and Ohio. MIT audit reveals…

US Treasury Department Blacklists 20 Bitcoin Addresses Tied to Alleged North Korean Hackers

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The U.S. Treasury Department’s Office of Foreign Asset Control has added 20 new bitcoin addresses associated with two individuals to its list of sanctioned individuals. According to an update to OFAC’s “Specially Designated Nationals” (SDN) list, Jiadong Li and Yinyin Tian are accused of being linked to the Lazarus Group, a cybercrime group possibly affiliated with the North Korean government. The group has been accused of stealing more than half a billion dollars in crypto as far back as 2018, when cybersecurity vendor Group-IB claimed it had targeted 14 different…

Riot Games’ Valorant Teases Perfect Mix of Creativity & Lethal Gun Play

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Riot Games has officially revealed its 5v5 character-based tactical shooter, Project A, will be named Valorant. Valorant will release in Summer 2020. From a gameplay-focused development to a robust server back-end, Valorant has all the hallmarks of a hit in the making. After several overt hints surfaced last week about Riot Games’ Project A, the League of Legends developer has officially unveiled the game as Valorant. The League of Legends creator finally lifted the lid on “Project A.” | Source: Riot Games Project A Is Valorant Earlier today, the dormant…

Riot Games’ Valorant Teases Perfect Mix of Creativity & Lethal Gun Play

boss

Riot Games has officially revealed its 5v5 character-based tactical shooter, Project A, will be named Valorant. Valorant will release in Summer 2020. From a gameplay-focused development to a robust server back-end, Valorant has all the hallmarks of a hit in the making. After several overt hints surfaced last week about Riot Games’ Project A, the League of Legends developer has officially unveiled the game as Valorant. The League of Legends creator finally lifted the lid on “Project A.” | Source: Riot Games Project A Is Valorant Earlier today, the dormant…

Bitcoin Price Daily Gains Hit 3.2% as Analyst Eyes Rebound to $9.2K

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Bitcoin (BTC) continued to climb towards $9,000 on March 2, reaching a five-day high as markets appeared to recover from coronavirus fears. Cryptocurrency market daily overview. Source: Coin360 Van de Poppe: BTC price can reclaim $9K Data from Coin360 and Cointelegraph Markets placed the largest cryptocurrency at over $8,800 at press time, slightly down from highs of $8,900 seen earlier. Daily gains for BTC/USD totaled 3.2%, in line with a rebound on some traditional markets as states rush to supply financial stimulus packages to boost their economies. Bitcoin 1-day price…

EOSIO 2.0 Released but Vote-Buying and Centralization Concerns Persist

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Earlier in January 2020, Block.one released EOSIO 2.0 as an upgraded set of protocol improvements for the software underlying the $3.2 billion EOS blockchain. Following the release of the new version of EOSIO, some crypto exchanges like Coinbase have raised issues with the performance of the network, temporarily halting deposits and withdrawals. Meanwhile, the EOS community voted on a proposal to slash the network inflation from 5% to 1%, marking blockchain’s second massive token burn event since the second quarter of 2019. While some EOS proponents point to these milestones…

Iota Prepares to Relaunch Network in One Week

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Iota (MIOTA) began its seed migration period on Feb. 29, with plans to reopen the network around March 10. Though some have criticized the decision to close the Coordinator, it may have saved many users’ funds from being stolen. Potential Moonpay compromise The Iota network was shut off on Feb. 12, shortly after the team received multiple reports of drained user wallets. This was possible thanks to the presence of the Coordinator, a centralized transaction verifier that is required to operate the network. Shutting down the Coordinator stopped the attacker…