Kim Jong-Un in Good Health, Crypto Will Help Fight Imperialism

North Korean supreme leader Kim Jong-un’s state of health is good, according to an individual associated with the government. Special Representative of the Foreign Ministry Alejandro Cao de Benos de Les Perez told Cointelegraph that Kim Jong-un is in good health on April 28. His remarks contrast with recent reports about the leader’s ill health and death. There’s a place for cryptocurrency in North Korea Cao de Benos also told Cointelegraph that, while he cannot confirm the rumors about Jong-un holding significant quantities of Bitcoin (BTC), he believes the cryptocurrency…

Ethereum Near Levels That Sent Price 25% Down in 2019

The Ethereum price hits eight-week high after rising alongside top rival Bitcoin in tandem. The second-largest cryptocurrency faced resistance near $212, but it could close above it owing to a bullish macro narrative. Its real challenge is to extend its breakout above $226, a level notorious for capping Ethereum’s bullish advances. The price of Ethereum hit an eight-week high after taking cues from its top rival, Bitcoin, which too rose to record levels on Wednesday. The ETH-to-dollar exchange rate established an intraday high at $211.60, up 7.61 percent since the…

Dlive, a Controversial Blockchain-based Live Streaming Platform

What is Dlive? Dlive (Dlive.tv or Dlive TV) is one of the largest and most controversial blockchain-based live streaming platforms. Dlive is powered by the Lino blockchain, on which you can build your own value-sharing content-based economy and promises that “content creators, viewers, and all other contributors are fully and fairly incentivized.”  Problems with Traditional Streaming Platforms While traditional streaming platforms like YouTube and Vimeo have been popular over the years, content creators have been very public about their frustrations with these platforms and their administrators. These problems include: (1)…

Bitcoin Wallets Are Adopting This Tech to Simplify Lightning Payments

The Lightning network might be key to the future of bitcoin, but it still has a long way to go in terms of user experience. To tackle this issue, the standard known as Lnurl is quietly gaining ground. Without much fanfare, it’s been adopted in some of the most popular Lightning wallets including Zap, Phoenix, Breez, Blue Wallet and Wallet of Satoshi, as well as dozens of other apps.  Sending or receiving Lightning payments can often require a bit of set-up and a number of steps. Lnurl aims to simplify…

Colorado Hospital Patient Information System Hit by Crypto Ransomware

Hackers have infected the infrastructure of Parkview Medical Center — the largest health center in Pueblo County, Colorado — with cryptocurrency ransomware. Citing a hospital employee, Fox News reported on April 24 that Meditech — the Parkview Medical Center’s system for storing patient information — was infected with ransomware and rendered inoperable. The hospital confirmed the incident in a statement: “On Tuesday, April 21, Parkview Medical Center was the target  of a cyber-incident which has resulted in an outage in a number of our IT systems.” As Cointelegraph recently reported, ransomware…

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DeFi Is Exposing Inadequacies of Cold Storage, Says Crypto Custodian

Cointelegraph spoke to Anchorage co-founder and president, Diogo Monica, to get his take on how the rise of decentralized finance (DeFi) is impacting the crypto custodian sector. Monica stated that the increasing complexity of DeFi “is beginning to expose the inadequacies of cold storage custody and manual human operations.”  Anchorage’s president emphasized the additional risks incurred through the array of on-chain actions necessitated by many DeFi protocols, stating, “We see in our support for MKR governance, executive voting, and polling that clients want and often need to participate in on-chain…

Why Bitcoin Hit $8k Ahead of FOMC Update, Wiping Out Coronavirus Losses

Bitcoin closed above $8,000 this Wednesday, wiping all its Coronavirus-induced losses from mid-March. The cryptocurrency’s move uphill came ahead of Jerome Powell’s press conference at 1430 ET today. The Federal Reserve chairman is likely to discuss strategies to tame the contracting economy, with investors expecting him to keep the interest rates lower. Bitcoin jumped above $8,000 for the first time in almost two months as investors braced for the Federal Reserve’s views on the health of the U.S. economy. The bitcoin-to-dollar exchanged surged 5.52 percent to top at $8,180 on BitMEX,…

Arab Bank Switzerland Leads Major Series A for Swiss Digital Assets Firm Taurus

Arab Bank Switzerland has closed a Series A financing round for Swiss digital asset infrastructure firm Taurus Group. While undisclosed, the amount is reported to be an “8-digit” figure in Swiss francs — implying a $10 million+ investment. In September last year, Arab Bank Switzerland and Taurus had partnered to offer the bank’s clients Bitcoin (BTC) and Ether (ETH) custody and brokerage services. Today, the bank has revealed it will add XRP to this service next month. Investment will enable Taurus to expand to the wider European market Arab Bank…