Day: May 6, 2020

Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst

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Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength. “Bitcoin is showing divergent strength versus the wobbly stock market,” he said, noting the cryptocurrency’s rapid decline on March 12, when it plunged 27%. BTC rose past $8,000 for the first time in several weeks at the end of April, largely spurred by the…

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Obama’s Under Secretary for Terrorism Appointed CEO of Libra

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May 6, the Libra Association announced the appointment of Obama’s former under secretary for terrorism as its first CEO. Stuart Levey served as an under secretary for terrorism under the administrations of George W. Bush and Barack Obama, focusing on the enforcement of all U.S. anti-money laundering and counter terrorist financing laws by the Financial Crimes Enforcement Network (FinCEN). In his most recent position, he served as the chief legal officer at HSBC. Levey’s appointment continues a trend of Libra trying to make peace with regulators. Bipartisan support The press…

Game Developers Can Implement Cryptocurrency Alternative to Ad Revenue

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Independent game developers face an almost insurmountable hurdle in their quest for success. Without a marketing budget, many have to give away their work for free. Their only hope is to recoup some of the development cost through in-game advertisements or micro-transactions — both of which are off putting to many potential players. Blockchain development team, BlockBastards, are hoping to change this with a new decentralized proof-of-play ecosystem called Qudo. Drag and drop Unity integration Qudo offers a blockchain-based alternative revenue stream which can easily be implemented into any game…

Ohio Lawmakers Propose Military Voter Blockchain Voting Pilot

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Democrats in the Ohio State House of Representatives have proposed launching a blockchain voting pilot for overseas military voters registered in the Buckeye State. Introduced Tuesday as part of the Democrats’ elections law overhaul, the bill calls on Ohio’s Secretary of State Frank LaRose to “establish a pilot program” of blockchain voting specifically for uniformed service members stationed outside the U.S. The bill was introduced by Reps. Beth Liston and Michele Lepore-Hagan, and cosponsored by a further 16 Democrats. The proposal is unusually detailed on blockchain’s role. If passed, it…

Blockchain Bites: Coinbase and BlockFi Make Big Hires, Tron Said to Get Coronavirus Relief

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UPDATE (May 6, 17:50 UTC): This article has been updated to clarify that the claim about Tron receiving a pandemic relief loan originated from the project’s Chinese social media channels, and to include a statement from a Tron spokesperson in the U.S. Justin Sun’s Tron platform claimed to have received a $2 million pandemic relief loan intended for small businesses. Coinbase has scooped up employees from the now-defunct TokenAnylist startup while BlockFi has poached two executives from Credit Suisse and American Express to join its lending firm. Here’s the story:…

Blockchain Bites: Coinbase and BlockFi Do Some Major Hiring, Tron Gets Coronavirus Relief

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Justin Sun’s Tron platform successfully applied for a $2 million pandemic relief loan intended for small businesses. Coinbase has scooped up employees from the now-defunct TokenAnylist startup while BlockFi has poached two executives from Credit Suisse and American Express to join its lending firm. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters here.  Top Shelf Transaction Throttling BitMEX’s daily broadcast of transactions may be spiking Bitcoin fees. The exchange…

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Bitcoin News Roundup for May 6, 2020

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BTC stays above $9K while some startups wrestle for market share. It’s CoinDesk’s Markets Daily Podcast. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original

Maze Ransomware Group Hacks Two Plastic Surgeons

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A cybercrime group recently infected two plastic surgery studios with ransomware. They subsequently leaked patient’s social security numbers and other sensitive information onto the internet. Emsisoft threat analyst, Brett Callow, told Cointelegraph on May 5 that Maze recently took credit for hacking a plastic surgeon named Kristin Tarbet. They also claim to have hacked the Ashville Plastic Surgery Institute. He explained that in Tarbet’s case, the hackers have already leaked highly sensitive data: “The data that has been posted included names, addresses, social security numbers as well as what appears…