May 28, 2020

Bitcoin Volatility Expected as $328M in BTC Derivatives Expire Friday

May 28, 2020 boss

CME Bitcoin (BTC) futures and options markets are set to mature this Friday and traders are closely watching to see how spot prices will react to this event. The contracts expire every two months and according to market analysts, they negatively influence BTC’s price in spot markets. In fact, recent data from Cointelegraph and Arcane Research found that there is a 2.3% drop ahead of CME expiry. Although some investors claim manipulation could have been behind the price drops preceding CME contracts expiration, the futures average daily volume has been…

Here’s the Path Forward for Ethereum to Set Fresh Yearly Highs

May 28, 2020 boss

Ethereum has been pushing higher throughout the past day alongside Bitcoin and most other major altcoins. This climb has come about after an extended period of sideways trading within the lower-$200 region. It does appear that buyers are now attempting to lay the groundwork for it to see even further upside. One analyst even believes that there is a simple path forward for ETH to set fresh yearly highs of over $290. In order for this possibility to come to fruition, it is imperative that buyers garner enough buying pressure…

Twitter Evidence May Prove Hal Finney Is Not Satoshi

May 28, 2020 boss

A tweet from 2010 may provide evidence that Hal Finney is not Satoshi Nakamoto. In a recent Cointelegrpah interview, Laszlo Hanyecz, who worked closely with Satoshi Nakamoto in 2010, said that Satoshi had no familiarity with the Mac ecosystem: “He didn’t have a Macintosh. He didn’t know how to build it for Mac.” Consequently, Satoshi asked him to develop a MacOS version of the Bitcoin client, which he eventually did. Both Finney & his wife owned a Mac in 2010 However, a 2010 tweet from Hal Finney tells us that…

Tether Explains Why It Hasn’t Burned Any USDT

May 28, 2020 boss

Tether (USDT) cites the popularity of its Ethereum (ETH)-based asset as the reason why the company has never burned a single token. The recent report from Flipside Crypto concluded that Tether is not in the practice of burning its Ethereum tokens: “We can also see that no tokens ever go to the “burn” category, which means that throughout the course of April no USDT supply was destroyed. Looking at the full history of USDT on Ethereum, we found that no tokens have ever been burned.” Ethereum is too popular Paolo…

The Dow Won’t Stop Rallying Because Wall Street Is Impervious to Pain

May 28, 2020 boss

The Dow Jones scored its third straight daily gain on Thursday. Awful economic data releases continue to create no headwinds for a buoyant U.S. stock market. Dow bulls are banking on a big third quarter, with little margin for error. Dow bulls ignored another wave of titanic unemployment claims and a downward revision to U.S. Q1 GDP on Thursday. Stock market momentum continues to defy an extremely precarious economic situation in the United States, and all three of Wall Street’s major indices rallied in unison. The Dow rose 53.38 points…

Will Trump’s Social Media Executive Order Help Against Crypto YouTube Bans?

May 28, 2020 boss

Those in the know expect President Trump to sign a fresh executive order today, imposing greater accountability on social media providers. The order draft, labeled at press time as “Preventing Online Censorship,” brings further clarity to social media industry boundaries, ABC News said on May 28. “This will be a Big Day for Social Media and FAIRNESS!” Trump tweeted on the morning of May 28. The order follows Twitter fact checking efforts Social media powerhouse Twitter recently flagged certain tweets with a fact-check tag. The platform flagged some of Trump’s posts…

Torus Launches Key Management System to Streamline DeFi

May 28, 2020 boss

Crypto key management platform, Torus, has launched its non-custodial key management solution DirectAuth — enabling streamlined log-in experiences for web3 applications. DirectAuth builds on top of the Torus Wallet, which facilitates one-click logins for decentralized applications, or dapps. The addition of DirectAuth allows persistent logged-in action, streamlining transactions and signing from within a single app. DirectAuth utilizes multi-party computation, or MPC, for distributed key generation. Users can also send ERC-20 and ERC-721 tokens to Google emails, Reddit usernames, or Discord IDs through Torus. Torus wants to streamline Web3 experiences Speaking…

A New Ransomware Deploys Human-Operated Attacks Against Healthcare Sector

May 28, 2020 boss

Microsoft’s security team revealed a new ransomware that is deployed in human-operated attacks. It uses “brute force” against a target company’s systems management server, and mainly has targeted the healthcare sector amid the COVID-19 crisis. According to a series of tweets published by the tech giant on May 27, the human-operated ransomware attack, named “PonyFinal”, requires hackers to break the security scheme of corporate networks in order to deploy the ransomware manually. That means PonyFinal doesn’t rely on tricking the users into launching the payload through phishing links or emails.…