June 4, 2020

Bitcoin Trading App Offers Traders New Wealth Opportunities – Blockchain News, Opinion and Jobs

June 4, 2020 boss

Bitcoin trading is widely known as the selling and buying of bitcoin. To break this down, purchasing bitcoin at a lower price could mean that you are paying a low amount for a high bitcoin amount. On the other hand, selling bitcoin at a higher price could mean that you get a high amount of currency (fiat) for a low number of bitcoins. Before you go on trading or before you explore many things in the bitcoin world, it would be best to know the basics. You may still ask,…

Crypto Integration Brings Thousands of New Users to Popular Chat App

June 4, 2020 boss

South Korean company, Kakao, announced that its new crypto wallet function surpassed 100,000 users in less than a day in its chat app, KakaoTalk. The feature went live on June 3. According to the internet giant, KakaoTalk’s Klip was launched with support for 11 cryptocurrencies. Nearly 90% of the country’s population currently uses the chat app, and the company hopes to draw them all into the crypto sphere. Klip is a mobile wallet that allows users to experience digital assets like Klay (KLAY), BOX, Pet (BPT), PIBBLE (PIB), HINT, ENT…

Ransomware Strikes Three US Universities

June 4, 2020 boss

A ransomware gang claims to have successfully attacked three universities within the last seven days. They say that their latest attack was against the University of California San Francisco, or UCSF, on June 3. Cryptox had access to the evidence published by NetWalker, a group of hackers, on their official dark web blog. In this blog, they claimed to have stolen sensitive data, including student names, social security numbers, and financial information. NetWalker threatened to leak the data in less than a week if crypto payment in Bitcoin (BTC) is…

Crypto Exchange OKEx Launches Ether Options, EOS Options to Follow

June 4, 2020 boss

Cryptocurrency exchange OKEx announced the launch of Ether (ETH) options contracts on its trading platform. According to a June 4 announcement, following today’s launch of ETH options, OKEx will also launch EOS options contracts on June 18. The firm also announced that it placed 1,000 ETH in the ETH Options insurance fund to prevent clawback. OKEx promotes options as a trading risk hedge Per the announcement, options allow traders to buy or sell the underlying asset to hedge risk and maximize profits. The announcement explains how the contract differs from…

Short-Seller Targets Every Millennial’s New Favorite Stock

June 4, 2020 boss

Veteran short-seller Citron Research has singled out Genius Brands as an easy short-sell. Genius has risen by over 2,000% within a month, and it’s the most popular stock on Robinhood. Citron says that makes shorting the stock “child’s play.” Award-winning short-seller Andrew Left has singled out Genius Brands as a grossly overvalued stock, and the Citron Research founder says investors are about to get burned. Genius has skyrocketed by over 2,000% within a month, becoming a favorite among the millennial investors who populate Robinhood. Millennials have piled into Genius Brands…

Adam Back Says Blockchain Toppled Pyramids As It Hits New Computational Milestone

June 4, 2020 boss

With block #632874, which was mined on June 3, the Bitcoin (BTC) blockchain’s expected cumulative work hit a new milestone. According to Blockstream co-founder Pieter Wuille, it has now surpassed 2^92 double-SHA256 hashes, or 4951760157141521099596496896 hashes. Wuille noted that the previous milestone — 2^91 hashes — was secured in August 2019, also revealing the current rate: “These days we add 2^57 hashes – as much work as was done ever by november 2010 – every 1.3 milliseconds on average…” Crypto pioneer Adam Back — who was cited in the original…

Blockchain Bites: Bitmain’s Shakeup, Bitcoin’s Resilience and Ethereum’s Anonymity

June 4, 2020 boss

Bitcoin underwent a protocol update to make the network more resilient to state attacks, while researchers separately found Ethereum may be losing its anonymity. Elsewhere, “Crypto Mom” Hester Pierce has been tapped for a second term at the SEC, and an ex-Yang advisor is making crypto a cornerstone to his House campaign. 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 EthereumThe most popular way to use…

Blockchain Bites: Bitmain’s Shakeup, Bitcoin’s Resilience and Ethereum’s Anonymity

June 4, 2020 boss

Bitcoin underwent a protocol update to make the network more resilient to state attacks, while researchers separately found Ethereum may be losing its anonymity. Elsewhere, “Crypto Mom” Hester Pierce has been tapped for a second term at the SEC, and an ex-Yang advisor is making crypto a cornerstone to his House campaign. 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 CoinDesk’s newsletters here. Top shelf EthereumThe most popular way to use…

The Stock Market’s Greatest Rally In History Will Continue – Here’s Why

June 4, 2020 boss

The S&P 500 continues to climb despite a bleak economic backdrop. The Federal Reserve is the engine that powers asset inflation. Expect the S&P 500 to print a new all-time high soon. Amid record unemployment, widespread civil unrest, global pandemic, and a shrinking economy, the S&P 500 is 8% off of its all-time high. The benchmark index has printed gains of 37.7% over the last 50 days, putting together the greatest 50-day rally in history. With the Federal Reserve driving this run, expect the S&P 500 to post a new…