June 7, 2020

Crypto Crime on the Rise — Good Odds of 2020 Becoming a Record-Breaker

June 7, 2020 boss

Per a new report released by digital-asset intelligence firm CipherTrace on June 2, the value of ill-gotten funds siphoned through cryptocurrency crimes over the first five months of the year stands at a whopping $1.4 billion, thus making 2020 a potentially active year in regard to cryptocurrency-related thefts, hacks and fraud. The report goes on to state that if things continue at the same rate, the total volume of stolen crypto for 2020 has the potential to get close to reaching the $4.5-billion mark set in 2019. Criminals appear to…

Ethereum Likely Gearing For Strong Surge Above $250: Rally Isn’t Over Yet

June 7, 2020 boss

Ethereum is trading nicely above the $240 and $230 support levels against the US Dollar. ETH price seems to be preparing for a strong surge above the $250 and $255 resistance levels. ETH price is trading in an uptrend above the $230 support zone against the US Dollar. A successful close above the $250 level could trigger a significant upward move. There is a major contracting triangle forming with resistance near $245 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could also correct lower, but dips…

Ethereum Likely Gearing For Strong Surge Above $250: Rally Isn’t Over Yet

June 7, 2020 boss

How Bitcoin Can Help the African American Community

June 7, 2020 boss

If Bitcoin is the “peaceful protest” crypto advocates like Binance CEO Changpeng Zhao and author Isaiah Jackson say it is, then how can the average person use it to help the African American community right now? According to the Bitcoin & Black America author, who spoke to Cointelegraph on June 4, it starts with buying power, whether that comes from fiat or cryptocurrencies like Bitcoin (BTC). The disparity of wealth between African Americans and white people in the United States, created by a long history of racist practices including redlining…

6M Bitcoin Are Secured By Shared Custody

June 7, 2020 boss

Almost six million Bitcoins (BTC) are stored in multi-signature wallets — nearly one-third of the total supply. Prevents ‘Exit scams’ Bitcoin is generally secured with a combination of a public and private key. In order to transact on the Bitcoin network, a user needs to sign each transaction with their private key. This works fine in most use cases, but there are situations where this setup is not ideal. For example, let’s say the founder of a crypto exchange secures all of the firm’s assets with their private key. This…