June 2020

Brave Comes Under Fire for Binance Affiliate Link Autofill

June 6, 2020 boss

Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US. Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the situation gained traction on crypto Twitter. “Brave default autocompletes verbatim Binance.us in the address bar to add an affiliate code. We are…

Bitcoin Trader: Google Helps Scam Crypto Trading App Look Legit in Reviews

June 6, 2020 boss

Bitcoin Trader has been heavily promoting itself as the best and safest automated cryptocurrency trading app that can help people earn $1,300 a day. Numerous fake reviews and scam checks on Bitcoin Trader are highly ranked by Google, making this scam appear legitimate. News.Bitcoin.com investigates this investment scam. Bitcoin Trader Scam Many bitcoin scams have emerged as unemployment rises worldwide during the economic crisis and coronavirus pandemic. One investment scheme that has recently gained more attention due to its aggressive marketing tactics is called Bitcoin Trader. It claims to be…

The Stock Market Is Getting Hella Frothy – And It’s All Millennials’ Fault

June 6, 2020 boss

The stock market looks as expensive as it has in two decades. With old school investors on the sidelines, Robinhood’s perceived army of “dumb money millenials” is on a buying spree. Can this possibly end well when the most popular stocks are all desperately cash-poor? With the Wall Street sharks sitting on the sidelines, Robinhood trading activity suggests that millennial investors continue to dive into a corner of the stock market where even billionaires don’t dare to swim. The waves may appear deceptively calm, but a rip current can strike…

Cryptocurrency News From Japan: May 31

June 6, 2020 boss

This week’s headlines from Japan included Coincheck updating the public on a recent data leak, a blockchain tech outfit unveiling plans for a digital local currency, BitBank facing a breach similar to Coincheck, the Japan STO Association gaining its first full-time trust bank member, and Japan achieving the second highest 24-hour Bitcoin trading volume numbers for May. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Coincheck updates public on user data leak Tokyo-based crypto exchange Coincheck faced a hack between May 30 and June 1,…

The Global COVID-19 Pandemic Gave People the Mandate of Independent Money

June 6, 2020 boss

The COVID-19 pandemic forced the world to hit the brakes on economic activity, and in response, the United States Federal Reserve has introduced trillions of U.S. dollars to pay for the stimulus packages it’s giving away. Naturally, many people have jumped to inflation as the forgone conclusion. Proponents of Bitcoin (BTC) are excited about the prospect of inflation because the cryptocurrency has been billed as a check against central bank expansion, and such a period of inflation would demonstrate Bitcoin’s value in this regard. But inflation is not a foregone…

Bitcoin Price Looks Like a “Carbon Copy” of Gold, and That’s Bad for Bulls

June 6, 2020 boss

Since the $8,600 lows seen at the start of the week, Bitcoin has mounted a strong comeback, recovering to ~$9,800. A growing number of analysts, however, have said that the recovery is just noise in an otherwise bearish trend. They cite fractals and textbook patterns suggesting that it is only a matter of time before BTC falls back towards the $8,000s, then maybe even lower. Bitcoin Looks Almost Exactly Like Gold — and That’s Bearish A fractal is a technical term used by investors to describe a phase of price…

Bitcoin Price Looks Like a “Carbon Copy” of Gold, and That’s Bad for Bulls

June 6, 2020 boss

Gibraltar Financial Watchdog Issues Warnings for Four Crypto Sites

June 6, 2020 boss

On June 5 the Gibraltar Financial Services Commission, or GFSC, published four public warnings against cryptocurrency websites that claim to have an alleged license to operate in the territory. According to the authorities, www.askcurrency.org, www.findcurrency.org, www.arbitragecurrency.org, and www.etrustcoin.com have not been licensed or authorized by the GFSC — nor do they have an application pending for authorization. The Gibraltar financial watchdog also notes that such websites are displaying the GFSC logo, which has been applied “without the consent of the GFSC.” Alleged crypto sites are also not in an “initial…

VeChain Bolsters Traceability of Chinese Pork Products

June 6, 2020 boss

Traceability-focused blockchain project, VeChain, has announced a partnership with China’s Shenzhen Yuhongtai Foods Company. This will allow Shenzhen to track pork products distributed by the retailer’s subsidiary, Meijiada Fresh Foods. The partnership will see detailed information concerning how pork sold by Meijiada was raised and its route to supermarkets, with fresh meat products sold by the chain mandated to be sold on the same day as harvest. Unsold produce is “systematically collected and processed, and will not be sold the next day.” Blockchain to trace premium pork in China Meijada…