Day: July 16, 2020

Why You Should Withdraw Your Bitcoin from Exchanges Right Now

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Though cryptocurrency exchanges are often considered to be a convenient way to manage cryptocurrencies, this convenience usually comes at the cost of privacy. Cryptocurrency exchange wallets are currently one of the most popular ways to store Bitcoin and other cryptocurrencies. But there are serious drawbacks to using them that often go overlooked. If privacy, security, and self-sovereignty of your funds are important to you, you might want to reconsider keeping your Bitcoin in an exchange wallet. Not Your Keys, Not Your Crypto Although it isn’t immediately apparent in many cases,…

Bitcoin News Roundup for July 16, 2020

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With much of the social-media world reeling from Wednesday’s massive, unprecedented breach at Twitter HQ, CoinDesk’s Markets Daily is back with another bitcoin news roundup. You can send bitcoin from your phone or computer to anyone else, just about anywhere in the world. And once you’ve sent it, you can’t get it back. OpSec pros had a wide array of opinions on Wednesday’s Twitter breach, but they all agreed the fault did not lie with each hacked account’s owner.  Twitter’s thin veil of security went into full meltdown at 19:00…

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

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The Chinese government has released its first-ever blockchain application blueprint regarding government services in the country. According to Beijing’s blueprint, 140 government services applications are already on blockchain and are divided into three categories, including data sharing and exchange, business collaborative processing, and electronic certificate and certificate storage.  According to a local report, blockchain is a breakthrough technology that allows data sharing to be more efficient, with electronic certificates stored on-chain, while improving the credibility and verification efficiency.  One sector for blockchain-based use cases includes the real estate registration system,…

Two Teens Arrested After Paying Bitcoin to See Livestream Murder on Dark Web

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Two Italian 17-year-olds were arrested for paying Bitcoin (BTC) to see children being sexually abused, tortured and murdered in live streaming. Local media Il Messaggero reported on July 15 that the deep web website viewed by the two also allowed users to pay extra to decide what torture the children would be subjected to next. Italian law enforcement explained: “Users that were able to reach those kinds of obscure environments are allowed to take part in acts of sexual violence and torture on minors, performed live by adults.” Livestreamed torture…

ConsenSys Sued For IP Theft by Blockchain Startup from its Own Incubator

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BlockCrushr, a Canadian blockchain firm has accused ConsenSys of stealing its intellectual property after it took part in ConsenSys’ startup accelerator program. A Canadian FinTech firm called BlockCrushr has filed a lawsuit against Ethereum blockchain solutions company ConsenSys for stealing proprietary technology. BlockCrushr participated in the ConsenSys Tachyon Accelerator program, an incubator for emerging startups, and now accuses the blockchain company of ripping of its proprietary technology. The allegedly stolen BlockCrushr IP has been leveraged by ConsenSys in its recently launched payments platform called, ‘Daisy Payments’. The Ether-based platform was…

New Suit Alleges Utahn Ponzi Operators Took the Money and Ran

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Per a July 15 complaint from two former investors who have been unsuccessful in getting their money back, Utah-based Crypto Traders Management advertised an investment strategy that constituted an unregistered security, while actually locking up user funds. Plaintiffs are asking for the return of nearly $750,000 as well punitive damages of upwards of another half-million dollars. Consistent updates from CTM kept investors coming back The complaint claims that plaintiff David Powell sent a series of investments to Crypto Traders Management starting near the end of 2018. Despite the subsequent collapse…

Bitcoin Price Unaffected as Scammers Hack Twitter Accounts

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Regardless of the recent Bitcoin scam carried out through a Twitter hack, BTC price remained largely unaffected, only dropping about 1%. Yesterday, 15th July, Twitter accounts of high-profile individuals, companies and crypto exchanges were hacked to post false bitcoin giveaways. The compromised Twitter accounts include prominent names like Jeff Bezos, Bill Gates, Barack Obama, Elon Musk, Mike Bloomberg and many others. The Bitcoin hack also affected several corporate Twitter accounts like Uber, and Apple, as well as crypto exchange companies – Coinbase and Binance. Despite the false giveaways that got a lot…

Blockchain Enabled Fantasy Soccer Firm Sorare Raises $4M in Seed Fund Round

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Blockchain enabled fantasy soccer platform Sorare announced today that it has raised $4 million in a seed funding round led by e.ventures.  In an announcement emailed to Coindesk, the firm said that in addition to venture capital investors like e.ventures and Fabric Ventures, a former member of German national soccer team, Andre Schurrle, has also invested in the firm.  Using the ethereum blockchain, Sorare generates unique digital trading cards representing professional soccer players that can be traded by users. A user plays as the team manager and can use their…

Social Activists Can Now Tap Bitcoin Donations via Casa Wallets

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Bitcoin security firm Casa has partnered with the International Human Rights Foundation, a social body that fights abuse around the world. The partnership sees Bitcoin education, donations, and security. Bringing Bitcoin to Social Causes Casa, a security firm that offers bitcoin wallet products, announced yesterday its partnership with the Human Rights Foundation (HRF) – an international organization that helps activists around in social and societal issues. The partnership will allow activists to accept and hold bitcoin on secure wallets. The currency’s decentralized, borderless nature allows donations to pour in from…

MS Stock Rises 1% as Morgan Stanley Publishes Its Q2 Earnings Report

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After the published Q2 report, Morgan Stanley (MS) stock price is rising. As the market opened today MS stock is 0.78% up. Morgan Stanley (NYSE: MS) has published its Q2 2020 earnings results. The net revenues turned out to be better than a year ago despite teh current economic situation in the world. This year the figures have reached $13.4 billion while in 2019 Q2 the net revenues of Morgan Stankey were $10.2 billion. Morgan Stanley earnings managed to achieve $1.96 a share, while Wall Street analysts forecasted $1.17 a…