July 16, 2020

Grayscale Crypto Investments Add Nearly $1 Billion in Q2 — Bitcoin Trust Posts Record Quarter

July 16, 2020 boss

Grayscale Investments has posted a record quarterly performance, having added almost $1 billion, which nearly doubled its previous quarterly high. 84% of the investments were from institutional investors. The cumulative investment across all of its crypto products has reached $2.6 billion. Grayscale Posts Record Quarter Grayscale Investments released its second-quarter performance report on Wednesday. The company wrote: Grayscale recorded its largest quarterly inflows, $905.8 million in 2Q20, nearly double the previous quarterly high of $503.7 million in 1Q20. For the first time, inflows into Grayscale products over a 6-month period…

Bitcoin Option Traders Now Betting on Short-Term Price Drop

July 16, 2020 boss

With bitcoin looking heavy this week, short-term sentiment in the options market has flipped bearish. Disclosure: The author holds no cryptocurrency assets at the time of writing. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original

Elliptic Responds in Real-Time to Monitor Flow of Fraudulent Funds Following Twitter Security Breach – Blockchain News, Opinion, TV and Jobs

July 16, 2020 boss

Leading cryptoasset risk management solutions Elliptic has issued a statement on their response to the July 15, 2020 hack. The very nature of blockchain technology on which cryptocurrency operates makes the real-time tracing of fund flows highly traceable, thereby enabling effective anti-money laundering (AML) controls to prevent the bad actors from laundering funds. In this well-coordinated and sophisticated attack on high profile Twitter accounts, the perpetrators used cryptocurrency to monetize software exploits. These very transactions are now being tracked by Elliptic crypto compliance monitoring software to the…

‘Is the Twitter Hack a Harbinger for Bitcoin?’

July 16, 2020 boss

Gold bug and notorious cryptocurrency critic Peter Schiff wonders whether the recent hack of verified profiles on Twitter is “a harbinger of Bitcoin itself being hacked.” In a July 16 tweet, Schiff mentioned yesterday’s mass hack of verified Twitter profiles which were used to promote a Bitcoin scam, further suggesting that it could be a prelude to a hack of the cryptocurrency itself. It looks like all verified Twitter accounts have been hacked by someone running a #Bitcoin scam. For once not being verified has its advantageous. I wonder if…

Negative Media Coverages Wake Bitcoin as Price Falls to $9K

July 16, 2020 boss

Bitcoin plunged towards $9,000 during the Thursday trading session as a flurry of negative media coverages engulfed the cryptocurrency market. The plunge followed two weeks of flat price action that kept Bitcoin restricted inside the $9,100-9,300 range. It also appeared as Chinese stocks experienced their heaviest sell-off since February 2020, a sentiment that rippled across the global stock market. A day of negative media coverages was enough to wake Bitcoin from its slumber. The benchmark cryptocurrency experienced a modest sell-off on Thursday that sent its price looking for support near…

Negative Media Coverages Wake Bitcoin as Price Falls to $9K

July 16, 2020 boss

Bitcoin and Ether Market Update July 16, 2020

July 16, 2020 boss

Total crypto market cap erased $4.6 billion from its value since Monday morning and now stands at $269.3 billion. Top ten coins are mostly in red for the last 24 hours with ChainLink (LINK) adding 2.3 percent to its value while Bitcoin SV (BSV) lost 3.8 percent. At the time of writing bitcoin (BTC) is trading at $9,119 on the Bitstamp daily chart, while ether (ETH) moved down to $232 and Ripple’s XRP corrected its price to $0.191. BTC/USD Bitcoin once again hit the $9,300 resistance line on Sunday, July…

Sri Lankan Container Terminal Joins TradeLens Blockchain Platform

July 16, 2020 boss

The first private Sri Lankan container terminal, South Asia Gateway Terminals, or SAGT, recently joined IBM and Maersk’s blockchain trade platform TradeLens. It is the first terminal in the country to adopt blockchain technology to digitize its trade processes. In an announcement on July 16, Maersk said the collaboration will help SAGT grow past sluggish manual paper-based documentation processes. Digitization for operational efficiency SAGT is an important link in conducting global trade and it annually processes more than two million twenty-foot containers. The integration of the TradeLens platform into its…

SPCE Stock Up 1%, Virgin Galactic New CEO Is Michael Colglazier

July 16, 2020 boss

Following the news about a new CEO, Virgin Galactic stock jumped. In the pre-market today, SPCE shares are trading nearly 1% up. Space tourism company Virgin Galactic Holdings Inc (NYSE: SPCE) has announced appointing a new CEO. Starting from July 20, Michael Colglazier, President and Managing Director of the Walt Disney Company (NYSE: DIS) Parks International, will be in charge of Virgin Galactic. George Whitesides, the CEO of Virgin Galactic in office, will step aside and get a new role — Chief Space Officer. George Whitesides was the first CEO of…

The Twitter Hacks And Battles Of Plato, Socrates And Aristotle — Social Media Needs Blockchain To Prevent Hacks And Provide Permanence

July 16, 2020 boss

by Keld van Schreven, Keld van Schreven, Co-Founder and Managing Director of publicly listed KR1 plc, looks at what social media might have been like 2,400 years ago and how it is can improve security and permanence. Over the years we’ve seen Twitter celebrities get their accounts hacked. But this recent hack goes way beyond anything we’ve seen before. This latest security breach calls into question the security of Twitter and social media platforms and even the foundation technology they are built upon. ~ Advertisement ~ Social media is often…