Day: July 17, 2020

Americans Are Googling ‘Bitcoin’ in the Middle of the Night

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1 AM Eastern time is the most popular time in the US to search the biggest word in crypto. The hourly data from Google Trends shows that US-based searches for “Bitcoin” have consistently peaked around 1 AM Eastern time for the past week. This hourly data is only available seven days into the past, so we don’t know if this is an established pattern or a new development. The latest Google Trends data for “Bitcoin” searches. Source: Google Trends. Out of 50 states, California is the most search-happy at this…

About 80% of ETH Supply Is Qualified for Staking, Says ConsenSys

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As the crypto community is anticipating Ethereum 2.0, a large number of Ether (ETH) holders already have enough ETH for staking on the network. Nearly 80% of total Ether (ETH) supply is being held by non-crypto exchange wallets exceeding the amount required for staking on Ethereum 2.0, according to the latest “Ethereum 2.0 Economic Review” report. Published on July 16, the report is by executives at the Ethereum blockchain infrastructure developer ConsenSys. The network accumulates ETH required for staking on Ethereum 2.0 According to the report, 77.7% of the current…

Price Analysis 7/17: BTC, ETH, XRP, BCH, ADA, BSV, LINK, LTC, BNB, CRO

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Bitcoin and a few altcoins are showing signs of weakness, which could result in a minor dip in the next few days. Grayscale Investments recent Q2 report shows that the firm took in $905 million into Bitcoin (BTC) and other altcoins. In Q1 of this year, the inflow into various Grayscale products was $503.7 million. The sharp increase in investments indicates that the institutional investors are building positions when the price of the top-ranked asset on CoinMarketCap is stuck in a range as they expect it to rise in the…

MRNA Stock Up 16%, Moderna Covid-19 Vaccine Produces Antibodies

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Moderna (MRNA) stock price is rising. The rally is fueled by the company’s announcement that its COVID-19 vaccine candidate produced neutralizing antibodies in all 45 participants. Moderna Inc (NASDAQ: MRNA) stock rose by 15.88% to $92.72 to retest the previous ATH. Investors in the company had something concrete to hold on and wait for a higher call. The shares have not disappointed as they have returned more than 517% in the past year. For those who invested in the company during the coronavirus pandemic wake, their portfolio is up approximately…

Twitter Has Been Trying To Hire Senior Security Engineers for Two Months

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If the company’s jobs site is any indication, Twitter has been openly hiring for security positions in the months leading up to this week’s notorious hack. According to the company’s job search, Twitter posted several key job descriptions pertaining to company security two months ago. The company was (and still seems to be) hiring for a senior infrastructure security engineer, senior security engineer, two senior application security engineers and staff product manager for security and data protection among several others. A job description for one of these positions focuses on…

Twitter Hacker Is Mixing Bitcoin Loot Using a Wasabi Wallet, Elliptic Says

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Funds collected by the scam that breached twitter this week appear to be on the move, cryptocurrency tracing firm Elliptic said.  According to transaction data associated with crypto wallets used in the security breach, a total of about $123,000 was collected by the attackers. Of that about 22%, 2.89 BTC, was transferred late last night to an address Elliptic said it “strongly believe(s)” is a Wasabi wallet.   Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict…

The Fact That You Can Go 100x Leverage on Bitcoin Is Pretty Wild

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Crypto-focused institutional trading desks are lately springing up. While Wall Street investment banks and hedge funds are still in the early stages of involvement, a class of crypto-native funds founded by institutional pros is by now well established. Cointelegraph interviewed the co-founder of one of these funds, CMS Holdings’ Dan Matuszewski, to learn more about his views on the crypto market. Before involving himself in crypto in 2012, Matuszewski worked for some years at Bay Hill, an institutional hedge fund. Most of his career was nevertheless tied to crypto, with…

A Banking Trojan That Steals Crypto Is Targeting Latin American Users

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Cybersecurity experts are warning about a family of banking trojans that target Windows users across Latin America, but this trojan happens to focus on stealing cryptocurrencies. According to a report published by cybersecurity firm ESET, the malware is known as “Mekotio” and has been active since approximately March 2018. Since then, threat actors have been continuously upgrading the capabilities and range of attack, mostly known by targeting over 51 banks. But now the trojan is focusing on Bitcoin (BTC), instead of just stealing banking details. This implies that Mekotio is…

US Law Enforcement Is Watching for Bitcoin Drug Purchases on Darknet

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Seven years ago, agents from the United States Federal Bureau of Investigation busted into a San Francisco Public Library to arrest Ross Ulbricht, the mastermind behind the Silk Road. Launched in 2011, the Silk Road was the first modern darknet market where anonymous users could purchase illicit drugs, weapons and other illegal goods using Bitcoin (BTC). Although the Silk Road was shut down in 2013 following Ulbricht’s arrest, many individuals still use Bitcoin and other cryptocurrencies to purchase illicit drugs from darknet markets. For example, a recent press release issued…

Money Reimagined: This Isn’t Good for Bitcoin

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No, blockchain does not fix this.  By “this” I don’t mean centrally controlled databases that are vulnerable to attack, the problem highlighted by this week’s massive Twitter hack.  I mean the meta problem of yet more bad publicity, with the word “bitcoin” again associated with fraud and unsavory behavior, a picture that cryptocurrency advocates will again struggle to avoid. That problem will indirectly but greatly contribute to ongoing public pressure for regulatory constraint on the cryptocurrency industry, which will impede innovation in the sector and its prospects to bring positive…