Day: July 17, 2020

Сurv Integrated with Compound to Onboard Institutional Investors in DeFi

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Thanks to the integration with Compound, Curv’s customers “no longer need to let their digital assets sit idly”. Curv announced that it has integrated with Compound, which is dubbed as DeFi’s largest lending protocol. Curv prides to be the institutional standard for digital asset security. Excited to announce our integration with @compoundfinance. We’re ready to securely 🔓 #defi for institutions and allow them to enforce DeFi governance across their organizations! Great piece @Nate_DiCamillo! 👏🏻 https://t.co/m6Jkd0Yety — curvmpc (@curvmpc) July 17, 2020 Decentralized finance is a promising field that institutional investors…

BLK Stock Up 0.27%, BlackRock Q2 Results Beat Expectations

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BlackRock declared revenue of $3.65 billion in Q2, 3.7% higher than in the same period last year. After the positive results, BLK stock is slightly up in the pre-market. BlackRock Inc (NYSE: BLK) has recently published its Q2 2020 financial results and joined the row of companies that have already done it earlier. The company declared that in the second quarter of 2020 its revenue was $3.65 billion which means that the figure has beaten the expectations by $100 million. As for year-to-year growth, it is positive as the revenue…

2 Major Reasons Why Bitcoin Risks Falling Towards $8,500

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A prolonged period of low volatility is setting Bitcoin towards a big price move. The short-term bias for the cryptocurrency remains neutral as it trades inside a $300 trading range. Nevertheless, three separate technical indicators put Bitcoin at the risk of breaking lower towards $8,500. Buckle up, Bitcoin traders! The sailing from here could get bumpier as the cryptocurrency continues to trade strictly inside a $300 trading range. BTCUSD has repeatedly failed to sustain a rally above its short-term resistance level at $9,300. Meanwhile, an equally stubborn support level at…

Binance Isn’t Permitted to Operate in Malaysia, Local Regulator Says

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Top cryptocurrency exchange Binance was added to the Securities Commission Malaysia’s list of unauthorized entities earlier today.  According to the regulator, the digital asset trading platform is “operating a recognized market without authorization from the SC”.  Malayisan law requires cryptocurrency exchanges to register as Digital Assets Exchanges with the SC. After the initial filing, they get up to nine months to meet the SC’s regulation standards. So far, only three cryptocurrency platforms — Luno, Sinegy and Tokenize — have received full approval from the local watchdog.  Notedly, in March Binance…

China Controls 50% of Bitcoin Mining While US Hits 14% — New Survey

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China controls much less Bitcoin (BTC) mining power than people think, according to a new survey. Released on July 16 by asset manager Fidelity and crypto research firm BitOoda, the survey reveals that China is actually responsible for around 50% of Bitcoin mining — not 65%. Much Chinese Bitcoin mining capacity “unaccounted for” Analysts used what they describe as various sources, as well as “confidential conversations” with miners, who agreed to divulge information on aspects such as power cost on the condition that they remained anonymous. “We were able to…

Twitter Hackers who Targeted High-Profile Accounts Got $121K in Bitcoin

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The hackers managed to receive over 400 payments in the scam, or $121,000 worth of Bitcoin. According to Tom Robinson, co-founder of cryptocurrency compliance firm Elliptic, the sum is quite low to become a historic one. On Wednesday, famous people and companies became victims of a big Bitcoin (BTC) scam. It turned out that the attack brought Twitter hackers as much as $121,000 in Bitcoin. On July 15, Twitter accounts of outstanding individuals and prominent companies were hacked. Twitter hackers posted Tweets requesting followers to send Bitcoin to a specific…

3 Reasons Market Strategist Lyn Alden Is ‘Increasingly Bullish’

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Strategyst Lyn Alden said she switched from “uninterested to quite bullish on Bitcoin” in 2020. Following the drop of BTC to sub-$3,600 in March, she remains optimistic on the top cryptocurrency. Alden, who found Lyn Alden Investment Strategy, wrote: “So, I’m neither a perma-bull on Bitcoin at any price, or someone that dismisses it outright. As an investor in many asset classes, these are the three main reasons I switched from uninterested to quite bullish on Bitcoin early this year, and remain so today.” The three reasons Alden laid out…

AI-Blockchain Platform Creates Digital Assets From Personal Data

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Artificial Intelligence (AI) specialist Kneron announced the launch of its KNEO platform on July 16, combining edge AI devices with blockchain technology to create secure and private personal networks. The Kneron Neural-network Edge-AI Open platform also creates digital assets out of personal data which can be exchanged or sold to the corporations who want them. Blockchain-connected sensors create private network KNEO uses blockchain technology to connect a number of edge AI sensors or stems, such as cameras, microphones and thermal sensors. The term “edge AI” refers to systems which process…

Indian Exchange Bitbns (BNS) to Conduct IEO On KuCoin

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Bitbns, an Indian exchange founded in December 2017 will be holding an IEO for its proprietary exchange token BNS on KuCoin Spotlight. According to the information provided by Bitbns, BNS has so far completed four rounds of pre-public sale within 20 minutes. The platform had earlier claimed that it will conduct an initial exchange offering after the BNS pre-sale. Bitbns is said to have chosen KuCoin after evaluating multiple global exchanges to conduct the BNS IEO. Since its launch in December 2017, Bitbns has become one of the largest crypto…

NFLX Stock Falls 9% After Hours, Netflix Reports Earnings Miss in Q2

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In the aftermarket hours on Thursday, July 16, Netflix share (NFLX) price tanked 9% as the company reports a modest growth forecast for the second-half of 2020, and probably lesser than what it attained during H1 2020. OTT streaming giant Netflix Inc (NASDAQ: NFLX) reported its quarterly earnings for Q2 2020 on Thursday, July 16. The company reported a good jump in its customer base as more people stayed home during the coronavirus lockdown. During Q2, Netflix added 10.9 million paid subscribers against the expected 8.26 million. The company also…