Day: July 27, 2020

Garmin Could Face Sanctions if $10M Ransom is Paid

boss

Garmin, a multinational tech company, has been operating at less than full capacity following a ransomware attack launched by the Russian cybergang, Evil Corp. Garmin is being extorted for a $10 million ransom, to be paid in cryptocurrency. According to a report published by Bleeping Computer, an unidentified Garmin employee confirmed that the WastedLocker ransomware took down the company’s customer support services, navigation solutions, and other aspects of the U.S.-based firm. The leader of the cybercriminal group is a Russian individual named Maksim Yakubets. A known criminal, Yakubets was indicted…

Smart Contract Language DAML Is Now Available on R3’s Corda

boss

DAML, a major smart contact language designed for building business-level blockchain applications, has been integrated with R3’s blockchain. Developed by United States’ blockchain startup Digital Asset, DAML, or Digital Asset Modeling Language, is now available on R3 commercial blockchain platform, Corda Enterprise. A cross-platform alternative to Corda’s native programming language In order to bring the cross-platform language to the Corda platform, Digital Asset partnered with international tech firm IntellectEU, the firm announced on July 27. Focused on emerging technologies like blockchain, IntellectEU provided commercial integration, enabling a new smart contract…

Price Analysis 7/27: BTC, ETH, XRP, BCH, BSV, ADA, LTC, CRO, BNB, EOS

boss

Bitcoin has made a decisive move above $10,500, which is likely to boost sentiment and pull several altcoins higher. Gold made a new lifetime high today, eclipsing the previous high made in 2011. This is possibly the result of investors buying the asset as a way to hedge against the possible debasing of fiat currencies due to the huge stimulus packages announced by various central banks around the world.  To date, gold has rallied just over 26% under very favorable circumstances, while Bitcoin (BTC) is up about 50% even when…

Self-Service Platform Issues Security Tokens Backed by Real-World Assets

boss

Tokenizer is a new self-service platform launching July 29 which provides a fully compliant blockchain issuance solution for asset-backed security tokens. This will allow businesses and individuals to tokenize their assets with zero technical or coding skills, which can then be used for raising funds and traded on the Tokenizer exchange. Tokenize to realize the value of assets The tokenization of real-world assets has long been lauded as one of the killer applications of blockchain technology. However, before now this has usually required either a dedicated coding team or the…

DOTUSDT and FILUSDT Become the Latest Perpetual Swap Products on OKEx

boss

OKEx, one of the popular cryptocurrency spot and derivatives exchange platforms has added two new trading instruments to further expand its derivatives offering. The latest perpetual swap products to find a place for themselves on the list are DOTUSDT and FILUSDT, becoming available on the OKEx website and API at 7:00 AM UTC on July 22, 2020. However, unlike most of the other crypto assets on the platform, both these tokens are currently trading as contracts with IOU currency as an underlying asset. The swap mechanism offers traders the opportunity…

Bitcoin Price Finally Snaps Multi-Year Downtrend, but Is $20K Now Possible?

boss

Bitcoin (BTC) price rallied within $50 of the $11,000 mark after managing a strong breakout above the $10,500 level. For the past 6 months analysts have kept a laser sharp focus on the key level and many forecast that Bitcoin price would soar once the multi-year resistance was obliterated.  Crypto market weekly price chart. Source: Coin360 Cointelegraph contributor Keith Wareing suggested that Bitcoin price could rapidly move higher as traders’ sentiment will have grown increasingly bullish after the long-term resistance level becomes a new support.  BTC/USD daily chart. Source: TradingView…

A Key Metric Suggests Bitcoin Price Above $12k

boss

Bloomberg’s mid-year report indicates that the price of Bitcoin (BTC) could soon rise above $12,000. Active addresses on the rise The report contends that both on-chain and off-chain indicators for Bitcoin point to the asset’s appreciation. One of the key metrics for Bloomberg is the number of active addresses. Bloomberg elaborated: “The 2019 Bitcoin end-of-day high was $12,734, based on Bloomberg pricing. Unless advancing addresses abruptly reverse, history suggests Bitcoin may gravitate toward that level.” Grayscale’s dynamics are positive Bloomberg suggests that the continuous growth of Grayscale’s Bitcoin Trust or…

Third OKEx Trading Contest Offers $150K in Prizes

boss

Cryptocurrency exchange OKEx announced the official launch of its third “Elite Team Trading Contest”, which will offer a total jackpot of 150,000 USDT in prizes. According to the announcement, the contest, which starts on August 10, will last for two weeks until August 24. The top 10 teams in the contest will receive a share of the total prize pool. This will also allow OKEx users to trade futures, perpetual swaps, options, and spot/margin products on the platform. Jay Hao, CEO of OKEx, commented on the contest: “In the past…

TSLA Stock Up 3%, Tesla Announces Plans for New Models, Q2 Results

boss

As Tesla announced gains in its second-quarter earnings report, the EV company also hopes to add two new models after the Cybertruck. TSLA stock is up today. Apart from the Model Y crossover, Model 3, and the Cybertruck, Tesla Inc (NASDAQ: TSLA) has announced plans to develop two new models. CEO Elon Musk revealed this during a conference call with investors and analysts. Also, during the call, Elon Musk announced gains for the second quarter of the year. As part of its growth, the automotive company is set for more work with…

Eth2 Validator Launchpad Finally Released

boss

The first mission of the Eth2 validator launchpad is to make it possible and simple for its validators to educate themselves about all aspects of the process. After months of hard work, the Eth2 research team, together with Consensys and DeepWork Studio, finally managed to release the Eth2 validator launchpad (testnet version). According to their official statement, they decided to release this now so in order to enable their users to keep the track of, and make deposits into, the upcoming Medalla multi-client testnet. However, the crew pledged to continue…