Day: August 5, 2020

Nasdaq-Listed MicroStrategy, Wary of Looming Dollar Inflation, Turns to Bitcoin and Gold

boss

Publicly traded business intelligence company MicroStrategy said it will invest $250 million of its excess cash in bitcoin, gold and other “alternative assets” over the next 12 months as a hedge against U.S. dollar (USD) inflation.  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

OKEx Launches Indian P2P Trading Platform Despite Legal Uncertainty

boss

Cryptocurrency exchange OKEx has announced a new peer-to-peer trading platform launching Aug. 5, which allows users to buy digital currencies with zero transaction fees using Indian rupees (INR). The announcement comes hot on the heels of reports that the Indian government is planning to pass a law making cryptocurrency trading illegal in the country. Easy fiat onramp supports major Indian payment platforms At launch the platform is offering Bitcoin (BTC) and Tether (USDT) pairs for INR, with support for further cryptocurrencies promised soon. OKEx describes the platform as a marketplace…

Bitcoin Will Break $400K in Long-Term, Morgan Creek’s Pomp Predicts

boss

Amid the ongoing bull market, a major Bitcoin (BTC) advocate has delivered another promising price prediction for the largest cryptocurrency. Anthony “Pomp” Pompliano, co-founder of Morgan Creek Digital, believes that Bitcoin will continue to grow in the long-term to break the $400,000 threshold. Digital is bigger than analog — Bitcoin is bigger than gold In an Aug. 4 interview with crypto podcaster Peter McCormack, Pomp said that Bitcoin is poised to eventually hit at least $400,000 or $450,000 price levels with a market capitalization of $8 trillion. According to Pompliano,…

Chainlink Partnership Proposes its Own Take on Human Readable Ethereum Names

boss

Chainlink (LINK), in partnership with a video game called War Riders, has introduced human readable Ethereum (ETH) names. These names will use a different approach than the Ethereum Name Service, or ENS. Removing friction for newcomers War Riders employs blockchain elements like non-fungible tokens which represent in-game items. It also has its own native cryptocurrency (BZN) that the gamers mine while playing. However, as with all such games, there is a certain amount of friction that gamers must overcome. For example, Ethereum wallets have long alpha-numeric addresses and hashes instead…

Sony (SNE) Stock Close to 19-Year High, PlayStation 5 Driving Bull Run

boss

Yesterday Sony (SNE) stock closed with a 2.58% increase, at $83.37. However, today Sony stock is 2.42% down, trading at $81.36. Sony Corporation (NYSE: SNE) is one of the Wall Street’s most profitable stocks of the week as it has recorded a 19-year high after posting an impressive Q1 fiscal year earnings report on Tuesday. The performance of the Q1 fiscal year spanning April to June was triggered by the tech giant’s gaming division and expectations of the release of the Playstation 5. Sony (SNE) stock closed with a 2.58%…

Coca-Cola Leverages Enterprise Ethereum Blockchain to Optimize Supply Chain

boss

Coca-Cola’s supply chain is being optimized through the enterprise Ethereum Baseline Protocol, via a blockchain expansion by a partner of its largest US-based bottling company—Coke One North America. Coke One North America (CONA), partner of Coca Cola’s largest US-based bottling company has announced it will use the enterprise Ethereum blockchain platform the Baseline Protocol—to enhance transparency and minimize friction in its supply chain transactions. According to the announcement on Aug 3, the project aims to establish a ‘Coca-Cola Bottling Harbour’ and will see CONA partner with Unibright who is one…

Square Bitcoin Business Grows Sixfold Year-on-Year Basis

boss

With crypto adoption likely to be the major fuel in the anticipated rally, Square may largely benefit if it offers cutting-edge services in comparison to its competitors. Square, a San Francisco-based payments company, reported its Q2 2020 results with its Bitcoin business having grown immensely. According to its report, revenue collected from its Bitcoin sale via Cash App to its customers in the second quarter was $875 million. This was six times the figures reported the same time last year, hence indicating a tremendous increase in its Bitcoin sale business.…

XRP Bulls Must Reach For Higher High Or Risk 80% Collapse

boss

XRP has been on a tear over the last month, rising over 47% in June alone. Most of the gains arrived late in the month, with a massive, over 30% push from bulls in the last week. However, Ripple bulls will still need to push the asset’s price even higher to invalidate a powerfully bearish signal that could send the altcoin falling another 80% or more. Crypto Market’s Whipping Boy Makes Neck-Snapping Recovery How quickly things turn around in the cryptocurrency industry. XRP went from the market’s worst performer for…

Bitcoin Cash Difficulty Algorithm Debate Heats Up With Fears of Another Chain Split

boss

With a touch more than three months left until the next Bitcoin Cash upgrade, crypto proponents have been witnessing a new quarrel rise after last year’s contentious Infrastructure Funding Proposal (IFP). This time around, the tensions derive from the Difficulty Algorithm Adjustment (DAA) discussion which is a conversation about replacing the network’s current DAA. Every six months the BCH community plans for an upgrade and this coming November, a number of users are concerned about another chain split. There is a lot of infighting within the community at present and…

Newly Discovered Ledger Wallet Vulnerability Could Be Disastrous if Not Fully Patched

boss

A recent report contends that Ledger App has failed to fix a major vulnerability that allows for a “Bitcoin Fork” attack. Mo Nokhbeh claims Ledger’s wallet fails to properly isolate the apps responsible for authorizing the transactions of different assets. This creates a vulnerability where a user’s wallet can be fooled into authorizing a transaction for a less valuable asset, like Litecoin (LTC), Bitcoin Cash (BCH) or any other Bitcoin fork coin, where in reality, a Bitcoin (BTC) transaction is being released. Nokhbeh told Cointelegraph: “This app should be isolated…