Day: August 11, 2020

A Tor Vulnerability May Have Enabled Dark Web Bitcoin Theft

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According to recently published research, an attacker has found vulnerabilities in the Tor browser network that might have allowed them to steal Bitcoin (BTC) from users. Tor was developed by the U.S. government for anonymous internet communication and has since been adopted by privacy advocates. Because of its privacy-preserving features, it is also popular with the denizens of the Dark Web. Many in the crypto community rely on Tor, entrusting their Bitcoin transactions to its security and anonymity. Confirmed malicious Tor exit capacity controlled by a malicious player. Source: nusenu.…

Crypto Friendly Candidate Yang Left Off DNC Speech List

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Known in the crypto industry for his comments on the burgeoning asset class, former presidential candidate Andrew Yang’s name does not appear on the DNC’s latest speaker list, according to an article from USA Today.  Released on Aug. 10, the current DNC speaker list includes Bernie Sanders and Pete Buttigieg, among others, USA Today said.   “I’ve got to be honest I kind of expected to speak,” Yang said in an Aug. 11 tweet. “Maybe I endorsed against one too many incumbents,” he added in a following Twitter post.  Congressman Ted…

Chainlink Flashes Warning Signs as Analysts Take Aim at $10.00

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The entire cryptocurrency market is currently expressing some signs of weakness as Bitcoin ventures down towards the lower-$11,000 region while many altcoins follow in its path – including Chainlink (LINK). LINK has been one of the best performing major altcoins in recent weeks, with it significantly extending the uptrend that it first incurred in 2019. The token recently ran to highs of nearly $15.00 before it lost its momentum and began sliding lower. The ongoing downtrend seen by BTC, ETH, and most other cryptocurrencies has provided LINK with some headwinds…

Market Wrap: Bitcoin Stumbles to $11,300; USDC Lending Rates Skyrocket

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As the bitcoin market sees red, DeFi opportunities in stablecoin trading have some borrowing rates exploding to double digits. Bitcoin (BTC) trading around $11,342 as of 20:00 UTC (4 p.m. ET). Slipping 4% over the previous 24 hours. Bitcoin’s 24-hour range: $11,299-$11,943 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since August 9.Source: TradingView Heavy sell volumes on spot exchanges such as Coinbase caused a fall in bitcoin’s price to as low as $11,299 Tuesday. Profit-taking is one driver of…

Unorthodox DeFi Project ‘DeadFish’ Launches on Ardor

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A group of developers has announced the launch of a “revolutionary” new defi token, but something about the pitch has a funny smell to it. According to its creators, Ardor Defi, the DeadFish (DeFI) platform and its $DEFI token will “smash the hegemony of Wall Street millionaires” by making “advanced financial instruments such as leverages, futures, DEX, tokenization platforms, derivatives and predictions markets available to the average Joe.” It’s a claim with a pungent aroma, but one which begs further investigation. As the popularity of defi booms and crypto enters…

Bitcoin, Ethereum Thought Leaders Fight It Out over “SupplyGate”

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Over the past week, Bitcoiners insisted that Ethereum’s total supply is impossible to calculate, however, those in the Ethereum community disagreed and say its relatively easy. It resulted in a huge debate of sorts, termed “SupplyGate” by those in the space. Ethereum Supply Sparks Questions How to quickly and easily calculate the supply of ether tokens has become a huge question in the cryptocurrency space. For the uninitiated, there’s no upper limit – unlike Bitcoin or other cryptocurrencies – on the total supply of Ethereum, a point that is starting…

Tezos Surges 45% Month To Date, Why This Is Just The Start

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Tezos, a close contender for the top ten cryptocurrencies by market cap, has gone on a powerful, over 45% rally in the last 11 days. These incredible month-to-date gains are nothing compared to the asset’s past two years of returns. And if a trend measuring indicator accurately predicts future price action in the altcoin, August’s gains are just the beginning. Tezos One-Month ROI For August Reaches 45%, 200% YTD Altcoins all across the crypto market are exploding and bringing investors substantial gains. In the past, Tezos was tightly correlated with…

Mitsubishi to Digitize Metal Resource Trade on Blockchain Platform

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Mitsubishi Corporation has launched a blockchain platform to streamline and digitize metal trading via its metals and minerals subsidiary. Mitsubishi Corporation RtM Japan Ltd, the metals and minerals trading subsidiary of Mitsubishi, has announced the launch of its blockchain platform called ECO, which will streamline and digitize its resource trade. The blockchain platform ECO has been developed by Mitsubishi in collaboration with Skuchain and is built on the American blockchain firm’s proprietary EC3 platform—designed for finance and supply chain management. According to the announcement on Aug 10, the blockchain platform…

The WOM Token is Now Listed on Liquid Cryptocurrency Exchange

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Place/Date: Singapore – August 11th, 2020 at 7:54 pm UTC · 2 min read Contact: WOM Protocol, Source: WOM Protocol WOM Protocol, a next-gen MarTech solution that enables brands to leverage word-of-mouth recommendations, has just announced that its native WOM Token is now listed on the Liquid cryptocurrency exchange. This listing represents the fourth top-tier exchange listing for the WOM Token and the first WOM/BTC pairing. Trading: Effective 12th August 2020 3pm JST (UTC +9) Withdrawal: Effective 12th August 2020 3pm JST (UTC +9) Trading Pairs: WOM/BTC and WOM/USDT Project…

SoftBank Records Profit As Vision Fund Rebounds From Losses

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Following an $18 billion loss in 2019, SoftBank Vision Fund added nearly 3 billion. The increase is turning SoftBank’s books around. SoftBank Group Corp (OTC: SFTBY) recorded a profit of almost $12 billion in the April-June quarter due to gains from its $100 billion Vision Fund. With this recent achievement, SoftBank is on the path of recovery after reporting its worst-ever loss in the previous quarter. SoftBank Reports Profit Earlier this year, SoftBank announced the largest annual loss of its kind in Japan, totaling $13 billion. This loss is coupled with…