Day: August 17, 2020

Price Analysis 8/17: BTC, ETH, XRP, LINK, BCH, LTC, BSV, ADA, EOS, BNB

boss

Bitcoin’s strong move above the $12,200 resistance could boost sentiment and lead to a stronger rally in select altcoins. Investors usually buy large quantities of gold when they do not have faith in fiat currencies and want to protect their purchasing power against debasement. Berkshire Hathaway’s recent purchase of Canadian gold miner Barrick Gold suggests that Warren Buffet is not confident about the future health of the United States and global economy. Morgan Creek Digital co-founder and partner Jason Williams believes that although Buffet might not directly invest in Bitcoin…

VeChain’s New Partnership Could Bring Blockchain Tech to Dozens of Untapped Industries

boss

The VeChain Foundation has partnered with the accounting and consulting firm, Grant Thornton Cyprus. According to an announcement from the company, the partnership hopes to extend blockchain solutions to a variety of industries. These will largely be determined by the Cypriot company’s network of customers, but may include the food industry, pharmaceuticals, logistics, the automotive industry, supply chain management, renewable energy, e-commerce, and more. Discussing the company’s interest in Blockchain development, Grant Thornton Cyprus’ director of distributed technology, Alexis Nicolau, noted that legislation governing blockchain technology in Cyprus “is imminent.”…

Spike in COVID-19 Cybercrime Is Stimulating Mass Adoption of Blockchain in Asia

boss

With COVID-19 forcing businesses worldwide to adopt digital means of transacting, blockchain adoption has been on the rise, with this spike noticeably seen in countries across Asia. Cryptocurrency hackers have also capitalized on the fact that everyday business is increasingly conducted online, and with the anonymity provided by online transactions, digital theft during the pandemic has also consequently surged.   Covid-19 Hits, Blockchain to the Rescue  The ongoing pandemic has had serious repercussions in all aspects of one’s daily life, whether it be socially, economically, or politically. Some may argue that the silver lining of coronavirus is…

Ethereum 2.0 Harder to Implement Than He Thought, Says Buterin

boss

Buterin said that there are no technical flaws that would make Ethereum 2.0 be abandoned, stating that the project shall be completed. The Ethereum co-founder Vitalik Buterin said that Ethereum 2.0 is harder to build in a technical sense than he previously thought. He said this during a podcast session with Bitcoin enthusiast Samson Mow. He further said that he is convinced that not every project built on Ethereum would be successful.  The podcast hosted by Peter McCormack had Buterin and Mow debate issues bordering on the Bitcoin – Ethereum rivalry. The…

Pomp Thinks BTC’s Market Cap Will Exceed Gold’s in Less Than a Decade

boss

Anthony Pompliano believes that by the end of 2029, the market capitalization of Bitcoin (BTC) will be higher than that of gold. Source: Twitter. The Morgan Creek Digital co-founder’s tweet provoked a reply from Peter Schiff: “By 2029 you’ll be lucky if the market cap of #Bitcoin still exceeds the market cap of a baseball cap.” This only led to Pompiliano doubling down on his prediction. He responded to Schiff, saying that he was trying to be conservative: “[I] Think approximately a decade is rather conservative, so trying to account…

Tencent Buys Minority Stake in French Voodoo

boss

Tencent just added another portfolio member to its expanding global gaming empire. Voodoo, the French company behind a slew of popular casual games, announced on Monday that Tencent has become a minority shareholder in its business valued at $1.4 billion. Tencent Holding (HKG: 0700) went one step forward with adding another portfolio member to its spreading world gaming kingdom. This time it was made for boosting its game regarding the mobile casual plays. French video game developer and publisher Voodoo whose brand stands behind a bunch of popular casual games…

Chilliz and Socios Launching Visa Card to Buy Fan Tokens

boss

Chiliz.web and Socios.com, a serious trade tandem specializing in blockchain-based fan tokens, are rolling out their Visa debit card. The Socios.com Visa debit card permits world followers to “be greater than a fan”. The alleged world’s leading blockchain fintech provider Chiliz and Socios, a major industry tandem specializing in blockchain-based fan tokens decided to roll out their own unique Visa debit card. According to the official announcement the card, powered by Railsbank’s pioneering open banking platform, “will be available to all users on Socios.com.” The company stated: “Socios.com empowers users…

From the Twitter Hackers to Not Your Keyser, Not Your Coins – Cointelegraph Magazine

boss

The high-profile Twitter hack — which saw malicious actors take over 130 verified accounts including Bill Gates and Elon Musk — managed to be both technically brilliant and incomprehensibly stupid at the same time. It was a multi-person attack, deep inside the company’s infrastructure, using sophisticated social engineering to defeat 2FA-protected accounts. But while the hackers were smart enough to defeat Twitter’s security, trawling through the internal Slack messaging system to unlock ever greater levels of access, they ultimately failed. Miserably. Instead of, say, using Musk’s account to send Tesla…