Hashgraph has partnered with the Chopra Foundation to develop a mental health platform that they hope will scale to 1 billion users within five years. The platform’s initial focus will be on suicide prevention, though they hope to eventually turn it into a broader mental wellbeing network. According to the press release, the “Never Alone Initiative” will “serve a global community, delivering secure access to scientific research, the work of mental health and wellness experts, and pragmatic tools and practices for everyday use.” We asked Hashgraph CEO Mance Harmon whether…
Day: August 22, 2020
University of Utah Pays Ransomware Gang to Prevent Student Data Leak
The University of Utah’s College of Social and Behavioral Science confirmed that they were hit by a ransomware attack on July 19. According to a statement issued by the University, the gang left many computers inaccessible for several hours as staff took servers offline to prevent the malware from spreading to other machines on the school’s network. Following internal discussion, officials decided to work with the school’s cyber insurance provider to pay a $457,059 ransom in order to prevent a data leak. Staff from the university clarified that the insurance…
Top DeFi Coi nYearn.finance (YFI) Drops 20%: Why Analysts Remain Bullish
Yearn.finance (YFI) has embarked on a parabolic run-up over the past few days. The Ethereum-based asset traded at $4,200 one week ago, and yesterday, it reached $16,500. This is a gain of almost 300% in around seven days. The asset is beginning to reverse, though. YFI is down 20% in the past 24 hours as the market seemingly believes the asset is overbought or overvalued in the near term. Here’s what analysts think comes next for the coin. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC…
Bitcoin Macro Trend Unaffected by Chinese Investors’ $50B Tether Exodus
New data from Chainalysis shows Chinese investors reportedly used Tether (USDT) to move nearly $50 billion overseas. This has led some crypto investors to question whether or not Bitcoin price could be impacted by capital flight from China. Chainalysis researchers said: “Over the last twelve months, with China’s economy suffering due to trade wars and devaluation of the yuan at different points, we’ve seen over $50 billion worth of cryptocurrency move from China-based addresses to overseas addresses.” A large portion of the funds were moved through Tether and as this…
Here’s the Crucial Level That May Spark Bitcoin’s Next Bloodbath Decline
Bitcoin has been caught in the throes of an intense bout of sideways trading for the past few weeks, with attempts to break above or below the upper-$11,000 region proving to be highly fleeting. Earlier this week, the benchmark cryptocurrency rallied as high as $12,400 before it lost its momentum, with its price subsequently plunging to lows of $11,600. The support at this level has held strong in the time since, with this decline kicking off another bout of consolidation. Although in the short-term it remains somewhat unclear as to…