Day: August 27, 2020

Whistleblower Kidnapped in Ukraine After Accusing Crypto Firm of Exit Scam

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A group of people pushed a man into a gray minivan on a dark street. The man yelled, “Help! Help! No!” and pushed against the van. Passersby shouted, “Let him go!” and tried to stop the van. The man was finally stuffed inside and the van left.  This blurry video, apparently filmed by an unidentified witness Wednesday night in Kyiv, Ukraine, and circulated by local news publications Thursday morning, might mark a new chapter in the story of Bitsonar, a crypto investment firm that raised millions of dollars from investors…

Traders say Bitcoin now faces 2 main scenarios: $16K or $9.6K — Here's why

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As Bitcoin price corrects, traders debate whether BTC will visit $9.6K or $16K first. The price of Bitcoin (BTC) has declined by more than 6% in the last three days and with the $276 million CME Bitcoin futures expiry approaching on Aug. 28, traders are nervous that additional downside could be in store. Following Bitcoin’s rejection at $12,500, traders foresee two key scenarios playing out over the short term. Some technical analysts believe that Bitcoin is headed to either $16,000 or $9,600 first but the near-term outcome remains uncertain as…

Jerry Jones Is Not Wrong With His Stance on National Anthem Protest

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Jerry Jones is the most powerful owner in the NFL, which is why many want to hear him speak out in favor of social reform. He remained uncharacteristically quiet all summer and did not satisfy anyone with his comments on ‘grace.’ By proposing the team does something similar to what it did in 2017, it sounds like he will not do anything different. But that may not be the case. Dallas Cowboys owner Jerry Jones has been a lightning rod for criticism ever since he bought the franchise. It is…

Wasabi Wallet Is Revamping Its CoinJoin Design to Allow Bitcoin Mixing With Differing Values

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Privacy-focused Bitcoin software wallet Wasabi is getting a major protocol overhaul. The Wasabi team is working on a new protocol design, dubbed WabiSabi, in a bid to improve the user experience and privacy guarantees of the wallet’s CoinJoin transactions. The major design change would allow users to coinjoin with different values than their peers, a first for the privacy-minded technology that could lead to new (and more flexible) use cases. Wasabi has been conceptualizing the design in a research group since the beginning of 2020 and has hired team members…

Will Fall Guys Season 2 Be Enough?

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Fall Guys Season 2 looks great, but the amount of brand-new content isn’t clear. Most of the shows appear to be re-skinned. Can Mediatonic keep up with the modern gaming landscape? Fall Guys has been the hit game of the summer. The colorful, noob-friendly battle-royale-lite has become the top PlayStation Plus game of all time and sold seven million copies on Steam in just its first season. While interest in the game is still high, I worry that might fall off with Season 2. I love Fall Guys. I’ve played…

Margin Traders Go Short on Polkadot as Its Massive Ascent Continues

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Polkadot has become a rising star within the crypto markets, with the layer one “Ethereum killer” seeing massive inflows of capital throughout the past few weeks that have allowed it to become one of the largest crypto assets. Currently, DOT is the sixth-largest cryptocurrency, with its market capitalization only being a few million away from passing that of Chainlink. This intense growth has come about as investors begin looking towards so-called “Ethereum killers” as viable investment prospects, as the recent DeFi mania has directed a spotlight on Ethereum’s lack of…

VIX Raising “Red Flag” On Stocks, Could Be Bearish For Bitcoin

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Analysts rely on a variety of tools to tip them off about coming price action, with some offering better results than others. A top and bottom-sniping tool used to call the 2007 top in the stock market, is once again raising a red flag. Here’s why this could also be bearish for Bitcoin and the rest of the cryptocurrency market. Stock Market Raises “Red Flag” Warning Sign, Analyst Warns Of “Impending Reversal” The stock market pumped today on Jerome Powell’s monetary policy speech, while Bitcoin price tanked. The S&P 500…

This DEX is ignoring the ‘test in production’ attitude held by other DeFi companies

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IDEX, a decentralized exchange, recently underwent a security audit by Quntstamp prior to the release of its 2.0 mainnet. The exchange’s CEO Alex Wearn emphasized the importance of security audits to Cointelegraph: Depositing funds into contracts that the authors themselves state are unaudited, and were rushed to market in a matter of weeks, is clearly a dangerous game. There have been quite a few hacks and instances of lost funds as evidence of these potential risks. Wearn was alluding to the fact that many popular DeFi projects have launch unaudited —…

Another inside job at Shapeshift cost the company nearly $1 million

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Following the theft and repayment of $900,000 in Bitcoin (BTC), Shapeshift is now pursuing damages in court against its former senior software engineer, Azamat Mukhiddinov.  “There was significant time lost and legal costs associated with the clean-up,” Shapeshift’s chief legal officer, Veronica McGregor, told Cointelegraph, noting that customer funds were safe throughout the ordeal. “ShapeShift is non-custodial, so no customer funds were ever at risk,” she said.  Working in a high level position for Shapeshift, Mukhiddinov allegedly used his access to the exchange’s backend to steal roughly 90 BTC, worth nearly…

Market Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on Gas

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Bitcoin’s rally lost power after a speech by the Federal Reserve chief; Ethereum gas usage hits another record. Bitcoin (BTC) trading around $11,251 as of 20:00 UTC (4 p.m. ET). Slipping 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,130-$11,596 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since August 25. Source: TradingView Thursday featured a highly anticipated speech by Federal Reserve Chair Jerome Powell highlighting U.S. dollar inflation. During the hour Powell spoke, spot bitcoin hit as high…