Day: September 27, 2020

Most crypto exchanges are vulnerable by design, says ByBit CEO

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Crypto exchange security is once again in the news after hackers breached KuCoin. But this shouldn’t surprise people as exchanges are vulnerable by design, according to ByBit CEO Ben Zhou.  Zhou told Cointelegraph that exchanges act as a single point of failure. As a centralized web application, exchanges are susceptible to the same security issues as all other websites.  Security becomes even more important as investors and traders are increasingly taking exchanges to task to protect funds.  The vast majority of crypto exchange servers and storage networks, Zhou said, keep…

Why traders are not worried that the KuCoin hack will drop Ethereum price

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Analysts say that the unknown hacker behind the KuCoin breach is selling the stolen ERC-20 tokens on Uniswap. Although selling tokens on the Ethereum-based decentralized exchange allows the hacker to obtain Ether (ETH), it doesn’t mean it’s laundered. All transactions made on the Ethereum blockchain network are traceable using blockchain explorers, meaning even if the tokens are converted to Ether, the stolen amounts would still leave traces. This means exchanges can (and probably will) suspend any exchange address that is associated with the tainted funds. The 1-day chart of Ether.…

Forget Nick Fury, Marvel’s Luke Cage Deserves a Disney+ Resurrection

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A report from Variety has indicated that Samuel L. Jackson has been tapped to reprise the role of Nick Fury for an upcoming Disney+ series. But where’s Luke Cage? Despite the popularity of the Fury character, Disney+ may be better served resurrecting Luke Cage, which was canceled by Netflix in 2018. It is believed that the television rights to the Cage character will revert back to Marvel/Disney this fall. While little is known about the project, Samuel L. Jackson is apparently set to reprise his role as Nick Fury in…

Here are 3 Factors That Suggest Bitcoin is Poised for a Serious Push Higher

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Bitcoin’s price action has been flashing mixed signals to investors, as its price has been caught within a wide trading range between $10,200 and $11,200 as buyers and sellers battle for control of its near-term outlook. The cryptocurrency’s inability to post any sustainable upswing indicates the strength that sellers have at the present moment, which has led to a mounting sense of fear amongst investors. That being said, one analyst is noting that this is a primary reason why he is still bullish on BTC – using investor sentiment as…

Chainlink (LINK) Presses Past $10 as Weekly Chart Remains Bullish

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Chainlink (LINK) has been one of the top-performing crypto-assets after its crash early last week. The coin is up 5% in the past 24 hours alone, outpacing Bitcoin’s 0% performance and Ethereum’s -1% performance. LINK may have room to move even higher coming days as the technicals of the cryptocurrency remain in a bullish state. Related Reading: MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase Chainlink Primed to Move Higher Chainlink is primed to move higher despite stagnation in the price of Bitcoin and Ethereum, the two market leaders. One crypto-asset…

Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold

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Galaxy Digital CEO Michael Novogratz explains why it is a dangerous time to be in the stock market right now, leading up to the U.S. presidential election. While bearish on the dollar, Novogratz is bullish on bitcoin and gold but thinks that bitcoin has more upside than gold. Dangerous Time to Be in Stock Market, Buy Bitcoin Billionaire investor and Galaxy Digital CEO Michael Novogratz explained his view on the best investments as the November U.S. presidential election approaches in Wednesday’s episode of CNN’s Markets Now show. “I think in…

Regulation, Uniswap controversy and how many use crypto worldwide

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Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   European Commission unveils digital finance package for crypto and blockchain The days of murky legal waters and uncertainty for the crypto industry could be coming to an end if the European Commission is to be believed. A new digital finance package has been unveiled that proposes new legislation on crypto assets in Europe, including “stringent requirements” on companies that issue stablecoins with a circulating…

Polkadot: A Decentralized Center for Specialized Blockchain Interoperability

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Polkadot seemingly appeared from nowhere in the crypto space. Created by Ethereum co-founder, Dr. Gavin James Wood, Polkadot is quickly becoming the “blockchain of blockchains”, with a string of integrations and announcements throughout the last month or so. With 15 years of open-source coding experience under his belt, Wood joined Vitalik Buterin in 2014 to start work on what would become the second-largest cryptocurrency by market cap. By 2012, Wood had ambitions to build an evolved version of Ethereum, interoperable with other blockchains. The Polkadot vision is to lay the…

Looks Like Conor McGregor Has Not Retired—But He Should

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When Conor McGregor last retired in June, few took him seriously, and it now appears as if they were right to do so. In some recent tweets, McGregor made it sound like he’s been trying to schedule another UFC fight. He might have even scheduled another boxing match. But with everything he has going on in life, the smarter decision may be to stay retired. Conor McGregor is one of those guys you cannot help but love. Fans love it when he fights. They love his confidence, his bravado, and…

Only 2.5 million Bitcoin left to mine

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With only 21 million Bitcoin (BTC) to be issued, a little under 2.5 million BTC remains for mining. In a tweet, ChartBTC said the Bitcoin network already passed the 18.5 million BTC mark in circulation. This means there is less than 2.5 million BTC left, or about 11.9% of the total Bitcoin to be generated. ChartBTC pointed out half of the remaining 2.5 million BTC will be mined in the next four years. Since the genesis block back in 2009, the Bitcoin network has already undergone three halvings, with the…