The extortionists demand a payment in bitcoin to avoid the detonation of an explosive device, per a report. Original
Spate of Bitcoin Extortion Bomb Threats Hit Government, Schools in Japan
Day: October 12, 2020
BitMEX Exchange Hires Compliance Chief After US Charges
BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading services, has hired a compliance veteran. Source
TikTok Rival Triller to Consider IPO Option with SPAC
According to sources familiar with the IPO plans, Triller is also considering raising $250 million in private funding which is expected to be led by investment banking giant UBS Group. The parent company of social networking app Triller has intentions of taking its company for an IPO by partnering with a Special Purpose Acquisition Company (SPAC). Per a Reuters report, the SPAC option for Triller will offer a way to bypass extreme regulatory hurdles that align with the company’s intentions for going public. A special purpose acquisition company is one…
Elon Musk Plays Down Sighting of Bitcoin ATM in Tesla Gigafactory
While Elon Musk doesn’t seem sure, LibertyX claims it has installed three bitcoin ATMs at the Tesla Gigafactory in Nevada. Original
Revamped Crypto Derivatives Exchange Qume Set to Fly in Wake of BitMEX Woes
The timing couldn’t be better for regulation-focused trading platform Qume, which unveils a revamped set of services Monday. Even in its soft-launch phase, the derivatives exchange has been mopping up customers in the wake of U.S. charges against BitMEX. “We’ve seen an uptick in users with about 2,000 customer sign-ups in the last week,” Aditya Mishra, CEO of the Singapore-based Qume, said in an interview. “In terms of specific trading volume, I guess we will really know in the next week or so.” Nearly 30% of BitMEX’s bitcoin balance has…
Shenzhen Rolls Out 10M Digital Yuan in Public Giveaway Program
The aim behind the initiative is to allow the citizens to spend the digital yuan. According to Liao Qun, chief economist at China Citic Bank International, the program will spur consumption in Luohu district. Besides, it will stimulate using CBDC in consumers’ everyday lives. Chine is progressing in the development of its central bank digital currency (CBDC), or digital yuan. Earlier, China revealed that the currency was out for testing in various sectors. Last week, one of the country’s fastest-growing city Shenzhen announced a public giveaway program that includes the…
Charted: Chainlink (LINK) Seems Unstoppable As Bulls Take Over Crypto Market
Chainlink (LINK) started a strong increase above the $9.65 resistance against the US Dollar. The price is now attempting another upside break above the $11.00 resistance. Chainlink token price is showing positive signs above the $10.00 resistance against the US dollar. The price is now testing the $11.00 resistance and it is well above the 100 simple moving average (4-hours). There is a short-term rising channel forming with support near $10.50 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The pair could rally if there is…
TA: Ethereum Lacks Momentum Above $375, But Dips Likely To Be Limited
Ethereum staged a strong increase and climbed above the $370 resistance against the US Dollar. ETH price is currently consolidating gains and it could correct lower. Ethereum started a decent increase above the $355, $365 and $370 resistance levels. The price is now well above $365 and the 100 hourly simple moving average. There is a short-term bullish trend line forming with support near $372 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but dips are likely to remain contained near $365 or…
What Is Chainlink? | Blockchain News
Chainlink is a decentralized oracle network built on the Ethereum network, founded by CEO Sergey Nazarov. The Chainlink network has made a name for itself by providing reliable tamper-proof data for complex smart contracts on any blockchain. History In 2014, SmartContract.com was founded as a way to bring external data onto the blockchain. From this, Chainlink was born, enabling smart contracts to connect to data feeds from any data source or API. This was a game-changer for the blockchain industry. The first iteration of Smartcontract.com’s oracle solution was reliant upon…
TA: Bitcoin Likely Gearing For Another Upside Break: Rally Isn’t Over Yet
Bitcoin price surged above $11,000 and $11,200 against the US Dollar. BTC is now consolidating gains and it seems to be preparing for another rally above $11,500. Bitcoin is showing positive signs and it is trading nicely above the $11,200 support level. The price is facing a short-term resistance at $11,420, but it is above the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $11,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally if it…