Day: October 16, 2020

187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

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Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) from exchange-owned cold wallets. In February, Coinbase had 1 million bitcoin under management and today reserves are down over 9% as 92,000 bitcoin ($1B) has left the exchange. Today, according to Bituniverse’s online exchange balance…

Typical 4 Channels Through Which Ransomware Is Distributed

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Tim Ismilyaev, CEO & Founder of Mana Security speaks on how hackers work and what minimum protective measures everyone should implement on their personal computers. The G7 countries have banded together against ransomware hacking attacks on schools, hospitals and companies. During the pandemic, this number of attacks only intensified. Representatives from seven countries: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States have said they will be sharing information related to such threats, including financial information, cyber tactics and procedures, to guide and coordinate actions. Of particular…

Record-high Bakkt Bitcoin delivery exposes institutional frenzy for BTC

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Data from Arcane Research shows Bakkt Bitcoin exchange saw another record-high month from Sept. 20 to Oct. 20. This follows a noticeable rise in institutional demand for Bitcoin (BTC) from public companies in recent months. Bitcoin delivery on Bakkt. Source: ICE, Arcane Research Bakkt, the digital asset payment platform and derivatives exchange, is tailored for institutional investors in the U.S. It is operated by Intercontinental Exchange, the parent company of the New York Stock Exchange. When the volume of the Bakkt Bitcoin futures market increases, which physically settles Bitcoin contracts,…

Despite Short-Term Outlook, Yearn.finance’s (YFI) Macro Prospects are Ultra Bullish

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Yearn.finance’s short-term outlook has been grave, with bears being in full control of its price action as buying pressure begins drying up. The cryptocurrency’s recent descent has come about due to a myriad of different factors, including heightened founder risk, a fractured community, as well as the overall downturn in the DeFi sector. Additionally, relatively low rates being provided to liquidity providers has caused the yVaults to see incredibly low usage, which has also struck a blow to the embattled Yearn ecosystem. Analysts are now noting that despite the short-term…

Market Wrap: Bitcoin Has Light Response to OKEx While Ether Options Traders Make Beacon Bets

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Bitcoin rebounded from an OKEx-related drop; ether options traders may be beacon chain bearish.  Bitcoin (BTC) trading around $11,327 as of 20:00 UTC (4 p.m. ET). Slipping 2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,199-$11,623 BTC below its 10-day moving average but above the 50-day, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Oct. 14. Source: TradingView Bitcoin’s price moved as high as $11,623 late Thursday/early Friday but trades at that height were short-lived. Spot traders punched the sell button around 04:00 UTC (12:00 a.m…

US Election Results to be Published on the Blockchain

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Everipedia, the blockchain-based encyclopedia has teamed up with international newsgroup The Associated Press (AP) for the publication and distribution of results for the upcoming US election in November. The Associated Press has been in charge of counting votes and declaring election victories, and every vote for every US election in history has been overseen by The AP. Now, the news organization is utilizing the EOS blockchain-based encyclopedia – Everipedia, to count votes and publish election results on the blockchain, with the use of Chainlink oracles to increase transparency in the…

8 Security Tips to Protect Your Money

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Protect your money and your personal information by being always on guard of your account and banking details. Paying on cash is a great way to reduce debt while the use of credit cards provides a convenient way to pay for the purchases you make. However, there is a need for things and tools to protect the money you worked hard for because there are many ways hackers steal money from your card and even from your wallet.  Cybercriminals can do anything and everything to steal money from you. Hackers…

How Token Incentives Create Fairer Models than Online Advertising

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Gather’s cloud computing solution has already won over a slew of businesses, with over 200 companies signing up. Online advertising has a reputation problem. From pop-ups to autoplay videos, to retargeted adverts that stalk their users from site to site, the world wide web is increasingly saturated with adverts. The more aggressive and intrusive this advertising becomes, the more the average internet user becomes wary of surfing online. Consumers are now so sick and tired of online adverts that as many as 1 in 4 consumers use an ad blocker…

“Be Scared” Going To Bed Without Spot Bitcoin Exposure

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Bitcoin’s bull run could very well be here, but with the pandemic and the coming election, there’s so much risk in the air. However, one crypto trader says that they’d be more “scared” going to sleep at night without holding spot BTC at this point, than not. Here’s why the crypto trader claims that it’s a far more frightening nightmare to watch the bull market take off without you than risking a little downside. Investor Nightmare: “Be Scared” To Sleep On The Next Bitcoin Bull Run The run-up in 2017…

Price analysis 10/16: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

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Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend. Chicago Mercantile Exchange’s cash-settled Bitcoin (BTC) futures trading products “contribute more to price discovery than its related spot markets,” according to findings in a new report by investment firm Wilshire Phoenix. The increasing volumes of crypto derivative products highlight greater participation from institutional investors and this will likely be positive for the entire crypto space. This is not unique to cryptocurrencies because even in most other asset classes, the derivatives markets lead…