Day: October 1, 2021

Altcoins take the next leg up after Bitcoin price holds $47.5K

Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of Bitcoin (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions.  The altcoin market quickly followed suit with a majority of the tokens in the top 200 registering double-digit gains for the day. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were…

Chamath Palihapitiya Warns ETH Holders! (Ethereum to ZERO!)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Chamath Palihapitiya, one of the first employees of Facebook, has been extremely bullish on Bitcoin. He has made the rounds recently discussing how hodl’ing Bitcoin helps him to sleep at night. With all the rampant money printing going on, it’s easy to see why any person would want to get out of cash and into other assets. But the only crypto asset Chamath believes in is Bitcoin. But where does this leave our poor little Ethereum? Stay tuned today as we break…

Introducing the Decentralized Money Stack

This week, when the team at MIT Technology Review put me into a fireside chat with journalist Charlotte Jee during their Emtech MIT conference, the assigned title for the session – “Demystifying Decentralized Finance” – got me thinking. It occurred to me that before we demystify DeFi, or for that matter the wider ecosystem of blockchains and digital assets, we need to first demystify traditional finance (TradFi). Most people don’t have a solid understanding of how our capitalist system of payments, credit and asset transfers works. Getting to that understanding,…

3 factors that can send Ethereum price to 100% gains in Q4

Ethereum’s native token Ether (ETH) has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators. Ether price soared by more than 9% Friday to hit nearly $3,300 for the first time in ten days. Its gains surfaced primarily in the wake of a price rebound across all the top cryptocurrencies, including Bitcoin (BTC), which gained 9.5% to hit $48,000, the highest level in 10 days. Ether-Bitcoin correlation against rising U.S. inflation Friday’s crypto market boom coincided with the…

Band Protocol Big Partnership – KuCoin News – DSLA Protocol – Goldman Sachs Crypto Investment

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Is Mozilla Trying to Sabotage Distributed Identity? — CoinDesk

Environmental critiques of Bitcoin are, at the very least, still open for debate. It is strange, then, that Mozilla is taking them so much at face value as to say that PoW should be “opposed,” full stop. It is especially strange since the current DID draft standard does not even mention PoW mining, according to Coin Center, and can accommodate many data architectures. Source

Stablecoin Issuers Could Soon Face Bank-Like Regulations — CoinDesk

A senior administration official confirmed to CoinDesk that the report is accurate and that the federal government is looking at two different pathways. The first is the congressional pathway outlined by the WSJ, though the official did not provide specifics. The second is through the Financial Stability Oversight Council (FSOC), a panel of regulators tasked with monitoring potential risks to the financial system. Source

Tehran Stock Exchange Head Resigns Over Mining Rigs Found at Organization’s Office – Mining Bitcoin News

The director of Tehran’s Stock Exchange has resigned from his post following the discovery of cryptocurrency mining rigs in his organization’s basement. The scandal has erupted as licensed crypto miners in Iran are reportedly resuming operations amid fears of new restrictions in the winter. Iran Stock Exchange CEO Loses Job for Illegal Crypto Mining Under His Watch Ali Sahraei, chief executive of the Tehran Stock Exchange, has submitted his resignation after cryptocurrency mining machines were uncovered in the building occupied by the organization. Media reports of the illegal mining operation…

Hackers exploit MFA flaw to steal from 6,000 Coinbase customers — report

Cryptocurrency exchange Coinbase has reportedly suffered another security breach after attackers were able to bypass the company’s multi-factor authentication, or MFA, feature in a coordinated campaign earlier this year.  The attackers stole cryptocurrency from 6,000 accounts, though the monetary value of the theft wasn’t disclosed, according to a report from Bleeping Computer. Earlier this week, Coinbase reportedly notified affected customers that the theft occurred between March and May of this year. To gain access to the accounts, the attackers must have known the affected users’ email address, password and phone…