Reddit leak hints at what we can expect from the upcoming demo for this year’s iteration of EA’s perennial soccer sim, FIFA 20. | Source: EA. Image Edited by CCN. A leak surfaced on Reddit purporting to show details of the upcoming demo for this year’s iteration of EA’s perennial soccer sim, FIFA 20, in the form of a promo shot featuring Real Madrid midfielder Eden Hazard. A closer look at the leaked image reveals much about we can expect Read more …
While Bakkt clients will be able to deposit their funds into the Bakkt Warehouse next week on Sept. 6, Bitcoin price is trending downwards after falling below $10,000 in the run-up to the event. So is this already priced in or the market cycles are just repeating themselves? Let’s take a look at some key similarities to previous bull market cycles. Similarities I & II: 100-week MA & 21-week EMA providing support BTC/USD Weekly chart. Source: Tradingview A common discussion Read more …
This ridiculously simple Bitcoin scam is stealing funds from crypto ATM users, using nothing more than a single piece of paper. | Source: Shutterstock Many devious scammers will go to extreme lengths to steal your hard-earned crypto funds. However, one Canadian fraudster devised a lucrative Bitcoin scam that’s decidedly more low-tech. It involves a single piece of paper – and a Bitcoin ATM. Most Low-Tech Bitcoin Scam Ever? If you see a poster hung next to a cryptocurrency ATM, chances Read more …
Bitcoin’s blockchain produced new historic records this week as the cryptocurrency’s technical health increasingly contradicts its lower price. Bitcoin Hashrate Hits 83 Quintillion As data from monitoring resource and wallet provider Blockchain.com confirms, it was Bitcoin’s 00 hashrate leading the charge, hitting 83.5 quintillion hashes per second on August 29. That number is BTC’s best achievement in its ten-year history, and the first time hashrate has surpassed 80 quintillion hashes per second. Hashrate refers to the amount of computing Read more …
Popular streamer Ninja slams Fortnite cheaters who take part in teaming, calling for Epic Games to do something to ‘mitigate’ the issue. | Source: Robert Reiners / Getty Images / AFP Popular streamer Ninja unloaded on Fortnite cheaters who he says are ruining the battle royale juggernaut’s competitive landscape. The streamer, real name Tyler Blevins, also demanded that Fortnite developer Epic Games “mitigate” the issue of cheating in the game. Fortnite Teaming Scandal Clouds Cash Cup Tourney Here’s the backstory: Read more …
Earlier this week, BitPAC — conceivably the only active crypto-centric political action committee (PAC) — announced its plans to hold an initial coin offering (ICO). The committee will reportedly issue a utility token called Politicoin, which will then be used to support its candidates running for public office. So, can PACs become a gateway for cryptocurrency-based contributions in United States politics while select states and high-profile nominees like Hillary Clinton explicitly refuse to accept digital assets during political campaigns? PACs, Read more …
Twitter and Square CEO, Jack Dorsey, had his personal Twitter account hacked this week. Whilst in control of the account, the hackers posted a bizarre stream of messages including racial slurs and a bomb threat. Dorsey has been very vocal in his support for Bitcoin, so what impact could this have? What Does A Twitter Hack Have To Do With Bitcoin? Nothing, right?… or at least, perhaps there is no direct link. But it does provide us with a timely reminder Read more …
Over the past week, Bitcoin (BTC) has shed 6.5%, falling to $9,500 from its former support of $10,000. Despite this downward price action, the fundamentals of the cryptocurrency continue to swell, pointing towards a potential rebound in the coming weeks and months. Related Reading: Bitcoin Bull Jack Dorsey’s Twitter Hack Is a Wakeup Call for Crypto Security Bitcoin Extremely Strong as a Network According to data from CoinMetrics, Bitcoin remains strong as a network — price aside. In a recent Read more …
Despite the drawdown in the price of Bitcoin — which some analysts say would result in a change of tides for altcoins — BTC dominance continues to tick higher. As of the time of writing this, the key market metric is approaching 70% for the first time in years, implying that once again, almost all cryptocurrency inflows are making their way into Bitcoin. Related Reading: Altcoin Anguish Continues as Bitcoin Bounces Back Reclaiming 70% Dominance But, as time passes, an Read more …
New data reveals Bitcoin’s true value is way less than you probably think – but that’s not necessarily a bad thing for BTC. | Source: Shutterstock Bitcoin’s reported $172 billion market cap may be a point of pride for cryptocurrency enthusiasts everywhere, but how accurate is it as a measure of Bitcoin’s worth? Not much. In fact, new data from CoinMetrics suggests the true Bitcoin price amounts to far less than we’re led to believe. Bitcoin: ‘Market Cap’ Diverges Wildly Read more …
Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter focused on crypto assets. Sign up here. For a primer on crypto custody concepts, you can download our free report here. The crypto asset sector is notorious for its confusing use of vocabulary. Seriously, in what sense is a sequence of code a “coin”? And in Read more …
Ex-Amazon employee, arrested last month over Capital One data breach, has also been accused of hacking over 30 more companies. In addition to stealing data, Paige Thompson allegedly used the compromised servers to mine cryptocurrency. Hacking The Hand That Feeds You The FBI arrested Thompson at the end of July, concerning a massive data breach at Capital One. The hack had exposed over 100 million credit card applicants personal details, including social security numbers and bank accounts. However, a federal Read more …