Month: July 2020

As the crypto community is anticipating Ethereum 2.0, a large number of Ether (ETH) holders already have enough ETH for staking on the network. Nearly 80% of total Ether (ETH) supply is being held by non-crypto exchange wallets exceeding the amount required for staking on Ethereum 2.0, according to the latest “Ethereum 2.0 Economic Review” report. Published on July 16, the report is by executives at the Ethereum blockchain infrastructure developer ConsenSys. The network accumulates ETH required for staking on Read more …

If the company’s jobs site is any indication, Twitter has been openly hiring for security positions in the months leading up to this week’s notorious hack. According to the company’s job search, Twitter posted several key job descriptions pertaining to company security two months ago. The company was (and still seems to be) hiring for a senior infrastructure security engineer, senior security engineer, two senior application security engineers and staff product manager for security and data protection among several others. Read more …

Advertisment Bitcoin’s intense consolidation phase is now approaching its fourth monthThe cryptocurrency is still offering little insight into where it might go once this trend breaksIt also remains unclear as to what could catalyze this range to break, and both buyers and sellers have been increasingly moving to the sidelines as of lateOne factor to observe in the near-term is the massive amount of outstanding open interest within the marketThis metric currently hit a multi-month high, signaling that traders are Read more …

Crypto-focused institutional trading desks are lately springing up. While Wall Street investment banks and hedge funds are still in the early stages of involvement, a class of crypto-native funds founded by institutional pros is by now well established. Cointelegraph interviewed the co-founder of one of these funds, CMS Holdings’ Dan Matuszewski, to learn more about his views on the crypto market. Before involving himself in crypto in 2012, Matuszewski worked for some years at Bay Hill, an institutional hedge fund. Read more …

Cybersecurity experts are warning about a family of banking trojans that target Windows users across Latin America, but this trojan happens to focus on stealing cryptocurrencies. According to a report published by cybersecurity firm ESET, the malware is known as “Mekotio” and has been active since approximately March 2018. Since then, threat actors have been continuously upgrading the capabilities and range of attack, mostly known by targeting over 51 banks. But now the trojan is focusing on Bitcoin (BTC), instead Read more …

Seven years ago, agents from the United States Federal Bureau of Investigation busted into a San Francisco Public Library to arrest Ross Ulbricht, the mastermind behind the Silk Road. Launched in 2011, the Silk Road was the first modern darknet market where anonymous users could purchase illicit drugs, weapons and other illegal goods using Bitcoin (BTC). Although the Silk Road was shut down in 2013 following Ulbricht’s arrest, many individuals still use Bitcoin and other cryptocurrencies to purchase illicit drugs Read more …

Advertisment The response to the Covid-19 pandemic has been ruthless on the global economy and during the last six months, traditional stocks and commodities have felt extreme market volatility. Coinshares published a comprehensive report this week in regard to how bitcoin performed during the coronavirus outbreak. The seven-page study highlights how bitcoin’s rebound to pre-Covid price levels has “unsurprisingly garnered attention amongst the investment community.” Coinshares’ head of research Chris Bendiksen recently published a report that discusses how bitcoin (BTC) Read more …

There are still 14 victims of the massive Twitter hack that could still get their Bitcoin back. These victims sent some Bitcoin to a hacker address, but their transactions are still unconfirmed on the Bitcoin network. They are currently hanging in limbo, or Bitcoin mempool. These transactions seem to be unconfirmed after many hours because the senders designated a very low transaction fee that’s unattractive to miners. Bitcoin Core developer Wladimir van der Laan confirmed this to Cointelegraph. “Miners pick Read more …

The DeFi craze is showing no signs of cooling off, and each week a new crypto token is on fire as a result. The industry’s hottest token currently, is LEND, a DeFi protocol for lending and borrowing crypto assets. The altcoin is up over 3000% in 2020 alone, but there are at least three major signs that the current explosive LEND trend is about to end. DeFi Hype Helps Yet Another Token Climb To Super Stardom The DeFi hype train Read more …

VeChain is clearly going up in the crypto world, as it is the latest target of the classic fake livestream airdrop on YouTube. The livestream, promising to give away half a billion VET tokens, has 38,000 viewers at time of writing. Double your money It’s a time-honored scam, supposedly originating from the early days of the Runescape online video game. You give me one token, I give you two tokens back. Double your money. Simple. Except for the fact that Read more …

Bitcoin’s price action in recent times has been lackluster, providing investors and analysts alike with little insight into the state of its macro trend. This ongoing sideways trading may not be unprecedented, however, as a look at the cryptocurrency’s historical post-halving price action suggests that this may simply be one of the initial phases of its next intense bull run. One analyst mused this possibility in a tweet, pointing to striking similarities between Bitcoin’s recent price action and that seen Read more …

Some of the wealthiest individuals in the world are dumping stocks they bought at the Black Thursday bottom this past March. Thanks to an ongoing tight correlation between the stock market and Bitcoin, any selloff could also impact the cryptocurrency. If the stock market does start crashing again, how might this affect Bitcoin in the days ahead? UBS: Billionaires Are Preparing To Dump Stocks Bought During Black Thursday Bottom According to a firm that’s dubbed the ‘fortress bank for billionaires’, Read more …