Business

  • Roger Ver Donates $10K in Bitcoin Cash to Casa de Amparo Children’s Shelter

    Just recently Bitcoin.com’s Roger Ver donated $10,000 worth of bitcoin cash to the charitable organization Casa de Amparo, a 501(c)(3) charity that helps children escape child abuse and neglect. Since 1978, Casa de Amparo has offered a myriad of programs that help those affected by and at risk of child abuse in San Diego County. Casa de Amparo: A Major Force in the Field of Child Abuse Prevention In the 2019 28th edition of the Child Maltreatment Report, it notes that there are millions of U.S. children who are subject to various forms of neglect, physical abuse, verbal abuse, and sexual abuse. Children have little choices and it is very hard for them to escape violence and abuse without help from an adult. Since 1978, the nonprofit Casa de Amparo has been helping children who are currently affected by child abuse or are at risk of maltreatment. Casa de Amparo has expanded a great deal since it was initiated, and the organization offers “six programs serving all of San Diego County, with locations in Oceanside and San Marcos.” “Casa de…

    Jun 4, 2020
  • Pomp Explains Why Mainstream Markets Are Up Amid Chaos

    Even in light of recent riots, protests, and uncertainties, mainstream U.S. financial markets show upward prices due to overarching forces, according to Morgan Creek Digital co-founder, Anthony Pompliano.  “Yes there are protests, there are all these things, but the bigger force is the fact that now all these businesses are opening up,” Pompliano said in a June 2 episode of “Lunch Money” on his YouTube channel. “There’s going to be more economic activity and there should be a recovery in that data.” Economy returning to function After weeks of shelter-in-place orders and COVID-19 protection measures, many U.S. states are currently in the process of setting parameters for reopening businesses, public services and the like.  Over the past several days, however, protestors, rioters and everything in between have travelled the streets of many cities, expressing their disagreement with the police-related deaths of numerous citizens.  U.S. mainstream markets appear unfazed. The Dow Industrial Average, or Dow, a mainstream market barometer, still continues its recovery.   The economy “fell off a cliff in terms of economic output because we’ve sent everyone inside for 10…

    Jun 4, 2020
  • Bitcoin [BTC] Miners Recording Massive BTC Outflows, Will Bulls Survive? |

    Just a day ago Bitcoin was seen lounging above 10K. However, in just a day’s time, the price of the coin plummeted back to the 9K zone. As per CoinMarketCap, Bitcoin witnessed a 5.91% drop in its price over the past 24-hours, at press time. Bitcoin’s New York  Minute Merely 24-hours ago, the crypto community were rejoicing Bitcoin’s breach of the 10K zone. Several prominent members of the crypto community even went on to soothsay that there was no turning back for the king coin. While the community thought that the Halycon Days were here, Bitcoin’s price went crashing back to 9K. At the time of writing, Bitcoin’s price was down to $9,527 after reaching a high of $10,178.75, just yesterday. The Bitcoin blockchain underwent its third halving on 11 May 2020, where the block reward for miners lessened to 6.25 BTC from 12.5 BTC. The crypto industry expected the price of Bitcoin to ascend soon after the halving and it did as expected. However, the reason behind the price drop is still under speculation. style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″…

    Jun 4, 2020
  • Argo’s Mining Revenue Dips After Bitcoin’s Halving

    London-listed Argo reported a dip in May revenue, possibly as a result of the bitcoin halving event. ,

    Jun 4, 2020
  • Bitcoin’s Mass $220m Liquidation Spree is Fundamentally Positive for BTC

    Bitcoin saw an immense decline yesterday that was sparked by its latest push into the $10,000 region This decline caused the cryptocurrency’s traders to have nearly $100 million in long positions liquidated This massive torrent of liquidations came about less than 12-hours after the crypto’s rally to highs of $10,500 liquidated over $120 million in short positions Bitcoin has seen immense turbulence as of late, providing dangerous market conditions for active traders looking to cash in on this volatility. Yesterday’s fleeting spike to highs of $10,400 was followed up by a decline that led the crypto to lows of $8,600 on BitMEX. This massive $1,800 decline was devastating even for low-leverage traders, causing a total of $96 million in positions to be wiped off the board. This came about just several hours after Bitcoin’s sharp rally past $10,000 liquidated $123 million in short positions, with the past day eviscerating open interest on most major trading platforms. One analyst does believe that this volatility – and the liquidations that it caused – are good things for Bitcoin’s underlying health. He deems…

    Jun 4, 2020
  • The Juggernaut Messaging App Will Allow Confidential Chats on Top of Bitcoin –

    The Juggernaut Messaging App Will Allow Confidential Chats on Top of Bitcoin June 3, 2020 by Jeff Fawkes The new Juggernaut Messaging application built by a developer John Cantrell is presented on Medium. It allows people to communicate using Bitcoin and the Lightning Network. Also Read: Ai-Blockchain Issued Groundbreaking Patent for Cryptographic Digital Asset Ledger Solutions The new app is for tech-savvy gigs who want absolute privacy and want to support Bitcoin. Messages within the app are going via the Tor network. They also equipped with end-to-end encryption layers. The messages are fully encrypted, and not connected to your phone number, bank card, e-mail, or else. Also, there is no special token that represents the app. What you need to jump on board is the LND node and some Bitcoin to top up the account. The author of the app is happy that, by some moment in time, LND devs have added support for custom data fields. This will allow the users to send out data and attach payments to it, all in one request. Per the design of the…

    Jun 4, 2020
  • These Factors Show Ethereum is Still Poised to Explode Past Yearly Highs at $290

    Ethereum has entered a firm consolidation phase in the time following its recent bout of volatility. This turbulence came about yesterday, with ETH’s buyers propelling it to highs of $255 before it lost its momentum and declined down to lows of $230. Bitcoin triggered this movement, as the benchmark cryptocurrency first rallied to highs of $10,400 on Monday evening before losing all its buying pressure and reeling as lows as $8,600 on one major trading platform. The aggregated crypto market appears to be closely watching to see what Bitcoin does next, but it is possible that ETH will be able to incur some independent momentum. One analyst believes that this next Ethereum move could heavily favor buyers, as there are a couple emerging factors that may help boost it higher. Ethereum Consolidates Within Bull-Favoring Technical Formation Ethereum has entered what appears to be a consolidation phase as it struggles to garner any notable momentum. At the time of writing, ETH is trading down just under 1% at its current price of $238. It has been ranging between $230 and $240…

    Jun 4, 2020
  • “Bitcoin will approach record high of about $20,000 this year”

    The latest report from Bloomberg reveals that the company expects Bitcoin (BTC) to retest the record highs from 2017, and may even go as high as $28,000. COVID-19 & Institutions helping Bitcoin The report suggests that COVID-19 has accelerated Bitcoin’s maturation as an asset, showing its strength amid declining equities. In addition, it points to the ever-increasing appetite from the institutional investors, and Grayscale, or GBTC, in particular; which has been consuming about 25% of the the new supply: “So far this year, its increasing AUM has consumed about 25% of new Bitcoin-mined coins vs. less than 10% in 2019. Our graphic depicts the rapidly rising 30-day average of GBTC AUM near 340,000 in Bitcoin equivalents, about 2% of total supply. About two years ago, it accounted for 1%.” Narrowing GBTC/BTC premium. Source: Bloomberg. style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,

    Jun 4, 2020
  • Latest Bitcoin Core Code Release Protects Against Nation-State Attacks

    The 20th iteration of Bitcoin Core, the open source software powering the Bitcoin blockchain, was released Wednesday. Experimental software called “Asmap” was included to protect against a theoretical “Erebus” attack. An Erebus attack allows nation-states and/or large internet providers such as Amazon Web Services to spy, double-spend or censor bitcoin transactions. The patch would help thwart an attack but is not a conclusive fix. Bitcoin Core released a new software update Wednesday, Bitcoin Core 0.20.0. Notably, the release includes experimental software to hedge against attacks from players the size of nation-states, which could effectively fracture the Bitcoin network. Called “Asmap,” this new configuration protects the peer-to-peer architecture of bitcoin nodes by mapping connections to Tier 1 or larger Tier 2 Autonomous Systems (AS) – internet operators capable of connecting to multiple networks with defined routing plans such as Amazon Web Services or states – and then “limiting the connections made to any single [AS].” In essence, the so-called “Erebus” attack allows an AS to censor large swaths of the Bitcoin network by limiting and then spoofing peer-to-peer (P2P) connections. Failure…

    Jun 4, 2020
  • Coincheck Investigates Another Hack, but Funds Appear Safu » The Merkle News

    Any cryptocurrency exchange is always subject to intrusion. Coincheck, a Japanese platform, found that out the hard way once again. Suffering from a data breach is never fun for a company. Coincheck may Have Been Breached Again This is especially true if said company controls user funds on a daily basis. For Coincheck, it seems as if a new intrusion has taken place. style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,

    Jun 4, 2020
  • The Brutal Attack on Iyanna Dior Proves ‘Black Lives Matter’ Isn’t Enough

    Iyanna Dior is a black trans woman who was brutally attacked at a convenience store in Minneapolis. Minneapolis is the nexus of the latest #BlackLivesMatter protests, and where George Floyd was murdered. Dior’s attack caused activists to make clear: all Black lives must matter. Iyanna Dior had no idea that she would lead a movement. The trans black woman — a native of Minneapolis — found herself at the center of the current Black Lives Matter movement when a video of her assault went viral on social media. And while, thankfully, Dior is okay, her assault has caused several activists to speak out on the importance of the #BlackLivesMatter movement incorporating all Black lives, not just the lives of “cishet” black men and women. What Happened to Iyanna Dior? It is not enough to say “Black Lives Matter.” Not anymore. | Source: Odd ANDERSEN / AFP Two days ago, Iyanna Dior walked into a convenience store in Minneapolis. This detail, while seemingly minor, is important, because it’s the city at the nexus of the current #BlackLivesMatter protests. Minneapolis, we will recall, is where…

    Jun 4, 2020
  • Grayscale’s Ethereum Trust Trading at Huge Premium, Shows YTD Returns of 679%

    Data has shown that Grayscale’s Ethereum Trust is currently trading at a huge premium against ETH’s net asset value, indicating that there’s a fair amount of FOMO following it. While it’s still hard to determine whether the huge increase was caused by institutional or individual investments, traders should be careful when investing in products with such a high premium. Grayscale’s ETH Trust Shows Incredible YTD Returns Grayscale Investment’s Ethereum Trust has shown incredible returns this year, making it one of the most profitable trusts in the crypto industry. According to data from TradingView, the ETH investment vehicle, which is FINRA-approved and available to both retail and institutional investors, has shown year-to-date returns of almost 680%. When compared to the 84% growth ETH showed on the spot market since the beginning of the year, this indicates that Grayscale’s trust is traded at an incredibly high premium. style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,

    Jun 4, 2020
  • Exxon Mobil Joins Other Petroleum Giants in Testing Blockchain Pilot

    A consortium of 10 multinational oil and gas companies known as the Offshore Operators Committee (OOC) Oil and Gas Blockchain Consortium has reportedly tested a blockchain pilot to explore the possibilities of leveraging distributed ledger technology (DLT) to automate production and cut down operational costs.  Details of the Pilot Test According to Reuters, the OOC Oil and Gas Blockchain Consortium has tested out a DLT-based solution developed by information technology supplier Data Gumbo Corp. The pilot was reportedly geared towards leveraging blockchain technology for automating oilfield water-handling payments. According to the report, the blockchain pilot test focused exclusively on water hauling and automating payment verification. The test results proved that leveraging DLT optimized the workflow process, cutting production time down to one to seven days. Also, the blockchain-based solution was reportedly able to automatically process 85 percent of all volume measurements. Before DLT was utilized during the pilot test, production took as long as 90-120 days. Commenting on the results of the test, Chairman of the OOC Blockchain Consortium Rebecca Hofmann revealed plans to proceed with adopting blockchain technology within…

    Jun 4, 2020
  • Blockchain Platform to Track $2.5B Worth of Tea Products

    The Chinese province of Yunnan announced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3. The blockchain platform was first announced in the 2020 Phoenix Nest Ancient Tree Spring Tea New Product Launch Conference in Kunming, Yunnan.  They will use the platform to conduct quality control, sales, and loan financing operations on 42,000 hectares of farmland across the province. According to Chinanews, the province is famous for its dark, fermented variety of tea. It’s the major Chinese agricultural products exporter, and hit almost $33 million in 2018 according to reports. Implementation of blockchain technology in a big industry The Pu’er tea industry’s products yield a total of $2.5 billion on average, according to the report. By scanning QR codes within the blockchain-powered platform, customers may be able to review information about each product’s raw material base, production process, warehousing, quality testing, product sales, and financial support, and other data. style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,

    Jun 4, 2020
  • BTC/USD Plummets Under $9,500, Lack Of Volume Or Technical Breakdown? |

    Bitcoin price slashes a chunk of the gains accrued since the weekend trading; sabotaging recovery above $10,000. BTC/USD is in the hands of the sellers but consolidation is likely between $9,400 and $9,600. Bitcoin price turned heads earlier this week with its majestic rise to highs above the critical $10,000. In fact, the crypto extended the gains above $10,400. However, the price did not stay up for long because of an immediate reversal. In both the Asian and European sessions on Monday, BTC/USD held on to the support above $10,000. Unfortunately, the tables were turned during the European session as Bitcoin tanked to $9,523. At the time of writing, Bitcoin is trading at $9,487 after losing 0.35% on the day. The trading is likely to remain bearish throughout the Asian session and the European session. It is essential that the bulls reclaim the position above $9,500. This would allow them to focus on higher levels towards $10,000. On the flip side, continued declines under the short term support at $9,400 could easily open the Pandora box. Breakdown towards $9,000 is…

    Jun 4, 2020
  • SEC ‘Crypto Mom’ Hester Peirce Tapped for Second Term at US Regulator: Report

    Hester Peirce, one of five commissioners with the U.S. Securities and Exchange Commission (SEC), has been tapped for a second term at the regulatory agency, Bloomberg Law reported Wednesday. ,

    Jun 4, 2020