Day: June 6, 2020

6M Bitcoin Are Secured By Shared Custody

TradingBTC

Almost six million Bitcoins (BTC) are stored in multi-signature wallets — nearly one-third of the total supply. Prevents ‘Exit scams’ Bitcoin is generally secured with a combination of a public and private key. In order to transact on the Bitcoin network, a user needs to sign each transaction with their private key. This works fine in most use cases, but there are situations where this setup is not ideal.  For example, let’s say the founder of a crypto exchange secures all of the firm’s assets with their private key. This…

3 Things Every Crypto Investor Should Know About Trading Bitcoin Futures

TradingBTC

Trading Bitcoin (BTC) futures might seem easy on the surface but there are a number of fees that investors seeking big returns from high leverage trades ignore.  In addition to trading fees, investors should also be aware of the variable funding rate that many exchanges levy and even maker and taker fees should be taken into account.  Let’s take a look at three things every crypto trader should know about trading Bitcoin futures. Know the funding rate There are quite a few hidden costs when trading Bitcoin futures contracts. The…

Same Indicator That Predicted Bitcoin Rally Would Top at $10,500 Flips Bullish

TradingBTC

On June 1st, Bitcoin surged just under $1,000 in mere hours, rallying from $9,500 to a high of $10,400. It was a move that made analysts immediately flip bullish on the flagship cryptocurrency. Chief executive of Real Vision Raoul Pal shared the below chart in the wake of the move with the following comment: “Here it is on a log scale… this is the biggest chart pattern break out thus far…” Crucial Bitcoin breakout chart shared by Real Vision CEO Raoul Pal (@RaoulGMI on Twitter). At the time, few expected the…

Crypto Ransom Amounts Skyrocketed 200% in 2019

TradingBTC

A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019. According to the 2020 Incident Response and Data Breach Report, it’s no surprise that cybercriminals have claimed “exorbitant” crypto ransoms in the past three years. The firm pointed out that the median amount of funds demanded as ransom was $115,123. Attackers are getting sophisticated Crypsis Group says attackers are shifting their tactics to enterprise-targeted ransomware. They carefully select victims capable of…

This Chinese City Is Launching a Blockchain Notary Program

TradingBTC

Local media outlets are reporting that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China. According to China Quality News, authorities of Suzhou announced on June 5 that this program aims to help millions of citizens access legal and government offices via the internet. The pilot platform, created by the Suzhou Municipal Market Supervision Bureau and the Suzhou Municipal Bureau of Justice, will cover personal freedom, life, health, property rights, and more. Blockchain-based cloud network to distribute files All the materials will be available…

Singapore Sees 300% Yearly Spike in Q1 Cryptojacking Attacks Amid COVID-19

TradingBTC

Data published by Russian cybersecurity firm Kaspersky indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020. Kaspersky estimates that 11,700 attacks were attempted on devices located in Singapore from January until March — up from 2,900 as of the first Q1 2019. Kaspersky asserted that the spike in attacks is the highest percentage increase posted within the South-East Asian region. Cryptojacking attacks up three-fold in Singapore In an interview with Straits Times, Kaspersky’s general manager for South-East Asia,…

Brave Comes Under Fire for Binance Affiliate Link Autofill

TradingBTC

Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US. Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the situation gained traction on crypto Twitter. “Brave default autocompletes verbatim Binance.us in the address bar to add an affiliate code. We are…

Cryptocurrency News From Japan: May 31

TradingBTC

This week’s headlines from Japan included Coincheck updating the public on a recent data leak, a blockchain tech outfit unveiling plans for a digital local currency, BitBank facing a breach similar to Coincheck, the Japan STO Association gaining its first full-time trust bank member, and Japan achieving the second highest 24-hour Bitcoin trading volume numbers for May.   Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Coincheck updates public on user data leak  Tokyo-based crypto exchange Coincheck faced a hack between May 30 and June 1,…

The Global COVID-19 Pandemic Gave People the Mandate of Independent Money

TradingBTC

The COVID-19 pandemic forced the world to hit the brakes on economic activity, and in response, the United States Federal Reserve has introduced trillions of U.S. dollars to pay for the stimulus packages it’s giving away. Naturally, many people have jumped to inflation as the forgone conclusion. Proponents of Bitcoin (BTC) are excited about the prospect of inflation because the cryptocurrency has been billed as a check against central bank expansion, and such a period of inflation would demonstrate Bitcoin’s value in this regard. But inflation is not a foregone…

Bitcoin Price Looks Like a “Carbon Copy” of Gold, and That’s Bad for Bulls

TradingBTC

Since the $8,600 lows seen at the start of the week, Bitcoin has mounted a strong comeback, recovering to ~$9,800. A growing number of analysts, however, have said that the recovery is just noise in an otherwise bearish trend. They cite fractals and textbook patterns suggesting that it is only a matter of time before BTC falls back towards the $8,000s, then maybe even lower. Bitcoin Looks Almost Exactly Like Gold — and That’s Bearish A fractal is a technical term used by investors to describe a phase of price…

  1. Pages:
  2. 1
  3. 2
  4. 3