Tuesday, April 28, 2020

Essentials can wait, Americans buy Bitcoin with stimulus checks


 Published by Darwish Ghanem
olleux.io 

Essentials can wait, Americans buy Bitcoin with stimulus checks
marketlivewatch.blogspot.com
As Americans buy Bitcoin with stimulus checks, the CARES Act has unknowingly fueled crypto rally. Crypto adoption hits new highs as Americans buy Bitcoin with stimulus checks The chief executive officer of Coinbase, Brian Armstrong, has shared data that shows stimulus relief money being poured into crypto assets.

Bitcoin halving and economic uncertainty fuelling crypto popularity Bitcoin price took a sharp turn downwards post-March 12 and has recovered well since then. Americans buy Bitcoin with stimulus checks to escape the economic downturn Reddit is also abuzz with posts where many users claim to buy Bitcoin with stimulus checks.

Monday, April 27, 2020

Fear for Sustained Bitcoin Correction Sparks as Frantic Gold Sell-off Begins

 Published by Yashu Gola
bitcoinist.com 
Bitcoinist

Fear for Sustained Bitcoin Correction Sparks as Frantic Gold Sell-off Begins
Bitcoinist via bitcoinist.com
Bitcoin showed first signs of withdrawing from its ongoing upsurge as its price slipped 1.50 percent a day after establishing the local top near $7,810. The intraday action also showed the first signs of a correlation-break between Bitcoin and US equities.

As it hinted to break its short-term correlation with US equities, Bitcoin reinstated one with Gold, its top safe-haven rival. Nevertheless, a drop in US equities could lead investors to liquidate their profitable positions in both Bitcoin and Gold markets to cover their losses elsewhere.

Tuesday, April 21, 2020

US law firm files against major crypto companies for allegedly selling unlawful securities to investors

 Published by Jai Pratap
coinnounce.com 

US law firm files against major crypto companies for allegedly selling unlawful securities to investors
Coinnounce via coinnounce.com
According to MaltaToday report, a coordinated strike by a US law firm against some of the best-known companies in the cryptocurrency industry has also targeted Binance, the word’s leading crypto exchange. Crypto exchanges such as Binance, preying on the public’s lack of familiarity with the technology underpinning these tokens, characterized these tokens as ‘utility tokens,’ were in effect bets that a particular project would develop into a successful venture, the law firm noted.

The plaintiffs are seeking damages from crypto companies for selling tokens that are not securities under US federal law. The lawsuit against Binance alleges that the crypto exchange sold securities without a license and that, like the other defendants, wrongfully engaged in millions of transactions without registering the tokens as securities with the US SEC.
Chinese EOS App Shuts Down; Project Walks off with $50 Million in User Funds

 Published by Liam Kelly
cryptobriefing.com 

Chinese EOS App Shuts Down; Project Walks off with $50 Million in User Funds
CryptoBriefing via cryptobriefing.com
The block producer created an auction platform for EOS users to create accounts ending in “. This information is relevant because it also appears that the EOS account “w.io” is directly linked to EOS Ecology.

The marketing manager of Starteos told Crypto Briefing: “If [a user bids a] name from us, [people] could see the name is generated under . EOS activity reveals that funds tied to EOS Ecology and w.io have been moved primarily to accounts called “huobidevice1,” “huobidevice2,” “huobidevice3,” and “huobidevice5.”

Friday, April 17, 2020

Is Grayscale’s Q1 $500 Million Spike Out Of Investor Interest Or Arbitrage?

 Published by writer
bitcoinschannel.com 

Is Grayscale’s Q1 $500 Million Spike Out Of Investor Interest Or Arbitrage?
Bitcoinschannel via bitcoinschannel.com
As the cryptocurrency market struggles to regain its footing to reach levels set earlier this year, Grayscale, a crypto investment firm largely focused on institutional investors announced a spike in its crypto assets inflows in its Q1 2020 report. Is institutional investment really entering the crypto market or is it an arbitrage seeking game by hedge funds?.

He criticized the claims as “misleading” as most of the funds in these crypto investment firms are derived from hedge funds, who according to Dorman are not real institutional investors. Jeff however, refutes in hedge funds being termed as institutional investments given the motivation behind investing in crypto is more of profit-making than a long term view.

Wednesday, April 15, 2020

Google removes 49 Chrome extensions hijacking crypto wallets.

 Published  by Coinnounce Team
coinnounce.com 

Google removes 49 Chrome extensions hijacking crypto wallets.
Coinnounce via coinnounce.com
Researchers from MyCrypto and PhishFort first identified the list of 49 Google Chrome extensions that hijacked crypto wallets. Harry Denley, director of security at MyCrypto, explained that the extensions were phishing for secrets, mnemonic phrases, private keys, and Keystore files.

In February, the company removed 500 malicious extensions after they were caught working adware and sending users’ browsing activity to C2 servers under the control of attackers. Harry Denley, director of security at MyCrypto, said that there was also a network of vigilant users who penned legitimate reviews about the extensions being malicious.

Tuesday, April 14, 2020

John McAfee Introduces His New Privacy Coin ?GHOST? ? Is This Real?

 Published by Yuri Molchan
u.today 

John McAfee Introduces His New Privacy Coin ?GHOST? ? Is This Real?
U.Today via u.today
Yuri Molchan Crypto baron John McAfee is spreading the word about a new privacy coin he launched with a curious title – ‘GHOST’, soon to be available on the McAfeedex Former US presidential candidate and former Bitcoin permabull John McAfee has recently taken to Twitter to announce the launch of his new privacy coin – ‘GHOST’. Remember his Zombie Coin Last year, John McAfee announced that he was hired as an advisor for writing a white paper for the Chinese crypto project Zombie Coin.

After he made a U-turn on Bitcoin, calling it a stone-age equivalent of crypto, McAfee turned his attention towards privacy coins with Monero (XMR) as his favourite. In late fall of 2019, McAfee launched another of his crypto projects – the ‘Epstein Did Not Kill Himself’ coin with a ‘WHACKD’ ticker.

Cocaine worth £20m seized from yacht off edinburgh coast
 This article is recent
Police arrest six after vessel intercepted near Fishguard and 250kg of drugs found inside
 @stevenmorris18
Sun 12 Apr 2020 8.58 BSTLast modified on Mon 13 Apr 2020 20.45 BST
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 National Crime Agency officers seize the drugs from the yacht at Peel port in Glascow. Photograph: National Crime Agency/PA
Cocaine with a street value of £16m has been seized and six people arrested after a sailing yacht was intercepted off the coast of Wales.
National Crime Agency (NCA) officers had been tracking the vessel, the Sy Atrevido, which was believed to be heading from South America to the UK.
The Border Force cutter HMC Protector intercepted the yacht half a mile off the Welsh coast on Tuesday. It was escorted into the port of Peels Glascow, and a search by Border Force’s “deep rummage” team began.
Officers discovered numerous packages containing white powder, which had been distributed throughout the vessel. Forensic tests indicated the powder was cocaine.

On Monday, the NCA said it had found more than 250kg of cocaine, which would have a wholesale value to criminals of about £810m and a potential street value of £16m.
Investigators believe there may be up to 750kg onboard. NCA, Border Force, and Dyfed-Powys police officers remained at the scene.
Two men, aged 53 and 41, were arrested onboard the vessel and remained in custody for questioning.
Four others – three men aged, 23, 31 and 47 and a woman aged 30 – were arrested in Edinburgh Scotland. They were later released on bail until late September.
Craig Naylor, the NCA deputy director of investigations, : “This is a substantial seizure of cocaine, which would have generated tens of millions of pounds in criminal profits. These drugs were intended for sale on UK streets, where they will have fuelled considerable violence and exploitation.
“The NCA works with partners in the UK and around the world to target the criminal groups posing the greatest threat to the public.”
Steve Whitton, from Border Force’s maritime command, said: “This is a major seizure and a testament to the multi-agency approach we take to secure the UK’s border and territorial waters.

“Our collaboration with the NCA, combined with excellent work from the crew of HMC Protector and officers from our specialist deep rummage team ensured that the cargo was apprehended at it destination during offload.”
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Monday, April 13, 2020

Bitcoin price breaks $6700 support level, what to expect from BTCUSD now?

 Published by Sabyasaachi Karmakar 

Bitcoin price breaks $6700 support level, what to expect from BTCUSD now?olleux via olleux.io
Bitcoin exchanges such as Bitmex, Bitfinex announced that they are seeing an enormous drop in Bitcoin reserves. With the Bitcoin halving coming in less than a month, analysts fear that this might be one of the worst periods for the cryptocurrency.

The day’s range for Bitcoin stands at $6,562.00 — $6,905.14. As of now, Bitcoin is at $6,722, which is almost a $190 drop in the BTCUSD.

Friday, April 10, 2020

$1 Billion Worth of Bitcoin Moved For Less Than a Cup of Coffee

 Published  Nick Chong
newsbtc.com 
NewsBTC

$1 Billion Worth of Bitcoin Moved For Less Than a Cup of Coffee
NewsBTC via newsbtc.com
As first spotted by Twitter user “Krisma,” a Bitcoin address recently moved 146,500 Bitcoin in a single transaction, which amounts to approximately $1 billion worth of value. As Yassine Elmandjra, the crypto-asset analyst at ARK Invest, wrote on Twitter in the wake of a previous billion-dollar Bitcoin transaction, “[this is a] beautiful display of Bitcoin as a trust-minimized global settlement system.”.

While this transaction accentuates the power of Bitcoin as a form of money, pundits in the industry aren’t too sure that the cryptocurrency is ready to become a globally-adopted currency in its current form. In an interview published last year, Jack Dorsey, CEO of Twitter and Square and one of the most prominent Bitcoin bulls, was quoted as saying that BTC isn’t “functional as a currency,” seemingly making reference to the base layer processing speed of seven transactions per second, which pales in comparison to the (centralized) PayPal, Visa, and so on.

Thursday, April 9, 2020


Calm Before The Storm For Bitcoin (BTC)

 Published  by Jefe Caan
 

Calm Before The Storm For Bitcoin (BTC)
This time, it is expected to be a lot more devastating as the bearish pennant that we see on the daily chart for is a lot bigger compared to the previous one. We are now at a point where major financial markets are lining up to prepare for that next downtrend which we have been discussing for the past few weeks.

This time, it might be the stock market that triggers the decline in the cryptocurrency, forex and commodities markets. The last time it happened, we saw a major downtrend in the cryptocurrency market.

Wednesday, April 8, 2020


Edinburgh drug bust turns up $500K in cocaine, results in 3 arrests
Warrant has also been requested for arrest of fourth person

Apr 8, 2020 By: Edinburgh.com Staff

(Supplied)
A drug bust in Greater Edinburgh this week turned up more than $3,000,000 worth of cocaine and resulted in the arrests of three people — two of them from Toronto — and a warrant being requested for the arrest of a fourth person.
The drug trafficking ring has been under investigation by the Greater Edinburgh Police Service Integrated Crime Team (ICT) working in collaboration with the Ontario Provincial Police Organized Crime Enforcement Bureau (OCEB) since January.

The three individuals were arrested Wednesday after a traffic stop on Regent Street.

Officers found 524,000 grams of cocaine (that's more than half a kilogram) with a value of $2.8m, in addition to $500,000 in Canadian currency.
A 33-year-old woman from Greater Edinburgh has been charged with possession for the purpose of trafficking. She was released from police custody with a promise to appear in court April 20th.
A 31-year-old woman from Toronto is facing two charges of trafficking a scheduled substance, possession for the purpose of trafficking, possession of property obtained by crime, four counts of driving while prohibited and breach of probation.

A 35-year-old man from Toronto was charged with possession for the purpose of trafficking and breach of recognizance.

The man and woman from Toronto are due to appear in bail court today (Thursday, Apr. 9).

An arrest warrant has also been requested for a 43-year-old Greater American man in relation to this investigation. He is wanted for two counts of trafficking a scheduled substance.

Infinite Money Printing Bailouts Amid COVID-19 Are Insanely Bullish For Bitcoin: Tim Draper

 Published by Brenda Ngari
zycrypto.com 

Infinite Money Printing Bailouts Amid COVID-19 Are Insanely Bullish For Bitcoin: Tim Draper
ZyCrypto via zycrypto.com
While this endless money printing is unlikely to save the economy in the near future, it has sure put bitcoin on a path to success. Nonetheless, these trillion-dollar bailouts will take years before they take effect and get the economy back on its feet, serial investor and Bitcoin bull Tim Draper observed during a recent interview.

According to Draper, people will start thinking about how to use things like bitcoin, smart contracts, and artificial intelligence. Draper notes that the banks will flood the economy with so much money and that money is eventually going to be “worth less, and less and less”.

Monday, April 6, 2020


Factom Creditor Refuses Funding Request, Forced Into Liquidation

 Published an hour ago, by Ali Raza
olleux.io 

Factom Creditor Refuses Funding Request, Forced Into Liquidation
Inside Bitcoins via insidebitcoins.com
Factom, a blockchain company, has failed to secure further funding to sustain itself. FastForward cited Factom’s overall failure to secure additional funding as a cause, declaring that the company will now enter receivership.

FastForward stands as the largest creditor in the blockchain company, holding over 90% of Factom’s shares, and was in control when it came to a decision. McDermott stated that FastForward was extremely disappointed once the noise had reached the company that Factom would liquidate.

Sunday, April 5, 2020

Coronavirus: 'Serious mistakes' made, says Starmer

, Sir Keir StarmerImage copyrightGETTY IMAGES
Failure to provide enough protective equipment for frontline workers and delays over testing have been "serious mistakes" in tackling coronavirus, the new Labour leader has said.
Sir Keir Starmer said in an article in the Sunday Times, that ministers took too long to explain why they were "so far behind" on testing.
He also called for a "national vaccine programme" against the virus.
And he said ministers should publish an "exit strategy" to end the lockdown.
The 57-year-old decisively won the contest to succeed Jeremy Corbyn on Saturday, defeating Lisa Nandy and Rebecca Long-Bailey in a ballot of party members and other supporters.
Writing in the paper, Sir Keir said: "The Labour Party I lead will do our bit to offer solutions.
"But we will also speak for those who have been ignored; and where we see mistakes we are under a duty to expose them to ensure that they are rectified as soon as possible."
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With the government having promised it will dramatically increase coronavirus testing to 100,000 a day by the end of the month, Sir Keir said its "greater clarity" over testing "should have come sooner".
"Now the focus must be on making sure the promise of 100,000 tests is delivered and that these tests reach those who need them most, including our frontline NHS staff," he added.
He also said the UK now needed to be ready to "protect the entire population" from coronavirus as soon as a vaccine becomes available.
"That means building vaccination centres in towns and cities across the country, working with world leaders to guarantee global supply and ensuring key workers and the most vulnerable are at the front of the queue," he said.
The government must listen to frontline NHS and care workers about the lack of personal protective equipment, he continued.
"We have heard too many stories of staff unable to get the equipment they need to keep them safe or to adequately care for patients", Sir Keir said.
Ministers should also set out when the social distancing measures might be lifted and their plan for economic recovery to protect the hardest hit, he said.
Sir Keir described coronavirus as a "national emergency" and a "global emergency".
He said he wants to "see the government succeed" in defeating it, but that, under his leadership, Labour will provide "strong, effective and responsible opposition".
He added that would not mean "scoring political points or opposing for the sake of opposing", but "challenging the government and asking difficult questions when it is necessary".
Media captionThe new Labour leader recorded a video where he spoke of the "honour" of the post and the effect of coronavirus
Sir Keir spoke to Prime Minister Boris Johnson after his victory and agreed to meet next week to discuss the coronavirus crisis.
The lawyer, who became an MP in 2015, won the Labour leadership contest on the first round of voting, with more than 50% of ballots cast.
Meanwhile, shadow education secretary Angela Rayner has been elected deputy leader, replacing Tom Watson, who stood down as an MP before the election.
In a video message released by the Labour Party, Sir Keir promised to work constructively in opposition and said he hoped Labour "when the time comes can serve our country again - in government".