Essentials can wait, Americans buy Bitcoin with stimulus checks

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 Published by Darwish Ghanem
olleux.io 

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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.

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

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 Published by Yashu Gola
bitcoinist.com 

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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.

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

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 Published by Jai Pratap
coinnounce.com 

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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

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 Published by Liam Kelly
cryptobriefing.com 

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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.”

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

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 Published by writer
bitcoinschannel.com 

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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.

Google removes 49 Chrome extensions hijacking crypto wallets.

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 Published  by Coinnounce Team
coinnounce.com 

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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.

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

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 Published by Yuri Molchan
u.today 

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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.