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Topics - Riya143

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Bitcoin News & Updates / LocalBitcoins aims to root out illicit use of its Bitcoin exchange

« on: July 29, 2020, 08:02:23 AM »

The Finnish peer-to-peer Bitcoin exchange has been a top spot for dirty Bitcoin since 2017. It's now trying to change that with help from Elliptic.
Anyone looking to conduct any shady business on peer-to-peer Bitcoin exchange LocalBitcoins will now have a more difficult time doing so.

The exchange today announced that it has teamed up with Elliptic—a crypto tracing firm that provides asset risk management solutions. LocalBitcoins plans to use Elliptic's transaction monitoring software to prevent the illegal use of the Bitcoin exchange’s services.
Read More: https://decrypt.co/37021/bitcoin-exchange-localbitcoins-elliptic

Blockchain Technology / Blockchain audit service brings security to China's blockchain industry

« on: July 29, 2020, 07:58:01 AM »

Beijing Certificate Authority is the only certificate authority approved by the Certification and Accreditation Administration of China (CNCA) to work in the financial sector.
The Beijing Certificate Authority has launched a new Blockchain Security Assessment Service to help validate the security robustness of Chinese blockchain companies’ software.

Certificate authorities, entities that issue digital certificates that verify public keys, play an essential part in securing e-commerce transactions. As blockchain technology becomes a bigger part of many enterprises’ software stack, the need to ensure that the underlying security of the code is robust becomes more pressing.
Read More: https://decrypt.co/36918/blockchain-audit-service-brings-security-to-chinas-blockchain-industry

Bitcoin News & Updates / Bitcoin retakes $200 billion market cap in sudden uptick

« on: July 29, 2020, 07:56:11 AM »

Despite falling back well below $11,000, the price of Bitcoin has shot back up—and its market cap too.
The price of Bitcoin has bounced back up towards $11,000. As a result, its market cap has broken back above the $200 billion mark, a figure breached yesterday—but otherwise not seen since August 2019.

The rally started earlier this week, when Bitcoin broke above the $9,200 mark. It swiftly rose to highs of $11,300 before falling back down. Then after dropping as low as $10,560, it has suddenly powered back up.
Read More: https://decrypt.co/36969/bitcoin-retakes-200-billion-market-cap-in-sudden-uptick

Bitcoin News & Updates / Bitcoin hacked from Bitfinex, worth $28 million, starts moving

« on: July 29, 2020, 07:53:32 AM »

Over 2,550 Bitcoin stolen from Bitfinex in 2016 was transferred to several unidentified addresses yesterday.
A little over 2,550 Bitcoin (BTC), worth $27.7 million, stolen in the 2016 hack of crypto exchange Bitfinex moved yesterday, according to Whale Alert. The funds were sent as Bitcoin’s price blew up to break through the $11,000 mark.
Read More: https://decrypt.co/36977/bitcoin-hacked-from-bitfinex-worth-28-million-starts-moving

News related to Crypto / DeFi bonds enter the market as Mainframe acquires Sablier

« on: July 29, 2020, 07:51:08 AM »

Mainframe, a 2018 communications ICO, is pivoting to DeFi by acquiring continuous payments app Sablier.
DeFi is drawing in more than just new users, enticing developers to pivot their projects towards crypto’s hottest new trend.

DeFi lending protocol Mainframe announced today the acquisition of Sablier, a real-time finance protocol designed to send continuous payments via the Ethereum blockchain, dubbed “money streaming.” The Mainframe team will use Sablier tech to develop a novel DeFi product in the form of low-collateral bonds. The announcement shows how quickly the DeFi market is developing, and how consolidation can drive innovation in the highly fragmented crypto market.
Read More: https://decrypt.co/36978/defi-bond-system-mainframe-acquires-sablier

Bitcoin News & Updates / Twitter 'God Mode' panel used to spy on Beyoncé before Bitcoin hack

« on: July 29, 2020, 07:44:53 AM »

During 2017 and 2018, Twitter contractors reportedly used sweeping powers afforded by the admin panel to snoop on celebrity accounts.
Twitter's ‘God Mode’ admin panel, which was used in the July 'Bitcoin scam' hack, was previously used by company contractors to snoop on user accounts.
According to a report in Bloomberg, contractors with access to the admin panel used bogus support tickets during 2017 and 2018 to access celebrity Twitter accounts, including that of singer Beyoncé, tracking private information such as IP addresses and location data.
Read More: https://decrypt.co/36912/twitter-god-mode-panel-used-to-spy-on-beyonce-before-bitcoin-hack

Bitcoin News & Updates / When Bitcoin broke $11,000, Bakkt volumes set record high

« on: July 29, 2020, 07:41:17 AM »

The NYSE-owned Bitcoin exchange saw record trading volumes yesterday, after a month of zero activity on some of its products.
Bitcoin futures exchange Bakkt set a record for trading volume on its exchange, it announced yesterday. This came as the price of Bitcoin rallied from $9,300, as high as $11,300—a value not seen since August 2019.

Bakkt tweeted: “Our Bakkt Bitcoin Futures reached a new record high of 11,509 contracts traded today (each contract = 1 bitcoin) – an increase of 85% from our last record-setting day.”
Read More: https://decrypt.co/36919/when-bitcoin-broke-11000-bakkt-volumes-set-record-high

Ethereum News & Updates / The Graph gets closer to helping developers extract Ethereum data

« on: July 29, 2020, 07:37:53 AM »

The Web3 infrastructure provider has built a testnet version of its service that lets developers access blockchain data.
he Graph has launched the testnet version of its decentralized infrastructure that will make it easy for anyone to get data from a blockchain.

More than 15 node operators have signed up to participate in the testnet, including Staking Facilities and Figment Networks. These are experienced teams who understand staking—the concept of holding large amounts of cryptocurrency tokens and participating on the network.
Read More: https://decrypt.co/36951/the-graph-gets-closer-to-helping-developers-extract-ethereum-data

Bitcoin News & Updates / Former Greek finance minister: Bitcoin unfit to replace money

« on: July 29, 2020, 07:33:45 AM »

Yanis Varoufakis said that while blockchain is a remarkable technology, replacing fiat currencies with Bitcoin will only make crises worse.
Greece’s former finance minister Yanis Varoufakis knows a thing or two about financial crises. In 2015, when he was in charge, the country was in such financial straits that it was unable to pay €1.6 billion to the International Monetary Fund.

Now he is using that expertise to discuss whether Bitcoin could succeed as a replacement for fiat money. In an open letter published Monday, he argued that Bitcoin shouldn’t replace fiat since this will only make “capitalism uglier, nastier and more dangerous for humanity.”
Read More: https://decrypt.co/36963/former-greek-finance-minister-bitcoin-unfit-to-replace-money

News related to Crypto / AMFEIX Threatens Users Who Share Coverage That Criticizes the Company

« on: July 29, 2020, 07:28:44 AM »

The purported investment fund is exhibiting some shady behavior.
Last week Cointelegraph published a story about investors having difficulty getting their money back from a crypto fund called AMFEIX, which promised high-yield profits for investors who sent them Bitcoin (BTC). Our story described more than 500 pending withdrawals from users trying to get their money back, and AMFEIX’s unsatisfactory communication with those users.
Read More: https://cointelegraph.com/news/amfeix-threatens-users-who-share-coverage-that-criticizes-the-company

Bitcoin News & Updates / Bulls Control Bitcoin Price Even as Funding Rates Reach Record Highs

« on: July 29, 2020, 07:27:26 AM »

As Bitcoin rallied through $10K, derivatives markets started to show signs of excessive leverage but the market remains tilted toward bulls.
Bitcoin (BTC) price finally woke up and surged to a new 2020 high but as the markets surged past $10,000, some traders seem to have opened excessively leveraged long positions.

This effect became more noticeable as the funding rate for perpetual contracts reached the second-highest level this year at 12.4% per month.
Read More: https://cointelegraph.com/news/bulls-control-bitcoin-price-even-as-funding-rates-reach-record-highs

Bitcoin News & Updates / $39M of Bitcoin Stolen in 2016 Bitfinex Hack Is on the Move

« on: July 29, 2020, 07:26:15 AM »

Hackers have transferred roughly $38.7M out of $1.3B worth of Bitcoin from wallets connected to the infamous 2016 hack of crypto exchange Bitfinex.
Some of the 119,756 Bitcoin that was stolen from crypto exchange Bitfinex in 2016 has started moving again.

According to a series of tweets posted by Whale Alert on July 27-28, wallet addresses known to be associated with one of the largest breaches ever of a crypto exchange moved 3503 Bitcoin (BTC) — worth roughly $38.7 million — over 12 transactions.

The largest individual movement was of 476.32 BTC, or approximately $5.2 million, while the smallest was 2.612703 BTC, or $28,849.
Read More: https://cointelegraph.com/news/39m-of-bitcoin-stolen-in-2016-bitfinex-hack-is-on-the-move

News related to Crypto / HEX Plasters UK With Ads Boasting of 11,500% Returns

« on: July 29, 2020, 07:25:08 AM »

Ads boasting that the price of the controversial HEX token has risen 11,500% in four months appeared at English Premier League soccer games.
Richard Heart’s controversial HEX token has launched an advertising blitz in the U.K., plastering ads on London public transportation, in newspapers, and during English Premier League soccer games.

As reported by Twitter user Metallic Elmo, scrolling text appeared behind players at the series of soccer matches on July 26. “HEX price went up 11,500% in 129 days,” the ads stated, directing viewers to visit the ERC-20 token’s website.
Read More: https://cointelegraph.com/news/hex-plasters-uk-with-ads-boasting-of-11-500-returns

News related to Crypto / Messari: DeFi Can Continue to Grow as ‘Useless’ Top 30 Coins Wither

« on: July 29, 2020, 07:23:56 AM »

With the value of funds locked in DeFi almost quadrupling in less than two months, the community is debating whether DeFi is in a bubble.
Data published by crypto market analytics firm Messari on July 29 indicates that the collective capitalization of the decentralized finance (DeFi) sector is equal to only 1.5% of the entire crypto capitalization.

According to Messari, the collective capitalization of every DeFi project put together is roughly $4.12 billion — less than that of the fifth-ranked crypto asset by market cap, Bitcoin Cash (BCH).

Watkins also noted that “literal meme coin” Dogecoin (DOGE) boasts a larger capitalization than every DeFi project with the exception of MakerDAO (MKR).
Read More: https://cointelegraph.com/news/messari-defi-can-continue-to-grow-as-useless-top-30-coins-wither

Ethereum News & Updates / Vitalik Says DeFi Users Are ‘Underestimating Smart Contract Risk’

« on: July 29, 2020, 07:22:29 AM »

Ethereum founder Vitalik Buterin has warned about the risks of smart contract exploits in DeFi.
Ethereum co-founder Vitalik Buterin has warned of the dangers of ‘smart contract risk’ in DeFi protocols in an interview to mark Ethereum's fifth birthday.

Buterin also warned users not to ‘risk their life savings’ in DefI in his appearance on Laura Shin’s Unchained Podcast.
Read More: https://cointelegraph.com/news/vitalik-says-defi-users-are-underestimating-smart-contract-risk