A bill that would outlaw end-to-end encryption for technology companies was proposed by three Republican senators; meanwhile, Ava and Cardano would not yield. Three Republican senators introduced a bill to end “warrant-proof” encryption on June 23. It invokes national security as a pretext for requiring device manufacturers and service providers to assist law enforcement by […]
Continue Reading
Wells Fargo warned that stocks could sell-off after an amazing recovery, meaning Bitcoin price is also possibly at risk of a sharp correction. Wells Fargo anticipates U.S. corporate pensions will move $35 billion into fixed income. Analysts believe this may cause a sharp sell-off in the stock market and given the correlation between Bitcoin and […]
Continue Reading
Ransomware group threatens to auction secrets stolen from a law firm specializing in the entertainment industry. The REvil ransomware gang says that they will auction over 1TB of data stolen from New York-based entertainment law firm, Grubman Shire Meiselas & Sacks. This data allegedly contains the “dirty” secrets of a number of celebrities. REvil claims […]
Continue Reading
A hacker named “Fxmsp” managed built a million dollar cybercriminal business over three years. A new report shows that a Kazakhstani hacker built a million dollar fortune by breaching private networks and selling their data. Researchers at threat intelligence company, Group-IB, said that the hacker, who operates under the pseudonym “Fxmsp,” began promoting their services […]
Continue Reading
Three major shifts will lead to crypto and blockchain adoption worldwide, and they have already started reshaping our world. There’s a revolution happening. We’re moving toward a world with a massive reduction in trust in centralized institutions and ways of doing things. There are several concurrent shifts happening right now, including a shift away from […]
Continue Reading
Beam updates details on its June 28 hard fork, laying out foundations for the firm’s future DeFi offering. Major privacy-oriented cryptocurrency, Beam (BEAM), is making its first official move towards decentralized finance, or DeFi. In anticipation of Beam’s soon-to-come hard fork, the team behind the project updated a number of relevant specifications, paving the way […]
Continue Reading
A few major cryptocurrencies are close to breaking below their critical support levels, indicating further downside in the next few days. Coronavirus cases are jumping across the world as nations reopen their economies and this raises the risk of a second wave which could slow down the current recovery in major markets. Global debt levels […]
Continue Reading
Bitcoin’s mining difficulty recently spiked, while miners hold larger piles of Bitcoin than usual. Recent findings from analytics company Digital Assets Data show miners hanging on to their Bitcoin (BTC). “Rolling MRI (Miner’s Rolling Inventory) has declined significantly since the halving, meaning that miners are holding onto more BTC than they are mining, despite the […]
Continue Reading
Venezuela’s government reportedly accepts Bitcoin as a payment method for some passport applications. Venezuela’s Administrative Service for Identification, Migration and Foreigners, known as SAIME, plans to accept bitcoin (BTC) as a new payment method for citizens seeking a Venezuelan passport. The information was originally leaked via a Reddit post on June 23. News of the […]
Continue Reading
Blockchain technology is transitioning from a conceptual tool that powered the ICO boom into a value-adding service for mainstream industries. Blockchain technology has proliferated in a number of industries outside of the cryptocurrency space in the decade since Bitcoin’s (BTC) inception. The underlying technology of the preeminent cryptocurrency went under the radar in the early […]
Continue Reading