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Newly Discovered Ledger Wallet Vulnerability Could Be Disastrous if Not Fully Patched
Ledger has a major security vulnerability that it has failed to fully fix
Ledger has a major security vulnerability that it has failed to fully fix
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'The Sandbox' Game Announces $3M Token Sale Through Binance Launchpad
Blockchain-powered game, The Sandbox, announces a $3 million sale of its SAND tokens through Binance Launchpad
Blockchain-powered game, The Sandbox, announces a $3 million sale of its SAND tokens through Binance Launchpad
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Bitcoin Will Break $400K in Long-Term, Morgan Creek's Pomp Predicts
Bitcoin will one day surpass the $8 trillion gold market, Morgan Creek’s Anthony Pompliano predicts
Bitcoin will one day surpass the $8 trillion gold market, Morgan Creek’s Anthony Pompliano predicts
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Bitcoin Dominance Slides to 12-Month Low as Crypto Market Cap Tests Resistance
Bitcoin’s dominance has fallen to a 12-month low despite its recent rally, signaling renewed strength in the altcoins markets.
Bitcoin’s dominance has fallen to a 12-month low despite its recent rally, signaling renewed strength in the altcoins markets.
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Authorities Find Illegal Bitcoin Mining Farm in Kyrgyzstan Free Economic Zone
Government authorities and executives at Free Economic Zone “Bishkek” are reportedly involved in running a large-scale illegal mining farm.
Government authorities and executives at Free Economic Zone “Bishkek” are reportedly involved in running a large-scale illegal mining farm.
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No One Knows Why Binance.US Is Down Right Now
Binance's U.S. trading platform is currently experiencing unexpected platform malfunctions.
"At 11:26am EST, we noticed our systems not functioning as intended," Binance.US tweeted on Aug. 7.
The tweet added:
"To protect our users, we will be stopping trading, order processing, buy crypto, deposits, and withdrawals. We will let users cancel their orders 30min before we reopen trading. We expect this will take 6 hours."
Binance's U.S. trading platform is currently experiencing unexpected platform malfunctions.
"At 11:26am EST, we noticed our systems not functioning as intended," Binance.US tweeted on Aug. 7.
The tweet added:
"To protect our users, we will be stopping trading, order processing, buy crypto, deposits, and withdrawals. We will let users cancel their orders 30min before we reopen trading. We expect this will take 6 hours."
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An Official North Dakota Cryptocurrency Could Be on the Horizon
Following the early 2019 initiation of North Dakota's deep dive into blockchain use cases, a state representative who was a leader in the study, mentioned a future digital asset concept for the region.
Following the early 2019 initiation of North Dakota's deep dive into blockchain use cases, a state representative who was a leader in the study, mentioned a future digital asset concept for the region.
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BTC: A two-and-half-year record weekly close
Bitcoin hitting $12,000 again early Monday was more than just a boon for traders — in doing so, BTC/USD sealed its highest close on weekly time frames since January 2018.
This means that no single week of price action ended at such high levels since, including during the height of last year’s bull market.
Having pleased analysts for several months in the short term, Bitcoin thus followed through on longer timeframes — a crucial move to cement the upward trajectory.
Now, investors seeking confirmation that the bull market will continue may well have received it — versus daily and hourly developments, a multi-year high weekly close is significant.
BTC/USD was thus up 2.4% on the day, with weekly gains sitting at 7% and monthly returns at over 30%.
Price-wise, $12,000 represents the highest that Bitcoin has reached since June 2019, three months after a Q2 bull market took the cryptocurrency from $4,000 to $13,800 — a level which this cycle has yet to reach.
Bitcoin hitting $12,000 again early Monday was more than just a boon for traders — in doing so, BTC/USD sealed its highest close on weekly time frames since January 2018.
This means that no single week of price action ended at such high levels since, including during the height of last year’s bull market.
Having pleased analysts for several months in the short term, Bitcoin thus followed through on longer timeframes — a crucial move to cement the upward trajectory.
Now, investors seeking confirmation that the bull market will continue may well have received it — versus daily and hourly developments, a multi-year high weekly close is significant.
BTC/USD was thus up 2.4% on the day, with weekly gains sitting at 7% and monthly returns at over 30%.
Price-wise, $12,000 represents the highest that Bitcoin has reached since June 2019, three months after a Q2 bull market took the cryptocurrency from $4,000 to $13,800 — a level which this cycle has yet to reach.
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Facebook Inc. has launched a new subsidiary group to promote “payments and commerce opportunities” with David Marcus, Libra’s co-creator, in charge of the division.
The subsidiary, called Facebook Financial or “F2” will run its payments projects, including a planned Facebook Pay, Bloomberg reported on Monday.
The division appears to be incorporating Facebook’s previous adventures in FinTech under a single umbrella, with Marcus reportedly being in charge of both Novi, the wallet for Libra previously known as Calibra, as well as recent attempts to bring payments to the WhatsApp messenger.
The launch of a dedicated division suggests that the company intends to fully commit to the payments industry, in the continuation of several years of efforts to integrate payments into Facebook’s apps.
Former CEO of Upwork, Stephane Kasriel, will be payments vice president under Marcus.
The subsidiary, called Facebook Financial or “F2” will run its payments projects, including a planned Facebook Pay, Bloomberg reported on Monday.
The division appears to be incorporating Facebook’s previous adventures in FinTech under a single umbrella, with Marcus reportedly being in charge of both Novi, the wallet for Libra previously known as Calibra, as well as recent attempts to bring payments to the WhatsApp messenger.
The launch of a dedicated division suggests that the company intends to fully commit to the payments industry, in the continuation of several years of efforts to integrate payments into Facebook’s apps.
Former CEO of Upwork, Stephane Kasriel, will be payments vice president under Marcus.
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Two ETC attacks within a week
On Aug. 1, 2020, an initial analysis revealed an Ethereum Classic network reorganization, which was thought to be accidental — the result of a miner’s outdated software coupled with a 12-hour mining hiatus.
Updated details showed a nefarious party purposely took major control of Ethereum Classic’s network mining power between July 31 and Aug. 1 in an effort to allow ETC double-spending — essentially printing money. With their efforts proving successful, the perpetrator reportedly pilfered $5.6 million via double-spending from the attack.
Five days later, news came in revealing another 51% attack on the ETC network. A perpetrator conducted a 4,000-block network reorganization. It’s worth noting that the network also faced a separate 51% attack over a year ago in January 2019.
As a result, crypto exchange OKEx halted ETC transactions on its platform on Aug. 1 after noticing strange activity involving the asset.
On Aug. 1, 2020, an initial analysis revealed an Ethereum Classic network reorganization, which was thought to be accidental — the result of a miner’s outdated software coupled with a 12-hour mining hiatus.
Updated details showed a nefarious party purposely took major control of Ethereum Classic’s network mining power between July 31 and Aug. 1 in an effort to allow ETC double-spending — essentially printing money. With their efforts proving successful, the perpetrator reportedly pilfered $5.6 million via double-spending from the attack.
Five days later, news came in revealing another 51% attack on the ETC network. A perpetrator conducted a 4,000-block network reorganization. It’s worth noting that the network also faced a separate 51% attack over a year ago in January 2019.
As a result, crypto exchange OKEx halted ETC transactions on its platform on Aug. 1 after noticing strange activity involving the asset.
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Only ‘Something Unexpected’ Can Stop Bitcoin Price Bull Run — Bloomberg
Bitcoin’s “appreciation” will continue unless a freak occurrence interrupts it, says Bloomberg Intelligence.
MARKETS NEWS
Bitcoin (BTC) will only stop gaining in value if “something unexpected” stops it, Bloomberg researchers believe.
Tweeting a summary of the latest Bloomberg Intelligence Commodity Primer on Aug. 19, senior strategist Mike McGlone revealed a clear bullish stance on BTC.
Bloomberg: BTC price will keep appreciating
Bitcoin has reentered mainstream consciousness in recent weeks thanks to price rises which topped out at over one-year highs of $12,400.
Despite a modest pullback, gains have broadly been retained, and analysts are confident that trajectory remains skewed to the upside beyond the immediate short term.
“Something unexpected needs to happen for Bitcoin's price to stop doing what it's been doing for most of the past decade: appreciating,” he wrote.
“Demand and adoption metrics remain favora
Bitcoin’s “appreciation” will continue unless a freak occurrence interrupts it, says Bloomberg Intelligence.
MARKETS NEWS
Bitcoin (BTC) will only stop gaining in value if “something unexpected” stops it, Bloomberg researchers believe.
Tweeting a summary of the latest Bloomberg Intelligence Commodity Primer on Aug. 19, senior strategist Mike McGlone revealed a clear bullish stance on BTC.
Bloomberg: BTC price will keep appreciating
Bitcoin has reentered mainstream consciousness in recent weeks thanks to price rises which topped out at over one-year highs of $12,400.
Despite a modest pullback, gains have broadly been retained, and analysts are confident that trajectory remains skewed to the upside beyond the immediate short term.
“Something unexpected needs to happen for Bitcoin's price to stop doing what it's been doing for most of the past decade: appreciating,” he wrote.
“Demand and adoption metrics remain favora
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DeFi Frenzy Overtakes Crypto Market
Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the COVID crash in March 2020.
All that was missing from kicking things over into an actual bull market was a narrative...
Well, it looks like crypto has found one at long last.
Decentralized finance
If you're new to the crypto space, then decentralized finance might feel exotic, strange, even futuristic. As anyone who has been around here long enough can tell you, decentralized finance has always been blockchain's core use case.
Need proof? For starters, Bitcoin is a decentralized financial system revolving around BTC, a peer-to-peer digital currency.
As you scroll down the list at CoinMarketCap or *CoinGecko* (if you're waist-deep in Uniswap tokens), almost anything you see can roughly be considered DeFi.
Cardano, Litecoin, Cosmos, Tezos, Chainlink, Ontology, Synthetix Network, Band, Solana, Matic, Harmony — the list goes on — and there is surely no need to mention Ethereum.
So, while the decentralized finance tag may not point to something new about crypto, it's created an umbrella that groups this whole crazy-digital-coins-thing into a very coherent narrative.
In markets, narratives are just as crucial as technicals. The two find deep correlation in positive and negative market cycles, with strong narratives always overlapping bull markets.
Previously, ICOs were responsible for an exuberant 2016-2017 bull market, and today, it's all about DeFi.
Beyond the hype
Unlike the ICO craze, DeFi is quite grounded in comparison. Many of these projects, like Compound, Maker, and Balancer, are rooted in genuine economics at work, presenting new and exciting ways to organize finances.
When, if ever, have you heard of instant, undercollateralized loans with no credit checks, as you can find on Akropolis? How about floating, high yields across crypto asset deposits, and totally new income streams via something called *yield farming*?
In 2008, Satoshi unleashed the BTC whitepaper in response to the bailout of banks, rather than people, at the start of the Great Recession. Here in 2020, we're on the brink of another global downturn, and people are, again, not being bailed out.
When DeFi protocols like Yam distribute governance tokens with no premine, founder, or VC shares, giving everyone equal access to a community-allocated treasury, you start to feel that crypto is *really* on to something this time around.
Projects to watch
DeFi projects are flying onto Uniswap faster than is possible to keep up with. Far from being another *shitcoin roulette*, many Uniswap prospects have flown straight to the top with listings on Binance, Huobi, and Coinbase.
As with anything in the crypto market, do your own research before swapping precious BTC or ETH. But, there's *gold in them there hills*.
Keep an eye on macro DeFi platforms like Ethereum, Cardano, Tezos, Cosmos, Elrond, Harmony, and Polkadot.
DeFi platforms lean heavily on oracles to bring off-chain assets into the picture for collateral. Watch Chainlink, Band Protocol, Nest Protocol, Dia, and Tellor.
Scaling these applications for the most amount of people? Celer and Matic have you covered.
Finally, what about strict DeFi applications themselves? Compound, Balancer, Maker, Akropolis, Kava, Yearn, and even tiny upstart Yam are worth your time.
There are many more out there, but half the fun is discovering them on your own.
Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the COVID crash in March 2020.
All that was missing from kicking things over into an actual bull market was a narrative...
Well, it looks like crypto has found one at long last.
Decentralized finance
If you're new to the crypto space, then decentralized finance might feel exotic, strange, even futuristic. As anyone who has been around here long enough can tell you, decentralized finance has always been blockchain's core use case.
Need proof? For starters, Bitcoin is a decentralized financial system revolving around BTC, a peer-to-peer digital currency.
As you scroll down the list at CoinMarketCap or *CoinGecko* (if you're waist-deep in Uniswap tokens), almost anything you see can roughly be considered DeFi.
Cardano, Litecoin, Cosmos, Tezos, Chainlink, Ontology, Synthetix Network, Band, Solana, Matic, Harmony — the list goes on — and there is surely no need to mention Ethereum.
So, while the decentralized finance tag may not point to something new about crypto, it's created an umbrella that groups this whole crazy-digital-coins-thing into a very coherent narrative.
In markets, narratives are just as crucial as technicals. The two find deep correlation in positive and negative market cycles, with strong narratives always overlapping bull markets.
Previously, ICOs were responsible for an exuberant 2016-2017 bull market, and today, it's all about DeFi.
Beyond the hype
Unlike the ICO craze, DeFi is quite grounded in comparison. Many of these projects, like Compound, Maker, and Balancer, are rooted in genuine economics at work, presenting new and exciting ways to organize finances.
When, if ever, have you heard of instant, undercollateralized loans with no credit checks, as you can find on Akropolis? How about floating, high yields across crypto asset deposits, and totally new income streams via something called *yield farming*?
In 2008, Satoshi unleashed the BTC whitepaper in response to the bailout of banks, rather than people, at the start of the Great Recession. Here in 2020, we're on the brink of another global downturn, and people are, again, not being bailed out.
When DeFi protocols like Yam distribute governance tokens with no premine, founder, or VC shares, giving everyone equal access to a community-allocated treasury, you start to feel that crypto is *really* on to something this time around.
Projects to watch
DeFi projects are flying onto Uniswap faster than is possible to keep up with. Far from being another *shitcoin roulette*, many Uniswap prospects have flown straight to the top with listings on Binance, Huobi, and Coinbase.
As with anything in the crypto market, do your own research before swapping precious BTC or ETH. But, there's *gold in them there hills*.
Keep an eye on macro DeFi platforms like Ethereum, Cardano, Tezos, Cosmos, Elrond, Harmony, and Polkadot.
DeFi platforms lean heavily on oracles to bring off-chain assets into the picture for collateral. Watch Chainlink, Band Protocol, Nest Protocol, Dia, and Tellor.
Scaling these applications for the most amount of people? Celer and Matic have you covered.
Finally, what about strict DeFi applications themselves? Compound, Balancer, Maker, Akropolis, Kava, Yearn, and even tiny upstart Yam are worth your time.
There are many more out there, but half the fun is discovering them on your own.
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Bitcoin and several altcoins have formed bearish divergences, which suggests that the bullish momentum has weakened.
PRICE ANALYSIS
Rich Dad Poor Dad author Robert Kiyosaki believes that Warren Buffet’s recent closure of his bank stock positions is a warning sign that the world might be starting a “major banking crisis.” Therefore, Kiyosaki suggests traders buy safe haven assets such as gold, silver and Bitcoin (BTC) to protect themselves from the downward spiraling value of the fiat currencies.
Popular Bitcoin derivatives trader Tone Vays believes that Bitcoin could breakout to new all-time highs in 2021. He pointed out that historically, Bitcoin has tended to double in price after breaking out of its all-time high, especially if it took years to do that. Hence, if Bitcoin breaks above $20,000, Vays expects a rally to at least “$45,000 to $50,000."
PRICE ANALYSIS
Rich Dad Poor Dad author Robert Kiyosaki believes that Warren Buffet’s recent closure of his bank stock positions is a warning sign that the world might be starting a “major banking crisis.” Therefore, Kiyosaki suggests traders buy safe haven assets such as gold, silver and Bitcoin (BTC) to protect themselves from the downward spiraling value of the fiat currencies.
Popular Bitcoin derivatives trader Tone Vays believes that Bitcoin could breakout to new all-time highs in 2021. He pointed out that historically, Bitcoin has tended to double in price after breaking out of its all-time high, especially if it took years to do that. Hence, if Bitcoin breaks above $20,000, Vays expects a rally to at least “$45,000 to $50,000."
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China’s nationwide blockchain project, the Blockchain Service Network, or BSN, will be integrating stablecoin support in 2021.
Yifan He, CEO of Red Date Technology, a major tech company involved in the BSN development, told Cointelegraph that the project will soon start integrating stablecoins.
Piloted in late 2019, China’s BSN is a state-backed initiative that intends to support medium-sized businesses in building and deploying blockchain applications.
The exec explained that stablecoins will be used as payment for various services on the BSN ecosystem, including cloud resources. “Only stablecoins can make it much easier, quicker and safer,” the executive noted.
Yifan He, CEO of Red Date Technology, a major tech company involved in the BSN development, told Cointelegraph that the project will soon start integrating stablecoins.
Piloted in late 2019, China’s BSN is a state-backed initiative that intends to support medium-sized businesses in building and deploying blockchain applications.
The exec explained that stablecoins will be used as payment for various services on the BSN ecosystem, including cloud resources. “Only stablecoins can make it much easier, quicker and safer,” the executive noted.
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Ethereum whale's uniswap token briefly hit $100K — but there’s a catch
Boa, a new Uniswap token created by the well-known pseudonymous Ether whale Bill Drummond, briefly hit $100,000.
MARKETS NEWS
On Aug. 25, the creator of the well-known Uniswap tokens Antiample (XAMP) and Tokens of Babel (TOB) launched Boa. The Ether whale’s projects have seen growing interest within the niche Uniswap market.
A common theme among the projects of the pseudonymous developer Bill Drummond is unique supply systems. Through unorthodox mechanisms, like rebasing, the supply of XAMP and TOB decreases through coin burns over time.
TOB, as an example, is a token that uses rebases to decrease its supply but ensures the holder has a certain percentage of the total supply. Bill explains:
“Rebases of TOB affect the number of tokens in your wallet, but not your overall share in the total supply. If you own 0.5% of the total supply, you will always own 0.5% of the total supply, regardless of the number of tokens in your wallet.”
Why did Boa briefly hit $100,000?
Similar to Bill’s other projects, Boa also has a special supply system that makes it a deflationary token. Atop the coin burns, Boa also applies a 1% tax on sellers, not buyers, which disincentivizes sellers.
On paper, Boa hit $100,000, but its circulating supply was below 50, and the supply goes down even further as time passes.
Hence, even at a price point of $100,000, the actual market cap of the token would remain below $5 million. Currently, according to Uniswap, the price of Boa is trading just below $51,000. That places the market capitalization of the token at around $2.5 million.
Boa, a new Uniswap token created by the well-known pseudonymous Ether whale Bill Drummond, briefly hit $100,000.
MARKETS NEWS
On Aug. 25, the creator of the well-known Uniswap tokens Antiample (XAMP) and Tokens of Babel (TOB) launched Boa. The Ether whale’s projects have seen growing interest within the niche Uniswap market.
A common theme among the projects of the pseudonymous developer Bill Drummond is unique supply systems. Through unorthodox mechanisms, like rebasing, the supply of XAMP and TOB decreases through coin burns over time.
TOB, as an example, is a token that uses rebases to decrease its supply but ensures the holder has a certain percentage of the total supply. Bill explains:
“Rebases of TOB affect the number of tokens in your wallet, but not your overall share in the total supply. If you own 0.5% of the total supply, you will always own 0.5% of the total supply, regardless of the number of tokens in your wallet.”
Why did Boa briefly hit $100,000?
Similar to Bill’s other projects, Boa also has a special supply system that makes it a deflationary token. Atop the coin burns, Boa also applies a 1% tax on sellers, not buyers, which disincentivizes sellers.
On paper, Boa hit $100,000, but its circulating supply was below 50, and the supply goes down even further as time passes.
Hence, even at a price point of $100,000, the actual market cap of the token would remain below $5 million. Currently, according to Uniswap, the price of Boa is trading just below $51,000. That places the market capitalization of the token at around $2.5 million.
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https://unstoppabledomains.com/r/fc16982153b8442
You can buy your crypto domain here to use or resell it
You can buy your crypto domain here to use or resell it
Unstoppable Domains
Make your crypto currency payments simple and build decentralized websites. Purchase your NFT domains today!
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BTC/USD
Although Bitcoin had been trading below the 20-day exponential moving average ($11,530) for the past two days, the bears could not sink the price below the $11,000 support, which suggests that bulls are buying on dips.
The 20-day EMA has flattened out and the relative strength index is close to the midpoint, which shows a balance between supply and demand.
If the bulls can push the price above the 20-day EMA, a retest of the overhead resistance at $12,113.50 is likely. The next uptrend is likely to start after the bulls can sustain the BTC/USD pair above the $12,113.50–$12,460 resistance.
Conversely, if the pair turns down from $12,113.50, the bears will once again attempt to sink the price below the $11,000 support. If successful, a retest of the critical support at $10,400 is possible. A break below this level will be a huge negative.
Although Bitcoin had been trading below the 20-day exponential moving average ($11,530) for the past two days, the bears could not sink the price below the $11,000 support, which suggests that bulls are buying on dips.
The 20-day EMA has flattened out and the relative strength index is close to the midpoint, which shows a balance between supply and demand.
If the bulls can push the price above the 20-day EMA, a retest of the overhead resistance at $12,113.50 is likely. The next uptrend is likely to start after the bulls can sustain the BTC/USD pair above the $12,113.50–$12,460 resistance.
Conversely, if the pair turns down from $12,113.50, the bears will once again attempt to sink the price below the $11,000 support. If successful, a retest of the critical support at $10,400 is possible. A break below this level will be a huge negative.
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The price of Bitcoin (BTC) is approaching the last weekly candle for the month of August. Some traders believe Bitcoin’s performance over the next two weeks could decide whether its price drops below $10,000 again or sees an extended uptrend.
The week’s weekly candle close coincides with the expiration of CME’s Bitcoin futures contracts and Deribit’s options contracts. It could potentially set a precedent for September, especially if Bitcoin closes above or below key levels.
In the short term, technical analysts generally consider $11,800 as the key level for Bitcoin. A high time frame close below the level would raise the chances of a deeper pullback. A close above it, maintaining a green monthly candle, could cause Bitcoin to see another leg up.
Mohit Sorout, a founding partner at Bitazu Capital, said in a tweet that a rally to $11,800 would “put sellers to sleep.” Sorout referred to the daily chart of Bitcoin with Bollinger Bands, showing the area of interest for both sellers and buyers.
The week’s weekly candle close coincides with the expiration of CME’s Bitcoin futures contracts and Deribit’s options contracts. It could potentially set a precedent for September, especially if Bitcoin closes above or below key levels.
In the short term, technical analysts generally consider $11,800 as the key level for Bitcoin. A high time frame close below the level would raise the chances of a deeper pullback. A close above it, maintaining a green monthly candle, could cause Bitcoin to see another leg up.
Mohit Sorout, a founding partner at Bitazu Capital, said in a tweet that a rally to $11,800 would “put sellers to sleep.” Sorout referred to the daily chart of Bitcoin with Bollinger Bands, showing the area of interest for both sellers and buyers.