Monthly Archives: February 2020

Are the BZx Flash Loan Attacks Signaling the End of DeFi?

Following two significant attacks on lending protocol bZx, what are the potential ramifications for the DeFi sector? Earlier this week, the decentralized lending protocol bZx was exploited in back-to-back “flash loan” attacks. While the two exploits were distinct, the end results remained the same. In total, $954,000 was gleaned from the platform. But what exactly happened? Was it an exploit, a simple case of arbitrage or a malicious attack? And where does decentralized finance go from here? It hasn’t been a good PR week for the DeFi […]

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Brave Challenges Google’s Advertising Power Before the UK Competition Watchdog

The company behind the privacy-oriented browser Brave has set out to convince regulators in the U.K. to end Google’s advertising monopoly in the digital space. In a filing with the country’s Competition and Markets Authority (CMA), Brave puts forward recommendations on how to “neutralize” the tech giant’s “unfair data advantage.” Also read: Google Executive From India Joins Coinbase as Chief Product Officer Failure to Enforce Data Protection Rules Enables Google’s Monopoly, Brave Warns In a submission filed with the CMA last week, Brave highlights what it views […]

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BTC Crash, Fraud and Anti-Hodling: Bad Crypto News of the Week

This week’s crypto and blockchain news in audio format. The Bitcoin community collectively facepalmed after BTC fell back below $10,000. It was the result of an $800 crash that took place over the course of one hour, the fifth-largest one-hour drop ever recorded. But some analysts are calling for an unprecedented rally ahead of the pending halving. This is largely due to the appearance of a “golden cross,” when the 50-day moving average crosses the 200-day moving average. In today’s market terms, that calls for a BTC […]

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Get Ready for the Bitcoin Halving – Here Are 9 Countdown Clocks You Can Monitor

The anticipation for the block reward halving for BTC, BCH, and BSV has been building. All three cryptocurrencies will see rewards halved from 12.5 to 6.25 coins throughout the months of April and May. The following is a comprehensive list of websites that are counting down each crypto’s reward halving in different ways, so people can monitor the data and prepare for halving parties. Also Read: How to Check the Bitcoin Price, Hashrate, Data – The 21 Best Monitoring Sites Clocks and Data Sites So You Can […]

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FCoin Blames Poor Auditing for Shutdown, but Others Suspect Exit Scam

Regular, non-random Bitcoin outflows from FCoin’s cold wallet point to an exit scam amid the crypto exchange platform’s shutdown. Less than two years after bursting onto the scene, Chinese crypto exchange FCoin has shut down its operations. The platform, founded by Zhang Jian, also says it may be unable to pay the 7,000 to 13,000 Bitcoin (BTC) — about $67 million to $125 million — that is owed to its customers. Jian, the former chief technology officer of Huobi, tried to explain the reasons for the platform’s insolvency, […]

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Bitcoin Dominance 6-Month Low Doesn’t Mean Price Is ‘Ultra-Bearish’

This week’s 8% tumble and subsequent failure to recoup gains is no cause for worry, says Cointelegraph’s Michaël van de Poppe. Bitcoin (BTC) continued trading in a narrow corridor on Feb. 22 as markets awaited fresh action after last week’s sudden 8% price drop. Cryptocurrency market daily overview. Source: Coin360 BTC “correcting in an uptrending market” Data from Coin360 and Cointelegraph Markets showed BTC/USD spending another day in a stable zone between $9,500 and $9,800, having stayed there since Thursday. Previously, traders had reacted with bewilderment as […]

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Chinese Government-Backed Institute Releases New Ranking of 37 Crypto Projects

China’s Center for Information and Industry Development has published its latest crypto project ranking — the first this year. A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin The 16th Ranking, First This Year The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released its first crypto project ranking […]

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Bitcoin Price Bullrun May Last 1000 Days as 2020 Now Best Average Year

Volume-weighted average price hits a new record this year as other data implies that Bitcoin is 400 days into a 1,000-day bull cycle. Bitcoin (BTC) is worth more in 2020 than any other year it has existed — and historical data suggests that its price will continue climbing for another 19 months. Data uploaded to Twitter by fund partner James Todaro on Feb. 21 reveals that in terms of volume-weighted average price, 2020 is Bitcoin’s best year ever. BTC volume-weighted average: 2020 biggest year The volume-weighted average […]

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Bitcoin Cash Faces ‘Slow Death’ After Alleged $30M Hack — Commentator

A SIM card attack reportedly sees a total of $45 million stolen, while the consequences for Bitcoin Cash will be severe, warns Dovey Wan. Altcoin Bitcoin Cash (BCH) has become the subject of intense speculation after a major investor claimed he lost $30 million in a wallet hack.  In a now-deleted Reddit post from Feb. 22, the investor, who appears to be Dreamhost founder Josh Jones, said the attacker also stole 1,500 Bitcoin (BTC) worth $14.4 million.  Hacker steals reported $45M  The hack came in the form […]

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NBA & NFL Believe in Non-Fungible Tokens, But Not Contract Tokenization

NBA and NFL embrace new technology such as Non-Fungible Tokens that allows greater fan engagement, but no player contract tokenization any time soon. Cointelegraph was on the ground for NFT NYC, event taking place a couple of hundred feet from Times Square dedicated to non-fungible tokens. While most of the companies at NFT NYC are early-stage startups still looking for their users, two attending organizations have hundreds of millions of fans around the world. Adrienne O’Keeffe, associate vice president of partnerships at the NBA, and Sophie Gage, […]

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