Monthly Archives: June 2020

Blockchain Platform to Track $2.5B Worth of Tea Products

The Chinese province of Yunnan will track their tea supply chain using blockchain technology. The Chinese province of Yunnan announced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3. The blockchain platform was first announced in the 2020 Phoenix Nest Ancient Tree Spring Tea New Product Launch Conference in Kunming, Yunnan.  They will use the platform to conduct quality control, sales, and loan financing operations on 42,000 hectares of farmland across the province. According to Chinanews, the province is famous […]

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Bloomberg: “Bitcoin will approach record high of about $20,000 this year”

Bloomberg says that all signs point to Bitcoin going on the major bull run in 2020, the only question is whether it will break the all time high of $20,000. The latest report from Bloomberg reveals that the company expects Bitcoin (BTC) to retest the record highs from 2017, and may even go as high as $28,000. COVID-19 & Institutions helping Bitcoin The report suggests that COVID-19 has accelerated Bitcoin’s maturation as an asset, showing its strength amid declining equities. In addition, it points to the ever-increasing […]

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Pomp Explains Why Mainstream Markets Are Up Amid Chaos

Amid protests, rioting and general uncertainty, mainstream markets have posted positive numbers, seemingly contrasting the state of the U.S. Even in light of recent riots, protests, and uncertainties, mainstream U.S. financial markets show upward prices due to overarching forces, according to Morgan Creek Digital co-founder, Anthony Pompliano.  “Yes there are protests, there are all these things, but the bigger force is the fact that now all these businesses are opening up,” Pompliano said in a June 2 episode of “Lunch Money” on his YouTube channel. “There’s going […]

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Spanish Multinational Launches Free Tool to Decrypt Files Affected by VCryptor Ransomware

Telefonica announced a new tool created by its cybersecurity division to decrypt affected files by VCryptor. On June 3, Spain-based telecommunications conglomerate, Telefónica, released a free tool to recover data encrypted by the VCryptor ransomware. The tool, VCrypt Decryptor, was created as part of an international initiative titled “No More Ransomware”. This alliance was established by McAfee, Europol, Politie, and Kaspersky. It is one of several tools that aim to decrypt almost 134 types of ransomware. VCrypt’s attack method According to ElevenPaths, Telefonica’s specialized cybersecurity unit, VCryptor […]

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How Gemini Works in Sync With Samsung’s Wallet

Last week, the Gemini crypto exchange unveiled their collaboration with Samsung, harnessing the outfit’s wallet. Crypto exchange Gemini announced compatibility with the Samsung Blockchain Wallet last week, allowing users to interact with the exchange through the wallet.   U.S. and Canadian “Samsung Blockchain Wallet users can buy, sell and store crypto on their phones through the Gemini exchange,” Gemini’s managing director of operations, Jeanine Hightower-Selitto, told Cointelegraph via email correspondence.  Two platforms interact  The Samsung Blockchain Wallet app shows funds held on the Gemini exchange, letting customers interact with the […]

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Recent Data Hack Could Put Millions of Dollars in Bitcoin at Risk

Hackers stole over 5,000 email addresses from Coinsquare’s database and aim to use it for SIM swapping. Hackers stole almost 50,000 email addresses from Canada-based cryptocurrency exchange, Coinsquare. Now, they’re hoping to use the data to perform SIM swapping attacks. One of the alleged hackers involved in the attack spoke to VICE Motherboard on June 2, explaining that the collective was originally looking to sell the information, but realized they could “make more money by SIM swapping the accounts.” SIM swapping’s modus operandi SIM swapping consists of […]

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Despite Russia’s Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar

Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking for public opinion. Despite the strict proposal drafted by the Russian bureaucracy, trade volumes on certain exchanges have seen significant demand from the country’s citizens. Russia’s Cryptocurrency Laws Remain in the Gray Zone Just recently Russia’s State Duma released a […]

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Charlie Shrem’s Way to Bitcoin: From Millionaire to Felon and Beyond

Charlie Shrem explains why he originally committed to crypto and how it has shaped his life. Charlie Shrem has been involved in crypto longer than almost anyone. He likes to joke that he was one of the first ten people to ever hear about Bitcoin. He now hosts the crypto-focused podcast Untold Stories, which attempts to chronicle the history of crypto through the eyes and experiences of its most influential players. Cointelegraph’s most recent live Q&A gave the audience the opportunity to directly question Shrem about crypto, […]

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CME Data Shows Institutional Investors Undeterred by Bitcoin Price Drop

This week Bitcoin price corrected sharply after rejecting at $10,400 but CME BTC futures data shows institutions remain bullish. CME Bitcoin (BTC) futures and options markets expired on May 29, and despite a $100 hiccup, the price of the largest digital asset on CoinMarketCap held up nicely around the $9,400 level. As the market entered this last trading session, open interest for CME Bitcoin futures expiring in May was rather small at $30 million. This does not mean institutional traders abandoned Bitcoin markets, as open interest for […]

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New SRBMiner-MULTI Miner 0.4.5 With Support for Epic Cash (EPIC)

The latest SRBMiner-MULTI CPU and AMD GPU Miner version 0.4.5 adds support for the RandomX-based RandomEpic algorithm used by the Epic Cash (EPIC) crypto project for both solo and poo mining. There are also some performance improvements for the RandomX algorithm for CPUs as well as for Ethash and Ubqhash on AMD VEGA GPUs. You also get a number of fixes and new features, the full changelog is included below: SRBMiner-MULTI CPU & AMD GPU Miner 0.4.5 changelog: – Added ‘randomepic’ algorithm (EpicCash RandomX) solo/pool – ‘ethash’ […]

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