Ethereum price corrected 13% but derivatives data still supports a $500 Ether price. Today’s Ether (ETH) 10% dump caused its annualized futures basis to adjust after flirting with extremely optimistic territory. The basis indicator compares futures contracts price to the current level at regular spot exchanges. Healthy markets usually display a 5% to 15% annualized basis, in a situation known as contango. On the other hand, a negative basis (futures premium) usually occurs during heavily bearish markets. ETH 1-month futures annualized basis. Source: Skew The above chart […]

More info

When it comes to transparency, the Electric Frontier Foundation minces no words — Kraken good, Coinbase bad. The Electronic Frontier Foundation, or EFF, is calling out Coinbase for its lack of transparency. At the same time, the group pointed to Coinbase’s rival exchange, Kraken, as an example of responsible behavior. The EFF was founded in 1990 with the goal of promoting internet civil liberties. In today’s post, the EFF said that it has growing concerns about payment processors being forced to turn over user information to the […]

More info

Bitcoin goes quite well with tacos. Following an earlier endeavor selling Bitcoin (BTC) at a premium on eBay in 2015, Chris Maurice, CEO of African crypto exchange Yellow Card, made a small business selling the asset at multiple Taco Bell locations. Maurice worked with his friend Justin Poiroux on the endeavor. Poiroux, who later co-founded the Yellow Card exchange, first explained Bitcoin to Maurice about two years prior. “We would post on Craigslist and on LocalBitcoins, and we would say, ‘Hey we have Bitcoin, come meet up with us and give us […]

More info

Wuille will continue contributing to a new Multi-Signature standard for Bitcoin. Bitcoin Core developer Pieter Wuille has migrated from Blockstream to Chaincode Labs. Wuille has been with Blockstream from the beginning, having co-founded the company in 2014. When asked about Wuille’s departure, Blocksteam’s CEO Adam Back said: “Pieter’s doing what he always has — working on Bitcoin — and he’s still a Blockstream advisor and continues to collaborate with our research team Andrew Poelstra, Jonas Nick and Tim Ruffing on muSig along with independent researchers and contributors. […]

More info

A U.S. circuit court has concluded its review of a terrorism financing case that begin in 2010, saying that the NSA’s phone tapping was illegal but that it was a minor part of the evidence. In the final decision on a criminal case that began a decade ago, an appellate court has said that the National Security Agency’s phone data collection practices were in fact illegal. They did, however, uphold the convictions in the case. According to the 9th Circuit Court’s Sept. 2 opinion in USA v. […]

More info

There are two sides to every story. SushiSwap, an upcoming DeFi protocol forked from Uniswap’s decentralized exchange, has grabbed numerous headlines in recent days. One such story pointed out that the project’s pseudonymous head, known only as Chef Nomi, maintains access to $27 million in Sushi tokens. Cointelegraph reached out to SushiSwap’s founder for further clarification in an attempt to ensure fair reporting, but the developer relayed their disinterest, simply responding: “I don’t have time for interviews. Sorry.â€� Often times projects in the crypto space have a […]

More info

The surrounding threat level is low, but there are fears it could increase. Cybersecurity experts at ESET published an in-depth study about a new malware named “KryptoCibule.â€� This exploit specifically targets Windows users with three methods of attack, including by installing a crypto mining app, directly stealing crypto wallet files, and replacing copy/pasted wallet addresses as a means to hijack individual transactions. According to the cybersecurity firm, KryptoCibule’s developers rely on the Tor network and BitTorrent protocol to coordinate the attacks. The malware’s original incarnation first appeared […]

More info

If the bearish patterns on Bitcoin and altcoins complete the current correction could see prices drop to new lows. The U.S. stock market continues to hit new all-time highs while gold, which acts as a safe haven asset has retreated from it’s all-time highs. This suggests that there sentiment is to own risky assets. Meanwhile, Bitcoin (BTC), which at times behaves as an uncorrelated asset, remains stuck in a range. However, with the U.S. presidential elections approaching, the volatility in all the markets is likely to pick […]

More info