Author Archives: creative

Abra CEO Explains Why It’s Bitcoin’s Time to Shine

With expectations of further U.S. dollar inflation, why would people hold cash? The U.S. government’s attempts to fix the current economic situation could ultimately lead to greater Bitcoin (BTC) adoption, according to Bill Barhydt, CEO of crypto wallet and exchange solution, Abra.  “I think that this is a pivotal moment for Bitcoin as a new asset class,” Barhydt told Morgan Creek Digital co-founder Anthony Pompliano during an Aug. 13 podcast interview. Barhydt noted the U.S. government’s goals for intentional inflation as rationale for his thesis.  As part of […]

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Why Santander Doesn’t Want to Use Ripple for International Payments Yet

There may be trouble in paradise with one of Ripple’s major partners. Santander, the large scale Spanish bank and one of Ripple’s major partners, is still hesitant to adopt XRP as part of its international payment network, One Pay FX. The company reasoned that the token “was not actively traded in enough marketsâ€� to support the company’s banking needs. During an interview with the Financial Times, Cedric Menager, chief executive officer of One Pay FX, explained that Santander wants to provide the “best [user experience] as quickly […]

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Ross Ulbricht Uses Snail Mail to Send Correction for Blog Post on MakerDAO

Getting all the facts right is hard, especially when you don’t have internet access. Ross Ulbricht, the founder of SilkRoad, has issued a short follow-up to his essay on MakerDAO (MKR) and how it could be redesigned and improved. The follow-up amounts to a small correction to an assumption he made earlier about the Maker system. In his essay, he was puzzled that the DAI Savings Rate, a reward for “stakingâ€� the stablecoin, was higher than what DAI minters paid as interest rate. Indeed this is not […]

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Learn to Profit From Bitcoin’s Growing Correlation With Traditional Assets

Veteran crypto traders Scott Melker and Michaël van de Poppe will be discussing Bitcoin’s different types of correlation with traditional assets and how to best profit from them. Bitcoin’s correlation with traditional assets has grown in the last few months, mainly due to the ongoing, unprecedented macro-economic situation.  How strong are these correlations and how are they changing the way that users trade crypto in general?  Veteran traders Scott Melker and Michaël van de Poppe will be discussing how to correctly read traditional markets to trade Bitcoin […]

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This Ransomware Comes With Its Own Affiliate Program

Crypto crime joins the gig economy. Avaddon, a new ransomware-as-a-service, or RaaS, protocol, is the latest to jump on the crypto extortion bandwagon. Similar to ransomware from groups like Maze and REvil, the Avaddon project offers revenue-sharing for users who successfully deploy the software on unsuspecting victims. According to research by the cyber intelligence firm, DomainTools, RaaS development allows hackers to focus their efforts on malware development, rather than finding new places to deploy their attacks. Developers instead rely on third-party individuals who are looking to generate […]

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US DoJ Seizes Millions in Crypto Funds From Al-Qaeda and ISIS Networks

Justice Department announces the largest ever seizure of terrorist-bound crypto assets today in Washington, DC. Per an Aug. 13 announcement from the United States Department of Justice, the authorities have seized millions of dollars worth of cryptocurrency from over 300 accounts.  The announcement does not specify the specific amount, but does identify the operation as the largest to target terrorist funding in cryptocurrency. A wide range of agencies including the Department of Homeland Security, the FBI, and the IRS were involved in the campaign. The campaign shut […]

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Interest in Grayscale Crypto Products Not Easing Up, Not Just BTC Now

Grayscale’s exponential growth demonstrates institutional demand for Bitcoin and other digital assets. Grayscale Investments, the largest digital asset management firm in the world, has been showing exponential increases in investment to its cryptocurrency products. The total sum of assets under management grew by $1 billion in less than two weeks in July, as a Twitter update showed. Additionally, according to the latest documentation, the number of shares Grayscale issued between the first and second quarters of 2020 increased by 90%. Considering that in its Q2 update, the […]

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Crypto Pro Portfolio Tracker Gets a Major Update

Crypto Pro app has extended its Apple device support and is now available on Mac, iPhone, iPad, and Apple Watch. What is Crypto Pro? Crypto Pro tracks cryptocurrency prices in real-time and displays interactive charts with indicators. Users can also read the latest crypto news, set custom price alerts, and monitor their portfolios with performance statistics. The feature-rich toolkit also includes exchange API connections, cryptocurrency wallet import via public keys, customizable widgets, Siri shortcuts, FaceID & TouchID lock, currency conversion calculator, and more. The app focuses on […]

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Defi Implosion: YAM Token Market Cap Plummets to Near Zero After Founder Claims He ‘Failed’

Yield farmers excited about the recent decentralized finance (defi) project, Yam Finance, got a rude awakening after the token’s value plummeted in value to near zero. Yam Finance developers discovered a major flaw in the rebasing contract and at 4 a.m. ET, cofounder Brock Elmore tweeted that he was sorry he “failed.” On Wednesday, well over $500 million funneled into the defi project Yam Finance. More than $120 million kept funneling in after the developers found a bug in the smart contract. After the bug announcement, the […]

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Figuring Out Who’s to Blame for DeFi’s Persistent Security Issues

Is Ethereum’s architecture to blame for the growth of decentralized finance hacks, and will the network upgrade make the sector more secure? The decentralized finance sector continues to gain unprecedented popularity as the total value of assets locked in DeFi products doubled to over $4 billion in July and is now approaching the $5 billion mark.  At the same time, an increased demand for such applications among users and developers makes it a target for bad actors, given the lure of direct access to funds. Over the […]

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