Software developer Justin Berman is investigating a privacy issue with the cryptocurrency Monero (XMR), exposing a bug. The Monero development team confirms that the bug, which could compromise privacy by revealing the target destination of transferred funds, lies in the cryptocurrency’s “decoy selection algorithm.” “A rather significant bug has been spotted in Monero’s decoy selection …
Continue reading “Bug Alert: Monero Users May Want To Wait Before Spending Newly Acquired XMR”
US Senator Elizabeth Warren (D-MA) says that decentralized cryptocurrencies are not “better” than the traditional financial system already in place. Speaking at a hearing entitled “Cryptocurrencies: What are they good for?” held by the Senate Committee on Banking, Housing, and Urban Affairs, Senator Warren says that decentralized cryptocurrencies are essentially transferring power from giant banks …
North American mining and hosting firm Compass Mining is offering a new tax avoidance method for savvy crypto miners that file in the United States. In a Thursday announcement, Compass Mining said it had partnered with IRA provider Choice by Kingdom Trust to help Bitcoin users mine directly to their IRAs “without ever triggering a taxable …
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On Friday, July 30, a total of 42,850 Bitcoin (BTC) option contracts ($1.7 billion) are set to expire. This might be the first time since the May 21 weekly expiry that bulls will be able to profit from the $40,000 call (buy) options. The most recent surge in price may have been prompted by the …
Continue reading “Bitcoin bulls control Friday’s $1.7B monthly options expiry”
The International Monetary Fund, or IMF, plans to “step up” its monitoring of digital currencies, according to a report by Reuters. This intent, as published in an IMF paper Thursday, details how the fund plans to “manage this far-reaching and complex transition” toward a digitized economy. “Rapid technological innovation is ushering in a new era of public and …
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Bitcoin (BTC) bulls are locked in a battle with bears in order to take control of the $40,000 level and dovish comments from U.S. Federal Reserve Chair Jerome Powell suggest that loose monetary policies will remain in place for the foreseeable future. Generally, the crypto ecosystem is “cautiously optimistic” about further price rises as the fallout …
Continue reading “Altcoins pump while traders anticipate a lower support test from Bitcoin”
Ethereum’s native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend’s striking similarity with the one from last year. Ether price fractal First spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average (50-day SMA), a Fibonacci channel, and a relative …
Continue reading “Ethereum price can hit $14K if the March 2020 chart fractal holds”
Promising innovations in DeFi have given rise to a new breed of stablecoins that have the potential to reduce volatility and promote greater decentralization, according to a new research report from ShapeShift. In its latest New Frontiers research study, ShapeShift explores the recent growth of “algorithmic stablecoins,” which are cryptocurrencies that automatically adjust an asset’s …
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Bitcoin mining company Greenidge Generation is planning to increase the number of renewable energy sources available for use in New York. In a Thursday announcement, Greenidge said it would be using the profits from its Bitcoin (BTC) miners in the Finger Lakes region of New York state to expedite the closure of a nearby coal …
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No private keys, no crypto. Individuals in the crypto domain often strive to be their own bank. There is good reason for them to do so, considering the gradual rise of surveillance states and big tech companies. Because traditional finance is centralized and debt-driven, it has manifested persistent issues and shortcomings, particularly concerning financial access. …
Continue reading “Privacy & possession in crypto: The story of non-custodial protocols”
Ripple chairman Chris Larsen cautioned investors on the risks of investing in Dogecoin. He likened it to gambling, adding that most people who gamble end up losing. Since blowing up off the back of the WallStreetBets movement earlier this year, a number of prominent figures in the crypto space, including Charles Hoskinson and Barry Silbert, …
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On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial …
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan …
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Tesla CEO Elon Musk has hinted how many bitcoins Tesla owns after revealing that the fair market value of its bitcoin holdings was $1.47 billion as of June 30. Tesla Holding About 42K Bitcoins Tesla’s technoking, Elon Musk, has commented on how many bitcoins his electric car company owns in response to a rough calculation …
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A handful of crypto whales moved a staggering $2.74 billion in Bitcoin (BTC) within a matter of 14 minutes. The large crypto transfers were initially detected by blockchain tracker and analytics tool Whale Alert. ADVERTISEMENT Whale Alert first noted at 11:40 p.m. PDT on July 27th that an unknown wallet transferred roughly 9,977 BTC, …
