Digital Assets Are More Recession-Proof Than You Might Think – via Coindesk
Jeff Dorman, a CoinDesk columnist, is chief investment officer at Arca where he leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and asset management experience at firms including Merrill Lynch and Citadel Securities.
Digital Assets Are More Recession-Proof Than You Might Think – via Coindesk
Data metrics surrounding Bitcoin’s miner dynamics all point to a long-term bottom – via Cryptoslate
Ever since Bitcoin’s capitulatory drop to lows of $3,800 seen in mid-March, investors and analysts alike have all been attentively watching for signs that these lows will ultimately mark a long-term bottom. The benchmark cryptocurrency’s strong rebound from these lows has certainly been a positive sign that bolsters the theory that BTC won’t dip below this level again, but analysts are still offering conflicting opinions on whether or not it currently has technical strength.
StormX introduces rewards program, users get 87.5% crypto back on purchases – via Cryptoslate
StormX, a gamified microtask platform that allows users to earn cryptocurrencies, has announced the launch of its rewards program. In a press release shared with CryptoSlate, the company said that STORM token holders will be able to earn up to 87.5 percent back on their purchases, alongside a 21 percent cash back when buying from merchants such as eBay, Walmart, Target, Samsung, and others.
Did 50 Cent make Millions from Bitcoin? – via Coinnounce
Revealing the truth behind the rumors of 50 Cent making huge profits out of his Bitcoin deal. 50 Cent is a popular hip-hop start with a history of wrong decisions. Then how did he end up in the Bitcoin market?
Billionaire and Early Bitcoin Investor Thinks BTC’s Price Could Reach Millions – via CRYPTOGLOBE
Social Capital CEO and billionaire Chamath Palihapitiya has argued that bitcoin’s price may increase significantly over the next decade. Palihapitiya, a former Facebook executive, began investing in bitcoin in 2013 when the price was $80 per coin and claims to have owned around 5% of the total supply at one point. Speaking in a discussion with Morgan Creek Digital Partner Anthony Pompliano, the billionaire investor gave his opinion on the global state of the economy in light of the coronavirus outbreak. In particular, Palihapitiya argued that bitcoin could be in place for major gains from the economic fallout over the next decade.
Coronavirus testing app set to launch as blockchain firms partner to create one – via Cryptopolitan
Several blockchain firms have partnered to launch a coronavirus testing app towards the end of April with the project to enable users to have control over their DNA data. Genobank, a decentralized biobank that helps user control their BioData, is set to launch that app on the EOS blockchain platform, Telos, to help people access anonymous coronavirus tests.
South Korean Central Bank Accelerates Digital Currency Pilot to Keep Up With Other Nations – via Coindesk
The Bank of Korea (BOK) has launched a new pilot program for a central bank digital currency (CBDC) amid concerns other nations could take the lead if it sits on the sidelines. The South Korean central bank said Monday it had reevaluated the CBDC proposal after observing that other developed nations, including neighboring Japan and its close ally the U.S., were moving forward with their own digital currency plans faster than anticipated.
John McAfee Says Bitcoin Is Worthless Despite $1 Million 2020 Prediction – via CryptoDaily
Is Bitcoin worthless? Well according to one of the most popular and prominent figures in the cryptocurrency industry, John McAfee, the leading coin is practically worthless. He took to Twitter at the end of last week responding to one of his followers saying that the king coin is worthless. This came after the user in question claimed that people only follow John because of his bitcoin, so-called ‘enthusiasm’.
Poloniex to Enter IEO Club With Tron-based JUST + More News – via Cryptonews
Poloniex has announced the creation of a new token-launching platform, dubbed LaunchBase. According to the announcement, it will collaborate with projects, community members and industry-wide partners to promote crypto adoption worldwide, including via the sale of tokens to eligible participants on Poloniex. The exchange, co-owned by Tron’s Justin Sun, said it has selected as its first project a Tron-based stablecoin lending platform called JUST, and promised to disclose more details in the next few days.
42,000 BTC Seemingly Sold for $0.18 on Coinbase Due to ‘Error’ – via beincrypto
It’s unclear whether the trade actually went through, but a drastic candle on Coinbase Pro saw 42,000 BTC sold at $0.18. Traders noticed a strange candle on the BTC/USD trading pair on Coinbase Pro. Some 42,000 BTC was sold at $0.18, but it may just be an ‘error.’
A flood of class-action lawsuits filed against major crypto companies in the United States – via Coinnounce
There have been 11 class-action lawsuits filed against 42 defendants in 16 countries alleging the sale of unregistered cryptocurrencies. The lawsuits were filed in the Southern District of New York on April 3, against major cryptocurrency companies, including Binance, Tron, BitMEX, and several others.
Software Engineer Cracks Encrypted File To Recover USD 300K in Bitcoin – via Cryptonews
Mike Stay is the CTO of Pyrofex, a startup that creates blockchain platforms and decentralized applications, and a software engineer who formerly worked at Google (and is now looking for a new role). According to him, in winter 2019, a Russian man contacted him, saying that he has read a paper on PKZIP, a compression / archival program written almost two decades ago, at the time Stay worked at software company AccessData. While the described attack included five encrypted files in an archive, the man asked the engineer if the attack would work with only two files.
Former Goldman Sachs Exec Shifts Portfolio to Bitcoin Ahead of Coming Economic Crisis – via CRYPTOGLOBE
Raoul Pal, a former Europe hedge fund sales lead at Goldman Sachs, is preparing for a generational economic crisis by shifting more of his portfolio into bitcoin and gold. Pal said in a recent interview with Real Vision Group’s Howard Lindzon the global financial system is heading towards an economic catastrophe as a result of the coronavirus. Pal predicted a 20% plunge in equities in the short-term and expects many businesses to fail in multiple sectors of the economy.
Dark Web Vendors Sell Masks and COVID-19 Tests for Bitcoin (BTC): Research – via U.TODAY
As the coronavirus pandemic deepens, dark web sellers do not hesitate to shift gears. According to new research by blockchain firm Elliptic, market places from the murkiest corners of the internet now offer face masks and other coronavirus-related items alongside drugs and firearms.
Binance CZ: CoinMarketCap to maintain neutrality and independence – via AMBCRYPTO
At a time when most companies across different sectors are dealing with layoffs and other cost-cutting measures triggered by the pandemic, this leading crypto firm had plans of its own. Binance, which is one of the most popular cryptocurrency exchange, announced the acquisition of CoinMarketCap. Shortly after the news of the acquisition broke, Bobby Ong, the Co-founder of another data provider CoinGecko, tweeted, “We will continue upholding data integrity in the crypto space. We are now the largest independent crypto data aggregator and will do our best to ensure things are tracked in a transparent and neutral manner.”
Bitcoin Manipulation At Peak Before The Next Big Crash – via CryptoDaily
Bitcoin manipulation has taken one of its worst shapes ever. Every time the price is ready to fall, we see a big green candle that shakes out a lot of retail bears. This is a clear case of market manipulation that would be like an open and shut case in other financial markets. However, in this market all sorts of things go by without any consequences. The 4H chart for BTC/USD shows that the price risks a major decline in the near future. This is going to be a lot more aggressive than the previous crash. The stakes are too high and this is why the market makers and key stakeholders in this market are so keen on discouraging traders so they would not be short on the market before the next big move to the downside.
Kraken Hires Lawyer Marco Santori to Ramp Up Acquisitions – via Coindesk
Kraken is growing its legal team, starting with the crypto veteran Marco Santori. The San-Francisco-based cryptocurrency exchange, which boasts over $180 million in daily volume, announced Monday that Santori would helm its legal team as chief legal officer. In this role he will be leading a significant expansion of the team, now counting a “half-dozen quality attorneys,” he told CoinDesk in an interview.
Vitalik Buterin Bashes Predictions But Forgets About His Own Ethereum Roadmap Calls – via CryptoPotato
Ethereum’s co-founder, Vitalik Buterin, bashed those making over-confident predictions in the cryptocurrency industry. However, he also took the blame for doing the same thing with Ethereum’s roadmap.
Crypto Events for today – via COINDAR
1. BITCORN (CORN) – Staking Program on ProBit Exchange
2. Centrality (CENNZ) – AMA On Zoom
3. Bancor (BNT) – Virtual Hackathon Ends
4. Azbit (AZ) – Coin Burn
5. Matic Network (MATIC) – Listing on CEX.IO Exchange
6. BOSAGORA (BOA) – AMA On Telegram
7. Bitcoin Diamond (BCD) – Listing on ProBit Exchange
8. SOLO Coin (SOLO) – Listing on Bilaxy
9. ZeuxCoin (ZUC) – AMA On Facebook
10. EXMO Coin (EXM) – Technical Maintenance
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