Bitcoin is ‘Schmuck Insurance’: Morgan creek capital founder – via Bitcoinist
Bank of America Merrill Lynch recently surveyed fund managers and found that investors are the most bullish they’ve been on bonds since the end of 2008. But that popularity comes as long-term risks are developing for traditional asset classes. For these reasons, Morgan Creek Capital Founder & CIO, Mark Yusko thinks new types of protective ‘insurance’ such as Bitcoin may be warranted.
Bitcoin is ‘Schmuck Insurance’: Morgan creek capital founder – via Bitcoinist
Samsung Galaxy S10 Drives DApp Adoption – via Cryptodaily
The cryptosphere is drowning in dApps; dApp users not so much. There are signs that this imbalance is starting to shift, however, thanks to support from an unlikely blockchain ally. Samsung’s integration of crypto-friendly applications, including an array of decentralized apps, has given the ecosystem an unexpected boost. Now the onus is on dApp developers to push out products that can leverage this springboard to drive broader consumer adoption.
Hong Kong Free Press Adds Bitcoin to Accepted Donation Methods – via beincrypto
The Hong Kong Free Press has officially added Bitcoin (BTC) and Bitcoin Cash (BCH) to its list of accepted donations methods. For the time being, the organization relies on the BitPay payment processor, but the editor-in-chief claims to be working towards providing true peer-to-peer donations using the cryptocurrencies. Hong Kong has been the scene of mass anti-government protests that have been going on for more than 10 weeks now.
These Bitcoin Users Want DAI and DeFi – Here’s How They Plan to Get It – via Coindesk
Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Now his firm is teaming up with fellow blockchain startup Keep to launch the Cross-Chain Working Group, which aims to create a protocol for using bitcoin on ethereum-based systems. The group hosted its first meeting on Thursday with more than 40 participants, including curious representatives from interoperability protocol Cosmos and Ripple’s investment arm, Xpring. “The goal is to provide a platform for developers, other than those employed by a base chain, who work across chains,” Prestwich told CoinDesk.
Scammers Move Hundreds of Bitcoin to Exchanges; Is a Dump Inbound? – via NEWSBTC
Over the past couple of days, investors have grown fearful regarding the possibility of a massive Chinese Ponzi scam dumping the significant amount of Bitcoin (BTC) that they hold in wallets onto the markets, which may have contributed to the recent downwards pressure experienced by the entire crypto markets. Now, new data suggests that a small portion of the scammer’s Bitcoin has already been moved to exchanges, which may signal that a massive influx of selling pressure is imminent.
Next Generation Blockchains: Which Advancements Should We Be Eyeing? – via Cryptodaily
Bitcoin – the original and still de-facto blockchain of choice recently reached its tenth birthday. A mere 10 years later, and the network is still capped at around 7 on-chain transactions per second, with an average block confirmation time of 10 minutes. While it is all-but certain that these technical barriers will eventually be a thing of the past, it is important to note that there are now a range of innovative and somewhat disruptive alternatives that the industry should keep an eye on. Whether it’s through increased scalability capacities that can now compete with global legacy systems like Visa, consensus mechanisms that utilize the ever-growing abilities of artificial intelligence, or institutional-grade security that counters the threats of quantum computing of the future – the blockchain industry is moving at an exponential pace.
Analyst Claims Almost 3,500 Successful Hacks on Non-Crypto Companies in 2019 – via NEWSBTC
Popular digital currency industry analysis Twitter account @Rhythmtrader states that almost 3,500 non-crypto companies have had their security breached so far this year. Well over a billion user accounts have been impacted by hackers. Although difficult to verify (RhythmTrader rarely cites where the figures quoted are from), some of the biggest examples have impacted hundreds of millions of users. The ease with which even massive mainstream companies have been hacked should serve as a stark warning for all those choosing to store crypto via centralised methods.
Coinbase Reveals Password Glitch Affecting 3,500 Customers – via Coindesk
Crypto exchange Coinbase disclosed a potential vulnerability Friday, announcing that a tiny fraction of its customers’ passwords were stored in plain text on an internal server log. However, the information was not improperly accessed by outside parties, the exchange said. In a post-mortem shared with CoinDesk, Coinbase outlined “a password storage issue,” impacting less than 3,500 customers (out of more than 30 million worldwide) that briefly resulted in personal information, including the passwords, being stored in clear text on internal logging systems.
Craig Wright Snubbed by US Court, His Supporters by Crypto Twitter – via beincrypto
Craig Wright, the self-proclaimed creator of Bitcoin, is finding himself mired in an elaborate web of lies and deceit that prima facie appears to be of his own making. For starters, Wright’s claim of being the man behind the pseudonym Satoshi Nakamoto was never taken seriously by the vast majority of the cryptocurrency community. And now he seems to be losing ground legally too.
Monolith Means Crypto Can Now Be Spent Anywhere That Accepts Visa – via Cryptodaily
Monolith, the decentralised finance platform that lets you spend your crypto in the real world, has partnered with MakerDAO and Digix to provide users with even more options when spending their cryptocurrency. The unique contract-wallet design of Monolith means customers can use their crypto in the real world. Whether it’s paying for a coffee, cinema tickets or sending money to a friend, it’s all possible on Monolith. The Monolith app, offers an Ethereum-powered banking alternative, and launched around six weeks ago. Since then more than 2,000 wallets have been set up on the Ethereum blockchain.
Ethereum Coders Approve 6 Changes for Upcoming Istanbul Hard Fork – via Coindesk
Ethereum core developers finalized late Thursday a list of six different code changes to be activated for ethereum’s next system-wide upgrade, Istanbul. As agreed in prior meetings, Istanbul will be executed in two parts. The first, which will feature all six code changes, or ethereum improvement proposals (EIPs), is tentatively expected to execute on ethereum mainnet this October.
British Teenager Gets Banned from Internet After Trading Stolen Data for BTC – via U.TODAY
According to Hard Fork, Elliot Gunton, a 19-old teenager from the UK, will spend 20 months in jail after stealing personal data and selling it on the dark web in exchange for BTC. The Norwich Crown Court also issued a Community Behaviour Order, which bans Gunton from using the internet for three and a half years.
XRP records high “Hype-to-Activity” ratio as over-hyped coins record low trading volumes, GitHub activity – via AMBCRYPTO
A recent report by The Tie.io highlighted over-hyped cryptocurrencies on Twitter, and the details are not surprising. Less popular cryptocurrencies with low trading volumes exhibited high “Hype-to-Activity” ratios on Twitter, a social media platform that has become a battleground for scam bots and FUD stompers of the cryptocurrency market. The Hype-to Activity metric measured the hashtags [#] of tweets each crypto has per $1 million in trading volume, after a thorough investigation of 450 cryptos. The main highlight of the report was a high tweet volume to trading volume ratio for XRP, the third-largest cryptocurrency by market cap, while the ratio for other top coins remained relatively consistent.
FinCEN Director Reminds Casinos of Crypto Compliance Requirements – via Coindesk
The director of the Financial Crimes Enforcement Network (FinCEN) said the casino industry needs to up the ante on reporting suspicious activities related to digital currencies. Speaking at an Anti-Money Laundering Conference in Las Vegas on August 13, FinCEN director Kenneth Blanco said the agency has not received the amount of suspicious activity reports (SARs) expected. “There is a misconception that just because FinCEN has not publicly issued enforcement action against a casino or card club since last year that FinCEN is not looking at this financial sector,” Blanco said. “Let me assure you, this is not the case.”
NOBL Research: 25 Million Americans are considering buying Crypto – via Bitcoinist
A recently concluded Nobl Insurance study reveals that the crypto market grew by a spectacular 48 percent in the period 2018 – 2019. Moreover, the study forecast that the American cryptocurrency market will continue to expand in the next 12 months.
Visualized: Bitcoin ROI Crushes Stock Market Returns – via NEWSBTC
Those who are involved in or invested in Bitcoin, likely know full well the crypto asset’s long-term price potential and its potential to become the single global currency across the internet and beyond. They also know that Bitcoin has out-performed every asset in history, including anything the stock market has to offer, even including the likes of Amazon and Apple, and others.
Hong-Kong Protesters Call for a ‘Bank Run’ – Here’s what’s in it for Crypto – via Coingape
The 10th-week of the protest at Hong Kong against the Chinese government rule took a dramatic turn as the protestors shut-down the international airports. It is one of the busiest airports in the world. While incidents of outbreaks were witnessed occasionally, it has mostly been a peaceful protest.
Tron DApp Report reveals new additions to the ecosystem, highlights growing transaction volumes – via AMBCRYPTO
The Tron Foundation released its latest DApp Review, with the report revealing its growing dominance in the DApp ecosystem, as well as the increased use of smart contracts which surged to 1362 last week. The report highlighted the addition of two new DApps to the ecosystem; namely, Tron Name Service (TNS) and Zethyr Exchange.
Bakkt Finally Gets CFTC Approval, Slated for September Launch – via beincrypto
Bakkt, the cryptocurrency-focused exchange set up by Intercontinental Exchange (ICE), is set to open its doors this September. This will see the launch of its digital asset custodial and physically-delivered Bitcoin futures contracts.
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