BitMEX Launching Services for Corporate Customers

Crypto derivatives giant BitMEX announced it would be launching corporate services for customers at the exchange. Hong Kong-based cryptocurrency derivatives exchange BitMEX is launching a new program with benefits for its corporate clients including enhanced security service, and accounting. According to a June 22 announcement on BitMEX’s support page, the exchange is launching a new program for corporate customers, BitMEX Corporate. Accounts on the crypto exchange that are not owned and operated by an individual can now ensure their BitMEX holdings are the legal property of a corporation. BitMEX said…

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Peter Schiff: Bitcoin Won’t “Even Come Close” to Its $20k High This Year

It’s been a strong past few months for both Bitcoin and gold. The leading cryptocurrency is up more than 150% from its March low while the precious metal has gained 15%. Both performances mark notable gains for the assets. Yet according to a prominent investor and gold proponent, it won’t be Bitcoin setting a fresh high this year. Instead, he says it will be the precious metal. Peter Schiff Says Bitcoin “Won’t Even Come Close” to $20,000 Highs Due to what seems to be a combination of central-bank buying and…

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Ghost Coin to be Deployed as Payment for Hong Kong Vending Machines

John McAfee-backed privacy coin Ghost Coin partners with ivendPay as a payment option for Hong Kong vending machines. Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland. Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland.  “When we 1st launched $GHOST our vision was not only to focus on #Privacy but also on real user adoption,” Ghost…

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Despite Its $25B Market Cap, Ethereum Can Still Be “Dethroned”

For years, Ethereum has easily been the leading smart contract blockchain. With mass adoption by service providers, brand recognition, and a series of popular apps, it leads in its category. Yet this hasn’t stopped some from speculating that the cryptocurrency can be “dethroned” by an upstart. Ethereum Could Be Dethroned By Another Blockchain, Analyst Says Due to a rapid increase in the adoption of decentralized finance, the Ethereum user experience has arguably gone downhill in recent weeks. Head of Business Development at Kraken’s futures division, Kevin Beardsley, recently commented on…

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Bolstering Separation of Money and State Following the 244th Independence Day

With the fourth of July approaching, many Americans will have to contemplate whether or not the holiday is an empty affair. After the last thirteen weeks of Covid-19 lockdowns, business shutdowns, and police brutality, the lack of liberty and freedoms in the U.S. has never been more apparent. With ideas like bitcoin and concepts that bolster secession, the day is coming when money is completely removed from the state, just as the state was separated from the church centuries ago. Roughly six days prior to the empty holiday, as I…

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Massive Cyberattack on Australia Uses Cryptojacking Exploits

A report from the Australian Cyber Security Centre highlights a vulnerability related to attacks using cryptojacking malware. The Australian Cyber Security Centre said a group of “state actors” hacked Australian networks on June 19 and one of the vulnerabilities they exploited is related to cryptojacking malware attacks.  According to the 48-page report released on June 24, the threat actors exploited four critical vulnerabilities in Telerik UI, including CVE-2019-18935, which was recently leveraged by the Blue Mockingbird malware gang to infect thousands of systems with XMRRig, a Monero (XMR) mining software.…

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No, Bitcoin Breaking Below $9k Was Not a Bearish Breakout: Analyst

On Saturday, Bitcoin finally broke below $9,000 after a week of consolidation. When the asset slipped under this level, more than $20 million worth of longs on BitMEX were liquidated. This was in addition to the more than $40 million liquidated just two days earlier. Many were quick to flip bearish as BTC temporarily lost the support of $9,000. One crypto trader shared a chart indicating that a textbook pattern predicting $7,000 was almost confirmed when the drop took place. Yet an analyst has said that stepping back, Bitcoin is…

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Blockchain Can Provide the Right to Privacy That Everyone Deserves

Blockchain technology can help to build a self-sovereign financial system where privacy belongs to the people. Contrary to popular belief, privacy is not for those with something to hide but with everything to lose. Authoritarian governments across the globe are increasingly using surveillance to control their citizens at the expense of personal freedoms and civil liberties. The privacy of one’s financial transactions is intricately linked to one’s personal liberty. Without privacy (and financial means), true freedom is at risk. We are rendered powerless to resist oppression. The promise of cryptocurrency…

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New Bitcoin Price Model Suggests ‘Exponential’ Bull Run in One Month

On-chain analyst Willy Woo published a new Bitcoin price model showing a new BTC bull run could begin in 30 days. Earlier this week on-chain analyst Willy Woo released a new price model for Bitcoin (BTC). The model identifies the start of exponential Bitcoin bull runs based on historical data. According to the model, Bitcoin may be just one month away from an official bull market. Will a BTC bull market begin in July? The price of Bitcoin was hovering around $10,000 in February before the coronavirus pandemic led to…

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This Trend on Bitfinex Puts Ethereum in a Precarious Position Compared to Bitcoin

Ethereum and Bitcoin have been seeing mixed price action in recent times The weakness seen by these two cryptocurrencies has been mounting over the past few days BTC is struggling to hold above $9,000 as Ethereum trades below its long-established trading range One trend that could have grave impacts for ETH in the near-term is the number of tokens being moved into exchanges – and particularly into Bitfinex This comes as the crypto finds itself within a precarious technical position Ethereum has been trading in a similar fashion to Bitcoin…

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