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Stan NordFX
Number of messages : 9
Points : 597
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/?id=654075

attention Re: CryptoNews of the Week by NordFX

on Wed Nov 18, 2020 4:24 pm
CryptoNews

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- Hackers attacked large companies in Israel, traditionally demanding a ransom in bitcoins to regain access to confidential information. The new ransomware virus was named Pay2Key. It affects corporate programs through which reports on financial transactions and other data are transmitted. According to IT company CheckPoint, if the conditions set by the criminals are not met, they usually simply upload the databases to the darknet or to specialized resources on the Web, where anyone can view the materials or buy them.

- Mike Novogratz's Galaxy Digital cryptocurrency bank, in collaboration with investment company CI Global Asset Management, will launch a new bitcoin fund in Canada. The investment company will act as its manager, and the cryptobank will act as co-manager. The latter will carry out all Bitcoin transactions on behalf of the fund. The asset value will be based on the Bloomberg CFIX Bitcoin Index. The partners have already announced preparations for the IPO, as part of the initiative. The offer consists of $10 Class A and F shares. 

- Bloomberg analyst Mike McGlone is confident that the capitalization of the first cryptocurrency will reach $1 trillion in the second half of next year. However, first the price of bitcoin needs to overcome the main obstacle: the all-time high reached in December 2017 at around $20,089. Almost three years have passed since then, during which time the price managed to drop to $3,126, and then grow fivefold, reaching $18,000 at the moment.
“$20,000 is the main obstacle for bitcoin to capitalize at $1 trillion,” McGlone wrote. - The digital version of gold, but with a more limited supply and a history of adding zeros, appears to be in the early stages of pricing and may simply continue to grow in 2021. Its mass acceptance is growing." 

- Actress Maisie Williams, who portrays Arya Stark in Game of Thrones, asked her Twitter followers if she should invest in Bitcoin. At the time of this writing, 650,369 users expressed their opinion, of which 50.7% answered in the affirmative, 49.3% - in the negative.
Comments from representatives of the cryptocurrency community appeared under the post. For example, the founder of the investment company Grayscale, Barry Silbert, recommended Williams to get acquainted with his firm. In the message, he stressed that "Game of Thrones" featured a "greyscale" in keeping with the name of his company, Greyscale.

- Thanks to consolidation in the status of digital gold, the rate of the first cryptocurrency can reach $318,000 by the end of 2021. This forecast was presented by Tom Fitzpatrick, Managing Director of one of the largest banks in the world, Citibank. He believes that the bitcoin market is now reminiscent of the 1970s, when dollar inflation led to increased demand for gold. In 1971, US President Richard Nixon carried out a series of reforms, abandoning the Bretton Woods system and pegging the dollar to gold. As a result, the price of this precious metal showed a steady increase over the next 50 years.
In his new report, Bitcoin: Gold for the 21st Century, Fitzpatrick writes: "Bitcoin moved in the aftermath of the Great Financial Crisis of 2008, when new changes in the monetary regime took place and we dropped to zero interest rates." He notes that currently, financial stimulus measures against the backdrop of the coronavirus pandemic are leading to the formation of conditions similar to the 1970s.
 
- The founder of the Galaxy Digital cryptobank Mike Novogratz admitted that he once bought his first 500,000 ETH at the rate of $0.99 from Vitalik Buterin. According to the billionaire, the Ethereum project team decided that it would be nice for the community to have a buyer from Wall Street. 
As for bitcoin, Novogratz learned about it in 2012 and purchased the first 30,001 BTC at $95 per coin. When asked why such a strange amount, the billionaire replied that at that moment the head of the hedge fund Pantera Capital Dan Morehead bought 30,000 coins, and "then we decided that we would buy 30,001 because we could not afford to have more."
Novogratz also admitted that he planned to sell bitcoin at $1,000 to buy a plane, but he was talked out of it by partner Pete Briger.

- New US Senator Cynthia Lummis plans to bring the discussion of the first cryptocurrency to the national level. The politician said this in an interview with ABC News channel. “21 million bitcoins will be mined and that's it, this is a limited emission. Therefore, I am confident that it will become an important player as a store of value over time,” said Lummis.

- The popular American businessman Robert Kiyosaki agrees with the senator. “Bitcoin's rise has outpaced gold and silver,” he wrote. - What does it mean? This means that you need to buy as much bitcoin and precious metal as you can and don't put it off. The train is already leaving. The dollar is dying. When the dollar falls, the price doesn't matter anymore. What matters is how much gold, silver and bitcoins you have.”
It is curious that in addition to his bestseller "Rich Dad Poor Dad," Kiyosaki wrote two more books in collaboration with US President Donald Trump.

- The price of bitcoin broke through the level of $18,000 with a market capitalization of $338 billion. BTC has grown by more than 50% over the past month as its net purchases on crypto exchanges have far exceeded those of miners. Citing data from analyst firm Glassnode, cryptanalyst Will Wu pointed out that hourly purchases of BTC on exchanges are almost 20 times higher than the amounts attributed to miner sales. Another specialist, Lark Davis, also confirmed that 145,000 bitcoins left the exchanges in the last month, and only 27,000 BTC were mined during this time.


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avatar
Stan NordFX
Number of messages : 9
Points : 597
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/?id=654075

attention Re: CryptoNews of the Week by NordFX

on Wed Nov 11, 2020 6:09 pm
CryptoNews

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- Binance cryptocurrency exchange has started blocking the accounts of users from the United States. There are no official explanations for these actions so far. The emails that users received after being blocked say they need to withdraw all the funds from their accounts within 90 days.
According to The Block, previously blocking was carried out only if the user indicated that he or she was a US citizen during the registration process. Now the exchange finds them by IP addresses. For some clients, the administration offers to switch to the Binance US platform or its analogues, since they are not subject to the prohibitions of American law.

- The number of cryptocurrency ATMs has increased by 80% in 2020 compared to their number in 2019. Currently, there are about 11 thousand such devices in the world. An average of 23 new ATMs are installed every day.
According to experts, most often such ATMs are installed by small startups that are trying to make money on the exchange of cryptocurrency for fiat. The devices are installed in large shopping centers mainly in countries where the circulation of digital assets is allowed at the state level. The CoinATMRadar portal has a map of the location of cryptomats around the world. Judging by it, most of the devices are located in the United States and Canada. You can not only get fiat in them, but also buy the cryptocurrencies themselves, at the exchange value. It is not uncommon for the user to choose a platform with an up-to-date rate.

- Many representatives of the cryptosphere are happy with the fact that Joe Biden has most likely won the US presidential election. The crypto community believes that, unlike Donald Trump and his Treasury Secretary Steven Mnuchin, Biden will be more liberal about digital currencies and the blockchain industry in general.
According to Mike Novogratz, CEO of crypto trading bank Galaxy Digital, the new administration will accelerate the launch of the incentive program. In this situation, a further increase in investor interest in bitcoin is inevitable, as the dollar will become less attractive amid inflation.

- Popular blogger PlanB remains true to his forecast that the price of the first cryptocurrency will rise to $100 - $288 thousand by December 2021, which is consistent with the Stock-to-Flow (S2F) model on which his expectations are based.
The expert notes that during periods of market corrections, he observes how the algorithms of bitcoin whales pick up hundreds of portions of 0.01 BTC from "weak hands". Later these coins “disappear” in “deep” cold vaults.
According to the S2F model, this move of bitcoins to wallets for long-term storage leads to a reduction in their sales. This is especially true for the period after the halving, which leads to a supply shock and provokes a bull market for the next 18-20 months. This was the case for the first and second halving of miner awards in 2012 and 2016. According to PlanB, the dynamics of bitcoin after the third halving in May 2020 is developing like clockwork, which once again confirms he is right.

- Former associate of George Soros in the Quantum fund, billionaire Stanley Druckenmiller, said in an interview with CNBC that he had invested part of the capital under his management in the first cryptocurrency. He admitted that bitcoin may be a better instrument for preserving value than gold.
Druckenmiller has noted the growing stabilization of the first cryptocurrency since its launch 13 years ago. “I'm partly a dinosaur, but I've become better aware that bitcoin can become an asset class that will be interesting from the standpoint of a capital preservation tool,” the investor has explained.
In the same interview, the billionaire predicted a fall in the US dollar over the next three to four years.
 
- The Taiwanese laptop manufacturer Compal Electronics has fallen victim to the DoppelPaymer ransomware virus. For decrypting the files, the hackers demanded 1,100 BTC (almost $17 million at the time of writing), according to Bleeping Computer.
DoppelPaymer is distributed on Windows networks and is known for attacks on corporate networks by gaining access to administrator rights. According to experts from the information security company Group-IB, this virus entered the top three most aggressive and greedy ransomware of 2019.

- Bloomberg analyst Mike McGlone believes that the bitcoin rate will rise to at least $20 thousand in 2021 and renew its all-time high. This is not McGlone's first positive prediction. In early October, he suggested that the first cryptocurrency would rise in price to $100,000 by 2025 and gave several reasons for this. These include the monetary policy of the states, which leads to the depreciation of fiat currencies.
The expert added that the gold will rise in price next year on the same factors as BTC. Its value could rise to $2k an ounce.

- As the publication Unfolded notes, the dependence of Ethereum on bitcoin has been weakening since the end of October. The correlation of the two largest cryptocurrencies decreases amid preparation for the release of the updated version of the Ethereum network (ETH 2.0). It is this factor that has accelerated the separation of the main altcoin from BTC.
Now the correlation is at its lowest level since early 2018. If Ethereum rises in price to $500 in December against the background of weakening bitcoin (now ETH is holding at $460), then it will be able to finally "untie" from its "big brother".

- The market has marked consolidation at two addresses of bitcoins, which have not been in motion for 10 years. According to the data from blockchain.com, the aggregation of coins worth more than $15 million originated from 20 different addresses. Each of them transferred 50 BTC. Until the first halving in 2012, this was the amount miners received as a reward for a successfully mined block.
The situation with early bitcoins of the time of Satoshi Nakamoto always attracts increased attention of the crypto community. Everyone is primarily interested in whether they are really part of the legacy of Satoshi himself. So, more recently, the crypto community enthusiastically discussed the movement of bitcoins worth over $1 billion on the night of the US presidential election. The most fantastic versions were put forward, but later it turned out that this US Department of Justice confiscated almost 70,000 BTC from the purse associated with the Silk Road darkmarket.


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avatar
Stan NordFX
Number of messages : 9
Points : 597
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/?id=654075

attention Re: CryptoNews of the Week by NordFX

on Wed Nov 04, 2020 4:47 pm
CryptoNews

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- According to the founder of the investment fund Off The Chain Capital Brian Estes, the attitude towards cryptocurrencies will change dramatically over the next ten years. This is especially true of the American market, which is still showing loyalty to digital assets. Roughly 90 percent of U.S. households will use bitcoin by 2030. Asia will be ahead in this industry, but China and other countries will focus on sovereign coins.

- Well-known analyst Willie Wu believes that bitcoin has entered the "safe haven" stage. He already predicted a similar development of events In early autumn. According to the cryptocurrency expert, the main coin is now showing relative stability, which is why it is not worth waiting for a repeat of the 2017 rally. In addition, even if Bitcoin does go into aggressive growth, it will be in for constant corrections.
“Correlation of the main cryptocurrency by other market industries is gradually decreasing. This ensures the stability of the asset but prevents it from moving to growth. It is because of stability that there is a certain stagnation now,” said Wu. Judging by the trend of recent days, the main coin may be between $13,000 and $14,000 for a long time to come.
 
- An unknown user withdrew 69,370 BTC (approximately $960 million) from a wallet that hackers have been trying to hack for several years. At the time of the transfer, this address was the world fourth largest holder of bitcoin. And, perhaps, the owner of the wallet simply transferred the coins to a new, more secure address. As noted by the Telegram channel Goldfoundinshit, the forums claimed that the wallet is associated with the founder of the anonymous trading platform Silk Road Ross Ulbricht, who is serving a life sentence in an American prison.
 
- Known as the "king of bonds," Jeffrey Gundlach, CEO of DoubleLine Capital, recommended the first cryptocurrency and gold as insurance against the dollar's depreciation. Interestingly, Gundlach was saying until recently that he was not ready to participate in the hype around bitcoin. In an interview with Business Insider, he had called the first cryptocurrency a "lie", doubting it was impossible to hack it. “I don't believe in bitcoin. I think it's well tracked. I don’t think it is anonymous,” he had said then. And now the businessman, who manages $141bn in assets, has offered his listeners to hedge the risks of inflation by adding gold and bitcoin to the investment portfolio.

- Residents of Cuba have become much more interested in bitcoin Over the past month. According to Google Trends, in terms of the number of searches related to the first cryptocurrency, the country came in second place, and is now second only to Nigeria. Bitcoin's rise in popularity in the island nation is due to tougher American sanctions, as well as restrictions on the use of PayPal and Stripe payment platforms.
South Africa, Cameroon and Ghana are also among the top five countries with a high interest in bitcoin. Residents of Taiwan, Kazakhstan and Japan turn to the search engine with such a request less often than others.

- Bitcoin showed a negative correlation with the Dow Jones index last week. While stock markets were declining all over the world, the rate of bitcoin rose by 5% and even exceeded the 2019 high. That's not yet the limit, according to some analysts. A new impetus for the growth of BTC may be given by the US presidential election. “Trump's victory should be well received by participants in the financial markets,” experts say, “and the bitcoin rate will grow along with the rates of other assets. If Biden wins, we will see the stock market fall. However, bitcoin is likely to show growth amid expectations of a depreciation of the dollar. "

- A cryptocurrency user in Canada decided to give kids Halloween gift cards, each with $100 in bitcoin, which is roughly 0.007 BTC. Interestingly, some candy hunters, dressed as ghosts, goblins, and witches, were disappointed to receive an inedible piece of cardboard. But there were also those who were delighted to become the owner of a real cryptocurrency. The information that bitcoins were being distributed in this house quickly spread throughout the area, and whole groups of children began to move there on purpose.
The reaction from the crypto community was positive, with many believing that it was a good way to introduce children to the crypto world. "This is a historic moment," said analyst Billy Wu. "When these children come to power, there will be only 0.002 BTC left for each person."

- According to Rai News, a 41-year-old employee of the airport in the Italian city of Lamezia Terme infected the computers of the airport network with a miner virus. He used their computing power to mine ethereum. In addition, the "crypto-enthusiast" has placed several of his own mining farms in the office premises, having powered them from the airport power grid. CCTV cameras managed to capture this, the records of which ended up in the hands of the city prosecutor's office.

- Several US banks have begun negotiations with major crypto custodians such as Anchorage and Coinbase on potential cooperation. This happened after the regulator officially allowed banks to provide such services. This was stated by the head of the United States Currency Exchange Office (OCC) Brian Brooks. He believes that financial conglomerates around the world will not create their own solutions for storing cryptocurrencies from scratch, but rather will buy market leaders or enter into cooperation with them to meet the needs of their customers. 

- Hackers have stolen more than $13.6 billion in cryptocurrency since 2012, committing more than 330 hacks. This is stated in the study of the analytical service Atlas VPN.
Most often, hackers attacked decentralized applications running on the basis of the EOS blockchain platform. There were 117 such cases. Next on the list was the ethereum blockchain platform. The services developed on top of it were attacked 33 times.
As for money, most of all hackers stole it from crypto exchanges and crypto wallets. According to Atlas VPN, there were 87 successful hacks of trading platforms, as a result of which the attackers managed to withdraw $4.8 billion. Wallets suffered even more damage, where the total damage amounted to almost $7.2 billion.


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avatar
Stan NordFX
Number of messages : 9
Points : 597
Date of Entry : 2019-04-22
Residence Country : Russian Federation
https://nordfx.com/?id=654075

attention CryptoNews of the Week by NordFX

on Wed Oct 28, 2020 5:12 pm
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- The number of cryptocurrency whales has started to increase amid the recent rally in bitcoin. This is evidenced by the CoinMetrics data service. According to the company's specialists, the number of wallets containing more than 1000 coins reached 2.2 thousand on October 25. There were less than 2 thousand of them at the beginning of the year, and their number began to decline at a rapid pace before the May halving.
Based on the current rate, each of the cryptocurrency “whales” is the owner of a fortune of at least 13 million dollars. It is noteworthy that many of them invested in bitcoin during periods when it was very cheap, which speaks of the record profitability of the main coin for its "early" owners.

- One of the leading bitcoin ATM operators LibertyX has added the option to sell bitcoin for cash to 5000 devices located in the United States. This function avoids delays associated with bank transfers. Anyone who wants to sell bitcoins just needs to use an application or a website to enter the number of coins they want to sell and choose a convenient ATM that will give them cash in dollars after specifying the order number. The commission for such an operation is quite large: 8%.

- Bitcoin outperforms gold as an alternative currency and has a significantly better chance of continued growth, according to a new report by the US investment bank JPMorgan. At the same time, the bank's analysts draw attention to the low capitalization of bitcoin, which, in their opinion, is explained by the fact that mainly millennials choose the cryptocurrency. The older generation prefers to keep assets in tangible form, in particular, in gold. Despite this, however, bitcoin has significant potential for long-term growth as millennials will become "an increasingly important component of the investment space" over time.
JPMorgan estimates that the physical gold market, including ETF backed by it, is $2.6 trillion. Bitcoin needs to raise its current value of around $13,000 10 times to equal the precious metal in this respect.

- Hackers broke into the database of the Vastaamo Psychotherapy Centre in Finland. After gaining access to information on thousands of patients at the centre, they demanded a ransom in the amount of 450 thousand euros in bitcoins. The cybercriminals threatened to publish the stolen data and have already begun to implement the threat by uploading the personal data of at least 300 people to the web. The information included the patient's name, telephone number, email address, residential address, diagnosis, and the content of the therapy sessions.
The hackers also offered individual patients to delete their data for a ransom of up to 540 euros in bitcoins.

- After the payment giant PayPal announced the start of support for bitcoin and a number of other cryptocurrencies, Visa, Mastercard and American Express will follow its example. This opinion was expressed in an interview with Bloomberg by the CEO of the Galaxy Investment cryptocurrency fund Mike Novogratz.
However, speaking of bitcoin, Novogratz sees in it only a way to preserve capital and doubts that the first cryptocurrency will become widespread as a means of payment. “I don't think this will happen within the next five years. Bitcoin is used as a means of accumulation. Therefore, as digital gold, it will simply continue to rise in value, and more and more people will include it in their portfolios,” explained Novogratz.
As a reminder, PayPal announced the launch of the function of buying, selling and storing bitcoin, Bitcoin Cash, Ethereum and Litecoin on Wednesday, October 21. The company expects that the new feature will stimulate the global use of cryptocurrencies and prepare the web for digital currencies of central banks.

- According to analysts at Glassnode, the rate of bitcoin has not increased much so far. They conclude from this that the asset will have every chance to take on new barriers in the future. Investors are still only trying to figure out the new policy of bitcoin, since it is more focused on the internal environment now. Stock markets and other external factors have practically ceased to influence it. 

- American programmer, US presidential candidate, "crypto baron" John McAfee, arrested in Spain at the request of the US and accused of tax evasion, gave an interview to Cointelegraph right from his prison cell.
The eccentric millionaire shared his thoughts on the latest developments in the cryptocurrency industry, praised the news of the addition of cryptocurrencies to PayPal's arsenal, and could not resist advertising his own cryptocurrency. “Very soon, we will be faced with a new direction in using cryptocurrencies to execute transactions, rather than as a quick get-rich scheme. That's why I developed the privacy-focused stablecoin Ghost,” McAfee said.

- The founders of the Gemini cryptocurrency exchange, the Winklevoss brothers, confirmed their previous prediction, saying that bitcoin will be worth $500,000 sooner or later.
'The question isn't whether bitcoin will cost $500,000 or not, the question is how quickly it will happen. In fact, even this assessment seems to me very conservative - the game has not really even started, "- said Cameron Winklevoss.
Tyler Winklevoss added that he and his brother started buying cryptocurrency back in 2012 and expressed confidence that bitcoin outperforms gold, oil and the US dollar as a store of value and is the only long-term inflation hedge.

- The CEO of MicroStrategy, Michael Saylor, who was prophesying the imminent decline of cryptocurrency in the past, claims that he is ready to hold bitcoin for 100 years and does not plan to sell it. Led by Saylor, the company has invested $425 million in bitcoin over the past months. “And this is not speculation or hedge. This is a targeted corporate strategy for the adoption of the bitcoin standard,” Saylor explained. According to him, having considered the available options for preserving capital amid the economic uncertainty in the world, MicroStrategy has come to the conclusion that bitcoin is the best long-term store of value. Taxes and commissions make investments in other assets meaningless, and if not, then they are flawed, because they are controlled by a company management or the state. Bitcoin, on the other hand, is evolving and only gets harder and stronger over time.
Sailor believes that gold cannot be compared to bitcoin. In his opinion, people who hold $100 million in fiat will lose 99% of the value of their assets in 100 years, and investments in gold will, at best, bring 85% of the loss.

- On Wednesday October 28, Donald Trump's campaign website was hacked. As a result, the content of the "About Us" page was changed to accommodate the addresses of the Monero cryptocurrency and the accompanying text. Cybercriminals claim in it to have hacked many devices and gained full access to information about Trump and his relatives. They also claim that they had information at their disposal, allegedly indicating the involvement of the Trump administration in the emergence of the coronavirus, as well as his personal involvement in criminal activity and cooperation with foreigners to manipulate the upcoming election.


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