Crypto Weekly Roundup: Beanstalk Farms Hacked, Stripe Connect Announced, Binance’s Swastika Mishap, Lazarus On The Prowl, Moonbird Tops Trading Volumes, And More
North Korea’s Lazarus group is at it again. This time they are employing malicious apps to target employees and individuals in the crypto space in order to launch more sinister cybersecurity hacks. Keep reading to find out more.
Adidas Originals to launch debut NFT collection
The iconic sportswear brand recently partnered with three distinguished members of the NFT space: Bored Ape Yacht Club, GMoney and PUNKS Comics, to advance metaverse ambitions.
TA: Bitcoin Breaking This Confluence Resistance Could Spark Recovery
Bitcoin is attempting an upside correction above $57,000 against the US Dollar. BTC could gain pace if there is a close above the $58,000 resistance.
Unix Gaming Prepares for Launch of a New Token as it Partners with The Club
The gaming guild, The Club, has partnered with Unix Gaming, another guild that focuses on enabling players from countries with low income to earn money by playing NFT-games.
Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange
Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in the long term amid a new financial world,” said the CEO of the bank.
More than 40 digital currency ETFs await US regulatory approval
Competitors are quickly following suit after the first U.S.-based Bitcoin ETF debuted earlier this month.
Startup Helps Reduce Child Labor in Africa & Aspires to Work with Tesla
Recently, the venture arms of corporate giants Volvo and Total invested in blockchain traceability startup Circulor that helps reduce child labor in Africa and aspires to work with Tesla, GM and Ford.
DOGE Tik Tok Pump Likely Over, OKCcoin CMO Says
Dogecoin's (DOGE) price has fallen notably after social media enthusiasts promoted the asset for days on Tik Tok in an effort to send the asset to $1. The escapade shows signs of conclusion according to OKCoin CMO Haider Rafique.
CoinMetro Becomes the First Crypto Exchange to Offer Market Sentiment Data Used by Hedge Funds
CoinMetro, the licensed crypto exchange has integrated with The TIE - the the premiere provider of alternative data for digital assets. The TIE is a cryptocurrency focused spin-off of Social Market Analytics (SMA), an official Twitter partner and the leading provider of sentiment data across traditional asset classes. In traditional markets SMA provides sentiment data to leading financial firms including Fidelity, CME, ETrade, Sequoia, and Barclays.
Switzerland Denies $103 Million of COVID-19 Relief for Crypto Valley
The Swiss government has denied a 100 million franc request by the Canton of Zug for use in keeping local crypto companies afloat, according to local newspaper Tages-Anzeiger. Zug’s finance director Heinz Taennler initiated support for the financial package earlier in April to support local blockchain companies affected by the COVID-19 pandemic, but the answer he’s getting isn’t the one he wanted.
Bitcoin fork BTCU is scheduled for July 7
The new Bitcoin fork - Bitcoin Ultimatum (BTCU) - is scheduled for July 7. This was mentioned to LetKnow.News by the co-founder of the project Mykola Udianskyi.
The five big crypto lessons of China
During the Year of the Pig, China's approach to crypto really began to take shape. In our Chinese New Year Special, Da Bing explains it all for you.
China files 84 patents for central bank digital currency
Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC.
Trump administration to release new FinCEN requirements for cryptos, Mnuchin tells Congress
U.S. Treasury Secretary Steven Mnuchin told Congress on Wednesday that the U.S. Financial Crimes Enforcement Network (FinCEN) is set to release new requirements related to cryptocurrencies.
Coinbase launches margin trading for some users
Cryptocurrency exchange Coinbase is launching margin trading today. Margin trading lets you trade on leverage. But it works both ways — margin trading lets you multiply your gains and your losses.
Bitcoin Will Beat Dow Jones to 40,000: Tom Lee Doubles Down on BTC
Bitcoin (BTC) is going to reach 40,000 before the Dow Jones does, according to the analyst eyeing a 200% price jump by August 2020.
Trump’s 2021 Budget Proposal Seeks to Optimize Crypto Policing
U.S. President Donald Trump’s $4.8 trillion budget proposal for FY 2021, released Monday, seeks to expand the Treasury Department’s cryptocurrency oversight by returning the United States Secret Service, now a division of the Department of Homeland Security, to its jurisdiction.
The US government lost $1.7 billion by selling Bitcoin too early
The United States is likely to have missed out on around $1.7 billion by auctioning off seized Bitcoin $BTCway too soon.
China’s CBDC ‘will not necessarily be related to blockchain initially’
Earlier this month on Twitter, Ethereum co-founder Vitalik Buterin posed the question of whether transactions using CBDCs, such as the one recently proposed by China, would be cryptographically provable.
Fundstrat Analyst: Bitcoin Price Could Soon Hit $11,000
On Thursday, Bitcoin continued its precipitous rally higher, extending the gains it has made over the past few weeks. At today’s peak, the price of the cryptocurrency hit $9,850, surging as buyers continue to step in.