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Adoption: You Can Now Pay For Parking Tickets In Bitcoin Across Europe

Seety, SHOP.COM, and Worldline are the latest companies to accept digital assets as a means of payment.

2021-09-05 23:09:01

Data Shows Crypto Hacks And Fraud In 2021 Are On Track For A New Record

Crypto hacks and scams are nothing new in the crypto space, but every time they happen, they still come as a shock to investors. Most especially the victims of these attacks. Bull markets always seem to come with an increased number of attacks. So with a bull market that has raged on for the better part of a year, 2021 has definitely had its fair share of attacks, despite just entering its ninth month of the year. Related Reading | These attacks have accelerated with the recent crypto surge. Prices have been up across the board and it seems like this has been a cue for the attackers to ramp up their operations. This could be due in part to the high prices of the cryptocurrencies bringing much higher returns on their attacks. Whatever the case may be, attacks in 2021 have increased and data shows that the number this year will most likely surpass the record for last year. Accelerated Crypto Attacks In 2021 Crypto hacks and scams had previously reached a record number in 2020. At a total of 32 identified cases in 2020, it was the year with the highest number of hacking and fraud incidents in the crypto market. In just eight months, there have been 32 identified cases of hacking and fraud in 2021. With six months to go and the bull rally raging on, more of these attacks can be expected to happen before the year runs out. Related Reading | Data Shows Nearly 90% of Bitcoin Has Been Mined, Here’s How Long It Will Take To M...

2021-09-05 23:09:22

Majority Of Russians Say They Would Rather Buy Crypto Over Traditional Assets

Crypto has grown to be the investment of choice for a lot of people across the globe. This time, a poll carried out by the Association of Forex Dealers (AFD) has found the majority of Russians currently favor digital assets over traditional ones. The survey showed that options like fiat currencies or gold had fallen […]

2021-09-05 23:09:13

Singapore Central Bank Selects 15 Firms For Retailing CBDC

The Monetary Authority of Singapore (MAS) finally shortlisted 15 companies that will assist in developing retail CBDC. These firms will participate in the Global CBDC challenge and help build the in-house retail central bank digital currency. MAS announcement indicates that the participants include four companies from the United States and six from Singapore. There’s also one firm each from Barbados, France, Switzerland, Australia, and Germany. Of all the participants, only three winners will emerge and work to build Singapore’s retail CBDC. On June 28, there was an announcement of the cash prizes for the digital currency ideas by the Singaporean central bank. This resulted in a challenge that has more than 300 fintech firms from over 50 countries in participation. Related Reading | Ethereum Software Client Geth Issues Hotfix To Tighten Security Some of the global finalists are Criteo (France), Bitt (Barbados), and Soramitsu (Switzerland). Also, there are ANZ Banking Group Limited (Australia) and Giesecke+Devrient advance52 GmbH (Germany). The shortlisted United States-based firms include Consensys, cLabs Inc., IBM, and Extolabs LLC. The local Singaporean shortlisted consortiums are IOG Singapore Pte Ltd, Citibank N.A., Standard Chartered Bank, and IDEMIA. Others are HSBC Bank Limited and HSBC Holdings Plc, and Xfers Pte Ltd Finalists Will Be Rewarded For Developing CBDC Retail A cash prize of 50,000 Singapore dolla...

2021-09-05 22:09:14

Tensions Grow In El Salvador Over The Bitcoin Gamble

El Salvador will become the first country that adopts Bitcoin as its legal tender in September. However, several warnings are coming from the economist over the risks such a move poses. According to John Hopkins University findings, paying remittances with Bitcoin will be more costly than the usual traditional method. Also, another survey revealed that […]

2021-09-05 22:09:44

Top Crypto Strategist Predicts Breakouts for Three Lagging Altcoins, Says Chainlink Presenting ‘High Probability’ Setup

A prominent crypto strategist and trader is eyeing breakouts for three lagging altcoins while waiting for Chainlink (LINK) to catch fire. The analyst known in the industry as Inmortal tells his 63,200 Twitter followers that peer-to-peer payments network Litecoin (LTC) has broken out of consolidation and is poised to rally to his target at $260. […]The post Top Crypto Strategist Predicts Breakouts for Three Lagging Altcoins, Says Chainlink Presenting ‘High Probability’ Setup appeared first on The Daily Hodl.

2021-09-05 22:09:35

Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021’s 9th Month Is Different

The price of bitcoin has risen above the $51K zone on Sunday and traders and speculators are curious as to where the price is headed next. Historically, in September, bitcoin prices don’t fare so well and usually get better in October. For this reason, skeptics are not sure if bitcoin’s price will continue to be […]

2021-09-05 22:09:16

In Venezuela mining Bitcoin, other cryptos is a way to ‘generate income effortlessly’

Bitcoin has emerged as an alternative form of currency in some parts of the world, while the rest are still trying to find ways to control and comprehend its scope. Venezuela is among the few countries to have embraced Bitcoin, and it is now working towards a new sector that uses cheap electricity to mine […]

2021-09-05 22:09:41

Ethereum Software Client Geth Issues Hotfix To Tighten Security

Geth, the most renowned software client of Ethereum, has provided a hotfix to the threatening security challenges in its code. The news was posted on Tuesday at 07:08 UTC to GitHub. However, the details of the terms were not disclosed immediately. The release is titled Hades Gamma (V1.10.8); it was posted to Ethereum GitHub on Tuesday at about 07:08 UTC. According to one of the posts on the release page, it didn’t disclose the details of the vectors, including their fixes. This would have allowed the dependent downstream projects and node operators to update their software and nodes. Related Reading | Bittrex Global CEO Declares Dubai Will Gain Benefit From Cryptocurrency Market Expansion A report from Ethernodes.org states that close to 75% of all the nodes on the Ethereum blockchain run Geth. Therefore, these users are advised to upgrade to Geth V.1.10.8, the updated version, immediately. Guido Vraken Discovering The Bug In Ethereum A software developer Guido Vraken announced on August 18th that he had discovered the bug. Guido Vraken is a scientist who specializes in discovering open-source software code vulnerabilities. He is also interested in scientific works, product development and validation, regulatory matters, and teaching. Guido Vraken is a graduate of the University of Ghent and a volunteer at Natuurpunt. As stated earlier in the GitHub security advisory post, Geth’s vulnerability can make a node ...

2021-09-05 22:09:29

Fantom Price Analysis: FTM breaks resistance at $1.11, will price level hold?

TL;DR Breakdown Fantom price analysis is bullish for today, +13% from yesterday’s price.Fantom broke resistance at $1.11 earlier today as bulls were in charge.The nearest support is present at $1.01 and another at 0.8 USD. Fantom has performed exceptionally well when compared to other cryptocurrencies. It has been trading with a bullish outlook jumping from $0.4 on 27th August to the current price of $1.2. This huge surge in price brought the attention of major investors and traders, resulting in a new all-time high for the coin. The trading volume for the currency is currently down by 27.71 percent. The price movement was unable to break the resistance at the $1.11 price level yesterday, although today, it was broken, and the current price of the FTM/USDT pair is at $1.2. According to our Fantom price analysis, the FTM/USDT pair can make a move for another resistance at $1.314. If the price action doesn’t fall at this point and the resistance remains broken, higher prices are possible after a cool-off period. Bitcoin price analysis for today reveals that the cryptocurrency broke a minor resistance at $50K and has found support at that price level. Continuous maintenance of the $50K level can prove to be quite beneficial for future price actions. However, the major resistance at $50.5K is unbroken. If the bulls take charge and this resistance breaks, a new all-time high can be expected. 24-hours Fantom price analy...

2021-09-05 21:09:39

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