Cryptocurrency and Safety Money, Bitcoin Vault Breaks Stereotypes

Cryptocurrency theft has boomed over the past couple of years and this is no hoax. Over USD 1.40 billion was stolen in the first five months of 2020. If thefts continue to rise at this rate, 2020 may well become the second-costliest year in the history of crypto – lagging slightly behind last year’s record of USD 4.5 billion. Hackers Continue To Outpace Defenders According to CipherTrace, although cryptocurrency developers, wallets, and exchanges are working hard on strengthening their defenses, hackers continue to outpace them with their innovative tricks and…

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$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit

Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin. An apparent error or malicious attack to the Dai-dollar-peg data supplied by the Coinbase oracle pushed the price of the stablecoin to about $1.30 – a premium of 30% – leaving some users on Compound under-collateralized. Compound gets its pricing data from Coinbase Pro. Now, once this happened, and based on the built-in protocol rules,…

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Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies

The popular Youtuber Andrei Jikh published a video this week to his 978,000 Youtube subscribers explaining that he invested over $100,000 into crypto assets. Jikh details why he spent the funds on digital assets and he plans to share his investment experience in another video. Andrei Jikh is a popular Youtuber with close to a million subscribers to-date, and his channel concentrates on personal finance, the stock market, and investing. Usually, his videos cover traditional investment assets like stocks, but during his latest video published on November 20, he discussed…

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Spending Sats: A Look at This Year’s Bitcoin Black Friday Deals

Every year the shopping holiday called Black Friday allows consumers to get better deals on products and services. On November 24, the day also known as ‘Bitcoin Black Friday’ will provide crypto users access to deals when they purchase items with digital assets like bitcoin. Due to the fact that bitcoin prices have been on a tear this year, the Bitcoin Black Friday holiday madness is in full swing. Bitcoin Black Friday is back and there are all kinds of deals strewn across the worldwide web. During the crypto winter…

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Ideaology’s IEO Ushers the Launch of Blockchain Platform for Innovators

PRESS RELEASE. DUBAI, UAE – Ideaology is proud to announce its IDEA token pre-sale on December 1, 2020. The pre-sale event is an initial exchange offering (IEO) on P2PB2B exchange. Users will have a chance to purchase IDEA tokens with a 22% discount before the IDEA token public sale. Ideaology aims to be the “Biggest Blockchain Ecosystem in 2021 and beyond”. Along with the pre-sale launch, Ideaology’s Active IDEA platform will go live on December 1, 2021 as well. The very existence of Ideaology is a testament to how the…

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Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin

Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect its price to drop to levels seen in March when it crashed to under $4,000. Instead, he asserts that “bitcoin prices shouldn’t fall below $12,000 in this current cycle.” Evidence of a Supporting Bitcoin Price According to a report, the…

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Market Update: Crypto Prices Drop Fast, Bitcoin Loses $2K, Correction Considered Healthy

The price of bitcoin and a great number of digital assets plunged in value during the early morning trading sessions on November 26, 2020. Bitcoin’s price dropped from a high of $19,319 on Wednesday evening only to lose over $2,000 during the course of the morning hours (EST) on Thursday morning. Cryptocurrency markets have shed enormous value on Thursday, November 26, 2020. The entire market cap of all 7,700+ digital assets has lost over 5% in value and rests just below the $500 billion mark. ($498B) BTC prices touched a…

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Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate

A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed exchange rate of $1:380 is robbing recipients 20-30% of their remittance value each time they retrieve funds. At the time of writing, the parallel exchange rate of one dollar to the Naira is 1:480, according to Abokifx. Similarly, importers that are hamstrung by the country’s rigid foreign exchange regulations, are…

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ZK International Subsidiary xSigma Introduces New Defi Project

PRESS RELEASE. xSigma Corporation, a wholly owned subsidiary of ZK International Group (NASDAQ:ZKIN), was launched in 2018 as a blockchain research and development lab to solve real-world infrastructure challenges. After two years of intensive research into smart contracts and other blockchain-based solutions, xSigma shifted its focus to decentralized finance, or defi, in an effort to bring unfettered open-source finance to individuals and businesses worldwide. XSigma’s foray decentralized finance has come at an opportune time in the market’s evolution. Although defi burst onto the scene in 2020, it quickly became the…

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Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note

On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and participate directly in the performance of bitcoin without actually purchasing the crypto asset. There’s a new bitcoin (BTC) exchange-traded note available on the exchange Deutsche Böerse Xetra, a marketplace for the trading of shares and…

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