Wednesday, August 7, 2019

📌 The Ultimate Hedge, Hacks Funding Nukes, and the “Golden Cross” Event

 MUST READS 

Bitcoin as a Leading Global Hedge


More than a decade into its existence, Bitcoin is finally maturing into a full-blown stock market hedge amid continued trade war tensions.

At least, that's the conclusion of new research from crypto prime dealer SFOX, which indicates that Bitcoin and other major cryptocurrencies like Ethereum have developed a negative correlation with the S&P 500. This means that as the stock market bellwether index falls, the prices of the cryptocurrencies rise - and vice versa.

Here's more from the report:
  • All of these cryptoassets (BTC, ETH, BSV, LTC, BCH, ETC) were more negatively correlated with the S&P 500 than gold was
     
  • Bitcoin was the only major cryptoasset with positive month-over-month returns as of August 5th, 2019
     
  • Bitcoin dominance is at the highest level since April 2017

Report: Exchange Hacks Funded North Korean Nukes


North Korea has generated an estimated $2 billion for its weapons of mass destruction programs using "widespread and increasingly sophisticated" cyberattacks to steal from banks and cryptocurrency exchanges, according to a confidential U.N. report.
 

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How "WEED-tirement" could double your retirement fund


With all the growth in the pot industry you can bet that more than a few people are getting rich.

But a small group of over 13,000 Americans are using a special strategy to collect payouts as high as $1,529.07 per month!

It's NOT some risky penny stock or an option investing strategy. In fact, it's THE safest way to get your money into the exploding pot industry.

Click here for the full details.
 

 DEEP DIVE 

MIT-IBM AI Lab Analyzed 200,000 Bitcoin Transactions. Only 2% Were Labeled 'Illicit'


Researchers at the MIT-IBM Watson AI Lab used machine learning software to analyze 203,769 Bitcoin node transactions worth roughly $6 billion in total...

Their findings? Only 2% of the ~200,000 Bitcoin transactions in the data set were deemed illicit...
 

First Bitcoin, then Libra: Why Bitcoin Didn't Tank when Libra was Announced


When Facebook announced their digital currency, Libra, it was met with immediate resistance. But the pushback didn't come from where one might expect – the regulators. Here's why that's a GOOD thing... along with some thoughtful reminders on why BTC isn't going anywhere anytime soon.
 

Tipping with Brave


Although there's not an overwhelming amount of news to report this week, we still like to keep our pulse on some of the cooler project developments that often fly under-the-radar.

Here's the latest announcement from BAT. You can now directly tip Tweets you like with BAT through the Brave browser. So go on and tip those dedicated crypto maniacs we all love.
 

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 REGULATORY FRONT 

U.S. Lawmakers Are Realizing They Can't Ban Bitcoin


Those who have been longtime critics of Bitcoin usually have one key theory in common, which is that governments will eventually ban Bitcoin and crypto will then cease to exist in any meaningful form.

Well, here's some food for thought on why none of that is factual...
 

SEC to run Bitcoin, Ethereum, and XRP Nodes


The United States Securities and Exchanges Commission (SEC) is planning to run through contractors a bitcoin and an ethereum node, in addition to "as many as possible of the following blockchains: Bitcoin Cash, Stellar, Zcash, EOS, NEO, and XRP Ledger."
 

 TWEET OF THE WEEK 

Other Articles You May Enjoy
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What we know about Binance

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August 7, 2019
BINANCE LEAK? Crypto exchange Binance is investigating an alleged major leak of its customers’ data that may affect up to 60,000 individual users who sent KYC information to the company in 2018 and 2019. The supposed hacker supplied CoinDesk with hundreds of photographs and we’ve identified a number of users who recognize images as ones they sent to Binance for account verification. Binance says the user information does not match the data on its own system and, as such, said there’s no evidence so far to show it’s directly coming from the exchange itself. Full story

GITHUB BAN: Iranian blockchain developers are being hindered from participating in software projects after Microsoft’s GitHub started identifying and banning Iranian accounts based on U.S. trade restrictions. Behrad Khodayar, CTO of Iranian blockchain startup Behkame, told CoinDesk: “So, when it comes to developers from banned countries, this recent restriction by GitHub will have a major effect on their professional lives and whether they can join such world-class companies.” Some of these restrictions are even mistakenly applied to Iranian expats who reside in Europe or North America. Full story

WORLD FIRST: Seychelles’ only stock exchange has just listed a tokenized security for trading, becoming the first in the world to do so. The exchange, MERJ, is licensed by the nation’s Financial Services Authority and is launching the token to represent its own equity. Revealed exclusively to CoinDesk, MERJ said it will follow the listing by offering 16 percent of the tokenized shares in a public offering later in 2019. It’s also in discussions with “several companies” over potentially listing their tokenized shares on its platform. Full story

PLAYING DIRTY? Kik claims the U.S. Securities and Exchange Commission (SEC) manipulated facts and took comments out of context in the regulator’s lawsuit against the startup over its 2017 token sale. In a 130-page filing Wednesday, Kik laid out a paragraph-by-paragraph rebuttal of the SEC’s arguments and flatly denied the core allegation that the company had conducted an unregistered securities offering. CEO Ted Livingston told CoinDesk the SEC was “playing dirty” in its June complaint by trying to “simply make [Kik] look bad.” Full story

INVESTMENT SPAT: The debate over bitcoin’s role as a “safe haven” asset hit mainstream media on Tuesday. Speaking with CNBC on Tuesday, businessman and co-host of NBC’s “Shark Tank” Kevin O’Leary and Morgan Creek Digital’s Anthony “Pomp” Pompliano took opposing sides in the conversation. Pomp said over half of his net worth now resides in the world’s largest cryptocurrency by total value. O’Leary said he shouldn’t stake more than 5–20 percent in a single sector, adding: “I teach this stuff! ... That’s nuts!” Full story
BULL TARGET: Bitcoin has risen back to $12,000 after a sharp drop around midnight UTC, but prices need to print a close above the psychological hurdle this Sunday to revive the stalled bull run and open the doors to $15,000. A strong rejection above $12,000 similar to those seen in the last week of June and second week of July could prove costly. Full story
TRANSPARENCY BOOST: Since launching a blockchain-based invoicing system roughly a year ago, the Chinese city of Shenzhen has issued around 6 million invoices, according to the city’s tax office. As reported by state-run news agency Xinhua, 44,000 invoices are now issued daily, on average, and are worth around 3.9 billion yuan ($554 million) for transactions across 113 business sectors. More than 5,300 companies in Shenzhen have signed up to use the blockchain system, which was set up to avoid the common problem of fake invoices and tax evasion.

WHO WON #CRYPTOTWITTER

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Золотая Пчелка

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Cops 'prying open' protestors eyes to unlock iphones

Why smartphones' "cop mode" might not keep cops out for much longer.
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