Liquid Suffers Data Breach, Blames Hosting Provider
Cryptocurrency exchange Liquid revealed yesterday that a data breach could have led to the leaking of user data, including personal details and encrypted passwords. The Japanese exchange confirmed that an error by their web provider had led to their internal network being compromised, with the hacker gaining access to personal information that could be used in phishing attacks, although they have reassured users that their funds are under no “immediate threat”.
Coinbase exchange has emerged victorious in a case against a customer who sued them for not handing out Bitcoin Gold tokens when Bitcoin forked to create the offshoot in 2017.
Read the full article at FullyCrypto: https://fullycrypto.com/coinbase-wins-appeal-in-bitcoin-gold-case
Nigerian cryptocurrency traders are defying the recent crackdown by the country’s central bank and continuing to operate using peer-to-peer transactions. The Central Bank of Nigeria banned banks from dealing with cryptocurrency entities at the start of the month, but traders have found a way to get around the ban and continue learning how to trade in an attempt to improve their often desperate financial situation.
Read the full article at FullyCrypto: https://fullycrypto.com/nigerian-cryptocurrency-traders-defying-crackdown
Bitcoin and parabolic rises go hand in hand, and so do the corrections that follow. 80% corrections are not uncommon for Bitcoin following the kind of move we have seen since March which has taken Bitcoin from $3,800 to $16,000. History has shown us that massive rises result in massive corrections, so are we in for another dark crypto winter or is there reason to think that brighter skies lie ahead?
Read the full article at FullyCrypto: https://fullycrypto.com/is-bitcoin-on-the-verge-of-another-80-correction
Uniswap, a superior decentralized exchange (DEX) and an essential part of decentralized finance (DeFi), has licensed its third iteration. This upgrade is introduced at a time when competition among projects to improve liquidity has surged.
Read the full article at FullyCrypto: https://fullycrypto.com/uniswap-v3-will-soon-launch-on-ethereum-and-optimism
Former Prudential CEO George Ball has surprisingly come out in support of Bitcoin, calling it an investor “staple”. The 81-year-old, who is currently Chairman and CEO of wealth management firm Sanders Morris Harris, cited massive government stimulus through money printing as the reason why investors and traders were turning to the likes of Bitcoin. Ball’s comments echo the shifting tide towards Bitcoin as a hedge to the falling dollar, a tide which has grown stronger this year due to the response to the coronavirus pandemic.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-investor-staple-says-former-prudential-ceo
Chinese Bitcoin miners are having difficulty paying electricity bills due to an inability to turn Bitcoin into Chinese yuan, according to the Twitter account for Chinese cryptocurrency reporter Wu Blockchain. A crackdown by Chinese authorities on cryptocurrency exchanges, including over the counter (OTC) desks, has led to miners being unable to sell their Bitcoin and pay their bills, with 74% claiming to have been affected in some way.
Read the full article at FullyCrypto: https://fullycrypto.com/chinese-bitcoin-miners-struggling-to-pay-electricity-bills
Bitcoin and gold supporters may have it in for each other (at least some of them do), but there is no denying that they share a key function as a hedge to fiat currency inflation. Analysis of the charts shows that they also share price performance similarities, so it’s worth looking closer into the relationship to see what Bitcoin followers can learn from how gold has dealt with its own bear market.
Read the full article at FullyCrypto: https://fullycrypto.com/will-bitcoin-follow-gold-to-new-highs
DOGE has enjoyed a monstrous 1,000% pump in the last two days, largely in part to the WallStreetBets (WSB) Reddit crowd who have turned their attention to the cryptocurrency following their efforts with traditional stocks. In a turn of events that made last year’s TikTok run seem like a warm up, the WSB gang sent DOGE stratospheric as they channeled their money (and their fury at the manipulators of the institutional markets) into the cryptocurrency.
Read the full article at FullyCrypto: https://fullycrypto.com/doge-pumps-1000-as-wallstreetbets-pets-the-damn-dog
The cryptocurrency run of 2017 was driven, some argue, by the mass printing of USDT tokens which were then used to buy Bitcoin on Bitfinex. There are strong arguments against this theory, not least Tether from Bitfinex themselves, but two years later the pattern is repeating – Bitcoin is pumping while USDT minting is going through the roof. Is the Bitcoin price once again being driven by USDT’s minting machine?
Read the full article at FullyCrypto: https://fullycrypto.com/is-usdt-minting-driving-bitcoins-price-again