Many Bitcoin enthusiasts have high hopes for the Lightning Network. For a technology which has been accessible for some time now, it seems there isn’t much growth to take note of. In fact, it appears things are slowly growing worse as more time progresses. This is good news by any means, yet the ship hasn’t sunk completely just yet.
Lightning Network Adoption
Embracing new technology is always difficult.
In the cryptocurrency world, there are numerous attack vectors. Users need to be aware of all potential problems at every waking moment. Dusting attacks are seemingly becoming slightly more common over the years. It is a very troublesome attack, as it can break [perceived] privacy of cryptocurrency transactions. Why anyone would organize a dusting attack, is a question which remains very difficult to answer.
A Dusting Attack is Troublesome
Over the past few years, the term dusting attack has come by quite often.
Even though Bitcoin lending was one a prominent business model, the industry seems stuck in a rut. It is a business model which is hardly ever talked about in the open. The new report from GrayChain confirms things are still looking good despite some rather troublesome figures. How this industry will evolve over the years to come, is anybody’s guess.
1 Lifetime Metrics Look Promising
2 Annual Interest Rates Aren’t Great
3 Liquidated Loans Need a Boost
4 What Comes Next for Bitcoin Lending?
Lifetime Metrics Look Promising
Numerous cryptocurrency lending platforms are active today.
Everyone can see the cryptocurrency markets aren’t heading in the right direction. Bitcoin is bleeding value once again, which automatically forces the rest of the markets to follow suit. With Ethereum dipping below $180 and Litecoin not sustaining $80, the remainder of the week looks rather bleak once again.
Bitcoin Price Stumbles Again
It would appear there is no new all-time high Bitcoin price of 2019 in sight.
Cryptocurrency scams have always been successful ever since this industry was created. Even in 2019, there are multiple successful scams which cost people a lot of good money. In Israel, one scammer successfully stole $1.7m spanning various cryptocurrencies by primarily targeting users in Western Europe.
The Israeli Crypto Scammer
It would appear Israel has become a prominent region for cryptocurrency in recent years.
Mining cryptocurrencies often requires a lot of dedicated hardware. Even where most altcoins are concerned, it is not just a matter of turning on one’s computer to make money. Interestingly enough, it seems an Apollo Guidance Computer is more than capable of mining Bitcoin. It will not yield any major profits by any means, yet it is cool to see such hardware being used for a purpose that is very different from what it was initially intended for.
A Different Spin on Bitcoin Mining
Over the course of the past few years, there have been numerous attempts to mine Bitcoin with all kinds of hardware.
The cybersecurity expert and tech entrepreneur John McAfee recently declared his willigness to work with Cuba’s government as a crypto advisor.
McAfee declared his intentions soon after Cuba’s government officials revealed their intention to develop a cryptocurrency to be used to avoid economic sanctions imposed by United States.
According to Reuters, McAfee assured that the cryptocurrency project is not only viable, but rather simple.
According to the artist who calls himself Cryptograffiti, art could be a way to help the public to understand cryptocurrencies,
The San Francisco artist displayed his work at the event Bitcoin2019 where he talked to CoinDesk about the impact of art in the cryptocurrency space and his work in South America.
Cryptocurrency users who often rely on mobile devices are prone to various potential security incidents. One recent discovery shows how millions of Android users were at risk of having to deal with PreAMo malware. This particular strain is nefarious for many different reasons, as it has the ability to bypass two-factor authentication methods linked to the infected device This is a big problem for cryptocurrency users, as most exchanges provide 2FA through SMS these days.
The PreAMo Malware Threat is Real
Every single time a new report surfaces regarding mobile device malware strains, it is ignored at first.
Cryptocurrency regulation will take a step forward during the upcoming V20 Summit where country representatives will assess the new course of legal action proposed by the international Financial Action Task Force (FATF).
FATF will release proposals on June 21 in hopes of setting new international standards for crypto businesses.
Legislators support the summit, which will also bring together national blockchain associations and the world’s leading Virtual Asset Service Providers (VASPs).
Using data collected from from Github, a study found the top 100 blockchain projects in the cryptocurrency ecosystem showed deep lack of gender diversification, with women committing only about five percent of code.
The study, conducted by journalist Corin Faife, reportedly checked over 1 million code commits in GitHub to identify participation of open-source contributors that could be identified as women.
A polish cryptocurrency exchanged called Coinroom shut down on April 2, 2019, taking multiple customer accounts worth up to $15,000. The site is currently down and there is no way to contact the founders.
“We don’t know how much they took,” said one user named Maciej. “But it is definitely a lot of cash.”
Polish news site Money.
Apple is set to launch CryptoKit, a Swift API to perform basic cryptographic operations on its upcoming iOS 13 software release. The announcement came during the tech giant’s Worldwide Developers Conference.
According to Apple, the new framework will integrate options for hashing, key generation and exchange, and encryption for developers on iOS apps.
Egypt appears to be loosening its restrictions on cryptocurrency.
A source speaking to the Middle East News Agency described a proposed bill to ban the creation, trading, or promotion of cryptocurrencies without a license. Previously Egypt banned all cryptocurrency under Islamic law.
Shawki Allam, the current Grand Mufti of Egypt, issued that ban in early 2018, stating the technology could undermine the legal system via tax evasion, money laundering, and other fraudulent activities.
The AP Stylebook, a venerable handbook for journalists, academics and other writers, has issued a guideline that should make the infosec community happy – if not cryptocurrency enthusiasts.
In short, don’t call digital money “crypto.”
The six-letter word was traditionally associated with cryptography, but in recent years has been used to refer to bitcoin and the plethora of copycats and competitors that followed it, to the chagrin of many security specialists.
Now the AP writes that cryptocurrency is:
A type of digital money that uses encryption technology to make it secure.
It has been a very interesting and entertaining day for nearly all of the cryptocurrencies, tokens, and assets. Especially Ethereum had a very good day, even though people least expected it to. The Bitcoin price, on the other hand, isn’t doing all that bad either. The push to $5,800 and higher is still in full effect.
Bitcoin Price Continues to Push Forward
A lot of people will be pleased with the way things are going on camp Bitcoin today.
As was somewhat to be expected, the current Bitcoin price momentum is not decisively heading in a specific direction as of yet. Yesterday’s dip has been negated for the most part, yet the overall unease remains. Thankfully, Bitcoin surpassed $5,700 once again, but it might not necessarily stay there for very long.
Bitcoin Price Direction Remains Uncertain
As the weekend almost draws to a close, traders are hedging their bets when it comes to cryptocurrencies, tokens, and assets.
GunBroker.com, a twenty-year-old company that sells between $600 and $900 million worth of firearms each year, has a problem. Its customers have only two reliable payment options, and they’re the same two payment options that were available to people who wanted to go see The Beatles play in 1965: cheques and money orders.
“The reason they are money order or cheque is that, in some respects, the financial industry, for political reasons and consumer liability reasons, has really moved away from providing services to the firearms industry,” said Bitrail founder Cameron Chell, who is also an architect of KodakCoin.
In the volatile world of cryptocurrency, everything stands or falls with Bitcoin. While altcoins may show some independent momentum now and then, it won’t fool experienced traders in the slightest. As of right now, the Bitcoin price is moving up ever so slightly as the $5,500 level has come into play again.
Can the Bitcoin Price Sustain the Growth?
To date, it has been a rather interesting year for Bitcoin in many different ways.
In the cryptocurrency world, there is plenty of uneasy momentum at this time. Not entirely surprising, as yesterday saw an unexpected amount of market momentum as well. Even the Bitcoin price seems uncertain as to which direction it should in. With a current value of just over $5,300, a very intriguing trend is taking place.
Bitcoin Price Momentum Remains Uncertain
The current value of Bitcoin determines the momentum for all alternative markets.
In the cryptocurrency world, surprising market momentum is not as uncommon as some may believe. While no one really expected the Bitcoin price to retrace so violently all of a sudden, a correction was on the horizon in any case. Right now, the drop to below $5,500 may seem scary, albeit it will likely end up as a blip on the chart in a few days from now.
Bitcoin Price Retraces Sharply
When the world’s leading cryptocurrency decides to take a break from its bullish trend, the altcoins are quick to drop in value as well.
With Bitcoin remaining on the bullish side of the spectrum, it is evident there is both excitement and concern. Many people hope the Bitcoin price notes a new all-time high this year, yet others fear this is yet another fake breakout. For now, the value remains above $5,600, but sustaining it is very difficult.
Bitcoin Price Uptrend Isn’t Slowing Down
Although Bitcoin’s bullish trend is causing some disruption among the alternative markets, very few people will actively care about that right now.
In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments.
According to an official announcement shared by the District Attorney’s office on April 24, 2019, Mark Sanchez and Callaway Crain have pleaded guilty to charges of money laundering through the sale of controlled substances on their website and on the dark web.
It becomes increasingly unlikely this Sunday will end on a high note for the top cryptocurrency markets. The culprit is not hard to find, as Bitcoin’s dip drags everything down with it. This drop below $5,300 is not entirely surprising over the course of the weekend, albeit it remains to be seen when the Bitcoin price will recover this time around.
Bitcoin Price Downtrend Was to be Expected
Despite a solid week of semi-bullish momentum, it seems Bitcoin has finally hit some sort of minor roadblock along the way.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...