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Bad Crypto News of the Week

Maybe it’s time to start talking about boring Bitcoin. The dollar price has moved barely half a percentage point over the last week, remaining around the $9,200 mark. Bitcoin’s holders, though, don’t expect the coin to remain a boring store of value forever. A survey by Bitcoin IRA found that 42 percent of the crypto custodian’s customers expect the price to reach $15,000 by the end of the year. Even that might not prompt sales though. Some 57 percent said they were holding for the long term. Those optimists might…

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Hodler’s Digest, June 29–July 5

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bored with Bitcoin? This price level is key for a big breakout It has been a sleepy week in the crypto markets — and there’s barely been any movement in Bitcoin. At the time of writing, BTC is down 0.75% compared with where it was…

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Philippine SEC Warns Against Crypto Schemes

The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1. The Philippine SEC warned those who were involved in crypto schemes could face a fine or 21 years of imprisonment or both. It explained that: “A maximum fine of P5 million or imprisonment of 21 years or both await those who act as salesmen, brokers, dealers or agents of entities engaged in unauthorized investment schemes[…] The Bayanihan to Heal…

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Renowned Cryptographer Says His Patent Was an Obstacle for Hal Finney

Tatsuaki Okamoto explains why his “electronic cash” patent might have presented an obstacle to Hal Finney in his ambition to create his own electronic currency. Six key patents Sometime before Dec. 6, 2004, Hal Finney did a search in a patent database on “blind-signature based cash systems”. On his site he posted a list of six such patents: “This might be useful for those considering implementing electronic cash.” Four of the patents are authored by David Chaum, the other two by Okamoto and his colleague at Nippon Telegraph Kazuo Ohta….

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UNICEF Crypto Fund to Invest $100K in Humanitarian Blockchain Projects

Over the past four years, the United Nations International Children’s Fund has been investing in startups applying open-source technology, hoping to make the world a better place, but is looking to step up its game even further now. Cecilia Chapiro, an investment advisor at UNICEF Ventures, told Cointelegraph that UNICEF had launched its innovation fund in 2016 with the goal to support emerging technologies being built in developing countries. Since then, UNICEF has invested in over 50 startups across 35 countries. “We invest in technologies that have the potential to…

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DeFi Offers Potential Investment Opportunities said HyperChain Capital

Decentralized finance, or DeFi, offers potential growth opportunities said the chief executive of digital assets management company HyperChain Capital. HyperChain CEO Stelian Balta said DeFi “has a huge opportunity to grow” and that digital currencies and blockchains are something the company continues to look on with interest.  “I believe DeFi space has a huge opportunity to grow and one of the leaders in DeFi space, Kyber Network, just crossed $1 billion dollars in trading volume and project market cap is worth more than $300 million dollars, which I think is…

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Casa Releases Results on Server Implementation Test

Crypto custody firm Casa released results from its test to find a new way to connect to the Bitcoin network and found ElectrumX had the best bang for the buck. Casa founder and cypherpunk Jameson Lopp noted the custody firm recently rewrote its backend infrastructure to support Electrum based on the tests. The company chose three different server implementations for the test: ElectrumX, Electra and Esplora Electrs. It discounted three other servers, Electrum-Server, Electrum Personal Server and Bitcoin Wallet Tracker as they felt these were not designed for high performance….

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Dalio Says Capital Markets Are ‘Not Free‘ as Central Banks Drive Economy

Ray Dalio, the billionaire hedge fund manager and founder and chief investment officer of Bridgewater Associates, believes capital markets are no longer free. Speaking to Bloomberg, Dalio said markets have changed a lot so central banks like the Federal Reserve no longer act within the confines of the traditional economic system. “There are markets that are driven by central banks not only their actions but their desire to be an owner of those assets. Their priorities about that ownership when they buy and when they sell are not the same…

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Open Source Money on Discovery Science

The concept of Vision Tree’s “Open Source Money” series was always an intriguing one. A documentary-cum-reality TV show following the trials and tribulations of Disney-incubated Dragonchain (DRGN) as it attempts to negotiate a path through the perilous waters of United States Securities and Exchange Commission (SEC) scrutiny. With the premiere now upon us, 10 a.m. Eastern time July 4 on Discovery Science, Cointelegraph has managed to get a sneak preview of the first two episodes. So… is it any good? Dragonchain vs. the SEC Getting the obvious concerns out of…

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The Most Malicious Ransomwares Demanding Crypto to Watch Out For

As interconnectivity turns the world into a global village, cyberattacks are expectedly on the rise. According to reports, the tail end of last year saw a spike in the average amount of payments made to ransomware attackers, as several organizations were forced to pay millions of dollars to have their files released by malware attackers. Apart from the fact that the current pandemic has left many individuals and corporations vulnerable to attacks, the notion that cryptocurrencies are an anonymous and untraceable payment method has led many ransomware attackers to demand…

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