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This is How Hackers Attempted to Attack Coinbase


U.S.-based cryptocurrency exchange and wallet provider Coinbase gave more details on the recent attempted hack, and said that they were a target of a carefully planned, sophisticated attack that utilized spear phishing/social engineering tactics and two Firefox zero-day vulnerabilities. In...

Bitcoin Could ‘Insulate Portfolios’ From Financial Risks: Case Study


A new case study from the crypto-focused major asset management firm Grayscale offered some insights on how the firm sees bitcoin as a hedge against U.S.-China trade risks. In the study, dubbed Hedging U.S.-China Trade Risk with Bitcoin, Grayscale pointed out just how significant a risk they...

Bitcoin Remains Elevated While Altcoins Take Hit


In the past three sessions, there were a couple of attempts by bitcoin price to surpass the USD 12,000 resistance level. However, there was no convincing break, but BTC/USD stayed above the USD 11,800 support level. Conversely, there were bearish moves in most major altcoins, including ethereum...

Flurry of German, South Korean, UAE Major Firms Pivot to Blockchain


Etihad Airways. A number of major international companies in Europe, the Middle East and Asia have announced they will be embarking on blockchain technology-powered business operations. In Germany, the country’s second-largest bank, Commerzbank, says it has developed a “blockchain-based payment...

S Korean Exchange to ‘Boost Restrictions’ on Deposits, Withdrawals


South Korean cryptocurrency exchanges could be set to police their customers more thoroughly, as platforms in the country look set to fall in line with regulatory pressure. Per ZDNet Korea, the Korbit exchange says it will “strengthen its restrictions on deposits and withdrawals through Fraud...

Developers Reveal Sandbox Video Game Powered by Bitcoin Cash


On August 7, developers from the team Block Hop announced a new sandbox game powered by the Bitcoin Cash (BCH) blockchain. The gaming software called Realmx is a “next-generation” game that uses blockchain technology, extensible crafted items, and online gaming to create unique...

Bitcoin Outshines Gold Amid Risk Aversion in Financial Markets


Bitcoin is outperforming gold amid heightened uncertainty in the global markets. The world’s most valuable cryptocurrency is currently trading at $11,700, representing 16 percent gains on a month-to-date basis. Meanwhile, gold, the traditional safe-haven asset, has added 6 percent this month....

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