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    Cybersec Firm Bullish on Bitcoin, Converts Liquid Assets to Crypto

    Security and intelligence firm Octagon Networks started its week by allegedly becoming the first cybersecurity company to convert all of its liquid assets and balance sheets into Bitcoin.According to Octagon, it will also start accepting bitcoin payments for all its services. Furthermore, Octagon offerings that will be paid in bitcoin will have a 50% discount.Paulos Yibelo, a former managing partner at Octagon, said that Bitcoin helped the company expand its work across other countries.Yibelo added that Octagon’s Bitcoin adoption will aid in opening a discussion on the “bureaucracy involved with acquiring international customers and talent.” Interestingly, the ex-managing partner revealed that Octagon’s implementation model is inspired by the applications of MicroStrategy, Inc.Notably, MicroStrategy went under as Bitcoin crashed during the market tumble three weeks ago. For over two years, the company owned by Bitcoin whale Michael Saylor had been going all in on crypto.Aside from Microstrategy (NASDAQ:MSTR) and Octagon Networks, Tesla (NASDAQ:TSLA) has also swapped billions of dollars in bitcoin. Some experts believe that other huge corporations will follow suit and add Bitcoin to their treasury. “This trend will take a while to get underway,” said crypto influencer Anthony Pompliano. “But it is the natural progression in adoption.”In other news, Magic Eden, a Solana-based NFT marketplace, has surpassed OpenSea in transaction volume. Magic Eden recorded over 500,000 transactions in the past day, dominating OpenSea’s 68,000, according to data from DappRadar.Continue reading on CoinQuora More

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    XRP Price: Matt Hamilton Accuses Watcher Guru of Twisting Words

    Former Ripple Developer Matt Hamilton has accused Watcher Guru, the crypto news outlet, of twisting his words. “No,” he says in the retaliatory post, “I literally stated I do not make price predictions in the very tweet they are talking about.”Hamilton also points to the fact that Watcher Guru does not link to the tweet in which he makes this statement, as then people would see that he didn’t make the price prediction as reported.The crypto leader claims Watcher Guru twisted his words when they wrote “Ex-Ripple Developer Matt Hamilton predicts $XRP will hit $100 “at some point.”In the initial conversation that Matt Hamilton was a part of, a few Twitter (NYSE:TWTR) users were engaged in a heated argument about the legitimacy of XRP. One user called another a scammer for promoting XRP. “XRP is literally a worthless entry on a centralized database,” said one of the confrontational accounts. This is when Matt Hamilton joined the conversation.“What makes you think the XRP Ledger is a centralized database? You know how blockchains work, right? I don’t make price predictions. But I don’t see why XRP couldn’t hit $100 at some point. Just [a] question of time. If you said in 2009 that Bitcoin would hit $60k, you’d be laughed,” read Hamilton’s reply.However, Watcher Guru isn’t the only media outlet that leaped at the chance to make a headline. Several other news agencies and private blogs ran with similar clickbait headlines as well. Notably, even following Hamilton’s response tweet, Watcher Guru has neither responded nor taken down the inflammatory tweet.Matt Hamilton is currently Director of Developer Relations at Bittensor and was Ripple’s Director of Developer Relations from February 2021 and September 2021.Continue reading on CoinQuora More

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    BAYC Servers Experience Another Attack: NFTs Worth 200ETH Phished

    In yet another breach, the famous ape-themed non-fungible (NFT) collectibles Bored Ape Yacht Club’s (BAYC) Discord servers were hacked over the last weekend, resulting in a loss of 32 BAYC NFTs worth 200 ETH ($381,280 at the time of writing).This attack comes only a month after the BAYC Discord community suffered a massive loss through a social media hack on their official server. Yuga Labs addressed the hack on their official Twitter (NYSE:TWTR) account.Yuga Labs’ community manager, Boris Vagner confirmed that his Discord account was hacked and the cybercriminals posted phishing links via his account to OtherSide’s channels and on the NFT fantasy football club Spoiled Banana Society’s Discord account.A member of the Crypto Twitter Community and a blockchain detective, with the Twitter name OKHotShot, alerted investors about the hack of 2 official Discord groups that were linked to BAYC and OtherSide.Earlier this year, BAYC experienced two similar attacks in an interval of a few weeks. The first one was when the website was attacked with malware allowing the hackers to steal customers’ personal information and crypto wallets from their phones. This hack phished around 286 ETH ($790,000).The following attack was when the hackers managed to access Discord’s official account that hosted members of Yuga Labs’ 3 NFT collections — Mutant Ape Yacht Club, Mutant Ape Kennel Club, and Bored Ape Yacht Club.Although Discord is the most preferred choice for NFT community builders, it also invites a multitude of security breaches. However, BAYC remains one of the most thriving collections since it hosts the greatest land sales to date.As the BAYC collections continue to expand, security needs a serious upgrade. It might be high time for the community to move away from Discord onto their own platform permanently.Continue reading on CoinQuora More

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    Angry UK lawmakers trigger confidence vote in PM Johnson

    LONDON (Reuters) -Prime Minister Boris Johnson faced a confidence vote on Monday after a growing number of lawmakers in his Conservative Party questioned the British leader’s authority over what has been dubbed the “partygate” scandal.Johnson, who scored a sweeping election victory in 2019, has been under growing pressure after he and staff held alcohol-fuelled parties at the heart of power when Britain was under strict lockdowns to tackle the spread of COVID-19.Underlining the depth of anger, he was met with a chorus of jeers and boos – and some muted cheers – at events to celebrate the Platinum Jubilee of Queen Elizabeth in recent days.On Monday, the once seemingly unassailable Johnson was also lambasted by ally Jesse Norman, a former junior minister who said the 57-year-old prime minister staying in power insulted both the electorate and the party.”You have presided over a culture of casual law-breaking at 10 Downing Street in relation to COVID,” he said, adding the government had “a large majority, but no long-term plan”. Norman is one of a growing number of Conservative lawmakers to publicly say that Johnson has lost his authority to govern Britain, which is facing rising prices, the risk of recession and strike-inflicted travel chaos in the capital London.Jeremy Hunt, a former health minister who ran against Johnson for the leadership in 2019, said the party knew it was failing the country. “Today’s decision is change or lose,” he said. “I will be voting for change.”Johnson’s anti-corruption chief John Penrose resigned. “I think it’s over. It feels now like a question of when not if,” he told Sky News.A majority of the 359 Conservative lawmakers – at least 180 – would have to vote against Johnson for him to be removed – a level some Conservatives say might be difficult to reach, given the lack of an obvious successor.If passed, there would then be a leadership contest to decide his replacement, which could take several weeks.DRAWING A LINE? Graham Brady, chairman of the 1922 Committee that represents rank-and-file Conservative lawmakers, said a vote would be held between 6 p.m. and 8 p.m. (1700-1900 GMT) and the result would be announced later on Monday.A spokesperson for Johnson’s Downing Street office said the vote would “allow the government to draw a line and move on”.”The PM welcomes the opportunity to make his case to MPs (members of parliament) and will remind them that when they’re united and focused on the issues that matter to voters there is no more formidable political force.”Johnson, a former London mayor, rose to power at Westminster as the face of the Brexit campaign in a 2016 referendum, and took a hardline stance once in power.Jacob Rees-Mogg, Brexit opportunities minister, told Sky News that completing Britain’s departure from the European Union would be “significantly at risk without his drive and energy”.Johnson has locked horns with Brussels over Northern Ireland, raising the prospect of more barriers for British trade and alarming leaders in Ireland, Europe and the United States about risks to the province’s 1998 peace deal.OUTCOME UNCERTAINMinisters have also been at pains to point out what they describe as the highpoints of Johnson’s administration – saying Britain’s quick rollout of COVID-19 vaccinations and its response to Russia’s invasion of Ukraine proved the prime minister could take the “big decisions”.”I am backing him today and will continue to back him as we focus on growing the economy, tackling the cost of living and clearing the COVID backlogs,” finance minister Rishi Sunak said on Twitter (NYSE:TWTR) in a choreographed expression of support.In letters sent out to Conservative lawmakers, Johnson also made the same point, urging them to support him.Johnson, or his possible successor, face a raft of problems. British households are confronted by the biggest cost-of-living squeeze since records began in the 1950s, with food and fuel prices surging while wages lag.For some Conservatives, Johnson is guilty of squandering a large majority, unable or unwilling to set the agenda after becoming hamstrung by scandals.But others expect him to survive the vote, and although wounded, he could reset his administration and focus on what one party veteran described as “sounding and acting like a Conservative”.For those hopeful of replacing him, bookmaker Ladbrokes (LON:LCL) put Hunt, a former health and foreign minister, as its favourite, followed by foreign minister Liz Truss.For many in Britain, the revelations of what went on in Downing Street, including fights and alcohol-induced vomiting, when many people were prevented from saying goodbye to loved ones at funerals, were difficult to stomach. Mel Chetwood, a 61-year-old archivist, said the sight of Johnson being booed by a royal-supporting audience was key. “I thought that was so telling,” Chetwood said. “That felt like a turning point to me.” More

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    Shiba Inu Holder Mints an NFT in Commemoration of Ryoshi’s Vision for SHIB

    Thoughts on SHIB and the Outlook for ShibariumThe mysterious Ryoshi laid out his vision for the upcoming Shibarium in a blog post made on Medium, though it has now been deleted. The situation has left a SHIB’s holders wondering where they can find those key outlines. One member of the community, Cionny.eth, has solved the issue by minting an NFT of Ryoshi’s ‘I AM RYOSHI’ post on the Ethereum (ETH) blockchain. Cionny explained the motive behind the move in the following statement: “Decentralization. No one should be able to take down its vision.. Not even RYOSHI himself”. The constitutional NFT is available on OpenSea.An Attempt to Immortalize the Founder’s IdeasCionny later clarified that the Ryoshi NFT will serve as a “legacy to the new SHIB generation” and will “live immutable in the blockchain, not for sale nor manipulation”. Indeed, there have been plenty of attempts in the past to make money by minting NFTs of influential tweets, notable examples being Fyre Festival’s cheese sandwich, and Jack Dorsey’s first tweet, to name a few. In conclusion, as Ryoshi said: “I have given you the gift of yourself. It is the process of self actualization realized through the playing field of blockchain”. This should serve as food for thought for many SHIB holders who are still not sure what to make of the disappearance of the mysterious Ryoshi.Continue reading on DailyCoin More

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    XRP Price Analysis: What to Expect in the Next 48 Hours

    Ripple is a technology that has both a cryptocurrency (XRP) and a digital payment network for financial transactions. Co-founders Chris Larsen and Jed McCaleb first released it in 2012. Ripple’s main process is a payment settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen dealing across currencies.The token used for the cryptocurrency is pre-mined and utilizes the ticker symbol XRP. Ripple is the name of the company and the network, and XRP is the cryptocurrency token. The purpose of XRP is to serve as an intermediate mechanism of exchange between two currencies or networks – as a sort of temporary settlement layer.According to the GB Market Analysis Software, the price of XRP will drop in the next 48 hours in the date range (2022-06-06, 02:00:00 GMT + 2 – 2022-06-08, 02:00:00 GMT + 2). A confirmation of the signal playing out will be when the price of XRP hits $0.388787. This is also the identified price entry for the trade.The current support levels for XRP/USDT are $0.390133 (first support level), $0.384747 (second support level), and $0.380053 (third support level). Meanwhile, the current resistance levels for XRP/USDT are $0.400213 (first resistance level), $0.404907 (second resistance level), and $0.410293 (third resistance level).XRP Price: Current Market StandingXRP is ranked number 7 in terms of the biggest cryptocurrency by market cap, according to CoinMarketCap, and experienced a 24-hour gain of 2.99% to take its price up to $0.4037. This also puts its total market cap at $19,520,458,277.Ripple has been in an ongoing lawsuit with the Securities and Exchange Commission (SEC) that seems to have turned in its favor. The final verdict for the lawsuit is expected to be delivered towards the end of this year.In addition, Ripple’s CEO, Brad Garlinghouse, has hinted at future expansions for the project. It is believed that the expansion drive will include several strategic acquisitions and mergers.XRP Price: Technical OverviewRSI sloped positively for XRP (Source: CoinMarketCap)Looking at the daily chart for XRP/USDT, the price of XRP is currently attempting to retest the 9 EMA line, which is one of the levels that have acted as a resistance for XRP. The other level is the 20 EMA line.The previous break above the 9 EMA line only lasted 2-3 days for XRP as its price was brought back down below the level towards the start of this month.Another key indicator to look at is the Relative Strength Index (RSI) and its position relative to the RSI SMA line. The RSI line has risen above the RSI SMA line and maintains this position, which is a bullish sign. However, there is yet to be a clear break away from the RSI SMA line. The RSI line is positively sloped, but so is the RSI SMA line.XRP’s price has risen above the first and second resistance levels identified by the GB Market Analysis Software and may make its way to the midpoint of the range from $0.404907 to $0.410293. However, a 20 EMA test may see the price of XRP fall.Considering the signal given by the GB Market Analysis Software, as well as several other factors such as XRP’s price looking to challenge the 20 EMA line and no clear break away by the RSI from the RSI SMA line, we could see the price of XRP drop.Once again, the signal confirmation will be the price of XRP reaching $0.388787 – a level between the first and second support levels identified by the software.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.Continue reading on CoinQuora More

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    European shares and US futures rise as China eases Covid restrictions

    European shares and US stock futures rose on Monday after China loosened some Covid-19 restrictions, soothing markets that have been unsettled by concerns over global central bank rate rises to tackle persistently high inflation. The Stoxx Europe 600 share index added 0.9 per cent, but remained almost 9 per cent lower year to date because of the economic impact of Russia’s invasion of Ukraine and soaring consumer prices. London’s FTSE 100 added 1.2 per cent, with energy stocks rising after Saudi Arabia raised oil prices for Asian buyers. Germany’s Xetra Dax gained 1 per cent. Futures trading implied Wall Street’s S&P 500 would add 1.1 per cent at the New York open, after the blue-chip stock index fell for eight of the last nine weeks. Contracts tracking the technology-heavy Nasdaq 100 added 1.5 per cent.The S&P is down almost 14 per cent so far this year while the Nasdaq Composite has dropped 23 per cent, after inflation hit consumer-facing businesses and spurred the Federal Reserve to signal aggressive rate rises, along with plans to drain liquidity from the financial system via quantitative tightening. The market mood brightened on Monday, however, after Chinese state media said public transport and restaurant dining would reopen in Beijing, sparking hopes of an end to draconian lockdowns that have slowed the world’s second-largest economy and strained global supply chains. A contraction of China’s services sector also eased in May, a closely watched business activity survey showed on Monday. “For China to come out of [lockdowns]will make a big difference,” said Neil Birrell, chief investment officer at Premier Miton Investors. “It will also help stimulate global trade. “But in my view I don’t think we’ve hit the bottom” of the stock market downturn, he added. Data on Friday are expected to show that US inflation hit 8.3 per cent in May on an annual basis, according to a Reuters poll, in line with the previous month’s reading. But last week’s strong jobs data suggested “the Fed will continue to act,” by raising interest rates, Birrell said. The Fed’s main funds rate stands at 0.75 per cent, with money markets predicting a rise to 2.8 per cent by the end of the year. In currency markets, sterling gained 0.6 per cent against the dollar to less than $1.26 ahead of UK prime minister Boris Johnson facing a vote of no confidence in his leadership on Monday. The euro added 0.1 per cent to more than $1.07 ahead of this week’s European Central Bank meeting. The bank is widely expected to signal a plan to lift its main deposit rate, currently at minus 0.5 per cent, by a quarter point in July and return to positive borrowing costs in the eurozone by September. Italian government bonds firmed after the Financial Times reported the ECB would prop up weaker eurozone nations’ debt markets if they were hit by a sell-off driven by concerns about funding costs. The yield on Italy’s 10-year bond dropped 0.05 percentage points to 3.36 per cent as the price of the debt rose. This came after the gap between Italy and Germany’s 10-year bond yields — benchmarks for borrowing rates in the two nations — rose last week to its highest since early 2020. In Asia, mainland China’s CSI 300 share index added 1.9 per cent and Hong Kong’s Hang Seng rose 2.7 per cent. More