BTC Investors Bullish Even as Bitcoin Price Is Below $10K — On-Chain Data

Since recovering from this week’s drop to $8,900, Bitcoin (BTC) price has struggled to gain above $9,600 and this level needs to flip from resistance to support before further upside can occur.  The largest digital-asset on CoinMarketCap has been gradually decoupling from stocks but some short-term correlation to traditional markets remains. This was observed on June 15 when BTC dropped below the $9,000 mark amid some heavy losses in the futures stock market. Some investors and analysts worry that Bitcoin’s correlation to the stock market may break the use case…

Zoom Will Offer End-to-End Encryption to All Users

On June 17, the popular video conference app, Zoom, officially announced that end-to-end encryption, or E2EE, has finally arrived for their software. It will be provided to both free and paid users, so long as their account has passed the company’s verification process. According to the announcement, during the beta phase that will start from July, users should verify their phone numbers via a text message. The aim of this step is to prevent the mass creation of abusive accounts. Zoom commented: “We are confident that by implementing risk-based authentication,…

77% Of Bitcoin Volume Is Generated by Boomers For This Bitcoin Broker

The demand from baby boomers is generating most of the growth for San Franciscan Bitcoin (BTC) broker, River Financial. Paul Tudor Jones effect Most surveys conclude that younger generations are more reciprocal to Bitcoin, making this data seem counterintuitive. The company’s co-founder and CEO, Alex Leishman, told Bloomberg that Bitcoin is becoming more mainstream and many investors are following in the footsteps of Paul Tudor Jones. Older generations have all the money Many analysts have noted this year that the institutional interest in Bitcoin is on the rise, with Grayscale…

Binance CEO CZ Explains Why He Disabled Twitter Comments

Known for his social media-involved leadership of crypto exchange giant Binance, CEO Changpeng Zhao, or CZ, said he disabled Twitter comments on his posts to weed out the scammers.  “To better respond and engage,” CZ told Cointelegraph he partially disabled the ability for the public to comment on his tweets. “This is a new feature from Twitter,” CZ said on June 11. “It seems it’s only rolled out to a small percentage of people.” Social media holds crucial in crypto As an industry based primarily on digital technologies, much of the…

‘We Need to Understand It First and Best’ — But Is He Too Late?

In a hearing on June 17 before the House Committee on Financial Services, Chairman of the Federal Reserve Jerome Powell got into an exchange with Representative Tom Emmer (R-MN) over the subject of a central bank digital currency.  Is there any progress on the digital dollar? Emmer asked “What substantive recent actions has the Fed taken to understand and experiment with this technology?”  Powell said the Fed needed to be on top of the issue, but did not actually mention any actions of substance at all: “We owe it to…

Civic to Launch Vaccination-Proofing Tool on Apple & Google App Stores

Civic Technologies, a San Francisco-based innovator in digital identity solutions, announced on June 16 that its Civic Wallet is now available in the App Store and Google Play.  Civic Wallet has also formed a partnership with Circle Medical, a San Francisco hospital. Together, they will act as a Covid-19 vaccination-proofing tool for Circle Medical’s employees.  Five hundred Circle Medical employees will be able to test for Covid-19 at a Circle Medical testing site located in the San Francisco Bay Area. They state that new locations will be added in the…

Mysterious ETH 2.0 Staking Solution Author Claims No Pursuit of Glory

An anonymous blockchain industry participant going by the name heyheeyheeey recently dropped an Ethereum 2.0 (ETH 2.0) staking solution on Medium in Satoshi-like fashion. The pseudonymous character did not do it for the fame, according to his recent comments to Cointelegraph.  “The only thing that I’d like to clarify is that I wasn’t paid, but I wasn’t looking to get paid either,” heyheeyheeey told Cointelegraph staff in a message. “For me it’s a portfolio piece,” they said, adding, “Unsolicited designs are very common in UX/UI design.” The person’s solution aims…

Well-Known Ransomware Gang Strikes Three Companies in the US and Canada

Ransomware group REvil has launched another series of attacks targeting three companies in the U.S. and Canada. As of press time, they have leaked data from two of the companies, and threatened to disclose sensitive data from the third. The companies are well-known Canadian accounting firm, Goodman Mintz LLP, licensed real estate broker Strategic Sites LLC, and ZEGG Hotels & Store, a duty-free store. First target of the week: an accounting company The gang kicked-off the week by leaking sensitive data from the Canada-based accounting company, Goodman Mintz LLP. The…

Number of Ripple Whales Spikes to New All-Time High as XRP Eyes $0.20

Ripple’s XRP stole the spotlight of the cryptocurrency market after the former chairman of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo affirmed that it does not qualify as a security. Instead, the so-called “Crypto Dad” argues that the cross-border remittances token can be considered a currency like any other sovereign currency. “Ultimately, under a fair application of the Howey test and the SEC’s presently expanding analysis, XRP should not be regulated as a security, but instead considered a currency or a medium of exchange. The increased adoption of…