Ghost Coin to be Deployed as Payment for Hong Kong Vending Machines

Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland. Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland.  “When we 1st launched $GHOST our vision was not only to focus on #Privacy but also on real user adoption,” Ghost said on Twitter.  The privacy coin and distributed exchange went live last week amid the ongoing controversy surrounding…

The Signal That Marked Bitcoin’s 2019 and 2020 Highs Has Yet to Flash

There are many analysts saying that Bitcoin looks like it’s at a medium-term high. As reported by NewsBTC previously, a trader said that the cryptocurrency is trading in a textbook “distribution” pattern. Referencing the chart below, the trader said: “A couple more clues developing that lend themselves to HTF distribution. 1. Rising Demand on the verge of failing. 2. Side by side, ascent vs descent with selling the dominant pressure from volume. We break to the downside, I’m not interested in $7ks. Much lower.” Bitcoin distribution analysis shared by trader…

Massive Cyberattack on Australia Uses Cryptojacking Exploits

The Australian Cyber Security Centre said a group of “state actors” hacked Australian networks on June 19 and one of the vulnerabilities they exploited is related to cryptojacking malware attacks.  According to the 48-page report released on June 24, the threat actors exploited four critical vulnerabilities in Telerik UI, including CVE-2019-18935, which was recently leveraged by the Blue Mockingbird malware gang to infect thousands of systems with XMRRig, a Monero (XMR) mining software. Vulnerability mostly used for cryptojacking purposes Although the advisory didn’t say if hackers could have installed cryptojacking…

Blockchain Can Provide the Right to Privacy That Everyone Deserves

Contrary to popular belief, privacy is not for those with something to hide but with everything to lose. Authoritarian governments across the globe are increasingly using surveillance to control their citizens at the expense of personal freedoms and civil liberties. The privacy of one’s financial transactions is intricately linked to one’s personal liberty. Without privacy (and financial means), true freedom is at risk. We are rendered powerless to resist oppression. The promise of cryptocurrency is that it is uncensorable and unseizable money for the people. But Bitcoin (BTC), which was…

New Bitcoin Price Model Suggests ‘Exponential’ Bull Run in One Month

Earlier this week on-chain analyst Willy Woo released a new price model for Bitcoin (BTC). The model identifies the start of exponential Bitcoin bull runs based on historical data. According to the model, Bitcoin may be just one month away from an official bull market. Will a BTC bull market begin in July? The price of Bitcoin was hovering around $10,000 in February before the coronavirus pandemic led to the U.S. stock market to correct sharply. At that time, analysts expected BTC to pull back as the price had also…

Innovation Grant Worth $15 Million to Encourage Asian Blockchain Startups

Building Cities Beyond (BCB) Blockchain, a Singapore based tech solution company for smart cities, has launched an innovation grant, worth $15 million, to encourage development on its ecosystem, according to Fintech News Singapore. This innovation grant comes as the company announced partnerships with leading accelerators in Asia to incubate selected projects. Targeting Asian projects The BCB Innovation Grant is said to target up to 1,000 projects within Asia. The $15 million grant will cater to technology startups in the region, with grant participants also gaining access to BCB workshops and…

BTC, ETH, BCH, XLM, LINK

Coronavirus cases across the globe topped 10 million today and the number of new cases in the U.S. has risen to new records in the past few days. This has put the economic revival in jeopardy as equities markets could face selling pressure. Meanwhile, safe haven assets like gold continue to perform well.  Crypto market data daily view. Source: Coin360 Earlier this week Bloomberg analyst Mike McGlone said that the drop in Bitcoin’s (BTC) volatility has resulted in tightening of the Bollinger Bands, a popular technical analysis indicator used by…

Tezos Likely Avoiding SEC Action With $25M Class-Action Lawsuit Settlement

The Tezos (XTZ) class-action lawsuit from law firm Block & Leviton will likely conclude in a $25-million settlement on August 27. Tezos, like many initial coin offerings (ICO) from 2017, has come under scrutiny from both investors and regulators alike alleging that its token sale constituted an illegal offering of securities. Indeed, the U.S. Securities and Exchange Commission (SEC) has come down hard on numerous 2017-era ICOs demanding penalties for securities violation. Even distributions to non-U.S. citizens have also come under the SEC’s radar, as was the case with Telegram. The…

Crypto Derivatives Might Drive a New Cycle of Mass Adoption

Like every maturing industry, the cryptocurrency market is experiencing extensive developments on many fronts. The potential continues growing every year — from the emergence of initial coin offerings, the first blockchain-based projects and speculation on Bitcoin’s (BTC) price to decentralized finance and central bank digital currencies. Crypto has never run out of hot topics. Now, in 2020, the crypto asset field is no longer regarded as just another “dot-com bubble.” The subject is gaining more traction over the globe, and as COVID-19’s emergence has streamlined digital assets and crypto’s popularity,…

PayPal Crypto Rumors, RIP Wirecard, Telegram Settles: Hodler’s Digest, June 22–28

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 PayPal is hiring crypto engineers amid rumors of Bitcoin integration There have been a lot of rumors surrounding PayPal this week. A report suggested that the online payments giant plans to allow hundreds of millions of users to buy and sell crypto directly. Job vacancies…