Blockchain 

Industry Investors Shift Focus From Crypto to Convergence Apps: Report

The year of 2019 has witnessed a shift in investments from focusing purely on digital currency to convergence applications, according to a new report from Outlier Ventures published on Aug. 13. Early stage investors shift focus The “Investment in Blockchains 2019” report, which provides insight into blockchain investment and market trends in 2019, states that blockchain-focused companies have secured $23.7 billion since 2013. Increased interest among early stage investors ostensibly results from massive returns from early investments in Bitcoin (BTC) and Ether (ETH). Per the study, there has been a…

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Ethereum 

FBI Investigating Long Island Iced Tea’s Shift to Blockchain

The United States Federal Bureau of Investigation (FBI) is looking into Long Island Iced Tea’s (LTEA) shift to blockchain for evidence of insider trading and securities fraud. They are now requesting access to Whatsapp messages that may prove it. FBI wants to use a warrant from another case to gain access to encrypted messages According to a search warrant request, revealed by business news outlet Quartz on July 25, the FBI is seeking to expand a warrant from a different case in order to gain access to communications for their…

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Report Shows Cryptojacking Is Prime Example of Shift Towards Discreet Cyberattacks

Cybercriminals are reportedly favoring unhurried approaches in attacks made for financial gains, with cryptojacking as a prime example of this shift. IT news website ComputerWorld reported on this development on March 14. Data released by cybersecurity company Darktrace reveals that cryptojacking attempts increased by 78 percent in 2018, and, according to ComputerWorld, the company also said that this trend continued in 2019. The ComputerWorld article cites Max Heinemeyer, director of threat hunting at Darktrace, commenting on the findings. He reportedly said that since many ransomware victims may be unable to pay…

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Bitcoin 

Controversial Content Creators Shift to Crypto After Censorship

A number of online crowdfunding sites and wallet providers have been embroiled in controversy  after a series of high-profile account cancellations associated with alt- and far-right views. Although the move to “deplatform” those seen to be allegedly promoting hate speech has received popular support, several high-profile political commentators and libertarian media personalities consider this to constitute and unacceptable assault on free speech. As a result, some of the online crowdfunding platform Patreon’s top content creators decided to leave the platform in favor of Bitcoin funding, each taking with them tens…

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Bitcoin 

Traditional Investors Shift to Over-The-Counter Bitcoin Markets

In its recent analysis published Dec. 17, research firm Diar has found that institutional investors have shifted towards higher liquidity over-the-counter (OTC) physical Bitcoin (BTC) markets. Diar noted growing investment in OTC funds like that offered by major American cryptocurrency exchange Coinbase. According to the report, Coinbase outperformed Grayscale’s Bitcoin Investment Trust (GBTC) on OTC markets in terms of BTC trade volume. While OTC trade volumes are dwarfed by non-OTC investment, it is still significant as OTC markets are only open for 31 percent of annual tradable hours. Grayscale reportedly…

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