Data Suggests Bitcoin Price Will Rise as Investor Demographics Shift

Data shows that a sharp shift in investor demographics and monetary power could propel Bitcoin price to new highs. Bitcoin (BTC) has been trading sideways for around a month now and is being outperformed by several other altcoins like Ether (ETH) and Chainlink (LINK). The cryptocurrency also hit the lowest levels of volatility since November 2018.  Moreover, Bitcoin’s trading volume in it’s USDT and USD pairs has decreased by 56% and 44%, while global crypto trading volumes in June are down by 49.3% as well, according to CryptoCompare. While some…

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Crypto Management App Denies Being Hacked

London-based crypto-financial technology startup denied Sixgill’s claims that its database was stolen by hackers. Plutus, a crypto finance app founded in 2015, denied social media reports that its database was compromised by a hacking attack launched by alleged threat actors. On July 9, Israel-based threat intelligence firm, Sixgill, published an alert through their official Twitter account which stated that hackers have been sharing a database stolen from the crypto app since July 7, with no additional details revealed. Official Plutus statement on the alleged cyber-incident However, a representative from Plutus…

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Ukrainian Hacker Caught Selling Government Databases for Crypto

A Ukrainian hacker stole data in government databases and attempted to sell it for crypto. A Ukrainian hacker got caught selling confidential information gathered from Ukrainian central government databases.  According to a media release from the Ukrainian Cyberpolice, a hacker whose identity was not disclosed was able to break into many government databases by compromising personal accounts of authorized staff.  The hacker reportedly used brute force approaches to break into email addresses and social media accounts. Through this simple method, he appears to have found 50 government databases with up-to-date…

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Japanese Broker Monex Launches Crypto-Based CFDs With 2x Leverage

The Japanese online securities company Monex has revealed the launch of cryptocurrency-based contract-for-difference (CFD) services that went live on Wednesday. The new derivatives products offered by Monex will include bitcoin, XRP, ether, and bitcoin cash pairs with 2x leverage. Japanese digital currency exchanges are getting into leverage products as the firm Monex has revealed a derivatives product otherwise known as a contract-for-difference (CFD) service. Basically a CFD acts as the net difference depiction of either losses or gains that stem from the trading of specific assets. CFDs are popular investment…

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There Are Over 13K Bitcoin Addresses Worth $1M

Over 13,000 Bitcoin addresses hold over $1 million worth of Bitcoin. There are over 13,000 Bitcoin (BTC) addresses that are worth at least $1 million, according to data from Glassnode. 107 BTC to become a millionaire At the current prices, it takes about 107 BTC for an address to become a dollar millionaire. Since this metric is tied to the dollar price of Bitcoin, it tends to fluctuate a lot. For comparison, the number of addresses that contain at least 100 BTC has a much lower volatility. Bitcoin addresses that…

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Law Decoded: Regulators Are Guarded But Getting There, July 3-10

This week has seen some major breakthroughs in disguise, reminding us of how regulation doesn’t all happen at once. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.  Editor’s note Policy changes slowly. Crypto wants to move fast. Sometimes fairly, sometimes not, the crypto industry often portrays traditional financial regulators as calcified relics unprepared to deal with the coming new world.  To be fair, everyone seems to acknowledge that markets and trading systems need comprehensive upgrades, but national and international…

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Your Passwords Could Be For Sale on the Dark Web Right Now

Digital Shadows warned that over 15 billion credentials are exposed on the dark web for sale and some of them are even available for free. A recent study revealed that over 15 billion credentials are in circulation via the dark web, representing a 300% increase since 2018. Available information ranges from network access credentials, banking login data, and even streaming services accounts from Netflix. According to research conducted by the cybersecurity firm Digital Shadows, part of the leaked data is even circulating for free. The report warns that the reason…

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Coinbase Listing News Fits With Bullish Mainstrem Market, Pomp Says

News of a potential Coinbase stock market listing comes amid current bullish mainstream market conditions. Amid a bullish mainstream market, news of Coinbase’s reported traditional stock market listing could prove timely alongside other companies similar public listing efforts.  “When good times are rollin in the stock market, people want to get in there,” Morgan Creek Digital co-founder Anthony Pompliano said on an episode of his YouTube show, Lunch Money. Pompliano’s response came after a question from co-host, writer and influencer Polina Marinova, on the timing of Coinbase’s listing.  Traditional markets have…

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Leaked Documents Suggest Former Wirecard Exec Was Linked to Secret Russian Gov Operations

Jan Marsalek reportedly bragged of ties with Russian intelligence services and touted secret documents about chemical weapons used in the UK. Wirecard’s recently-prosecuted former Chief Operations Officer, Jan Marsalek, may have had ties to Russian intelligence services. He also allegedly held secret documents about the use of a Russian chemical weapon in the U.K. According to the Financial Times, the former Wirecard executive bragged of his intelligence services’ ties in an effort to further integrate with London traders. Recovered documents contain specific data on the formula for the world’s deadliest…

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Price Analysis 7/10: BTC, ETH, XRP, BCH, BSV, ADA, LTC, BNB, CRO, EOS

As Bitcoin corrected on July 9, altcoin prices dropped but many are holding above their support levels, suggesting the uptrend will resume. Veteran trader Peter Brandt believes that a new altcoin season is likely to start in the near future and he predicted that altcoins are likely to outperform Bitcoin (BTC) during this next run. In the short-term, altcoins could embark on a rally without the support of Bitcoin but in the long-term it is unlikely that altcoins will rally if Bitcoin struggles to move up. On July 9, the…

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