Basic Attention Token is attempting to recover short-term bullish momentum on Wednesday as the cryptocurrency probes back towards the August 25th swing-high. The BAT / USD pair has been a notable underperformer in the cryptocurrency space this year, and has suffered a tumultuous fall since peaking around the $0.500000 level in April.
China’s digital currency might be good for shopping, but don’t expect any privacy. Binance researchers have questioned claims of transaction anonymity, suggesting instead that the new virtual currency might actually give the state greater opportunity to spy on its citizens.
Investors could be turning away from Ethereum (ETH). Uncertainty surrounding the timing of a move to a Proof of Stake mechanism, and fears of a price crash, have led to a significant decline in market sentiment.
Blockchain technology is very useful for supply chain management. The ability to maintain an immutable ledger and work with IoT sensors provide an effective way to trace real-world products and services. The area is rich with possibilities: every industry has supply chains, from agriculture to electronics to the automotive sector.
If gold is the flag for an oncoming recession, copper is the opposite. With applications spanning construction, manufacturing, and electrical equipment, the industrial metal has long been considered a bellwether of economic growth.
Cryptocurrency markets remain lethargic, with slight drops across the board. While most charts are in the red, the majority of altcoins are still within a few percentage points of yesterday’s price. Meanwhile, Bitcoin has fallen back below $10,200.
Stellar Lumen remains extremely bearish across both the short and medium-term horizons, with the cryptocurrency losing close to thirty percent in value from peak-to-trough so far this month. Last week, the XLM / USD pair breached the February 2019 trading low, causing the cryptocurrency to fall to its lowest level for the year.
Algo Capital, a financial institution focused on accelerating the Algorand ecosystem has announced a successful funding round for its VC fund, obtaining double the expected $100 million.
The firm is a separate entity from both Algorand Foundation and Algorand LLC, but it is wholly focused on driving adoption, liquidity and access to the Algorand blockchain. It does so by investing in businesses which are building dApps and infrastructure on Algorand’s technology platform.
There’s good news, you’re not paranoid. They really are out to get you.
Earlier this month, leading cryptocurrency intelligence firm CipherTrace published its quarterly report, and it makes for pretty grim reading. This year alone, a staggering $4.26 billion worth of cryptocurrencies have been hacked, stolen, or otherwise misappropriated by thieves and fraudsters. As these criminals run rife across the blockchain space, is there anything you can do to keep your cryptos safe?
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