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Microsoft shares weaker: data from millions of LinkedIn users discovered online

By
Dave Triplett
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0

Once again, information from millions of users of the LinkedIn career network has been discovered in a hacker forum.

According to the platform belonging to Microsoft , it is publicly available data that was extracted via automated queries from LinkedIn and other websites. According to its own information, the seller is offering 700 million records for sale without a price. According to LinkedIn, they are partly identical to the 500 million data records that were discovered online at the beginning of April.

LinkedIn emphasised that no private information of members was affected. Basic information such as full name and e-mail address, telephone number, date of birth or the city in which one lives are often used in online networks to clearly identify acquaintances and friends.

They are usually not visible to other users, but can be compared via computer interfaces. However, online criminals repeatedly found ways to access the information on a large scale using automated queries. This technique is known as scraping. The platforms are taking action against this – but once the data is in circulation, its dissemination can hardly be stopped.

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On Facebook, for example, information such as telephone numbers and email addresses were stolen from hundreds of millions of users by mis-using the friend search function before the platform closed a loophole in the summer of 2019. Since then, these data sets have appeared again and again on the Internet.

Microsoft shares are at times 0.39 percent weaker at $ 270.34 in early NASDAQ trading.

Welsh farmer uses cow dung for ether mining

By
Edmund Hurtt
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0

Philip Hughes, a farmer from the Welsh village of Denbighshire, uses the excreta from his cows to mine the cryptocurrency Ethereum. Other colleagues are said to have already shown interest.

• Sustainable crypto mining using cow dung
• Welsh farmer uses biogas plant to mine the crypto currency Ethereum
• Other farmers interested in sustainable crypto mining using cow dung

Sustainable crypto trend

The interest in cryptocurrencies and the blockchain technology on which they are based continues unabated. The situation is similar with the so-called mining of cryptocurrencies, in which users make the computing power of their computer or a special network available to solve cryptographic tasks that generate new blocks in the blockchain. Cryptographic tasks serve to ensure the validity of a block in the blockchain, as they reflect the effort that had to be expended to solve the task and thus to generate a valid block. The mining process is therefore not only time-consuming, but also energy-intensive, which makes many miners think.
Including Philip Hughes, who started a trend in his region by starting to generate the electricity needed to mine the cryptocurrency Ethereum through his biogas plant, which is operated with the manure of his cows. According to reports from the British television network BBC, other colleagues have already shown interest in this concept.

Electricity from renewable energy sources for crypto mining

Philip Hughes swears by sustainability. He told the BBC that both the Ethereum mining process and the supply to his farm and the adjacent camping area are powered by the electricity that his biogas plant produces. – Trade Bitcoin with Plus 500 – this is how it works. 72% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether you can afford the high risk of losing your money. – Hughes’ cows play a key role in this process, as they continuously excrete manure and thus generate the chemical element required to power the biogas plant. As part of the decomposition of the cow dung, the alkane methane is produced, which is used to drive the turbines. The resulting kinetic energy can then be converted into electricity.

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Crypto mining using cow dung – more and more are getting on board

The public discourse about the energy consumption of crypto currencies is wide-spread. As BINANCE WIKI reports, many of Hughes’ colleagues have already joined the sustainability trend and switched to the traditional multi-purpose resource cow dung to generate electricity for their crypto mining operations. At the same time, they diversify and increase their income. Surplus electricity that is not used for crypto mining or supplying farms goes to the National Grid utility , which operates the high-voltage electricity transmission network in England and Wales, which farmers get around $ 0.1 each , according to BINANCE WIKI Brings in kilowatts.

Gold price: the strongest monthly loss since 2016 threatens

By
Ismael Brooks
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So far in June the gold price has lost 7.5 percent. This would correspond to the strongest monthly loss since November 2016.

On Tuesday yesterday, US central banker Christopher Waller said he was “very optimistic” about the economy and said that interest rates could be raised as early as next year. These restrictive tones did not do the gold price any good. In the afternoon, the upcoming economic data from the USA will attract increased attention. Investors are likely to be particularly interested in the ADP monthly report on newly created positions (2.15 p.m.). According to a survey of analysts published by Trading Economics, this is said to have decreased from 978,000 to 600,000. In the coming days, more numbers from the US labor market are likely to cause a high level of tension.

The presented itself on Wednesday morningGold price with weaker quotes. By around 7.15 a.m. (CEST), the most actively traded future on gold (August) decreased by $ 3.70 to $ 1,759.90 per troy ounce.

Crude Oil: Asked for API update

The report by the American Petroleum Institute published on Tuesday evening showed an inventory minus of 8.15 million barrels, much higher than expected. This helped the oil price in higher regions. Optimistic forecasts by OPEC General Secretary Barkindo on global oil demand sparked additional buying interest in the oil markets. Now the market players are waiting for the weekly report from the Energy Information Administration (4.30 p.m.). According to the surveys of analysts published by Trading Economics, oil stocks are said to have decreased by 4.7 million barrels, gasoline reserves decreased by 886,000 barrels and the amount of distillate stored increased by 486,000 barrels.

The oil price was presented on Wednesday morning with recovered prices. Until around 7.15 a.m. (CEST), the price of the next WTI future due rose by 0.50 to 73.48 dollars, while its counterpart on Brent rose by 0.40 to 74.68 dollars.

Binance Ban: Why England, Japan and Canada is after Binance | Exclusive

By
Team City Telegraph
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0

Regulators around the world are making the popular crypto exchange Binance difficult. Activities in the UK, Japan and Canada will be restricted. How long can customers feel safe?

The world’s largest crypto exchange Binance has to contend with fierce headwinds. And not just in one country, but in several. According to media reports , the Financial Conduct Authority (FCA), a regulator in the UK, has banned Binance from offering certain services. Trading in cryptocurrencies is not directly regulated in the UK. But other related activities – such as the sale of derivatives – require approval. 

Binance Markets Limited is not allowed to conduct any regulated activity in the UK. No entity in the Binance group holds any form of authorization, registration or license to conduct regulated activities in the UK

according to the FCA statement 

Not only in the United Kingdom, but also in Japan, the authorities are mobilizing against the crypto exchange. The Financial Services Agency (FSA) in Japan said the platform was operating without proper authorization. Binance was warned once by the FSA for the same reason in March 2018 . CEO Changpeng “CZ” Zhao spoke out against reports that his company was being prosecuted by the FSA. CZ claimed that the exchange was in “constructive dialogues” with the regulator on the matter.

Binance ceases operations in Ontario, Canada

The crypto exchange will also no longer serve customers in Ontario, Canada from the end of 2021 after the regulatory authorities there warned against doing business in crypto markets. In recent weeks, Ontario has turned out to be an extremely tough place for crypto exchanges. On April 19, the regulatory authority Ontario Securities Commission introduced new regulations there, which the platform now apparently cannot meet. About 15 million people currently live in Ontario. Customers have until the end of the year to close out all active positions. At the same time, like customers in Japan, they can safely say that trading on the Binance main page continues undeterred. This is at least true for US users, even if it is with Binance US there is a specific page for this clientele.

In an initial statement on recent developments, a Binance spokesman told CNN: 

We are aware of recent reports of an FCA notification to Binance Markets Limited (BML). BML is a separate legal entity and does not offer any products or services through the Binance.com website. The FCA’s announcement has no direct impact on the services offered on Binance.com. Our relationship with our users has not changed.

It remains to be seen how long the local users can feel safe.

Highly praised and deeply liked: Internet Computer (ICP) is back price forecast

By
Stella Mason
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0

After the initial euphoria, the hype surrounding the Web 3.0 project Internet Computer has clearly flattened out. After its crash, however, the ICP token gradually seems to be on the way to recovery. For various reasons.

When the Internet computer went live in early May, expectations were high. The development of the decentralized Web 3.0 project, which declares war on the monopoly of Internet companies in cyberspace, took a good five years to develop. The live event made waves beyond the crypto space, and the token of the same name hit like a bomb. From a standstill, the utility token reached a market capitalization of over 20 billion US dollars, and on May 10, the ICP unit price was over 700 US dollars. Not much of that remains, however. Because as quickly as the token rose, it also disappeared from the scene again quickly.

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From the investors’ point of view, the timing could hardly have been more unfavorable: On May 12th, just two days after the official launch, the crypto market was in crisis, the total market capitalization almost halved in the following two weeks. And so the ICP rate has been stumbling disoriented below the $ 100 mark since June 7th. The record high of $ 700 is now 94 percentage points away.

The Liberation Strike?

At least today, the Internet computer is one of the rising stars again. At the time of going to press, the Internet computer had risen to $ 41, a 24-hour increase of 14 percent. In a weekly comparison, the ICP price is still in the minus range at twelve percent, but the first sign of life gives investors hope that the Internet computer will gradually move back into forward gear.

The hopes do not seem unfounded. The DFINITY Foundation has developed the project on several levels over the past few weeks. After three years of development, the Motoko programming language will be available on June 10th under the Apache 2.0 license as open source, which can be used to create smart contracts and dApps on the Internet. By publishing the code, the developers expect a higher activity of programming in the network and a lively participation in the “broad community”, as it says in the corresponding tweet .

A week ago the ledger and governance toolkit “Quill” became available as an open source version . Quill is used to manage ICP tokens in cold wallets and, according to the DFINITY Foundation, offers “an easy way to create signed messages for the ledger and governance canisters of the Internet computer on an offline computer”. Ledger canisters are basically smart contracts that process transactions on the ICP network. In order to be executed, the transaction data must be transferred to an online computer and then transferred to the Internet computer.

Goldman Sachs ennobles Internet computers

Last but not least, the project received a boost from a Goldman Sachs report , which paints a great future for the decentralized project. As one of eight projects, the Internet computer was advertised as part of the next blockchain generation, which is about to “redesign the Internet as a decentralized platform”. Although the project is still “at an early stage”, it scores points with innovative approaches and thereby paves the way for “the future”.

The “ambitious blockchain-based platform” claims to “replace the current Internet with a new paradigm in which all data and applications are coherently hosted”. The stone has already started rolling. “Decentralized applications are already being launched with the aim of replacing centralized technology platforms such as Facebook, Google and LinkedIn”.

The appreciation that the Internet computer was sketched in the report should be a partial explanation for the current price surge. The report was already two weeks under its belt, but it took time for the Reddit channels to take a bite

Polygon Hacked: SafeDollar Protocol (SDO) eased by $ 248,000

By
Edmund Hurtt
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0

Thieves have struck a blow against the SafeDollar DeFi protocol. The attack drove the value of the supposed stable coin to zero.

If a stablecoin self-confidently advertises that it will become the “safest stablecoin in the DeFi sector” and then suddenly becomes worthless due to an exploit, there is a certain irony. This is exactly what happened to SafeDollar (SDO). As various media reports unanimously, stablecoins with a total value of 248,000 US dollars were stolen from the SafeDollar smart contract on the Polygon (MATIC) blockchain. The stolen property consists of two different stablecoins that were stored on the smart contract: The thieves stole Tether (USDT) worth around 46,000 USD and US dollar coin (USDC) worth around 202,000 USD, as on polygonscan .com is visible.

SafeDollar has now also confirmed the exploit via Telegram.

SafeDollar has been attacked. We have paused activities on SafeDollar and are investigating the matter.

SafeDollar Telegram Group

The alleged attack hit the smart contract like lightning. Within seconds of the exploit becoming known, the price of the stablecoin, which was no longer so stable, literally fell to zero.

It is still completely unclear who is behind the attack.

DeFi hacks are not uncommon. BTC-ECHO repeatedly reports on so-called exploits, i.e. the tapping of insufficiently secured coins that are stored on DeFi protocols. The compound fork EasyFi was the hit in this discipline . In April of this year, hackers eased the log by a whopping 80 million US dollars .

The international rating agency Fitch has affirmed China ‘A +’ ratings

By
Stella Mason
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0

The international rating agency Fitch has affirmed China’s long-term foreign and local currency issuer default ratings (IDRs) at ‘A +’.

The outlook on the ratings is “stable”, the agency said in a press release. Short-term foreign and local currency IDRs were affirmed at “F1 +”.

Among the positive rating factors, Fitch experts note the strong external financial position of China, as well as strong macroeconomic indicators and the scale of the PRC’s economy, which is the second largest in the world.

The country’s ratings are negatively influenced by risks to budgetary and financial stability associated with a high level of debt in the private sector, as well as by the fact that GDP per capita in the country and corporate governance ratings are significantly lower than those of other countries in the “A” rating category. …

“The Chinese economy is in a mature phase of recovery from the crisis caused by the COVID-19 pandemic, thanks to the successful containment of the spread of the coronavirus.

Real GDP in the PRC in the first quarter of 2021 increased by 18.3% on an annualised basis, after rising by 6.5% in the fourth quarter.

Business activity indicators after the first quarter are mixed, but generally indicate some weakening of domestic demand, which, however, is balanced by still strong export demand and industrial production, “- said in a press release.

According to Fitch’s forecast, China’s GDP will increase by 8.4% in 2021 and 5.5% in 2022.

After Bitcoin crash: Cathie Woods ARK Invest buys Coinbase shares and Grayscale Bitcoin Trust

By
Christopher Patillo
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0

Most recently, the price of the cryptocurrency Bitcoin has mainly known one direction: downwards. Falling crypto prices also affect the shares of the newcomer Coinbase and the Grayscale Bitcoin Trust. For ARK Invest CEO Cathie Wood, this is apparently the right time to order more shares.

• Bitcoin, Ether & Co. in downward spiral
• Coinbase shares and Grayscale Bitcoin Trust also burdened
• Cathie Wood buys cheap
Cathie Wood apparently wants to benefit from low entry-level prices at the moment. The ARK Invest founder, who is also known as the “best female investor in the world” , recently got hold of the DraftKings share at a bargain price after it came under pressure due to serious allegations by the short seller Hindenburg Research. Wood now seems to be applying this strategy to the recently ailing crypto market.

Crypto market in a downtrend

The most popular cryptocurrencies have been in a downward spiral for a few weeks now. Bitcoin , the largest cyber coin weighted by market capitalisation , was able to climb to an all-time high of more than 64,000 US dollars in April, but it has been mainly down since then. For example, the US electric car manufacturer Tesla recently announced that it would no longer accept payments with the coin because a considerable amount of energy was consumed when mining the cryptocurrency. The company only introduced the additional payment method a few weeks earlier. For reasons of environmental protection, this is no longer justifiable , as CEO Elon Musk said on his Twitter Profile wrote. And news from China also caused the rate of the Internet currency to collapse. The People’s Republic wants to make both the mining process and trading more difficult in order to also support its own cryptocurrency – the digital yuan , which is said to be in the starting blocks. In the past week, the crypto veteran even fell below $ 30,000 for a short time . And other digital assets such as Ether and Ripple also slumped recently.

Coinbase and Grayscale Bitcoin Trust are also suffering from falling prices

The general price decline on the crypto market is also noticeable in the share price of the Coinbase crypto exchange . In mid-April, the trading platform celebrated a successful stock market debut on the NASDAQ technology exchange and recorded an initial price of 381 US dollars, which was more than 50 percent above the reference price of 250 US dollars. At this point , Wood got into the stock. The Coinbase share is now trading at $ 246.69 (closing price on June 28, 2021). And the Grayscale Bitcoin Trust, through which investors can purchase the crypto currency in the form of a traditional security without having to buy or store it themselves, has already lost a lot of its value this year. Since the beginning of the year, the minus is 8.59 percent to 29.25 US dollars (closing price on June 28, 2021). In February, the trust was trading at a record high of $ 58.22.

ARK Invest increases stake

Now Wood has taken the opportunity and increased her stake in Coinbase shares and the Grayscale Bitcoin Trust. According to Markets Insider, the managing director of the investment company bought 214,718 shares in the crypto exchange and added them to the ARK Innovation ETF . A few days later I buy it again. The exchange-traded fund now comprises approximately 3.67 million Coinbase shares, as reported by ARK Invest. At Grayscale Bitcoin Trust, the investor added even more and ordered a total of 1,046,002 shares. This flowed into the ARK Next Generation Internet ETF , which now comprises a total of 8.6 million shares in the trust.

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Wood sticks to the bullish forecast

With this, Wood maintains its bullish forecast for the leading cryptocurrency. She only confirmed to Bloomberg last month that she believed in a Bitcoin rate of $ 500,000 in the long term, despite the recent price crashes . And even when Bitcoin reached a market capitalizsation of one trillion US dollars for the first time this year , the stock market legend was optimistic. “We are only just getting started,” said Wood at the CBOE panel. “A trillion US dollars is nothing compared to what it will end up with.”

World Bank raises growth forecast for China to 8.5 percent

By
Naomi Glover
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0

The economic recovery in China this year could be even stronger than previously assumed.

The World Bank raised its growth target to 8.5 percent on Tuesday in a new analysis of the economic situation in the People’s Republic. That is 0.4 percentage points more than a previous analysis by the World Bank. For the coming year, the World Bank expects growth of 5.4 percent and thus a return to the long-term trend before the pandemic.

China bans banks and payment systems from participating in bitcoin transactions

Both the confidence of consumers and companies have recently improved further, which is why better labor market conditions and increasing domestic demand can be assumed. According to the forecast, China’s exports should also continue to develop well. However, the World Bank warned that a new coronavirus outbreak could disrupt economic activity.

Also Read:

A rigorous lockdown and strict entry controls since the beginning of the pandemic have meant that – apart from minor outbreaks – there have been hardly any corona cases in China since March 2020. Since then, the economy has been on a recovery course.
The Chinese government is more cautious in its growth forecast and has set its official growth target for this year at “over 6 percent”.

Tesla’s Expensive Bitcoin Bet: Does a Bitcoin Sale can Save Tesla’s Balance Sheet?

By
Dave Triplett
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0

Tesla’s Bitcoin investment could cause an explosive situation for the electric car manufacturer. Because the fall in the market for digital currencies could be reflected in Tesla’s balance sheet.

• Bitcoin significantly lower in price
• BTC probably below book value from the first quarter balance sheet
• Massive consequences for Tesla’s second quarter balance sheet to be expected

When Tesla surprisingly invested in Bitcoin in the first quarter of 2021 , the crypto market was in a celebratory mood. The electric car maker even wanted to enable Tesla buyers to pay for their vehicles with the oldest cryptocurrency, which gave the digital coin an additional boost. The fact that Tesla sold part of its Bitcoin holdings , which contributed to the fact that the carmaker was able to write black numbers for the seventh quarter in a row, was meanwhile less well received by crypto investors. And the negative news didn’t stop: just a little later, Tesla stopped Bitcoin payments due to “environmental concerns” back on. The news caused a state of emergency on the crypto market – Bitcoin has collapsed massively since May, and the weakness of BTC also tore other crypto currencies into the abyss.

Is Tesla going to be concrete?

One Bitcoin is currently trading around the $ 34,000 mark. In the meantime, however, the price had dropped to below $ 29,000. This will likely force Tesla to take a step that the electric car manufacturer has wanted to avoid so far: The company will have to report how many Bitcoins are actually in Tesla’s possession and at what price the digital coins were purchased.
On the basis of the first quarter figures, “Forbes” has already determined the approximate purchase price that Tesla probably put on the table for a BTC in the first quarter of the year. The calculation is based on $ 2.48 billion – that is how much Tesla’s BTC stake was worth, according to the balance sheet published on March 31, 2021. At the time, the Bitcoin price was around $ 59,000. Tesla itself originally invested $ 1.33 billion in bitcoins. According to the US magazine, the Musk group is said to have paid an average of 32,000 US dollars per coin. After the partial sale in the first quarter, Tesla should now own 42,100 Bitcoins, the sheet calculates.

Bitcoin investment is arguably causing a loss on Tesla’s balance sheet

Since the Bitcoin price fell in the second quarter below the book value that Tesla had on the balance sheet in the first quarter – according to “Fortune” 31,600 US dollars – Tesla will probably have to show its colors with regard to its investments. Because bitcoins are treated as so-called “collectibles” by the supervisory authorities. If the value of a collectible rises, this is not recorded on the balance sheet; the profits are only posted when it is sold. If the price falls below the book value, however, Tesla will have to show this as a loss on the balance sheet due to “impairment costs”. The car manufacturer will then use the lowest price in the reporting quarter for accounting. This distinguishes BTC investments from investments in stocks, the current market value of which is listed in the balance sheet, regardless of
Conversely, this means: Even if the Bitcoin price recovers towards the end of the month, this will not appear as a profit in the balance sheet, instead a loss will be shown, even if the book price was only once below the book price in the previous quarter.

Also Read:

Bitcoin sales speculation

In order to prevent Tesla’s crypto investment from leaving such traces on the balance sheet, the electric car maker could take a path that it took in the first quarter and liquidate part of its Bitcoin holdings. Since profits are recognised when selling, the investment in the crypto currency could still have a positive impact on the balance sheet at the end of the quarter.

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