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Cryptocurrency Stocks To Watch As Bitcoin Prices Surge

cryptocurrency stocks to watch as bitcoin prices surge

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POLAND – 2020/10/20: In this photo illustration a PayPal logo seen displayed on a smartphone next to … [+] a debit card and two euro coins. (Photo Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images)

SOPA Images/LightRocket via Getty Images

Interest in cryptocurrency is surging once again with Bitcoin prices up by almost 30% over the last month, driven by growing institutional interest and Paypal’s recent move to allow its customers to buy and sell certain cryptocurrencies. Our indicative theme on Cryptocurrency Stocks – which includes semiconductor, payments, and brokerage companies that have some exposure to the cryptocurrency space – is up 88% year-to-date, compared to the S&P 500 which is up by just about 5% over the same period. This theme could be of interest to investors who are looking for upside from cryptocurrency adoption and prices, but want to avoid buying into the currencies themselves considering the volatility, risk of fraud, or cyber theft, or potential portfolio mandates. Below is a bit more about the stocks in our theme and how they have fared this year.
Square cash mobile wallet app has emerged as a very popular way for people to buy and sell Bitcoin. The stock has gained a whopping 183% …

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Guest view: Technology, Hype, and the Future:  Cryptocurrency – Delaware Business Now

guest view: technology, hype, and the future:  cryptocurrency – delaware business now

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By James H. LeeThe view is always better from the edge. In this new column for Delaware Business Now, I’ll cover new technologies and growth investments. As a professional futurist, I keep my finger on the pulse of change. My background as a financial analyst helps me to distinguish between hype and opportunity.
This month, I’d like to cover an emerging technology with an enormous generational divide… cryptocurrency. Never before have I seen anything create such excitement for young traders while generating complete confusion amongst experienced investors.

When Bitcoin was introduced to the world in 2009, it was built on an entirely new technology known as the blockchain.
A blockchain is simply a distributed public history of transactions. Each new transaction adds another link to the chain. Those transactions are stored anonymously on thousands of computers. It is a secure network, because in order to break into it to change the records, you would need to hack all the nodes simultaneously—provided that you can even find them. New bitcoins were issued to “miners” for their services in verifying new transactions as they appeared on the blockchain. As the system grew in complexity, more bitcoins were gradually introduced into …

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Coinbase launches its cryptocurrency Visa debit card in the US

coinbase launches its cryptocurrency visa debit card in the us

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Coinbase has announced that US customers can now join the waitlist for its Coinbase Card, a debit Visa card that allows customers to spend cryptocurrency anywhere Visa cards are accepted. Coinbase claims it’s “the easiest, quickest way to spend your crypto worldwide.” Previously, the card was only available in Europe.
There are a number of debit cards around the world that allow you to spend cryptocurrency (you’ll soon be able to do so with Paypal as well). But many platforms require you to load funds onto the card in order to spend them. The Coinbase Card eliminates the middleman, instead pulling funds directly from your Coinbase account. Other cards are limited to one or a few currencies; the Coinbase Card supports nine (and converts everything to US dollars before completing purchases and ATM withdrawals).

There’s an optional rewards program as well (only available to US customers for now). You can choose to earn 4 percent back in Stellar Lumen or 1 percent back in bitcoin. There’s no issuance fee, but Coinbase says that “cryptocurrency conversion fees may apply” (and those can be steep).
In Coinbase’s app, you’ll be able to keep track of recent transactions and …

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NYSE’s Top Markets Cop to Take Cryptocurrency Job at Andreessen Horowitz

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The New York Stock Exchange’s top markets cop is leaving the Big Board for a job advising venture-capital firm Andreessen Horowitz on cryptocurrency regulation. Anthony Albanese, who has led the NYSE’s in-house regulatory unit since 2016, will join the Silicon Valley firm as its chief regulatory officer in mid-November, a spokeswoman for Andreessen Horowitz said. The…

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Trump Campaign Website Defaced by Cryptocurrency Scam

trump campaign website defaced by cryptocurrency scam

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Trump’s campaign website hit with cryptocurrency scam

trump’s campaign website hit with cryptocurrency scam

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President Trump’s campaign website was hacked Tuesday afternoon in an apparent cryptocurrency scam, the New York Times reports. “This site was seized,” the fake FBI notice read, before claiming without proof to have gained access to Trump’s private communications containing evidence of wrongdoing. Two cryptocurrency wallet addresses were then listed, asking visitors to send funds and effectively vote on whether these documents should be released.
In a statement posted on Twitter, the Trump campaign’s communications director Tim Murtaugh confirmed the defacement. He said “there was no exposure to sensitive data because none of it is actually stored on the site” and that the organization was “working with law enforcement authorities to investigate the source of the attack.” TechCrunch reports that the website’s original content was restored, “within a few minutes.”
According to The New York Times, journalist Gabriel Lorenzo Greschler was among the first to spot the hack and post screenshots of it to Twitter.

The notice posted on the site in broken English claimed to have proof that the Trump government was involved in the origins of the coronavirus, and that the president has been involved with “foreign actors manipulating the 2020 elections.”
It provided two …

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Trump’s campaign website hacked by cryptocurrency scammers

trump’s campaign website hacked by cryptocurrency scammers

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President Trump’s campaign website was briefly and partially hacked Tuesday afternoon as unknown adversaries took over the “About” page and replaced it with what appeared to be a scam to collect cryptocurrency. There is no indication, despite the hackers’ claims, that “full access to trump and relatives” was achieved or “most internal and secret conversations strictly classified information” were exposed.
The hack seemingly took place shortly after 4 PM Pacific time. The culprits likely gained access to the donaldjtrump.com web server backend and replaced the “About” page with a long stretch of obfuscated javascript producing a parody of the FBI “this site has been seized” message.
“the world has had enough of the fake-news spreaded daily by president donald j trump,” the new site read. “it is time to allow the world to know truth.”
Claiming to have inside information on the “origin of the corona virus” and other information discrediting Trump, the hackers provided two Monero addresses. Monero is a cryptocurrency that’s easy to send but quite difficult to track. For this reason it has become associated with unsavory operations such as this hack.

One address was for people that wanted the “strictly classified information” released, the …

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Cryptocurrency mogul gifts wife $20M-worth of tokens for her birthday

cryptocurrency mogul gifts wife $20m-worth of tokens for her birthday

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Cybercurrency mogul Alex Mashinsky gifted his wife, former Urban Outfitters exec Krissy, $20 million for her 50th birthday. Or, at least, he gifted her 15 million tokens from Celcius, the crypto network that he founded — which, apparently, are currently worth $20 million.
He tweeted, “[Krissy] has been with me through it all and ALWAYS supported me even when I made silly mistakes. I love you.”
Meanwhile, the pair recently founded a company that uses Blockchain — the technology that cryptocurrency runs on — to track the production of real-world goods to ensure they’re American-made.
Krissy recently told Page Six that goods that are often sold as “Made in the USA” are actually manufactured elsewhere. But she said that soon they expect their company, USA Strong, to allow “customers to be able to see — from the farmer through to the shipper to your door — who touched and made your products.”
She said that in part because of Blockchain, the company is able to sell products that are verified to be made in America.

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