Video: Bitcoin Hardware And Security With Cobo’s Lixin Liu

Listen To This Episode: Apple Spotify Google Libsyn This episode of Bitcoin Magazine’s Bitcoin In Asia featured Lixin Liu, the head of hardware at Cobo and the creator of the Cobo Vault, out of Shanghai. Lixin’s background in hardware and international product development, most recently in robotics with Hover Camera, made him the preferred choice of F2Pool and Cobo Founder Discus Fish when he decided to get into the Bitcoin hardware and security game. Lixin and I discussed building out Bitcoin hardware from the ground up and why it is…

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‘Classic top setup’? Bitcoin price flash crashes on Kraken after all-time high

A likely “stop-loss run” triggers a one-minute candle to more than $3,000 lower than Bitcoin spot price before a rebound in extreme volatility. Bitcoin (BTC) reached a new all-time high on various exchanges on Nov. 30, but one record, in particular, hit the headlines for a different reason. Data from cryptocurrency exchange Kraken shows BTC/USD hit its highest ever price on its order book — then diving to $16,600 in seconds. Kraken BTC price dumps $3,000 The reason for the crash, which will have liquidated a large number of positions…

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Bitcoin theft is likely to surge in meager post-COVID economy: report

Cybercriminals may favor a different cryptocurrency in the coming months, however. Cryptocurrency-related fraud and theft are likely to grow in the post-COVID-19 world, according to a new report by cybersecurity and anti-virus provider, Kaspersky Lab. Securelist, Kaspersky’s cyberthreat research arm, published a report on cyberthreats to financial organizations, forecasting some specific types of financial attacks that are likely to surge in 2021. Securelist has predicted that a wave of poverty fueled by the COVID-19 pandemic will inevitably lead to “more people resorting to crime including cybercrime.” That could also mean…

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Justice Department extradites alleged BTC mining ponzi operator from Panama

AirBit Club’s leadership have been gathered in New York City and will face charges for stealing “membership dues” to finance massive marketing events and lavish personal lifestyles. Per a Monday announcement, the U.S. Department of Justice and the Southern District of New York have extradited a leader of alleged ponzi scheme AirBit Club from Panama.  Gutemberg Dos Santos is one of six operators of AirBit Club indicted, and the last to come into the U.S. to face trial before the SDNY. Dos Santos is a dual citizen of Brazil and…

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Can DeFi indices finally make crypto-based passive investing worthwhile?

The concept of a DeFi ETF sounds promising, but it’s not without pitfalls. Index investing in the stock market has become extremely popular thanks to the proliferation of exchange-traded funds, or ETFs, which often track popular market indices like the S&P 500 or the Nasdaq-100. Investing in the entire market can be a simple but effective strategy. Instead of spending energy and time in trying to beat it — often unsuccessfully — investors are guaranteed average returns, which in the past 10 years have been more than respectable both in…

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European central bankers predict that the digital euro is at least five years away

Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition. Several experts from various European banks agreed that even a proof of concept for a digital euro is four or five years away. In a panel on Monday called “Upgrading Money to the Digital Age: Introducing Digital Euro,” participants agreed that the current task was primarily one of getting everyone onboard with the specifics of a digital euro, putting any real implementation well into the future.  Central bank digital currencies, or…

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Yearn teams up with Akropolis to boost institutional outreach

Akropolis says calling it a merger “is a bit of a misnomer.” Yearn.finance announced on Monday yet another merger, this time with Akropolis, a multiproduct decentralized finance protocol featuring yield optimization and undercollateralized loans. Like the Cream Finance merger announced last week, the two ecosystems will remain largely independent in terms of their tokens and overall product lines, a shared announcement clarifies. However, like with Pickle Finance, Akropolis will now integrate Yearn vault technology and will publish its yield farming strategies on its Vault V2 platform. The two development teams will…

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Bitcoin Price Hits All-Time High

Bitcoin has hit a new all-time highest price relative to USD as listed on Bitstamp, eclipsing its previous high of $19,666.00 set on the exchange on December 13, 2017. The specific price of BTC relative to fiat currency at any given time depends on the rate set by specific exchanges, and the listed all-time high price or price at any given time depends on the particular data set referenced. Though Bitstamp does not list the highest all-time bitcoin price of any exchange (Bitfinex, for instance, listed bitcoin at $19,891 on…

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Bitcoin price hits $19K as bulls show no fear of record futures gap

Despite 15% gains coming during a weekend, Monday simply delivers more of the same upside for Bitcoin prior to the Wall Street opening. Bitcoin (BTC) returned to $19,000 on Nov. 30 as a weekend surge continued to produce fresh gains for investors and hodlers. BTC price up 18% against weekly lows Data from Cointelegraph Markets and TradingView showed BTC/USD retaking another key psychological level during Monday trading. The weekend had already produced major upside for the pair, which late last week dived to $16,300. By the start of Monday, $18,600…

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Former digital head at luxury brand group LVMH takes role at Ledger

Ian Rogers, newly appointed as a chief experience officer at Ledger, says digital assets are moving from “science fiction” to the mainstream. The revolving door between traditional finance and the crypto space is well established. Now, executives from the luxury goods sector appear to be following in their steps. Ian Rogers, formerly the chief digital officer at LMVH, is taking on a new role as “chief experience officer” at Ledger, the well-known French crypto hardware and software maker. LMVH was formed in 1987 from the merger of high fashion house…

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