INFINY DAILY NEWS – Infiny

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1.Grayscale’s Bitcoin Premium Suggest BTC Still Overvalued at $10,400: Analyst

Coinbase Custody has reportedly acquired Xapo’s institutional business to become the world’s largest crypto custodian by assets under custody.

2.Litecoin May Soon Surge Despite Selling Pressure and Recent Dusting Attack

Litecoin has been wrapped in negative sentiment as of late, which has primarily been rooted it its lackluster price action following its recent halving event and a recent dusting attack that impacted nearly 300,000 LTC addresses on Binance.

3.WHY BLOCKCHAIN TECHNOLOGY IS IMPORTANT FOR DATA PRIVACY

Centralized companies leak information more often than you may think. Simple errors in network configurations or access privileges result in millions and millions of peoples passwords, usernames, and emails getting leaked on a regular basis.

4.Bitcoin as a Safe Haven: Yet Another Recession Indicator Flashes

For the umpteenth time in a matter of weeks, a recession indicator has started to flash. Bitcoin, which has begun to be classified as a “safe haven” asset, may stand to benefit from such a move in traditional financial markets.

5.Coinbase and Barclays Part Ways, Will UK Users Be Affected?

It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank.

6.Would Blockchain Better Protect User Data Than FaceApp? Experts Answer

FaceApp — the mobile application that has blown up your Instagram feed with pictures of your followers as old people, the opposite gender or babies — has raised a lot of concerns about potential privacy violations for users that upload their photos to be edited. Rumors have circulated that the application might even be taking users’ photos from their phones and uploading them to the FaceApp cloud server without explicit permission.

7.Silvergate Bank Plans to Offer Cryptocurrency-Collateralized Loans

The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans.

8.Bitcoin May Be Laying the Groundwork for a Trend Reversal

Following Bitcoin’s recent plunge into the mid-$9,000 region, the cryptocurrency has been able to post a strong and sustainable bounce that has allowed it to secure a foothold within the mid-$10,000 region.

10.Crypto Mining Company CoinMine Secures $2.5 Million in Seed Round

Economist and crypto analyst Alex Krüger believes that $20,000 won’t be the all-time high (ATH) bitcoin price for much longer.



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