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BPSAA | Blockchain Privacy, Security & Adoption Alliance

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BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

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Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

Blockchain

First Derivatives H1 Revenue Gains Marginally, Profit Drops

The company reduced its debts by 49 percent.

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First Derivatives (LON:FDP) has published its financial results for the first six months ended on August 31, 2020, showing a marginal increase in its revenue, but the profits slumped in double digits.

The total revenue of the financial software and consulting company increased by 3 percent year-on-year for the period to £119.6 million. This number came from two business segments: software, and managed services and consulting.

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The revenue from the software streams contributed 62 percent of the total Group revenue with £74.4 million. The software licensing revenue increased by 12 percent, with a 7 percent uptick in the recurring license revenue and a 56 percent increase in perpetual license revenue. 

In absolute terms, the recurring and perpetual licensing contributed £30.4 million and £4.9 million respectively. The company additionally highlighted that it is transitioning to secure all software licenses on a recurring basis.

FD’s software offerings include its fintech services, MarTech services, and software supplied to the industry.

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Managed services and consulting revenue, on the other hand, remained flat at £45.2 million. However, the gross margin in this business dropped to 21 percent from the previous year’s 24 percent.

The pre-tax profits of the company decreased by 12 percent to £7.4 million from the previous year’s £8.4 million. The adjusted EBITDA went down 2 percent to £21.5 million.

Furthermore, the company strengthened its books significantly by reducing its debts. Its net debt is now £30.6 million, compared to £60.2 million in H1 2019.

High Hopes with Fintech Services

“During the period we have demonstrated the Group’s resilience while continuing to focus on the considerable opportunity ahead,” FD chairman Donna Troy said. “It is clear that the use of data, particularly streaming operational data, to drive decision-making will become critical for enterprises, and COVID-19 will accelerate this trend.”

Kx technology is ideally placed to be the streaming analytics software of choice that customers and partners trust to solve their most demanding and complex data challenges, and it is our mission to capitalize on that opportunity.”

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Blockchain

Beware: Latest Ledger Email Phishing Scam Making The Rounds

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Consumers who have purchased Ledger hardware wallets have been waking up to nasty emails claiming that their crypto assets are in danger of being stolen. It is the latest in a long list of phishing attacks designed to lure the uninitiated into divulging their secret phrases or downloading malware.

The first round of spurious emails was asking for the 24-word recovery phrase and Ledger responded with a warning emailed to customers confirming that it would never ask for this.

The second round of emails is a little more insidious as they claim that a data breach on Ledger servers has affected the wallet associated with the target email account. It asks users to download the latest version of Ledger Live, via an email embedded link, and reset their PIN numbers.

It was reported that Ledger did suffer a data breach in July resulting in 9,500 users having their personal information compromised.

Ledger scam email

Sneaky Social Engineering

On initial glance, the email looks genuine but there are a number of key giveaways that are easy to spot for the trained eye. Firstly, the domain name is not from ledger.com but legder.com

Secondly, hovering over the link in the box (but being careful not to click it) reveals a dodgy URL; http://url9594.legder.com which is likely to result in the downloading of malware which may be able to log keystrokes, steal credentials, or mine cryptocurrency.

Crypto investors and traders have already taken to twitter to share this phishing scam and warn others about it;

Additionally, Ledger itself has published a list confirming knowledge of these phishing attempts and reinforcing the premise that funds are safe providing the recovery phrase is;

The company stated that nobody, including Ledger, should ever ask for the PIN number of recovery phrase, but this latest email was a call to action prompting the clicking of a malicious link.

Risk Mitigation

Hardware wallets, such as those produced by Ledger or Trezor, take an extra step to mitigate these risks. Ledger stated that crypto assets cannot be sent from a Ledger device unless the user physically connects it to the computer and verifies the transaction on both the computer and the device.

If malware is controlling the PC or smartphone, it cannot control the Ledger wallet, even when it is plugged into the computer.

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Source: https://cryptopotato.com/beware-latest-ledger-email-phishing-scam-making-the-rounds/

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After The Storm: Bitcoin Holds $13K Despite Wall Street Monday’s Plunge

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Despite a brief price slump to $12,800, Bitcoin has perhaps indicated signs of decoupling from the stock markets. Wall Street bled out rather viciously yesterday, while BTC has risen above $13,000 again.

Bitcoin Decouples From Stocks?

During the past several weeks, Bitcoin’s price performance has resembled that of the US stock markets. For example, when news broke out that US President Donald Trump tested positive for the COVID-19 virus, both asset groups tanked. Shortly after, when Trump left the hospital, BTC, and the stock market surged.

However, Bitcoin displayed a few yearly signs of decoupling last week. The three most prominent US-based stock indexes, namely the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average, lost value, while BTC went on an impressive roll, resulting in a fresh yearly high of above $13,350.

Yesterday’s trading session was also quite negative for Wall Street. The growing COVID-19 confirmed cases and concerns regarding the new US stimulus brought massive drops. The S&P 500 and Nasdaq declined by nearly 2%, while the Dow closed with a 2.3% decrease.

Initially, Bitcoin also followed the adverse performance. BTC was trading high above $13,200, but it vigorously tanked to its daily low of about $12,800. However, the primary cryptocurrency has recovered most of its losses since then and trades closely to $13,100.

btcusdt_char
BTC/USDT. Source: TradingView

Red Dominates The Altcoin Market

On a 24-hour scale, most altcoins have lost significant chunks of value. Ethereum has dived by 3% and trades well below $400. Just a few days ago, ETH touched $420.

Ripple (-1.8%) has dipped beneath $0.25. Bitcoin Cash (-3.1%), Chainlink (-4.6%), Cardano (-1.5%), and Litecoin (-2%) are all in the red from the top 10.

There’re two obvious exceptions – Binance Coin and Polkadot. BNB has jumped by over 1% to $31.26, while DOT has surged by 9% to $4.7.

heatmap
Cryptocurrency Market Heatmap. Source: Quantify Crypto

Further losses are evident from lower and mid-cap altcoins. Quant leads the way with a 13% decrease. Reserve Rights (-10.3%), HedgeTrade (-10%), CyberVein (-10%), Elrond (-9%), and Ampleforth (-8.5%) follow.

Nevertheless, a few coins are deep in green as well. Kusama is the most impressive gainer with a 26% surge, Ocean Protocol (14%), and Velas (9%) are next.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/after-the-storm-bitcoin-holds-13k-despite-wall-street-mondays-plunge/

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