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It’s Not Just Crypto: 2,000 Robinhood Accounts Compromised

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  • Hackers had a field run a couple of days ago, targeting the popular retail-oriented trading application Robinhood.
  • Almost 2,000 Robinhood Markets accounts were compromised in a spree that saw customers’ funds siphoned off, according to a Bloomberg report.
  • Robinhood disclosed that a “limited number” of their customers had been struck by hackers who managed to gain access through breaches of personal email accounts outside of the application.
  • “The security of Robinhood customer accounts is a top priority and something we take very seriously.” – The company said in a statement.
  • The trading application reportedly has over 13 million customer accounts and is considering whether to add a phone number in combination with other tools, a person familiar with the matter told Bloomberg.
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  • A few of the victims said that they failed to find any signs of criminals compromising their emails. On the other hand, however, some said that their brokerage accounts were compromised despite the two-factor authentication.
  • In late 2019, a massive email breach took place at one of the most popular Bitcoin margin trading exchanges, BitMEX. The company clarified that nothing beyond email addresses was leaked, though this raised serious concerns with respect to the security measures put in place.
  • The latest events show that it’s not just the cryptocurrency field that hackers are targeting but also traditional market trading applications and services, highlighting the importance of turnkey security solutions.
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Source: https://cryptopotato.com/its-not-just-crypto-2000-robinhood-accounts-compromised/

Blockchain

98% of Unspent Bitcoin Transactions Could Sell for Profit: Report

A quirky metric from Glassnode is the latest to remind us that Bitcoin’s price has risen.

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In brief

  • Most of the dormant Bitcoin would sell at a profit.
  • That means the coins are worth more now than when they entered wallets.
  • That’s partly because Bitcoin’s price just rose above $13,000.

Here’s another metric that describes Bitcoin’s recent success, per analytics site Glassnode: “98% of all unspent Bitcoin transactions (UTXOs) are currently in a state of profit.”

“A level not seen since Dec 2017, and typical in previous $BTC bull markets,” said Glassnode in its tweet. What’s this mean? Is this Good For Bitcoin? Number go up? (Hasn’t it gone up enough?)

What this metric describes is that all of the Bitcoin sitting in wallets right now would sell for a profit when compared to the value of that Bitcoin when it entered those wallets.

Kinda. An unspent transaction, or UTXO, refers to Bitcoin that one has a right to sell. If you sent Decrypt a Bitcoin, Decrypt would receive the right to one Bitcoin transaction, which until we move the coin is unspent (hence the name).

If Decrypt then donated 0.5 of our Bitcoin to Joseph Lubin (whose company, ConsenSys, contributes funds to this editorially independent publication), he would receive one unspent transaction and our remaining half of a Bitcoin would turn into another unspent transaction. And so on.

Glassnode’s metric is a roundabout way of making the point that most of the money sitting around in Bitcoin wallets could be sold for a profit.

Its tweet today is the latest to show that Bitcoin is performing well at the moment. It hit just over $13,000 this week, a record unmatched since the end of last June. And all for a coin that was toying with the $4,000 mark in March! Where’s the Glassnode chart that expresses Decrypt’s surprise?

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Blockchain

I Like Bitcoin Even More, It’s The Best Inflation Trade: Billionaire Investor Paul Tudor Jones

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  • Billionaire hedge fund manager Paul Tudor Jones III has become an even bigger Bitcoin fan following the most recent price developments.
  • As CryptoPotato reported back in May, Jones bought an undisclosed amount of BTC to protect himself amid the rising fears of increased inflations.
  • In an interview with CNBC’s Squawk Box, the prominent investor doubled-down on his words that Bitcoin serves as a hedge against the failing traditional financial world.
  • Jones noted that “I like Bitcoin even more now than then [when he bought BTC in May]. It’s in the first inning and has a long way to go.”
    Paul Tudor Jones
    Paul Tudor Jones
  • He also clarified now that BTC has a single-digit percentage in his investment portfolio. However, he believes that Bitcoin could outperform all other traditionally regarded as safe-haven investment assets:
  • “The reason I recommended Bitcoin is because it was one of the menu of inflation trades, like gold, like TIPS breakevens, like copper, like being a long yield curve and I came to the conclusion that Bitcoin was going to be the best inflation trade.”

  • Jones is not the only representative of the traditional investment world to have come on board the Bitcoin bandwagon. The Former CEO of the insurance giant Prudential and current Chairman of Sanders Morris Harris, George Ball, recently said that BTC is an attractive long-term investment.
  • In addition, giant companies like MicroStrategy and Square recently purchased millions of dollars worth of Bitcoin.

Featured Image Courtesy Of CNBC

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Source: https://cryptopotato.com/i-like-bitcoin-even-more-its-the-best-inflation-trade-billionaire-investor-paul-tudor-jones/

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XRP Bulls Step in With a 5% Daily Increase, Is $0.30 Next? (Ripple Price Analysis)

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XRP/USD – Buyers Finally Break Above Symmetrical Triangle

Key Support Levels: $0.26, $0.251, $0.245.
Key Resistance Levels: $0.261, $0.271, $0.279.

XRP went through a rollercoaster of price action yesterday as it reached as high as $0.271 (bearish .618 Fib) and as low as $0.228 (.618 Fib) during the 24 hours.

The cryptocurrency had been trading within a symmetrical triangle and rebounded from the lower boundary at the start of the week. Despite the whipsaw like movement yesterday, the daily candle still closed beneath the triangle’s upper boundary.

Today, XRP pushed higher to break toward the upside of this triangle. It reached the resistance at $0.261, provided by a bearish .5 Fib Retracement level.

xrpusd-oct22
XRP/USD Daily Chart. Source: TradingView

XRP-USD Short Term Price Prediction

Moving forward, if the buyers can break the current $0.261 level, higher resistance lies at $0.271 (bearish .618 Fib Retracement). Following this, resistance lies at $0.279 (1.414 Fib Extension), $0.286 (bearish .786 Fib), $0.295 (bearish .886 Fib), and $0.3.

On the other side, the first level of support lies at $0.26. Beneath this, support is expected at $0.251, $0.245 (100-days EMA), and $0.237 (200-days EMA).

The Stochastic RSI produced a bullish crossover signal, which helped the recent push higher.

XRP/BTC – XRP Briefly Penetrates Beneath 2000 SAT.

Key Support Levels: 2000 SAT, 1960 SAT, 1915 SAT.
Key Resistance Levels: 2050 SAT, 2127 SAT, 2200 SAT.

XRP has been struggling throughout the entire month of October against Bitcoin. Yesterday, the coin fell from 2050 SAT and broke beneath 2000 SAT. It continued to spike as low as 1915 SAT where it found support at a downside 1.618 Fib Extension.

The coin managed to close the daily candle at the 1960 SAT level (downside 1.272 Fib Extension) and it has rebounded back above 2000 SAT today as it trades at 2015 SAT.

xrpbtc-oct22
XRP/BTC Daily Chart. Source: TradingView

XRP-BTC Short Term Price Prediction

Looking ahead, if the buyers continue higher, the first level of resistance lies 2050 SAT. Above this, resistance lies at 2127 SAT (bearish .236 Fib), 2200 SAT, and 2260 SAT (bearish .372 Fib & 100-days EMA).

On the other side, if the sellers break back beneath 2000 SAT, support lies at 1960 SAT, 1915 SAT, and 1900 SAT.

The Stochastic RSI is in extremely oversold territory as we wait for a bullish crossover signal to send the market higher.

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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/xrp-bulls-step-in-with-a-5-daily-increase-is-0-30-next-ripple-price-analysis/

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