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Watch Filecoin Talk Past, Present and Future in our Exclusive Chat

See our fireside chat with Juan Benet and the executive team of Filecoin talk tokenomics, lessons learned and the promise of a decentralized future.

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If you missed the chance to see Filecoin talk about the launch of their mainnet, and hear from the CEO Juan Benet explore the future of the decentralized storage network well you’re in luck.

We’ve recorded the whole thing, and you can watch it by clicking below.

On top of that, hear from Molly Mackinlay the senior product manager at Filecoin, Pooja Shah, head of product at Filecoin, Colin Evran ecosystem lead at Protocol Labs and others.

Around the Campfire is an intimate online salon featuring crypto’s biggest names. If you’re interested in working with the Decrypt team on hosting a salon around your project, get in touch

Sponsored by Protocol Labs

This sponsored article was created by Decrypt Studio. Learn More about partnering with Decrypt Studio.

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Polkadot-based DEX Polkastarter to partner with Moonbeam

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Polkastarter, a Polkadot-based DEX built for cross-chain token pools and auctions, has partnered with Moonbeam, an Ethereum compatible parachain, to enable cross-chain interoperability.

In an announcement, Polkastarter stated that the partnership would allow for easy integration between the Ethereum and Polkadot ecosystems.

Moonbeam is able to transpile Solidity and other Ethereum-native logic & code to be compatible with Substrate and Web3 environments on Polkadot.

This technology will enable Polkastarter to re-deploy current Solidity code to Polkadot with limited changes and developer time/resources for the migration.

Polkastarter is a protocol for cross-chain token sales and swaps, whose main function is to facilitate transfers between the two main smart contracting platforms: Ethereum and Polkadot.

It raised $875,000 in a seed and private sale backed by NGC Ventures, Moonrock Capital, Signum Capital, and Astronaut Capital, earlier this year.

“The technology that Moonbeam provides will save us time and effort, in order to bring better products to our users, faster. This is an important step towards making truly autonomous and decentralized cross-chain swaps and token sales a reality.”, says Daniel Stockhaus, CEO of Polkastarter.

Nate Hamilton, Head of Business Development for Moonbeam at PureStake too commented on the partnership, stating, “Their platform will give projects an easier path to token exchange and raising capital in a decentralized fashion.”

Moonbeam is also a founding member of the newly formed Polkadot DeFi Alliance, which aims to create a more streamlined conversation around Polkadot’s potential for DeFi.

Founding members of this alliance also include oracle protocol, Chainlink, and Layer 2 technology provider, Plasm network.

This alliance is expected to encourage building on the Polkadot chain, advocating for its scalability, optimization, and core governance infrastructure that is seemingly lacking in legacy networks.

Source: https://eng.ambcrypto.com/polkadot-based-dex-polkastarter-to-partner-moonbeam

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The Curious Case of a Conflicted Bitcoin Bearish Wedge

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Bitcoin is stuck below $20,000.

The flagship cryptocurrency has attempted to break above the psychological resistance level multiple times in the last two weeks. In one of the instances, it reached as far as $19,915 only to face a bearish assault at the new record high that pushed its price lower by $2,000. It is evident that traders’ profit-taking behavior goes wild when Bitcoin closes towards $20,000.

Bitcoin Wedge

But looking from a wider perspective, the entire range between $19,500 and $20,000 prompts traders to exit their bullish positions for a short-term profit. In late November, the BTC/USD exchange rate made two back-to-back attempts to break above $19,500, but it succumbed to higher selling sentiment near the level, falling to as low as $16,200 later.

A pullback ensued, and the price again faced the same bearish bias near 19,700 — a development from $19,500, nonetheless. And now, the $19,900-area is giving the same vibes, having been crashed the price to $18,109 upon its latest test.

The price behavior has left Bitcoin in a sequence of modestly increasing higher highs and lower highs. Envisioning them together makes it look like that they are forming a Rising Wedge.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Rising Wedge pattern in development. Source: BTCUSD on TradingView.com

In retrospect, traders see Rising Wedge as a bullish-to-bearish reversal pattern. So it typically happens the price ascends inside the Wedge range but breaks below its support trendline eventually. If accompanied by higher volumes, the negative breakout crashed the price by as much as the maximum distance between the Wedge’s upper and lower trendline.

Bitcoin’s current Rising Wedge pattern’s height is $3,249. Depending on where it breaks lower from, its price would likely fall by roughly $3,000. That would mean a plunge towards $17,000 — at least.

But There Is A Catch

The Wedge’s upper trendline is almost flat, with the difference between higher high levels close to $200. Some traders can also assume that it is a horizontal resistance level. If true, it would throw the entire bearish reversal theory, as discussed above, into a bin.

A horizontal line makes the entire Bitcoin structure looks like an Ascending Triangle. It is a continuation pattern wherein the asset in concern typically continues in its previous trend’s direction with a breakout above the upper trendline. An ideal bull target is as much as the height of the Triangle.

That means Bitcoin price — again — expects a move worth $3,000-3,249 but to the upside. It puts the cryptocurrency’s bull target at around $23,000.

So far, fundamentals favor Bitcoin.

The inflation narrative sticks because of the Federal Reserve’s likelihood of buying short-dated bonds and corporate debts amid a low-interest environment. On the one hand, excessive US dollar liquidity prompts investors to dump the greenback. On the other, the prospects of earning lower yields divert their attention to riskier assets like Bitcoin.

That explains why the cryptocurrency’s Rising Wedge pattern appears less threatening.

Source: https://bitcoinist.com/the-curious-case-of-a-conflicted-bitcoin-bearish-wedge/?utm_source=rss&utm_medium=rss&utm_campaign=the-curious-case-of-a-conflicted-bitcoin-bearish-wedge

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Hackers Demand 200 Bitcoin Ransomware After Compromising Leading Israeli Insurance Company’s Sensitive Data

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A notorious hackers’ group called The Black Shadow has compromised one of the largest insurance companies in Israel – Shirbit. The attackers have already released sensitive client documents and have demanded a ransom in bitcoin, which could rise to $4 million by the end of the week.

Israeli Insurance Company Hacked

According to a local media outlet, the first confirmation of the hack came on Monday evening. Representatives of The Black Shadow group posted an initial batch of compromised documents on a Telegram channel.

Shirbit had contacted the National Cyber Directorate and Capital Market Authority to open an investigation. Shortly after, the organizations confirmed the breach and indicated that the hackers have also leaked numerous insurance details, alongside the initial documents.

According to the report, Shirbit has many high-profile customers, including government employees. Company CEO Zvi Leibushor said that the safety of its clients is Shirbit’s top priority.

“Shirbit has invested millions of shekels in securing databases and protecting against cyber-attacks and meets all the stringent regulatory requirements in this area.” He added that the firm has invested “all resources and efforts needed for an effective safe and rapid solution to this cyber-attack, whose real goal is to try to harm the Israeli economy.”

Demand Requested In Bitcoin

After releasing a small part of the compromised documents, The Black Shadow reps have contacted the victims to request 50 bitcoins (about $960,000 with today’s prices).

However, in case Shirbit failed to pay the attackers within the first 24 hours, the demand would double to 100 bitcoins. The procedure will repeat and double to 200 bitcoins if another 24 hours pass without payment.

Furthermore, the hackers threatened the insurance company that if it fails to transfer the funds by the end of this week, they will sell all compromised data to other bidders.

It’s worth noting that numerous other Israeli companies and high-profile individuals have recently become victims of similar hacks and demands.

CryptoPotato recently reported that 20 Israeli crypto executives, all clients of the local telecommunications giant Partner, were hacked by stealing their SMS messages.

Another coverage informed that a new type of ransomware attacked called Pay2Key has been executed against several Israeli companies in the second part of 2020. The perpetrators had requested the demand in bitcoins, similarly to the Shirbit hack.

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Source: https://cryptopotato.com/hackers-demand-200-bitcoin-ransomware-after-compromising-leading-israeli-insurance-companys-sensitive-data/

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