Top Blockchain and Crypto News — 10/26/2020
3 critical points from JP Morgan’s bullish Bitcoin report
On Friday, Wall Street bank JPMorgan released a report covering the latest trends in Bitcoin and cryptocurrency extensively.
The report shocked much of Crypto Twitter as years prior, the firm’s chief executive seemed to have a distaste for cryptocurrencies. This has changed as Bitcoin and similar technologies have proven their legitimacy, with firms like Fidelity Investments and PayPal and investors such as Paul Tudor Jones and Raoul Pal entering the mix.
Here are three key takeaways from the report from JPMorgan.
Coinbase CEO Brian Armstrong goes against his own “no-politics” stance
Less than a month after Brian Armstrong declared Coinbase should “be laser-focused on achieving its mission,” he seemingly violated his own policy by tweeting a political post riddled with misleading information that too during business hours. In an Oct. 23 tweet from Armstrong’s personal account, the Coinbase CEO posted a link to a blog written by Rob Rhinehart on Kanye West’s presidential run with the tagline “epic post.”
Coinbase CEO goes against his own “apolitical” stance.
The blog post, entitled “Why I am Voting for Kanye West,” also seemingly goes against Armstrong’s stance on expressing political views at the crypto firm.
Chainlink is Now the Recommended Oracle Solution on PlatON
PlatON announced a new partnership with Chainlink. They will integrate Chainlink’s decentralized oracle solution in their next-generation PoS blockchain platform. The initial phase of integration will be done on the PlatON mainnet sandbox named Alaya.
“This integration ensures developers building on our scalable, decentralized, privacy-preserving blockchain have access to Chainlink’s highly secure and reliable oracles for building more advanced smart contract applications that interact with real-world information and systems, including premium data providers, legacy systems, IoT networks, cloud infrastructure, and more,” announced PlatON.
Finnish Government Held at Ransom by Hackers Seeking $500,000 Bitcoin Payout
The Finnish government and citizens are currently in psychological turmoil following a data breach that affected confidential information of psychotherapy patients, local media reported Monday.
Per the report, the hacker had demanded a ransom of $500,000 worth of Bitcoin or divulge highly sensitive information about Psychiatric patients on the internet.
The situation was traced back to two attacks in 2018, at a company that runs about 20 psychotherapy centers for the Finnish government-Vastaamo, when an unknown hacker gained access to the clinic’s patient register that contains personal details of patients who have had psychotherapy sessions.
Hacker steal $24M, returnes $2.5M to DeFi protocol Harvest Finance
Harvest Finance is now offering a $100,000 bug bounty for anyone to identify the hacker.
The DeFi sector has been the favorite target of attackers this year. And why wouldn’t it be as the industry is growing by billions of dollars each month, and that’s why it is attracting not only investors but hackers too.
The latest to be targeted by malicious threat actors is the decentralized finance (DeFi) protocol called Harvest Finance.
Harvest Finance was exploited early morning on Monday UTC. The company took to Twitter to explain what happened. The company claim that hackers exploited a DeFi ecosystem vulnerability present in the Curve’s Y pool mechanism and stole approx. $24 million.
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