Explainer: ‘Anonymous’ unleashes Twitter storm with George Floyd claims, but who’re they? – The New Indian Express

Online Desk

"Activist/hacktivist collective" Anonymous has taken Twitter by a storm after the recent Minneapolis police brutality that led to the murder of George Floyd shook the world's conscience.

The group that has caused quite a stir, took to Twitter and other social media platformsa week ago to condemn the murder of 47-year-old Floyd, who died afteran officer knelt on hisneck even as he gasped for breath, sparkingwidespread protests across the US, curfews in major cities and also led to the US President Donald Trump taking refuge in a White House bunker as tensions escalated.

But, first things first.

What/whoexactly is 'Anonymous'?

'Anonymous'claims to be a"decentralisedinternational hactivist movement"that originated in 2003 and has conducted many digitalexposes since then, much to the discomfiture of governments and influential people.

It has now re-emerged with a series of tweet threads and videos from its unverified Twitter handles, which were quick to go viral -- especially those on the George Floydcase wherein a figurewearing aGuy Fawkes mask,(portrayed in the popular dystopian novel and Hollywood film 'V for Vendetta') spoke about how racial inequality masked as police brutality has affected the United States for a long time.

Police brutality and murder is a widespread problem in the United States, which has undoubtedly infected nearly every jurisdiction in the country.

"But, the Minneapolis police department is among the worst and has a horrible track record of violence and corruption. This weeks brutal killing of George Floyd, which has sparked protests and national outrage, is just the tip of the iceberg in a long list of high-profile cases of wrongful deaths at the hands of officers in your state, they appeared saying.

The impact of the clip was far-reaching and it went on to garner over 37 million views despite being pulled down by social media sites multiple times. Word was quick to spread and netizens, who were already enraged and hadbeen incessantly protesting under the banner of 'Black Lives Matter',demanding accountabilitywere instantly intrigued.

But George Floyd's isn't the first cop brutality case to catch theireye.

In 2014, Anonymoushackedthe City Hall website of Ferguson, Missouri, after the fatal shooting of 18-year-old black teen Michael Brown, threatening more action if the protestors were hurt. They also releasedthe name of the officer they deemed responsible, a claim the police denied.

Later that year, Anonymous also released information on 12-year-old African-American teenager Tamir Rice's shooter.

This time too they did something similar by allegedly disablingthe Minneapolis police department website for a while andleaking the email addresses and passwords of the officers.

But, let's backtrack a bit.Is thisAnonymous' modus operandi? For that, a quick look at some of its past activities.

Claim to fame

Some of the most notable actionsthat grabbed eyeballs include:

Operation Chanology (2008) - In 2008, Anonymous attacked the Church of Scientology after a video of celebrity Tom Cruise surfaced online praising his faiththatthe Church wanted taken down. Viewing this as internet censorship, they adapted measures like distributeddenial-of-service attacks(DDoS)prank calls, and other means to disrupt the church's services such as investigating its tax exemption status in the US with the help of the Internal Revenue Service. Anonymous has also openly advocated against homophobia and lashed out at Churches that advocated it.

Operation Payback (2010) - Anonymous, which had openly pledged its support toWikiLeaks (an NPO that released classified data), was believed to be responsible for the attack onMasterCard andPayPal after they frozeWikiLeaks' accounts, shut down its servers and refused to engage in business with them as the US government raised objections. It had taken down both sites of MasterCard and Visa, declaring"war" on behalf of Jullian Assange (founder of WikiLeaks)that year.

Revolutionary movements across globe(2011-12)-The collective heavily supported protest movements in Tunisia (OpTunisia) when Arab Spring engulfed the nation with similar DDoS style attacks on government websites and by mobilising crowds after circulating relevant information.

Arrests of 'members' -Apart from this, many people, who claimed to plead allegiance to Anonymous have been arrested for alleged involvement in cyberattacks on behalf of them in countries like India, UK, Turkey, US, The Netherlands and Spain but no concrete links could ever be traced back to them.

OpParis (2015) - Anonymous attacked the Islamic State under its #OpParis campaignafter the Paris Charlie Hebdo terror massacre. On January 12, they brought down a website that was suspected to belong to one of these groups and claimed to shut down over1,000 Twitter accounts linked to the terrorist outfit in 2015.

Alright, but how do they recruit people andwhat is their ideology?

One doesn't really know. The collective has not endorsed any political ideology or stance although most of its activities point toward a revolutionary orientation. Mobilisation of people who can speak truth to power seemsto be the agenda - one that they seek to achieve via cyberwars and attacks.

Resurgence with George Floyd

Cut to June 2020, the collective seems to be focussed on providing updates and information to the protestors as they are still continuing their battle in various cities like New Yorkand other places across the globeeven as Floyd willbe buried on June 9 in Houston, Texas.

On Twitter, Anonymous' comebackwasenough to gainthe collective's multiple accounts over 5 million followers each, all in under two days, as more revelations were promised and accountability from authorities demanded.

There may be a slight calm now but with the storm that they havealready unleashed, it's certain that they aren'tgoing away any time soon.

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Explainer: 'Anonymous' unleashes Twitter storm with George Floyd claims, but who're they? - The New Indian Express

Cointelegraph Research: Bitcoin Still Outperforms Stocks After Halving – Cointelegraph

Data published today from Cointelegraph Markets and on-chain data provider lookintobitcoin found that Bitcoin's (BTC) price remains well positioned as on-chain analysis and BTCs reaction to global events continue to play to the crypto assets strengths.

Bitcoins block reward halving occurred nearly a month ago, and many analysts believe the event failed to produce the strong pre- and post-halving rally investors expected. Despite this, there is ongoing evidence that retail and institutional investors remain focused on accumulating Bitcoin and other cryptocurrencies.

Macro assets current year returns (%). Source: Skew.com

As shown by data from Skew, Bitcoin continues to lead among asset classes as the best performing asset, with a 35.95% gain year-to-date.

Proof of increasing institutional investor interest is supported by recent reporting that crypto fund manager Grayscale Investments is accumulating Bitcoin at a rate equivalent to 150% of the new coins created by miners since the May 11 block reward halving.

Furthermore, in May, hedge fund CEO Paul Tudor Jones announced that Tudor Investment Corphad allocated roughly 1%2% of funds under management to Bitcoin CME futures.

There has also been a noticeable uptick in consumer interest in cryptocurrency and the digital payments serviceSquarerecently announced that its Bitcoin revenues increased by 71% versus the previous quarter to $306 million.

Bitcoin adoption is surging due to global uncertainties, and the increasing popularity of digital currencies has resulted in peer-to-peer Bitcoin exchanges Paxful and Local Bitcoins seeing surging demand throughout Africa and Latin America.

According to lookintobitcoin, on-chain metrics show Bitcoins fundamentals remain bullish despite any threats of post-halving miner capitulation and turmoil in global markets.

Even through the March 13 cataclysmic drop to $3,750 there was continued growth in the number of Bitcoin addresses with balances below 1 BTC.

Bitcoin addresses with a balance below 1 BTC. Source: lookintobitcoin

On-chain data also shows that long-term investors continued to hold through the crash and after the halving, suggesting Bitcoin holders have no intent to sell over the short to medium term.

To date, Bitcoin's price continues to meet resistance at $10,000, but the asset remains in an uptrend as investors have been buying into each dip below $9,500. According to lookintobitoin creator Philip Swift:

The recent confluence of the 200 day moving average and the 128 day MA creates an area of important support for price. During the 2016/17 bull market the 128 MA frequently acted as key support for price. Again, two weeks ago, price bounced right off it and ran back towards the $10,000 area.

Swift further explained that while Bitcoin continues to retest the $10,000 area, it is noteworthy that retraces from $10K are becoming less violent each time, suggesting buyers are stepping in earlier in anticipation of $10K ultimately being breached.

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Cointelegraph Research: Bitcoin Still Outperforms Stocks After Halving - Cointelegraph

3 Reasons Why Bitcoin Price Continues to Reject at $10,000 – Cointelegraph

Within the last hour Bitcoin (BTC) price rose to $10,180 on BitMEX before quickly reversing to $9,600. The quick rejection means that for the third time in 30 days Bitcoin price has rejected at the $10,000 resistance level.

Three factors that may have contributed to the volatility are: the Federal Reserves Federal Open Market Committee (FOMC) meeting, the liquidation of $14 million worth of short contracts, and the continued resilience of the multi-year resistance area from $10,000-$10,500.

BTC paints a darth maul candle at BitMEX. Source: Tradingview

The Fed had an FOMC meeting shortly before the sudden spike in Bitcoins volatility and during the meeting Federal Reserve chairman Jerome Powell stated the jobs market may have hit the bottom.

Since March, institutional investors have been cautious about the stock markets short-term trend due to the state of the labor market.

The unemployment rate was initially projected to remain in the double digits and this was a major concern to high net-worth investors. To shield against downside risk, these investors took shelter in safer alternatives like low-risk bonds.

According to Welt market analyst Holger Zschaepitz, Powell said:

We want investors to price in risk like markets should. [He] says Fed would never hold back support for the economy because it thinks asset prices are too high. Popping asset bubble would hurt job-seekers.

Despite the positive data coming out of the FOMC meeting, both the U.S. stock market and Bitcoin price dropped after it.

The trend of the largest digital asset on CoinMarketCap and equities suggests that as soon as the Fed meeting ended a sell-the-news type pullback occurred.

Within a 30-minute window, $14 million worth of Bitcoin shorts were liquidated on BitMEX alone. Compared to other exchanges, the price of BTC rose higher on BitMEX by around $100.

BitMEX XBTUSD Liquidations. Source: Skew

As the price of Bitcoin hit $9,600 in a 4% drop within less than 15 minutes, another $2 million worth of longs were liquidated.

In total, in about an hour, around $16 million worth of futures contracts were liquidated in quick succession.

Due to the decline in spot volume in the Bitcoin market since early May, the futures market has accounted for a large portion of the daily BTC volume.

When tens of millions of dollars worth of futures contracts are liquidated in a highly volatile price move in a short period of time it can cause the price of BTC to move quickly to either direction.

Since mid-2019, the $10,000-$10,500 area has acted as a strong resistance zone for Bitcoin. Every time the price of BTC attempted to break out of this range it was met with a brutal pullback.

Recently, the price of Bitcoin surpassed $10,000 moments before its big fall to $9,600. Cryptocurrency investor Koroush AK said the move reduced the importance of $9,850 as another resistance level.

He said:

This move was significant. $9,850 is now less important as a resistance. $10,000 is now more important.

In the near-term, the sudden upsurge may weaken the barrier BTC has to break to see an extended rally. But, it also leaves BTC vulnerable to a steeper pullback given that it hit an important liquidity area.

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3 Reasons Why Bitcoin Price Continues to Reject at $10,000 - Cointelegraph

Donald Trump Said Bitcoin Is Based On "Thin Air," But Wall Street Is Buying En Masse – Forbes

WASHINGTON, DC - JUNE 08: U.S. President Donald Trump pauses while making remarks as he participates ... [+] in a roundtable with law enforcement officials in the State Dining Room of the White House, June, 8, 2020 in Washington, DC. From L-R is Attorney General William Barr, Daniel J, Cameron Attorney General for the Commonwealth of Kentucky, Trump. (Photo by Doug Mills-Pool/Getty Images)

U.S. President Donald Trump said the value of Bitcoin and cryptocurrencies are based on thin air. Yet, Wall Street is increasingly investing in Bitcoin.

Grayscale, an investment firm that enables institutions to invest in Bitcoin through a publicly-traded vehicle, saw 88% of its investments come from institutional investors in the first quarter of 2020.

Fidelity, which manages $2.46 trillion in assets, found in a survey that about one third of institutions in U.S. and Europe are invested in cryptocurrencies.

Following the lead of billionaire investor Paul Tudor Jones, data shows that institutions are beginning to perceive Bitcoin as a store of value.

Institutional inflow into Grayscale Bitcoin Trust consistently increased throughout Q1 2020

In July 2019, President Trump criticized Bitcoin and crypto assets. He said their value is highly volatile and are not considered as money.

President Trump wrote:

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.

But, in the same statement, President Trump emphasized that the U.S. dollar is the most dominant currency in the world and it will stay that way.

The need to mention the dominance of the dollar along with Bitcoin and cryptocurrencies by the President showed that mainstream awareness of the emerging asset class was growing.

We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar! President Trump noted.

As the world encounters heightened geopolitical risks, global uncertainty, and an economic slump, institutional investors are portraying their willingness to take a risk in investing in a relatively new asset that could be a hedge against inflation in the long run.

In a famous essay, Xapo CEO Wences Casares laid out his investment thesis for Bitcoin and why he thinks BTC could reach $1 million.

Casares said Bitcoin is not an asset nor does it have intrinsic value. But, it is money and it transfers value effectively in a decentralized manner.

The same can be said about gold. By nature, gold does not have intrinsic value. Over time, because people considered gold to have value for thousands of years, it is perceived as a store of value.

As Tudor Jones said, Bitcoin will gain value and credibility every day that passes. Casares noted a similar point:

Bitcoin is not an asset. It does not produce earnings or dividends and it does not generate interest. And Bitcoin has no intrinsic value. Bitcoin is simply money and most forms of good money have no intrinsic value.

Bitcoin is only 11-years-old. It is not possible to conclusively state that BTC will become a world currency and evolve into an effective hedge against inflation.

But, Wall Street and institutional investors are taking the bet that BTC will eventually turn into an established store of value and money, like gold did over time.

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Donald Trump Said Bitcoin Is Based On "Thin Air," But Wall Street Is Buying En Masse - Forbes

Bakkt, Galaxy Digital to Offer Joint Bitcoin Custody Solution for Institutions – CoinDesk

Two New York-based crypto companies hope to scoop up growing institutional demand for physical bitcoin.

Announced Wednesday, Galaxy Digitals trading arm and regulated bitcoin futures provider Bakkt said the service will offer asset managers and other institutional investors a white glove trading and custody solution.

As part of the collaboration, Galaxy will provide all the trading services and functionalities, leveraging its existing plugins to 30 different exchange venues. Meanwhile, Bakkt will offer custody services through its Bakkt Warehouse, which it currently uses to facilitate physically settled bitcoin contracts.

Designed to work around the clock, the idea, according to Tim Plakas, Galaxy Digital Tradings head of sales, is to offer a safe, efficient and well-regulated route into physical bitcoin access, one that has been already proven successful in the macro hedge fund space.

We designed this partnership to service the uptick in demand our two firms have received from traditional asset managers seeking access to physical bitcoin, Plakas added.

While the idea of two big-name companies teaming up like this may seem like a titillating prospect, both Bakkt and Galaxy Digital have struggled to make much headway this year.

As a merchant bank that invests in crypto companies as well as trades digital assets, Galaxy Digital has failed to make much, if any, revenue since it first launched in January 2018. It reported a net loss of $32.9 million in the final quarter of 2019 and warned further losses from the coronavirus.

It was Galaxy Digital Trading, the branch now hooking up with Bakkt, that was responsible for pretty much wiping out Galaxys other revenue streams, losing a total $32.1 million in Q4.

Bakkt, on the other hand, has struggled to attract much footfall. Launching in September 2019 after more than a year of delays, the exchanges volumes have remained low.

For example, there was a week in January, and two weeks in late February, where not a single one of its options contracts traded. That contrasted with a broader derivative space that reported record volumes during the same timeframes.

So far this week, for instance, Bakkts total volume for monthly options contracts was stuck at zero. Bakkts futures have seen more volume, reaching record levels last month during Bitcoins halving, though its now returning to more typical levels.

UPDATE (June 10, 2020, 20:30 UTC): This article was updated for clarity.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bakkt, Galaxy Digital to Offer Joint Bitcoin Custody Solution for Institutions - CoinDesk

Bitcoins Short-Lived Spike; Russia Gets Tougher On Crypto – Forbes

Get Forbes' top crypto and blockchain storiesdelivered to your inboxevery week for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption.

Bitcoin has been hovering close to $10,000 for more than a month.

Bitcoinsurged past $10,000to a peak of $10,429 Monday evening,its highest point since February, as protests against racial injustice rocked the U.S. But it only stayed there for less than 24 hours before asudden collapse toward $9,000on Tuesday. Coinbase, the largest exchange in the U.S.,once again crashedamid the volatility

Bitcoin enjoyed modest gains the rest of the week, but a sustained move above $10,000remains elusive. It has approached that level several times since the beginning of May and surpassed it on two occasions,seemingly uncorrelatedwith typical market-moving news.

One prominent bitcoin analyst, who goes by the pseudonymPlanBand tweets models to more than 100,000 followers, is still bullish, expecting the price tohit $100,000by the end of 2021.

Source: Messari. Prices as of 3:30 p.m. on June 5, 2020.

Popular podcasterJoe Rogan rebuked Google GOOGL s targeted advertisingon his podcast this week, referencing a $5 billion lawsuit that was just filed against the search engine giant, andoffered the cryptocurrency-powered Braveas an alternative. Brave launched in 2017 after a $35 million ICO, andusers receive tokens for voluntarily watching adsfrom partner brands, but it otherwise blocks ads and website trackers. It has15 million monthly active usersand has added 1.5 million in the last two months.

The Russian government posted an updated version of its proposed law regulating digital assets this week,adding more restrictionsto the industry. The law wouldprohibit the circulation of all cryptocurrencies, as well as their mining and advertising, though simply owning it will not necessarily be a crime. Some Russian crypto enthusiasts are hopeful that there isstill room for interpretationin the law to allow for regulated security token offerings in the future.

JPMorgan hascome a long waysince CEO Jamie Dimon called bitcoin a fraud in 2017. A new book set to be released in January 2021,Kings of Crypto, reveals that Dimon has been holdingsecret meetings with Coinbase CEO Brian Armstrongsince 2018. TheWall Street Journalreported in May that JPMorgan is offering its services to Coinbase and rival exchange Gemini, and Americas biggest bank launched its own stablecoin last year.

Plus, startups like BitTorrent, Audius and VideoCoin are already using blockchain to help entertainers distribute content and live-stream events.Heres howblockchain cansupercharge the burgeoning streaming economyon a larger scale.

Blockchain forensics firm CipherTrace revealed that there was anuptick in crypto thefts in the first five months of 2020in its spring anti-money laundering report, though coronavirus-related frauds offeringfake PPE productsto lure victims were not the main cause. Most of the money stolen can be traced to one WoToken Ponzi schemer who defrauded more than 715,000 people of about $1 billionworth of crypto at current prices.

Expecting a spike in bitcoin? Investors say it may take time [Reuters]

Bitcoin Die-Hards Revisit Roots With Virtual Conference Giveaway [Bloomberg]

Meet the U.S. Senate Candidate Whos Invested in Bitcoin Since 2013 [CoinDesk]

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Bitcoins Short-Lived Spike; Russia Gets Tougher On Crypto - Forbes

Patoshi Researcher Says Altruistic Satoshi Will Never Spend His 1.1M Bitcoin | News – Bitcoin News

Bitcoin founder Satoshi Nakamoto will never spend his 1.1 million bitcoins because he is altruistic, Patoshi Pattern researcher Sergio Demian Lerner has said.

The Patoshi Pattern exploits privacy flaws of an early protocol, v.01, to identify blocks possibly minded by Satoshi Nakamoto. Lerner said the Bitcoin creator is unlikely to use his coins, which have not moved since 2009, as a fair basis for the inception of the cryptocurrency.

During a recent Ask-Me-Anything (AMA) session on Reddit, Lerner tied his assumption to the fact that the 1.1 million BTC attributed to Satoshi has not moved in over a decade. Lerner said:

Assuming Satoshi is Patoshi, I believe, based on the past history of Satoshi coins, that Satoshi wont use his coins ever. Therefore, I think that there couldnt be a fairer and a more altruistic way for Bitcoin to be born.

The Bitcoin community invoked the Patoshi Pattern research in May, to attribute 50 BTC mined during the early days of Bitcoin but suddenly moved last month to the anonymous founder of the cryptocurrency. Lerner played down the speculation, arguing that the block responsible for the 50 BTC fell outside blocks mined using the Patoshi Pattern.

In the AMA session, Lerner claimed to have more leads in the Patoshi Pattern, but said will not pursue the research further. I dont want to dig any more into that matter and I feel I contributed enough to the transparency of Bitcoin. Digging more may be entering Satoshis privacy area, he said.

Lerner also addressed how he designed the second layer Bitcoin protocol, RSK, during the session. He revealed that it took several years to uncover nuances that form the basis of his pattern.

The Patoshi Pattern relies on the assumption that Nakamoto mined in the early days of Bitcoin to validate his concepts, and that he mined using v.01 of the Bitcoin Code. Ninety-nine of the blocks tentatively attributed to Satoshi are unspent, setting them apart from blocks mined by the same pattern during the same period.

Lerner further argues that the pattern for blocks that fall within the Patoshi Pattern often ended suddenly and resumed at the point of interruption. The unlikelihood of coordinated interruption ties the blocks to one miner, and the non-movement of the coins can be attributed to Satoshis founder altruism.

The researcher, however, remains conservative with respect to the identity of the miner, despite advancing a strong case for Satoshi. He maintains that his research only arrives at a Patoshi, who may or may not be Satoshi.

What do you think about Lerners assertions? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Patoshi Researcher Says Altruistic Satoshi Will Never Spend His 1.1M Bitcoin | News - Bitcoin News

I’m Looking for Bitcoin to Attract More Interest – TheStreet

As market players wait for the FOMC interest rate policy and a Jerome Powell press conference this afternoon, they are dealing with some choppy rotational action. Apple (AAPL) and FAANG names continue to lead the Nasdaq higher while banks, airlines and other 'value' plays are selling off.

The small-cap speculative action has slowed quite a bit as the number of stocks with moves over 5% has dropped sharply from yesterday. There are still pockets of action but it is becoming narrower and more difficult to trade. One low priced stock that I've added today is WisdomTree Investments (WETF) which offers ETF investments.

As the action becomes more unstable I'm looking for Bitcoin to attract more interest. There are plenty of newly minted traders that will be looking for action and they will be enticed by a breakout over $10,000.00. I am using the Grayscale Bitcoin Trust (GBTC) as a proxy.

This chart is developing well and should attract breakout buyers around $12 which roughly corresponds with the Bitcoin $10,000 level.

This is a very mixed market right now and the major indices are doing a poor job of reflecting what is really going on. There is very strong rotation, strong interest in speculative stocks, and a tendency toward dip-buying. There are good opportunities but they are changing very quickly.

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I'm Looking for Bitcoin to Attract More Interest - TheStreet

First Mover: Crypto Broker Voyager’s Stock Has Doubled This Year, Beating Bitcoin – CoinDesk – CoinDesk

For investors looking to bet on the coming adoption of digital assets, there might be a stock for that: Shares of the cryptocurrency retail broker Voyager Digital are outperforming this year, with triple the year-to-date returns of bitcoin.

Crypto markets,just 11 years old, are evolving fast,withmore than5,500digital-tokens now in existence, many of them trotted out by entrepreneurs with scant revenue to speak of, few proven use cases and minimal supervision from government regulators.

So theres something to be said for those crypto firms that embrace the scrutiny that comes with being a public company from investors and regulators alike.

Youre readingFirst Mover, CoinDesks daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you dont have to. You cansubscribe here.

Voyager Digital is one such company,a New York-based broker that aims to helpindividual investors buy and trade cryptocurrencies. Shares in the company, which went public in February 2019 through a reverse merger, are listed on theCanadian Securities Exchangeand traded in over-the-counter markets.

On Monday, its stock price tumbled 18% to 47 cents, the biggest drop in nearly three months, after Voyager announced it had raised $2.2 million through a dilutive sale of new equity via a private placement led by investors including Susquehanna, Streamlined Ventures and the CNBC personalities Jon and Pete Najarian.

The money will be used partly to fund an expansion of the companys business beyond its core U.S. market into Canada and eventually Europe, CEO Steve Ehrlich told First Mover in a phone interview.

Voyager is a penny stock, so volatility is a part of the bargain. And indeed, the shares had shot up last week, so even after Mondays sell-off, theyre still double where they started out 2020.

That compares with a 35% year-to-date return for bitcoin.

Crypto stocks straddlecutting-edge digital-asset technology and traditional Wall Street markets. Benefits for publiccompanies include easier capital raising andpotentially free publicity with every headline that crosses. Trade-offs include stricterreporting requirements and theneed to stomachwide swings inthe ever-visibleshare price.

Its a very different model from many of the crypto industrys largest companies, mostly privateconcernslike the exchanges Binance and Coinbase and the mining computer maker BitmainTechnologies. Disclosures on the companies underlying financial healthare harder to find, if available at all.

Everything we do isscrutinized by auditors, and every decision we make as a board and as a company, we know is something that is potentially disclosable, Ehrlich said. Aprivate company has a lot more wiggle room and can do things that never get shared.

Heres how glaring that disclosure can be: Last month, Voyagerreported an operating loss of $1.78 million during the three months ended March 31, narrower than the $2.8 million deficit during the same period a year earlier.

And its cash dwindled to $1.7 million from $3.1 million in June 2019, even after private-placement capital increases totaling more than $3 million.

Another disclosure that might raise eyebrows: According to a May 20 regulatory filing, Voyager in recent monthsgot two loans totaling more than $1 million from a U.S. governmentcoronavirus-related relief fund, the Paycheck Protection Program.

Many private companies doubtless took the money without the need for immediate disclosure;some $511 billion of the loans wereapproved as of last week. But for public companies,accepting the financing meant also embracing the risk of any stigma or scrutiny that might come with the revelation.

We felt comfortable upon conversations with counsel that taking the money was a fair step for us, Ehrlich said. The financing is helping to pay for three or four new hires, he said.

It goes without saying Voyager is still an earlystartup company, focusedon longer-term trends in the crypto industry. Theres been a lot of talk recently about big hedge funds and money managers nosing into the cryptocurrency market, and Ehrlich says he believes that serving retail investors will becomea major growth market in its own right.

Ehrlich is a former executive of the online stock broker E*Trade, which helped to shake up the brokerage industry in the 2000s with its electronic trading tools andexpensive Super Bowl commercials. So hes comfortable with the idea that losses in the single-digit millions of dollars might someday turn to profits in the billions.

Many companies tread that road to profitability in private before going public with an initial public offering. Companies haveraised more than $23 billion in IPOs this yearon the New York Stock Exchange and Nasdaq, including Warner Music Group, which raised more than $1.9 billion.

It puts Voyagers $29.8 million market capitalization into context. Not exactly a unicorn.

But at least the valuation is publicand based on the collective judgment ofmarkets. Ehrlich says that in some ways its easier for the company to raise new money such as in Mondays private placement because he can offer new investors the chance to get in at a valuation predicated on a market-determined share price.

Ialways have questions when Isee valuations onprivate companies, Ehrlich said. Meanwhile, Ihave a currency that is quite attractive for people inlooking to do not just organic growth but for mergers and acquisitions.

Ehrlich said that, based on internal projections, his company has enough cash on hand to make it through 2021, when, also according to projections, the firm will turn cash-flow positive.

In the meantime, he says, some of the companys customers now jump on its periodic business-update conference calls and webcasts. It might be theirway of assuring themselves that their cryptocurrencies are safe with Voyager.

Theres no assurance, of course, that Voyager will eventually grow out of its penny-stock status or that its stock price will continue to outperformbitcoin.

But at least investorsand customers will know what the company is up to, and how its doing.

Tweet of the day

Bitcoin watch

BTC: Price: $9,714 (BPI) | 24-Hr High: $9,870| 24-Hr Low: $9,610

Trend: Bitcoins struggle for clear directional bias continues with prices trapped in the trading range of $9,350$9,900 for the seventh straight day.

Technical indicators like agolden crossoveron the daily chart, along-term bull crosson the three-day chart, and the positive reading on the weekly MACD histogram suggest the path of least resistance is to the higher side. A slide in the number of coins held on exchanges is also painting a bullish picture, as investors choose to hold.

As such, one may expect the ongoing consolidation to pave the way for stronger gains. However, the technical indicators mentioned above are based on historical data and tend to lag prices.

Additionally, the upward trend from the March low of $3,867 looks to have run out of steam. The cryptocurrency has failed multiple times to keep gains above $10,000 over the last four weeks and recently dived out of an ascending channel drawn from the March 13 and April 21 lows and the March 20 and May 7 highs.

Meanwhile, the Chaikin money flow indicator, which takes into account both prices and volumes, is printing negative values on the weekly chart. That indicates selling pressure is stronger than the buying pressure right now.

As a result, a pullback to $9,000 cannot be ruled out. A violation there would expose the higher low of $8,630 created on May 25. On the higher side, the high of $10,500 reached in February is the level to beat for the bulls.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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First Mover: Crypto Broker Voyager's Stock Has Doubled This Year, Beating Bitcoin - CoinDesk - CoinDesk

You Can Actually Learn to Think More Critically with This Online Course – Thehour.com

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You Can Actually Learn to Think More Critically with This Online Course

If you've ever thought that some people "just get it," you're not alone. Having stronger critical thinking skills can help you land some of the most coveted jobs, improve your relationships, and ensure more positive life outcomes. Unlike IQ, which is genetic, thinking skills can be developed, so you don't have to be the most "naturally" smart person to be the smartest person in the room.

In short, you just need to learn how to think. And the Mastering Thinking Skills Bundlecanteach you how to do just that.

This four-course bundle is led by Timothy Kenny, a teacher and thinking coach who has taught at the Harvard Innovation Lab, the Tufts University Entrepreneurs Society, and General Assembly in Boston. He's consulted with startup teams and helped many people build businesses faster or climb up the career ranks.

Across the four volumes of this course, Kenny will teach you how to think differently about problems and come up with solutions more creatively. He'll teach you how to use metacognition to manage your thinking at a deeper level and motivate yourself to take action after making decisions. You'll learn how to speak the language of metaphors and how to reverse engineer the strategies of the most successful geniuses in history to figure out how they reached their conclusions. Furthermore, you'll demystify 15 secret mini languages that can help you think more critically, including body language, cryptography, sign languages, and more. And, finally, you'll discover the most valuable mental math strategies that will help you succeed in business, negotiations, and everyday life.

You may not be the smartest person in every room, but you can think like it. The Mastering Thinking Skills Bundle is on sale for just $21.99now.

Prices are subject to change.

Related:You Can Actually Learn to Think More Critically with This Online CourseCritical Thinking Is the Skill Many Leaders LackThe 2 Most Important Skills for Long-Term Success

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You Can Actually Learn to Think More Critically with This Online Course - Thehour.com