Bitcoin Disrupts France’s Massive $2.5 Trillion Life Insurance Market

If you’re wondering if bitcoin will ever attain wide-scale adoption, look no further than France. French insurance companies can soon include cryptocurrencies in life insurance contracts, thanks to a vote by France’s National Assembly. Pact Act Swings Door Open for Insurance Companies to Invest in Crypto Deputies overhauled the Insurance Code via the Pact Act, with Article 21 swinging open the door for life insurance contracts to invest in specialized professional funds (SPFs), whose investment parameters have reportedly been “relaxed” as a result of yet another provision. Article 26 gives the SPFs the freedom to invest in blockchain-backed assets. Simmons

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Dow’s Massive Surge Exposes Wall Street’s Staggering Gullibility

The Dow and broader U.S. stock market edged closer to record highs on Friday after two of America’s biggest banks reported better than anticipated corporate results, proving once again that you can fool investors by setting expectations low enough. Dow Surges While S&P 500 Clears 2,900 All of Wall Street’s major indexes reported gains Friday, reflecting a solid pre-market session for Dow futures. The Dow Jones Industrial Average surged 269.25 points, or 1%, to close at 26,412.30. The broad S&P 500 Index of large-cap stocks climbed 0.7% to 2,907.41, with ten of 11 primary sectors reporting gains. Financials, industrials, and

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Mt. Gox: Legal Advocate Quits, Takes Massive Loss on Bitcoin Claim

Andy Pag, who founded Mt. Gox Legal, has resigned his position as leader of the group, which represents the majority of the now-defunct Bitcoin exchange’s creditors (users who still had funds on the platform at the time of its implosion.) While some reports have said that users could get paid as early as this year, Pag believes that the over-sized claim of startup incubator and one-time Mt. Gox partner CoinLab will slow the process to a crawl. CoinLab’s $ 16 Billion Claim Slows Civil Rehabilitation Process It could be years before creditors ever see any money. The cryptocurrency available to disperse

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Bitcoin Wallet Electrum’s Servers Are Under Massive Attack

Electrum Bitcoin wallet users should ensure that they’re using the latest version and that it’s from an official source. If users find themselves urged to “update” by the client, they should know that there is no update mechanism within Electrum itself. This urging comes as the popular crypto wallet faces a massive DoS attack designed to trick users into installing Bitcoin-stealing malware. Electrum Users MUST Upgrade to Latest Version Currently, a massive attack targets the hundreds of servers that service Electrum wallets. Previous attacks have netted hundreds of bitcoins. Electrum is an SPV wallet, meaning that the user doesn’t need

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Massive Dow Rally Will Be Unleashed as Trade Deal Nears End-Game

U.S. President Donald Trump has already laid out all the fundamental catalysts for a potential Dow run: the Federal Reserve is not pondering a rate hike, jobs growth is strengthening at a rapid rate, and consumer confidence is on the rise. Dow Hits 6-Month High as Trump Lays Groundwork for Dow Rally Every imaginable fundamental stimulus has been established to fuel the U.S. stock market, and so far, it has been working. For the first time since October 2018, the Dow has surpassed the 26,400-point mark with a decent 0.13 percent gain on the day, primarily due to the reluctance

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Bitcoin Curiosity Went Parabolic During Tuesday’s Massive Rally: Google

Google’s trend explorer shows that global searches for the keyword ‘bitcoin’ more than tripled during Tuesday’s massive rally. Bitcoin Searches Spike as Crypto Market Booms While the precise number of searches was not available, Google’s backend algorithms determined Tuesday’s search volume by comparing it with the number of queries over time. Early Tuesday morning, the volume of ‘bitcoin’ searches went parabolic, more than tripling over a matter of hours. Crypto interest tapered on Wednesday but remained noticeably higher than earlier in the week. Google’s trend data further revealed that ‘bitcoin’ searches were most popular in Nigeria, followed by South Africa,

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Massive Bitcoin Exchange Hack Exposes Bithumb’s Arrogant Disregard of Security

In another blow to the crypto industry’s reputation, South Korean bitcoin exchange Bithumb was hacked again on Saturday morning. The hack marks the second time the exchange has been successfully penetrated in less than a year. Is arrogance or incompetence to blame? Bithumb Hadn’t Even Repaired its Reputation Since the Last Hack The Bithumb hack saw the offenders make off with around $ 20 million worth of EOS and Ripple (XRP). Three million EOS were stolen, along with 20 million XRP tokens. Influential crypto analyst Dovey Wan initially tweeted that the exchange’s cold wallet had been targeted, though that ultimately proved

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Tron CEO Triggers Massive Backlash after Yanking Tesla Giveaway Prize

By CCN: The CEO of crypto project TRON has come under fire for a Twitter Tesla giveaway that doesn’t seem to involve giving much away at all. After announcing a $ 2o million “global appreciation campaign,” including a Tesla giveaway, Justin Sun has backed out and refused to give the winner his car. TRON’s Tesla Giveaway Gone Wrong Sun announced the winner publicly on Twitter before deleting the tweet and revoking the prize. I thank all those who support me, this type of scam must end in the #crypto community, it is unfortunate that @justinsuntron acts in a seemingly dishonest act,

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