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Apple Reveals New Encryption and Privacy Features for iPhone, Mac

This fall’s iOS 15 and macOS Monterey upgrades boost web privacy for Apple device users, especially iCloud subscribers.

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In brief

  • Apple will add several new privacy and encryption features to its devices with software upgrades coming this fall.
  • The enhancements include web traffic encryption, an email-masking feature, and web-based FaceTime for non-Apple devices with end-to-end encryption.

Cryptocurrency users and privacy advocates alike often ding Big Tech for butting in on communications data, but Apple’s upcoming software upgrades, previewed today at the Worldwide Developers Conference (WWDC), reinforce its increasing focus on privacy features within its apps and devices.

New encryption and privacy functionality is coming to Apple’s premium iCloud storage subscription service, which will be rebranded iCloud+ when the features roll out this fall at no additional cost. The features will be available through the new software upgrades: iOS 15 for iPhone, iPad OS 15 for iPad, macOS Monterey for Mac, and watchOS 8 for Apple Watch.

According to Apple, the new iCloud Private Relay feature will encrypt all web traffic sent from your device, free from the prying eyes of network providers and Apple alike. Data sent from your Apple device is sent through a pair of internet relays: the first is assigned an anonymous IP address mapped to your region (but not specific location), while the second relay decrypts your chosen web address and sends you on your way.

Also coming as part of iCloud+ is a new “Hide My Email” feature, which lets you create randomized email addresses that automatically forward emails to your real address. This lets you mask your real email address from the recipient, and you can create as many addresses as you’d like and delete them at any time. You can also attach a note to remind yourself of how you’ve used each address. iCloud+ will also expand the HomeKit Secure Video feature that offers end-to-end encryption for any video footage recorded by home security cameras.

Additional privacy features will be available for all iOS 15 and macOS Monterey users, as well, not just those who subscribe to an iCloud+ storage and service plan. Mail Privacy Protection in the Mail app will block invisible tracking images in emails and mask your IP address, while the newly-enhanced Intelligent Tracking Protection in the Safari web browser will hide your IP address from trackers.

Furthermore, an App Privacy Report will provide an overview of the device permissions that you have granted to downloaded apps—such as location, camera, and microphone—so that you can adjust them as desired. It will also share which third-party domains the app is contacting, in case you spot any sketchy destinations that might be privy to your private data.

Apple will also move some Siri voice assistant requests from the cloud to your device, but only for requests that do not require an internet connection to complete (such as playing music, setting timers, etc.). Furthermore, video calling app FaceTime will add the ability to chat with Android and Windows users via web links, which will carry the same level of end-to-end encryption already found within Apple’s native FaceTime apps.

Though Apple has yet to wade into cryptocurrency, a recent job posting implies that it’s exploring cryptocurrency for payment services. Doubling down on end-to-end encryption, which keeps outside parties out of your data, would be an important prerequisite. Moreover, Apple’s new offerings even echo the Bitcoin ethos in subtle ways, with multiple email addresses being akin to using multiple wallets to conceal your identity, along with empowering users who are wary of third-party intrusion into personal data.

iOS 15, macOS Monterey, iPadOS 15, and watchOS 8 will launch this fall, which typically happens in September and in close proximity to new hardware from Apple. A developer beta released today for all four software upgrades, with public beta versions coming in July.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://decrypt.co/72976/apple-reveals-new-encryption-privacy-features-iphone-mac

Blockchain

Grayscale to Include 13 DeFi Tokens

Grayscale, the popular crypto manager, plans to include 13 new DeFi tokens in its investment products. The tokens will offer real-world applications to cryptocurrency owners. The Grayscale team released an asset list back in February, indicating their willingness to add new products. Names like MKR, AAVE, ADA, ZTX, DOT, etc., were among the list. While …

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Grayscale, the popular crypto manager, plans to include 13 new DeFi tokens in its investment products. The tokens will offer real-world applications to cryptocurrency owners. The Grayscale team released an asset list back in February, indicating their willingness to add new products. Names like MKR, AAVE, ADA, ZTX, DOT, etc., were among the list. While the complete list included multiple names, Grayscale clarified that it would not add every token under their portfolio. The crypto manager needs to complete multiple regulatory considerations before officially adding the tokens. 

When discussing in detail, Grayscale is currently hosting various tokens such as Bitcoin (BTC), Chainlink (LINK), Basic Attention Token (BAT), Zcash (ZEC), Bitcoin Cash (BCH), Stellar Lumens (XLM), Decentraland (MANA), Livepeer (LPT), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Horizen (ZEN), and Filecoin (FIL). On the other hand, the platform released a basic list of 13 news tokens, such as 1inch (1INCH), 0x (ZRX), Bancor (BNT), Universal Market Access (UMA), Curve (CRV), Solana (SOL), Internet Computer (ICP), Ren (REN), Kava (KAVA), Polygon (MATIC), Kyber Network (KNC), NEAR (NEAR), and Loopring (LRC). Further, the crypto managing site is also considering adding more tokens to their asset list soon.

Grayscale to Include 13 DeFi Tokens

Earlier this year, the Grayscale CEO, Michael Sonnenshein, said that the company has been moving forward with innovations to connect the finance sector with crypto/digital assets-centric financial system with the aim to offer their investors as much diversity as possible in this zone. The DeFi sector is on a roll as Grayscale plans to add 13 DeFi tokens to its portfolio. Given the stature of involved parties, this development will help the sector for a long time.

Grayscale to Include 13 DeFi Tokens

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptonewsz.com/grayscale-to-include-13-defi-tokens/

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UK Bank TSB to Prohibit Crypto Purchases on Binance and Kraken

The bank has singled out Binance and Kraken, saying the exchanges have failed to…

The post UK Bank TSB to Prohibit Crypto Purchases on Binance and Kraken appeared first on Coin Journal.

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The bank has singled out Binance and Kraken, saying the exchanges have failed to respond to security concerns

A man walks past a TSB Bank building in London

UK bank TSB is looking to prevent 5.4 million of its customers from using their accounts to buy cryptocurrency.

The commercial lender is reportedly taking this step because of concerns over increased fraud at crypto exchanges, which expose their users to further losses.

According to sources cited by The Times, TSB is specifically targeting Binance and Kraken for what it terms as the platforms’ ‘low security standards‘ that make the two exchanges most vulnerable to fraudulent activities.

The bank, which operates 536 branches across the UK, has cited instances of weak security that have allowed fraudsters to “set up e-wallets and steal people’s money.”

On 15 June TSB published advice to its customers asking them to “be extra vigilant when it comes to crypto investment advisors.” According to the bank, customers should guard against engaging with calls, e-mails or texts from crypto-related sources as they are “a scam.”

Binance denies TSB claims

TSB Bank reportedly received 849 fraud-related reports on Binance alone between March 15 and April 15. TSB customers claimed to have lost money in the 30 days, with the bank then seeking Binance’s response on the matter.

However, according to The Times report, the exchange failed to cooperate and “hardly” does regardless of all efforts.

Binance has refuted these claims, adding that it takes its responsibility on user protection “very seriously.”

When we are made aware of these claims, we immediately take action and have an excellent record of working with law enforcement agencies,” Binance said in a statement.

Kraken has also responded to TSB’s fraud accusations, with the exchange’s compliance officer Steven Christie stating that the platform Kraken had “responded to well over 1,000 different requests from law enforcement agencies in 2020 alone.”

He added that the exchange’s operations adhere to regulatory and compliance requirements.

The move by the TSB bank comes just days after UK regulator FCA warned that most crypto investors did not pay attention to warnings and advice regarding cryptocurrency investing.

Its latest research showed that nearly 2.3 million UK adults hold crypto or have invested in it before. However, just one in ten knew of the various regulatory warnings about cryptocurrency.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinjournal.net/news/uk-bank-tsb-to-prohibit-crypto-purchases-on-binance-and-kraken/

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Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K

Bitcoin flashes a classic bearish technical pattern that could crash BTC prices to below $20,000.

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Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned.

The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following a circa 10% intraday drop. In doing so, it raised the prospect of retesting its quarter-to-date low of $30,000 for either a bearish breakdown or a bullish pullback.

Bitcoin consolidates between $30,000 and $42,000. Source: TradingView.com

But as traders grapple with the ongoing medium-term bias conflict in the Bitcoin market, one classic technical pattern has surfaced to boost a bearish outlook.

The cup has turned

Spotted by Keith Wareing, an independent market analyst, the so-called “Inverse Cup and Handle” structure points to an extended downside price correction ahead in the Bitcoin market. In detail, the pattern develops when an asset forms a large crescent shape as it rallies higher and corrects lower, followed by a less extreme, upward rebound.

Traders look at the Inverse Cup and Handle pattern as their cue to open short positions to target deeper levels. The most extreme bearish target, in such a case, is determined by measuring the distance between the cup’s top and the pattern’s breakout level.

Meanwhile, traders typically spot breakout levels when the price breaks out from the handle pattern to the downside while accompanied by higher volumes.

Bitcoin Inverse Cup and Handle formation hints bearish breakout is ahead. Source: Keith Wareing, TradingView.com

Based on the chart provided by Wareing, Bitcoin’s recent price action — ranging from its pump to nearly $65,000 followed by a dump to $30,000 and a retracement to $40,000 — almost checks all the boxes that confirm the presence of an Inverse Cup and Handle structure.

Except, the Bitcoin price still awaits a bearish breakout.

The depressive Bitcoin setup appeared as traders assessed the Federal Reserve’s hawkish reversal on interest rates and inflation. Last week, the U.S. central bank signaled that it could raise benchmark lending rates by the end of 2023 instead of 2024 to tame the rising inflation.

James Bullard, one of the Fed officials, said separately on Friday that the central bank could raise rates by as early as 2022. 

Fed chair Jerome Powell also said in a press conference on Wednesday that his office would move to discuss reducing the $120bn worth of monthly asset purchases it had started in March 2020.

Bitcoin and other pandemic winners, including gold and Wall Street stock indexes, fell in tandem owing to the Fed’s hawkish tones. Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a pool of top foreign currencies, rose to its two-month high, suggesting a renewed appetite for cash among investors.

More bearish outlooks emerge

The latest Bitcoin price plunge also took cues from reports of China’s deepening crackdown on crypto mining farms in the region. The state-backed newspaper Global Times reported that authorities in Sichuan ordered miners to wind down their operations.

Sichuan is home to China’s second-largest crypto mining community. The latest ban means that 90% of China’s mining capacity, which makes 75% of the global computing supply, has probably gone offline, noted Global Times.

Bitcoin hash rate dropped to its November 2020 low following the China crackdown story. 

Bitcoin hash rate drops to 140.3 EH/s for the first time in six months. Source: Blockchain.info

Dr. Jeff Rose, the founder andCEO of Vailshire Capital Management, said that he expects Bitcoin to stay weak for the next 1-3 weeks, fearing liquidation at the end of Chinese miners.

Nevertheless, he added that the cryptocurrency’s macro outlook remains bullish as long as it holds key technical targets above 12- and 48-month moving averages.

Bitcoin’s breakdown below 12-month moving average risks wiping its market valuation by more than 50%. Source: Dr. Jeff Rose, TradingView.com

Bitcoin’s 48-month moving average is currently around the $13,000 level.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/classic-bearish-chart-pattern-forms-for-bitcoin-as-btc-price-tumbles-to-32k

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What if Michael Burry is Right? BTC Price Confirms “Death Cross” Formation

Popular hedge fund manager Micahel Burry, who correctly predicted the 2008 financial crisis beforehand, has now predicted the “mother of all crashes”. Burry has been vocal about the latest developments in the crypto space along with his views on the global macroeconomic situation. Last Thursday, the founder of Scion Asset Management said: “All hype/speculation is

The post What if Michael Burry is Right? BTC Price Confirms “Death Cross” Formation appeared first on Coingape.

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Popular hedge fund manager Micahel Burry, who correctly predicted the 2008 financial crisis beforehand, has now predicted the “mother of all crashes”. Burry has been vocal about the latest developments in the crypto space along with his views on the global macroeconomic situation. Last Thursday, the founder of Scion Asset Management said:

“All hype/speculation is doing is drawing in retail before the mother of all crashes. #FOMO Parabolas don’t resolve sideways; When crypto falls from trillions, or meme stocks fall from tens of billions, Main Street losses will approach the size of countries. History ain’t changed”.

Burry’s comments have raised anxiety in the crypto space. Bitcoin has been constantly trading under pressure for the last week and collapsed another 8% on the weekend to slip below $33,000 levels. The bitcoin price crash comes with the liquidation of multiple long positions in the last few hours.

Crypto Analyst Confirms Death Cross Formation on Bitcoin Price

The recent Bitcoin price drop on the technical charts has also confirmed the formation of ‘death cross’, a bearish indicator that occurs when the short-term average of Bitcoin drops below its long-term average.

This can lead to further downside pressure on the Bitcoin price leading to a major crash. Fred Ehrsam, co-founder of the world’s largest crypto exchange, Coinbase, also issued a similar warning with the death cross.

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  • Bitcoin price and Wall Street’s Correlation

Although Bitcoin (BTC) has been many times referred to as a hedge asset to stock, it has rather shown strikingly similar price movements with Wall Street. Recently, popular crypto analyst Willy Woo noted that Bitcoin’s further price action will be based on how Wall Street reacts.

Last Friday, June 18, the Dow Jones closed under its support levels striking fear in the market. However, the Dow Jones futures have opened 200 points up at positive levels earlier today. thus, analysts are expecting a positive opening for the start of this week. It will be interesting to see whether any positive price action on Wall Street will help BTC recover from the bottom.

Burry – “The Problem With Crypto Is Over Leverage”

The famed investor noted that the major problem with the crypto market today is very high leverage. “If you don’t know how much leverage is in crypto, you don’t know anything about crypto, no matter how much else you think you know,” he added.

But Burry added that he is not a critic of Bitcoin. “I don’t hate BTC. The long-term future is tenuous for decentralized crypto in a world of legally violent, heartless centralized governments with lifeblood interests in monopolies on currencies.”

burry is not shorting BTC because “In the short run anything is possible”. Famed author of Rich Dad Poor Dad Robert Kiyosaki also noted that there’s a major bubble brewing in the stock market. He said that he will buy more Bitcoins as it reached $24,000.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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Source: https://coingape.com/what-if-michael-burry-is-right/

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