Day: November 14, 2018

Bitcoin Sees Volatility as Prices Hit Three-Month Lows and Altcoins Fall

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Cryptocurrency markets are showing red across the board Nov. 14, as a steep drop in Bitcoin (BTC) ricocheted across major assets. Data from Cointelegraph’s price tracker, Coin360, and Bitcointicker confirms BTC/USD bouncing off support around $6,150 on exchanges, at press time hovering above $6,200 again. Market visualization. Source: Coin360 The dip to $6,150 marks a fresh test of the stability seen in Bitcoin for the past several weeks, the largest cryptocurrency not testing the barrier since mid August. No major events appeared to contribute to the latest declines, with some…

Twitter Has a Hard Time Dealing with Hackers, as New Bitcoin Scams Target Target

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Despite the increased security efforts, Twitter is still unable to weed out scam accounts, as U.S. retail giant Target became the latest victim of bitcoin scam hacks, The Next Web reported on November 13, 2018. This comes soon after a verified account on Twitter disguised as Elon Musk was found distributing “free bitcoins” Lucrative Twitter Scams Getting out of Hand, Not Even Retail Giants Safe The abundance of cryptocurrency scams posted on Twitter seems to be increasing as the end of the year is getting closer, and the platform seems…

Scoota Selects Ternio As Partner For Blockchain Verified Ad Campaigns

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Scoota and Ternio are collaborating to introduce enhanced transparency in its blockchain verified ad campaigns. Scoota leads the brand-safe and automated online branding whereas Ternio brings transparency to the digital advertising programs through its blockchain-enabled high transacting product, Lexicon. Scoota provides a complete programmatic platform that creates and delivers high engaging and rich ad formats globally without compromising in brand safety or creative execution. Partnership to make Scoota first to offer blockchain verified ad campaigns With this partnership, Scoota will become the first ad buying platform offering the blockchain technology…

Tax Regulator Warns of Fraudulent Requests for Tax Payment via BTC ATMs

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The Australian Taxation Office (ATO) has published a warning Nov. 14 about scammers demanding tax payments through Bitcoin ATMs. The post notes that the number of scammers who request payment through BTC has now exceeded those who ask for iTunes giftcards. Kath Anderson, the Assistant Commissioner at the ATO, said this year that the number of scammers pretending to be associated with the ATO in order to request fraudulent taxation payments had increased, asking “Australians to be on high alert for tax scams.” Back in the spring, the tax regulator…

Banks Required to Provide Fair Services to Crypto Exchanges

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On October 30, South Korea’s main financial authority officially cleared banks to work with crypto exchanges for the first time in history, establishing a major milestone for the local cryptocurrency sector. At the state affairs audit, held by both government parties of South Korea to evaluate and track the progress of every government branch and agency under the administration of President Moon Jae-in, Financial Services Commission (FSC) commissioner, Choi Jong-ku, stated that the FSC has cleared banks to work with cryptocurrency exchanges by providing virtual bank accounts. On the digital…

Espeo Software’s Espeo Blockchain To Set Up Office In Dubai

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The consulting brand of Espeo Software, Espeo Blockchain is planning to set up its office in Dubai, taking inspiration from the city’s interest in blockchain technology and growth potential. Prior to Dubai, the company opened its hub in Helsinki, San Francisco, Poznan, and Zug. According to the company, Dubai is a leading city encouraging blockchain ventures and entrepreneurship. The city has a friendly attitude towards virtual currencies and its government seems interested in introducing new technologies to the citizens of the country. According to the company it wants to fill…

IBM Thailand Promotes AI, Blockchain in Order to Create Regional Sales Hub

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The Thai branch of U.S. global IT company IBM will promote blockchain and artificial intelligence (AI) in order to turn the country into a major sales hub in the surrounding region, English-language daily news outlet The Bangkok Post reports Wednesday, Nov. 14. According to the article, IBM is going to promote blockchain in collaboration with the country’s central bank, Bank of Thailand. A recent survey by IDC-IBM shows that global spending on blockchain will reach $9.7 billion by 2021. Moreover, IBM is also discussing the possibility of blockchain education in…

Crypto Market Wipes Out $8B, Bitcoin Cash Down 24.4% in 1 Week

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Twitter Facebook LinkedIn Over the past 12 hours, more than $8 billion was wiped out from the crypto market, as several major digital assets including Bitcoin Cash (BCH) and Stellar (XLM) suffered. For the first time in the past ten days, the price of BCH has dropped below the $500 mark to $480. Within the past week, after securing a monthly high at $630, BCH has dropped by more than 24.4 percent. What’s Happening to Bitcoin Cash? Prior to a hard fork, especially a contentious hard fork in which a…

Bitcoin Price Charts ‘Death Cross’ In First Since 2014

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Bitcoin’s (BTC) price woes may not be over just yet, as a key technical indicator is about to turn bearish for the first time in four years. On the three-day chart, the 50-candle simple moving average (SMA) looks set to cut the 200-candle SMA from above, confirming what is popularly known as the “death cross.” This specific bearish crossover was last seen in December 2014. The onset of a death cross can be a warning that a bear market is looming, according to technical theory. In reality, however, it is…

McAfee Labs Warns Over New Russian Monero Cryptojacking Malware ‘WebCobra’

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Internet security provider and research lab McAfee Labs has uncovered new malware which secretly uses consumer devices to mine Monero (XMR), a blog post confirmed Nov. 12. Dubbed “WebCobra” and originating from Russia, the latest threat downloads one of two mining clients and uses the processor power of an infected device to generate coins for the perpetrators. Displaying the more “classic” behavior of so-called “cryptojacker” malware, WebCobra runs almost without a trace, McAfee Labs says, the only noticeable difference for the end user being reduced hardware performance. “Coin mining malware…