Day: November 20, 2018

Cybersecurity Firm Detects Cryptojacking Malware on Make-A-Wish Foundation Website

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Hackers have infected the website of global non-profit organization the Make-A-Wish Foundation with cryptojacking malware, according to a report by cybersecurity firm Trustwave posted Nov. 19. According to Trustwave researchers, crypto jackers managed to incorporate a JavaScript (JS) miner CoinImp into the domain worldwish.org in order to illicitly mine privacy-focused cryptocurrency Monero (XMR). Similarly to the notorious Monero mining software CoinHive, CoinIMP has reportedly been using the computing power of website visitors to mine cryptocurrency. Per the report, the CoinImp script infected the website through the drupalupdates.tk domain, which is…

Cryptocurrencies: High volatility returns | CCG

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It’s been an extremely volatile year for Bitcoin prices. About a year ago, Bitcoin was trading in a range of $4,000 to $5,000. After climbing to a high of just over $20,000 in December 2017, it now seems to be back where it was a year ago, with several ups and downs along the way. Volatility has been standard in the cryptocurrency market since its inception. University of Michigan finance professor Uday Rajan analyzed some initial coin offerings and the secondary market returns of 222 large cryptocurrencies over the period…

Cryptocurrencies: High volatility and returns

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It’s been an extremely volatile year for Bitcoin prices. About a year ago, Bitcoin was trading in a range of $4,000 to $5,000. After climbing to a high of just over $20,000 in December 2017, it now seems to be back where it was a year ago, with several ups and downs along the way. Volatility has been standard in the cryptocurrency market since its inception. University of Michigan finance professor Uday Rajan analyzed some initial coin offerings and the secondary market returns of 222 large cryptocurrencies over the period…

Microsoft Knocks out IBM for Enterprise Blockchain Crown: Report

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Twitter Facebook LinkedIn Microsoft’s Blockchain-as-a-Service (Baas) platform has taken the top spot in a ranking compiled by market foresight advisory firm ABI Research. Per the report , Microsoft managed to beat competitors in the ranking owing to the advantage it has on the actual implementation front where a wide range of platform services are offered. It also helped that Microsoft’s BaaS platform is deeply integrated with its Azure cloud service, which commands the second-largest market share in the public cloud services market globally. Big Blue IBM came second after Microsoft,…

VanEck Subsidiary Launches Bitcoin Index Based on US Spot Indices

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Investment management firm VanEck subsidiary MV Index Solutions has launched its own Bitcoin (BTC) index based on three major over-the-counter (OTC) desks, according to a press release published Nov. 20. MV Index Solutions is a firm that develops, monitors and licenses the MVIS Indices, which cover several asset classes, including equity, fixed income markets and digital assets. The new MVIS Bitcoin U.S. OTC Spot Index (MVBTCO) is based on U.S. price feeds from major OTC liquidity providers, including Circle Trade, Cumberland and Genesis Trading. Gabor Gurbacs, Director of Digital Asset…

Bitcoin Price Claws Back to $4,500 But Further Losses May Lie Ahead

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Twitter Facebook LinkedIn The bitcoin price on Tuesday nursed extensive losses of over 12 percent against the US dollar, stabbing through $5,000 as it did. BTC/USD Intraday Analysis The BTC/USD index is currently trading at the 4513-fiat price level after a minor jump from its intraday low at 4035-fiat. The knee-jerk reaction after a massive sell-off does not confirm a substantial bias shift. It looks more like a bear pennant formation that is likely to extend the bearish action as it overreaches its downside targets. BTC/USD 1H CHART | SOURCE: COINBASE,…

Israeli Startup Launches Crypto Funds Amid Institutional Push

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Since the value of Bitcoin began to recede in early-2018, investors from across the globe have sought to find a silver lining to latch onto. However, with initial coin offerings (ICOs) seeing less than adequate amounts of interest, security tokens failing to pick up steam, and corporations remaining hesitant to adopt blockchain-based technologies, investors have only found hope in institutional involvement. And, with a number of developments and cries for the arrival of the “institutional herd,” it has become apparent that finally, after a multi-month downtrend, crypto investors can find…

Tom Lee Maintains $15,000 Year-End BTC Prediction Despite Market Crash

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Despite the present market crash, major Wall Street crypto bull Tom Lee has reiterated his recently reduced year-end price prediction for Bitcoin (BTC) at $15,000 in an interview with CNBC’s Squawk Box on Tuesday, Nov. 20. In the recent statement, the head of research at Fundstrat Global Advisors pointed out two major types of crypto players — those who are “using it and have wallets in crypto,” and those who belong to a speculative side of the market. According to Lee, those two sides of the crypto community should find…

Report: Bitcoin Use in Payments Collapsed This Year

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Bitcoin (BTC) use for commercial payments has reduced significantly this year, according to a study by Chainalysis cited by Reuters Nov. 20. To prepare the study, Chainalysis reportedly surveyed 17 Bitcoin payment processors. The amount of BTC handled by major payment processors reportedly dropped by almost 80 percent from the beginning of the year to September. The analysis of individual payment processors’ figures reportedly shows a downward trend. At Canadian firm Coinpayments, the value of transactions has fallen by more than half between January and October 2018, Reuters reports, citing…

Bakkt delays its launch until next year

The ICE’s bitcoin futures trading platform Bakkt is delaying its product launch. The U.K.’s FCA is considering a ban on some cryptocurrency-based derivatives, a senior executive has said. The Alabama Securities Commission is taking a hard stance on would-be ICO frauds. The U.S. Department of Justice is increasingly focusing a months-long investigation into crypto market manipulation on the tether stablecoin. Late Confirmation is a CoinDesk production. For more information, visit www.CoinDesk.com Source