Day: March 19, 2019

Ripple (XRP) Army A Manufactured Web of Bots, Research Reveals

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Ripple prices consolidation XRP Army a blend of phony accounts and bots Transaction levels lows and averages more than half that of Feb 24 and 25 Geoff Golberg, an independent researcher with the application of Network analysis on social and blockchain data is confident that the harassing XRP Army consists of fake accounts and bots. If anything, this is negative for price and XRP could print lower. Ripple Price Analysis Fundamentals An independent report now reveals that the so-called XRP army is a lie. Instead, the army consists of thousands…

Malware Targets Israeli Fintech Firms Working in Crypto, Forex Trading

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Israeli fintech companies that work with forex and crypto trading are being targeted by malware, according to a blog post from threat research department Unit 42 of cybersecurity company Palo Alto Networks published on March 19. Per the report, Unit 42 first encountered an older version of the malware in question, Cardinal RAT, in 2017. Since April 2017, Cardinal RAT has been identified when examining attacks against two Israel-based fintech companies engaged in developing forex and crypto trading software. The software is a Remote Access Trojan (RAT), which allows the…

Kudelski Security Announces Partnership with Hosho To Secure Blockchain Ecosystems

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Kudelski Security, the advisor and cybersecurity innovator for today’s most security-conscious organizations, today announced a strategic partnership with Hosho, a global leader in blockchain security and smart contract auditing. The partnership is expected extend the capabilities of Kudelski Security’s recently launched Blockchain Security Center, and makes the companies’ unique skillsets, market-leading services, and proven intellectual property available to help forward-leaning organizations better secure their use of Blockchain and distributed ledger technology. Smart contracts are the most critical and jeopardized piece of a Blockchain company’s technical ecosystem. Contract vulnerabilities can be exploited…

Japanese Company Launches New Stablecoin Pegged to the US Dollar

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A Japanese company has launched an ERC-20-compliant stablecoin that it says offers “absolute decentralization, maximum security and a reliable source of stability in the face of volatility.” As its name suggests, USDDex is directly pegged to the United States dollar, helping traders to move their money into crypto without exposing themselves to the erratic price movements seen in other major digital assets such as Bitcoin and Ethereum. The company believes that its stablecoin could become a viable alternative to fiat and trigger the mainstream adoption of cryptocurrencies, giving employers a…

Bitcoin Price Pounds into Bull Market, Could Surge to $400,000: Analyst

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As the bitcoin price continues to hover in a tight range just below $4,000, crypto investors are breathlessly waiting to find out whether bitcoin price can punch through the resistance line that thwarted its most recent attempt to initiate a new bull market. Below, we examine both the bull and bear case for bitcoin as traders position themselves to be on the right side of the crypto market’s next major move. Bull Case: Bitcoin’s Losing Streak is Over, Could Rally to $400,000 Writing at ThinkMarkets UK, Chief Market Analyst Naeem…

Fortune 500 Company Avnet Works With BitBay to Add Bitcoin, Bitcoin Cash Payment Option

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Avnet, Inc, one of the world’s largest distributors of electronic components and technology solutions providers, has announced a collaboration with crypto payment processor BitPay to accept cryptocurrency for the company’s services and products. The development was disclosed in an official press release published on March 19. Avnet, Inc., which has been listed on Fortune 500 for 24 years, had an annual revenue in 2018 of more than $19 billion. The press release writes that Avnet will accept payment with Bitcoin (BTC) or Bitcoin Cash (BCH), while BitPay will verify the…

QuadrigaCX Co-Founder Michael Patryn Is Actually Convicted Criminal Omar Dhanani: Report

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A co-founder of controversial QuadrigaCX exchange was reportedly involved in multiple criminal activities in the past, Bloomberg reports on March 19. Michael Patryn, who co-founded Canadian crypto exchange QuadrigaCX along with Gerald Cotten in 2013, was previously known as Omar Dhanani, a person that was involved in multiple crimes in the United States, Bloomberg states. $145 million in clients’ crypto assets was found to be missing from the QuadrigaCX exchange after its co-founder and CEO Cotten died at the age of 30 from complications of Crohn’s disease in December 2018.…

Blockchain Goes Hollywood is Expected to Attract Blockchain and Crypto Experts, Investors and Celebrities to Epic multi-day Event

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Blockchain Goes Hollywood is inviting people to pack their bags and head over to Los Angeles as the organizers are expecting the event to attract some of the world’s most exciting and innovative Blockchain and cryptocurrency experts, investors and celebrities for exciting multi-day experiences to be held May 30-June 2, 2019, in one of the world’s top destinations. Founded by BlockNet Group CEO Robert Corriveau, Blockchain Goes Hollywood is said to move beyond today’s crypto-chatter by deep-diving into real-life applications of Blockchain and its implication for the future. Industry leaders, regulators,…

XLM Surges 11% after IBM Partners 6 Global Banks to Use Stellar Blockchain

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XLM, a cryptocurrency backed by Stellar Lumens, an open-source, decentralized payment protocol, surged as much as 11-percent in the past 24 hours. STELLAR PRICE RISES 11% FOLLOWING IBM-BANKS PARTNERSHIP | SOURCE: COINMARKETCAP.COM The upside move started brewing during the early European trading session on Monday, as the XLM moved from 0.108 to 0.118. The trend underwent a small correction, hinting a minor bull flag formation, that led the price to Tuesday morning low at $0.113. XLM retested the same level once again following an upside rejection during today’s European session.…

Clients Take Crypto Fund Manager to Court, Cite $14.2 Million in Losses

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The founder of what reportedly claims to be Australia’s first online mattress retailer OzMattress and cryptocurrency fund manager Stefanos Papanastasiou is about to be brought to court by his clients over the loss of over AUD$20 million ($14.2 million). Daily Australian newspaper The Age reported about the controversy on March 19. Per the report, Papanastasiou told his clients in 2017 that he had spent half a million Australian dollars ($355,000) to develop an algorithm that delivers substantial returns through the trading of Bitcoin (BTC) and Ethereum (ETH)-based tokens. According to…