Month: March 2019

Ethereum Price Analysis: ETH Bulls Comeback Could Gain Momentum

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ETH price traded to a new weekly low near $131 and later climbed higher sharply against the US Dollar. The price broke a few important resistances near the $133 and $134 levels. This week’s followed major bearish trend line was breached with resistance at $135 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading nicely above the $135 level and it may continue to rise towards the $138 resistance. Ethereum price reacted sharply after testing major supports against the US Dollar and bitcoin. ETH…

Bitcoin (BTC) Now Entering “Bear-To-Bull” Phase, Claims Analyst

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Bitcoin To Breakout For $6,000 Towards EoY While the crypto market slipped on Monday, some traders have kept their heads high. Through a recent Trading View post/update, Magic Poop Cannon, a highly optimistic Bitcoin (BTC) analyst, explained why he believes the lead cryptocurrency is entering a “long bear-to-bull transition phase.” He first draws attention to the 150-day moving average (150 MA). The 150 MA isn’t as conventional as the 200 MA, which investors en-masse see as a level of utmost importance, but Magic claims that it has been a level…

Alleged CabbageTech Crypto Fraudster Indicted on Nine Counts

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United States Attorney for the Eastern District of New York Richard P. Donoghue unsealed a nine-count indictment against Patrick McDonnell today, according to a press release from the Department of Justice (DoJ) on March 26. Following his arrest earlier today, McDonnell — the owner and operators of purported investment firm CabbageTech — was charged with nine counts of wire fraud in connection with an alleged plan to defraud cryptocurrency investors. Donoghue said in the press release: “As alleged, the defendant defrauded investors by making false promises and sending them fraudulent…

Lazarus Hacker Group Adopts New Methods, Continues Targeting Crypto

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Alleged North Korea-sponsored cybercrime group Lazarus is still targeting cryptocurrencies and adopting new tactics, according to a new report from cybersecurity and anti-virus company Kaspersky Lab published on March 26. The report reveals that allegedly state-sponsored hacker group Lazarus has been active with a new operation since last November, wherein the group uses PowerShell that allows them to manage and control Windows and macOS malware. The Lazarus team has reportedly developed custom PowerShell scripts that interact with C2 malicious servers and execute commands from the operator. C2 server script names,…

Bitcoin Futures Kingpin Reveals Why Regulators Hate Crypto

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Bitcoin might have taken the financial world by surprise. But regulatory squeamishness ensures that it is still far away from gaining mainstream adoption on Wall Street, according to Terry Duffy. CME’s Terry Duffy: Regulators Detest Bitcoin’s Finite Supply The CME Group chairman and CEO told Business Insider that the biggest thing that is keeping governments away from bitcoin is its finite supply. The cryptocurrency’s supply cap does not fit well with modern economic theories, which allow governments to print money at will. With bitcoin providing no such control, Duffy said…

Hershey Chocolate Company Joins Blockchain Advertising Consortium

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Blockchain-based consortium AdLedger has on-boarded The Hershey Company, a leading American chocolate production company, media outlet AdWeek reported on March 26. Hershey, along with French media group Publicis Media and The Global Audience Based Buying Conference & Consultancy (GABBCON), has reportedly joined AdLedger. AdLedger was founded by IBM, Tegna and blockchain company MadHive in 2018, and is a nonprofit consortium that develops shared ledger technologies for the digital advertising market. Apart from advertising, Hershey’s deployment of blockchain technology could be expanded to the operation of chocolate factories, facilitating tracing of…

DragonEx Crypto Exchange Hack Highlights the Importance of Using Reputable Platforms

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The crypto industry has once again bore witness to an exchange being hacked by nefarious actors, with the latest exchange to fall victim being the Singapore-based DragonEx, which announced today that an undisclosed amount of multiple digital currencies have been stolen. The latest hack is now highlighting the importance of cryptocurrency traders and investors utilizing safe and reputable cryptocurrency platforms that heavily utilize cold storage in order to hedge against the on-going risk of being hacked. Another Day, Another Crypto Exchange Falls Victim to Hackers  Earlier today, the exchange notified…

Crypto Analytics Firm Messari Introduces New Exchange Index Following Fake Volume Reports

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Cryptocurrency analytics firm Messari has added a new index for 10 cryptocurrency exchanges, the company announced in a blog post on March 26. Messari launched a new product dubbed “Real 10 Volumes” on its OnChainFX dashboard to limit its default volume calculations to the chosen exchanges. The “Real 10” trading platforms include Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, and Poloniex. In the post, Messari said that the aforementioned exchanges reported “significant and legitimate trading volumes via their APIs [application programming interface].” The company further revealed that…

Bitcoin.com Is Giving Away 6 Tickets for the Anon Blockchain Summit in Austria

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Bitcoin.com is giving you the chance to win one of six tickets to attend the Anon Blockchain Summit Austria 2019. Winners will be picked randomly and announced via social media channels on Friday. Also read: Win $5K of BCH Playing Cashgames From Bitcoin.com 6 Tickets Are up for Grabs To take part, you need to visit Bitcoin.com’s giveaway page. Each winner will be sent a code that can be redeemed at the summit’s Eventbrite site. To do so, click “Enter Promotional Code” in the top right corner of the ticket…

YouTube Reportedly Runs Malicious Ad for Bitcoin Wallet Electrum by Accident

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Video-sharing platform YouTube purportedly ran a malicious advertisement for Bitcoin (BTC) wallet Electrum by mistake, according to a Reddit post published on March 26. Viewers interested in the advertisement were redirected to a malicious link using a common scamming method called typosquatting or URL hijacking. In the Reddit post, a user named mrsxeplatypus warned the public about the promotion of a malware version of Electrum, and described how the scam ad worked: “The malicious advertisement is disguised to look like a real Electrum advertisement […] It even tells you to…