Day: June 24, 2019

Researchers Uncover Threat of ‘Unusual’ Virtual Machine Crypto Mining

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Cybersecurity firm ESET has detected what it describes as an unusual and persistent cryocurrency miner distributed for macOS and Windows since August 2018. The news was revealed in a report from ESET Research published on June 20. According to ESET, the new malware, dubbed “LoudMiner,” uses virtualization software — VirtualBox on Windows and QEMU on macOS — to mine crypto on a Tiny Core Linux virtual machine, thus having the potential to infect computers across multiple operating systems. The miner itself reportedly uses XMRig — an open-source software used for…

‘Where’s the Gratitude, Peter Schiff?’

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Former Wall Street trader and host of the Keiser Report Max Keiser was leading the backlash against the bitcoin (BTC) naysayers this weekend as the bitcoin price passed $11,000. Using Twitter as a platform, Keiser focused on gold enthusiasts after several claimed that despite its performance, bitcoin was still an inferior bet to the precious metal. Among them was Peter Schiff, the veteran gold bug who has regularly trashed cryptocurrency both informally and via interviews while ironically also accepting it as payment. “It doesn’t matter how high the price of…

‘Where’s the Gratitude, Peter Schiff?’

boss

Former Wall Street trader and host of the Keiser Report Max Keiser was leading the backlash against the bitcoin (BTC) naysayers this weekend as the bitcoin price passed $11,000. Using Twitter as a platform, Keiser focused on gold enthusiasts after several claimed that despite its performance, bitcoin was still an inferior bet to the precious metal. Among them was Peter Schiff, the veteran gold bug who has regularly trashed cryptocurrency both informally and via interviews while ironically also accepting it as payment. “It doesn’t matter how high the price of…

Alyx Fashion Brand Launches IOTA-Powered Pilot for Supply Chain Transparency

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Alyx — the luxe fashion brand founded by erstwhile Lady Gaga creative director and Kanye West collaborator Matthew Williams — is launching an IOTA-based pilot for supply chain transparency. The news was reported by industry magazine Vogue Business on June 24. Williams — who earned a 2016 LVMH Prize finalist nomination for his work at Alyx, and spearheaded brand partnerships with Moncler, Nike and Dior Men — has launched the blockchain pilot together with manufacturing giant Avery Dennison and London-based internet of things (IoT) software firm Evrythng. As reported, IOTA…

Litecoin (LTC) Spending Avenues Increase, Bulls Gifted With Another Entry

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Litecoin (LTC) is down 4.4 percent in 24 hours Bibox, Ternio and the Litecoin Foundation to collaborate Six weeks to halving, LTC is up one spot to fourth as market cap exceeds $8 billion. At the time of writing, LTC is down 4.4 percent. Regardless, the announcement of a new debit card with Ternio and Bibox could support bulls. Litecoin Price Analysis Fundamentals At $8.4 billion, LTC’s market cap is around its all-time highs. As the first half of the year concludes, Litecoin is clearly one of the top performers.…

Facebook’s Foray into Cryptocurrency Poses New Risks for Banks

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The Bank of International Settlements (BIS) has warned that the financial services poised to be offered by big tech firms such as Facebook, Google and Amazon could generate new risks for the banking sector. The BIS — an international financial institution in Switzerland owned by 60 of the world’s central banks — published a report outlining its stance on June 23. Hot on the heels of Facebook’s newly-announced cryptocurrency, Libra, the BIS said that while big tech firms’ foray into finance can bring efficiency gains and broaden financial inclusion, regulators…

Bitcoin Hits 15-Month High as Naysayers Double Down on ‘Dead Cat Bounce’

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Bitcoin (BTC) was holding steady around $10,850 on June 24 after a fresh surge took it above $11,000 for the first time in over a year. Market visualization courtesy of Coin360 Data from Coin360 showed a slight correction kicking in for bitcoin on Monday, markets consolidating gains after a dramatic weekend. BTC/USD had climbed as high as $11,230 in recent days, marking its best performance since early March 2018. The action did not go unnoticed, with mainstream media titles appearing to struggle with explaining the return of a cryptocurrency they…

Bitcoin Hits 15-Month High as Naysayers Double Down on ‘Dead Cat Bounce’

boss

Bitcoin (BTC) was holding steady around $10,850 on June 24 after a fresh surge took it above $11,000 for the first time in over a year. Market visualization courtesy of Coin360 Data from Coin360 showed a slight correction kicking in for bitcoin on Monday, markets consolidating gains after a dramatic weekend. BTC/USD had climbed as high as $11,230 in recent days, marking its best performance since early March 2018. The action did not go unnoticed, with mainstream media titles appearing to struggle with explaining the return of a cryptocurrency they…

Bitcoin Price Surges Above $11,300 Looking for More Upside Ahead

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Bitcoin breaches another important milestone extending its gains above $11,300 levels. With this, Bitcoin has rallied over 20% in just last one week. Just within 48 hours after Bitcoin price crossed the $10,000 price levels, it has inched a 1000 points further. On Monday, June 24, Bitcoin surged past $11,300 levels according to the chart on CoinMarketCap. However, it quickly retraced from those levels and slipped below $11,000. At the press time, Bitcoin (BTC) is trading at a price of $10,821 with a market cap of $192 billion. Moreover, with…

Bitcoin Price (BTC) Settles Above $10.5K: $11.2K Is Reaction Zone

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There were strong gains in bitcoin price above $10,500 and $11,000 against the US Dollar. The price struggled to stay above the $11,200 and $11,000 levels, and it recently corrected lower. There was a break below a major bullish trend line with support near $10,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on the downside near the $10,600 and $10,500 levels. Bitcoin price is currently consolidating between $10,500 and $11,100 against the US Dollar. BTC price is holding the key…