Day: September 22, 2019

The SEC Sues ICO Platform ICOBox for Violating Federal Securities Laws

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According to a press release on September 18, the U.S. SEC has taken legal actions against a blockchain and crypto company called ICOBox and its founder Nikolay Evdokimov for illegally distributing $14 million worth of the company’s digital token and operating as an unregistered broker for other digital asset offerings. The United States District Court for the Central District of California has ordered to conduct the investigation which was led by Brent W. Wilner and was supervised by Victoria A. Levin, Alka N. Patel, and Ms. Layne of the Los…

North Korea to Develop Own Cryptocurrency to Battle Sanctions

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According to a recent report, North Korea has started working on creating its own cryptocurrency in an attempt to emerge out of the setbacks imposed on the dictatorial state by international sanctions. Previously, Pyongyang had shown curiosity over digital transactions and has now assembled a team of national professionals joining global companies to build its blockchain and cryptocurrency event. The conference will be held in April in the Democratic People’s Republic of Korea (DPRK) and aims to initiate North Korea’s journey to a digital currency platform. The assigned person in…

Retailers Around the World That Accept Crypto, From Pizza to Travel

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Earlier on, when Bitcoin (BTC) arrived on the scene, most cryptocurrency enthusiasts held on to their coins, as there were only so many places they could be spent. Nowadays, the list of marketplaces and retailers accepting Bitcoin and other cryptocurrencies is significantly larger, providing crypto enthusiasts with more options for making real-world purchases. After all, with recognizable organizations like Microsoft and Wikipedia now accepting Bitcoin as payment, conversations about Bitcoin and the power of cryptocurrencies are becoming more prominent. Currently, several fast-food restaurants and coffee shops have started accepting Bitcoin…

Nigerian Politician Paid $15K Ransom in Bitcoin to Rescue his Daughter

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Dr. Umar Ardo, a chieftain of the People’s Democratic Party (PDP) in Nigeria, rescued his kidnapped daughter by paying a $15,000 (N5.4 million) ransom in Bitcoin to her kidnappers. This is one of the first times that such a case has been reported in which the kidnappers have demanded the ransom in Bitcoin(BTC)trade. Last week on Saturday, the 24-year-old Aisha Ardo, the daughter of Umar Ardo, was kidnapped at gunpoint at a shopping mall in Asokoro, Abuja, Nigeria. On Sunday, the chieftain was contacted by one of the kidnappers who…

Newly Discovered InnfiRAT Malware Targets Bitcoin and Litecoin Wallets

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The use of malware to steal vital information is not a new concept in the world today. However, it seems that this sub-culture of malware producers are constantly sharpening their swords, making them more adapted to survive in the victim’s device. The latest on the book is one malware dubbed InnfiRAT that is specifically designed to wait in the dark and steal your cryptocurrency funds and other vital information. Discovered by the research team at Zscaler ThreatlabZ, InnfiRAT tends to display some characters more adapted than what we have seen…

Bitcoin (BTC) Price Weekly Forecast: Risk Of Additional Losses

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There was a fresh decrease initiated in bitcoin from the $10,400 resistance against the US Dollar. The price is currently trading below the $10,100 support area, with a bearish angle. There was a break below a crucial contacting triangle with support near $10,010 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is likely to extend its decline and it may soon revisit the $9,650 and $9,500 supports. Bitcoin price is trading with a bearish bias below $10,400 against the US Dollar. BTC could continue…

Ethereum Price Weekly Forecast: ETH Sighting Fresh Increase

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ETH price surged higher above the $200 and $210 resistance levels against the US Dollar. The price is currently correcting lower after posting a new monthly high near $225. There was a break below a major bullish trend line with support near $216 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently declining, but it is likely to find strong bids near $202 and $200. Ethereum price is correcting gains from $225 against the US Dollar, while bitcoin is declining. ETH might revisit the $200…