Day: November 10, 2019

Spain’s Largest Radio Station Under Siege By Bitcoin Ransomware Attack

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On today’s episode of the deteriorating state of cyberspace, Spain’s largest radio station is believed to be held hostage by some cybercriminals, who demand a €750,000 (about $835,000) in Bitcoin(BTC)trade. Spaniards and the general public woke up to a rather appalling news on Friday. The news of the ransomware attack on Spain’s largest radio state spread fast across the web. Although the investigation is yet ongoing, information gathered suggests that the Spanish radio network Cadena SER has been under siege. People familiar with the matter believe the ransomware attack is…

EIDOS Airdrop 95% of Transfers

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The EOS blockchain is congested by the EIDOS token airdrop, cryptocurrency exchange Coinbase reports on Nov. 9. In a post on its blog, Coinbase claims that it had trouble in processing its clients’ transactions due to EOS network congestion caused by the EIDOS token airdrop. The exchange has since solved the issue by increasing the amount of staked CPU, securing a sufficient portion of the CPU time remaining on the network to process its transactions. Interestingly, the incident also caused the price of CPU time on the network to increase…

Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

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Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics, download our free report here. Whether you call it the “halving” or the “halvening,” one of the few things we can be sure of in crypto is that the conversation around bitcoin’s upcoming reduction in…

Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

boss

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics, download our free report here. Whether you call it the “halving” or the “halvening,” one of the few things we can be sure of in crypto is that the conversation around bitcoin’s upcoming reduction in…

Hopefully We Can Interoperate With China’s Crypto

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Ethereum co-founder and founder of Consensys, Joseph Lubin, said that he hopes China’s Central Bank Digital Currency (CBDC) will allow for interoperability with public permissionless blockchains, including Ethereum. Ethereum is “a very positive virus” Lubin made his remarks during an interview with Forbes published on Nov. 9. He explained: “I assume it is going to be exactly what Chinese leadership thinks is most beneficial to Chinese leadership. Hopefully that’s also open and we can interoperate with it, but I don’t know.” Furthermore, Lubin added that he would like to see…

$500K Bitcoin Price ‘Flippening’ of Gold Will Come by 2028

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Bitcoin (BTC) will surpass the market cap of gold and could ultimately be worth $1 million, well-known industry figure Bobby Lee has said.  In a series of tweets on Nov. 10, Lee, who co-founded Chinese cryptocurrency exchange BTCC and now runs a Bitcoin wallet startup, became the latest voice in the expanding debate on Bitcoin versus gold.  Lee: BTC market cap to hit $8 trillion Gold’s market cap is $8 trillion, while Bitcoin’s is just $160 billion. While around fifty times lower at present, Lee thinks a reversal could come…

US Senator Mitt Romney Claims Crypto Could Be a Threat to National Security

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Senator Mitt Romney, former Presidential candidate who has been making headlines for his opposition of President Trump as impeachment proceedings are being carried out, has expressed criticism of cryptocurrency in United States as well. The Republican senator stated that his opposition to crypto is due to the threat it present to the nation’s security. During a conference in the United States Senate Committee on Homeland Security and Government Affairs, Senator Mitt Romney questioned individuals from different government agencies of the FBI, Homeland Security and the Center of National Counterterrorism about…

Ethereum Price Weekly Forecast: ETH Holding Uptrend Support

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ETH price declined recently below the $188 and $186 support levels against the US Dollar. The price is still trading above the key $180 and $178 support levels. There is a crucial bullish trend line forming with support near $180 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase as long as there is no daily close below the $178 support. Ethereum price is currently holding a significant support against the US Dollar, while bitcoin is declining. ETH price is likely to…

Bitcoin (BTC) Price Weekly Forecast: More Downsides Likely

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After consolidating above $9,000, bitcoin declined heavily against the US Dollar. The price is currently trading in a bearish zone, with a close below $9,000 and $8,920. There was a break below a major contracting triangle with support near $9,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price is currently showing bearish signs and it could decline further towards $8,560 or $8,300. Bitcoin price is trading in a downtrend below $9,000 against the US Dollar. BTC remains at a risk of more downsides towards…

Crypto News From Japan: Nov. 2–9

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In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, the Japanese financial regulator solidifies its policy of banning trusts that invest in crypto, more than 20 companies launch a consortium that aims to raise funds with security tokens, and Coincheck starts its automated cryptocurrency accumulation service, while it denies having had any previous knowledge about Stellar Lumens’ 55 billion token burn. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. FSA confirms ban on cryptocurrency investment trusts The Japanese…