Month: March 2020

Over 172 Million Weibo Users’ Personal Data Is For Sale on Dark Web

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Chinese social media giant saw a massive data breach result in data of millions of users available for sale on the dark web.  According to a March 19 report from Chinese blockchain news outlet Jinse, basic account information of 172 million users was available, priced at 0.177 BTC.  The account information for sale included user ID, number of Weibo posts, number of fans and followers, gender and geographical location.  Weibo confirmed the privacy issue yet deleted the post later on According to Jinse, Weibo’s security director Luo Shiyao responded to…

Online Petition Asking for Ross Ulbricht’s Release Gathers 275K Signatures

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A petition calling on the White House to release Ross Ulbricht, the creator of the dark web marketplace Silk Road, has gathered more than 275,000 signatures. FreeRoss.org — an initiative created by a group of Ulbricht’s family, friends and supporters — has said that the momentum continues to grow and that they feel that a solution “could come soon.”  Through an update on the online petitions website released on March 19, FreeRoss.org claimed Ross is “doing fine”. They have also reported that visits were canceled for 30 days, as a…

Using Ransomware, Hackers Steal and Publish Medical Data of Firm Researching Coronavirus

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Black hat hacker group Maze has infected the infrastructure of a firm researching the coronavirus with ransomware, managing to steal and publish sensitive data. The hack of medical information Cybersecurity firm Emsisoft told Cointelegraph on March 23 that Maze group’s hackers compromised United Kingdom medical firm Hammersmith Medicines Research. The published data includes sensitive data on medical test volunteers such as id documents like passports, medical background and details of the tests. Emsisoft threat analyst Brett Callow said: “[The data] is on the clear web where it can be accessed…

Matic Lets Us Scale More than Loom Network: Ethereum-Based VR Platform

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Ethereum-based virtual-reality (VR) platform Somnium Space has moved from scalability solution Loom Network to Matic to enhance scaling. On March 23, Somnium Space said that it hopes the transition will allow it to achieve scalability and provide a superior user experience. The firm explained: “By implementing Matic’s high-performance Plasma-based sidechains, Somnium aims to solve any future issues around scalability and user experience such as high-throughput, fast confirmation times, and negligible transaction fees.” A growing VR economy Somnium Space CEO Artur Sychov explained that the firm believes that Matic will allow…

MakerDAO’s Storm Has Passed, but Community Still Faces Tough Decisions

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The MakerDAO (MKR) auction to recover DAI collateral debt is almost complete, though the procedure suffered some technical setbacks. The community largely remains optimistic about Maker’s handling of the situation, as many took the opportunity to scrutinize and fix other potential issues. The auction started on March 19 at approximately 10:30 AM EST with a somewhat uneventful kick off. Some of the people who had tuned in expected it to finish quickly, but the specifics of the auction made it a very gradual process. One community member jokingly said, “I…

Price Analysis Mar 23: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

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Bitcoin price remains range bound and several major cryptocurrencies are attempting to break above the overhead resistance levels. Traditional markets continue to post almost daily losses while Bitcoin price has been relatively range bound for the past week. At the risk of sounding repetitive, traders have to continue to focus on the events that are driving the various asset classes. The Coronavirus cases in Europe are not showing signs of flattening out and the number of cases in the US are surging at a rapid pace. This raises the uncertainty…

Crypto Exchanges Made a Killing During the Ides of March

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While March 2020 has been one of the most volatile and unprofitable months for Bitcoin holders, exchanges have benefited greatly from this uncertainty. March 12 selloff spike in volume The main source of revenue for crypto exchanges comes from trading fees, so on the days with heavy volume, they see an increase in their revenues. March 12, the day that Bitcoin lost 37% of its value, there was a significant increase in Bitcoin trading volume, with Bitfinex’s volume exploding almost 1,000%. Source: Cointelegraph, bitcoinity.org, Coinmarketcap Furthermore, there is a clear…

BitOffer Institute: How Do I Earn My Money back after Bitcoin Plunged?

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Influenced by COVID-19, the Bitcoin price plunged by $5,000 within 2 weeks. As it dropped from $9,000 to $3,800, it created the worst daily decline in 7 years. While the market liquidated almost all the longs positions, it triggered a chain reaction that the market had panic emotions surrounded, and the Bitcoin price was frustrated. Besides, the worldwide stock markets all experienced a huge decline, and even the gold market was not able to be immune from it. After the multiple declines, the assets of global investors shrank. The decline…

Canadian Miner Hive Blockchain Issues Cease and Desist to Steem Fork Hive

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Canada-based company firm Hive Blockchain has announced that its legal representation is issuing a cease and desist request to the Hive community, which recently forked from the Steem (STEEM) network. According to a March 23 press release, the mining firm believes that the new blockchain’s use of the term ‘Hive’ creates confusion around its branding — asserting that many Hive Blockchain shareholders have sought clarification as to whether the company is associated with the hard fork. Hive Blockchain issues cease and desist to Hive community Hive Blockchain was founded in…

Bitmain S19 Antminers Sell Out, Won’t Ship Until May 11

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The world’s largest manufacturer Bitcoin ASIC miners, Bitmain, has sold out its first round of domestic Antminer S19 sales within 24 hours of accepting orders. On March 23, Bitmain tweeted that it opened up its first phase of domestic sales for its long-await Antminer S19s — before selling out on the same day. Antminer S19s will ship from March 11 The first version of the Antminer S19 will have a hashrate of 95 terahashes per second (TH/s) and an energy efficiency of 4.5±5% joules per terahash (J/TH), while the Antminer…