Day: April 21, 2020

Ransomware Attacks Are Way Down in the Midst of COVID-19

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An April 21 report by malware lab Emsisoft showed that there was a significant drop in the number of successful ransomware attacks on the US public sector during Q1 2020. The findings show a total of 89 organizations were victims of ransomware in the first quarter of the year. And as the COVID-19 crisis deepened, successful attacks fell even lower, to levels “not seen in several years.” Government entities were attacked less frequently, with those numbers going down from 19 in January to just seven in March. The same was…

Did Young Satoshi Nakamoto Write This 1999 Cypherpunks Post?

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An anonymous post on the Cypherpunks mailing list from 21 years ago discusses the idea of “ecash,” and the speculation in the crypto community is that it might belong to a pre-Bitcoin Satoshi Nakamoto. “Cypherpunk” refers to a movement that emerged in the 1980s advocating cryptography and other privacy-enhancing technologies as tools for promoting social change. Many of the early Bitcoin supporters were part of the Cypherpunks mailing list, including Adam Back, Hal Finney, and Nick Szabo.  We do not know with any certainty whether Satoshi Nakamoto was ever part…

Bitcoin Halving Searches Surge – Phrase Touches Google Trends All-Time High

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The notorious bitcoin halving is expected to happen in 20 days either on or around May 12, 2020. The anticipation leading up to the event is at an all-time high, as last week worldwide queries for the phrase “bitcoin halving” using Google peaked with a top score of 100. On Tuesday, Google Trends shows the phrase is still surging holding a score of 90 over 100 during the last 24 hours. The Phrase ‘Bitcoin Halving’ Rises Exponentially on Google Trends Every four years or 210,000 blocks, the network Satoshi Nakamoto…

Coronavirus Stimulus Is More Than Twice Crypto’s All-Time Market Cap High

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The U.S government recently unleashed a $2 trillion stimulus package to help Americans offset the economic impact of COVID-19. That figure is more than double the amount of all the speculative capital locked up in the entire cryptocurrency market during its 2018 peak.  Cryptocurrency at large — Bitcoin, Ethereum, Litecoin, and everything else — collectively reached its all-time market cap high in January 2018, totaling $831 billion according to CoinMarketCap data. The U.S. stimulus bill in response to coronavirus is 240% larger by comparison. Righting the economic ship Over the…

In Possible Exit Scam, Chinese EOS Wallet Locks Up $52M of Customer Funds

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EOS Ecosystem, a wallet app that attracts investors to deposit EOS with promised high returns, has reportedly shut down and possibly run away with close to $52 million, according to an April 20 report.  $52M is gone and more is potentially missing The local media’s investigation of EOS block transactions found the balance of one of the EOS accounts associated with EOS Ecosystem had no more than 500 EOS tokens left. The account holder had removed about 890,000 EOS tokens on Monday morning.  They dug a little further and tracked…

Bitcoin Slumps as Crude Oil Crashes

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HomeNewsBitcoin NewsBitcoin Slumps as Crude Oil Crashes Over the years, it became accepted wisdom that Bitcoin was a store of value, and that it could work as a hedge against market fluctuations. However, this has not turned out to be the case during the course of the current prolonged market turmoil. After the oil price crash on Monday, the world’s biggest cryptocurrency has continued to slump at an alarming rate. After having found resistance at $7,200, BTC soon plunged to $6,800 per token yesterday, and it remains to be seen…