May 30, 2020

Analyst Who Called Bitcoin’s 2019 Bottom Down to Dollars Thinks This Comes Next

May 30, 2020 boss

The past few days have seen Bitcoin recover strongly from the weekly lows of $8,600. As of the time of this article’s writing, the flagship cryptocurrency sits at $9,400, just over $200 shy of the weekly high of $9,650. It’s a strong rally that has convinced many traders of the bull case, but one prominent analyst suggests that it is too soon to be bullish. This is especially notable as the analyst that made this assertion has a surprising track record. Related Reading: Crypto Tidbits: Bitcoin Nears $10k, Goldman Sachs…

Dark Web Merchants Sell Thousands of Stolen Credit Card Numbers

May 30, 2020 boss

New research by cybersecurity firm, Cyble Research Team, revealed that on May 29, data for more than 80,000 credit cards were put up for sale on the dark web. The data from these cards appears to have been gathered from various countries around the world. According to the announcement, the data leak involved credit card details from various countries, such as the United States (33K), France (14K), Australia (5K), United Kingdom (5K), Canada (2K), Singapore (1.2 K) and India (1.3K). They include both Visa and Mastercard, according to the information…

Bitcoin Fees Fall 60% While Transaction Count Declines

May 30, 2020 boss

Bitcoin (BTC) average transaction fees dropped by nearly 60% in the last week, as the number of transactions queuing up to be processed on the network eased. According to data from Bitinfocharts, the cost of making a transaction over the Bitcoin blockchain fell to around $2.61 on May 28, down from just over $6.28 six days earlier. As a percentage of revenue for BTC miners, fees have also declined to just under 10% from 21% on May 20. Transaction costs had soared over 220% since the May 11 scheduled bitcoin…

Buterin and Winklevosses Address Twitter Censorship Battle

May 30, 2020 boss

Ethereum creator, Vitalik Buterin, and Gemini exchange founders, Cameron and Tyler Winklevoss, expressed their opinions on recent efforts at social media censorship. “I’ve talked before about the rise of corporations regulating governments but here we have Twitter soft-censoring the U.S. president on the grounds of incitement of violence,” Buterin said in a May 29 tweet referencing recent Twitter posts from U.S. President Donald Trump. “This is a major escalation and could be a new chapter in relations between corporations and states,” Buterin added. A tangled mess of tweets, executive orders,…