June 2, 2020

Ethereum Reaches a Pivotal Level as Analyst Watch for a Massive Decline

June 2, 2020 boss

Ethereum and the aggregated crypto market bore witness to immense volatility this morning that was sparked by Bitcoin’s capitulatory decline from the $10,000 region. This decline caused major altcoins like ETH to post massive losses, with many underperforming Bitcoin as they continue struggling to garner any notable momentum against their BTC trading pairs. It now appears that this decline has led Ethereum down to a pivotal level. Its reaction here could influence where it trends in the days and weeks ahead. Buyers have defended the key support level that was…

Blockchain Is Part Of China’s Master Plan for New Competitor Island to Hong Kong

June 2, 2020 boss

Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port, Xinhua news reports on June 1. A trade port system will focus on facilitating free trade, investment and cross-border capital flows in the whole island. Government institutions reform The master plan encourages government institutions to use blockchain and other technologies to reform government function. Authorities hope the new modern technologies will help build a comprehensive, scientific, standardized and effective free trade port governance system. They added that: “We should give full play…

Iranian Lawmaker Says Bitcoin Should Be Central Bank’s Turf

June 2, 2020 boss

An Iranian lawmaker wants his country’s central bank to take bitcoin seriously. Representative Mohammad Hossein Farhangi (Tabriz), speaking Tuesday before the nation’s parliament, called on the Governor of the Central Bank of Iran, Abdolnaser Hemmati, to handle oversight of bitcoin, according to the Tasnim news agency. Calling proper management of bitcoin a “good opportunity for the country,” Farhangi warned against ceding its potential to financial institutions. “Take the issue of bitcoin seriously,” he said. “We do not understand that the government has entrusted the monitoring of bitcoins to the Ministry…

Iranian Lawmaker Says Bitcoin Should Be Central Bank’s Turf

June 2, 2020 boss

Ransomware Group Threatens Auction of Madonna’s Legal Data

June 2, 2020 boss

The ransomware gang REvil has launched an auction feature on the dark web in the past 24 hours, starting with the stolen data from a Canadian company and threatening to auction off information hacked from famous singer Madonna next. Cryptox accessed information from the first auction campaign conducted by REVil, who detailed that the Agromart Group is the “first batch” of data to be put up for auction, which is the data stolen after a ransomware attack. Madonna’s data auction threat At the bottom of the list, the ransomware gang…

Ransomware Group Threatens Auction of Madonna’s Legal Data

June 2, 2020 boss

The ransomware gang REvil has launched an auction feature on the dark web in the past 24 hours, starting with the stolen data from a Canadian company and threatening to auction off information hacked from famous singer Madonna next. Cointelegraph accessed information from the first auction campaign conducted by REVil, who detailed that the Agromart Group is the “first batch” of data to be put up for auction, which is the data stolen after a ransomware attack. Madonna’s data auction threat At the bottom of the list, the ransomware gang…

Massive Bitcoin Plunge Nothing More Than Traders Being Traders, OKCoin Exec Says

June 2, 2020 boss

Bitcoin (BTC) dove more than $1,000 on some exchanges on June 2, although the event seems to be the result of simple trading activity, according to OKCoin’s head of market development Matthew Ficke. “Price movement like we saw yesterday typically attracts short-term traders trying to position for a larger break higher,” Ficke said of the day prior, when Bitcoin surged notably past $10,000. Bitcoin pumped and then dumped Bitcoin’s price surged up past $10,400 from $9,450 on June 1, only to fall back down to $9,275 on the following day.…