Day: July 9, 2020

Successful Ransomware Attacks Decline in 2020

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The number of successful ransomware attacks witnessed a decrease between January and April 2020 in the U.S. public sector amid the COVID-19 crisis. However, researchers have recently noticed that trend reversing, with incidents now starting to increase. According to the study by the malware lab, Emsisoft, the figures show a decline in comparison to the 966 targeted establishments that were successfully attacked at the cost of $7.5 billion. Strong decline in the figures compared with 2019 stats However, during the Q1 and Q2 2019, just 128 federal and state entities,…

Trend Indicator: Bear Market Didn’t End After Bitcoin’s $3,700 Capitulation

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Bitcoin price is once again flirting with resistance above $10,000 but has yet to penetrate and hold above the key level. This latest visit has resulted in a lower high. Unless the cryptocurrency can get through and set a new local peak, the asset is at risk of setting a new lower low. It could also put the asset at risk of setting a new bear market bottom, even despite what market sentiment may suggest. Sentiment Says Bull Market Is Here, But Has Bitcoin Really Bottomed? All markets are cyclical…

MIT Crypto Group Researcher Says PoW Attacks Not Always Obvious

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Speaking on a Unitize digital conference panel about proof-of-work, or PoW, attacks, James Lovejoy of MIT’s Digital Currency Initiative, or DCI, said 51% attacks might not be evident, despite blockchain’s public nature.  Blockchains do not always show 51% attacks at first glance, Lovejoy explained on the July 9 panel. “You need an active observer to be monitoring the network to check whether or not an attack occurs,” he said.  Lovejoy has a blockchain reorganization tracker For his DCI master’s thesis, Lovejoy spun up a blockchain reorganization tracker, or reorg tracker, that…

Chinese Police Dismantle $14M Crypto Scam

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The Chinese authorities dismantled a significant crypto-related scam in Wenzhou. The scheme amassed over 100 million yuan ($14.31 million), which was seized along with a number of luxury cars and villas. According to Toutiao, the gang has been operating since 2019 and primarily sought out victims through Telegram chat groups, including one called “Huobi Global Moving Brick Arbitrage HT Chinese Group Community.” ETH, BTC, and USDT stolen from victims The report states the scammers pretended to be investors who had benefited from an “investment scheme.” The scammers told their victims…

South Korean National Assembly to Discuss Crypto Transaction Transparency

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The South Korean National Assembly will host a talk titled “How to boost transparency in cryptocurrency transactions” on July 10. This news comes amid a recent child porn scandal that involved crypto transactions. According to the Kukto Ilbo, the seminar will discuss topics related to money-laundering prevention and the creation of a system that oversees crypto transactions. Preventing money laundering through dark web crypto transactions The initiative is led by Democratic Party Congressman, Lee Soo-jin. The Blockchain Law Association and blockchain media representatives from South Korea will also join the…

Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Discuss Illegal Confiscation, Police Extortion

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The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police extortion. Venezuela Seizes Bitcoin Mining Equipment The Bolivarian National Guard of Venezuela (GNB) announced via Twitter Monday that it has seized 315 Antminer S9 bitcoin mining rigs in the southern region of the country. The GNB is one of the largest divisions of the National…

Court in China Implementing Blockchain for Court Reform

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Shanghai courts are using Blockchain technology to record hearings as part of a court reform pilot, according to China’s local news on July 8.  Participants at a recent court reform conference held by the Shanghai high court observed that the Minhang District People’s Court used blockchain technology to record an equity transfer contract dispute. The report added that:  “The metadata table which records the file name, file size, file generation time and other information of the court record files and written materials is generated instantly […]The audio-visual conversion record, the…

Bitcoin Hits “Do or Die” Support Following Rejection at $9,500

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After expressing some signs of strength throughout the early part of the week, Bitcoin has now faced a grim rejection that sent its price reeling down to a crucial support level. Following an extended bout of trading between $9,000 and $9,300, the benchmark cryptocurrency was able to break out of this trading range this week, subsequently rallying to highs of $9,500. This has been a key resistance while for quite some time now, and BTC’s buyers were unable to surmount it. BTC is now reeling lower and just tapped a…

BITCOIN REVERSED!!! WHAT'S NEXT ?!? BITCOIN TIME ANALYSIS BASED ON ASTROLOGY!!!

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Market Wrap: Stocks Tick Downward and so Does Bitcoin, to $9,200

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Bitcoin is back at $9,200 Thursday as crypto derivatives helped push its price down and equities closed lower. Bitcoin (BTC) trading around $9,211 as of 20:00 UTC (4 p.m. ET), slipping 2.3% over the previous 24 hours. Bitcoin’s 24-hour range: $9,154-$9,469 BTC below 10-day and 50-day moving average, a bearish signal for market technicians. Bitcoin trading on Coinbase since July 7.Source: TradingView When stocks overall trend lower, it often leads to bitcoin prices dropping, said Karl Samsen of Global Digital Assets. He added that as public companies continue to release…