Month: May 2024

Ransomware payments down 50% in 2023

Blockchain forensics firm Chainalysis says ransomware attacks involving payments decreased by 46% in 2023. As the ransomware market becomes increasingly saturated with new schemes due to lower barriers-to-entry, executing profitable attacks involving crypto payments has become a challenging thing, according to a new blog report from Chainalysis. Ransomware payments vs the amount of incidents | Source: Chainalysis The blockchain intelligence firm says the 46% drop in ransomware payments can be partly attributed to “enhanced cyber resilience among organizations,” adding that companies now possess a better understanding of the threats they…

Robinhood (HOOD) Shares Fall After Its Crypto Arm Gets Wells Notice From SEC

The company said that the potential action from the agency may include “a civil injunctive action, public administrative proceeding, and/or a cease-and-desist proceeding and may seek remedies that include an injunction, a cease-and-desist order, disgorgement, pre-judgment interest, civil money penalties, and censure, revocation and limitations on activities.” Source

Is Avalanche About To Blow? Don’t Miss This Potential Breakout

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Smart contracts platform Avalanche (AVAX) is generating excitement in the crypto community with a potential breakout signal. Prominent analyst World of Chart has identified a bullish technical pattern that could propel AVAX prices significantly higher in the coming days. Falling Wedge Pattern Hints At Upside World of Chart points to the presence of a “falling wedge” pattern on AVAX’s price chart. This pattern typically forms during a consolidation phase, with price action confined between two converging trendlines that slope downwards. $Avax Forming Falling Wedge Incase Of Breakout Expecting Upside Continuation…

Crypto Now Has a ‘Neighborhood Watch’ to Guard Against Hacks

The unveiling of Crypto ISAC, which has been several years in the making, is something of a badge of honor, as it joins the crypto industry with many other established verticals that use information sharing to protect critical infrastructure, such as healthcare, retail, the financial sector, the automotive industry and many more. Source

Bitcoin Technical Analysis: Bulls Challenge Upper Resistance

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Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple with a trading landscape rife with both uncertainty and opportunity. As oscillators mostly suggest neutrality with glimpses of buying strength, […] Original

Bitcoin (BTC) Price Nears $65,000 Amid Strong Crypto Rebound

Bitcoin trades around $64,000 early Monday as the crypto market erased last week’s losses. BTC surged to $65,400 during Asia trading hours Monday, its highest price in almost two weeks, and now is up almost 15% from last week’s corrective bottom. Bitcoin’s swift recovery to a bullish weekly close “sets up the possibility the next higher low is already in place ahead of the next major upside extension to a fresh record high,” LMAX Group market strategist Joel Kruger said in a Monday report Alternative cryptocurrencies (altcoins) followed suit, with…

Will Mt. Gox payouts spark Bitcoin crash?

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Given some of those who owed money for 10 years were among BTC’s earliest adopters, fears of a mass-selling event may have been exaggerated. There’s a black cloud looming over the crypto markets — the ghost of a crypto exchange that collapsed over 10 years ago.  Mt. Gox once handled over 70% of the world’s Bitcoin transactions, but went under after up to 850,000 BTC was stolen in audacious hacks. The doomed Japanese trading platform went bankrupt in 2014, and its users — many of whom were early Bitcoin adopters…