The Most Famous Financial Pyramids in the Crypto World

In addition to the obvious advantages in the form of anonymity, accessibility, ease of use and low cost of transactions, cryptocurrencies have some serious drawbacks that impede their global adoption. The main one is the connection between crypto and crime. Everyone who has studied this topic even superficially knows that Bitcoin (BTC) still remains a popular payment method among scammers and criminals on the darknet. Cryptocurrencies are very convenient tools for money laundering, evading taxes and cheating investors.  Today, I will talk about the most famous cryptocurrency pyramids, from which…

Research Firm: Cardano (ADA) Is One of the “Most Bullish” Crypto Assets

Aside from Bitcoin, Cardano (ADA) has rapidly become one of the most popular cryptocurrencies over recent weeks by investors and traders alike. The prominent altcoin, which has re-entered the top-10, has recently been subject to a strong boost. Data indicates that ADA is up 150% since the start of 2020, outpacing Bitcoin by around five times and other mainstream assets by many times more. Despite its already-strong outperformance, a top research firm in the cryptocurrency market has suggested that Cardano has room to run. Related Reading: Crypto Tidbits: Bitcoin Stalls…

The Most Malicious Ransomwares Demanding Crypto to Watch Out For

As interconnectivity turns the world into a global village, cyberattacks are expectedly on the rise. According to reports, the tail end of last year saw a spike in the average amount of payments made to ransomware attackers, as several organizations were forced to pay millions of dollars to have their files released by malware attackers. Apart from the fact that the current pandemic has left many individuals and corporations vulnerable to attacks, the notion that cryptocurrencies are an anonymous and untraceable payment method has led many ransomware attackers to demand…

The Five Most Malicious Ransomwares Demanding Crypto to Watch Out For

As interconnectivity turns the world into a global village, cyberattacks are expectedly on the rise. According to reports, the tail end of last year saw a spike in the average amount of payments made to ransomware attackers, as several organizations were forced to pay millions of dollars to have their files released by malware attackers. Apart from the fact that the current pandemic has left many individuals and corporations vulnerable to attacks, the notion that cryptocurrencies are an anonymous and untraceable payment method has led many ransomware attackers to demand…

Last Time Bitcoin Volatility Was This Low, BTC Surged by 25% in 24 Hours

For the past few weeks, Bitcoin analysts have observed extremely low volatility in the nascent cryptocurrency market. Nothing shows this inaction quite as well as the chart below from Blockroots founder Josh Rager. It shows that for the past eight weeks now, BTC has been trapped in a ~15% range — something abnormal for this volatile asset class. Chart of BTC’s price action over recent months by Josh Rager (@Josh_rager on Twitter). Chart from Tradingview.com According to a new analysis, volatility has dropped to crucial lows suggesting that a massive…

Crypto Tidbits: Bitcoin Stalls at $9k, Cardano Shelley, Elon Musk & Ethereum

Another week, another round of Crypto Tidbits. It’s been another boring week for the Bitcoin market. For all of the past seven days, the leading cryptocurrency has traded within 3% of $9,100, trading both above and below that level. Volatility indicators have continued to drop as a result of the consolidation, reaching crucial levels. Analysts expect this consolidation to break within the next few days and weeks as other markets, namely the S&P 500, establishes a trend as well. Chart of Bitcoin’s price over the past 10 days from TradingView.com Mike…

Gemini Chose to Wade Regulation In New York, Weighs in on Conditional BitLicense

Last week, the New York State Department of Financial Services, or NYDFS, proposed changes around its state-wide BitLicense legal guidelines. Gemini, a crypto exchange calling New York home, sees the NYDFS’ move as a positive. Gemini’s chief compliance officer, Noah Perlman, told Cointelegraph: “The proposed conditional licensing framework is another step the DFS is taking to help ensure this industry continues to grow and innovate — so that it becomes more accessible to more people without compromising safety or security.” The NYDFS suggested BitLicense alterations last week New York has…

A Signal Last Seen Before Bitcoin Plunged to $3,700 Is About to Return

To many, determining which direction Bitcoin trends from here is a coin toss. One trader shared the image below with the caption: “You guys still trading this garbage? I’m not doing anything until one of these lines gets hit.” That’s to say, the analyst isn’t taking a trading position in Bitcoin because he has no idea where it will go first. BTC range chart shared by chartist/technician Byzantine General (@Byzgeneral on Twitter). Chart from TradingView.com Unfortunately for bulls, the evidence is starting to melt that a correction is more likely…

Ransomware Targets Outdated Microsoft Excel Macros to Deploy Attacks

Microsoft Security Intelligence alerted users to a type of ransomware, called Avaddon, that uses Excel 4.0 macros to distribute malicious emails. These emails contain attachments which deploy an attack when opened in any version of Excel. Avaddon ransomware emerged in early June through a massive spam campaign that randomly targeted its victims. Some patterns seem to indicate that the ransomware mostly targets Italian users. Impersonating Italian officials As BleepingComputer reports, the attackers behind the ransomware are recruiting “affiliates” to spread the payload. According to their analysis, Avaddon’s average ransom amount is…

Analyst Who Predicted Bitcoin’s V-Shaped Reversal at $3,700 Is Bullish

It’s been a tough past few weeks for the Bitcoin market. Some are skeptical that the cryptocurrency is in a bull trend after BTC has sustained multiple rejections at $10,000. Yet a trader that nailed a bold prediction remains optimistic, sharing a number of signals indicating imminent upside. Bitcoin Could Soon See a Bounce, Says Crypto Trader In March, Bitcoin plunged from the $9,000s to $3,700 in the matter of a week. Considering the severity of the drop, coupled with a collapse in the traditional economy, few expected a rebound.…