Monthly Archives: May 2020

Bitcoin Options Market Data Shows Mere 9% Chance BTC Reaches $20K in 2020

Activity in the Bitcoin options market shows BTC has a 9% chance of reaching $20,000 by the end of 2020. The Bitcoin (BTC) options market, which is mostly dominated by Deribit and CME, gives a 9% chance for BTC to rise to it’s all-time high at $20,000 by the end of 2020. Given the tendency of Bitcoin to see a prolonged rally six to eight months after a halving is activated, traders in the options market are relatively cautious about the medium-term trend of BTC. Data shows […]

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CME Traders Prefer Cash-Settled Bitcoin Products

CME customers would rather trade cash-backed Bitcoin products at present. Chicago Mercantile Exchange’s, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC).  “So far, clients have expressed a clear preference and priority for a cash-settled product,” McCourt told Cointelegraph in an email when asked why the CME chose to go the cash-settled route for its Bitcoin futures trading product back in 2017.  The CME launched its BTC futures after its […]

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New Ransomware Uses a Banking Trojan To Attack Governments and Companies

A study from Group-IB reveals the modus operandi of the newly discovered ProLock’s ransomware attack. A new type of ransomware attack emerged in recent months, raising red flags among the cybersecurity community and authorities such as the FBI in the United States. Cybersecurity firm Group-IB has warned that it comes in the form of a Trojan, according to a report published on May 17. According to Group-IB’s study, the ransomware is known as ProLock and relies on the Qakbot banking trojan to launch the attack and asks […]

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Public Service Announcement: Beware of Imposters Posing As Cointelegraph Journalists

Recently there has been a rise in the number of attempts to impersonate Cointelegraph team members and request money from organizations and individuals in return for the promise of positive coverage. Crypto community, be vigilant: Cointelegraph has recently noticed an increase in scammers purporting to be our journalists on Telegram, LinkedIn and other social media. While this is by no means a new phenomenon, this fraudulent activity has seemingly ramped up in recent weeks. Thankfully, their current methods mean that they are not particularly hard to identify. […]

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‘Americans Are Getting Screwed’ With Lab Testing, Says Pomp Interviewee

Julia Cheek, CEO of at-home medical testing company Everlywell, called U.S. lab testing problematic. In a recent interview with Anthony “Pomp” Pompliano, Julia Cheek, CEO of home medical testing company Everlywell, called for major reform in the U.S. lab testing sector.  “I’ve been fighting this battle for five years, talking about how lab testing is broken and Americans are getting screwed,â€� Cheek said in a May 19 podcast interview with Pompliano, adding: “Lab testing is cheap, it can be affordable, you should know how much your tests […]

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Grayscale Buys 33% of All Bitcoin Mined in Last Three Months

Grayscale Investments bought up to 33% of all newly minted bitcoin over the last three months, as the asset manager continues to stockpile major cryptocurrencies. The investment fund added 60,762 BTC to its Bitcoin Trust Fund between February 7 and May 17, a researcher posted on Reddit. That’s the equivalent of 607 BTC acquired by Grayscale each day during the 100-day period. Grayscale became aggressive in its acquisitions after April, as Bitcoin’s third halving hype reached fever-pitch. About 34% of BTC added during the three months were […]

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Bitcoin Activity on the Dark Web Grew by 65% in Q1 2020, Says Study

Crystal Blockchain Analytics unveiled figures that show an increased value of Bitcoin transferred through the dark web, though the amount of Bitcoin was less. A study from Crystal Blockchain Analytics on May 19 shows that the total USD value of Bitcoins transferred on the dark web rose by 65% ​​in Q1 2020, despite a decline in transactions during the same period in 2019. According to the report, the total value of Bitcoin (BTC) transacted represented a 340% growth over three years. The analytics team claims that such […]

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Crypto Traders Explain Where Bitcoin Price Can Go After Fifth $10K Test in 11 Days

The price of Bitcoin continues to reject the $10,000 resistance level, crypto traders explain where BTC is headed next. The price of Bitcoin (BTC) tested $10,000 a total of five times in the past 11 days. The price action can be considered as a bullish or a bearish trend based on varying perspectives. The quintuple test of a key psychological level at $10,000 can be analyzed in two ways: The $10,000 resistance level is getting weakened with every test, or the resistance is so strong that buyers […]

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You Can Now Buy Tezos From 10,000 Convenience Stores in France

French consumers can now buy Tezos from 10,000 mini-marts, tobacco stores and gas stations using prepaid coupons or cards. French crypto startup Digycode has introduced support for Tezos (XTZ) purchases through its prepaid vouchers and gift cards. The integration is the product of a partnership between Digycode and the research and development team from Nomadic Labs — which contribute to maintaining Tezos’s core code. Digycode’s co-founder Christopher Villegas described Tezos as “one of the most promising” crypto projects, adding that the listing followed several months of consideration. XTZ for […]

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Egg Producer’s Data Poached by Ransomware, Will They Shell Out Bitcoin?

Ransomware group Maze claims to have hacked United States egg producer Sparboe in a post on its website. Ransomware group Maze claims to have hacked United States egg producer Sparboe in a post on its website. The website of cybercriminal organization Maze recently published a new entry claiming that the group hacked Sparboe. The post includes sample data that the group claims was stolen from the company. Maze: A major cybercrime organization Threat analyst at cybersecurity firm Emsisoft Brett Callow told Cointelegraph that in every hack by […]

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