Monthly Archives: April 2020

Sodinokibi Crypto Ransomware Switches from Bitcoin to Monero to Hide Money Trail

A ransomware group switched from Bitcoin to Monero to better protect the hackers’ identities. A kind of ransomware — a malware that encrypts user data and asks for a ransom to restore access to it — switched from Bitcoin (BTC) to Monero (XMR) to better protect the hackers’ identities. According to an April 11 report by cybersecurity news outlet BleepingComputer, using Monero will make it harder for law enforcement to track ransom payments to the hackers behind Sodinokibi. As the article mentions, Europol strategy analyst Jerek Jakubcek […]

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Chiliz Working on Blockchain-Based Covid-19 Immunity Passes for Football Fans

A blockchain startup partnered with major European football clubs is planning to use the controversial Covid-19 immunity passports to grant fans access to stadiums. Chiliz has announced that it has begun working on a blockchain-based solution to allow soccer fans to gradually return to the stadiums — provided that they hold a government-issued “immunity pass.” According to its blog post dated April 13, the proposed Socios Pass could be a solution to mitigate some of the damage to the sports industry caused by the novel Coronavirus pandemic. […]

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Huobi Launches On-Chain Analytics Tool to Monitor Illicit Crypto Activity

Huobi launches a tool to monitor illicit cryptocurrency transactions. Per an April 13 announcement, Huobi (HT) Global has launched Star Atlas, an on-chain analytics tool to monitor illicit cryptocurrency transactions that could work in tandem with similar tools. Past criticism  The tool should help Huobi address some of the past criticism it had received. Chainalysis’  2020 State of Crypto Crime Report stated:  “Binance and Huobi lead all exchanges in illicit Bitcoin received by a significant margin.” Ciara Sun, VP of global business at Huobi Group, explained the […]

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Chinese City Signs Deal With Huawei to Strengthen Blockchain Adoption

Shenzhen and Huawei join in a partnership to boost blockchain and other technological adoption in the region. The government of the Nanshan District of Shenzhen, China has announced an agreement with the multinational telecommunications and consumer electronics giant Huawei to boost the adoption of blockchain, among other technologies, in the region. According to an April 13 report from local newspaper The Global Times, the Nanshan government and Huawei will work together to establish the Kunpeng industrial demonstration zone, to accelerate the application of blockchain, artificial intelligence, big […]

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New Zealand Police Spotlight Bitcoin Ransom Scam Targeting Porn Viewing

New Zealand police flag fraudsters threatening victims with the release of sensitive information about porn consumption if they don’t pay ransom in BTC. New Zealand police issued an alert on April 13 regarding a crypto-related scam that threatens victims with release of information on their porn use. According to a report published in the NZ Herald, the authorities say that the scammers extort victims through email. The scammers claim to have obtained information about the targeted victim’s consumption of pornography and threaten to leak that information if […]

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Craig Wright Ends Lawsuit Against Adam Back – Pays Thousands in Legal Fees

According to various reports, the self-proclaimed Bitcoin inventor, Craig Wright has dropped his libel lawsuit against Blockstream CEO, Adam Back. Wright was forced to pay all of Back’s legal fees to the tune of £6,666 ($8,400). The news follows, Wright losing his UK court battle with Bitcoin.com’s Roger Ver after the England and Wales judge said the court wasn’t the “most appropriate place” to bring such complaints. Also read: Ross Ulbricht’s 9th Price Analysis Predicts Bitcoin Prices Below $3,000 Craig Wright Pays More Legal Fees Craig Wright […]

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Changes in Crypto M&As Signal More Consolidation Ahead as Industry Matures

Despite the bearish times we’ve seen in the crypto market, the industry is maturing, a PwC report suggests. The crypto industry continues to mature, even during these bearish times, according to a recent report from PwC. The Big Four accounting firm’s findings showed that although the number of merger and acquisition deals in the crypto space decreased by 40% in 2019, the funds are now going to established companies instead of seed-stage startups. Additionally, crypto-native actors are beginning to take the stage from institutional investors as the […]

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Price Analysis April 13: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Most major cryptocurrencies are attempting to bounce off their immediate support levels, which is a huge positive as it suggests buying on dips. Famed investor Mike Novogratz believes that additional crypto adoption and more drastic central bank actions will benefit Bitcoin. The Galaxy Digital CEO said that hedge funds and high-net worth individuals have been buying Bitcoin (BTC). However, Novogratz expects the U.S. equity markets to go down, hence, he “got short Friday for the first time in a while — both stocks and credit.” Several analysts […]

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Binance’s US Arm to Launch Tezos Staking This Week

Binance’s United States-based arm, Binance.US, will launch staking rewards for Tezos on April 16, to totally support three tokens for staking. As Tezos (XTZ) staking has apparently been getting more popular in recent months, the service will be soon available on another cryptocurrency exchange in the United States. Binance.US, the U.S. arm of the world’s biggest crypto exchange, Binance, will launch staking rewards this week. As officially announced today, Binance.US will launch staking rewards for XTZ on Thursday, April 16. The service is expected to be activated […]

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Crypto Exchange Traffic in Russia Rises by Over 5% Amid Pandemic

Russians show more interest in cryptocurrency markets amid the coronavirus outbreak as crypto exchange-related traffic rises by over 5%. Amid the global COVID-19 pandemic and concerns over ongoing quarantines and rising unemployment, more and more people around the world are apparently turning to crypto, Russia being no exception. According to data by cybersecurity firm Qrator Labs, people in Russia have become increasingly engaged with crypto exchange services amid the ongoing coronavirus outbreak. Crypto exchange-related traffic surges 5.56% in Russia Specifically, traffic on crypto exchanges in Russia surged […]

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