Monthly Archives: June 2020

Investors Turn Bullish as Bitcoin Exchange Reserves Drop to 1-Year Low

Bitcoin reserves on cryptocurrency exchanges sank to a 12-month low, indicating investors are accumulating BTC. According to data from glassnode, Bitcoin reserves on cryptocurrency exchanges fell to a 12-month low. This coincides with a reported mass outflow of BTC from Coinbase. On June 6, various media outlets reported that Coinbase may sell its blockchain intelligence arm Coinbase Analytics to the Internal Revenue Service (IRS) and the Drug Enforcement Agency (DEA). Following the reports, there was a surge in BTC outflow from the exchange. Investors withdraw Bitcoin as […]

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Bloomberg BTC Bombshell, Coinbase Fury, Ether vs. Tether: Hodler’s Digest, June 1–7

Bloomberg thinks Bitcoin could return to record highs of $20,000 this year, but warns Ether may not be the world’s second-biggest cryptocurrency for much longer. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Forget $10,000, Bitcoin’s $12,000 breakout will catch everyone off guard Once again this week, BTC suddenly soared […]

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How Blockchain Technology Can Help Fighting Against COVID-19

Various technologies are being deployed to fight the COVID-19 pandemic, can blockchain play an important role in defeating it? Many financial and human resources are being deployed in the effort to fight the ongoing COVID-19 pandemic. Technologies are also being used in this fight: artificial intelligence for research, 5G to increase information transmission speed and many others. Blockchain is not being left out of this fight, as it now plays an important role in helping institutions and governments around the world respond to COVID-19, and is currently […]

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Ransomware Attack Exposes 1.5TB of Stolen Aerospace Data

Ransomware gang Maze reportedly stole sensitive data from the US branch of an integrated engineering group that works with various governments. ST Engineering Aerospace’s US subsidiary suffered a ransomware attack that managed to extract about 1.5TB of sensitive data from the firm and its partners. According to an article published by The Straits Times on June 6, the Singapore-based company was allegedly attacked by the well-known ransomware gang Maze in March, citing an analysis by cybersecurity firm, Cyfirma.  The report details that the data stolen by the […]

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Trump Predicts US Economy to Recover by 2021 — Fed Chair, Economists Disagree

President Donald Trump has predicted that the US economy will recover by 2021, citing new jobs data released by the Labor Department which contains a “misclassification error.” Officials say the numbers are artificially low, and Federal Reserve Chairman Jerome Powell and several economists have voiced their concerns. Trump Thinks US Economy Will Recover Next Year The U.S. is facing a severe economic crisis with record-high unemployment, fueled by the coronavirus pandemic. However, the Department of Labor released its May jobs report Friday showing a drop in the […]

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Blockchain Will Lead Digital Globalization Says Wanxiang Rep

China Wanxiang Holdings Vice Chairman believes blockchain along with other high tech will lead a more globalized world. Dr. Xiao Feng, the Vice Chairman of investment company China Wanxiang Holdings, attended the 7th Global Investment and M&A Summit in Shanghai, according to local news on June 5. Dr. Xiao’s keynote on digital economic reform revealed speculation that globalization will migrate from the physical to the digital world. He believes blockchain and other disruptive technologies will be the tools by which we realize this digital globalization. He explained […]

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These 2 Bitcoin On-Chain Metrics Suggest the Post-Halving Dip Has Ended

On-chain data suggests the post-halving dip could be ending as BTC miners hold on to newly minted coins. On-chain data from blockchain analytics firm CryptoQuant suggest that miners are currently holding on to their mined BTC, a sign that may indicate a continuing recovery for the Bitcoin price given a lack of selling pressure from big mining operations. The Miners’ Position Index (MPI) provides insight into how miners shifting their BTC positions can impact the asset’s price action. An MPI reading above 2 suggests miners are selling […]

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Beware Fake Ransomware Decryption Tools

Creators behind Zorab ransomware launched a fake tool that double-encrypts files affected by the attack. As free ransomware decryptor tools begin to enter the market, a wave of fake software that claims to decrypt ransomware-affected files has begun to proliferate. According to a report released by Bleeping Computer on June 5, the creators behind Zorab ransomware released a fake STOP Djvu decryptor. Instead of recovering a victim’s data however, this software appears to encrypt their files further with a second ransomware. When the victim opens one of […]

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Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, LINK, ADA, ETC

If Bitcoin can break above the overhead resistance, a few altcoins are likely to pick up momentum and provide short-term trading opportunities. When the price of an asset does not reverse direction from a critical resistance, it indicates that some traders are holding onto their positions in anticipation of a breakout. For the past month, Bitcoin (BTC) has been repeatedly revisiting the $10,000 levels and even though the bulls have not been able to sustain above this level, they have not given up much ground either. This […]

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Opportunities for Blockchain-Based Technologies in African Healthcare

Emerging technologies such as blockchain can dramatically improve the situation with the healthcare industry in Africa by its implementation. One of the linchpins of the internet is the ability to access and share data seamlessly. Whether it’s financial metrics for an institution or something as innocuous as a meme, the internet’s distinct pathways of protocols and standardization are the ideal medium for exchanging information. That transmissibility of information has not translated well to specific industries, however. Regulatory moats, cumbersome and outdated database architecture, and poorly designed user […]

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