Monthly Archives: June 2020

Bitpay Reveals Crypto-to-Fiat Prepaid Mastercard, Firm’s Flagship Visa Card Ends in December

On June 11, 2020, the cryptocurrency payment services provider, Bitpay announced the firm is launching a prepaid Mastercard that can be loaded with a variety of digital assets. The Atlanta-based company says the card can be spent anywhere Mastercard is accepted and users can “instantly convert cryptocurrency into fiat currency.” For quite some time now, the Atlanta-based Bitpay has offered a prepaid Visa card that allows users to load cryptocurrencies in exchange for USD. On Thursday, Bitpay revealed the company has partnered with Mastercard (MC) and the […]

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Michigan State University Hit by Ransomware, Refuses to Pay Criminals

MSU officials stated that the ransomware gang won’t receive any payments following the attack. In early June, media outlets reported that the NetWalker ransomware gang had attacked Michigan State University, or MSU. At the time, the gang threatened to leak students’ records and financial documents. The university’s officials now have said that they will not pay the ransom. According to Detroit Free Press, the unspecified bounty requested in crypto by the ransomware group will not be paid by MSU. Officials did not publish an official statement addressing […]

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Data Appear to Contradict Bitfinex’s Dwindling Bitcoin Deposits Narrative

Bitfinex’s Bitcoin deposits diminished by 135,000 BTC and data appears to contradict the exchange’s rationale for this occurrence. Data appears to contradict Bitfinex’s claim that the reason for its users withdrawing 135,000 Bitcoin (BTC) from the exchange was an arbitrage opportunity that ensued following Black Thursday. 135,000 BTC later On Thursday, March 12, Bitfinex was holding 200,000 BTC. By May 25, this number dwindled to just 65,000 BTC. This is a 67% decrease over the span of two and a half months. Bitfinex Bitcoin Balance. Source: Glassnode […]

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SEC Launches Virtual Meetups for Fintech Industry Players

The SEC’s fintech wing invites innovators to network and weigh in on regulation in new online meetups. FinHub, a fintech arm of the U.S. Securities and Exchange Commission (SEC) will now host digital meetings for industry players amid COVID-19 lockdowns. “To facilitate ongoing communications, FinHub will host a series of thematically-based virtual P2P meet-ups over the next few months,” the commission said in a June 11 statement, adding: “During each series, FinHub staff will meet virtually with innovators, entrepreneurs, or firms that wish to discuss issues related […]

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New Ransomware Uses Sophisticated Evasion Techniques

Recorded Future says that Thanos deploys a particular encryption technique in its attack and offers a revenue-sharing scheme for external hackers. Cybersecurity firm, Recorded Future, revealed on June 10 that a ransomware attack named “Thanos” has been promoted on a number of darknet hacking forums since February. According to the report, Recorded Future’s Insikt Group uncovered the new ransomware-as-a-service attack. “Ransomware-as-a-service” methods consist of allowing external hackers to use the ransomware to attack their targets in exchange for adhering to a revenue-share scheme with the developers by […]

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Russian Ministry Slams Bill to Ban Crypto — Experts Warn Easy to Bypass, Creates Black Market

Russia’s Ministry of Economic Development has informed parliament of its disapproval of the bill to ban cryptocurrency. Experts say a ban will be ineffective as people can use technology to bypass it, leading to the creation of an “uncontrolled black market.” Russian Ministry Criticizes Bill to Ban Crypto The Russian Ministry of Economic Development has sent a letter to the State Duma, the lower house of the Federal Assembly of Russia, criticizing the bill that seeks to ban cryptocurrency in the country. Local publication Kommersant reported Wednesday […]

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Ransomware Attack Targets Victoria Beckham’s Personal Data

Maze ransomware group threatens to leak stolen data from Threadstone Advisors, LLC. Ransomware gang, Maze, strikes again. This time, the victim is a US-based independent advisory firm specializing in the consumer and retail sectors. They have a number of big clients including businesswoman and former Spice Girl, Victoria Beckham. Maze’s official dark web blog lists Threadstone Advisors, LLC as one of their victims following an attack within the last 24 hours. Threadstone Advisors, LLC worked with Victoria Beckham to establish an investment liaison with NEO investment partners. […]

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Bitcoin Price Drops to 2-Week Low After Sell-Off Triggers $800 Correction

Bitcoin’s struggle to reclaim $10K came to an abrupt end as the price suddenly dropped to $9,100. Bitcoin (BTC) fell to a two-week low today as ranging price action below $10,000 gave way to fresh bearish behavior. Cryptocurrency market daily overview. Source: Coin360 BTC price drops 8% to test $9,000 Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD giving way during Thursday trading to fall through $9,500 support. After fluctuating around the $9,500 mark, Bitcoin fell $800 in a matter of hours to reach lows not seen […]

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Join Crypto Markets Live Now to Learn How Experts Trade Crypto With CryptoBirb & Big Chonis

What’s the secret behind expert traders’ decision making? Find out now with CryptoBirb and Bigo Chonis on this week’s Crypto Markets Live! Welcome all traders to this week’s Crypto Markets Live show featuring traders CryptoBirb and Big Chonis. Whether you’re just getting started or have been trading for years, you’re bound to learn something new today. We’ll be analyzing Bitcoin and other top cryptocurrency markets while exploring the step-by-step processes that inform every decision to trade. CryptoBirb has been trading MTF momentum swings actively since early 2017 […]

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Regulators: Deceased Quadriga Founder Committed Fraud

The Ontario Securities Commission says that the Vancouver-based crypto exchange was a fraud. The Ontario Securities Commission, or OSC, claims that the crypto exchange Quadriga collapsed in 2018 because of fraud committed by its late founder, Gerald Cotten, who passed away on his honeymoon in India. The report released on June 11, revealed by CBC Canada, says Cotten opened several accounts under aliases and credited himself with “fictitious currency,”. He traded this currency with unsuspecting clients of his Vancouver-based crypto exchange. The deceased Quadriga founder was unable […]

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