Monthly Archives: June 2020

Bitcoin Scam Artists Under Investigation for Impersonating Police

Canadian police warned about a Bitcoin scam scheme alleged to have stolen over $15,400 from two Strathcona County residents. The Royal Canadian Mounted Police, or RCMP, is investigating two Bitcoin (BTC) scams in Strathcona County in Alberta, Canada. They allege that fraudsters impersonated the local authorities in order to extort their victims for money. According to The Sherwood Park News on June 16, one of the victims received a call by a person that claimed to be from the Canada Revenue Agency, or CRA. The other victim said […]

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Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC

A number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well flow into precious metals and crypto-asset markets. Moreover, other investors have noted that bitcoin is following the same trend silver did in 12 years ago. Close to $5T in Market Money Accounts Could Flow Into Bitcoin Markets Everyone has been watching digital currency […]

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Australian Beverage Giant Faces Monero Ransom Demand of Nearly $1M

Ransomware gang REvil launched a second attack on an australian drink manufacturer. Another ransomware attack has hit the Australia-based drinks manufacturer, Lion. This is the second attack on the company in less than one week. The cybercriminals behind the attack are threatening to double the ransom amount if Lion does not pay by the specified date. The currency of choice for the particular attack is Monero (XMR). A report published by The Sydney Morning Herald on June 18 said that Lion’s staff were informed that the attack […]

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Algorand Founder’s Chess Match Against A Grandmaster Recorded on Blockchain

A chess game between grandmaster Sergey Karjakin and Algorand founder Silivio Micali was recorded on the blockchain. Algorand founder Silvio Micali played a Blockchain-recorded chess game against grandmaster Sergey Karjakin. This marked a historic moment for the fifteen hundred year old game. Gentlemen are cheating too The match, which was the inaugural game for FIDE Online Arena, was broadcast via World Chess. Although chess is considered a gentleman’s game, cheating presents a real challenge to its integrity. The hope is that recording games transparently and immutably using […]

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Land Rover Car Company Acknowledges Historical Significance of Bitcoin Network

In a walk through history, major car giant Land Rover noted the creation of Bitcoin’s network as a significant moment. In a recent advertisement, the United Kingdom, or UK, branch of car giant Land Rover laid out a number of significant historical landmarks, including Bitcoin among the mix.  In an advertisement shaped as a walk through history, Land Rover’s video labeled a number of groundbreaking historical developments. Posted by the company’s United Kingdom branch in a June 17 tweet, the ad included Bitcoin’s network creation as a […]

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Bitcoin Bears Struggle at the $9,270 Support — What Happens If It Breaks?

Bitcoin price needs to hold $9,270 to avoid dropping to the $8,000 range again. This week Bitcoin (BTC) price has struggled to overcome resistance at $9,600 and at the time of writing the top-ranked cryptocurrency on CoinMarketCap is finding support near $9,400. Crypto market daily performance. Source: Coin360 Technical analysis shows there is a strong support level at $9,270 and if Bitcoin price drops below it a steep pullback could occur. To many traders the $9,000 and $9,270 levels are considered as the last lines of defence […]

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Chinese Officials Say Bitcoin Doesn’t Make the Top 10 Cryptocurrencies

Bitcoin ranks 12th in a recent blockchain evaluation index, as published by China’s Center for Information and Industry Development. China’s Center for Information and Industry Development, or CCID, revealed on June 18 its 18th CCID Global Public Chain Technology Evaluation Index. This index ranked 37 well-known global cryptos using technical specifications. According to the table published by local media Chainnews, Bitcoin (BTC) was placed in the 12th place with 106.2 points. The criteria used to evaluate cryptocurrencies include basic technology, applicability, features, performance, safety, creativity, and decentralization. […]

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Join Crypto Market Live Now to Learn Risk Management Strategy With Naeem Aslam & Charlie Burton

In today’s Crypto markets live, veteran traders Charlie Burton and Naeem Aslam will be discussing ways to navigate risk management. In today’s Crypto Markets Live, veteran traders Charlie Burton and Naeem Aslam will discuss one of the key aspects of every successful trading strategy: risk management. No matter how good you are at reading the charts, if you don’t have a well functioning risk management strategy to back up your trading, you will almost certainly end up losing money. Aslam and Burton will share their best insights […]

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Dollar Crash Imminent, Former Morgan Stanley Chief Economist Stephen Roach Predicts

Stephen Roach, former chief economist at Morgan Stanley, has predicted that a dollar crash is coming, forecasting a 35% drop in the dollar’s value against other major currencies. He expects the U.S. national savings rate to sink deeper into negative territory than it has ever done before. A Dollar Crash Is Coming American economist Stephen Roach warned this week that a dollar crash is inevitable. He told CNBC that “a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash.” Roach is […]

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Hackers Use Fraudulent Unemployment Claims to Siphon Funds

Kroll’s team says transnational cybercrime groups are launching unemployment fraud schemes in the US. A study by risk solutions provider, Kroll, indicated that a group of hackers from Russia managed to file fraudulent unemployment claims with the Washington State Employment Security Department, or ESD, through a ransomware attack against a healthcare provider in the US. According to research published on June 17, the firm investigated browser history logs that the cybercriminals reportedly navigated to various Gmail accounts. They then activated two profiles on the ESD site using […]

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