Monthly Archives: June 2020

Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH

PlusToken recently moved $186 million worth of Ethereum, leading investors to fear a dump in ETH price. Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network. The $186 million transfer came from a known Ethereum address and was later split into 50 different transactions, possibly as an attempt to disguise the activity. Whale Alert first spotted the transactions which […]

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Telegram’s Courtroom Saga With the SEC Comes to a $1.2 Billion End

Judge approves final judgment in Telegram case; firm will return $1.2 billion to investors. On June 26, Judge Kevin Castel signed the final judgment in the SEC v. Telegram case, which will require Telegram pay back $1.2 billion to investors in their ICO for the failed Telegram Open Network.  Cointelegraph reported on the final judgment proposed yesterday. What has changed is the approval of the court, putting an end to a legal drama that began with the SEC ordering a stop to Telegram’s impending distribution of GRAM […]

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Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain

Decentralized finance (defi) applications on the Ethereum chain have been growing wildly during the last two years. Now a number of synthetic versions of bitcoin, that leverage the Ethereum chain, has outpaced offchain solutions like Blockstream’s Liquid and the Lightning Network. Just recently, the platform Synthetix revealed a partnership with Bitgo and the Ren Project in order to create incentivized bitcoin liquidity. Now with a massive yield farming pool, tokens like sBTC, renBTC, and WBTC could easily eclipse the alternative offchain competitors. At the end of May, […]

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Even Putin Couldn’t Save This Dark Web Mastermind From Prison

Even Vladimir Putin was not able to save this Dark Web mastermind who ran an elite invite-only cybercrime club. A Russian hacker was sentenced to nine years in prison by a U.S. court on June 26. The hacker, Aleksei Burkov, was previously considered to be of personal interest by Russian President, Vladimir Putin. Exclusive cybercrime with premium $5k membership fee Burkov was accused of running a website called “Cardplanetâ€� which sold payment card information: “Many of the card numbers offered for sale belonged to U.S. citizens. The […]

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Bloomberg: ‘Bitcoin a Caged Bull Set for Breakout, Eying $13,000 Resistance’

According to Bloomberg, the narrowest ever bollinger bands suggest that Bitcoin is consolidating for a major breakout. Bloomberg remains optimistic about Bitcoin (BTC) as long as it stays above a key resistance level. Bitcoin Bollinger Bands. Source: Bloomberg The latest report by Bloomberg analyst, Mike McGlone, contends that Bitcoin is consolidating. He speculates that due to the decreasing volatility, Bitcoin price Bollinger Bands are at its lowest point ever. $6,500 — $13,000 critical range In his opinion, Bitcoin is priming to break out of the upper resistance […]

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Singapore Witnessed a Surge in Ransomware Attacks During 2019

The Singaporean government revealed that ransomware attacks surged in 2019 by accounting 35 cases. A report from the Cyber ​​Security Agency of Singapore, or CSA, shows that the number of ransomware attacks cases rose in 2019, compared to figures recorded in 2018. According to a “Cyber ​​Landscape 2019â€� study published by the Singaporean government, the entity received 35 reports of ransomware incidents in 2019. This represents a surge compared to the 21 cases that reported in 2018. Most of the attacks targeted the travel, tourism, manufacturing, and […]

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Compound’s COMP Token Paves Way for DeFi Yield Wars

Framework Ventures’ co-founder believes Compound’s token launch jump started a trend of DeFi projects competing for yield as public interest and token prices rally. Recent events surrounding the launch of Compound’s token seem to have been noticed by many other projects in the decentralized finance, or DeFi, ecosystem. In an interview with Cointelegraph, Framework Ventures’s co-founder Michael Anderson said that the token’s success may provide an example to follow for other DeFi projects who may start engaging in “yield farming wars.â€� The result of this will be […]

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Price Analysis 6/26: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, CRO

Bitcoin price continues to lose momentum, signaling the possible start of a deeper correction below $8,200. Grayscale Investments has been taking in Bitcoin (BTC) at a frantic pace. In the last week alone, the fund gobbled up 19,879 Bitcoin, which is way over the 7,081 Bitcoin mined during the period, according to crypto researcher Kevin Rooke. This shows that demand far exceeds supply at the moment, which is a positive sign. However, Tone Vays believes that if the S&P 500 breaks below 3,000, it could fall another […]

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Law Decoded: All Roads Lead to New York, June 19-26

New York, New York runs the show this week as the site of a host of developments and setbacks for crypto. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.  Editor’s note The largest city in the United States and the world’s financial capital for most of the past century, New York City is also used to playing a starring role in the worlds of art, music, literature and film. What with all the attention, the Big […]

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LG and Mitsubishi Hit by Ransomware Attacks, Data Leak ‘Coming Soon’

Maze and Doppelpaymer are threatening to leak data from LG and Mitsubishi respectively after launching a ransomware attack. Two ransomware gangs reportedly attacked the electronics giant, LG, and Japanese multinational car manufacturer, Mitsubishi. The hackers are now threatening both companies with data leaks. Screenshots posted to the gang’s blog show several files, as well as source code from the attack.  No official statement from LG yet  As of press time, the electronics giant has not addressed the incident officially. A statement from the ransomware gang alleges that […]

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