Monthly Archives: June 2020

Transnational Cybercrime Group Co-Founder Who Amassed $568M Pleads Guilty

The co-founder of the Infraud Organization pleaded guilty to racketeering charges before a U.S. District Court in the District of Nevada. A Russian national behind the cybercriminal enterprise Infraud Organization has pleaded guilty on June 26 to racketeering conspiracy, due to his role as a co-founder and admin of the dark web-based carding portal which generated profits over $568 million. According to the announcement made by the U.S. Department of Justice, or DOJ, 33-year-old Sergey Medvedev, also known under the pseudonyms “Stells,â€� “segmed,â€� and “serjbear,â€� claimed responsibility […]

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Decred Co-Founder Calls PayPal and Crypto ‘An Odd Combination’

Decred’s co-founder said cryptocurrencies may not fit PayPal’s model. PayPal could be gearing up to work with crypto assets, according to recent rumblings, although Decred co-founder Jake Yocom-Piatt is unsure of those rumors’ validity. “It’s hard to say whether these are rumors or not regarding PayPal accepting cryptocurrencies soon,” Yocom-Piatt told Cointelegraph via email correspondence when asked about the rumors.  The pairing does not seem like a fit Recent news showed PayPal seeking to fill crypto and blockchain-related job positions, while rumors circulated of the platform listing crypto assets. […]

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Bitcoin Price Bounce at $8.8K Support Shows Traders Keep Buying the Dip

Bitcoin price dropped below $9,000 for the second time this week but traders continue to buy on each dip. Within the last hour Bitcoin (BTC) price dropped below $9,000 to a daily low at $8,813. Since June 24 Bitcoin price has been losing momentum while pinned below the 20-MA and today’s drop to $8,813 coincided with a surge in sell volume.  Crypto market weekly price chart. Source: Coin360 As discussed in previous analysis, buyers have been keen to purchase every dip below $9,000 and today’s drop brought […]

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Wright Decision & Paypal Allowing Crypto: Bad Crypto News of the Week

Check out this week’s Bad Crypto podcast. It’s been a relatively calm time for Bitcoin this week. The price has dropped a little, but not much and it’s still tickling $10,000. That makes concerns about a correction that takes the coin as low as $7,700 feel moot. If it happens, some experts say it would be a buying opportunity. Others though, think that price would be great for sellers. Investor Jim Rogers thinks that Bitcoin will eventually fall to zero and fade away. Max Keiser hopes that […]

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Popular Analyst Reveals New Bitcoin Pricing Model: Prediction Suggests ‘Bullish Run a Month Away’

The popular bitcoin analyst Willy Woo told his 132,000 Twitter followers that he’s working on a new pricing model that suggests a bull run is imminent. In fact, Woo says the model suggests bitcoin is close to “another bullish run” with “maybe another month to go.” The price of bitcoin (BTC) has been declining during the last seven days, as BTC has lost 2% overall this past week. The value has been bouncing back and forth between $8,800 to a touch over $10k per BTC. At the […]

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New Research Shows Massive Internet Spying, Several Crypto Sites Listed

New findings show a major domain provider as a focal point for massive global spying. A mammoth global spying and data theft effort currently leaves web surfing citizens at risk, with several Bitcoin and crypto domains included in the mix, according to research from Awake Security.  At the heart of the problem — a web domain registration company named CommuniGal Communication, or GalComm. “Of the 26,079 reachable domains registered through GalComm, 15,160 domains, or almost 60%, are malicious or suspicious,” Awake wrote in a June 18 blog post.  […]

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Not Like Before: Digital Currencies Debut Amid COVID-19

The coronavirus pandemic has forced governments worldwide to focus on bringing blockchain tech to their financial services. Famed currency speculator George Soros, who in 1992 broke the Bank of England to emerge a billionaire overnight by forcing the pound out of the European Exchange Rate Mechanism, believes: “We will not go back to where we were when the pandemic started. That is pretty certain. But that is the only thing that is certain. Everything else is up for grabs.â€� Giles Coghlan, the chief currency analyst at HYCM, […]

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BitFlyer Holds First Virtual Shareholders Meeting With Blockchain Voting App

BitFlyer Holdings held a general shareholders meeting by using a blockchain voting app which went “without any troubles.â€� BitFlyer Holdings, which runs one of Japan’s largest cryptocurrency exchanges, held its general shareholders meeting Friday and, for the first time, used a blockchain voting app. In the “new normalâ€� where social distancing is required, blockchain technology finds another use case. The voting app, called bVote, was developed by BitFlyer’s subsidiary BitFlyer Blockchain. It allowed the first virtual shareholder meeting to end “as scheduled without any troubles.â€� The app […]

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Crypto Lending: The Ultimate Killer App?

Using digital assets to earn yields and borrow capital became possible thanks to crypto lending, one of the fastest-growing sectors in the crypto ecosystem. Crypto lending, one of the fastest-growing industries in the blockchain ecosystem, has made it possible to earn yields and borrow capital using digital assets. According to a report by research company Credmark, the volume of crypto-backed loans increased seven-fold in 2019, ultimately reaching $8 billion. Experts speculate that crypto lending will attract more investors into the crypto market by increasing its liquidity. “You […]

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Cryptocurrency News From Japan: June 21 – June 27 in Review

SBI announced a crypto investment fund, Bitflyer Holdings used blockchain-based voting for a shareholder meeting, and more headlined news from Japan this past week. This week’s headlines from Japan included SBI announcing a digital asset investment fund, Bitflyer Holdings using blockchain for shareholder meeting voting, Japan’s Financial Services Agency warning two unregistered crypto exchanges, a Japanese digital asset exchange self-regulatory group changing chairmen, and Coincheck announcing launch details for its digital shareholder meeting platform.  Check out some of this week’s crypto and blockchain headlines, originally reported by […]

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