Monthly Archives: July 2020

Successful Ransomware Attacks Decline in 2020

A report published by Emsisoft revealed a strong decline in successful ransomware attacks during Q1 and Q2 2020. The number of successful ransomware attacks witnessed a decrease between January and April 2020 in the U.S. public sector amid the COVID-19 crisis. However, researchers have recently noticed that trend reversing, with incidents now starting to increase. According to the study by the malware lab, Emsisoft, the figures show a decline in comparison to the 966 targeted establishments that were successfully attacked at the cost of $7.5 billion. Strong […]

More info

MIT Crypto Group Researcher Says PoW Attacks Not Always Obvious

James Lovejoy, a research assistant for Massachusetts Institute of Technology, or MIT, crypto and blockchain group the Digital Currency Initiative, explained blockchain attacks might not always be obvious. Speaking on a Unitize digital conference panel about proof-of-work, or PoW, attacks, James Lovejoy of MIT’s Digital Currency Initiative, or DCI, said 51% attacks might not be evident, despite blockchain’s public nature.  Blockchains do not always show 51% attacks at first glance, Lovejoy explained on the July 9 panel. “You need an active observer to be monitoring the network to […]

More info

Chinese Police Dismantle $14M Crypto Scam

The Chinese police busted a massive crypto scam in Wenzhou that managed to amass over $14.31 million. The Chinese authorities dismantled a significant crypto-related scam in Wenzhou. The scheme amassed over 100 million yuan ($14.31 million), which was seized along with a number of luxury cars and villas. According to Toutiao, the gang has been operating since 2019 and primarily sought out victims through Telegram chat groups, including one called “Huobi Global Moving Brick Arbitrage HT Chinese Group Community.â€� ETH, BTC, and USDT stolen from victims The […]

More info

South Korean National Assembly to Discuss Crypto Transaction Transparency

South Korean legislature will host a seminar to address crypto laundering and other related topics. The South Korean National Assembly will host a talk titled “How to boost transparency in cryptocurrency transactions” on July 10. This news comes amid a recent child porn scandal that involved crypto transactions. According to the Kukto Ilbo, the seminar will discuss topics related to money-laundering prevention and the creation of a system that oversees crypto transactions. Preventing money laundering through dark web crypto transactions The initiative is led by Democratic Party […]

More info

Court in China Implementing Blockchain for Court Reform

Chinese courts are implementing blockchain storage technology to record court hearings. Shanghai courts are using Blockchain technology to record hearings as part of a court reform pilot, according to China’s local news on July 8.  Participants at a recent court reform conference held by the Shanghai high court observed that the Minhang District People’s Court used blockchain technology to record an equity transfer contract dispute. The report added that:  “The metadata table which records the file name, file size, file generation time and other information of the […]

More info

A Record Number of Bitcoin Were Recently Withdrawn From Exchanges

On July 8, a record number of Bitcoin were removed from custodial exchanges, with Coinbase leading the charge. July 8 set a year-to-date record for the number of net Bitcoin (BTC) withdrawn from custodial exchanges. The onslaught was led by Coinbase. A bullish sign? Yesterday, 20,660 more Bitcoin were removed from exchanges than deposited according to data from Glassnode. This represents 2020’s biggest daily outflow of Bitcoin from exchanges — a behavior pattern that is typically considered bullish. All Exchanges versus Coinbase net Bitcoin flow. Source: Glassnode […]

More info

Alchemy Aims to Transform Blockchain Development with New Build Tools

New dev tools promise to make blockchain development open to more engineers, as well as faster and more efficient. While it may be a long-standing joke in the developer community that any bug can be turned into a feature simply by documenting it, the fact is that blockchain deployment is often mission-critical. Whether it’s at the protocol level within a permissioned enterprise solution, on a public chain, or within an app that processes financial transactions, dependability is not optional. And as DeFi soars, the importance of identifying […]

More info

Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Discuss Illegal Confiscation, Police Extortion

The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police extortion. Venezuela Seizes Bitcoin Mining Equipment The Bolivarian National Guard of Venezuela (GNB) announced via Twitter Monday that it has seized 315 Antminer S9 bitcoin mining rigs in the southern region of the country. The GNB is one of the largest divisions […]

More info

Bad Day for Stocks Sends Bitcoin Price Below Key $9.3K Support

Bitcoin price dropped below $9,200 as stocks were rattled by the U.S. Supreme Court decision on President Trump’s tax returns. Today Bitcoin (BTC) price abruptly dropped 2.93% to $9,160 before traders stepped in to push the price back to the $9,200 level. Crypto market weekly price chart. Source: Coin360 The mild correction occurred as the Dow pulled back 370 points and the S&P 500 and Nasdaq also saw small losses. Gold also pulled back 0.92% but still is only $17 away from its recent high at $1,818. […]

More info

Dogecoin Margin Trading and Saving Accounts Now on OKEx

The announcement follows a Dogecoin marketing campaign that caused the coin’s price to surge 124% in two days. Cryptocurrency exchange OKEx launched saving accounts and margin trading for meme cryptocurrency Dogecoin (DOGE). According to an announcement shared with Cointelegraph on July 9, OKEx announced that leveraged spot trading, perpetual swap contract trading, and saving features will launch tomorrow for the meme-based cryptocurrency, Dogecoin. OKEx did not answer Cointelegraph’s inquiry by press time. Exchanges capitalize on the Dogecoin crazie The announcement follows a recent Dogecoin viral marketing campaign […]

More info
1 2 3 6