Crisis Highlights the Need for Ethereum

Vitalik Buterin believes that Ethereum can play a role in a future global crisis as the glue that helps bind nations together. The Ethereum co-founder spoke at the Ethereal Summit 2020 on May 7 to The Defiant’s Cami Russo. Describing the current global crisis as more than just a financial one, Buterin said the levels of political discord and distrust between countries had highlighted the need for a network like Ethereum. “I definitely think that there’s a role for blockchains — and Ethereum in particular — to play in being…

Bitcoin Primed To Test $10,500 as Bulls Take Over Crypto Market

Bitcoin is up more than 7% and it broke the $10,000 resistance against the US Dollar. BTC is showing many bullish signs on the daily chart and it is likely to test $10,500. Bitcoin is gaining bullish momentum and it recently spiked above $10,000. The current crypto market sentiment is very positive, suggesting more upsides towards $10,500. There was a break above a crucial bearish trend line with resistance near $7,800 on the daily chart of the BTC/USD pair (data feed from Kraken). Ethereum and ripple are slowly gaining momentum,…

Hackers Threaten to Release Legal Secrets of World’s Biggest Stars

The private legal affairs of dozens of the world’s biggest music and movie stars — Lady Gaga, Elton John, Robert DeNiro, and Madonna among them —  are at risk of exposure following a ransomware attack on a high profile New York entertainment law firm. Grubman Shire Meiselas & Sacks have reportedly been hit by the REvil ransomware (also known as Sodinokibi), with the attackers threatening to release up to 756GB of stolen data in nine staged releases. The stolen data includes confidential contracts, telephone numbers, email addresses, personal correspondence, non-disclosure…

EA Completely Fumbles Its Madden NFL 21 Xbox Series X Reveal

EA officially announces Madden NFL 21 for Xbox Series X. The company also confirms that players will be able to get a free Xbox Series X upgrade if they buy the game on Xbox One. However, the terms for the upgrade are much more limited compared to other Xbox Series X Smart Delivery titles. In the Xbox Series X gameplay reveal event on May 7, Kansas City Chiefs QB Patrick Mahomes II was on hand to announce Madden NFL 21 for the console. Like several other games shown as part…

Crypto Investor Sues New York Teen for $71.4 million in SIM-Swap Saga

Investor Michael Terpin is suing a New York teenager for $71.4 in damages for allegedly stealing $23.8 million in cryptocurrency from him in 2018.  It’s the latest legal action in a long running saga. Ellis Pinsky of Irvington, New York, along with his co-conspirators reportedly managed to snatch $23.8 million worth of cryptocurrency in a SIM swap from the plaintiff. At the time of the alleged crime, Pinsky was just 15 and a representative for Terpin said he had returned $2 million of the funds. Now he is 18 Terpin…

Buried Report Reveals Factors Behind South Korea’s ‘18 Crypto Crackdown

A newly unearthed report from South Korea’s financial watchdogs has revealed the rationale behind the country’s 2018 crypto crackdown that played a featured role in ‘Crypto Winter’. Digital Today dug up the “2017 Anti-Money Laundering Annual Report” which showed the Financial Intelligence Unit had identified more than half a million crypto transactions in South Korea in 2017 related to illegal activities. The 519,908 crypto transactions were flagged by authorities as “suspicious” and the upswing in money laundering fuelled the national government’s decision to carry out a partial crypto crackdown in…

Bitcoin Hits $10K — Paul Tudor Jones Buys BTC Comparing it to Gold

Today Bitcoin (BTC) hit $10,000 after finally managing to break above a long-term descending trendline at $9,400. The break above the important psychological level comes as there are only 4 days left until the Bitcoin block reward halving and a strong sustained surge in purchasing volume shows retail traders are steadily piling into the digital asset. Crypto market weekly price chart. Source: Coin360 Data from Cointelegraph Markets and CoinMarketCap shows that shortly after 11:34 p.m. UTC BTC/USD moved to $10,000. From this point traders will watch to see if the…

Here’s What Analysts Think Comes Next

Just hours after our last market update, Bitcoin has topped $10,000. This is the first time the cryptocurrency has done this in over seven weeks. After holding $9,400 for all of Wednesday, the cryptocurrency surged higher over the past few hours, passing resistance after resistance in the $9,000s, culminating in the surge past $10,000 just minutes ago. Chart from TradingView.com This latest move may not be that notable in percentage terms but analysts say it’s important from a technical standpoint. One trader, in fact, commented that once Bitcoin decisively clears…

‘Fastest Horse’ Bitcoin Blasts Toward $10,000 as Paul Tudor Jones Backs BTC

Bitcoin’s price peaked at $9,972.03, its highest in two-and-a-half months. Billionaire hedge fund manager Pual Tudor Jones says he bought BTC futures to hedge against inflation. Bitcoin’s quadrennial halving event is likely to fall on May 12. The price of bitcoin edged closer to the psychological $10,000 level on Thursday, as investors geared up for the quadrennial halving in roughly five days. Meanwhile, one of the world’s most famous investors just threw his weight behind BTC as a hedge against inflation. Bitcoin Approaches $10,000 Bitcoin’s value peaked at $9,972.03 on…

Zcash Researchers Discover Criminals Are Laughably Unskilled at Using Crypto

A study by Rand Corporation unveiled that people using Zcash for illicit or criminal purposes in the dark web may not fully understand the underlying technology. According to the 65-page report published on May 7, the US-based think tank and government contractor highlighted that criminals have doubts regarding the anonymity offered by Zcash. The research highlights that the governance of Zcash and its branding as compliant with AML/CFT regulations may make it less susceptible to exploitation for illicit or criminal purposes. However, there is one aspect that the study reveals…