Silk Road’s Ross Ulbricht Brands Ethereum’s MakerDAO a “Cool Concept”

There’s no doubt Ethereum decentralized finance (DeFi) has been a hot trend over recent weeks. Nothing shows this as well as the value of cryptocurrencies locked in With DeFi gaining steam, there have been new voices chiming in. One such voice commenting on DeFi is Ross Ulbricht, one of the earliest known Bitcoin adopters and the founder of the online marketplace Silk Road. Related Reading: DeFi Effect: Scaling Debate Begins as Ethereum Fees Reach Two-Year Highs Ethereum’s DeFi Flagship MakerDAO Is a “Cool Concept”  Ulbricht, who is currently serving time…

When This Signal Appeared in 2015, Bitcoin Rallied 2,000%. It’s Back

It’s been a quiet past few weeks for Bitcoin. After reaching $10,400 at the start of June, the cryptocurrency has seen a correction and now trades in the low-$9,000s. Although a bear trend has yet to form, many have stated that the rejection BTC faced at $10,400 was bearish. After all, $10,400-10,500 is the exact region Bitcoin faltered at in February, prior to the crash to $3,700. Yet a crucial on-chain signal that appeared at the start of three previous bull runs has just been seen. Related Reading: U.S. Congressman…

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

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 have since been processed but little information on the funds’ destination has been reported.  Just two days before this latest…

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

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 tokens.  Per the SEC’s announcement on today’s approval: “New and innovative businesses are welcome to participate in…

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

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 “Cardplanet” which sold payment card information: “Many of the card numbers offered for sale belonged to U.S. citizens. The stolen credit card data sold on Burkov’s site has resulted in over $20 million in fraudulent purchases made using U.S. credit card…

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

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 level of $13,000. At the same time, he says that it is critical that price does not fall below $6,500:…

Singapore Witnessed a Surge in Ransomware Attacks During 2019

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 2019” 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 logistics industries. Phishing attacks also rose in 2019 Phishing cases also saw a sharp increase. The agency…

Compound’s COMP Token Paves Way for DeFi Yield Wars

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.” The result of this will be increased interest in the DeFi space as a whole, Anderson argues. Some of those effects can already be seen in skyrocketing valuations for other tokens, like Aave’s…