Book Review – Growing With Blockchain

Growing With Blockchain: From Disruptive Potential to Operational Reality, as its title suggests, is about blockchain. Specifically, it is about turning the disruptive potential of blockchain into an operational reality, in order to help your business grow. It is aimed squarely at decision makers, particularly those who may already be considering the possibilities of blockchain technology for their company. It comprises 19 short essays (and a foreword), written by 18 of the leading blockchain performers. It should be noted that this book is written from a U.K. perspective, although a…

Uber & Robinhood Angel Investor: 99% of Crypto Projects Are Garbage

In 2017 and 2018, thousands of entrepreneurs were attempting to launch their own crypto project to capitalize on the bubble-like conditions. Due to the mania, there are now over 5,000 digital assets listed on CoinMarketCap — and there are likely thousands of others that failed to make the cut. Unsurprisingly, not everyone is convinced that all players in such a saturated market have value. One prominent venture capitalist, in fact, went as far as to say that 99% of crypto projects are simply “garbage.” Related Reading: DeFi Effect: Scaling Debate…

There’s a Bitfinex “Whale” Looking to Buy Bitcoin in the High-$8,000s

It’s been a tough past few days for Bitcoin. After holding $9,300 for days on end, the cryptocurrency on Saturday slipped under $9,000. The leading cryptocurrency reached a local low of $8,840 on many leading spot and margin exchanges. Many traders were caught off guard by this move to the downside. At least $20 million worth of longs on BitMEX alone were liquidated during this drop. This adds to the approximately $50 million in longs liquidated across the past few days. BTC position liquidation chart for BitMEX from crypto derivatives…

Ransomware Gang Failed to Deploy an Attack Against 30 US Firms

Cybersecurity firm Symantec blocked a ransomware attack by a group known for demanding payment in Bitcoin (BTC) directed at 30 U.S.-based firms and Fortune 500 companies. The announcement published by the cybersecurity firm claims that the Evil Group, the malware gang behind the attacks, targeted the IT infrastructures of the firms. Still, the companies were alerted in time to prevent deployment of the ransomware. The group used the ransomware WastedLocker and managed to breach the security of the victims’ networks and unsuccessfully attempted to laying the ground for staging the…

It May Take Bitcoin Until Q4 2020 to Break Into a Bull Market: Analyst

There have been many optimistic Bitcoin traders that have been expecting an imminent break into a bull market. Yet an analyst has said that it may be until the end of 2020 that the cryptocurrency markets enter a full-blown bull phase. Related Reading: Crypto Tidbits: Bitcoin At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPal Bitcoin May Have Months More of Consolidation to Go There’s no doubt Bitcoin’s volatility has tightened over the past few months. Despite the drop in March, on a macro scale, the leading cryptocurrency is actually in…

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

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,” “segmed,” and “serjbear,” claimed responsibility for his role in the organization created in October 2010 by a Ukraine national, Svyatoslav Bondarenko. Medvedev pleaded guilty before U.S. District Court Judge…

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

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. Although the addition would bring digital assets greater availability, Yocom-Piatt added that the…

Bitcoin Price Bounce at $8.8K Support Shows Traders Keep Buying the 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 the price near the edge of a key high volume VPVR node at $8,800.  BTC USDT daily chart. Source: TradingView If bears…

New Research Shows Massive Internet Spying, Several Crypto Sites Listed

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.  A list of sites at risk Although the nefarious movement uses several different methods, including malware, such activity…

$20 Million in BitMEX Longs Wiped as Bitcoin Crashes Below $9,000

After weeks of consolidation, Bitcoin decisively broke below $9,000 just minutes ago. The cryptocurrency dipped as low as $8,840 on leading spot exchanges and slightly lower on margin-enabled exchanges like BitMEX. BTC price chart of the drop from TradingView.com This move caught many traders off guard, according to derivatives data. Skew.com reported that more than $20 million worth of longs on BitMEX alone were liquidated during this move lower. This adds to the approximately $50 million in longs liquidated earlier this week as the cryptocurrency slid from ~$9,400 to $9,000.…