Data Suggests Bitcoin Price Will Rise as Investor Demographics Shift

Bitcoin (BTC) has been trading sideways for around a month now and is being outperformed by several other altcoins like Ether (ETH) and Chainlink (LINK). The cryptocurrency also hit the lowest levels of volatility since November 2018.  Moreover, Bitcoin’s trading volume in it’s USDT and USD pairs has decreased by 56% and 44%, while global crypto trading volumes in June are down by 49.3% as well, according to CryptoCompare. While some point to these key factors as the start of a downtrend in Bitcoin price, there are still a few…

Crypto Management App Denies Being Hacked

Plutus, a crypto finance app founded in 2015, denied social media reports that its database was compromised by a hacking attack launched by alleged threat actors. On July 9, Israel-based threat intelligence firm, Sixgill, published an alert through their official Twitter account which stated that hackers have been sharing a database stolen from the crypto app since July 7, with no additional details revealed. Official Plutus statement on the alleged cyber-incident However, a representative from Plutus sent Cointelegraph the following statement: “We have investigated several possible attack vectors and not…

There Are Over 13K Bitcoin Addresses Worth $1M

There are over 13,000 Bitcoin (BTC) addresses that are worth at least $1 million, according to data from Glassnode. 107 BTC to become a millionaire At the current prices, it takes about 107 BTC for an address to become a dollar millionaire. Since this metric is tied to the dollar price of Bitcoin, it tends to fluctuate a lot. For comparison, the number of addresses that contain at least 100 BTC has a much lower volatility. Bitcoin addresses that hold ≥ 100 BTC v. addresses that hold ≥ $1M worth…

As Bitcoin’s Volatility Hits Historic Lows, Traders are Eyeing a Move to $13,000

All of Bitcoin’s recent volatility has occurred within a relatively tight trading range between $9,000 and $10,000. There have been a few occasions in which the cryptocurrency has broken above or below these range boundaries, but each time has been short-lived and followed by a swift movement back into the range. This range was first formed in early-May. It isn’t showing any signs of breaking anytime soon. A result of this price action has been Bitcoin’s volatility hitting historic lows. Volatility levels this low are rare and are virtually always…

Regulators Are Guarded But Getting There, July 3-10

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.  Editor’s note Policy changes slowly. Crypto wants to move fast. Sometimes fairly, sometimes not, the crypto industry often portrays traditional financial regulators as calcified relics unprepared to deal with the coming new world.  To be fair, everyone seems to acknowledge that markets and trading systems need comprehensive upgrades, but national and international regulators are accountable to a wider range of concerns than any specific industry. The crypto industry sometimes takes that…

Your Passwords Could Be For Sale on the Dark Web Right Now

A recent study revealed that over 15 billion credentials are in circulation via the dark web, representing a 300% increase since 2018. Available information ranges from network access credentials, banking login data, and even streaming services accounts from Netflix. According to research conducted by the cybersecurity firm Digital Shadows, part of the leaked data is even circulating for free. The report warns that the reason that so many account credentials are available online is that people are using non-complex passwords that can be easily brute-forced using hacking tools. Access to…

Coinbase Listing News Fits With Bullish Mainstrem Market, Pomp Says

Amid a bullish mainstream market, news of Coinbase’s reported traditional stock market listing could prove timely alongside other companies similar public listing efforts.  “When good times are rollin in the stock market, people want to get in there,” Morgan Creek Digital co-founder Anthony Pompliano said on an episode of his YouTube show, Lunch Money. Pompliano’s response came after a question from co-host, writer and influencer Polina Marinova, on the timing of Coinbase’s listing.  Traditional markets have shown positivity as of late. The S&P 500, a common mainstream market health barometer, sits…

Ukrainian Hacker Caught Selling Government Databases for Crypto

A Ukrainian hacker got caught selling confidential information gathered from Ukrainian central government databases.  According to a media release from the Ukrainian Cyberpolice, a hacker whose identity was not disclosed was able to break into many government databases by compromising personal accounts of authorized staff.  The hacker reportedly used brute force approaches to break into email addresses and social media accounts. Through this simple method, he appears to have found 50 government databases with up-to-date information. He then sought to sell the captured information on hacker forums in exchange for…

Leaked Documents Suggest Former Wirecard Exec Was Linked to Secret Russian Gov Operations

Wirecard’s recently-prosecuted former Chief Operations Officer, Jan Marsalek, may have had ties to Russian intelligence services. He also allegedly held secret documents about the use of a Russian chemical weapon in the U.K. According to the Financial Times, the former Wirecard executive bragged of his intelligence services’ ties in an effort to further integrate with London traders. Recovered documents contain specific data on the formula for the world’s deadliest nerve agent, known as Novichok. The chemical weapon was used in the poisoning of a former Russian spy, Sergei Skripal, and…