New Email Extortion Scam Targets Google’s AdSense, Demands Bitcoin

A new extortion scam targeting website owners serving banner ads through Google’s AdSense program has begun circulating the Internet. The malicious scheme demands Bitcoin (BTC) in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension. The email-based extortion scheme was reported by security news and investigation blog KrebsOnSecurity, on Feb. 17. The blog post detailed that some site owners received a message as their site had been spotted by the malicious program as one seeking revenue from publishing an ad. The message ostensibly read:…

Blockchain Deployment Rises Amid Coronavirus Outbreak

Amid the ongoing coronavirus epidemic, China has turned to blockchain technology to manage medical data, track supply of virus prevention materials and consult the public. For the first two weeks of February, China saw the launch of as much as 20 blockchain-based applications designed to help fight the coronavirus outbreak, domestic news outlet People’s Daily Online reported on Feb. 17. Most of the apps are used to manage citizens’ personal data as many people are returning to work this month. Blockchain is on guard for medical data security Local authorities…

Bitcoin Price Dips Below $9.5K as Whale Deposits 600 BTC to BitMEX

Bitcoin (BTC) fell below $9,500 for the first time in almost two weeks on Feb. 17 as downward pressure continued to pressure markets. Crypto market weekly price chart. Source: Coin360 BTC further rejects $10K Data from Coin360 and Cointelegraph Markets showed BTC/USD hitting twelve-day lows of $9,485 on Monday. At press time, the BTC price was struggling to find support at $9,500.  The shift lower followed a four-day slide for Bitcoin, which had topped out at $10,500 before seeing considerable resistance kick in.  Some traders appeared worried, as evidenced by…

Russian Central Bank Links Crypto Transactions With Money Laundering

The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as a potential money laundering risk. The bank issued an update to directive 375-P, which lists all signs of suspicious activity that may be linked to money laundering. This is the first such update since 2012, when the initial regulations were introduced. The manual was developed in collaboration with the Federal Service for Financial Monitoring (Rosfinmonitoring). A central bank representative…

New Partnership Aims to Bring Blockchain Sports Tokens to the NFL, MLB

American sports fans could soon be using blockchain-based tokens to interact with their favorite teams. Blockchain sports firm Chiliz has partnered with major marketing agency Lagardere Sports and Entertainment, according to a press release on Feb. 17.  Chiliz CEO Alex Dreyfus told Cointelegraph that — as part of the partnership — Lagardere’s sales team will present Chiliz and its blockchain-based fan interaction system Socios to new sports teams, leagues and sports federations.  Dreyfus explained that, since Lagardere has a major presence in the United States, it will help expose Chiliz…

Bitcoin Will Surge to $400K — Max Keiser Quadruples BTC Price Forecast

Bitcoin (BTC) is going to hit a giant $400,000, celebrated TV host Max Keiser has said as he raises his price target for the first time since 2012. Speaking on news information show Infowars on Feb. 17, Keiser told host Alex Jones that his old prediction of $100,000 was now too conservative. He told the show: “I am officially raising my target for Bitcoin — and I first made this prediction when it was $1, I said this could go to $100,000 — I’m raising my official target for the…

Brazilian Cryptocurrency Exchanges Hit Hard by Tax Regulations

Legislators in Brazil have gotten support to regulate the crypto market following allegations of fraud at Atlas Quantum, Zero10, and Trader Group last year, and February saw some of the results of those actions. Bitcoin.com has reported that two major cryptocurrency exchanges based in the South American nation have been shut down following threats of heavy fines and the immediate effects of the regulations.  Acesso Bitcoin was one of the exchanges to voluntarily close their doors. Cofounder Pedro Nunes was quoted by crypto news outlet Portal do Bitcoin as saying:…

Crypto-Friendly Presidential Candidate Andrew Yang Considering a Mayoral Run?

“See you back in New York,” Andrew Yang said as he ended his campaign for US president.   Cryptocurrency holders saw an ally in 2020 presidential hopeful Andrew Yang, so the news that he was suspending his campaign on Feb. 11 came as a major disappointment. As one of the outspoken candidates on blockchain and crypto, Yang outlined his plans for the cryptocurrency industry and discussed implementing blockchain-based mobile voting for the upcoming election. One of the political action committees (PAC) supporting Yang even allowed donations in Bitcoin. Yang’s progressive ideas…

Binance Takes Additional Steps to Tap Singapore’s Crypto Market

The Monetary Authority of Singapore recently opened its doors to crypto by introducing the Payment Services Act. This policy is intended to regulate cryptocurrency payments and trading using regulations that currently govern traditional fiat payment services as a guideline. Any interested parties must apply for the appropriate licenses in Singapore, including a standard payment institution license, a money-changing license, and a major payment institution license. According to a Feb. 17 Bloomberg report, one of the world’s largest crypto exchanges has done just that. Binance, with headquarters in Malta but also…