Tag Archives: Bitcoin

Amid the growing geopolitical threat of ransomware, crypto has become a stalking horse. Following a slew of high-profile exploits, there have been calls to ban or surveil blockchain networks, with the thinking that bitcoin catalyzes cybercrime.  The risks of ransomware are real: Any organization that relies on computers may be vulnerable to digital extortion. The threat isn’t always clear: Malware can be developed or deployed by individuals, state-backed groups or hacking collectives. And… Source link

TORONTO, July 12, 2021 /CNW/ – TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) (OTC: TAALF) (“TAAL” or the “Company”), a vertically integrated blockchain infrastructure and service provider for enterprise, announced today that TAAL will contribute its resources in support of the Bitcoin Association’s mandate to build a regulation-friendly ecosystem that fosters lawful conduct while encouraging digital currency and blockchain innovation. TAAL Distributed Information… Source link

Bitcoin (BTC) decreased slightly during the week of July 7-12, trading in a range between $35,293 and $32,077. It has broken out from a short-term descending parallel channel and is now trading inside an identical pattern in the medium-term. Bitcoin defends long-term support BTC decreased slightly during the week of July 7-12. It proceeded to reach a low of $32,077 before rebounding slightly and closing at $34,258. It has been trading above the $32,400 horizontal support area since May 19. While… Source link

(Bloomberg) — El Salvador’s declaration of Bitcoin as legal tender could create challenges for both the country and the cryptocurrency, according to a team from JPMorgan Chase & Co. Bitcoin trading volumes commonly exceed $40 billion to $50 billion per day, but most of that is internalized by major exchanges, said a group from JPMorgan including Steve Palacio, Joshua Younger and Veronica Mejia Bustamante, in a report Thursday. A large portion of Bitcoin is locked up in illiquid entities,… Source link

Cryptocurrencies traded higher on Friday after a volatile week. Bitcoin was holding above $33,000 support at press time and is roughly flat for the week. Technical charts suggest buyers will remain active above $30,000, although upside momentum is starting to slow heading into the weekend.  “The possibility of price action dropping into the mid-$20,000 range is alive, but traders looking for a retest of previous all-time highs will likely be disappointed,” Sean Rooney, head of research… Source link

It’s time to back up the truck and buy the beat-up shares of pioneering crypto exchange Coinbase (COIN), contends Oppenheimer analyst Owen Lau.  Coinbase shares don’t deserve to be swept up into the latest crypto winter, according to Lau.  “We think Coinbase should not trade in lockstep with bitcoin because bitcoin can be very volatile, but at the same time because of their volatility it drives higher trading volume. It is similar to all the traditional exchanges, and we think that it’s… Source link

Active bitcoin miners may see their profitability double following the 28% downward difficulty adjustment in mining on July 3, according to several mining sites.  The North American hash spread – an index invented by digital asset financial services platform BitOoda to measure the difference between bitcoin mining revenue per megawatt-hour and the cost of the needed power – has almost doubled to $449 from $225.  “Mining economics have improved significantly,” Sam Doctor, chief… Source link

Associated Press Iraqi militia commander vows to avenge deaths in US strike The leader of an Iran-backed Iraqi militia has vowed to retaliate against America for the deaths of four of his men in a U.S. airstrike along the Iraq-Syria border last month, saying it will be a military operation everyone will talk about. Abu Alaa al-Walae, commander of Kataib Sayyid al-Shuhada, said in an exclusive interview with The Associated Press in Baghdad that the electoral victory of Iran’s hard-line… Source link

Shortly after being entwined in a legal decision in the U.K., the Bitcoin.org website has faced another battle, this time on the technical front. According to the site’s pseudonymous operator, Cobra, Bitcoin.org was hit with an “absolutely massive” distributed denial of service (DDoS) attack. CoinDesk was able to access the site without issue. Decrypt reported on Monday that attackers had demanded 0.5 bitcoin ($17,012) to have the site’s services and operations restored to… Source link

One of the most widely used charts for predicting massive future bitcoin price gains is showing the largest divergence since January 2019.  The bitcoin stock-to-flow model currently suggests that the price of bitcoin should be around $77,900. But as of Monday, the cryptocurrency was trading at $33,668, well off the all-time high price of $64,829 reached in April.  Crypto analyst ‘PlanB’, who has been documenting his stock-to-flow model since March 2019, tweeted that BTC/USD is now the… Source link