Banking and Finance

Another Bitcoin Split to Happen in 3 Months

Right after a split that took place at the start of the month, another Bitcoin hard fork is scheduled to happen three months from now. Jean-Pierre Rupp, Bitcoinj developer, filed an announcement earlier this week which mentioned the upgrade to 2MB blocks that will continue to work on SegWit2x. While SegWit2x members gave the proposal their general approval, Bitcoin core developers opposing SegWit2x said that the Bitcoin Core client 0.15.0 will automatically be disconnecting nodes supporting the fork. The cryptocurrency was also reported to have hit a new high a few days ago, surpassing the $4000 mark.   Source: CoinTelegraph

Ukraine Central Bank Says New Malware May Strike Soon

Ukraine Central Bank Says New Malware May Strike Soon

Last Friday, the Ukrainian central bank sent a letter to banks, warning of a new malware that can incapacitate systems similar to the NotPetya cyberattack that took place last June 27. According to the bank, the malware will be delivered using word document email attachments. At present, the Kiev central bank is coordinating with the police and government-backed Computer Emergency Response Team (CERT) to bolster the defenses of the Ukrainian banking sector. Rumored to be a testing ground for Russian state-sponsored hacking, Ukraine is currently in a difficult position to protect state institutions and systemic companies from cyberattacks. It is […]

Unikrn to Launch $100m Cryptocurrency Sale in September

Unikrn to Launch $100m Cryptocurrency Sale in September

Seattle, USA – US sports betting platform Unikrn will be holding an initial coin offering next month amounting to $100 million in cryptocurrency. The company’s new coin called UnikoinGold, will be available for pre-selling within the next few weeks, while the crowdsale will be in September. UnikoinGold will be replacing the Unikrn’s current coin, Unikoin. Co-founder and CEO Rahul Sood, who previously ran Microsoft’s startup venture fund, revealed that his company embraced cryptocurrency to bypass the banks, who were difficult to work with. He says it is the only route to avoid dealing with difference currencies and borders. Source: Reuters

Blockstream Inc. to Launch Satellite for Better Bitcoin Proliferation

Blockstream Inc. to Launch Satellite for Better Bitcoin Proliferation

Blockchain technology company BlockStream Inc. is planning to launch a satellite that can broadcast bitcoin data, reaching areas of the world without Internet access or those where bandwidth costs discourage participation in bitcoin. The satellite will be able to provide free access to the Bitcoin blockchain, sending and recirculating blocks in real time. The company says that it is the first public satellite service that will allow anyone to manage Bitcoin nodes without being constrained by traditional network connectivity. Dr. Adam Back, CEO and co-founder of the company, additionally said that the permissionless nature of Bitcoin allows anyone to create […]

TrickBot Malware Redirects Victims to Real-Looking Fake Login Page

TrickBot Malware Redirects Victims to Real-Looking Fake Login Page

Security researchers at Cyren discovered earlier this week that the notorious banking Trojan is once again making rounds, targeting clients of a major bank using a new phishing email campaign.   The credential stealing malware, infamous for hitting online banking customers, is now able to redirect its victims to a fake login page that is practically indistinguishable from the real one. The fake page even uses the correct URL and certificates. The phishing emails usually bear the subject “Incoming BACs”, and come with Excel attachments. The recipient is asked to enable macros, which deploys the malicious payload. Once a computer […]

Hours After Hitting $3800, Bitcoin Soars to $4000

Hours After Hitting $3800, Bitcoin Soars to $4000

Just 24 hours after trading around $3700, leading cryptocurrency Bitcoin rallied up to $4135. This strong uptrend comes after a controversial month that Bitcoin weathered through. Experts believe that surviving the hard fork and SegWit developments, as well as the increased scrutiny over initial coin offering frenzy help cement confidence in Bitcoin’s future. Opinions, however,  are currently divided on where the currency is headed. While Wall Street analysts are currently expressing positive sentiments towards the cryptocurrency, peaking the interests of non-technically inclined investors, there seems to be an equal number of pundits in the opposing camp that believe the bubble […]

Bitcoin Hits $3800, Predicted to be Bullish

Bitcoin Hits $3800, Predicted to be Bullish

Yesterday, Bitcoin briefly touched a little over $3800 from $3709, a high that was seen as a bullish trend by the Bitcoin community. The trend is seen to be a sign of stability and potential for the cryptocurrency. Experts say that the rise over $3700 may be indicative of another uptrend and is likely caused by market confidence after the SegWit controversy. Community experts recommended buying on dips, but recently there had been very opportunities to do so.    Bitcoin pundit and Civic CEO Vinny Lingham predicted the price peak in a tweet last August 5.         Source: Coin […]

Senators Urge Reserve Bank of Australia to Make Bitcoin an Official Currency  

Senators Urge Reserve Bank of Australia to Make Bitcoin an Official Currency  

The Reserve Bank of Australia (RBA) is being persuaded by senators Jane Hume and Sam Dastyari to recognize Bitcoin as a legitimate currency. The two senators argue that making Bitcoin an official currency will positively transform Australian financial firms and the Reserve Bank. They claim not doing so will risk Australia’s financial competitiveness, which can leave them far behind. Sources also said $145 billion worth of annual financial service earnings is at stake if Australia does not make the decision. Dastyari has shown strong support for Bitcoin for years, even proposing to legalize it since 2015. Even then, he said […]

Cryptocurrency Market Reaches Record High of $121 Billion, Bitcoin Shares Weaken

Cryptocurrency Market Reaches Record High of $121 Billion, Bitcoin Shares Weaken

A new all-time record has been hit by the entire cryptocurrency market, exceeding its $120 billion mark. Breaching the $120 billion limit happened within just two months, after the notable $100 billion crypto-cap was exceeded in June. Prior to the the crypto market’s increase, it experienced drops in July from $63 billion. It quickly recovered the $100 billion mark once again in August 1, during the Bitcoin Cash blockchain fork. According to sources, the combined market value of every listed digital currency is now $121.1 billion. Analysts have also tracked cryptocurrency exchanges of up to $4.3 billion within 24 hours […]

Bitcoin Price Surges Over the $3,000 Record High, Hodlers Enjoy Gains

Bitcoin Price Surges Over the $3,000 Record High, Hodlers Enjoy Gains

Bitcoin just traded at $3,104 during press time last Saturday, which is the highest BTC price of all time. Many reluctant BTC hodlers were finally able to enjoy their gains despite the uncertainty that came in the last month. When the Bitcoin Cash (BCH) fork was announced last month, many analysts changed their minds about the BTC’s strength. But others remained calm, encouraging investors to trust in the foundations of BTC while assuring them there is no real risk of loss. The BTC trade update proved them right, leading to significant gains. As for other cryptocurrencies, Ethereum (ETH) and Litecoin […]

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