Hackers managed to steal close to $900,000 worth of Bitcoin from Electrum wallet users via a phishing attack. While the attacks seem to have come to a halt, Electrum Devs say the hackers can launch new exploits since the issue hasn’t been permanently fixed. Fake Electrum Wallet ‘Update’ Phishing Attack The news of the attack first appeared on GitHub via one of Electrum’s developers code-named SomberNight. Starting on Friday (Dec. 21, 2018), hackers began tricking Electrum wallet users into downloading an update, which turned out to be from a malicious source. The…
Read MoreMonth: December 2018
PR: ACD and Bitcoin.com Have Teamed up to Launch Payments With Bitcoin Cash
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. December 28th, 2018 Bitcoin.com ACD Inc Bitcoin.com CEO Roger Ver has announced a strategic partnership within the cryptocurrency space between his company and the Tokyo-based ACD Inc (funded by ANA Holdings). Based on this alliance, ACD’s token will be launched on the Bitcoin Cash network…
Read MoreBitcoin Price Analysis: Bears Raise the Stakes
While the short Bitcoin price rally was powerful and sweet, the overall picture for cryptocurrencies remains bearish and barring the occasional oversold bounce or two, crypto looks set to resume its bearish trend. Bitcoin Price: Market Overview Crypto provided a nice relief rally leading up to Christmas Eve before traders decided to take profits and focus on eating, opening presents and spending a little quality time with family. Analysts are now forecasting that Bitcoin price 00 will dip to or below $3,000 and one former International Monetary Fund economist cautioned…
Read MoreJudge Denies Craig Wright’s Motion to Dismiss Billion-Dollar Bitcoin Lawsuit
On Dec. 27, court documents from the case against the Nchain chief scientist, Craig Wright, explained a large portion of his recent dismissal motions were found “not warranted” and were denied. Wright is being sued for 1.1 million BTC in a legal case in Florida that alleges he manipulated David Kleiman’s family. Also Read: Many Self-Proclaimed Bitcoin Inventors and Satoshi Clues Were Debunked in 2018 The Lawsuit Against Craig Wright for 1.1 Million BTC Moves Forward According to case 18-CV-80176 Kleiman v. Wright filed in South Florida, Craig Wright is accused of…
Read MoreBitcoin Not Correlated With Stock Market, Fund Manager Says
Anthony Pompliano maintains that Bitcoin shares no correlation with the traditional stock market. For the Morgan Creek Digital Assets chief, there is only at best a minor psychological relationship between both asset classes brought on by traders with diversified portfolios containing stocks and cryptos. Bitcoin has Proven to be Non-Correlated Speaking to CNBC on Wednesday (Dec. 26, 2018), Pompliano maintained that Bitcoin is a non-correlated asset. According to the founder of Morgan Creek Digital Assets: If you look at the correlation between digital assets and the S&P 500 over the last 180…
Read More190 Companies Seek to Enter Japanese Cryptocurrency Market
In an exclusive interview with news.Bitcoin.com, Japan’s top financial regulator has confirmed the number of companies currently wanting to enter the Japanese cryptocurrency market. Meanwhile, several existing crypto exchanges in the country are undergoing changes. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Over 190 Companies Want In Japan’s Financial Services Agency (FSA) confirmed to news.Bitcoin.com on Wednesday the number of companies to date that have expressed interest to register as cryptocurrency operators. The FSA said: Including preliminary consultation/inquiries regarding registration, more than 190 operators are…
Read MoreSpin Copper Into Gold
What a comeback! Yesterday, the US stock market experienced what can only be described as a face-ripping rally. One trading day after the US indices officially entered a bear market the Dow Jones soared 1086 points, it’s biggest single-day gain ever. The Nasdaq rose an unthinkable 6.32%, and the S&P500 put up its best performance since March 2009. The stocks were egged on by President Trump, who made a bold call to buy the dip, before leaving for his surprise holiday trip to Iraq. For anybody surprised by yesterday’s snap rally, let this…
Read MoreHere’s How the World Will Commemorate Bitcoin’s 10th Anniversary on Jan. 3
Bitcoin’s 10th anniversary will fall on Jan. 3. As a decentralized currency that belongs to everyone and no one, there is no official way to commemorate its 10th birthday. From wallet manufacturers to developers, every ecosystem participant will have their own suggestions as to how bitcoiners should mark the historic occasion. Also read: Support Grows for Bitcoin Proof of Keys on Jan. 3 Unofficial Ways to Celebrate Bitcoin’s Unofficial Birthday It’s human nature to see significance in numbers. That’s why the crypto community lost its mind over a block hash containing…
Read MoreMajor Hong Kong Winemaker is Buying a Japanese Cryptocurrency Exchange
A major winemaker, listed on the GEM board of the Hong Kong Stock Exchange is to acquire a majority stake in a Japanese cryptocurrency trading platform. The deal is meant to “achieve a better return” to the company’s shareholders. In Search for Diversification Madison Holdings Group – a $534 million winemaking company listed on the GEM board of the Hong Kong Stock Exchange is reportedly set to purchase a majority stake in Japanese cryptocurrency trading platform BitOcean. According to the release, Madison will buy 67.2 percent of BitOcean from independent…
Read MoreEtoro Will Give Dollar Equivalent of BSV to Pre-Fork Bitcoin Cash Holders
Holders of Bitcoin Cash (BCH) at social trading and multi-asset brokerage platform Etoro will now be compensated with a fiat cash amount of BSV corresponding to their pre-fork holdings. The decision comes six weeks after the contentious hard fork took place. Also read: 50% of Chinese Stock Exchange Companies Investigated Fail to Demonstrate Real Applications for Blockchain “The Best Thing to Do” U.S.-based investment platform Etoro announced on Dec. 27 that customers who were holding BCH leading into the hard fork last month will be given a cash amount per BCHSV.…
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