Report: Cryptocurrency ransomware payments up 90%, thanks to Ryuk

Ransomware attacks are still doing the rounds and one in particular appears to be gaining pace. Cryptocurrency payments made to ransomware attackers increased nearly 90 percent in Q1 2019 over the previous quarter, according to ransomware support firm Coveware’s latest report. In the first quarter of the year, the average daily ransom being paid to…

Cryptos: Bitcoin scores a ‘golden cross’ — and now everyone is bullish

Once beaten down, bitcoin aficionados are growing louder by the day. On Tuesday, the best-known digital currency surged through $5,500, trading at a five-month high and homing in on key resistance around $6,000. And as momentum picks up, a closely watched bullish indicator suggests further gains are in sight. “The technical picture for [bitcoin] is…

The Tell: Bitcoin jumped as much as 20%: Here’s what experts are saying about the move

Even the most ardent bitcoin maximalist would agree it’s been a difficult 12 months for the world’s best-known digital currency. After trading near $20,000 in late 2017, the best-known cryptocurrency tumbled as much as 80%, demolishing portfolios and ending dreams of early retirements. But on Tuesday, bitcoin BTCUSD, +0.13%  stormed back, climbing as much as…

The Tell: Bitcoin is a hedge against ‘new world’ of central bank policy, says fund manager

Bitcoin prices in recent days have been resurgent, rising as much as 20%, and seemingly turning industry sentiment on a dime. However, as pundits debate potential catalysts for the sudden surge that took hold in an asset that had otherwise been locked in sideways trade for months, one fund manager said the shift in attitude…

Moving Towards web3.0 Using Blockchain as Core Tech

The invention of Bitcoin and blockchain technology sets the foundations for the next generations of web applications. The applications which will run on peer to peer network model with existing networking and routing protocols. The applications where centralized Servers would be obsolete and data will be controlled by the entity whom it belongs, i.e., the…

Flaws in Bitcoin make a lasting revival unlikely

“BE MORE BRENDA,” said the ads for CoinCorner, a cryptocurrency exchange. They appeared on London’s Underground last summer, featuring a cheery pensioner who had, apparently, bought Bitcoins in just ten minutes. It was bad advice. Six months earlier a single Bitcoin cost just under $20,000. By the time the ads appeared, its value had fallen…

Moonday Morning: Bitcoin dev ordered to prove Craig Wright isn’t Satoshi

It’s Monday which means it’s Moonday Morning and time to catch up with the top news from over the weekend. Let’s get to it. 1. Canadian financial regulators are learning from the QuadrigaCX debacle and are taking action to begin regulating cryptocurrency exchanges to mitigate the risks associated with virtual currency exchanges. In a joint…

‘Drug-dealing’ football coach sues Bitcoin fund manager over $14M loss

In Australia, a suite of high-profile cryptocurrency investors (which could include accused drug trafficker and former football coach Mark “Bomber” Thompson) are preparing to take their Bitcoin BTC fund manager to court over $14.2 million (AU$20 million) in losses. Stefanos Papanastasiou (39), founder of what claims to be Australia‘s first online bed retailer, is under fire…

This app exposes which cryptocurrency a user is most likely to shill on Twitter

It’s a challenge to navigate the cryptocurrency space. The entire community pretty much resides within the confines of the Twitter hellscape, where differences in investment portfolios often lead to in-fighting and disinformation. This is why one ingenious software developer created a new browser extension to help the general public figure out exactly what’s going on.…