The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens.That address belongs to the operators of MMM Global – a multi-level marketing scheme that offers 1% returns on investment per day. Targets are urged to contract more people into the scheme, with the promise of...
Read More »Madonna And Lady Gaga’s Law Firm Hacked By Bitcoin-Demanding Cybercriminals
A recent report indicated that the hacker group known as REvil (or Sodinokibi) had attacked the website of a New York-based law firm representing famous individuals such as Sir Elton John, Madonna, and Lady Gaga.Interestingly, the group recently announced switching from Bitcoin to Monero as the primary method of ransom payments.REvil Hacks A Law FirmThe BBC report revealed that REvil has taken down the website of the New York law firm called Grubman Shire Meiselas & Sacks. The group...
Read More »Wall Street-Linked Firm Discloses $140 Million Bitcoin Fund
According to a recent report, the New York Digital Investment Group (NYDIG) has sold nearly $140 million in a little-known Bitcoin fund. Formally called NYDIG Bitcoin Yield Enhancement Fund LP, it’s described as a pooled investment fund that began selling just last week.Bitcoin Fund Selling $140MPer the report from Forbes, NYDIG, which previously received a BitLicense from the state of New York in 2018, disclosed selling nearly $140 million in the previously unknown fund in a Form D filing...
Read More »Cardano (ADA) Price Analysis: Fresh Rally Above $0.052 Very Likely
ADA price is trading in a positive zone above the $0.0450 support against the US Dollar.The price is likely to surpass the $0.0520 and $0.0540 resistance levels.There is a key contracting triangle forming with resistance near $0.0520 on the 4-hours chart (data feed via Kraken).The price could dip a few points, but it is likely to remain well bid above the $0.0450 support.Cardano price is showing a few positive signs above $0.0480 against the US Dollar, similar to bitcoin. ADA price must climb...
Read More »#880 Interview Vin Armani from Cointext.io about Bitcoin Cash, Crypto and the future of money
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 880. Heute spreche ich mit Vin Armani von Cointext.io über Bitcoin Cash, Crypto and the future of money. Telegram Kanal: https://t.me/bitcoininformantLBRY.tv: https://lbry.tv/$/invite/@bitcoininformant:eSteemit: https://steemit.com/@denniskorayHIVE: https://hive.blog/@denniskorayInstagram: https://www.instagram.com/denniskoray/Facebook: https://www.facebook.com/btcinformant/ Sonnige GrüsseDennis „Bitcoin...
Read More »Bitcoin Price Analysis: BTC Remains in Uptrend Above $8,400
Bitcoin price started a strong downside correction from the $10,069 high against the US Dollar.It is currently consolidating above the $8,400 and $8,250 support levels.There is a crucial bullish trend line forming with support at $8,410 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a fresh rally if there is a clear break above $9,120 and $9,180.Bitcoin price is currently consolidating losses above the $8,400 support against the US Dollar. BTC is...
Read More »Has the Coronavirus Contributed to BTC Awareness?
Is it possible that the coronavirus pandemic has managed to help bitcoin in the long run?The Coronavirus Has Served a Loft Purpose, in a WayWhile the virus ultimately caused bitcoin to lose most of its value in mid-March of this year, those losses have largely been earned back. In addition, the Fed has resorted to the excess printing of money and the release of stimulus funds to assist people as they deal with a flailing economy and an illness that very few people really seem to understand....
Read More »Bitcoin Claimant Craig Wright Warns Opponents: The Axe Is In My Hand, And About To Fall Hard
The self-proclaimed Satoshi Nakamoto, Craig Wright, took the opportunity to publish a blog post on May 11, the day of the third Bitcoin halving, to warn his opponents in the Bitcoin space and beyond that, the axe is now in his hand – and it’s about to fall hard.The Axe Swings for TheeThat’s according to Wright’s latest rant titled, How the World Works; or, A Discourse on Fake News, in which he takes swings at Bitcoin, crypto YouTubers, John McAfee, Ira Kleiman, the “fake news” media, and much...
Read More »Tezos Price Analysis: XTZ Soars 8%, But Still Far From The Monthly Highs Around $3
Tezos is slowly regaining bullish momentum, getting close to key resistance at $2.58XTZ broke down from a two-month ascending trending, initiating a sharp price dropAgainst Bitcoin, Tezos formed a double bottom at the 0.00027 BTC support, which could become bullishXTZ/USD: Recovery After BreakdownKey Resistance Levels: $2.58, $2.89, $3Key Support Levels: $2.375, $2.06, $1.88Tezos slightly lost its short-term bullish trend a few days ago after dropping below critical support at $2.58, along...
Read More »The Halving Is Over; So What’s Next?
The halving has come and gone, but for some analysts, the mystery is still up in the air, and several people are wondering what the event will produce.What Will Happen Now That the Halving Is Over?For some, the news of the halving doesn’t mean much, and they predict that bitcoin will remain relatively unaffected in the short run. However, they do believe that things could ultimately turn uber-bullish in the coming months. This is a sign of bitcoin’s potential growth and maturity.Garrick...
Read More »