Monthly Archives: July 2021

Bitcoin, dogecoin and ethereum surge days after Elon Musk ‘rode to the rescue’

As of 4:45 a.m. ET on Monday, bitcoin, ethereum and dogecoin had soared 10%, 7.3% and 11%, respectively, over the past 24 hours, according to data from CoinDesk. Bitcoin climbed to a six-week high of nearly $38,133, while ethereum reached $2,330. Dogecoin was last trading at about 20 cents per coin, giving it a $28.8 billion market cap. The surge came as major tech giants have signaled — or appeared to signal — their support for digital currencies through last week. For one, speculation… Source link

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Kubernetes Clusters Used to Mine Monero by Attackers – Bitcoin News

Attackers are abusing an attack vector present in one of the most popular execution engines (Argo Workflows) to repurpose Kubernetes systems to mine cryptocurrencies. The attack exploits a vulnerability in the system of permissions of Argo Workflows machines connected to the internet, deploying malicious workflows that install Monero-based containers. Attackers Leveraging Argo Workflows for Crypto Mining A group of attackers discovered a new attack vector… Source link

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Bitcoin (BTC USD) Cryptocurrency Price Chart Double Bottom Points to $44,000 – Bloomberg

Bitcoin’s quick rebound above the psychologically important $30,000 mark last week has emboldened bulls, who pushed prices through key resistance of $36,500 on Monday. This move has confirmed a classic double-bottom pattern, which points to a potential rally to $44,000 where the pattern’s objective and Bitcoin’s 200-day moving average are converging. Recent price action indicates that near-term resistance may lie in the $41,000 to $42,000 area. Follow @crypto Twitter for the latest news. Source link

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Bitcoin soars on hopes of wider acceptance | Business and Economy News

The surge came on the heels of positive comments from Elon Musk as well as on news of potential use by Amazon, Twitter. Cryptocurrencies popped to the top of recent ranges as short-sellers bailed out in the wake of a strong week and traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment. Bitcoin rose Monday as far as 12.5 percent to hit $39,850 – its highest since mid-June – during the Asia session, while ether hit a… Source link

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Jack Dorsey Calls Bitcoin a ‘Big Part’ of Twitter’s Future as a Global Currency – News Bitcoin News

Twitter CEO Jack Dorsey says that bitcoin will be a big part of the company’s future. “If the Internet has a native currency, a global currency, we are able to move so much faster with products such as Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person on the planet,” he said. Bitcoin Set to Be a Big Part of Twitter Twitter announced its quarterly earnings Thursday that beat analysts’ forecasts. During the… Source link

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Crypto Long & Short: Why Ethereum’s ‘London’ Upgrade Matters

In T-minus 10 days, the Ethereum blockchain will undergo its 11th backward-incompatible upgrade, also called a “hard fork.” This hard fork, dubbed “London,” contains five Ethereum Improvement Proposals (EIPs), each featuring code changes aimed at optimizing and improving the world’s second-largest cryptocurrency by market capitalization.  Of these five EIPs, EIP 1559 has been the most controversial among Ethereum stakeholders due to its radical redesign of the network’s fee… Source link

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Largest Ethereum-based Decentralized Exchange Delisting Tokens

What happened: The largest Ethereum-based (CRYPTO: ETH) decentralized cryptocurrency exchange has delisted several tokens ahead of anticipated regulatory scrutiny. Uniswap has removed Tether Gold and tokenized stocks from crypto derivatives platforms like Synthetix. The move by Booklyn-based Uniswap Labs is in response to US laws preventing the company from selling certain investments. Why it’s important: The delistings come after an international crackdown on Binance, the world’s largest… Source link

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Litecoin Whales Quickly Add $30,000,000 in LTC Amid Decline in Value: Santiment

Blockchain analytics firm Santiment says Litecoin (LTC) is experiencing a strong wave of accumulation from whales, or wallets with at least 1,000 to 100,000 LTC. In a new report, Santiment says that Litecoin whales have increased their holdings by roughly 270,000 LTC, or about $30,000,000 since the beginning of July.   The crypto insights firm also observes that the activity on the Litecoin network is surging despite the grinding bearish price action. “Despite a -13.8% drop in… Source link

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Microsoft Details LemonDuck and LemonCat Monero-Mining Malware

The Microsoft 365 Defender Threat Intelligence Team on Thursday published a detailed look at the LemonDuck and LemonCat malware used to mine the Monero cryptocurrency, among other things, after gaining access to vulnerable devices. Microsoft said devices in “the United States, Russia, China, Germany, the United Kingdom, India, Korea, Canada, France, and Vietnam” are most frequently affected by LemonDuck. The malware exploits vulnerabilities in both Windows and Linux, too, which helps it cast… Source link

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