Chinese Communist Party Adds Crypto to Curriculum

A higher education institution that trains Chinese Communist Party officials has published a new book about cryptocurrency.  According to a local blockchain news report on May 19, the Party School of the Central Committee of the Communist Party of China — also known as the Central Party School — published the book as part of a book series on disruptive technologies. Previous entries in the series include “A Dialogue With Party Leaders About AI” and“ A Dialogue With Party Leaders About Blockchain”.  The aim of the book series is to…

Bitcoin Options Market Data Shows Mere 9% Chance BTC Reaches $20K in 2020

The Bitcoin (BTC) options market, which is mostly dominated by Deribit and CME, gives a 9% chance for BTC to rise to it’s all-time high at $20,000 by the end of 2020. Given the tendency of Bitcoin to see a prolonged rally six to eight months after a halving is activated, traders in the options market are relatively cautious about the medium-term trend of BTC. Data shows the BTC options market is tilted towards bulls In the near-term, many traders on both Deribit and CME are seemingly optimistic on the…

CME Traders Prefer Cash-Settled Bitcoin Products

Chicago Mercantile Exchange’s, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC).  “So far, clients have expressed a clear preference and priority for a cash-settled product,” McCourt told Cointelegraph in an email when asked why the CME chose to go the cash-settled route for its Bitcoin futures trading product back in 2017.  The CME launched its BTC futures after its price metrics The CME opened Bitcoin futures trading in 2017, based on the…

New Ransomware Uses a Banking Trojan To Attack Governments and Companies

A new type of ransomware attack emerged in recent months, raising red flags among the cybersecurity community and authorities such as the FBI in the United States. Cybersecurity firm Group-IB has warned that it comes in the form of a Trojan, according to a report published on May 17. According to Group-IB’s study, the ransomware is known as ProLock and relies on the Qakbot banking trojan to launch the attack and asks the targets for six-figure USD ransoms paid out in BTC to decrypt the files. The roster of victims…

Beware of Imposters Posing As Cointelegraph Journalists

Crypto community, be vigilant: Cointelegraph has recently noticed an increase in scammers purporting to be our journalists on Telegram, LinkedIn and other social media. While this is by no means a new phenomenon, this fraudulent activity has seemingly ramped up in recent weeks. Thankfully, their current methods mean that they are not particularly hard to identify. It’s easier than you think to spot an impostor There is a very simple rule of thumb to follow here: Cointelegraph does not charge for news articles. Ever. If anybody contacts you promising positive…

‘Americans Are Getting Screwed’ With Lab Testing, Says Pomp Interviewee

In a recent interview with Anthony “Pomp” Pompliano, Julia Cheek, CEO of home medical testing company Everlywell, called for major reform in the U.S. lab testing sector.  “I’ve been fighting this battle for five years, talking about how lab testing is broken and Americans are getting screwed,” Cheek said in a May 19 podcast interview with Pompliano, adding: “Lab testing is cheap, it can be affordable, you should know how much your tests are going to cost, period. […] There is no excuse for that, especially as you’re having to…

Bitcoin Activity on the Dark Web Grew by 65% in Q1 2020, Says Study

A study from Crystal Blockchain Analytics on May 19 shows that the total USD value of Bitcoins transferred on the dark web rose by 65% ​​in Q1 2020, despite a decline in transactions during the same period in 2019. According to the report, the total value of Bitcoin (BTC) transacted represented a 340% growth over three years. The analytics team claims that such figures could find explanation in mass adoption of the cryptocurrency, attributing it to its “ease of use and popularity” among darknet users and entities. The Bitcoin technology…

Crypto Traders Explain Where Bitcoin Price Can Go After Fifth $10K Test in 11 Days

The price of Bitcoin (BTC) tested $10,000 a total of five times in the past 11 days. The price action can be considered as a bullish or a bearish trend based on varying perspectives. The quintuple test of a key psychological level at $10,000 can be analyzed in two ways: The $10,000 resistance level is getting weakened with every test, or the resistance is so strong that buyers are not able to break out of it. Many top crypto traders believe that the mid-$9,000 area is a starting point to…

You Can Now Buy Tezos From 10,000 Convenience Stores in France

French crypto startup Digycode has introduced support for Tezos (XTZ) purchases through its prepaid vouchers and gift cards. The integration is the product of a partnership between Digycode and the research and development team from Nomadic Labs — which contribute to maintaining Tezos’s core code. Digycode’s co-founder Christopher Villegas described Tezos as “one of the most promising” crypto projects, adding that the listing followed several months of consideration. XTZ for sale at 10,000 shops in France Starting Tuesday, French customers can now purchase Tezos from 10,000 tobacco shops, gas stations and mini-markets…

Egg Producer’s Data Poached by Ransomware, Will They Shell Out Bitcoin?

Ransomware group Maze claims to have hacked United States egg producer Sparboe in a post on its website. The website of cybercriminal organization Maze recently published a new entry claiming that the group hacked Sparboe. The post includes sample data that the group claims was stolen from the company. Maze: A major cybercrime organization Threat analyst at cybersecurity firm Emsisoft Brett Callow told Cointelegraph that in every hack by Maze so far, the group asked for a ransom in Bitcoin (BTC). There also appears to be no particularly easy and…