The Latest Ransomware Victim is a NASA Contractor

As SpaceX and NASA celebrated their first human-operated rocket launch on May 30, cybercriminals behind a ransomware known as DopplePaymer launched an attack against one of NASA’s IT contractors. According to a blog post by the hackers, the gang managed to breach the network of the Maryland-based Digital Management Inc, or DMI. This company provides IT and cyber-security services to several Fortune 100 companies and government agencies. DopplePaymer hackers leaked almost 20 archive files belonging to NASA through a portal operated by the gang, including HR documents and project plans. Some…

Of Street Marches and Market Manipulators, May 30–June 5

Cointelegraph’s weekly newsletter on the latest in law, policy and regulation for the crypto and fintech industry.  Editor’s note A lockdown spring is giving way to a protest summer in the U.S., and this will be an especially U.S.-focused edition of Law Decoded. Washington’s focus has shifted from the novel coronavirus over to the mass demonstrations around the country as well as near the White House. The world watches the combined police and military response that has met the protests.  Policymakers are still working to clean up the mess that…

Revolut Confirms Firing 62 Employees in the Wake of Coronavirus

Revolut fired a number of employees since the coronavirus outbreak began, according to a story from Wired. The European fintech company responded with a statement on the numbers and rationale. “As in many companies, COVID-19 necessitated cost cutting across our business and, in the last resort, we made 62 redundancies globally, representing less than 3% of our staff,” a Revolut spokesperson told Cointelegraph on June 5.  Revolut allegedly asked staff to quit   Job redundancy refers to a certain title or position that companies determine as obsolete or no longer necessary,…

Poloniex Lists Binance Coin Following Tensions Over Steem

Poloniex, a veteran exchange that was recently purchased by a consortium including Tron founder Justin Sun, has launched Binance Coin (BNB) and Binance USD (BUSD) pairings. As of June 6, BNB and BUSD wallets are now live on the exchange, with markets for the corresponding pairings slated to launch in post-only mode to ensure stability before full trading functionality rolls out. Binance tokens listed on Poloniex The listings bring support for six new pairings, with Binance Coin now tradeable against Bitcoin (BTC), Tether (USDT), and Tron (TRX) in addition to…

Grayscale is Buying Up More Than Just Bitcoin

While great attention has been paid to the recent enormous accumulation activities of the Grayscale’s Bitcoin Investment Trust, or BIT, the crypto fund manager has also been aggressively growing its Ether (ETH) stash.  Speaking on a recent episode of the Coinscrum markets podcast, Grayscale’s director of investor relations, Ray Sharif-Askary, revealed that $110 million worth of ETH has been purchased by the firm during 2020 so far. Institutional investors diversify with ETH As such, Grayscale’s purchases are equal to 0.4% of Ethereum’s total market cap in the past five months.…

Reddit’s Biggest Blockchain Advocate Just Resigned To Fight Racism

Alexis Ohanian, a millionaire tech entreprenuer and co-founder of online social platform Reddit, recently publicized plans for his personal fight against racism. These include his desire to see a member of the black community replace him at his current board position. “I’ve resigned as a member of the reddit board, I have urged them to fill my seat with a black candidate,” Ohanian said in a June 5 tweet. The United States shows unrest  Over the past week and a half, cities across the U.S. have seen protests, with some cities…

Recursive SNARKs Could Help Bitcoin Scale

In a Cointelegraph interview, Charles Hoskinson said that in his opinion, recursive snarks could be a solution for the Bitcoin’s (BTC) scalability problems. Intellectual dishonesty Hoskinson believes that there was a lot of intellectual dishonesty in the block size debate, which eventually led to the creation of Bitcoin Cash (BCH). Discussing the main argument of the Bitcoin core supporters that the increase in block size would have led to the greater centralization of the network, Hoskinson said: “Just an insane argument. And this is the intellectual dishonesty of that argument.…

Golem Publishes Proof of Device Concept For Identity Authentication

Decentralized CPU-sharing network, Golem, published its research into a Proof of Device, PoD, mechanism for user authentication, June 5. While still a proof of concept, the research outlines a method by which users can automatically validate their hardware, proving identity in an anonymous yet trusted manner. Necessity is the mother of invention The research stems from Golem’s need to secure its own permissionless, anonymous network against Sybil attacks. It considered whether something could be implemented using Intel’s Software Guard Extensions, or SGX, which are instructions built into modern CPUs. When…

Why $8.1K Will Be a Key Level for Bitcoin Price for the Next 6 Months

Bitcoin (BTC) is trading at $9,687 representing a 0.87% loss in value in the last 24 hours and 1 % for today’s session Looking at performance relative to its peers, Ether (ETH) and XRP are both underperforming versus Bitcoin at the moment. Ether, the second-biggest cryptocurrency by market capitalization, being down 1.29% and XRP 1.22% in the last 24 hours. But both have outperformed Bitcoin this week with ETH up a notable 9% over the last seven days. Bitcoin dominance remains at 65% and continues to lose ground following a…