Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH

Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network. The $186 million transfer came from a known Ethereum address and was later split into 50 different transactions, possibly as an attempt to disguise the activity. Whale Alert first spotted the transactions which have since been processed but little information on the funds’ destination has been reported.  Just two days before this latest…

Telegram’s Courtroom Saga With the SEC Comes to a $1.2 Billion End

On June 26, Judge Kevin Castel signed the final judgment in the SEC v. Telegram case, which will require Telegram pay back $1.2 billion to investors in their ICO for the failed Telegram Open Network.  Cointelegraph reported on the final judgment proposed yesterday. What has changed is the approval of the court, putting an end to a legal drama that began with the SEC ordering a stop to Telegram’s impending distribution of GRAM tokens.  Per the SEC’s announcement on today’s approval: “New and innovative businesses are welcome to participate in…

Even Putin Couldn’t Save This Dark Web Mastermind From Prison

A Russian hacker was sentenced to nine years in prison by a U.S. court on June 26. The hacker, Aleksei Burkov, was previously considered to be of personal interest by Russian President, Vladimir Putin. Exclusive cybercrime with premium $5k membership fee Burkov was accused of running a website called “Cardplanet” which sold payment card information: “Many of the card numbers offered for sale belonged to U.S. citizens. The stolen credit card data sold on Burkov’s site has resulted in over $20 million in fraudulent purchases made using U.S. credit card…

‘Bitcoin a Caged Bull Set for Breakout, Eying $13,000 Resistance’

Bloomberg remains optimistic about Bitcoin (BTC) as long as it stays above a key resistance level. Bitcoin Bollinger Bands. Source: Bloomberg The latest report by Bloomberg analyst, Mike McGlone, contends that Bitcoin is consolidating. He speculates that due to the decreasing volatility, Bitcoin price Bollinger Bands are at its lowest point ever. $6,500 — $13,000 critical range In his opinion, Bitcoin is priming to break out of the upper resistance level of $13,000. At the same time, he says that it is critical that price does not fall below $6,500:…

Singapore Witnessed a Surge in Ransomware Attacks During 2019

A report from the Cyber ​​Security Agency of Singapore, or CSA, shows that the number of ransomware attacks cases rose in 2019, compared to figures recorded in 2018. According to a “Cyber ​​Landscape 2019” study published by the Singaporean government, the entity received 35 reports of ransomware incidents in 2019. This represents a surge compared to the 21 cases that reported in 2018. Most of the attacks targeted the travel, tourism, manufacturing, and logistics industries. Phishing attacks also rose in 2019 Phishing cases also saw a sharp increase. The agency…

Compound’s COMP Token Paves Way for DeFi Yield Wars

Recent events surrounding the launch of Compound’s token seem to have been noticed by many other projects in the decentralized finance, or DeFi, ecosystem. In an interview with Cointelegraph, Framework Ventures’s co-founder Michael Anderson said that the token’s success may provide an example to follow for other DeFi projects who may start engaging in “yield farming wars.” The result of this will be increased interest in the DeFi space as a whole, Anderson argues. Some of those effects can already be seen in skyrocketing valuations for other tokens, like Aave’s…

LG and Mitsubishi Hit by Ransomware Attacks, Data Leak ‘Coming Soon’

Two ransomware gangs reportedly attacked the electronics giant, LG, and Japanese multinational car manufacturer, Mitsubishi. The hackers are now threatening both companies with data leaks. Screenshots posted to the gang’s blog show several files, as well as source code from the attack.  No official statement from LG yet  As of press time, the electronics giant has not addressed the incident officially. A statement from the ransomware gang alleges that the hackers managed to steal over 40GB of source code from the manufacturer. However, Brett Callow, threat analyst and ransomware expert…

Hyundai Adds Another Piece to Their Growing Blockchain Ecosystem

Hyundai is reportedly looking to launch a blockchain ecosystem through its Europe-based subsidiary, Hdac, and IT arm, Hyundai BS&C, after registering three business trademarks with the Korea Intellectual Property Office. According to Chosun, a local media outlet, Hyundai BS&C’s CEO Chung Dae-sun applied to the intellectual property authorities for the brand names Altum, Atolo, and Rizon. Each application has the description “electronic wallets that can hold cryptocurrencies.” Crypto trading services and ATMs coming soon? Hyundai has yet to reveal more details about the conglomerate’s intentions within the blockchain space.  The…