Reuters

BREAKING: US Treasury Breached by Government-backed Hackers

Source Node: https://beincrypto.com/breaking-us-treasury-breached-by-government-backed-hackers/
Time Stamp: December 13, 2020 2:53 PM - Modified On: May 21, 2021 - Published By:
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Reuters reports that the US Treasury and another department fell victim to a hacker attack. Details are sketchy Reuters reports on Dec. 13 that the US Treasury Department and another US government agency responsible for internet and communications policy were hacked. The report indicates that these hackers were backed by a foreign government. BeInCrypto.com will update with further details as they appear. Share Article James Hydzik is a finance and technology writer and editor based in Kyiv, Ukraine. He is especially interested in the development of regulation in the face

Turkey Residents Panicking Over Massive Inflation

Source Node: https://cointelegraph.com/news/turkey-residents-panicking-over-massive-inflation
Time Stamp: August 19, 2020 1:13 AM - Modified On: May 21, 2021 - Published By:
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Rampant inflation is affecting Turkish residents’ confidence in the nation’s lira fiat currency. According to a Reuters report on Aug. 14, locals are dumping lira, converting it to dollars and buying gold. Even with market interventions and reassuring stories about monetary stability coming from the government, the locals’ faith in the lira is on a downward trajectory. Inflation is currently at 11.8% and has overtaken the amount of interest offered for savings at banks. One resident was quoted as saying he had bought gold as a safe-haven asset:“I think it is the best investment

Weekly Bitcoin and Cryptocurrency Market Analysis

Source Node: https://bitcoinist.com/weekly-bitcoin-and-crypto-market-analysis/?utm_source=rss&utm_medium=rss&utm_campaign=weekly-bitcoin-and-crypto-market-analysis
Time Stamp: August 18, 2020 4:28 AM - Modified On: May 21, 2021 - Published By:
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Simon Peters, market analyst: Bitcoin Teases Us At $12,000  Suffice it to say, it was a busy week, with mixed performance in equity markets and odd – but not unpromising – movements for bitcoin. The FTSE All-Share index and the STOXX600 both recorded steady rises, while the S&P500, which started the week at 3,352, took a turn for the worse on Wednesday. After its drop to 3,335, it has since recovered to 3,372. Bitcoin broke through $12,000 on Monday, only to suffer a significant fall to $11,275 by Wednesday morning.

Former Prudential Securities Chief Executive Ball Bats for Bitcoin

Source Node: https://cointelegraph.com/news/former-prudential-securities-chief-executive-ball-bats-for-bitcoin
Time Stamp: August 15, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Former Prudential Securities chief executive and current chairman of Sanders Morris Harris George Ball sees Bitcoin as a safe haven for those looking for different investments. In an interview with Reuters on August 14, Ball admitted he was previously a “Bitcoin opponent” but, with the government participating in the financial markets, he’s seen the value of Bitcoin and other cryptocurrencies. “I’ve never said it before, but I’ve always been a blockchain and Bitcoin opponent but if you look now, the government can’t stimulate the markets forever. The liquidity flood will end and

TikTok Ban: The Beginning of a New Age in Social Networks?

Source Node: https://beincrypto.com/tiktok-ban-the-beginning-of-a-new-age-in-social-networks/
Time Stamp: August 8, 2020 8:28 AM - Modified On: May 21, 2021 - Published By:
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President Donald Trump has signed an executive order that forbids American companies to transact with Tencent and Bytedance. The ban comes after a long debate involving alleged data mining from apps like WeChat and TikTok. Following the ban, Tencent shares fell 5%. American companies will effectively have 45 days to stop transacting with these companies. The ban is sparking worldwide debate regarding the boundaries of national security. Is this an opportunity for decentralized social media platforms to step up? Tencent and the Yuan Plummet The announcement was immediately felt on

Ransomware Attacks Demanding Crypto Are Unfortunately Here to Stay

Source Node: https://cointelegraph.com/news/ransomware-attacks-demanding-crypto-are-unfortunately-here-to-stay
Time Stamp: August 8, 2020 3:00 AM - Modified On: May 21, 2021 - Published By:
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Year after year, the ransomware landscape changes dramatically. In 2019, a new resurgence of attacks occurred as businesses and government institutions became the main targets of ransomware, given their capacity to yield larger payouts. The most recent attack was against Garmin, a navigation systems company, on July 23. Due to the attack, many of its online services such as customer support, website functions and company communications were affected. Reportedly, the Russian cybergang Evil Corp launched the attack, demanding $10 million in cryptocurrency to restore access to Garmin’s services. Overall, according to a

Malaysia’s Securities Commission Gives Tokenize Xchange The Green Light

Source Node: https://insidebitcoins.com/news/malaysias-securities-commission-gives-tokenize-xchange-the-green-light/256551
Time Stamp: April 4, 2020 8:55 AM - Modified On: May 21, 2021 - Published By:
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The 3rd of April, 2020, marked the end of a nine-month probationary period that the Malaysia based crypto trading firm, Tokenize Malaysia, had gone through. Within this time, the company managed to gain full approval from Malaysia’s securities watchdog, the Securities Commission, or SC.Gaining Approval To Start TradingWith the approval given for the company to operate a Digital Assets Exchange, its namesake crypto trading platform, the Tokenize Xchange, has now gained the full legal support and regulation it needs. This was reported on SoyaCincau, a local news outlet, on the

How the Pressures of the Coronavirus May Open the Door for Tokenization

Source Node: https://cointelegraph.com/news/how-the-pressures-of-the-coronavirus-may-open-the-door-for-tokenization
Time Stamp: April 2, 2020 2:16 PM - Modified On: August 29, 2021 - Published By:
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The coronavirus pandemic is the only thing on most people’s minds right now around the world.The pending economic fallout is only surpassed by the anxiety induced by surging cases in both the United States and Europe. People remain firmly in quarantine around the world, and consumer demand has fallen off a cliff as people are holed up with only basic necessities.Paired with the awful Purchasing Managers’ Index numbers published by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, as well asearly U.S. indicators, we’re about

Bitcoin and Visa Transactions Plunge But Pizza Deliveries Are Up

Source Node: https://cointelegraph.com/news/bitcoin-and-visa-transactions-plunge-but-pizza-deliveries-are-up
Time Stamp: April 1, 2020 3:22 AM - Modified On: August 29, 2021 - Published By:
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Online purchases using Bitcoin (BTC), Visa, and some retail apps are down for the first quarter of 2020, spanning cryptocurrency and fiat currency transactions.With many around the world self-quarantining or otherwise recommended to stay inside to prevent the spread of COVID-19, one might assume there would be an increase in online purchases and deliveries. Yet with unemployment on the rise and an uncertain economic future, it seems consumers want to save their money rather than spend it.Bitcoin transactions rivaling those during crypto winterThe crypto market is not exempt from this