Cybersecurity Firm Detects Cryptojacking Malware on Make-A-Wish Foundation Website

Hackers have infected the website of global non-profit organization the Make-A-Wish Foundation with cryptojacking malware, according to a report by cybersecurity firm Trustwave posted Nov. 19. According to Trustwave researchers, crypto jackers managed to incorporate a JavaScript (JS) miner CoinImp into the domain worldwish.org in order to illicitly mine privacy-focused cryptocurrency Monero (XMR). Similarly to the notorious Monero mining software CoinHive, CoinIMP has reportedly been using the computing power of website visitors to mine cryptocurrency. Per the report, the CoinImp script infected the website through the drupalupdates.tk domain, which is…

Microsoft Knocks out IBM for Enterprise Blockchain Crown: Report

Twitter Facebook LinkedIn Microsoft’s Blockchain-as-a-Service (Baas) platform has taken the top spot in a ranking compiled by market foresight advisory firm ABI Research. Per the report , Microsoft managed to beat competitors in the ranking owing to the advantage it has on the actual implementation front where a wide range of platform services are offered. It also helped that Microsoft’s BaaS platform is deeply integrated with its Azure cloud service, which commands the second-largest market share in the public cloud services market globally. Big Blue IBM came second after Microsoft,…

VanEck Subsidiary Launches Bitcoin Index Based on US Spot Indices

Investment management firm VanEck subsidiary MV Index Solutions has launched its own Bitcoin (BTC) index based on three major over-the-counter (OTC) desks, according to a press release published Nov. 20. MV Index Solutions is a firm that develops, monitors and licenses the MVIS Indices, which cover several asset classes, including equity, fixed income markets and digital assets. The new MVIS Bitcoin U.S. OTC Spot Index (MVBTCO) is based on U.S. price feeds from major OTC liquidity providers, including Circle Trade, Cumberland and Genesis Trading. Gabor Gurbacs, Director of Digital Asset…

Bitcoin Price Claws Back to $4,500 But Further Losses May Lie Ahead

Twitter Facebook LinkedIn The bitcoin price on Tuesday nursed extensive losses of over 12 percent against the US dollar, stabbing through $5,000 as it did. BTC/USD Intraday Analysis The BTC/USD index is currently trading at the 4513-fiat price level after a minor jump from its intraday low at 4035-fiat. The knee-jerk reaction after a massive sell-off does not confirm a substantial bias shift. It looks more like a bear pennant formation that is likely to extend the bearish action as it overreaches its downside targets. BTC/USD 1H CHART | SOURCE: COINBASE,…

Tom Lee Maintains $15,000 Year-End BTC Prediction Despite Market Crash

Despite the present market crash, major Wall Street crypto bull Tom Lee has reiterated his recently reduced year-end price prediction for Bitcoin (BTC) at $15,000 in an interview with CNBC’s Squawk Box on Tuesday, Nov. 20. In the recent statement, the head of research at Fundstrat Global Advisors pointed out two major types of crypto players — those who are “using it and have wallets in crypto,” and those who belong to a speculative side of the market. According to Lee, those two sides of the crypto community should find…

Report: Bitcoin Use in Payments Collapsed This Year

Bitcoin (BTC) use for commercial payments has reduced significantly this year, according to a study by Chainalysis cited by Reuters Nov. 20. To prepare the study, Chainalysis reportedly surveyed 17 Bitcoin payment processors. The amount of BTC handled by major payment processors reportedly dropped by almost 80 percent from the beginning of the year to September. The analysis of individual payment processors’ figures reportedly shows a downward trend. At Canadian firm Coinpayments, the value of transactions has fallen by more than half between January and October 2018, Reuters reports, citing…

FAANG Stocks are Down $1 Trillion from Yearly Highs

Twitter Facebook LinkedIn As the crypto market reels from a weeklong downturn that has forced the bitcoin price to its lowest point in almost 14 months, it appears that traditional markets do not intend to welcome investors back with open arms. Markets Erase Year-to-Date Gains Following yet another decline on Tuesday, the Dow Jones Industrial Average, S&P 500, and Nasdaq have now erased their 2018 gains heading into Black Friday weekend. The sell-off has been even more pronounced among FAANG stocks, with tech stalwarts Facebook, Amazon, Apple, Netflix, and Google…

Why Making In-App Game Purchases Using Crypto is About to Get Easier

A blockchain-based platform that enables gamers to make in-app purchases using cryptocurrency has forged a partnership with Unity, a major game engine – giving developers the chance to unlock new revenue streams with lower fees. AppCoins offers an ERC20-compliant token which is compatible with some of the most popular wallets on the market, and is listed on the top three crypto exchanges. In a major milestone, developers who use Unity will be able to accept AppCoins as a method of payment – and the company says this could open up access…

Capitulation? This Bitcoin Sell-Off Still Isn’t as Extreme as 2015’s

A total of $60 billion has been erased from the value of all cryptocurrencies over the last week, a decline that has many wondering if the ongoing bear market for the asset class has finally come to an end. Defined as a period of depressed activity and sentiment, the bear market has seen the price of bitcoin, the world’s largest cryptocurrency, decline more than 75 percent from all-time highs set in January. Further, as bitcoin makes up more than 50 percent of the entire market in terms of total capitalization, it’s safe to…