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Have You Heard? $60K Stolen In Latest Bitcoin Hack

Have You Heard? $60K Stolen In Latest Bitcoin Hack
Bitcoin hacks are seemingly more and more sophisticated by the day. I see it like this, for every ‘level up’ the technology industry reaches, the criminal underworld seem to get a multiplier and level up twice as fast. Hackers are always two steps ahead of the game. There’s a chance that the hackers all work for the people supposedly bolstering the security of technology, but that’s an argument for another day, though it does almost justify this strange and infuriating correlation. News of the latest hack type, that is alleged to have drained $60,000.00 comes from Securityintelligence.com, a website managed by IBM. It follows research by Fortiguard Labs, who have discovered a ‘clipboard hijacker’ named BitcoinStealer.exe that is able to locate Bitcoin wallet keys that have been copied by a user, then edit them in the background (ever so slightly) so the user in turn, copies a new address into their transaction, meaning the Bitcoin isn’t sent to the person or wallet they intended and instead, it hits the pockets of the scammers. According to IBM:
“Bitcoin Stealer instead uses an executable to monitor an infected computer’s clipboard content for signs of a bitcoin address. Assuming it finds one, Bitcoin Stealer replaces the copied bitcoin address with one that has similar strings at the beginning and end of its wallet address. Using this technique, Bitcoin Stealer injects itself into bitcoin transactions and tricks users into sending cryptocurrency to a wallet controlled by the cyberattacker behind the malware. Bitcoin Stealer is the latest threat capable of monitoring and changing clipboard content — but it’s not the first. The malware comes on the heels of Evrial, which hit in January 2018, according to Bleeping Computer. It also follows CryptoShuffler, which redirected $150,000 in the fall of 2017.”
Read the full article for yourself, here. This current example, Bitcoin Stealer, has been found to have stolen around $60,000.00 according to the FortiGuard Labs experts after running on numerous machines since April 2018. This should serve as a reminder of just how risky cryptocurrency investment is. Even if you trade well, do your research and take every precaution you can, hackers will still find a way to access your funds without you ever knowing. Apply the same rules you would follow during standard web browsing to everything you do within crypto too. Never copy and paste passwords, don’t download from sources you don’t trust and always run with a reliable and up to date antivirus software. You can protect yourselves from these scams, but you do need to be super careful in order to do so.

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BTC/USD Trapped By Moving Averages: Sally Ho's Technical Analysis 29 November 2020 BTC

BTC/USD Trapped By Moving Averages:  Sally Ho's Technical Analysis 29 November 2020 BTC

Bitcoin (BTC/USD) traded sideways early in today’s North American session as the pair appreciated to the 18248.21 area trading as low as the 17535.26 area in the Asian session, with the intraday low representing a test of the 38.2% retracement of the recent depreciating range from 19500 to 16200.  Traders observe that BTC/USD’s upside was capped by the 200-hour simple moving average during the European session, and supported around the 23.6% retracement of the depreciating range from 18980 to 17610.77 early in the North American session.  Also, the 50-bar 4-hourly simple moving average provided technical resistance during the North American session, and the intraday high also represented a test of an upside price objective around the 18256.14 area.  The pair stopped short of testing the 15808.49 area during the recent move lower, representing the 23.6% retracement of the wide appreciating range and absolute 2020 range from 3858 to 19500.  Significant Stops were elected during the decline including below the 18605.14, 18275.16, 18016.74, 17604.12, 17517.42, 17156.69, 17099.13, 16905.00, 16603.10, 16357.50, and 16292.58 levels.  If the pair is able to resume its upward trajectory and establish a new all-time high, traders are carefully monitoring the 20311.36 and 21909.24 areas as upside price objectives.  Similarly, the 20534.46 area is an upside price objective related to buying demand that originated earlier this year around the 6854.67 area. 

Traders will pay close attention to some potential areas of technical support during pullbacks lower and these include the 16092.69 and 15935.90 areas.  Notably, the 15935.90 and 16304.69 areas represent the 76.4% and 78.6% retracements of a historical depreciation from 19891.99 to 3128.89.  Further below current market activity, traders are paying close attention to additional potential areas of technical support during pullbacks and these include the 14273.50, 14259.01, 14101.50, 13989.55, 13892.29, 13705.50, 13663.43, and 13594.42 levels. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 18204.22 and the 200-bar MA (Hourly) at 18235.20.

Technical Support is expected around 16200/ 15996.17/ 15479.66 with Stops expected below.

Technical Resistance is expected around 19500/ 20311.36/ 21909.24 with Stops expected above.  

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

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Logic invests in BTC and seems to have made a hefty profit already

Logic invests in BTC and seems to have made a hefty profit already

Quick take

1 minute read

  • Could he have registered a $2 million profit already?

Sir Robert Bryson Hall II, or as you probably know him - Logic, recently posted a video to his Instagram story saying that he bought $6 million worth of bitcoin last month.

He said YOLO during his video but it seems that his investment could turn out to be an interesting financial move.

If by “last month“, the rapper means the 31st of October or before, Then that means his $6 million investment would have been bought at a price of around $13,800. This equates to just over 430 bitcoins and if that is correct, he would register a profit of around $2 million going off today’s prices.

This comes after the Game of Thrones actress Maisie Williams questioned her followers on Twitter earlier this month asking whether she should go “long on bitcoin“. Of course, she followed up with another tweet later in the day saying that she had sunk some of her money into the asset.

For Logic, he has more than likely registered a high profit from his investment back in October, if that is indeed when he actually made the move to trade in the asset.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Selling your car for bitcoin: Jason Williams of Morgan Creek digital pawns off his old Chevrolet for the leading coin

Selling your car for bitcoin: Jason Williams of Morgan Creek digital pawns off his old Chevrolet for the leading coin

Quick take

1 minute read

  • How far would you go to obtain bitcoin?
  • Jason Williams of MCD cells his Chevrolet to invest in bitcoin.

Momentum for bitcoin and the overall crypto space is definitely on the rise this month. Following the United States presidential election, much more retail and institutional investors have been drawn to the industry.

This is evident from the co-founder of Morgan Creek digital, and Jason Williams he has recently sold his car to invest in the leading coin.

Posting to Twitter earlier this month, Williams said that he sold his 2007 Chevrolet Suburban for 0.4 bitcoins. At the time of writing, this is about $7300.

Bitcoin has been on the rise massively throughout November and it only seems that it is going to keep ongoing. That being said, it is always worth doing your own research into cryptocurrency as we are not financial advisors and this is not financial advice.

Many are predicting that bitcoin is well on the way for a massive breakout and if this comes to fruition, Williams could be seeing massive profits from selling his old Chevrolet.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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BTC/USD Facing Challenge at 17850: Sally Ho's Technical Analysis 28 November 2020 BTC

BTC/USD Facing Challenge at 17850: Sally Ho's Technical Analysis 28 November 2020 BTC

Bitcoin (BTC/USD) glided higher early in today’s North American session as the pair appreciated to the 17444.88 area trading as low as the 16880 area in the European session, with the intraday high representing a test of the 100-bar 4-hourly simple moving average.  Traders are carefully monitoring how BTC/USD will trade around important historical upside price objectives that were absorbed during the pair’s recent climb near its all-time high, including the 17657.16, 17891.76, 18256.14, and 18946.91 areas.  The pair stopped short of testing the 15808.49 area during the recent move lower, representing the 23.6% retracement of the wide appreciating range and absolute 2020 range from 3858 to 19500.  Significant Stops were elected during the decline including below the 18605.14, 18275.16, 18016.74, 17604.12, 17517.42, 17156.69, 17099.13, 16905.00, 16603.10, 16357.50, and 16292.58 levels.  If the pair is able to resume its upward trajectory and establish a new all-time high, traders are carefully monitoring the 20311.36 and 21909.24 areas as upside price objectives.  Similarly, the 20534.46 area is an upside price objective related to buying demand that originated earlier this year around the 6854.67 area. 

Traders will pay close attention to some potential areas of technical support during pullbacks lower and these include the 16092.69 and 15935.90 areas.  Notably, the 15935.90 and 16304.69 areas represent the 76.4% and 78.6% retracements of a historical depreciation from 19891.99 to 3128.89.  Further below current market activity, traders are paying close attention to additional potential areas of technical support during pullbacks and these include the 14273.50, 14259.01, 14101.50, 13989.55, 13892.29, 13705.50, 13663.43, and 13594.42 levels. Chartists are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is nearest the 100-bar MA (4-hourly) at 17450.09 and the 50-bar MA (Hourly) at 17224.83.

Technical Support is expected around 16200/ 15996.17/ 15479.66 with Stops expected below.

Technical Resistance is expected around 19500/ 20311.36/ 21909.24 with Stops expected above.  

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

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