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Bitcoin Demanded As Ransom For Stolen Data Files By Hackers

Many hackers have started cleaning files on publicly accessible storage devices and are just leaving Bitcoin ransom note in stead of the data. Users have taken to the forums on BleepingComputer to say that files on their Lenovo Iomega NAS (network-attached storage) devices are reportedly being either hidden or deleted. So, the attackers are demanding ransom in Bitcoin for the return of the victim’s files. As reported by The Next Web: “Iomega network storage devices have a publicly accessible front-end, so users can access their files over the internet. This is a great feature if you want to run your...

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Tim Draper Thinks “Institutions Should Be Comfortable To Hold Bitcoin Soon”

Tim Draper, the billionaire venture capitalist, has looked into cryptocurrency custody solutions provided by several exchanges like Gemini, Coinbase, Ledger, BitGo and so on, and after looking into the different services, Draper recommended institutions should increasingly invest in the leading cryptocurrency. Taking to Facebook, Draper said: “Institutions should be comfortable to hold bitcoin soon. I evaluated Coinbase, Ledger, Anchorage, Bitgo, Casa, and Gemini for custody solutions. There is amazing security available. My coins are so well secured, I can't get to them alone. :) Multiple people, multiple locations,etc. #bitcoin #security” Back to 2014 Let’s take a trip down memory lane...

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Sally Ho's Technical Analysis 3 August 2019

Bitcoin Bitcoin (BTC/USD) gave back some of yesterday’s gains early in today’s Asian session as the pair fell to 10,431.75 after escalating higher to the 10,670.00 level during yesterday’s North American session.  Steady buying activity has been seen over the past two days and the pair tested the 50% retracement of the 7,508.77 – 13,868.44 range before profit-taking ensued today. The next upside price objective relating to that range is the 11,439.05 area, and the next downside price objective relating to that range is the 9,938.16 level. BTC/USD’s upside was also capped by the 200-bar MA (4-hourly), currently indicating around...

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Dallas Mavericks Owner Agrees With Trump, Expresses Concerns Over Libra

Following on from Donald Trump’s tweet in July, where he said he wasn’t a fan of Bitcoin or other cryptocurrencies, the United States billionaire and owner of the Dallas Mavericks, Mark Cuban seems to agree with the presidents thought process. It seems Libra can never rest as it is under attack from every corner recently. Cuban has called the stablecoin “dangerous” and “a big mistake.” the billionaire has even suggested that it could be even worse than he ever thought. Recently going onto the Vergecast, Cuban stated: “When you get a company like Facebook, with the power and leverage and...

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S&P 500 (SPX) Outlook Points To Inevitable Further Downside In Bitcoin (BTC)

The S&P 500 is down from its all-time high after the Fed’s recent rate cut decision. The actual rate cut was in line with the forecast which is why it did not have a positive impact on the stock market but it ended up having a negative impact on the market because Fed Chariman Jerome Powell made it clear that this was just a “midcycle adjustment” and that it should not be mistaken for the beginning of a rate reduction regime. President Trump is once again disappointed in this decision but there is nothing much he can do about it....

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