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Bitcoin SIM Swap Hacker Sentenced To 10 Years

During 2018 we saw a number of SIM swap hack stories sweep through the headlines, it seems that last year really was the year for innovative cyber crime. SIM Swapping ia a hack that essentially allows the hacker to access a victims phone by mirroring their phone number and getting the victims mobile service provider to provide a ‘SIM swap’, this means the phone becomes registered to a new SIM, one that is accessed by the hacker, meaning the hacker is able to receive verification codes that allow them to log on to the victims cryptocurrency wallets etc. Once access...

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Bitcoin (BTC) Bears Assume Control As Major Bull Flag Turns Into A Bear Flag

Bitcoin (BTC) bulls failed to assume control even though market conditions were in their favor. This led to the bears getting confident enough to turn the tables on them. The major bull flag seen on the daily chart for BTC/USD seems to have turned into a small bear flag just around the bottom of the symmetrical triangle. This bear flag has now introduced a new setup that has once again increased the probability of a break to the downside. Even though the possibility of a bullish breakout is still a lot higher than that of a bearish breakout but now...

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Fidelity Enters Final Testing Stages For Crypto Platform

The multinational financial services company, Fidelity Investments is currently undergoing the final testing process of its crypto trading and custody platform. This information was released by the American platform in a blog post published last week. As well as Bakkt, the firm looks to offer services to cryptocurrency traditional investors and organisations. The company is based in Boston, Massachusetts and is one of the biggest asset managers with over $2.45 trillion in assets under management as of March last year. The first announcement made by the firm in relation to the platform was in October 2018 and since then, they...

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Could The Crypto Winter Last Up To 24 Months?

The CEO of the Paris based tech company Ledger has said that the crypto bear market could last up to 24 more months. Eric Larchevêque is a computer science graduate from EISEE Paris, highlighted that the low price in cryptocurrencies have had an impact on the industry as “the presence of mass media is much smaller.” In addition to this, when digital asset project valuations are down, there’s usually “less traffic and fewer sales.” The comments from Larchevêque came during an interview with CCN last week during which he stated that the management at his firm is expecting a kind...

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BTC, XRP & ETH Now Seen As Legal Money In Wyoming

In the US state of Wyoming, lawmakers reached a big milestone last week with the passage of all the ‘Digital Assets’ bill. The bill was brought in to support cryptocurrencies and the recognition they need as personal property, the new bill defines crypto assets as digital consumer assets, digital securities and cryptocurrencies. The new bill passed the Wyoming Senate by a vote of 28-1, with just the one excused senator. From here, the bill will be moved to the house. If the bill becomes law then cryptocurrencies like Ethereum, XRP, EOS and Bitcoin will be subject to some of the...

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