Category Archives: ethereum

Crypto Update: The First Test of the Uptrend

The major coins continue to trade in a bullish general setup, despite the dip today in early trading, as the preceding rally on Saturday carried Bitcoin and the other leaders of the rally to important technical levels. The current correction is a crucial one, as we already mentioned, as an orderly pull-back with higher swing […]

The post Crypto Update: The First Test of the Uptrend appeared first on Hacked: Hacking Finance.

Technical Analysis: Cryptocurrencies Show Strength amid Slight Correction

The crypto segment is trading in a short-term correction, or rather consolidation pattern today, as bullish signs continue to dominate the landscape, despite the pause in the surge. The largest coins are mostly down by a few percent from the overnight highs, but the momentum of the move is not substantial, for now, and several […]

The post Technical Analysis: Cryptocurrencies Show Strength amid Slight Correction appeared first on Hacked: Hacking Finance.

Trade Recommendation: NEO/Ethereum

The NEO/Ethereum (NEO/ETH) pair jump started its uptrend on January 14, 2018 when the market breached resistance of 0.12. The breakout was so strong that it went as high as 0.153086 on January 15. From the opening at 0.100977 on January 14, the market grew by over 50% in one day. That was enough to […]

The post Trade Recommendation: NEO/Ethereum appeared first on Hacked: Hacking Finance.

Crypto Update: Coins Enter Shallow Correction

The segment experienced a rush of optimism yesterday, as Bitcoin’s price pushed over $10,000, Litecoin, the undoubted leader of the rally hit an intraday high at $235, and the other relatively strong coins like Monero, Dash, and IOTA also shined. Ethereum Classic, the early leader continued its short-term correction, while the slightly lagging currencies, most […]

The post Crypto Update: Coins Enter Shallow Correction appeared first on Hacked: Hacking Finance.

Technical Analysis: Bitcoin Tops $10,000

The cryptocurrency market continued to heal considerably, as the major coins keep on successfully tackling resistance levels following a very deep sell-off that shaved off more than 60% of the market value of the segment. The sector is now back near the $500 billion mark in market capitalization, but investors shouldn’t get complacent here, as corrections […]

The post Technical Analysis: Bitcoin Tops $10,000 appeared first on Hacked: Hacking Finance.

Crypto Update: Rally Pauses as Bitcoin Eyes $10,000

After the major cryptocurrencies followed Litecoin’s lead as expected yesterday, most of the segment pushed higher overnight again, running into another batch of key resistance levels. All eyes are on Bitcoin again, as the coin quickly got within Dollars of the psychologically important $10,000 price level after its break-out above the $9000-$9200 zone, as we […]

The post Crypto Update: Rally Pauses as Bitcoin Eyes $10,000 appeared first on Hacked: Hacking Finance.

Technical Analysis: Coins Jump as Litecoin Leads the Way Again

The short-term triangle pattern that developed in Bitcoin and in most of the segment, resolved today as expected, and it did so in a bullish manner, with the majority of the majors gaining close to double digits during the session. The consolidation phase, which saw a meaningful decline in volatility and the further breakdown of […]

The post Technical Analysis: Coins Jump as Litecoin Leads the Way Again appeared first on Hacked: Hacking Finance.

Crypto Update: Litecoin on the Move

As the choppy consolidation period in most of the majors continued in Asian trading today, with the overhead resistance still towering above Bitcoin and Ethereum. In another bullish turn of events, Litecoin, which has been gathering relative strength in recent days, as we pointed out yesterday, popped higher, taking out the crucial $170-$180 resistance zone. […]

The post Crypto Update: Litecoin on the Move appeared first on Hacked: Hacking Finance.

Technical Analysis: Quiet and Choppy day in Crypto-Land

The tug of war that we described in yesterday’s analysis continued in earnest in the cryptocurrency market, as most of the major coins remained in low-volatility holding patterns, leaving the technical setup largely unchanged. The dominant short-term triangle pattern in BTC is noticeable in most of the major altcoins too, and that points to a […]

The post Technical Analysis: Quiet and Choppy day in Crypto-Land appeared first on Hacked: Hacking Finance.

Technical Analysis: Tug of War between Bears and Bulls

Despite the weekend sell-off, the cryptocurrency market is having another quiet and mostly positive session, although the large-scale setup in the segment is still a declining trend. That said, the rally of the now one-week-old lows has been encouraging, and we still expect a new bullish cycle to begin, with the final lows likely being […]

The post Technical Analysis: Tug of War between Bears and Bulls appeared first on Hacked: Hacking Finance.

Crypto Update: Coins Regain Strength after Brief Correction

The major cryptocurrencies experienced a low-volume dip in the second half of the weekend that concluded a generally bullish week. The pullback didn’t cause major technical damage, with the important support levels holding up, and now the coins are likely headed for a test of last week’s highs. The stock market sell-off that has been […]

The post Crypto Update: Coins Regain Strength after Brief Correction appeared first on Hacked: Hacking Finance.

Trade Recommendation: Gnosis/Ethereum

The Gnosis/Ethereum (GNO/ETH) pair lost all bullishness when it created a lower high at 1.35 on June 30, 2017. The downtrend was confirmed when it closed below support of 1.00 on July 29. From that point, the market tumbled as it created a series of lower highs and lower lows. It eventually bottomed out at […]

The post Trade Recommendation: Gnosis/Ethereum appeared first on Hacked: Hacking Finance.

Crypto Update: Ripple Leads Weekend Rally despite Pull-Back

The Asian session saw another bullish push in the cryptocurrency segment, as the uncertainty that the US stock volatility meant for all financial markets waned after the closing of traditional exchanges. The late-day rally in stocks also helped to calm tensions, and the major coins took advantage of the favorable environment and continued the rally […]

The post Crypto Update: Ripple Leads Weekend Rally despite Pull-Back appeared first on Hacked: Hacking Finance.

Technical Analysis: Bullish Signs Remain Dominant as Coins Continue Rally

A quiet and positive day; it has been a while that cryptocurrency investors experienced such a comfortable environment, especially amid the most volatile period in global financial markets in the past two years. Of course, the preceding steep decline was challenging for crypto-bulls, but as early positive signs already emerged last week, and price action […]

The post Technical Analysis: Bullish Signs Remain Dominant as Coins Continue Rally appeared first on Hacked: Hacking Finance.

Technical Analysis: Coins Hold Gains amid Stock Turmoil

As volatility and uncertainty continue to reign supreme in financial markets, the cryptocurrency segment is an island of relative calm, which is a huge change compared to the previous weeks and months, when cryptocurrencies were the most volatile asset class by a mile. Bitcoin and the rest of the majors have been trading in relatively […]

The post Technical Analysis: Coins Hold Gains amid Stock Turmoil appeared first on Hacked: Hacking Finance.

Hospital warns 24,000 patients that its EMR system was hacked to mine cryptocurrency

Hackers are increasingly setting their sights on electronic medical records (EMR) to extort money from hospitals and their affiliated system vendors. Most recently, one hospital has seen its EMR service hijacked to mine cryptocurrency.

On January 26, Parsons, Tennessee-based Decatur County General Hospital started notifying customers that its EMR vendor was compromised by a hacker who injected cryptocurrency mining malware into its systems.

“On November 27, 2017, we received a security incident report from our EMR system vendor indicating that unauthorized software had been installed on the server the vendor supports on our behalf,” reads the DCGH notice. “The unauthorized software was installed to generate digital currency, more commonly known as ‘cryptocurrency.’”

An investigation revealed the attacker infected the servers remotely some time in September. However, the hospital was only notified of the breach two months later, which is highly unorthodox considering that the attackers could have (and potentially might have) compromised the sensitive information of tens of thousands of patients.

It is unclear how much cryptocurrency was generated for the attacker(s) as part of the hack, but DCGH says “the EMR vendor replaced the server and operating about four days later [following the breach].”

The hospital says information on the affected server included patient names, addresses, dates of birth, Social Security numbers, diagnosis and treatment data, and insurance billing information.

On the good side, while the investigation into the breach continues, DCGH claims (so far) it has no evidence that patient information was acquired or viewed by unauthorized parties.

“Based upon reports of similar incidents, we do not believe that your health information was targeted by any unauthorized individual installing the software on the server,” reads the reassuring notice.

The growing popularity of cryptocurrency has spawned huge interest in cryptocurrency miners and ransomware. Digital currency is highly untraceable, while at the same time it can be generated out of thin air by hacking and using other people’s computers to ‘mine’ new coins.

For the curious, the cryptocurrency mined with the hacked EMR vendor’s systems was reportedly Dash. According to the World Coin Index, which tracks the fluctuating values of all cryptocurrencies in existence, Dash is the fourth-most valuable cryptocurrency per unit, currently trading at 557 USD.

For comparison, one Ethereum is $820, BitcoinCash sells for just over $1,000, and the almighty Bitcoin – which two months ago stood at almost $20,000 per unit – is now worth $8,200.

Crypto Update: Bitcoin Leads Morning Rally after Overnight Dip

The crypto rally is well and alive this morning, even as the dominant downtrend is still intact in all of the majors. The coins are showing strength despite the renewed volatility-related fears in financial markets that are sending shockwaves through equity and forex markets since the Monday crash. The relative strength in cryptocurrencies comes on […]

The post Crypto Update: Bitcoin Leads Morning Rally after Overnight Dip appeared first on Hacked: Hacking Finance.

Technical Analysis: Cryptocurrencies Consolidate after Powerful Rally

The advance that catapulted the major coins off the recent lows by 30-50% stalled out today in the second half of the session, as the major coins settled down somewhat following the highly volatile period. As stock markets had a choppy and ultimately flat day after the crash and the subsequent bounce, and that helped […]

The post Technical Analysis: Cryptocurrencies Consolidate after Powerful Rally appeared first on Hacked: Hacking Finance.

Why Ether Is Worth More Than Facebook

As the dizzying pace of stock market volatility continues shock turns to the question, what is the right course of action.  To make successful decisions starts with the answer to a bigger question.  What is causing the upheaval? Recently we put electronic ink to virtual paper in an article making the case for a strong […]

The post Why Ether Is Worth More Than Facebook appeared first on Hacked: Hacking Finance.

Crypto Update: Coins Extend Gains Above Prior Lows

Although the major coins are still not completely out of the woods, with the dominant downtrend still being intact, bullish signs continue to show up across the board, and today’s rally could be the start of the durable rally that bulls have been expecting. The stabilizing global stock markets and the improving news flow helped […]

The post Crypto Update: Coins Extend Gains Above Prior Lows appeared first on Hacked: Hacking Finance.

Tesla in Space, The Global Market Bounce in Stocks and Cryptos

Looks like we’re one step closer to life on Mars. For those who haven’t seen, Elon Musk’s Space exploration company has just successfully completed the monumental task of launching the most powerful rocket of our generation, the Falcon Heavy. The first payload of the groundbreaking rocket was one of Musk’s own Tesla Roadsters. Here we […]

The post Tesla in Space, The Global Market Bounce in Stocks and Cryptos appeared first on Hacked: Hacking Finance.

Daily Analysis: Stocks, Cryptos Bounce Back Hard after Volatility-Driven Crash

Tuesday Market Recap Asset Current Value Daily Change S&P 500 2684 2.94% DAX 12,392 -2.32% WTI Crude Oil 63.92 -0.36% GOLD 1326.00 -0.72% Bitcoin 7800 9.71% EUR/USD 1.2380 0.03% The disastrous overnight session in stocks that drove the S&P 500 almost 100 points below even yesterday’s crash lows, saw the unwind of several short-volatility ETFs, […]

The post Daily Analysis: Stocks, Cryptos Bounce Back Hard after Volatility-Driven Crash appeared first on Hacked: Hacking Finance.

Technical Analysis: Coins Stabilize amid Positive Divergences

A hectic and bearish overnight session was followed by a strong bounce in the cryptocurrency segment, as the stock market, which experienced the largest sell-off in years, also rebounded. Bitcoin recovered above $7500 after hitting a low near $6000, and while most of the majors followed the largest coin, several currencies showed relative strength again. […]

The post Technical Analysis: Coins Stabilize amid Positive Divergences appeared first on Hacked: Hacking Finance.

Technical Analysis: Coins Hit New Lows amid China Crackdown and Stock Rout

Cryptocurrencies experienced heavy selling yet again, as the negative regulatory news flow continued to weigh on sentiment. The severe stock market decline in the US also increased uncertainty in the second half of the day, and the majority of the largest coins hit new correction lows. That said, several coins showed relative strength amid the […]

The post Technical Analysis: Coins Hit New Lows amid China Crackdown and Stock Rout appeared first on Hacked: Hacking Finance.

Market Update: Re-Test or Another Leg Lower?

The major coins are plunging yet again today, as the panic lows of Friday are being tested by most of them with the dominant downtrend still being intact. Bitcoin already breached the Friday low, being down by 10% since yesterday, while all of the top 20 coins are sporting double-digit losses as well, with another […]

The post Market Update: Re-Test or Another Leg Lower? appeared first on Hacked: Hacking Finance.

Cryptos Surrender Gains After Weekend Bounce; Ethereum Leads Decline

Cryptocurrencies were back on the defensive Monday, with nearly all major tokens declining sharply following upward consolidation over the weekend. After amassing significant fortunes, speculators appear less keen to re-enter the market due to perceived regulatory risks and possible collusion between Bitfinex and Tether. Cryptos Resume Downtrend The cryptocurrency market’s total capitalization has fallen by around $50 […]

The post Cryptos Surrender Gains After Weekend Bounce; Ethereum Leads Decline appeared first on Hacked: Hacking Finance.

Regulation Week/IBM & Lumens

What an ugly week. This is the frustrating part of cryptocurrency. You can take an hour trying to find news to support why things are tanking, and there is nothing. I haven’t needed to trade anything for about two weeks now, as I have migrated most of my earnings to ETH. This week put most […]

The post Regulation Week/IBM & Lumens appeared first on Hacked: Hacking Finance.

Crypto Update: Coins Hold Gains, Consolidation Expected

After the classic panic selling/liquidation event yesterday, the cryptocurrency segment entered a violent snapback rally that carried the major coins up by 20-40% in a matter of hours. On a bullish note, most of the currencies are trading at or near their bounce-highs despite the overnight sell-off. That said, the downtrend remains intact and although […]

The post Crypto Update: Coins Hold Gains, Consolidation Expected appeared first on Hacked: Hacking Finance.

Technical Analysis: A Durable Low Might be in as Bitcoin Hits $7650

Cryptocurrencies got slaughtered in the first two days of February, with this morning’s sell-off closely resembling a wash-out liquidation event. While a confirmed trend change is far away, given the technical damage that the coins suffered, today’s panic low could be a significant bottom or the start of a more complex bottoming process. With all that […]

The post Technical Analysis: A Durable Low Might be in as Bitcoin Hits $7650 appeared first on Hacked: Hacking Finance.

Scammers steal nearly $1 million from Bee Token ICO would-be investors

Another day, another ICO-related scam. In an attack similar to that which fooled investors into the Enigma cryptocurrency investment platform, users who were aiming to buy Bee Tokens during a Token Generation Event (i.e., an initial coin offering) were tricked into sending the money to scammers instead. What is the Bee Token? Beenest is a home-sharing network built on top of a set of Bee Protocols (Ethereum smart contracts) running on the Ethereum network. The … More

Crypto Update: Carnage Everywhere (But This is How Panic Bottoms are Formed)

The downtrend that has been dominant throughout January is likely entering its final phase today, as correlations are sky-high, all majors are crashing, and forced liquidations are accelerating the decline. Volatility surged higher as expected, and technical trading is still the name of the game, with no significant news behind today’s move, even if the […]

The post Crypto Update: Carnage Everywhere (But This is How Panic Bottoms are Formed) appeared first on Hacked: Hacking Finance.

Technical Analysis: Bitcoin Tumbles Below $9000 as Coins Hit New Lows

The new correction lows that we have been expecting in the segment arrived today, as the selling pressure of the Asian and European session remained dominant as US markets opened. The most valuable coin is now more than 50% off its all-time high set in December, and the currency traded on the lowest levels since […]

The post Technical Analysis: Bitcoin Tumbles Below $9000 as Coins Hit New Lows appeared first on Hacked: Hacking Finance.

Crypto Update: Bitcoin’s Plunge Continues, New Lows Ahead?

Yet another week bounce faded away in the segment as BTC continues to lead the market lower, with the most valuable coin hitting a new two-week low today below the $9500 level. Reports regarding India’s crackdown on illegal activities involving cryptocurrencies weighed on sentiment, but the market remains dominantly technical, with the on-going downtrend in […]

The post Crypto Update: Bitcoin’s Plunge Continues, New Lows Ahead? appeared first on Hacked: Hacking Finance.

Cryptocurrency Analysis: Market Stabilizes but Bounce Fizzles Out

The test of the crash lows in the segment got postponed by the early-session rally today, in the case of most of the majors, as yesterday’s sell-off ran out of steam. That said, the bounce that followed the overnight low didn’t change the short-term setup in the coins, as the dominant downtrend is still intact […]

The post Cryptocurrency Analysis: Market Stabilizes but Bounce Fizzles Out appeared first on Hacked: Hacking Finance.

What the New Force in Healthcare Means to Ethereum

Call them the three new amigos of healthcare: Bezos, Buffett and Dimon shook the worlds of technology and healthcare on Jan. 29.  Together they are forming a separate company to do battle with high patient healthcare costs and unacceptable levels of patient satisfaction.  Everybody who read their cryptic announcement is speculating about who will be […]

The post What the New Force in Healthcare Means to Ethereum appeared first on Hacked: Hacking Finance.

Crypto Update: Coins Rebound as Crash Lows Hold

The bleeding in the cryptocurrency segment paused yet again overnight, and the major coins all stayed above their correction lows from early January, for now.  Trading remains focused on technical levels, with BTC’s $10,000 price level being in the center of attention. The crucial support/resistance zone around the historical price level acts as a magnet […]

The post Crypto Update: Coins Rebound as Crash Lows Hold appeared first on Hacked: Hacking Finance.

Technical Analysis: Bitcoin Price Drops Below $10,000 Again as Sell-Off Accelerates

The next volatile phase of the ongoing correction started today after the technical break-down in BTC that we warned about yesterday. The weak rising trend got violated by the most valuable coin after a bearish start of the week, and the decline strengthened even more amid reports of increased US scrutiny regarding Bitfinex and Tether […]

The post Technical Analysis: Bitcoin Price Drops Below $10,000 Again as Sell-Off Accelerates appeared first on Hacked: Hacking Finance.

Market Update: Persistent Selling Pressure in Crypto Land

Following a bearish start for the week, the major coins are in the red yet again today in early trading, with only last week’s laggard, IOTA sporting slight gains. The news flow is still mostly highlighted by regulatory issues, and the aftermath of last week’s gigantic exchange hack, but trading remains overwhelmingly technical in most […]

The post Market Update: Persistent Selling Pressure in Crypto Land appeared first on Hacked: Hacking Finance.

Why Government Regulation Will Fail

The crypto markets have been buzzing lately with as much price volatility as ever.  The attention, as usual, often appears to be on how many dollars have been lost or what ginormous percentage loss has taken place.  There is all this talk about broken support levels and the urgent need of a price reversal.   […]

The post Why Government Regulation Will Fail appeared first on Hacked: Hacking Finance.

Top Cryptos See Red at the Start of Tuesday Session

Global cryptocurrencies shed market cap on Tuesday, reversing a modest rally at the start of the week and signaling continued downside risk following multiple corrections. Sea of Red Nine of the ten largest cryptocurrencies by market cap traded lower on Tuesday, with losses generally ranging between 4% and 8%. Bitcoin, whose share of the total […]

The post Top Cryptos See Red at the Start of Tuesday Session appeared first on Hacked: Hacking Finance.

Technical Analysis: Consolidation Continues as Weekend Rally Fails but Support Levels Hold

The choppy, hard-to-trade period that we expected after the crash two weeks ago is still ongoing, as most of the major coins are trading sideways inside the range of the initial rally off the January 17th low. That said, the broader declining trend in the segment is clearly intact, and the continuation of the correction […]

The post Technical Analysis: Consolidation Continues as Weekend Rally Fails but Support Levels Hold appeared first on Hacked: Hacking Finance.

Crypto Update: Another Monday, Another Sell-Off

As traditional financial markets opened in Asian trading this morning, cryptocurrencies headed south yet again, as they did on most of recent Mondays. While this could very well be a coincidence, given the continuously growing futures BTC short positions, this could also be the result of banks and other financial institutions building up large bets […]

The post Crypto Update: Another Monday, Another Sell-Off appeared first on Hacked: Hacking Finance.

Ethereum and Lesser-Known ICON Lead Crypto Market Higher on Sunday

The cryptocurrency market is finishing off the weekend on firmer footing, with Ethereum, Ethereum Classic and lesser-known ICON leading the rally. Ethereum Ethereum’s native token climbed as much as $200 on Sunday, where it reached its highest level in nearly two weeks. At the time of writing, ether was up 16%, or $165, to $1,200. […]

The post Ethereum and Lesser-Known ICON Lead Crypto Market Higher on Sunday appeared first on Hacked: Hacking Finance.

Long-Term Cryptocurrency Analysis: Ethereum Leads Yet Another Rally Attempt

The major coins had a relatively calm week, especially following the early sell-off as the largest currencies all held up above their crash lows and entered a low-volatility period. Thanks to the stabilization, and a slight breakdown of the correlations between the coins, some early strength is already obvious in some of the altcoins, as […]

The post Long-Term Cryptocurrency Analysis: Ethereum Leads Yet Another Rally Attempt appeared first on Hacked: Hacking Finance.

Good News and Low Prices

So interesting, isn’t it? Yes, we had gigantic hacking of a large exchange & perhaps some ponzi schemes, but overall I think we are sitting pretty! We have more and more banks looking into blockchain, and if you didn’t see it, Robinhood exchange is going to be offering BTC and ETH, with more coins to […]

The post Good News and Low Prices appeared first on Hacked: Hacking Finance.

Technical Analysis: Coins Hold Their Ground Despite Early Sell-Off

Today’s session started out in a decisively negative fashion, as the continued regulatory issues and the Japanese exchange hack weighed heavily on investor sentiment. The previously weaker majors lead the market lower, while Ethereum remained the most notable bright spot in the segment before the weekend. Bitcoin fell as low as $10,300 after plunging below […]

The post Technical Analysis: Coins Hold Their Ground Despite Early Sell-Off appeared first on Hacked: Hacking Finance.

Crypto Update: Here We Go Again?

After a few days of sluggish and choppy trading in the cryptocurrency segment, today the major coins are trending lower again, underlying the still intact bearish short-term trend. As we emphasized throughout the week, the correction is likely not over yet, despite the admirable performance of some of the altcoins, and the fact that most […]

The post Crypto Update: Here We Go Again? appeared first on Hacked: Hacking Finance.

Trade Recommendation: Ethereum

  This trade recommendation is setting up quickly and requires prompt attention Bias is to the upside with the price trading above the Daily Pivot Range (blue dots), therefore this level is key support for today. With the Daily Pivot Moving Averages (red,yellow, white lines) pointed up, this is bullish. Look to buy on strength […]

The post Trade Recommendation: Ethereum appeared first on Hacked: Hacking Finance.

Technical Analysis: Market Remains Choppy as Bears Still in Control

The major coins are trading in a relatively low volatility environment today, with weekend-like volumes, and narrow trading ranges in most of the largest currencies. The day started out in a bullish fashion, but the early rally stalled yet again, and now, the market is little changed compared to yesterday’s levels. Bitcoin continued to trade […]

The post Technical Analysis: Market Remains Choppy as Bears Still in Control appeared first on Hacked: Hacking Finance.

Another Tipping Point is Reached

When will we reach a point when cryptocurrencies are something more than just a hot topic? We are already there.  Google report for 2017 reveals the nitcoin and related cryptos were the second most searched topic.  Just a couple years ago they were far down on a very long list.  Today I received some of […]

The post Another Tipping Point is Reached appeared first on Hacked: Hacking Finance.

Trade Recommendation: Ethereum Classic/Ethereum

The Ethereum Classic/Ethereum pair’s bull run started on November 10, 2017 when the market breached resistance of 0.045. In two days, the market went as high as 0.06977585. That’s a 55% increase in value within 72 hours. The rapid ascent was exploited by breakout traders as they immediately took profits. The market retreated back to […]

The post Trade Recommendation: Ethereum Classic/Ethereum appeared first on Hacked: Hacking Finance.

Technical Analysis: Cryptocurrencies Mixed as Rally Attempt Stalls

The correlation between the major coins slightly broke down today, as the currencies settled down somewhat after the latest sell-off. While that might be an early bullish sign for the segment, the short-term setups are still bearish for the largest coins, and the rally attempts failed near the key resistance levels. Bitcoin briefly spiked above […]

The post Technical Analysis: Cryptocurrencies Mixed as Rally Attempt Stalls appeared first on Hacked: Hacking Finance.

Trade Recommendation: OmiseGo/Ethereum

The OmiseGo/Ethereum pair is a relatively new market. As such, it is expected that the pair has no clear trend yet. However, new markets can reveal ranges which savvy traders can capitalize on. These ranges appear as participants accumulate positions and determine initial support and resistance levels. For the OmiseGo/Ethereum pair, the resistance was determined […]

The post Trade Recommendation: OmiseGo/Ethereum appeared first on Hacked: Hacking Finance.

Technical Analysis: Coins Fight Back as $10,000 Holds in BTC For Now

Technical trading continued in earnest in the cryptocurrency segment, as the dominant downtrend briefly carried Bitcoin below the widely watched $10,000 level which was followed by a sharp snapback rally. As correlations between the major coins remained very high, altcoins tracked the movements of BTC closely, still pointing to a nervous and bearish sentiment in […]

The post Technical Analysis: Coins Fight Back as $10,000 Holds in BTC For Now appeared first on Hacked: Hacking Finance.

DFINITY is the Third Wave of Blockchain

The use of blockchain technology is rapidly proliferating, and it has already become a strong candidate to be the most revolutionary technology of this decade. The first generation of blockchain technology came with the invention of bitcoin by Satoshi Nakamoto in 2008. It depended heavily on a virtual ledger, which keeps track of all transactions […]

The post DFINITY is the Third Wave of Blockchain appeared first on Hacked: Hacking Finance.

Technical Analysis: Selling Resumes as BTC Eyes $10,000 Again

The post-crash bounce that carried Bitcoin and altcoins higher in a concerted fashion, ended on Sunday, and the major cryptocurrencies are now under pressure again, with steep losses across the board. The largest coins are holding on above their prior lows, but correlations are still very high, and that points to a likely re-test of […]

The post Technical Analysis: Selling Resumes as BTC Eyes $10,000 Again appeared first on Hacked: Hacking Finance.

Crypto Update: Test of the Crash-Lows Ahead?

The major coins started the week on a negative note, as the broad correction entered another bearish swing after a strong pre-crash bounce. Technical trading is still dominant, with no major news behind the move as a catalyst, and as the correlation between the coins is still very high. The latest wallet-hack is a weighing […]

The post Crypto Update: Test of the Crash-Lows Ahead? appeared first on Hacked: Hacking Finance.

Long-Term Cryptocurrency Analysis: Bitcoin and Monero Shine As Post-Crash Consolidation Continues

It has been a week for the history books yet again in the cryptocurrency segment, as the market went through another violent phase of the ongoing broad correction that finally cleared the momentum and sentiment extremes of the late-2017 rally. Now, the majors are mostly in neutral long-term setups, although the late leaders of the […]

The post Long-Term Cryptocurrency Analysis: Bitcoin and Monero Shine As Post-Crash Consolidation Continues appeared first on Hacked: Hacking Finance.

Cryptocurrency Analysis: Market Turns Lower Again Before the Weekend

Choppy market conditions remained dominant, as we expected, after the segment-wide crash and the subsequent spectacular bounce. Trading volumes plunged back to normal levels as the majors settled down, but correlations remained high across the board, and the short-term downtrend in Bitcoin and most of the largest coins is still intact. The sector is headed […]

The post Cryptocurrency Analysis: Market Turns Lower Again Before the Weekend appeared first on Hacked: Hacking Finance.

Ethereum Wannabes Face Big Challenge

Price volatility in cryptocurrencies has been center stage in the drama of this crazy new technology.  Recently we tried to ease any jangled nerves by suggesting not to get distracted by the melodrama created by the media. Don’t blame them, it is just their job. Just ignore them, that’s our job. To fill the void, […]

The post Ethereum Wannabes Face Big Challenge appeared first on Hacked: Hacking Finance.

Crypto Update: Volatility Declines as Choppy Consolidation Continues

The wild swings of this week will long be remembered by cryptocurrency investors, but for now, the market settled down, and the majors are holding on to most of their post-crash gains, despite the overnight sell-off. The oversold bounce was once again led by the price of Bitcoin, but percentage-wise, altcoins gained more than the […]

The post Crypto Update: Volatility Declines as Choppy Consolidation Continues appeared first on Hacked: Hacking Finance.

Technical Analysis: Coins Explode Higher but Segment Remains in Downtrend

The sea of red in the cryptocurrency sector quickly turned green today, as all of the major coins surged off the crash lows, gaining from 25% to 100% in less than a day after BTC plunged below the$10,000 level. The rally was fueled by reports from South Korea about the rumored exchange ban that suggests […]

The post Technical Analysis: Coins Explode Higher but Segment Remains in Downtrend appeared first on Hacked: Hacking Finance.

Cryptocurrency Mining Malware Infects More Than Half of Organizations Globally

More than half of organizations around the world were struck by threat actors using cryptocurrency mining tools to steal corporate computing resources last month, a trend that will likely continue in 2018, according to recent research.

The Golden Age of Cryptocurrency Crime

The popularity of bitcoin, Ethereum and other cryptocurrencies is likely fueling interest among rogue actors to prey upon the CPU power behind major websites and streaming services. According to Check Point’s most recent “Global Threat Index,” the top 100 malware included 10 different kinds of cryptocurrency mining tools. In some cases, 65 percent of a system’s resources are being drained for mining, going far beyond legitimate or legal uses of the software.

Although the cybercriminals behind such attacks aren’t necessarily going after victims’ personal data or money, the tactics are somewhat similar. Infosecurity Magazine reported that some attackers inject malicious code into ads, otherwise known as malvertising, to install cryptocurrency mining tools designed to harvest Monero. All someone would have to do is click on a pop-up ad and the process would begin without their knowledge.

Digging Into Cryptocurrency Mining Tools

Many of the cryptocurrency mining applications in question were never intended to be misused like this. As WCCF Tech pointed out, Cryptoloot and Coinhive were initially seen as ways for certain online properties to generate additional revenue, but bad actors are capitalizing on their capabilities. In other cases, sites such as Pirate Bay have taken advantage of their visitors by running these tools quietly in the background.

Check Point research also revealed that there are some downright malicious cryptocurrency mining tools on the market, such as the RIG exploit kit. SecurityBrief suggested that, for some threat actors, harvesting bitcoin might be easier and more lucrative than using ransomware to take over an individual system or device.

As the cryptocurrency gold rush gains steam, there’s no telling how many more cybercriminals are going to get in on the act.

The post Cryptocurrency Mining Malware Infects More Than Half of Organizations Globally appeared first on Security Intelligence.

Wall Street warming up to Bitcoin as Goldman Sachs sets up trading desk

Investment firm Goldman Sachs Group is about to dip a toe into the Bitcoin market, according to people familiar with the bank’s strategy. Bitcoin is heavily associated with cybercrime – in particular ransomware.

Goldman Sachs is setting up a trading desk to create markets in digital currencies, Bloomberg reports, citing two people with knowledge of the firm’s long-term plans.

“In response to client interest in digital currencies, we are exploring how best to serve them,” firm spokesman Michael DuVally told the news agency.

Goldman Sachs has set its sights on Bitcoin, risky but potentially extremely profitable crypto currency that has captured the imagination of the world, including hackers. Cybercriminals love crypto currencies for one major advantage: anonymity.

The proliferation of ransomware – currently the #1 cyberthreat – was made possible partially thanks to digital currencies. After encrypting a victim’s computer, cyber crooks leave their Bitcoin wallet’s address on the screen demanding ransom be paid at that address in the form of cryptocurrency. While the public can see the wallet and its contents, no one knows who owns it.

Other popular “altcoins” (as they are collectively called) include Monero, Ethereum, Litecoin and Zcash – each with their respective valuation and unique pros and cons. However, no altcoin is more valuable than Bitcoin, currently trading at around $14,000 apiece.

But because it isn’t backed by any real assets, and because it is a cybercrime currency, Bitcoin is also highly volatile – making it a very risky affair for Wall Street. Just last week, Bitcoin peaked at an impressive $20,000 per coin.

Also worth noting, several cryptocurrency concerns have fallen victim to cyberattacks. NiceHash, the self-proclaimed “largest crypto-mining marketplace” lost $60 million to hackers earlier this month.

Perhaps not surprisingly then, banks like Citigroup and Bank of America have taken a wait-and-see approach.