Bitcoin Price Analysis and Cyberattack Compromises 76Mil JPMorgan Accounts
The Bitcoin price is descending in fits and starts as the bears try to wrestle it to new lows while buyers are entering at the lows. Global markets, however, are currently in a state of panic after stocks tumbled to new lows yesterday. Adding to the growing uncertainty about financial corporates, JPMorgan revealed that more than 76 million household accounts held with the investment bank have been compromised due to cyberattacks. Update. Time of update: October 3, 2014 at 12:00 pm EST. Price had hit $360.00 (Bitstamp) and reversed. It's difficult to see how the bears are going to negotiate....
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Steemit, the blockchain-based social media platform that was targeted in a cyberattack saw malicious hackers hack user accounts and their balances. Since then, a recovery process has seen compromised accounts with balances over $100 USD, restored and refunded to the affected users. Blockchain-powered Steemit saw some 250 user accounts compromised along with $85,000 in Steem dollars and the token cryptocurrency Steem, stolen, in a cyberattack yesterday. A recent update from Steemit CEO Ned Scott reveals that the Steemit team has since been able to secure compromised accounts containing....
Welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (28 September - 5 October), we saw a huge drop in the bitcoin price, Bill Gates praising Bitcoin technology, a cyberattack against JPMorgan Chase, and more. Keep scrolling for this week's News in Review. Also read: Bitcoin News in Review: PayPal, Butterfly Labs, Goldman Sachs, and More. What's Happening to the Bitcoin Price? At the time of this post, 1 bitcoin is valued at $298, just slightly below $300. This is a substantial drop in price from just a few....
The report said the actors usually gained access to Cloud accounts because of “poor customer security practices” or “vulnerable third-party software.” In a report aimed at assessing threats to Cloud users, Google’s Cybersecurity Action Team said that some attackers are exploiting “poorly configured” accounts to mine cryptocurrency.On Wednesday, the Google team said out of 50 analyzed incidents that compromised the Google Cloud Protocol, 86% were related to crypto mining. The hackers used the compromised Cloud accounts to access resources from individuals’ CPUs or GPUs to mine tokens or....
Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its volatility subsides and institutional investors start investing in bitcoin more than gold in their portfolios.
JPMorgan Renews $146K Bitcoin Price Prediction
JPMorgan released an inaugural report of its new publication last week focusing on the outlook for alternative investments, including digital assets. A new report is expected to be released every two to three months.
The....
JPMorgan’s chairman of investment strategy, Michael Cembalest, is wary of bitcoin and other cryptocurrencies. The JPMorgan strategist stated in a column published Feb. 3 that his comments were his own and not those of JPMorgan Chase. JPMorgan Strategist Raises Issues With Crypto Market While much of the United States recovers from last week’s terrible winter […]