The Bitcoin Price Breaches $55K In An Exciting Run
Bitcoin breached $55,000 for the first time since May — is a new all-time high coming soon?Summary Of The WeekAs the week started with a sea of green candles, bitcoin’s price breached $50,000 for the first time since early September and then went on to breach $55,000 for the first time since May. Bitcoin seems poised to rally throughout the rest of the year as more institutional support gathered over the last week, which is always a good sign. Here’s what happened in Bitcoin this week:Bullish News To Drive The Price UpMonday started off with bullish news from El Salvador when their....
Related News
The Swift payment network breaches have been making media headlines for several weeks now. But it appears more than three banks may have been breached, as researchers are investigating 12 similar incidents. Although nothing has been confirmed yet, this news does not bode well for the financial ecosystem. A lot of people were concerned about Swift when it became clear more than one bank lost funds due to a breach. To make matters even worse, the scope of these attacks may be much broader than anticipated. FireEye researchers are investigating a dozen incidents involved computer breaches....
US Regulators are scrutinizing the Swift payment network in light of the recent heists which have taken place. That is not a complete surprise, as there is plenty of cause for concern. Things have gotten so dire; the US regulators have warned banks about more imminent threats to their cyber security. Ever since the various Swift breaches became public knowledge, there has been a lot of concern among financial regulators. Albeit the hackers used smaller banks to gain access to the Swift network, regulators feel the interbank protocol is no longer safe. Swift Is Not Adequately Protecting Its....
UK businesses could be liable for £122 billion in fines for cybersecurity breaches from 2018, as the debate on Bitcoin’s role in combating ransomware threats shows signs of change. ‘Stratospheric’ Fines Reveal Scale of Cybersecurity and Ransomware Problems. Despite the looming fear of Brexit, from 2018 the country looks to be bound by EU-wide legislation....
Data breaches remain a lucrative business for Internet criminals, especially when they want to sell information for Bitcoin. A data dump containing over 33 million hacked Twitter accounts are now up for grabs in exchange for 10 Bitcoin. According to ZDNet, the hacker selling these Twitter details has been linked to the recent LinkedIn, Tumblr, and Myspace data breaches. But this time, the individual – or collective – went after a much bigger platform by targeting Twitter. As it turns out, platform users have had their passwords exposed somehow. Malware seems to be the most likely culprit,....
Tezos seems to be heading south. As of this writing, XTZ trades at $1.61 following a 3.10% boost in price seen overnight. XTZ’s relative strength index and volume have declined and isn’t showing any signs of bullish movement. As of press time, XTZ movement ceases to be dubbed as an impulse wave. This means that Tezos is now moving towards a back slide. Related Reading | BNB Basks In The Green As Price Glows 5.84% In Fields Of Red Tezos Hints At Bearish Movement The bearish streak has been obvious in Tezos price last week with early signs that the coin’s price will have the tendency to....