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Crypto Markets Slightly Down After Week Of Growth

Crypto markets slightly down after week of growth

Crypto Markets Slightly Down After Week Of Growth

March 25: cryptocurrency markets have seen a slight decline over 24 hours to press time, but are still in the green over the seven-day period.

All top-10 cryptocurrencies listed on Coin360 are in the red over the past 24 hours, with the total market cap sitting at around $330 bln at press time.

Coin360

Bitcoin (BTC) has lost as much as 5 percent of its value, trading at around $8,520, according to Cointelegraph’s price index.

Ethereum (ETH) is trading at about $519, having lost 3.7 percent over the past 24 hours.

Cardano (ADA) and Stellar (XLM) are also down 2.19% and 3.13%, trading at $0.18 and $0.23 respectively.

After bitcoin has managed to approach $9,000 and Ethereum went closer to $600 on March 24, the crypto markets are fluctuating again. Yesterday, Cointelegraph reported that Nigeria’s Deposit Insurance Corporation warned the public to stay away from cryptocurrencies, citing the lack of backing by any “physical commodity,” likely contributing to the renewed downward dynamic.

Additionally, it was reported March 23 that Reddit removed the option to pay with bitcoin for its premium membership program, Reddit Gold, due to the “upcoming Coinbase change.”

However, over the past 7 days the majority of crypto markets are still in the green, with some altcoins growing by as much as 60 percent.

Coin360

bitcoin and Ethereum are up about 11% and 8% respectively over the past week, with most of the top-10 altcoins displaying similar, or larger growth.

EOS is probably the biggest winner this week with a 58% percent increase from March 18 when it was trading around $4. The altcoin is now at $6.58, according to Coin360. This growth is likely to have been caused by the recent announcement made by Block.one and Finlab AG, about the launch of a $100 mln fund to accelerate development of EOS.IO software projects in Europe.

Published at Sun, 25 Mar 2018 14:57:20 +0000

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Global Banking System Under Threat As Hackers Crack NSA, SWIFT Again

Hacker group Shadow Brokers has allegedly proved the US National Security Agency (NSA) hacked SWIFT international banking network.


NSA ‘Documents And Files’ Show SWIFT Transactions ‘Monitored’

In “documents and files” released Friday, Reuters reports, the group said it had evidence the NSA used SWIFT to “monitor money flows among some Middle Eastern and Latin American banks.”

The news marks the second time Shadow Brokers has laid claim to compromising NSA secrets. In August 2016, the group said it had entered an agency affiliate and taken details of cyberweapons, which it planned to auction for one million bitcoins.

If true, it is also a further blow to SWIFT, which last year recorded several high-level security failures worth hundreds of millions of dollars.

“NSA hacked a bunch of banks, oil and investment companies in Palestine, UAE, Kuwait, Qatar, Yemen, more,” Mustafa Al-Bassam, computer science researcher at University College London, commented on the findings.

bitcoin Core Dev: Implications Beyond Spying ‘Burning Question’

Reactions from within the cryptocurrency community meanwhile focussed on the broader implications of Shadow Brokers’ latest attack.

Core developer Wladimir van der Laan wrote on Twitter “(finding) indication of tools for manipulation of banks/markets, more than spying” was now the “burning question.”

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As the traditional financial system comes under increasing threat from cyber criminals, bitcoin could emerge as the go-to method for storing wealth thanks to its decentralized blockchain and SHA 256 encryption, especially when compared to the ‘honeypot’ of banks’ centralized databases.

Microsoft Back In Spying Spotlight

The released data does not only focus on SWIFT, but also on Microsoft. Having been outed as involved in NSA spying activities by Wikileaks’ Vault 7 dump in March, the corporation this time is facing stolen code for compromising Windows, “at least some of which still work.”

In a responsorial statement, Microsoft protested ignorance. No official correspondence regarding the threat had been received.

“Other than reporters, no individual or organization has contacted us in relation to the materials released by Shadow Brokers,” it told Reuters.

Windows 10

Regarding the specifics of the SWIFT hack, it appears Dubai-headquarted service bureau Eastnets could be a major target.

Like Microsoft, the SWIFT intermediary denied any malicious activity had occurred.

The reports of an alleged hacker-compromised EastNets Service Bureau network is totally false and unfounded,” the BBC quotes a spokesperson as saying. “The EastNets Network Internal Security Unit has run a complete check of its servers and found no hacker compromise or any vulnerabilities.”

NSA spying activities are claimed to have affected not just companies, but politicians and even everyday consumers.

As part of Vault 7, WikiLeaks suggested end-user electronic devices such as smartphones and smart TVs could have become microphones for intelligence officers to listen in on.

Even Donald Trump and his family may have fallen victim.

What do you think about the Shadow Brokers’ latest claims? Let us know in the comments below!


Images courtesy of Swift, Twitter, Shutterstock

The post Global Banking System Under Threat As Hackers Crack NSA, SWIFT Again appeared first on Bitcoinist.com.

Singapore deputy pm: 'no strong case to ban cryptocurrency trading'

Singapore Deputy PM: 'No Strong Case to Ban Cryptocurrency Trading'

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