Ransomware Crooks Cashed Out $16 Million from Defunct Bitcoin Exchange

Ransomware Crooks Cashed Out $16 Million from Defunct Bitcoin Exchange 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN.com: In the two years leading up to 2018, a spate of ransomware attacks were analyzed in a report by a team of researchers hailing mostly from leading U.S. universities and Google. Results showed a conservative estimate of total funds stolen to be $16 million, with bitcoin providing a way for malicious actors to take payment from anywhere in the world. The first quarter of 2019 has perhaps seen these types of attacks become more frequent and severe. Citing cases involving Ryuk, a notorious family of ransomware, the amounts…

Joseph Stiglitz Thinks We Should Ban Cryptocurrencies

Joseph Stiglitz Thinks We Should Ban Cryptocurrencies 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Most people know who Joesph Stiglitz is. Some know him as the 2001 recipient of the Nobel Memorial Prize in Economic Sciences; others know him as a vocal cryptocurrency bear. This week, Stiglitz is getting a lot of attention for the latter. In a May 6 interview with CNBC, Stiglitz said we should shut down cryptocurrencies. Here’s everything we know. Joseph Stiglitz on Cryptocurrencies: The Latest This week, of course, is not the first time Joseph Stiglitz, 76, has discussed cryptocurrencies in a negative manner. Back in November 2017, Stiglitz…

Dow Nightmare Monday Looms on $200 Billion Trump Chinese Tariff Threat

Dow Nightmare Monday Looms on $200 Billion Trump Chinese Tariff Threat 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN.com: The Dow Jones has shown strong momentum from May 2 to 3, recording a recovery of nearly 300 points in merely two days. However, U.S. President Donald Trump’s decision to raise tariffs on $200 billion worth of Chinese goods could hinder the performance of the U.S. equities market. The Dow Jones has recovered strongly from May 2 to 3, adding nearly 300 points (source: Yahoo Finance) Intensifying Geopolitical Tension Poses Risk on Dow Throughout the past two months, many strategists were optimistic towards the short-term future of the…

Blockchain Hype Turns to Mainstream Adoption in Billion-Dollar Corporations

Blockchain Hype Turns to Mainstream Adoption in Billion-Dollar Corporations 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN.com: Forty percent of senior finance executives expect their firms to invest in blockchain technology over the next two years, according to a recent survey by audit firm Grant Thornton LLP. That’s in addition to the 22 percent who report their firms have already implemented the technology. This marks a dramatic change from only a year ago, when blockchain was more talked about than practiced, according to Chris Stephenson, Business Consulting principal at Grant Thornton LLP and author of the report. In its 2019 CFO Survey, Grant Thornton along…

152% Gains: Here are March’s Best and Worst Crypto Performers

152% Gains: Here are March’s Best and Worst Crypto Performers 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

  March has been a positive month for the cryptocurrency market on the whole. The 31-day period saw the cryptocurrencies’ combined market capitalization dropping to as low as $125.09 billion, and rising to as high as $146.39 billion. A majority of the crypto-assets performed exceptionally well while a handful of them lost significant value. Below are the best and the worst crypto performers, measured by their market performance, spanning from March 1, 00:00 UTC, to March 31, 23:59 UTC, and as well as their volume distribution, liquidity, and market fundamentals.…

EOS and ADA Surge as Bitcoin Recovers to $4,050: Factors Behind the Rally

EOS and ADA Surge as Bitcoin Recovers to $4,050: Factors Behind the Rally 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

  In the last 24 hours, the bitcoin price recovered beyond the $4,000 mark as alternative cryptocurrencies in the likes of Cardano (ADA) and EOS surged by more than 10 percent on the day. The price of bitcoin has slightly increased in the past 24 hours (Source: Coinmarketcap.com) Many tokens and crypto assets including Nuls, Wanchain, Ontology, Crypto.com, OmiseGo, and others have increased by 5 to 15 percent against both bitcoin and the U.S. dollar, demonstrating strong momentum. Strong Movement of Alternative Crypto Assets Was Crucial For Bitcoin On Wednesday,…

Every Airline That Has Stopped Flying 737 MAX 8 Planes after Boeing Crash

Every Airline That Has Stopped Flying 737 MAX 8 Planes after Boeing Crash 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

  In the aftermath of the tragedy that befell the passengers on Ethiopian Airlines flight ET302, several airlines around the world have grounded the Boeing 737 MAX 8 aircraft that has now been involved in two crashes in less than six months. China and Indonesia Ground All 737 MAX 8 Flights The most wide-ranging responses to the latest accident have come from China and Indonesia where the aviation authorities of both countries announced a unilateral grounding of the 737 MAX 8, meaning that any airline with the plane in its…

Facebook’s 2FA Sham: Users Are Yet Again Exploited

Facebook’s 2FA Sham: Users Are Yet Again Exploited 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Facebook’s 2FA Sham: Users Are Yet Again Exploitedfacebook Most web users have begrudgingly gotten used to the two-factor authentication (2FA) process that’s supposed to protect online accounts. Facebook’s 2FA process is under fire because like so many other snafus that come with being on Facebook, it’s more to it than meets the eye. Hell started to break loose over Facebook’s 2FA process Friday with a tweet from Emojipedia founder Jeremy Burge. He alerted that folks who give their phone numbers to Mark Zuckerberg’s platform as part of the process are…

Coinbase Pushes Out Ex-Hacking Team Employees Following Uproar

Coinbase Pushes Out Ex-Hacking Team Employees Following Uproar 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Coinbase Pushes Out Ex-Hacking Team Employees Following Uproar Coinbase is parting ways with several employees from Neutrino following widespread criticism over the crypto exchange’s acquisition of the blockchain analytics firm. CEO Brian Armstrong announced in a blog post on Monday that Coinbase and Neutrino have decided they will let go Neutrino employees who previously worked for Hacking Team, whether or not they still have any current affiliation with that company. It’s unclear exactly how many of Neutrino’s employees had worked for Hacking Team, except for the three senior executives listed on…

Bitcoin’s Daily Price Range Hits Three-Month Low

Bitcoin's Daily Price Range Hits Three-Month Low 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin’s Daily Price Range Hits Three-Month Low View Bitcoin’s daily price range has dropped to levels last seen in the weeks leading up to the sell-off witnessed mid-November. The latest bout of consolidation, however, looks more likely to end with a move to the higher side, as the cryptocurrency has created a falling wedge on the daily chart. Further, signs of bearish exhaustion have emerged on the 4-hour chart. A strong move above $3,430 would confirm a falling wedge breakout and open the doors to $3,658 (the high of the…