BLOCKCHAIN

Another Free Ransomware Decryptor Released

[ad_1] Malware lab, Emsisoft, released a free decryptor tool on June 4. The tool enables victims to recover files encrypted by Tycoon ransomware attacks without needing to pay the ransom.Researchers from the BlackBerry’s security unit first discovered the ransomware. They stated in TechCrunch that Tycoon uses a Java file format to make it more difficult to detect before deploying its payload that encrypts the files.How does Tycoon workSpeaking with Cointelegraph,
BLOCKCHAIN

Former Chinese Central Bank Exec Praises “Commercial Success” of Bitcoin

[ad_1] The former vice president of the People’s Bank of China, or PBoC, Wu Xiaoling, praised what she calls a “commercial success” for Bitcoin (BTC) on June 5. These kind words come despite a number of vital weaknesses left to address.According to local Chinese outlet, Sina, Wu stated in the preface of the book — “Talking to Top Cadres about Digital Currencies” — that the cryptocurrency is the most successful
EXCHANGES

If Bitcoin Closes Above $10,500, Expect an Explosive Rally to $14,000: Analysts

[ad_1] Bitcoin has seen quite the volatile past seven days. The cryptocurrency broke out on June 1st past $10,000, rallying as high as $10,450 on major exchanges in a move that liquidated dozens of millions worth of short positions on BitMEX. The move was notable. So notable that a prominent analyst, Raoul Pal of Real Vision and formerly of Goldman Sachs said that it was BTC’s “biggest chart pattern break
Business

Marshall Islands Seeks to Establish a “Self-Sovereign Identity” With New Blockchain-Based Currency

[ad_1] The Marshall Islands’ project says its creation of a digital sovereign currency, named SOV, aims to be a “game-changer”. It could also pioneer how governments respond to crises such as the COVID-19 pandemic.In an exclusive interview with Cointelegraph, Joel Telpner, chairman of Sullivan’s Fintech and Blockchain Practice and Marshall Islands crypto advisor, highlighted that the project still faces “a lot” of challenges ahead, but looks forward to making the
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Patoshi Researcher Says “Altruistic” Satoshi Will Never Spend His 1.1M Bitcoin

[ad_1] Bitcoin founder Satoshi Nakamoto will never spend his “1.1 million bitcoins” because he is altruistic, Patoshi Pattern researcher Sergio Demian Lerner has said. The Patoshi Pattern exploits privacy flaws of an early protocol, v.01, to identify blocks possibly minded by Satoshi Nakamoto. Lerner said the Bitcoin creator is unlikely to use his coins, which have not moved since 2009, as a fair basis for the inception of the cryptocurrency.
BLOCKCHAIN

South Korean Crypto Exchange Is First to List Kakao’s Token

[ad_1] South Korean tech giant, Kakao, listed its Klaytn blockchain-issued Klay (KLAY) token via a local cryptocurrency exchange on June 5. This news follows their launch of a new crypto wallet feature in KakaoTalk earlier the week.After registering over 100,000 users thanks to their new crypto-related features, Tech M reports that Kakao reached an agreement with Coinone to list its KLAY tokens. A Klay-South Korean won pairing is now live
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Here’s the Single Factor that Could Trigger a Bitcoin Selloff to $7,600

[ad_1] Bitcoin has entered a firm consolidation phase as it struggles to garner any notable upwards momentum It does appear that the resistance existing within the upper-$9,000 region is insurmountable, with another rejection here potentially proving to be grave There are a few factors that suggest the cryptocurrency is poised to see some notable downside in the days and weeks ahead One such factor is the existence of a CME
BLOCKCHAIN

The Latest Ransomware Victim is a NASA Contractor

[ad_1] As SpaceX and NASA celebrated their first human-operated rocket launch on May 30, cybercriminals behind a ransomware known as DopplePaymer launched an attack against one of NASA’s IT contractors.According to a blog post by the hackers, the gang managed to breach the network of the Maryland-based Digital Management Inc, or DMI. This company provides IT and cyber-security services to several Fortune 100 companies and government agencies.DopplePaymer hackers leaked almost 20
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Fed Chair Jerome Powell Discusses Leveraging an Ethereum-Based Libor Replacement

[ad_1] The Federal Reserve’s Chair, Jerome Powell has hinted at using an Ethereum-based interest reference rate in a transition from the London Interbank Offered Rate (Libor). Powell also detailed in a letter to Senator Tom Cotton (R-AR), that the Ethereum version of Libor, a software called “Ameribor” may not be for everyone. The United States Federal Reserve has expanded a great deal since the start of the coronavirus outbreak and
Business

Of Street Marches and Market Manipulators, May 30–June 5

[ad_1] Cointelegraph’s weekly newsletter on the latest in law, policy and regulation for the crypto and fintech industry. Editor’s noteA lockdown spring is giving way to a protest summer in the U.S., and this will be an especially U.S.-focused edition of Law Decoded. Washington’s focus has shifted from the novel coronavirus over to the mass demonstrations around the country as well as near the White House. The world watches the combined