Faith in Bitcoin Remains Despite Block Size Debacle – Bitcoin News

Among the hullabaloo and escalating fear about a potential hard fork, the price of bitcoin swelled to $1212 on April 10, according to’s price index. People still have faith in digital gold. 

Also read: Mexico’s New Bill Could Be a Game Changer for Bitcoin

Nonetheless, this seems like an unprecedented rise in price. The community is still immersed in the tumultuous challenge of finding a solution to the block size dilemma. Some would think the resultant FUD would have caused investors to dump their holdings, inspiring a downward trend in price.

Faith in Bitcoin Remains Despite Block Size Debacle
The price of Bitcoin, a week ago.

The reverse is true, though: there has been healthy bitcoin trading on the market at the onset of April. A Crypto-Time article pointed out that the growth of Bitcoin this month coincided with marked “profits” in the Bitcoin space, which garnered attention of more speculators and investors.

This would make sense from a nontechnical perspective. Some investors may not understand all intricacies of Bitcoin. They might take risks without having full mechanical acumen of the cryptocurrency.

Everyone still trading, still hoarding; Bitcoin ATM’s

With that said, market actors with knowledge of Bitcoin are still trading, keeping, or hoarding the currency. If they would have thrown in the towel, the price would have started a downward spiral. This means that people still have faith the block size problem can be resolved without incident.

In addition, the price hike also comes on the heels of the downward trend spurred by SEC refusal to list a bitcoin exchange-traded fund, meaning that market actors aren’t concerned about political action either.

There is also other good news in the Bitcoin space. Even though the scaling debacle has caused some people to shake in their boots, there is more evidence that faith remains in Bitcoin.

On March 2, penned an article that suggested Bitcoin ATM installations are still on the rise, and that reported that 53 new ATM machines were installed in a variety of different countries in March. However, Razor-Forex added:

Source: Faith in Bitcoin Remains Despite Block Size Debacle – Bitcoin News

Markets Update: Bulls Test the Psychological $1200 Price Range – Bitcoin News

This week in bitcoin-land has been pretty dramatic and entertaining, to say the least. As far as price is concerned bitcoin has had an incredible week escalating into new price territories. At press time the current price per BTC is $1188 taking a slight dip after yesterday’s $1202 high across global exchanges. Currently, there is heavy resistance in the psychological $1200 range as there are quite a bit of sell walls throughout exchange order books looking at depth charts. There has been plenty of plays for day traders looking for breaks and scalps if positions were played right.

Markets Update: Bulls Test the Psychological $1200 Price RangeTechnical indicators show bitcoin’s price is still a buyer’s market with the price still ascending upwards early morning on April 7. The 100 Simple Moving Average (SMA) shows the same patterns as the past two weeks trending higher than the 200 SMA trendlines. Future markets and throughout various trading forums show many traders are still betting “long” as opposed to trying to short the market. However, others believe technical indicators show the price may be in overbought territory. At the present time, the Relative Strength Index (RSI) indicates sellers may consolidate in the near future, but there seems to be a significant floor around the $1150 mark.

Markets Update: Bulls Test the Psychological $1200 Price Range
Trading View trader “Zippy1day’ BTC weekend outlook is “long.”

Cryptocurrency Markets Weekly View

Markets Update: Bulls Test the Psychological $1200 Price RangeOverall cryptocurrency market capitalizations have now reached $27.3 billion with 860 million in daily trade volume. Bitcoin’s market share dominance is close to 70 percent at the time of writing among the 693 cryptocurrency capitalizations. Currently, throughout the top ten forerunning digital assets most altcoins on the list have dipped in price. Ethereum’s price has dropped to a low of $43 per ether and captures close to a $4 billion market cap. Ripple’s (XRP) price had an exciting ride this past week reaching an all time high of 6 cents per XRP. However, the same day Ripple’s price also took a 50 percent cut and now sits at 3 cents a token.

The number four highest valued altcoin Dash has seen better days. Currently, the price per Dash has hit a low of $66 per token as many traders seem to be shorting the market. Litecoin’s (LTC) market value has had a stellar week reaching a high of 11.50 per LTC, but the price has since dipped to $9. Just as we said last week, the price rise seems to be attributed to Segwit activation as the digital currency’s network seems close to implementing the protocol.

The rest of the top ten cryptocurrencies Monero, Ethereum Classic, NEM, Augur, and Maidsafe coin are experiencing dips between 7 to 3 percent. Altcoins such as Golem, Zcash, and Tether have been steadily trying to enter the top ten race.

Source: Markets Update: Bulls Test the Psychological $1200 Price Range – Bitcoin News

Lots of Data in Cambridge University’s First ‘Global Cryptocurrency Benchmarking Study’ – Bitcoin News

Selwyn_College_Old_Court_Panorama_from_North-West_cornerSponsored by Visa, the research is conducted by Cambridge University Judge Business School’s Centre for Alternative Finance. Even though there are over 300 academic articles published on Bitcoin and other cryptocurrencies over the past few years, the report claims that they “tend to take a narrow focus.” This study is the center’s “inaugural research focused on alternative payment systems and digital assets,” the report reads. “It is the first study of its kind to holistically examine the burgeoning global cryptocurrency industry and its key constituents, which include exchanges, wallets, payments and mining.”

The research is based on non-public data from 114 cryptocurrency organizations and individual miners in 38 countries globally. Four surveys were conducted online, from September 2016 to January 2017. Report authors, Dr. Garrick Hileman and Michael Rauchs, wrote:

We estimate that our benchmarking study captured more than 75% of the four cryptocurrency industry sectors covered in this report.

Below are just some highlights of the report’s findings.

Source: Lots of Data in Cambridge University’s First ‘Global Cryptocurrency Benchmarking Study’ – Bitcoin News

The Digital Currency Council

The DCC is here to support the development of best-in-class professional practices in the digital currency economy through training, certification, as well as connectivity with peers and prospective clients. Our members are leading professionals from a variety of fields, including Finance, Attorneys, and Accountants. At the DCC we are committed to providing independent, objective, clear, practical, efficient and impactful education on the rapidly emerging digital currency economy, including Bitcoin and the Blockchain. Trainings are designed to help professionals meet and exceed the high standards set by the DCC Certification Exam, as well as to advance the knowledge that will drive the students’ careers. The DCC Certification is administered by the DCC Director of Curriculum in consultation with the DCC Curriculum Committee and with the input of experts across the globe. To become DCC Certfied, candidates must pass a rigorous 100-question exam. Exams are reviewed and results provided within one month of each examination. To maintain certification, individuals must participate in pre-approved continuing education programs to demonstrate their commitment to maintaining a high standard of competency in the continuously evolving digital currency economy.

The Hitchhikers Guide To The Invisible Internet – Bitcoin News

If you are into cryptocurrency and are tech savvy, you probably have heard of the Deep Web by now. Most people don’t know that through traditional search engines like Google or Yahoo they only see so much of the worldwide web. Basically, these common applications are similar to traveling with tunnel vision and being able to view only what the browser allows. The Deep Web or the ‘Invisible Web‘ as it’s called is not indexed by these particular browsers and needs to be seen through alternative methods.   

Also read: Open Letters to Ross Ulbricht: Reflections 


Illegal items are not the only thing to see within these websites. As droves of bloggers, artists, gamers, developers, and basically anyone can occupy the space. If one was to choose to visit the Dark Net Markets (DNMs) they can with ease. With a little technical background with computers, that’s especially focused energy on privacy, and encryption a user can travel through the shadow economy. There is much to explore on the Deep Web, and there are thousands of others you may meet on the way. The building of this section of the Internet is growing at exponential rates and those that help its growth are showing a new way of doing things.

Items You’ll Need For The Trip

the-deep-webThis day in age with the ever looming surveillance state it’s a good idea to stay private. Surfing the Deep Web is not illegal however its roads can lead to various Dark Net Markets throughout your travels. There are many steps you can take to ensure your identity remains safe and you must decide the degree of security you are comfortable with. You can visit these spaces with many scaled variations of pseudo-anonymous tactics to keep yourself protected. Using methods that anonymize your identity, IP address, and proxies are probably the best way to protect yourself from snooping agents meddling in your private affairs.

VPNIf you are thinking about using the Deep Web for any kind of e-commerce transaction then you probably should purchase some Bitcoins. Cryptocurrencies are used by close to 90% of the users on the hidden net for pseudo-anonymous privacy and settlement speed. Now nothing is 100% anonymous in the world of online computing, but there are some applications that make it pretty damn close. One application that will guide you through this operation almost worry free is the use of Virtual Private Networks (VPN). This service enables users to surf the public web within a private network. The system creates a point to point connection within a set of dedicated nodes that tunnel protocol and also use traffic encryption methods. VPNs are a great way to ensure privacy not just on the Deep Web but also across public venues such as messaging services and others.

The use of VPNs is not a necessary tool for you to use while surfing this region of the Internet. What you do need is a browser that can index .Onion websites and other addresses that reside on the hidden network. The Tor browser is the most recommended engine that can examine this space. I2Peer, Freenet, and other protocols act as full browsers that work in a similar fashion. Using an application like this is a must when trying to access these websites as popular services will not provide this experience. When using a VPN crossed with Tor the level of anonymity is higher and one can feel safer surfing the hidden net or even make a purchase on the DNM’s using Bitcoin. Searching for an IP address or a vulnerability is far more difficult because using a VPN secures your connection. It puts a level of protection on all data sent and received while surfing and keeps these messages encrypted and out of sight. A private network is a boost in security for places online you don’t usually travel so why not protect yourself?


Source: The Hitchhikers Guide To The Invisible Internet – Bitcoin News

Ripple Streamlines International Banking Transfers.

I’ve been getting an increased amount of clients wishing to pay for my services in Bitcoin which I do accept however converting the Bitcoin into USD’s then transferring the funds from my Bitcoin exchange to my US checking accounts has been a major, and I mean major pain in the ass. I’ve been accused of money laundering, had funds frozen and what should be 1 day bank wires taking weeks to process. Not my client’s problem since I agreed to accept Bitcoin. None of my subcontractors that I use to complete the work for the clients will accept them so I’m stuck in the middle with all this Bitcoin I can’t touch. Well I found this company today which, if true to their promise, will mak my life much easier.

More information here

From malware to cyber-spies, the 15 biggest threats online, ranked | ZDNet

Europe’s computer security agency has set out a list of the top threats in the online world, warning that hacking for profit is one of the biggest trends.

The hackers that never went away: Brace for more state-backed attacks, leaks and copycats this year

The hackers that never went away: Brace for more state-backed attacks, leaks and copycats this year

Attacks on the US presidential election might just be the beginning; expect more hacking and leaking this year across the globe.

“Undoubtedly, optimization of cyber-crime turnover was THE trend observed in 2016. And, as with many of the negative aspects in cyber-space, this trend is here to stay. The development and optimization of badware towards profit will remain the main parameter for attack methods, tools and tactics,” warned the report from the European Union Agency for Network and Information Security (ENISA).

It said criminals had been using unsecured Internet of Things (IoT) devices to launch giant distributed denial of service (DDoS) attacks, and have launched extortion attacks against commercial organisations that have “achieved very high levels of ransom and high rates of paying victims”, and demonstrated the ability to affect the outcome of democratic processes like the US presidential elections.

Executive director of ENISA Udo Helmbrecht said: “As we speak, the cyber-threat landscape is receiving significant high-level attention: it is on the agenda of politicians in the biggest industrial countries. This is a direct consequence of ‘cyber’ becoming mainstream, in affecting people’s opinions and influencing the political environment of modern societies.”

Malware tops ENISA’s lists, with over 600 million samples identified per quarter, and mobile malware, ransomware, and information stealers the main areas of criminal malware innovation.

“Equally impressive was the fact that state-sponsored threat actors have launched malware that has had high efficiency by exploiting quite a few zero-day vulnerabilities,” the report said.

It noted that the average lifespan of malware hashes — the unique identification of a malware variant used by malware detection tools — has shrunk so much that a specific malware variant might exist for just one hour.

Source: From malware to cyber-spies, the 15 biggest threats online, ranked | ZDNet

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TV Manufacturer Vizio Spies On Customers Using Advanced Big Data Analytics

US TV manufacturer Vizio’s underhanded Big Data dealing may have just cost it $2.2 million but I think it is something we can unfortunately expect to see a lot more of.

The FTC this week announced that viewing data of individual households was monitored through a built-in spy device which used image recognition technology. Once every second, software in the Vizio TVs would read pixel data from a segment of the screen. This was sent home and compared against a database of film, television and advertising content to determine what was being watched.

The FTC has revealed that Vizio went further than this – matching data on what was being watched with IP addresses, and selling it, along with third party demographic data, to businesses and organizations with a need for audience measurement.

This week we heard that Vizio paid $2.2 million to settle the FTC complaint, agreed to stop collecting viewing data in this way, and to delete the data it had already collected from its servers. That might seem like a comparatively low figure, but this may be, as Vizio point out in their statement, because personally identifiable information wasn’t transmitted.

Source: Shocking: Smart TV Manufacturer Vizio Spies On Customers Using Advanced Big Data Analytics

In the Next Cyber Wars, Bitcoin Blockchain Is a More Reliable Defense Than Central Systems

Cybersecurity has become one of the largest security threats to the United States, European Union, Russia, China and pretty much any other nation. Properly executed large-scale cyber attacks can simultaneously disrupt communication, ground military jets, or attack civil infrastructures such as hospitals, power plants and major cities’ communication.

Adeolu Fadele, President and Founder Cryptography Development Initiative of Nigeria (CDIN), says:

“It is now generally believed that the next wars will be fought online, that is why nation-state attacks are now common. For a nation to become or retain world power status in the digital age of today, such nations have to possess exceptional sophistication in cyber defense and attack.”

Perimeter security is unreliable

Existing cybersecurity systems have been vulnerable. In October 2016, A massive Distributed denial-of-service (DDoS) attack took several high-profile websites such as Twitter, Amazon, the New York Times, offline. This attack didn’t target any of these companies directly, but rather Dyn, the company that provides DNS services for each of those sites.

Fadele tells Cointelegraph that the inherent vulnerabilities in our present day systems are the major reason why perimeter defense has become a standard practice. Now that the traditional perimeter fences can no longer hold the fire posed by the Advance Persistent Threat (APT) type of attacks, the need for an attack resistant distributed ledger technology like Bitcoin Blockchain has become inevitable.

Better chances to survive

According to Grant Blaisdell of Coinfirm Blockchain Lab, Blockchain technologies could greatly decrease potential damage due to the simple fact that attackers would have to attack an entire mesh of systems instead of a central point. Moreover, there is a big chance that even if attacked the majority of infrastructure will be unaffected.

“When it comes to IT “perimeter security” is not the best strategy as it leaves targets vulnerable and isolated during cyber attacks. A distributed network with Blockchain-based decisions within it provide better communication and ability to counteract threats,” says Blaisdell.

Governments afraid of losing control

Considering why governments may be reluctant towards embracing the disruptive technology, Blaisdell says that such could be due to the irrational fear of losing control. For decades (or even centuries) all governments and public administrations centralize decision-making and crucial infrastructures but such a strategy is being proven inefficient and insecure with thousands of incidents like email leaks or data thefts. A Blockchain-based unified system for administration, security and even the military would drastically decrease the risk of attack and potential damage.

Source: In the Next Cyber Wars, Bitcoin Blockchain Is a More Reliable Defense Than Central Systems

Experts predict 2017’s biggest cybersecurity threats – TechRepublic

If 2016 was the year hacking went mainstream, 2017 will be the year hackers innovate, said Adam Meyer, chief security strategist at SurfWatch Labs. Meyer analyzes large and diverse piles of data to help companies identify emerging cyber-threat trends. “2017 will be the year of increasingly creative [hacks],” he said. In the past, cybersecurity was considered the realm of IT departments, Meyer explained, but no longer. As smart companies systematically integrate security into their systems, the culture hackers too will evolve.

“Cybercriminals follow the money trail,” Meyer said, and smart companies should adopt proactive policies. Ransomware attacks grew quickly, he said, because the attacks are “cheap to operate, and many organizations are not yet applying the proper analysis and decision-making to appropriately defend against this threat.”

Source: Experts predict 2017’s biggest cybersecurity threats – TechRepublic