A resemblers in 2016

5 42

Grayscale: "the cryptocurrency market now resembles itself in 2016"

In their report, the researchers write that the rising inflation of most of the world's currencies will significantly increase the demand for Bitcoin, as well as the number of cryptocurrency uses. Analysts note that several indicators at once indicate an increase in interest in digital assets, while investors more often buy bitcoins for long-term investments, and not for short-term speculation. One of these indicators is the number of active addresses on the network of the first cryptocurrency, which is at its highest level since 2017.

Analysts also point out that the US economy is increasingly relying on quantitative easing policies, that is, on the printing press. History shows that countries accustomed to printing money are very reluctant to move away from this habit. However, the US dollar is still "structurally strong compared to other currencies." Back in May, Tudor BVI hedge fund manager Paul Tudor Jones announced that Bitcoin is great for hedging risks and his fund is buying the first cryptocurrency.

“It was surprising to me that Bitcoin received such a high rating. It gained 60% of the financial industry result, but at the same time its capitalization is 1/1200 of the financial industry capitalization. Compared to gold, it gained 66%, while its capitalization is 60 times less than the valuable metal. Something is wrong here and I think it’s about bitcoin, ”Jones said.

Grayscale analysts recently reported that more than a third of American investors are interested in investing in cryptocurrencies.

Guardicore Labs: FritzFrog Miner Virus Hacks Monero Mining Servers

In their report, the researchers note that the botnet has already infected many computers and devices on the Internet and continues to spread. FritzFrog's tactics are quite simple - by brute-forcing passwords to access the SSH management interface on remote servers and launch the XMRig miner to mine Monero.

“The virus has already infected over 500 servers with SSH access. At the same time, the list of infected servers included devices of higher educational institutions in the US and Europe, as well as the servers of the railway company, ”notes Guardicore Labs.

Computer security experts emphasized that it was quite difficult to track down the miner virus, since FritzFrog is a peer-to-peer botnet.

“FritzFrog, unlike other peer-to-peer botnets, is quite unique - it does not use files to infect a device, but immediately launches a miner in the computer's memory. He is very aggressive in guessing passwords and is good at distributing hacking attempts, ”said Ophir Harpaz of Guardicore Labs.

He advised setting complex passwords for accounts to access servers, as well as using them using certificates.

Stablecoin Tether launched on the second level OMG Network

The issuer of the popular stablecoin Tether continues to expand the list of supported networks. The company today announced the launch of USDT based on OMG Network's non-custodial tier 2 scaling solution.

As noted by Tether, USDT holders will be able to take advantage of the OMG Network, created to reduce the load on the main Ethereum blockchain. This will reduce transaction confirmation times and fees without compromising security.

“Tether is committed to innovating its service to improve customer support,” said CTO Paolo Ardoino. “By migrating USDT transactions to the OMG Network, we can lower costs, increase productivity, and reduce load on the root chain. This is good for Bitfinex and our customers, as well as for the entire Ethereum ecosystem. "

Support for USDT transfers via the OMG Network will also be added to the Bitfinex cryptocurrency exchange. Ardoino expects that this will enable traders to react more quickly to emerging trade opportunities, in particular when arbitrating between exchanges to capitalize on rate differences.

According to the information on the Tether website, the USDT emission volume is now approaching $ 13 billion, of which 7.5 billion tokens are based on the Ethereum blockchain. Until recently, Tether was the main consumer of gas on the Ethereum network until it ceded the first place to the Uniswap decentralized exchange.

UK Financial Regulator Accredited Gemini Bitcoin Exchange

The British Financial Conduct Authority (FCA) has registered two branches of the Gemini Winklevoss brothers cryptocurrency exchange.

The company has fulfilled the requirements of the regulator to comply with the EU Fifth Anti-Money Laundering Directive (AMLD5)

Gemini has partnered with anti-market manipulation solution provider Eventus Systems, which also partners with Coinbase and ErisX, according to Bloomberg.

UK-based cryptocurrency exchanges, wallet operators and private key holders are required to register with the FCA by 10 January 2021.

16
$ 0.43
$ 0.43 from @TheRandomRewarder

Comments

Gemini is definitely a trusted blockchain whom every user will want to be part of it so educative i must say

$ 0.00
3 years ago

Theta is not just found in the market but also going high as the issues are going which are indeed a good tokens

$ 0.00
3 years ago

when i see this capture i just got taken away a resemblers are you saying things similar as this happen 2020

$ 0.00
3 years ago