Profit-taking on Ethereum, Ripple and IOTA let the bull rally stall

After all three altcoins Ethereum (ETH), Ripple (XRP) and IOTA (MIOTA) reached new annual highs at the beginning of the week, the Bitcoin sell-off in the last 48 hours caused significant price setbacks for all three altcoins.

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The bullish rally this week brought Ethereum into the target area at the 261 Fibonacci extension at $ 608. The high marked the ether price at 620 US dollars. In the course of a significant price correction yesterday, Thursday, November 26, the Ether price corrected by 20 percent back to the breakout level at 485 US dollars. At this important price mark, the first buyers came back into the market and let Ethereum rise to currently 517 US dollars. The significant price correction on the overall market, led by Bitcoin (BTC) with a price slide of more than 3,000 US dollars, now has to be digested.

Bullish variant (Ethereum)

If the bulls can stabilize the ether price above 488 US dollars in the coming days, another increase to the 61 Fibonacci retracement at 550 US dollars is conceivable. If investors can stabilize the price above this mark at the end of the day in anticipation of the Ethereum 2.0 network launch on December 7th, a renewed increase to the annual high of 620 US dollars can be planned. Only when this high is dynamically overcome, however, is a subsequent rise in the direction of the 78 Fibonacci retracement at 678 US dollars likely. A sustained bullish mood should lead the Ether price in the coming weeks to the price target mentioned several times at 720 US dollars. If the key currency Bitcoin (BTC) reaches a new all-time high and breaks above the 20,089 US dollar, Ethereum should also continue to perform and reach the maximum price target of 842 US dollars. In perspective, a continuation of the rally on the overall market is likely to lead the Ether price to around 1,000 US dollars in 2021.

Bearishe Variante (Ethereum)

After weeks of abstinence, the bears have made an impressive return in the last few days and caused a sale up to the supertrend at 488 US dollars. So far, the sellers have not been able to push the ether price below the breakout level at $ 488. Ethereum continues to trade above the EMA20 (red) at $ 504 for the time being. If this sliding support is undershot by the daily closing price and the US $ 485 is broken, the bears will try to correct the rate up to US $ 460 (50s Fibonacci retracement). If this support is abandoned, the correction is likely to expand to around $ 440. In this area there is a first battle of strength between bulls and bears. If the course falls under this support,

This cross support from the uptrend line and horizontal support can be seen as pointing the way for the coming weeks. If Ethereum falls dynamically below this strong support, the current rally is over for the time being and the retest of lower prices is to be planned. If the weak support levels of 409 US dollars (EMA100) (yellow) and 383 US dollars are also undercut, a relapse to the EMA200 (blue) must be planned. The key support area between US $ 371 and US $ 363 therefore comes back into focus. If, contrary to expectations, the market as a whole should correct more sharply downwards, price reductions back to the September lows at USD 318 cannot be ruled out in the medium term. However, as long as the ether price is quoted above $ 420,

Fake Uniswap Apps on Google Play Store Steal Thousands of Dollars

Uniswap clone apps can be found on Google Play.

There are very few provisions to alert the tech giant to the deletion.

DeFi scams are on the rise in 2020.Reports are emerging that a fake Uniswap app has been spotted on Google Play and some victims have lost thousands of dollars.

According to Alex Saunders, founder of Nuggets News, a fake Uniswap app is available on the Google Play Store. At the time of this article’s publication, the tech giant had not removed the malicious app.

Saunders added that someone had already lost $ 20,000 to the app which apparently asks for private keys.

One of our members just lost $ 20,000 to a fake Profit Revolution mobile app on the @GooglePlay store because it has 100 fake positive reviews so he trusted to enter a private key save phrase.

Please retweet this. Please report the application.

Uniswap Clone Scams

Google Play Store has over a hundred fake reviews that give the malware a 4.5 star rating. It has been downloaded over a hundred times and got downloaded by a fake developer email account called hello@unidex.com.

By trying to flag the questionable app and flag it as inappropriate, Google redirects users to a maze of pages that fail to notify the company of questionable apps on its app store.

Some of the responses to the tweet commented that people are reluctant to invest in crypto because of things like this.

Apparently, this isn’t the only fake Uniswap app. The Russian domain of BeInCrypto reported a similar scam last week.

Attack tracks

Google is not alone in spreading scams and malware. Facebook is a hotbed of disinformation and scams, and it has been widely reported that the social media giant was convicted of distributing fraudulent advertising in late 2019.

Hardware wallet maker Ledger has also been a target for fraudsters, as phishing campaigns targeting users escalated following a data breach earlier this year.

Consumers who have purchased Ledger hardware wallets have woken up to nasty emails claiming their crypto assets are at risk of being stolen. Some have even accessed their devices to find them empty and the company offers no support, blaming the end user for these seemingly impossible forays.

Hardware wallets are not foolproof despite what the companies claiming them claim, the risks are real and cryptoassets can be lost.

According to a recent CipherTrace report, crypto-crime has actually declined this year, but decentralized finance-based scams have increased. There were around $ 100 million in losses and thefts related to DeFi protocols in 2020, the report adds.

The Skype co-founder keeps his immense fortune in Bitcoin and cryptocurrency, and he’s living it well!

Rich, but mostly in cryptos – Although less well known than his counterpart, Elon Musk, Jaan Tallinn is nonetheless an engineer turned genius entrepreneur. Astonishing fact: It turns out that Tallinn retains much of the fortune it has built in cryptos .

A generous donor in cryptocurrency

Jaan Tallinn is the co-founder of the social network Skype , created in the early 2000s, before being sold to the Bitcoin Rush group in 2005, then acquired by Microsoft in 2011. This engineer of Estonian origin is now at the head with a personal fortune estimated at 900 million dollars .

In a recent interview with the Forbes newspaper, we learn that Jaan Tallinn has been a crypto HODLer for some time, having made very large donations in cryptocurrency over the past 2 years.

He poured these gifts to society Faculty AI , based in London, focusing on machine learning systems (machine learning) serving businesses and governments.

Jaan Tallinn would have thus, initially, given 350 ethers (ETH) to Faculty AI in January 2018. These ETH had a value then of approximately 435 000 dollars . He again made a donation to this company more recently, in March 2020: 50 bitcoins this time, or nearly $ 315,000 at that time.

A crypto-HODLer who cares about the appearance of a Skynet, Terminator style

Even though his donation aims to limit the risks associated with currently existing AI (artificial intelligence) systems, Tallin hopes that this will also limit the possible negative effects of the birth of an AI that exceeds human intelligence:

“(…) It might also make it safer to deploy something smarter than us. „

The almost billionaire also explains that, if he made his donations in ethers and bitcoins , it is because he keeps the majority of his heritage in this form. In addition, converting these cryptos into fiat currencies would have resulted in unnecessary taxation (which would have reduced the amount of his donations).

Even if this type of donation has been an “accounting puzzle” according to Marc Warner , founder and director of Faculty AI, the company is happy to have kept a good part of it in its books of account. She would have sold only $ 144,000 in ethers between March 2019 and March 2020.

Holding cryptocurrencies over the long term seems to have benefited both Jaan Tallinn and the society that benefited from his generosity. The latter thus has good reserves to finance its future research on AI and machine learning .

Pfizer’s Pandemie-Impfstoff-Nachrichten können das Interesse an Bitcoin nicht dämpfen

Die jüngste Ankündigung eines potenziellen Covid-19-Impfstoffs durch Pfizer löste eine sofortige Erholung der weltweiten Bestände aus, die von der Pandemie am schlimmsten betroffen sind. Die Rallye verhalf wichtigen Indizes wie dem Composite Index der New York Stock Exchange (NYSE) und dem europäischen Stoxx zu einem Anstieg von etwa 4%.

Die Entkopplung von Bitcoin
Auf der anderen Seite gingen die Bestände, die von den Sperrmaßnahmen profitierten, zurück, da der Impfstoff Hoffnungen auf eine Rückkehr zum normalen Leben weckt. Es scheint jedoch, dass dieselben Hoffnungen auf den Impfstoff das Interesse an Bitcoin, einem weiteren Hauptnutznießer der Lockdown-Beschränkungen, nicht gedämpft haben. In einer Performance, die die Abkopplung des digitalen Bestands von den traditionellen Märkten verdeutlicht, wird Bitcoin auch 48 Stunden nach der Ankündigung des Impfstoffs noch immer über 15.000 US-Dollar gehandelt.

Pfizers Impfstoff-Pandemie-Nachrichten können das Interesse an Bitcoin nicht dämpfen

Nach dem anfänglichen Absturz neben den traditionellen Märkten zu Beginn des Jahres erholte sich bitcoin schneller, als mehr Unternehmen und Privatpersonen die Möglichkeit erforschten, das Kryptographieverfahren für Zahlungen zu nutzen. Zwischen dem 12. März – dem berüchtigten „Schwarzen Donnerstag“ – und dem 1. Oktober stieg bitcoin um mehr als 260 Prozent und wurde damit zu einem der Vermögenswerte mit der besten Performance im Jahr 2020.

Pfizers Nachrichten über pandemischen Impfstoff können das Interesse an Bitcoin nicht dämpfen

Unterdessen trug eine Reihe von Ankündigungen von Großanlegern, ab Anfang Oktober Bitcoin zu kaufen, dazu bei, eine weitere Bitcoin-Rallye auszulösen. Darüber hinaus zeigen die Daten auch, dass die Aufregung um die US-Wahlen dazu beigetragen haben könnte, dass Bitcoin das Jahreshoch von 2018 überschritten hat.

Impfstoff-Hoffnungen treiben Märkte an

Doch als Pfizer bekannt gab, dass sich ein Impfstoff in einer Studie im Spätstadium als mehr als 90 Prozent wirksam erwiesen hatte, änderte sich der Wert der Bitmünze nicht. Stattdessen sind es die traditionellen Aktien, die sich mit dem Anstieg des NYSE Composite Index um 500 Punkte von 13.214 Punkten am 6. November auf 13.726 Punkte erholten.

Eine Analyse einer Veröffentlichung zeigt, dass Aktien von US-Fluggesellschaften die Rallye mit 15% anführten, während IAG, die Muttergesellschaft von British Airways, den Tag mit 25% schloss. Airbus stieg an diesem Tag um 19%, während Rolls Royce um 44% zulegte. Zu den weiteren Gewinnern zählen JPMorgan Chase und Bank of America, die um mehr als 13% zulegten.

Im Gegensatz dazu gingen die Aktien von Unternehmen, die als Nutznießer der Pandemie angesehen werden, zurück. Zoom fiel um 17%, ebenso wie Netflix (7%), während Amazon, einer der größten Nutznießer der Lockdown-Beschränkungen, an diesem Tag fast 4% verlor. Einige dieser Unternehmen sehen sich mit einer Schicksalswende konfrontiert, falls und sobald der Impfstoff gegen Covid-19 verfügbar wird.

Obwohl sie von den Sperrmaßnahmen profitierten, deuten die Daten darauf hin, dass die Leistung von Bitcoin nicht an Ereignisse gebunden ist, die traditionelle Märkte beeinflussen. Wie die Daten von Markets.bitcoin.com zeigen, fiel das digitale Vermögen geringfügig von 15.563 Dollar am 6. November auf 15.152 Dollar, etwa 72 Stunden später.

Daher weist bitcoin Anzeichen dafür auf, dass es zu einer alternativen Anlageklasse gehört. Die Abkopplung des Top-Kryptos von den traditionellen Märkten macht es für Investoren, die nach einem besseren Wertaufbewahrungsmittel suchen, nur noch attraktiver.

Voormalig Microsoft-ingenieur die 9 jaar gevangenisstraf uitzit in een zaak waarin het gebruik van Bitcoin-mixers betrokken is

Een Amerikaanse rechtbank in Seattle heeft een voormalige Microsoft-ingenieur veroordeeld tot 9 jaar gevangenisstraf nadat hij hem schuldig had bevonden aan 18 federale misdrijven in verband met zijn uitgebreide plan om de techgigant $ 10 miljoen te bedriegen. Bij het vellen van het vonnis beschuldigt de rechtbank Volodymyr Kvashuk, een software-ingenieur en een Oekraïense burger, voor een poging om digitaal bewijsmateriaal te maskeren door het gebruik van bitcoin-mixers en het illegale gebruik van accounts en wachtwoorden van collega’s om dit plan te ondersteunen.

Geavanceerde behuizing

Volgens gerechtelijke gegevens was Kvashuk, een Oekraïense burger, in februari 2020 veroordeeld voor verschillende tellingen van fraude, witwassen van geld, identiteitsdiefstal en het indienen van valse belastingaangiften.

In zijn reactie op de veroordeling brengt de Amerikaanse advocaat Brian T Moran een eerbetoon aan „wetshandhavingspartners en het kantoor van de Amerikaanse advocaat“ voor het winnen van de zaak die „geavanceerde, technologische vaardigheden vereist om te onderzoeken en te vervolgen“. In een reactie op de ernst van de straf zegt de Amerikaanse advocaat:

„Stelen van je werkgever is al erg genoeg, maar stelen en laten lijken dat je collega’s de schuld hebben, vergroot de schade tot meer dan dollars en centen.“

Volgens documenten die bij de rechtbank zijn ingediend, wordt Kvashuk, die betrokken was bij het testen van het online verkoopplatform van Microsoft, ervan beschuldigd ‚die testtoegang te gebruiken om‘ in valuta opgeslagen waarde ‚(CSV) te stelen, zoals digitale cadeaubonnen.‘ ‚

Royale levensstijl

Met de opbrengst van de verkoop van cadeaubonnen kocht Kvashuk „een huis aan het meer van $ 1,6 miljoen dollar en een Tesla-auto van $ 160.000“. Toen de diefstallen escaleerden, begon Kvashuk „test-e-mailaccounts te gebruiken die aan andere werknemers zijn gekoppeld“ om zijn sporen uit te wissen. Het document voegt toe:

Hij gebruikte een bitcoin ‚mixing‘-service in een poging de bron van het geld te verbergen dat uiteindelijk op zijn bankrekening terechtkwam. In totaal werd gedurende de zeven maanden van de illegale activiteit van Kvashuk ongeveer $ 2,8 miljoen aan bitcoin overgemaakt naar zijn bank- en investeringsrekeningen. Kvashuk diende vervolgens valse belastingaangifteformulieren in en beweerde dat de bitcoin een geschenk was van een familielid.