Yuri Molchan

Hackers Demand $1 mln Ransom in Ripple Stealing Client Data From Canadian Banks

Hackers threaten to publish customer data unless they get $1 mln ransom in Ripple
Hackers Demand $1 mln Ransom in Ripple Stealing Client Data From Canadian Banks

Bank of Montreal and online bank Simplii Financial of Canada announced Monday that over the weekend they had had the personal data of almost 100,000 account holders stolen in a hack.

Among the lost information was the one that allows accessing the bank accounts. The culprits promised to share this data on the Internet unless the banks’ authorities cooperate.

The hack scheme explained

In an email, the fraudsters provided a brief guide to how they actually hacked the accounts. They got partial access to them through common computer algorithms. Also, some of the account owners had forgotten their passwords and this allowed the hackers to simply reset security details and opened the accounts for them.

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The criminals demanded a ransom of $1 mln in the Ripple cryptocurrency unless the banks wanted the data published.

The banks’ response

When some major Western media contacted the banks for the recent updates on the situation, the management replied they are against paying con artists. Instead, their IT-security experts and law enforcement agencies keep cooperating on how to protect their customers’ interests.

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How the customers feel

The hackers have already released the personal data of two account holders, which made these people deeply distressed. It also got them wondering whether the current banking system needs reforming.

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George Shnurenko

What is Coinna.com: Crypto Market News Review

This is a news aggregator that gathers and displays the latest news from other authoritative portals
What is Coinna.com: Crypto Market News Review

Coinna.com is a cryptocoin-related news aggregator that provides readers with a newsfeed of fresh reviews, posts, and press-releases from popular websites. This project would be interesting for those who need reliable and up-to-date information about major cryptocurrencies, crypto-related projects, and startups, as well as tutorials.

What is Coinna.com?

This is a news aggregator which means this website gathers and displays the latest news from other authoritative portals. The list of Coinna.com sources includes:

  • CoinCodex

  • CryptocurrencyGuide

  • CryptoComes.com

  • News BTC

  • Finance Magnates

  • Bitsonline

  • Coin Geek

  • and other websites

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Aside from offering news, Coinna.com provides the whole gamut of tutorials dedicated to cryptocurrencies and trading of virtual assets, as well as information about currencies.

Coinna.com main page with news
Coinna.com main page with news

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Functionality and sections

The first thing you notice is the minimalistic black-and-white design of the website: Coinna.com is very simple in navigation, which makes it highly convenient for every reader. Even if the news categories on the left panel aren’t enough to get the necessary information, you can use the search panel on the top of the homepage. Generally, the set of functions is enough to get essential information about cryptocurrencies. The following main sections are available:

1. News. By default, the news is displayed by the time of publishing, but the user can also view the most popular posts. Besides, on the right panel, the most popular news categories are located. You can sort out news about Bitcoin, mining, the Blockchain, EOS, Electroneum, and other hot themes.

2. In ‘Info/Tutorials’ section, users can find a lot of gripping articles connected to cryptocurrencies and trading. For example, you can figure out how to buy tokens on Binance, get essential information about the most popular cryptocurrencies, and so on. This knowledge base is constantly extended. The tutorials can also be filtered with the help of specific categories on the left panel. The user is directed to third-party content providers, such as CoinCodex.

Tutorials are taken from CoinCodex
Tutorials are taken from CoinCodex

3. A separate section is dedicated to Coinbase, the secure online platform for transfer, storage, selling and buying cryptocurrencies. Since this platform has a significant influence on development and value of modern virtual currencies, Coinna.com pays it utmost attention.

4. The section under Startups category displays news and press-releases connected with the ICOs, new initiatives and companies on the verge of launching, as well as new players on the cryptocurrency market.

What makes it stand out from the crowd?

A particular category that should be mentioned in ‘Scam’– only a few news aggregators put the focus on this very specific type of content. In Coinna.com, readers can find the articles connected with frauds and crimes in the sphere of cryptocurrency, interviews, and opinions of authoritative specialists concerning the reliability of projects and currencies, and attacks that take place in the digital finance world. Forewarned is forearmed.

How to filter news?

Despite bare-bones design, Coinna.com offers several ways of content sorting:

  • By the time of publishing– news are simply arranged in the chronological order.

  • Top-news– you can read the most popular posts.

  • By categories– they’re present on the left navigational panel.

  • By tags– these are enlisted under the article title.

  • Using the search panel– just type in the words for your request.

Additionally, on the right top corner, you can select the source of news and select/unselect the websites from which the posts are displayed.

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Bottom Line

From the point of website construction, Coinna.com is a simple and intuitive news aggregator with a no-brainer navigation. Although it provides fresh news from a wide range of sources, the project leaves a few things to be desired: users would benefit from ampler information about cryptocurrencies, as well as the numbers (cryptocurrency price, exchange rates, forecasts). There’s a lot of space for development!

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🤷 Opinions Darryn Pollock

For Bitcoin to Become a Revolution, it Needs its ‘Dot Com Crash’ Moment

Opinions
Whenever there is a crash, panic ensues from those who probably should not be involved in Bitcoin to begin with.
For Bitcoin to Become a Revolution, it Needs its ‘Dot Com Crash’ Moment

"1/In the dotcom era we watched a promising, but undeveloped, unregulated and open technology called “the internet” result in massive exuberance, fraud and an epic bull run, that was immediately followed by a complete collapse and loss of wealth." February 6, 2018 https://twitter.com/Jason/status/960775425113841664

This tweet sums up my thoughts precisely. Blockchain technology, cryptocurrency, digital tokens, even ICOs and their disruption of the VC market, these are all waves of new technology that have the power to change the way we exist on this planet.

However, Bitcoin and its affiliates, are in their embryonic stages, although quickly evolving, and while people get to grips with the technology behind them, there is this phase of early adoption that is giving a big pay off.

The issue is that people who are uninterested in the whole picture are honing in on the payoff, they are looking at Bitcoin with dollar signs in their eyes and ignoring everything else.

This is leading to some stupid decisions being made, and the shaping of the ecosystem is getting skewed towards these money grabbers. The foundation of the crypto community is starting to be built upon a massive and shaky base of speculative investors.

On the one hand, this has fueled the growth of the Bitcoin market, but the tower which has been built can come crashing down. And on the other hand, that crash could be the best thing for this technology.

Back the tech, not the currency

Now, I am not saying, like many other big banks and centralized systems that Blockchain is the answer and it should be separated from the digital tokens. What I am saying though is people who are entering the crypto community need to be appreciative of the technology and the potential it has to be a disruptive force.

Way back when the white paper was written, their foundations were there for a technology that could change the face of finance, the banking system and the hegemony that was held by centralized money systems.

That message has been diluted as not only the Bitcoin community pushed the digital coin away from its primary function, they have pushed it to be a store of value, which is a move motivated by greed.

Shake out the weak and damaging hands

There need to be a few big changes in Bitcoin for it to get back on track and to be able to match the Internet as a force for change going forward. One of those is that it needs to sort out its scaling issue, in order to move towards being a functional currency, but it also needs to shake off some of the deadweight.

The run up to it's all-time-high was epitomized by a wave of true mainstream adoption. The word Bitcoin was on the lips of cab drivers, hairdressers, doctors and garbage men alike; everyone wanted to know what this magical growing asset was all about.

However, it was less about educating themselves than finding out a way to double an investment in a few days. They bought in, with ease thanks to cryptocurrencies all-inclusive nature, but did not understand what they were buying into, moving more in a speculative direction.

A falling knife

When Bitcoin bucked recently, changing direction sharply in a downward spiral, those speculators were well shaken up, and a mass evacuation occurred which helped the knife fall further and faster.

However, this is not necessarily a bad thing. Those who screamed bubble as they exited sharply were never in it for the right reasons. Those who merely shrugged and rode the lightning, making no moves to exit are now the ones who remain and the ones that will build Bitcoin to be a force in the coming years.

Thank god for the Dot Com burst

It is funny to think that in the Dot Com bubble burst people were declaring this ‘Internet thing’ a scam and a fraud, and celebrating its demise and supposed death. However, it was the speculators and get-rich-quicksters that were merely making room for those who saw the promise.

Bitcoin has shook a lot of the first from its base, but it could still do with another big Dot Com level pop in order for it to grow its full potential.

 

🤷 Opinions
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📈 Pricewise Andrew Strogoff

Bitcoin Gains Momentum As Investors Run From Ethereum, Ripple, EOS, NEM, Other Altcoins: Price Analysis, July 24

Pricewise
Bitcoin develops its uptrend as a reserve crypto while other cryptos are in deeper correction
Bitcoin Gains Momentum As Investors Run From Ethereum, Ripple, EOS, NEM, Other Altcoins: Price Analysis, July 24

Hello to all my readers. This is Andrew Strogoff again and we are going to take off with our cryptocurrency analysis. Unfortunately, we still have to wait for the targets to be reached. I established them on Friday, but Ethereum, Ripple, EOS and NEM still avoid to meet them.

However, Bitcoin seems to take force. This let me say reserve cryptocurrency goes higher and higher establishing new heights. I think the main reason is the runaway of investors from altcoins into Bitcoin.

As for the news, there are a couple of events I would like to share with you. The first one is the ban of mining that is going to be launched in Xinjiang Uyghur autonomous Chinese province on September. China is known for its banning of crypto-related activities. However, the government states that the Blockchain technology is promising.

The US Chamber of Commerce recommends the SEC to hold ICO’s by the throat meaning some more serious measures are required to regulate this industry.

Bitcoin (BTC/USD) the lonely hero in this cryptocurrency industry, price analysis, July 24

Bitcoin is the only currency pair that develops its uptrend from the top 20 currently. I think that this is due to the runaway from the altcoins as there is a huge money inflow into BTC/USD. I think that the currency pair is likely to develop its uptrend in the nearest future and may take the altcoins aboard.

BTC/USD 4H chart

My targets were reached again, but I think that BTC/USD aims for higher targets currently. The currency pair has tested the resistance area at $7,734 and went higher. It aims at the next resistance area at $7,949, where my green rocket is.

Why do I think Bitcoin looks promising currently? The first reason is that BTC/USD is the lonely gainer. The currency pair benefits from altcoins deeper corrections as investors are running away from other cryptos. Moreover, there are no reasons for the market to fall.

Ethereum (ETH/USD) still needs some more fuel to fly, price analysis, July 24

The currency pair developed its deeper than expected correction on Monday frustrating my expectations. I saw ETH/USD rising after testing the support area at $453.24. However, ETH price went upwards and retreated from the resistance area at $473.39

ETH/USD 4H chart

What are my next thoughts on the currency pair? I think Ethereum is going to resume its uptrend in the nearest future. This kind of range fluctuations between the two levels in coming to the end already. I also think that ETH/USD is likely to reach the next resistance area at $500.36 in the next couple of days.

What do I see currently on the four-hour chart? There is a kind of bullish hammer candlestick pattern, which I suppose is a signal indicating the price may grow in the nearest future. However, the price resides slightly below $453.24 level and needs to go above before developing upside progress.

Ripple (XRP/USD) has a deeper than expected correction, price analysis, July 24

Ripple goes in the opposite side from my targets but I still believe XRP/USD is going to reverse in the nearest future to reach the goals I have set on Friday. The currency pair develops a deeper than expected correction, but I think it is near its end.

XRP/USD 4H chart

As far as you can see, the currency pair is close to its local lows meaning we can see a reverse soon. I am far from thinking that the crypto market is going to develop downtrend as there are no reasons for it. New Chinese bans have almost no impact on price as market participants have an immunity to it already.

As for targets, I still think that the currency pair is going to reach $0.5088 in the nearest future. However, this task is a bit hard currently as Ripple needs to break through several resistance areas, which are on the way to my target.

EOS (EOS/USD) has longer correction, price analysis, July 24

EOS flats between the two levels but I personally think that the currency pair is likely to resume its growth in the nearest future. EOS/USD has almost reached the support at $7.65 on Tuesday. The correction still develops but it is going to end on Tuesday, I think.

EOS/USD 4H chart

My EOS targets are the same as I see the currency pair to go upwards and to reach the resistance area at $9.56 in the nearest future. However, the currency pair will have to break through several resistance areas before my aim will be touched.

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Cryptotips George Shnurenko

How to Become a Blockchain Developer and Get Great Salary

💡 Cryptotips
Research states that there’s a widespread demand for Blockchain developers. Are you interested in becoming one?
How to Become a Blockchain Developer and Get Great Salary

People keep saying that technology is here to take our jobs, but tech keeps proving them wrong. A recent study carried out shows that for every 14 new job offerings which require the skill of a Blockchain developer, only one developer is available to fill this position. This is in addition to the fact that the $/knowledge ratio for the role soars daily.

As enticing as this sounds, the question going on in your mind is obviously about how to be a Blockchain developer so you can start making an amazing salary. Before this, let’s see the different skills and the knowledge required to become a Blockchain developer.

What is a Blockchain developer required to do?

A Blockchain developer definitely plays a major role in the digitization of our world today. Think of developments such as cryptocurrencies, smart contracts, distributed databases, platforms for ICOs, and e-voting systems. All these are possible because we have experts who are adept in Blockchain technology.

To start with, there are certain fundamental concepts which you should have a good grasp of before considering a career as a Blockchain developer. Some of the concepts are explained below.

  1. What is Blockchain? Blockchain is the general name for a chain of blocks with each block holding important pieces of information about a transaction or operation.

  2. What does decentralization connote? Decentralization means that the information or the different details of the transaction are not stored in a centralized hub.

  3. What is a consensus mechanism? Consensus mechanism is the process by which a transaction on the Blockchain network is confirmed and authenticated.

  4. What is mining? This is the underlying process surrounding how blocks are linked in the network.

Depending on the applications you’ll be building, you might be required to learn other aspects of Blockchain. For example, if you’re thinking of how to become a Blockchain developer and your interest is in ICOs and financial services, you will require training in the economics of cryptocurrency. In fact, you might want to learn about other popular currencies in the sphere. Acquire knowledge about Bitcoin here.

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Considerations for a Blockchain developer

As earlier stated, a Blockchain is renowned for the strict adherence to security, anonymity and speed f transactions. This might make it appear as though the demands of the job are enormous. However, it really isn’t. You just need to take note of certain important factors in the process of coding. What are they?

1.The security of the Blockchain network

If there’s something we all agree on about the Blockchain network, it is the security it offers. The transactions are recorded with a timestamp and are immutable. It also requires either Proof of Stake or Proof of Work to verify transactions on the system. This makes people perceive the Blockchain network to be a secure fortress. However, it isn’t always so.

One thing you should note is that the code is open-access, readily available to the public. This means other Blockchain developers with sinister plans can easily check your code for bugs and vulnerabilities. If there’s any slight chance to exploit the network, it is possible that they hack into the system and disrupt a lot of things. This is why Blockchain development takes a lot of time- code testing, debugging, and deployment.

2.How to manage the resources

Once we’ve sorted the issue of security, another challenge is getting how to keep pace with the network. Remember that the system is decentralized and it requires consensus to validate transactions. Think of what will happen if the resources are not well equipped to cater to remote queries.

3.The performance of the Blockchain network

When you think of Ethereum, Ripple, NEO, one thing that comes to mind is the supersonic speed which is at play. This is why they find application in financial institutions and the reason for the public’s acceptance of the technology. As a Blockchain developer, know that there are certain tasks which are parallelizable and others aren’t.

For example, it is possible the digital signature verification task is one which is parallelizable since it only requires the key, transaction, and the signature. But others might not share this attribute.

4.Isolation

Isolation is what causes deterministic behaviors to be upheld. To explain this, let’s reference our hashes. The same way we had variables which were immutable (e.g. X + Y = Z), a hash shares the same attribute. Hash functions are regarded as deterministic and this is because they cannot be altered.

Blockchain developer skills

According to market analysis, here are three skills every employer wants in a Blockchain developer.

  1. Hyperledger Fabric

  2. Ripple Development

  3. Solidity

Blockchain developer salary

When you consider the fact that companies like Bank of America, JP Morgan Chase, and other highly esteemed corporations are exploring the Blockchain market, your eyes will be open to the opportunities that abound. It is reported that Blockchain developers in the US earn almost $130,000 yearly.

The general average reported was $91,528 and this beats the earnings of an engineer and an application developer ($89,091 and $85,637 respectively). This is the result of extensive data collection and processing carried out by Burning Glass Technologies.

Conclusion

One thing is certain, you won’t become an expert overnight. Neither is there any assurance that you’ll begin to take home millions of dollars monthly. In fact, as opposed to what the media feeds, you should tone down your expectations and be ready to go through several rough patches.

The suggestions offered here do not work like magic pills. You do not just take it and then you instantly see the results, rather, it takes time, patience, and perseverance. Keep at it, and you will be proud of the blockchain developer salary you earn on the long-run.

Have a great run!

Cryptotips
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Thomas Hughes

EOS Temporarily Becomes 4th largest Cryptocurrency by Market Cap

In the aftermath of the weekend sell-off, EOS briefly surpassed Bitcoin Cash to become the 4th largest digital currency
EOS Temporarily Becomes 4th largest Cryptocurrency by Market Cap

In the aftermath of the weekend sell-off, EOS surpassed Bitcoin Cash to become the 4th largest digital currency. However, the “flipping” was short-lived, mainly because Bitcoin Cash recovered almost 25% over the last 24 hours, while EOS posted just a 4.49% gain over the same period. Volumes remain low for both currencies, which is true for the entire market — just below $19 billion over a 24-hour period.

Charts at a Glance – EOS/USD

image

The pair continued its selloff and dropped below the previous support at 3.50, reaching a low at 3.09 on Bitfinex and 2.91 on Kraken. After the low was created, the price bounced and retraced higher, but it found resistance at the previous support, which also coincides with the middle line of the Bollinger Bands. From here, there’s a high probability of another drop that will break the 3.00 mark, headed for 2.50.

While the main outlook is bearish, the Relative Strength Index on the daily chart is oversold, which opens the door for a stronger retracement, possibly to the upper Bollinger Band. As long as a higher high and a higher low are not printed on the chart, price action favours the sell side.

Support zone: 3.00

Resistance zone: 3.50 followed by upper Bollinger Band

Most likely scenario: drop through support

Alternate scenario: choppy price action with light upside movement

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