Bearish news

A market condition characterized by falling prices.

World latest news

Fancy Bear’s LoJax rootkit has been foraging since late ‘16

The lethal LoJax malware thought to be the handiwork of hacker group Fancy Bear (APT28) came to light only this past May, but most likely had been wreaking havoc since late 2016, reported Netscout researchers from Arbor’s Security Engineering & Response Team (ASERT). With a name derived from the LoJack solution to track stolen cars and later adapted by Absolute Software for laptop recovery, LoJax has been described as “unkillable” because the rootkit is left on a computer even after OS reinstalls and hard-drive replacements.   “In some cases, replacement maybe cheaper than repair,” researchers from Netscout Threat Intelligence, who asked for anonymity, told SC exclusively. “Finding ‘unkillable’ malware in general is also fairly rare, in part because such malware is generally used against high-value targets and because it is only effective so long as it remains hidden.” The good news is that this type of malware and operation “doesn’t scale well to a massive, global campaign,”believes the Westford, Mass.-based security solutions firm, which surmises that Lojack was likely being used to establish persistence on victim computers, but the larger implications for Lojack’s specific use could be to track the movement of equipment or personnel around the globe. Asked whether Is LoJax is indisputably the handiwork of Fancy Bear, Netscout Threat Intelligence replied: “There is rarely complete certainty in attribution, but there is substantial evidence that this is the work of Fancy Bear.” A direct link also can be made from the Fancy Bear operations to the Russian government, an assertion also made by the FBI in recent indictments, it noted. Netscout said it found infrastructure overlap between Lojack and known Fancy Bear domains, some of which were used for phishing. “The victims that we are aware of is of geopolitical interest to Russia and falls in line with Fancy Bear’s historical targeting.”  Since its initial LoJax discovery eight months ago, Netscout conducted additional research into “infrastructure we believe Fancy Bear (APT28) operators use as part of their toolkit,” Netscout said. “We created fingerprints that enabled us find additional LoJax servers using our ATLAS collection platform.” The new research identified multiple active LoJax servers, whose IPs had been uncovered by ASERT’s collection platform, as well as published by other researchers. It also found suspected corresponding C2 domains, some of which have not been previously seen in LoJax. “Since exposing the use of LoJaxin May 2018, security researchers proved Fancy Bear used it as part of an UEFI-based rootkit in September of 2018, making LoJax resilient to hard drive replacements and Windows OS re-installs,” Netscout explained. (UEFI is an abbreviation for Unified Extensible Firmware Interface, a specification that defines a software interface between an operating system and platform firmware.)Commenting on the latest LoJax revelation, a poster with a Guy Fawkes mask on the U.K. online forum The Register, cast aspersions by quipping: “Low-profile and discrete (sic) activity over a few years sounds like a government operation to me.” The post Fancy Bear’s LoJax rootkit has been foraging since late ‘16 appeared first on SC Media.
SC Media

BitPay Sets New Company Records, in Spite of Crypto Bear Markets

Blockchain payment platform BitPay has announced that 2018 has been their most profitable year, having “processed over a $1 Billion again in payments and set a new record for transaction fee revenue.”In a statement, BitPay CEO Stephen Pair said, “To process over a $1 Billion for a second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.” 2018 was a particularly fraught year for the crypto space, as prices saw a steady decline. Nevertheless, BitPay was able to show positive expansion, which it credits in part to “new customers like Dish Networks, HackerOne, and the State of Ohio.”“The adoption of support for Payment Protocol wallets has made a big difference for our merchants,” added Sean Rolland, head of product of BitPay. “Merchants are now able to easily accept Bitcoin payments in a simple easy way without any support issues. This was our biggest request by our enterprise merchants.”One of the oldest, still-active companies in the space, having been founded in 2011, BitPay made upgrades to their system through 2018. It set “a record for reducing payment error rates,” from 8 percent to only 1 percent, as well as adding “settlement support for Bitcoin Cash and stable coins from Circle, Gemini, and Paxos.” Nevertheless, the company is still primarily focused on Bitcoin, and this strategy has continued to pay out dividends despite the fluctuations of the market. At a time when crypto companies are reporting series of layoffs, BitPay both “grew headcount by 78% in 2018” and also “raised $40 Million in Series B funding bringing its total raised capital to over $70 Million.” This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Bitcoin [BTC/USD] Technical Analysis: Bears take back the bull’s kingdom

Bitcoin has been stuck in the $3,600 range for over a week now, even as there were huge price drops and rises in the smaller time frames. The current price of Bitcoin, at the time of writing, was at $3,628 and the market cap was at $63.44 billion. The 24-hour price change was negligible, but the 24-hour trading volume was $5.23 billion, and most of the trading volume was contributed by BitMEX exchange via the BTC/USD pair. 1-hour Source: TradingView The uptrend for Bitcoin in the one-hour time frame extends from $3,498 to $3,571, while the downtrend extends from $4,025 to $3,599. The support at $3,578 was being tested at the time of writing. The resistance range at $3,919 to $3,944 for Bitcoin. Even in the one-hour time frame, the prices were far from being tested any time soon. The Parabolic SAR markers have formed above the Bitcoin’s price candles, indicating a bearish pressure. The MACD indicator shows that the lines are convoluted and shows no clear indication for the Bitcoin market. The Awesome Oscillator shows a bearish crossover playing out as the bars are hanging below the zero-line. 1-day Source: TradingView The one-day chart shows an uptrend that extends from $3,184 to $3,514, while the downtrend extends from $9,800 to $4,004. The support at $3,183 has been tested on December 14, 2018. The resistance lines at $7,359 and $9,075 are holding steady as prices have yet to rise. The Aroon indicator for the one-day chart shows a decrease of the downtrend, as well as the uptrend gradually. Observing closely, it can be noticed that the uptrend is declining faster than the downtrend. The Stochastic indicator shows a bullish crossover as well. The Chaikin Money Flow indicates that the money that is flowing out of the Bitcoin market is far more than the money that is being poured into the market. Conclusion The one-hour chart shows bearish signals for Bitcoin in the one-hour time frame as indicated by SAR, MACD and AO indicators. The Aroon, Stochastic and the CMF indicate that the longer time frame for Bitcoin is also bearish. The post Bitcoin [BTC/USD] Technical Analysis: Bears take back the bull’s kingdom appeared first on AMBCrypto.
AMBCrypto

Ethereum [ETH/USD] Technical Analysis: Coin continues to linger in bear’s realm

The whole cryptocurrency market has been lingering in the bear’s realm recently, with most of the coins pictured suffocating in its hostile environment. Notably, even the top currencies are struggling to keep up their pace in the current situation. According to CoinMarketCap, at press time, Ethereum was trading at $122.40, with a market cap of $12.78 billion. The trading volume for the cryptocurrency is registered to be around $2.67 billion, and the coin has plunged by over 14% in the past seven days. 1-hour Ethereum one-hour chart | Source: Trading View In the one-hour chart, the coin registers a sharp downtrend from $149.95 to $129.38. It records another downtrend, from $129.38 to $124.91 and further down to $121.99. The uptrend for the coin is outlined from $114.35 to $117.95 and $117.95 to $119.81. The immediate resistance for the cryptocurrency is at $124.92 and the strong resistance is at $129.40. The coin has found its immediate support ground at $117.93 and the strong support is at $114.29. Parabolic SAR is showing that the coin in the bear’s grip as the dots have aligned above the candlesticks. Chaikin Money Flow has the coin suffocating because of the bear as the money has started to flow outside the market. Bollinger Bands are forecasting a less volatile market for the coin as the bands are pictured close to each other. 1-day Ethereum one-day chart | Source: Trading View The one-day chart demonstrates a steep downtrend from $499.01 to $155.91. The uptrend for the coin is laid out from $83.74 to $115.61. The immediate resistance for the coin is at $128.46 and the strong resistance is at $219.33. The immediate support is placed at $114.43 for the coin and the strong support is at $82.79. Klinger Oscillator is forecasting a longer bearish market as the reading line is placed below the signal line after a crossover. MACD is also forecasting a bearish wave as the moving average line has found shelter below the signal line, soon after a crossover. RSI is showing that the buying pressure and the selling pressure for the coin are currently evened out in the market. Conclusion The coin is engulfed in the bear’s realm with barely any escape points. Additionally, the bear is seen ruling the market with Klinger Oscillator, and MACD from the one-day chart and Parabolic SAR, and Chaikin Money Flow as its advisors. The post Ethereum [ETH/USD] Technical Analysis: Coin continues to linger in bear’s realm appeared first on AMBCrypto.
AMBCrypto

Bitcoin Price Analysis: Another Bearish Flag Pattern In Play

Reaction to the short-bearish flag pattern could send Bitcoin back below $3,500. Bitcoin volatility is still high even as the market stays stable. The market has been stable since the devastating drop last week. However, Bitcoin volatility is still high. The asset succumbed to another drop on Tuesday this week where after it was rejected from $3,680. The bullish flag pattern we explored in the price analysis then failed to breakout ...Full story available on Benzinga.com
Benzinga

Longest Bear Market in Crypto History?

In just 30 days, cryptocurrencies will have entered their longest bear market in history, according to Ran NeuNer, host of CNBC’s Cryptotrader show. The frenzied selloff since early 2018 has delivered a beat down to retail traders, hedge funds and long-term crypto holders. However, for one small corner of the market, business is thriving. Bear […] The post Longest Bear Market in Crypto History? appeared first on Hacked: Hacking Finance.
Hacked
More news sources

Bearish news by Finrazor

ESSENTIAL

Here is an overview of the mechanics of cryptocurrency trading, the disclosure of useful terms used to describe market conditions, such as bearish and bullish, long and short positions and etc., as well as the explanation of different types of trading.

Read more

Trending

Hot news

Hot world news

Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
Ethereum World News

BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
Bitcoin Central
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.