Elite Hackers Are Using Coronavirus Emails to Set Traps

Plus: A Comcast blunder, a Clearview AI lawsuit, and more of the week’s top security...

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Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify
Mar15

Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify

Despite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI). Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme Court Verdict Allows Cryptocurrency Some Major...

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With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30%
Mar15

With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30%

Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. Grayscale’s trust has been one of the longest-running FINRA approved investment vehicles with bitcoin assets under management. On Feb. 5, GBTC shares climbed more than 10% that week and investors were also paying a 20-30% premium. Since then and after the market downturn on Thursday, GBTC shares are down 45% from $11.52 to...

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Crypto Networks Stress Tested During Bitcoin’s Wild Week
Mar15

Crypto Networks Stress Tested During Bitcoin’s Wild Week

Crypto valuations haven’t been the only casualties of this week’s market crash; crypto networks have also felt the strain. As onchain activity has ramped up in response to the market slump, fees have soared and the mempool filled on the BTC and ETH chains. Other crypto networks have operated smoothly, however, despite the pandemonium. Also read: Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike,...

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Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike, Futures Slide
Mar15

Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike, Futures Slide

Digital currency markets have been consolidating since Thursday’s massive price drop after more than $90 billion was erased from the cryptoconomy. Crypto markets saw some brief gains on Friday but prices have been meandering just above current support levels. At the moment, traders and crypto proponents face uncertainty amidst the ongoing coronavirus scare and economic fallout. Also read: The 35 Most Influential Bitcoiners...

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