“It’s Alt Time, Whether you Like it or Not,” Analysts on the Start of Alt Season

  • Weekends are for altcoins to make gains, this time it’s BAT, IOTA, Cardano, and EOS’s turn
  • Altcoins will continue to catch up but investors getting “picky” about cryptos

This week has been a good one for altcoins as they surged in a long time while Bitcoin remained flat around $10,000.

If we take a look at the past 7 days performance of cryptocurrency market, while Bitcoin is in the green by just over a half a percent, top altcoins, Ethereum and XRP are still up by more than 17% and 10% respectively.

Stellar (XLM) is the biggest gainer with 22.54% gains followed by IOTA which is enjoying a rise of 20.65% in its value.

Other prominent gainers in terms of 7 days performance are Cardano (13.11%), LINK (14.37%), Maker (15.46%), BAT (18.67%), VeChain (14.14%), and ABBC Coin (1884%), as per Coincodex.

Today, altcoins are in the red with a few exceptions like BAT (6.66%), IOTA (3.04%), Tron (0.66%), Cardano (1.40%), and EOS (2.96%).

“Altcoins will continue to catch up”

Bitcoin is the king of the cryptocurrency market. In 2019, Bitcoin price soared more than 160% and BTC dominance went from 53% to 73%.

But now as Bitcoin takes a breather and its dominance start dropping below 70%, it might be time for altcoins to catch up “Altcoins will continue to catch up,”

Scott Freeman, co-founder of JST Capital told Bloomberg.

“With the realization that these technologies now are being adopted, they’re starting to solve real problems, and it’s coming to fruition at some level where the value proposition of these things is being recognized more broadly.”

But have to wait for a Bit Longer

Market analyst and trader CryptoWolf says while Bitcoin is expected to trade sideways for the next few months as the trading range gets thinner with possibly of dumps, “It’s alt time. Whether you like it or not.”

However, not everyone is sold on the idea of alt-season. It could be a bull run for some of the altcoins but not a massive one, for that matter.

For Mati Greenspan, eToro’s senior analyst, it’s too soon to call it the start of an alt-season.

“People are getting a bit more picky about what they’re investing in as far as cryptocurrencies. Seems like those who’ve been waiting patiently for the emergence of a new altcoin season are just going to have to wait a bit longer.”

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Author: AnTy

New Linux Malware Mines Cryptos By Using Backdoor: Latest TrendMicro Research

For a long time, Linux users were happy to be free of most malware. Unfortunately, we have been seeing some malware focused on them lately. The latest threat was discovered by TrendMicro and it is called Skidmap.

According to the researchers, this Linux malware mined cryptos without the user knowing by using a secret master password and by masking its mining activities with fake network traffic. As CPU usage is the first red flag of cryptojacking, which is when someone remotely uses your computer to mine tokens, several tactics are employed to cover for it.

Skidmap was said to be a very complex malware, which showcases how these threats are becoming increasingly complex as time passes. Unfortunately, it was not revealed what kind of token was mined by the program.

Initially, the malware installs several malicious files and binaries and then it infects the machine in a way that starts to mine cryptos. A backdoor is also installed to let the operators have more control over the infected computer.

One of the ways in which the hackers get control over the machine is by replacing the pam_unix.so file with a fake one. This enables criminals to log in to the computer whenever they want to. Binaries are also used to monitor illegal mining in real-time and to tweak it to be even more profitable.

It was also revealed that this malware is considered harder than most to be removed, especially because it uses Kernal Module rootkits that basically rewrite some parts of the operating system to work. Because of this, it can even reinfect computers that were already clean.

TrendMicro confirmed that people should always keep their servers updated and patched as a way to escape from this kind of malware and to take care before using third-party programs.

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Author: Hank Klinger

Coinbase Crypto Exchange Fills VP Role With A Former NerdWallet COO And Likedin VP; Dan Yoo

Coinbase has recently hired another new executive. This time, the person hired was Dan Yoo, who will act as the new vice president of business in the company. He is set to replace Emilie Choi, who will continue in the company, but in another area now.

Yoo worked as Chief Operating Officer (COO) at NerdWallet before now and at LinkedIn before that, so he has a pretty big resume. Now, he will be in charge of overseeing business operations, corporate development and the data team of the company.

While he worked for LinkedIn, Yoo helped to found a number of startups. One of them was RealiaQuote, which was one of the first companies ever to offer life insurance brokerage services online.

According to him, Coinbase is a company that is driven by data, so a big part of his job will be to ensure that everybody gets the right data to make the right decisions. He also told the media that he has been interested in the crypto industry as far as 2013 and that he had a Coinbase account before he decided to join the company’s team.

Now, Yoo is focused on helping his new team. He will tie together the operations at Coinbase, which is something that he already did for some other companies before now. Yoo affirmed that he hopes to use his experience to scale the team and get them to work in a more efficient manner, therefore using the resources of the company better.

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Author: Hank Klinger

Craig Wright to Go Against Court Decision Using…Hurricane Dorian?

The Craig Wright vs Kleiman saga gets sweeter. Or not really. This time, the saga well known Australian businessman and computer scientist is appealing against a court ruling that puts half of his Bitcoin fortune at stake. Only this time he is appealing using the Hurricane Dorian as a plot to not pay the Bitcoins.

Mr. Wright aims to challenge a court decision in a ruling that went in favor of one Ira Kleiman. Ira Kleiman is a brother to the late Dave Kleiman who was a forensic computer expert until his death in 2013. Craig Wright who openly claims to have been part of the team that invented bitcoin is being sued for close to $10 billion on accounts of trying to illegally seize Dave Kleiman’s bitcoin holdings.

This was formalized by a magistrate ruling on the 26th of August last month. Magistrate Bruce Reinhart concluded on the ruling that Wright must give back 50% of the bitcoins he mined before 2014 to Kleiman estate.

Craig Wright, on the other hand, is not giving in that easily. The businessman is not just giving Kleiman estate bitcoins worth billions of shillings that easily. At the moment, the computer scientist has already filed a motion pleading for a time extension before he can challenge the court order by the judge. His complaint is that the approach of hurricane Dorian towards Florida has forced them to turn their attention towards preparing for the same.

This has, in turn, reduced their concentration and ability to work on the court matter within the given time. In a document he recently filed, he expresses his dissatisfaction towards magistrate Bruce Reinhart pointing out that he does not feel the ruling was done fairly with all matters considered.

Citing rule 72 from the Federal Rules of Civil Procedure, Wright suggests that he be given an extra 14 days in order to file his challenge against the ruling.

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Author: Lujan Odera

Chainalysis Blockchain Analysis Firm Launches First-Ever Alert System for Suspicious Crypto Transactions

Chainalysis launches the first ever suspicious real time alert system for cryptocurrency transactions – Chainalysis Know Your Transaction (KYT) alerts.

Chainalysis, a cryptocurrency and blockchain security analysis firm, announced on August 22 the launch of the first real time alert systems for suspicious cryptocurrency transactions. The system provides compliance officers and firms dealing with crypto an upper hand in detecting money laundering using digital assets.

The crypto transactions monitoring system becomes the

“first ever compliance alerts system”.

The Chainalysis KYT alert system will include over 15 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Dai (DAI, Tether (USDT) and ERC20 tokens.

The Chainalysis alert system enhances the compliance departments of companies and enterprises dealing in crypto transactions. The real-time transaction monitoring system will focus on volumes moved, a trade with a risky counterparty and any risky behavior and an alert sent to the exchange, company or business.

“Alert levels include Severe, High, Medium, and Low, and are based on factors such as category, service, direct versus indirect exposure, direction of funds, and amount.”

The platform is further customizable for your company’s risk preferences based on your policies which reduces the cost in the risk management department.

John Dempsey, VP Product, Chainalysis expressed joy at the launch of the latest system predicting the systems impact on secure crypto transactions. He said,

“As lawmakers and regulators focus their attention on the industry, it is more critical than ever that cryptocurrency businesses demonstrate compliance best practices. […] Chainalysis is investing in fast, actionable alerts to help our customers mitigate risk across cryptocurrencies.”

Chainalysis recently released a report on Bitcoin’s use in the illegal market whereby the analysis firm expects the total amount of BTC to be used to cross the $1 billion USD mark.

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Author: Lujan Odera

European Union’s Commission Branch Expresses Worry About Facebook’s Libra Monopoly Money

Facebook is having a hard time convincing regulators and lawmakers to approve its new digital coin Libra. Now that both the United States and India have presented concerns about the project, it was the time for the European Union to do it.

Antitrust regulators from the EU are currently investigating the potential that Libra has for “anti-competitive behavior”, according to Bloomberg. The Libra Association, they believe, could easily turn into a monopoly that could easily shut the doors from rivals in the industry.

While Facebook would mainly use the token, the Libra Association would reunite several major companies in the technology area which are said to join forces in order to regulate the process.

The officials from the commission are concerned that Libra may be used in order to create restrictions for the competition and that Facebook and the Libra Association will not handle customer data as well as they say they will, which is quite frankly not surprising. Facebook has quite a bad track record when it comes to protecting information from its customers.

There is an investigation going on right now in order to determine whether Facebook may use its power unfairly to weed out competitors or not. Facebook, according to Bloomberg, has declined to comment on the investigation right now.

Facebook’s Libra, in case you lived under a rock the last few months, is a sort of semi-centralized cryptocurrency that would be used by Facebook, Instagram and WhatsApp users all over the world. As its user base would be simply huge, there are several concerns about how much power Facebook and the Libra Association will have on their hands after the launch.

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Author: Denis Miriti

Binance Jersey’s Twitter and Website Was Hacked by Security Researcher; Will Collect Bug Bounty

Binance is not having a good time with hackers lately. The company, which was allegedly hacked and lost some Know Your Customer (KYC) data recently, has just seen its Binance Jersey Twitter account be hacked as well.

An anonymous user known only as @LightningNetwo9 hacked the account claims to be a security researcher. According to him, his motives were not evil, he just wanted to expose how easy it was to take over the account and show that criminals could easily do the same in this situation.

According to him, it would be fairly easy for a skilled hacker to have made a successful attack and to use the profile for phishing scams.

Right now, Binance Jersey has regained control of the profile and deleted the tweets created by the hacker. You can see the deleted links below, originally saved by Coindesk.


It looks like it was mainly someone trying to get a job because he says that he needs work and passes a profile that people should use in case they want to contact him. He also asked the CEO of Binance, Changpeng Zhao, to message him.

Binance Jersey, as you may one, is one of the branches of the crypto exchange, together with Binance Malta, Singapore and Uganda.

The case can highlight how easy it is to take advantage of social media accounts that are not very protected. In these days, you really have to protect your social media accounts very well if you work for a high-profile company such as Binance.

Binance later came back to comment to say they have awarded the white hat hacker with a bug bounty

“We were able to restore the domain name within a few minutes and the Twitter handle a couple of hours later. We will issue a security bug bounty to the white hat hacker, as well as investigate the incident further with our service provider. […] All funds on Binance.JE are safe. No data was compromised.”

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Author: Hank Klinger

Co-Creator of Tezos Intends to Donate Millions To Charity of Their Given Future XTZ Fortune

Tezos-Co-Creator-Will-Donate-Millions-To-Charity

You may remember the Tezos Initial Coin Offering (ICO). At the time, the company had one of the biggest ICOs and was able to raise $232 million USD. Kathleen Breitman, the co-founder of Tezos, has recently talked about what she will do with her part of the money.

According to her, the XTZ tokens that she owns from the event are still not on her pocked until now, but she has signed a commitment affirming that she would give 15% of them to charity. More specifically, she will donate the part of the money to Founder’s Pledge, a popular charity company.

At the moment, she still does not have the money, as her part of the proceedings were locked for some years. The money currently amounts to millions of dollars, but she affirmed that the final value of the donation will really depend on how much the tokens will be worth when they are finally unlocked.

She also affirmed that other founders should donate their tokens as well, instead of keeping them. Breitman currently has 68 million XTZ tokens (worth around $17 million USD).

Founder’s Pledge, the company that she is donating to, has the goal of getting as many entrepreneurs as possible to commit to donating to charity. According to the company, this year ICOs will raise at least $200 billion USD. If more founders were to donate, they could really make a huge difference, as most of them don’t even need all that money.

Joey Krug, the creator of Augur and a partner at Pantera Capital, has also promised to give 5% of his proceedings for the next company that the works with. According to him, cryptos are an excellent venue for charity, so this is considered by him a very interesting approach that most people are simply not considering at the moment.

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Author: Gabriel Machado

Raziel Book Review: Blockchain for Keeping Secrets and Online Wills?

Raziel Book Review: Blockchain for Keeping Secrets and Online Wills?

Raziel Book is a secret keeper that eliminates time and space limitations and helps users organize their scattered documents and information and even make beautiful memories after death. The platform derives its name from the archangel Raziel found within the teachings of Jewish mysticism.

Regarded as the Keeper of Secrets, Angel of Mysteries, and Revealer of the Rock, Raziel is described as the ruling prince of the second Heaven.

He is believed to expound the Torah’s divine wisdom and protects the ministering angels from the living creatures that uphold the universe. Raziel is set for launch in about 61 days from this writing.

Raziel Pillars

Raziel operates on the following pillars:

  • Cryptocurrency: by adding crypto payments into the mix, Raziel provides consumers with unparalleled benefits, which include simplicity, lower overall cost, security, privacy, and a greater level of control over one’s funds.
  • Security: As the first layer of security, Raziel Book uses SSL encryption on all pages when a user is logged in. SSL ensures all the data being transmitted over the internet is secure such that even if someone was eavesdropping on a wireless connection, all the data transmitted to Raziel Book remains safe.
  • Safety: the website provides a way for users to write and store letters to their friends. Each letter, when finished, will be stored securely and encrypted with a special password of the owner’s choice. No one will be able to read any of the letters when the owner is still alive.

Raziel Features

  • Family: you can send your wills online for each member of your family separately.
  • Personal Life: Raziel Book allows you to keep feelings alive with them, and send memorable messages and videos even after death.
  • Friends: You can make beautiful memories after death by setting up messages and videos even after death through Raziel Book.

How Raziel Book Works

The process of sending wills is smart and easily set up. Each user can design multiple wills and specify whom to send them to and in what manner.

For example, tell your family that you have an account on Binance via your email address then add the password here on Raziel. If the worst should happen your family will know where your funds are and will receive the password from us. This way, no one can hack your account because no one has all the information.

Raziel serves like a piece of the puzzle giving your family the missing piece to collect your funds.

  • You can upload details, images, videos, and recorded voice messages and combine them with your testament or will. Besides, you can define one or several receivers for these testaments.
  • Define Receivers: Users can define recipients in the user panel and add an unlimited number of phone call or emails. Additionally, they can add the time or period of their choice.
  • Upload Multimedia: You can upload details, images, videos, and voices to create a testament.
  • Set Your Settings: The user can set a period of time
  • Smart Death Detection: the system uses a set of logical algorithms added to our detection system
  • Periodic inquiries over time: An email will be sent to the user over a predefined time period. If the user does not reply to the email or phone calls, the system will move on to trigger your predefined settings.
  • Safeguarding: Set a trusted person as a safeguard. Raziel Book will contact this person first if the user cannot be reached.
  • Unique code: For each testament, create a Unique Code

Importantly, Raziel Book takes security seriously by using the latest technologies combined with physical storage to protect users’ data.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Bitcoin Exchange Guide News Team

Facebook’s Libra Movement Receives Backlash in Washington About Cryptocurrency Project

Facebooks-Crypto-Plan-Draws-Criticism-From-Washington

Facebook’s Libra plan has once more been criticized. This time, however, the complaints do not come from the crypto community, which is fairly negative on the whole project, but from the government of the United States.

A letter signed by over 30 influential groups in Washington was recently sent to Facebook. The letter demanded the project to be halt immediately as there were “profound questions” about the project, as reported by Bloomberg.

This letter was signed by five congressional committees’ leaders and the main point was that the regulators were simply not prepared to deal with something like the Libra project right now.

In their view, the project of the social network company would still need to address some questions and concerns before the project could be allowed to move forward and be really launched in the United States.

Maxime Walters, the House Financial Services Committee Chairwoman, affirmed that she believed that Facebook’ Libra posed a risk that was simply too big to be allowed to go forward with so many questions without a proper answer.

Facebook did not publicly respond to the letter until the time of this report.

Facebook’s Libra Will Have A Hard Time Being Regulated

If cryptocurrencies posed a huge problem for regulators who were uncertain of how to deal with them, the truth is that Libra is possibly even more troublesome, mostly because Facebook is huge. The reach of a project such as this one is unseen in history and we all know that Libra has the potential to reach even more people than Bitcoin did.

When that happens, how will the world react? Facebook has announced the Libra Association, which has companies such as Mastercard, Visa, Paypal and Uber in its ranks, but most people are still afraid that the new token could be way too centralized.

Governments such as India have already indicated that maybe Facebook’s Libra will not be welcome there, while other governments, such as the Russian, will treat it just like any other crypto.

The United States will possibly provide a good thermometer for how difficult it will be for Facebook to get approval and, so far, it does not really seem that it will be very easy. Libra is still far from its launch but the team behind the new cryptocurrency already has a lot of problems to solve.

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Author: Gabriel Machado