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The FAA Moves to Zero Trust Strategy for Preventing Cyber Attacks – Aviation Today

"There are a lot of new types of issues and challenges that cyber is presenting, and definitely changing the way that we need to do business. And thats across the entire life cycle of any system or service. We are adapting and trying to be as flexible as we can." Luci Holemans of the FAA, pictured delivering a keynote presentation at the Connected Aviation Intelligence Summit this week.

Luci Holemans, ATO Cybersecurity Group Manager at the Federal Aviation Administration, spoke about what initiatives the FAA is taking to promote cybersecurity at the 2022 Connected Aviation Intelligence (CAI) Summit in Reston, Virginia, this week. One key change is a shift to a Zero Trust architecture and focusing less on network-based perimeters as a cybersecurity strategy.

Like other U.S. federal agencies, the FAA as part of the broader U.S. Department of Transportation has been tasked with transitioning to a Zero Trust cybersecurity architecture under an executive order issued last year, although has been transitioning to this approach since 2020 when it was discussed during the 2020 FAA Cybersecurity Symposium. A basic premise of the Zero Trust architecture approach to cyber securing air traffic systems or critical infrastructure and assets managed across any industry is to assume networks are compromised and focus on the defense of a given application's data.

The FAA is exploring multiple strategies to stay ahead of a constantly changing environment and to maintain continued safety and resiliency. Its necessary, Holemans said, to take into account not only the cloud technologies embedded into this ecosystem, but also unmanned aircraft systems (UAS) and a commercial space that is taking off.

To ensure strong defenses, Holemans said, cyber needs to be integrated into our connected technology, and there must be collaboration between the government, industry, and academia. The cybersecurity environment is so dynamic that it is difficult to keep up with new challenges without collaboration, she said.

Cybersecurity has to be addressed from the start. This means considering the necessary requirements with any new system or service, and making sure that these requirements are embedded early on rather than after the system is deployed. With legacy systems, Holemans added, we ensure that we put those cyber requirements and solutions in place to maintain safety.

New cybersecurity threats and vulnerabilities are identified on a daily basis. Dealing with this environment, then, needs to include a flexible and efficient approach to finding and establishing solutions.

Acquisition, especially in a government environment, is typically pretty slow, she noted. We cant take years to address cyber issues that emerge on a day-to-day basis. How do we change acquisition processes and shorten that time frame to deploy a solution? To meet the needs of todays cybersecurity environment, a five- to ten-year-long timeline of acquisition no longer suffices; a six-month turnaround time would be more appropriate, Holemans said.

The FAAs objective is to maintain both safety and resiliency from an aviation standpoint. We are looking at cyber events 24/7, and have resources dedicated to identifying events that could potentially be cyber relatedanything perceived as a system failure, or a service issue, she remarked. We are trying to stay on top of new policies that are coming out, new executive orders.

For recent cybersecurity threats like JetBrains or SolarWinds, the reaction needs to be even quicker than a six-month timeline. When these new vulnerabilities and threats arise, they need to be addressed within weeks, not months. Taking immediate action can be a challenge in the aviation industry, however, says Holemans.

We dont change things quicklyand with good reason. You want to test things out before putting anything into the operational environment. At the same time, we try to stay ahead of [these threats].

There are more threats cropping up now than ever before in the current dynamic landscape of cybersecurity. Technological capabilities like 5G and the evolving Internet of Things (IoT) have led to increasingly sophisticated, malicious cyber-attacks against critical infrastructure and a wider range of potential threat actors.

It really widens the scope in terms of who is able to potentially do an attack, who else can then take advantage of those new technologies, Holemans explained. But were also using those same technologies to overcome these challenges.

We cant take years to address cyber issues that emerge on a day-to-day basis. How do we change acquisition processes and shorten that time frame to deploy a solution? Luci Holemans (Photo courtesy of the FAA)

The FAA is changing its cybersecurity defense strategy to depend less on network-based perimeters. Holemans shared that the agency is moving towards a Zero Trust architecture that includes authentication and segmentation of users and resources in a network as well as monitoring activity within the network. This strategy of Zero Trust aims to reduce an intruders ability to enter the operational environment. If an intruder does get through, Holemans said, the impact on other systems and services is significantly limited.

The Zero Trust strategy includes considering all requests as if they originated from an open network before verifying them. All devices and users undergo dynamic evaluation based on trust scoring. Within the Zero Trust architecture, perimeter boundaries are not eliminated but rather reduced in size. The strategy uses real-time intelligence and analytics that will enable the FAA to promptly address any anomalies.

The FAA is also evaluating multiple enterprise cybersecurity capabilities in order to protect mission critical systems. These capabilities include managed enterprise security monitoring, security enterprise asset management, centralized National Airspace System (NAS) software security management, and managed enterprise security protections.

The NAS software security management provides centralized capability for security patch and protection updates. Holemans explained further: Instead of having the different systems and programs take something thats been developed and putting it into an operational environment, weve created an environment within the operational area that allows those systems and services to get those new pieces of software where its already been tested and checked for any kind of malware.

Holemans also touched on the FAAs intentions for ensuring cybersecurity with UAS, an area that is growing rapidly. The agency is still working to determine the best way to incorporate unmanned systems into daily operations in the NAS, she said. It is more industry driven, but as UAS becomes another target, we are trying to understand how to incorporate those pieces of information into the operational environment. We are involved in some of the requirements for UAS, but in terms of monitoring it, registrations, [the FAA is] still on the outside of that.

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DDoS Protection Market Size, Scope and Forecast | Nexusguard Ltd, Dosarrest Internet Security Ltd, Imperva, Arbor Networks Corero Network Security…

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10 Email Server Security Best Practices to Secure Your Email Server – Hashed Out by The SSL Store

If youre like most businesses, its your main communication channel with customers. Here are some email server security best practices you can use right away to help create a secure email server for your organization

Imagine youre preparing for a hurricane thats coming your way (we Floridians are well acquainted with this procedure). You install straps to help make your roof more secure. You pull all your lawn equipment, furniture, and other outside items into your garage or shed. You board your windows and doors and buy lots of food and water in case youre stranded without power. But if you choose to leave your homes exterior doors open as the storm moves in, you can kiss your house and everything in it goodbye. Similarly, this is kind of what its like when companies dont bother implementing a secure email server.

Radicati estimates the total number of business and consumer emails sent and received per day will surpass 376 billion by the end of 2025. If you send emails but dont have a secure email server, then it means that any data transmitted through them is at risk of compromise. (Data is the lifeblood of your business you cant risk your sensitive info falling into the wrong hands.)

But what does it mean to have a secure email server? Lets cover 10 email server security best practices and remind you why implementing these measures is necessary to protect your business and customers.

Lets hash it out.

Much like the word secure implies, having a secure email server means that youre protecting your email domain and data from unauthorized usage. This means:

But how can you achieve these outcomes? Lets dive right into what you came to learn

The following email server security best practices list isnt a complete or comprehensive guide. However, this list provides you with a great starting place to help make your email server more secure.

A big mistake that organizations make is not taking the time to change their servers default settings and configurations. This may be because theyre in a rush or, perhaps, they dont realize just how risky it is to use the default settings. Regardless of the reason, be sure to take the extra step and change these settings.

This includes changing default login information as well. Account and password security are paramount in cybersecurity as a whole. If you use a default username and weak password combo to secure anything, its the equivalent of having the option of using a double deadbolt lock on your front door but opting to use a flimsy chain lock instead. Sure, it provides minimal security, but an attacker only needs to use a little brute force (get it?) to bust their way in and gain access to your home.

Using the default credentials (username and password) that comes with your server or software is like this. Its not secure and leaves your email server and its data at risk of theft and other compromises.

A mail transfer agent strict transport security is a verification check of incoming emails. According to Google, SMTP connections for email are more secure whenthe sending server supports MTA-STS and the receiving server has an MTA-STS policy in enforced mode.

Uh, sure. Great. But what does this mean? Basically, this is saying in laymans terms that if you have MTS-STS enabled on your organizations email server, itll only permit emails to be received via secure, authenticated connections (using TLS 1.2 or 1.3).

This helps protect your recipients against receiving unauthenticated messages sent via insecure connections (i.e., connections where someone could insert malware or modify data in transit, or whats known as a man-in-the-middle [MitM] attack).

If the senders digital identity cant be authenticated or they didnt have SSL/TLS enabled, then the message gets rejected.

Setting up a secure MTA is only part of the equation; you also need to take a few extra steps to help make your server and the inbound and outbound communications to/from it more secure.

Did you know that SSL/TLS also applies to email? Thats right, you can use SSL/TLS security to secure the communication channel of your messages. This allows you to encrypt the communications that transpire between your email server and other email servers that it communicates with. This way, no one can intercept the communications in transit.

Every time one of your employees sends or receives an email from someone, it creates a connection with that individuals email server. If that connection isnt secure, it means that anyone with the know-how can intercept that message in transit and steal or modify the data without the two original parties knowing what happened.

Of course, if youre using an email signing certificate to encrypt your email data directly (more on that later), then this serves as an additional layer of security for your communications.

Traditionally, IMAP or POP3 are protocols that are used for incoming emails (i.e., messages email clients grab from your mail server). SMTP, on the other hand, is used for outgoing emails. Be sure to set your services below to the following secure TCP/IP ports for incoming out outgoing messages:

Cybercriminals love playing dress up with companies brands and capitalizing on their reputations. Its not uncommon for bad guys to impersonate organizations as a way to carry out phishing scams. Check Point reports that the most impersonated brand of Q1 2022 was LinkedIn, which was involved in more than half (52%) of all phishing attacks they analyzed globally. In Q4 2021, Check Point said that DHL held that title, and Microsoft prior to that was the reigning champion of the title that no company wants.

Domain-based message authentication, reporting and conformance (DMARC) is an email protocol that helps to protect your domain against inauthentic usage by unauthorized individuals. The Internet Engineering Task Force (IETF) brought it into the fold as a way to help organizations protect their domains against these fraudulent usages. DMARC builds upon two other authentication protocols to ensure that only your authorized users are sending emails on behalf of your domain:

But just how popular is DMARC? Mimecast reports in their report The State of Email Security 2022 that nearly nine in 10 companies (89%) are either using DMARC or plan to do so over the next 12 months. This is according to their global survey of 1,400 IT and cybersecurity professionals from 12 countries.

Of course, you can take DMARC a step further and bring your organizations digital identity to the next level. You can do this by integrating brand indicators for message identification (BIMI) and verified mark certificates (VMCs) in your organizations email digital identity. Doing this will enable you to insert your organizations verified logo into all of your organizations outbound emails from legitimate senders.

Running an outdated or unpatched version of your servers software is a surefire recipe for disaster. Patches are a publisher or developers way to fix bugs and other issues that leave your email servers vulnerable. If you dont apply those patches in a timely manner, you run the risk of cybercriminals exploiting these vulnerabilities to gain access to your email server(s) and data.

Something youll need to choose is how you want to implement updates. Do you want to handle them manually? Do you want to explore the option of automation? Each approach has its pros and cons, but the point is that you need to ensure that updates and patches dont fall between the cracks and dont find yourself facing another Eternal Blue situation.

(Quick explanation: Eternal Blue was a vulnerability in legacy Windows systems that Microsoft issued a patch for but organizations neglected to roll out in a timely manner. The end result was hundreds of thousands of devices globally being infected by ransomware in an attack that impacted hundreds of millions of people [if not more].)

Alright, were more than half way through our list of secure email server best practices. Much like how network firewalls operate, email server firewalls filter inbound and outbound traffic based on the rules on your email server. What this does is help you to keep tabs on incoming and outgoing communications on your domain to look out for any suspicious activities.

Of course, we cant give you any specific directions about setting up rules on your email server since every system is different. So, youll need to refer to your specific firewall manufacturers site for specifics on how to accomplish this goal.

While its important to monitor your traffic, youll also want to be sure to restrict both the number of emails that can originate from your domain as well as their sizes. A spike in outbound messages could indicate that one or more of your authorized accounts could be compromised and is being used to send spam or phishing messages. Setting rate limits can help protect your domains reputation.

Weve said it before and will continue to say that not everyone needs access to everything. This is true regarding everything from customer and employee database info to privileged access to your email servers. This is where access management best practices come into play.

You can set employee profiles so that users have only the minimal level of access they need to do their jobs. If someone needs access to a sensitive system for a project, assign them permission for the amount of time necessary to complete it. Be sure to remove those privileges once that access is no longer necessary (e.g., when they complete the project).

Furthermore, be sure to have a procedure in place that ensures access is revoked for accounts when employees leave your organization. Attackers or even disgruntled former employees love to use old logins to nose around systems they should no longer have access to. You can prevent this from occurring by deactivating their accounts right away.

As an administrator, you likely use secure shell (SSH) to manage your organizations various servers. Traditionally, this requires using a username and password combination for authentication. But theres a better (and more secure) way of doing that than relying on potentially weak login credentials: you can use public-private key pairs instead.

This method of authentication involves using cryptographic keys to prove your digital identity as a legitimate authorized user. One of which is public and the other your device keeps private that proves youre you. This process enables you to authenticate easily and securely without ever having to remember a cumbersome password.

Weve talked at length about the importance of SSH key management best practices previously. To quickly recap, SSH key management is about securing your cryptographic keys as part of your SSH access management strategy and security practices. (Be sure to check out the article linked at the beginning of this paragraph for more in-depth information.)

Protecting account credentials isnt optional; its the responsibility of every individual employee and network user. Why? Because compromising users accounts is the easiest way for hackers to compromise your server. Part of this approach to hardening your organizations cyber defenses involves educating and training users on cyber security best practices.

Some of the things effective cyber awareness trainings should cover include:

To help prevent your employees especially admins and other privileged user from falling for credential phishing scams, require everyone to digitally sign their emails. By adding a cryptographic digital signature (i.e., a signature thats verified by a public CA) to your email, youre doing two big things:

You can also use these certificates to encrypt emails containing sensitive data for added measure. This process requires both parties (sender and recipient) to have email signing certificates, and for the email sender to use the recipients public key. You then use their public key to encrypt the email before pressing Send and they use their corresponding private key to decrypt the message on their end.

If this sounds complicated, dont worry all you have to do is ask the recipient to send you a digitally signed email first. This way, you have a copy of their public key readily available. Its that simple.

Frankly, there are many reasons why implementing these email server security best practices is crucial for businesses and other organizations globally. The biggest reason is that its the right and responsible thing to do. Your customers, users and other stakeholders are entrusting you to protect their data.

Second, it helps to protect your interest by keeping your data secure from prying eyes. Cybercriminals or even your competitors would love to get their hands on the digital goodies you have stored on your email server.

Here are a few other quick reasons why having a secure email server is essential for your organization:

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Putin wants to hack our elections. Here’s how we stop it – Fox News

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The biggest near-term question facing Americas national security establishment is clear: When and how will Russia use its considerable offensive cyber capabilities to retaliate against the United States for sweeping sanctions as well as military aid to Ukraine?

While its extremely difficult to predict how Russian agents may use their cyber weapons against business or even public infrastructure targets abroad, U.S. intelligence experts believe that Putins government will continue to engage in the kind of hacking and information warfare in which it has dabbled for years: attempting to interfere with our elections. We can only assume the threat is now greater than ever.

Congress and the Biden administration have a range of optionsbut only a narrow window of timeto fortify our defenses. After all, the next presidential election is just around the corner.

To be clear, theres no evidence that Russia has successfully changed any votes, altered or deleted any voter records, or interfered with any election night reporting in the United States in recent years. However, theres consensus in the U.S. intelligence community that officials under Kremlin orders have sought to interfere in our campaigns and elections. In addition to well-publicized information operations, Russian hackers actually probed elections websites in 21 U.S. states and breached some voter-registration databases.

PSAKI TELLS TIKTOK INFLUENCERS RUSSIA HACKED OUR ELECTION IN 2016

As former Director of National Intelligence James Clapper pointed out, Russian interference and disinformation campaigns were a direct response to perceived U.S. interference in Russias sphere of influence, including activities in support of Ukraines 2014 Revolution of Dignity. Beyond the partisan goals of any Russian interference operations, officials in both the Obama and Trump administrations believe that the objective has been, first and foremost, to undermine faith in Americas electoral institutions.

Thats why as policymakers debate options for defending against cyberattacks, one the most important and cost-effective ways to defend ourselves is to harden targets in our election system. Our nations leading computer science and internet security specialists and election administrators attest that America needs investments in our nations election infrastructure to better ensure security.

Over recent years, lawmakers from both parties have coalesced around a common agenda for election cybersecurity, sponsoring legislation to boost funding, improve security standards, ensure the use of paper ballots that provide durable records, and mainstream the use of risk-limiting audits to verify vote counts.

While many Democrats have been pushing for paper ballot requirements and election security funding for more than a decade, a growing number of Republicans including former President Trump have been vocal in their support for these policies. In December, the leaders of prominent conservative groups including Americans for Tax Reform, FreedomWorks, R Street Institute, James Madison Institute, and others sent a letter to Congress calling for more federal funding for election cybersecurity.

The crisis with Russia will hopefully prompt Congress to act.

A significant investment in election security grants for states would substantially harden election systems as targets. Given that the security of our elections is necessary for our entire society to function, this represents an extremely cost-effective way of defending our critical national security interests. Congress should also make a commitment to offer recurring financial support so that state and local election administrators can count on reliable federal funding when developing their election budgets.

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The Biden administration also has options for taking immediate action. Homeland Security Secretary Alejandro Mayorkas can require that a percentage of Homeland Security grants be used for election-related spending and request chief state election officials be involved grant applications. The Cybersecurity and Infrastructure Security Agency can also hire more election specialists and boost its programming to make local officials aware of opportunities to strengthen defenses.

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While Russias interest in interfering with U.S. voting is, by this point, "old news," we cant lose sight of just how devastating a cyber-attack of an election would be to the civic life of our nation. Its time that we start investing in defenses commensurate with the seriousness of the risk.

Reid Ribble is a former Republican congressman who represented Wisconsin's 8th Congressional District, and a member of the National Council on Election Integrity, a bipartisan project of Issue One.

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Cyber bosses on what it means for public agencies to be resilient – The Mandarin

Tech leaders have welcomed the appointment of a new federal minister for cybersecurity, as the Australian Information Security Association (AISA) convened in Canberra for a three-day conference on the national priority.

Dr Ian Levy has addressed the challenge of developing strategic cyber resilience, underscoring the need for data collection and a more scientific approach to monitoring it as a national capability.

On Wednesday, the boss of the UKs National Cyber Security Centre (NCSC) told a group of public sector leaders in Canberra that increasing resilience for critical infrastructure or the Internet was easier said than done, as was refining an appropriate model to address the complex risk of an increasingly digitised world.

If you increase something, you have to be able to measure it, to know that it has increased. When you define resilience [you need to ask]: resilience from what?, Levy said.

Is it resilience from somebody using a JCB to cut a cable? Is it somebody driving a truck into a metro node? Or is it resilience from the Russians getting pissed off with us because of Ukraine, and turning their winged, ninja cyber monkeys on our networks?

Its all of the above. But the way you manage those is completely different, he said.

Levy has identified five grand challenges for NCSC research teams to consider and is determined to leverage science and datasets to better measure and understand what needs to be targeted to strengthen national cyber resilience.

I want it to be driven by data about where the UK is genuinely vulnerable. There is still not enough science. We need genuinely new foundational science to make cybersecurity into something that we can all be proud of, Levy said.

We need data to help build analysis that tells us things, really high-quality information that we can use to secure the future. Its for all of us to do.

In a statement, AISA board chair Damien Manuel welcomed the prime ministers announcement that there would be a cabinet ministry position dedicated to cybersecurity.

Victorian Labor MP Claire ONeil was sworn in as the home affairs and cyber security minister on Wednesday morning.

Practically everything in the world today is heavily reliant on technology and the Internet, which is why the importance of cybersecurity has grown so rapidly, aligned with a growing number of cyberattacks on business, government and infrastructure, Manuel said.

In the most recent federal budget we saw a number of positive measures to help address this pressing issue, and we hope the new minister will expand on these commitments to further grow the nations investment in cyber security capability.

Manuel, who is also Deakin Universitys Cyber Research & Solution Centre director, said the threat of a cyberattack was relevant to defence as well as Australian business, communities and the economy. Across the small businesses, health and education sectors, he said, AISA believed greater investment in cyber resilience was needed.

More government work was also required to promote open data regulations and greater transparency in Australia, Manuel added. This would help to deliver data for social benefits and to better inform government policy decisions.

Solving the cybersecurity challenges requires working together across governments, industry and the community, Manuel said.

We are also keen to see greater activity in the area of privacy and the protection of our digital identities as we leverage data analytics and digital systems to reduce consumer friction points, in the move to reduce life admin and focus on living.

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NSW to establish cyber hub under new strategy

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Will Bitcoin and Altcoins Bottom Together in This Cycle? Veteran Analyst Shares His Views – U.Today

Vladislav Sopov

Altcoin Psycho, legendary anonymous trader and advisor at Sino Capital, shares uber-bearish prediction for altcoins holders

A cryptocurrency analyst who goes by @AltcoinPsycho is certain thatwe do not need to rely on the previous performance of Bitcoin (BTC) and altcoins in the descending phases of cycles.

Mr. Altcoin Psycho is sure that this cryptocurrency cycle will be different fromall previous ones. Typically, after a potential Bitcoin (BTC) bottom, traders moved liqudity to altcoins.

By the way, this cycle is a special one: after Bitcoin (BTC) bottoms, alts will have greatroom for further plummeting. This should be attributed to an upcoming wave of tokenunlocks.

New unlocks will provoke additional selling pressure on altcoins: newcomers and their long positions will be decimated. As such, it is betternot to try catching falling knives in this cycle.

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The next cycle will be more brutal in theseterms, Mr. Altcoin Psycho concludes.

Also, this cycle lacks consensus on what the bottom is: Bitcoin, Ethereum, altcoins and market capitalization will mostlikely reach the bottomin different times.

Thus, the Bitcoin (BTC) bottom might only signal the start of the altcoindrama. The analyst highlights that some of the mainstream altcoins realized less than 10% of their inflation curves. This means that new coins will be released to market participants.

However, opening short positions on this market might be farmore dangerous than "being sidelined in cash," the analyst adds.

As covered by U.Today previously, the Bitcoin dominance ratio (BTC.D) revisits multi-month highs and is inching closer to the critical 50%level.

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Crypto Analyst Says Bitcoin Capitulation Imminent, Updates Outlook on Ethereum, Solana and One More Altcoin – The Daily Hodl

A closely tracked crypto strategist who continues to build a following with his bearish calls says it is almost time for leading digital asset Bitcoin (BTC) to ignite another huge sell-off event.

Pseudonymous trader Capo tells his 323,500 Twitter followers that demand for Bitcoin at $28,000 is nearly exhausted as BTC bears continue to stack massive sell orders above $29,000.

Thats 5,000 BTC there. Demand is gone. When $28,000 is tested again, we could see bulls capitulation.

Capo also highlights that Bitcoin has now tested support around $28,000 seven times in a little over two weeks, suggesting that the key level is poised to collapse.

BTC. Its time.

Capo previously predicted that Bitcoin will likely bottom out between $23,000 and $21,000.

At time of writing, Bitcoin is changing hands for $28,988.

Looking at top altcoin Ethereum, Capo warns that should ETH take out support at $1,700, it can plummet to as low as $1,000.

ETH.

At time of writing, ETH is valued at $1,779.

Next up is fellow smart contract platform Solana, which Capo says is at risk of losing half of its value if it takes out support at $40.

SOL. $20-$25 key support.

Solana is currently valued at $42.08.

Capo is also keeping a close eye on THORChain (RUNE), a decentralized exchange protocol. According to the crypto strategist, RUNE has broken below its diagonal support and is now en route to his target at $1.79, which is nearly 30% below its current price of $2.50.

RUNE.

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Crypto Analyst Says Bitcoin Capitulation Imminent, Updates Outlook on Ethereum, Solana and One More Altcoin - The Daily Hodl

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According To A Top Trader One Under The Radar Altcoin Will Arise As The Winner Of The Terra (LUNA) Crash – The Coin Republic

Following the collapse of Terra (LUNA) and its algorithmic stablecoin TerraUSD, a closely followed trader has named one cryptocurrency that he believes will emerge as a huge winner (UST). Pseudonymous trader Light claims that Tron (TRX) and its algorithmic stablecoin Decentralized USD (USDD) are prepared to fill the void left by Terras collapse to his 160,600 Twitter followers.

Due to Trons new drive into the algorithmic stable region and a 30% yield on USDD, TRX has shown critical relative strength, getting back to its March highs in a climate where 99 percent of alts are down 50% or more. Winners win in bear markets. Tron, a cryptographic money that was made fully intent on filling in as a decentralized stockpiling and circulation network for virtual entertainment and computerized diversion content, has as of late moved concentration to imitate the relationship existed among LUNA and UST before their end.

According to Justin Sun, the founder of Tron, USDD will be issued in a decentralized manner, tethered to the underlying asset, TRX. Users and arbitrageurs can send one USDD to the system and receive one US dollar worth of TRX when the USD price is lower than one US dollar.

Clients and arbitrageurs can contribute one US dollar worth of TRX to the decentralized framework and get one USDD when the USDD cost is higher than one US dollar. Regardless of market volatility, the USDD protocol will use correct algorithms to keep USDD stable at 1:1 versus the US dollar in a decentralized manner.

Because the algorithmic stablecoin has a market valuation of only $534 million, Light believes the current status of TRX and USDD gives chances to traders and investors. The crypto dealer likewise cites a tweet from Tron maker Justin Sun, who guarantees that the USDD has a $10 billion screen at the Tron DAO Reserve.

ALSO READ How do Silent Payments increase more privacy in Bitcoin blockchain transactions?

Traders have initiated the process of transferring their TRX to the system, according to Light. Dealers have started moving their TRX to the framework to coin USDD, as per Light. USDD mining resumed this weekend after the market-wide capitulation, sparking a significant drop in centralised exchange balances of TRX as it is withdrawn to mint USDD.

TRX has a history of outperforming other crypto assets during bear markets, according to the prominent trader. During periods of bad market circumstances, when a few names soak up the lions share of speculative flows, Tron has a history of pumping. The risk/reward ratio of backing a resurgent Justin Sun, who sees potential in the Do Kwon void, is favorable. Tron is currently trading at $0.08, up more than 14% from its seven-day low of $0.07.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

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According To A Top Trader One Under The Radar Altcoin Will Arise As The Winner Of The Terra (LUNA) Crash - The Coin Republic

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Bitcoin Dominance Increases! Whats In Store For Altcoins This Weekend – Coinpedia Fintech News

Although the global cryptocurrency market has been volatile in recent days, forcing cryptocurrencies like Terra (Luna) to lose all value, Bitcoin has remained relatively stable.

On May 27, the Bitcoin Market Dominance index, which compares BTCs market capitalization to the rest of the cryptocurrency market, hit a new high of about 47%, the highest since October 2021. Here are possible reasons why traders are fleeing the altcoin market in search of safety in Bitcoin.

The largest altcoin by market cap, Ethereums native token Ether (ETH), has shown continuous drops in market domination in the last five months, falling from 22.38 percent in December 2021 to 17.86 percent in May 2022. The drop follows a two-year rise in which ETH/BTC increased by more than 200 percent between September 2019 and December 2021.

In recent years, Ether has outperformed Bitcoin, owing to the excitement surrounding its long-awaited protocol upgrade, dubbed the Merge, which aims to make Ethereum more scalable and less expensive.

However, the upgrade, which attempts to convert Ethereums blockchain from proof-of-work to proof-of-stake (a counterpart known as Beacon Chain), has been delayed several times.

According to OxHamZ, an independent market analyst, Ethereum lacks narratives to push ETHs price upward following the Merge update, as investors have already priced in the network upgrade hype.

Whats the narrative to own ETH after the merge?

All KPIs are down

Active wallets stagnantNFT hype deadLP trading volumes trending poorly Liquidity shrink in stablesL2 cannibalization growing (h/t @TaschaLabs)

ETH is down 50% but the value of its block-space is also down

The fall of the Terra (LUNA) market looks to have contributed to Bitcoins newfound crypto market strength. In May, the value of LUNA/BTC, a financial instrument that measures the Terra tokens power against Bitcoin, plummeted 99.99 percent to 0.00000004, rendering it virtually worthless.

Meanwhile, LUNA fell in value against the dollar, fueling speculation that traders were selling the token in favor of BTC and cash.

The altcoin market as a whole, which includes everything from large-cap blockchain projects to questionable crypto assets, has dropped roughly 65 percent since peaking above $1.7 trillion six months ago.

A closer look at several tokens reveals that, unlike Bitcoin, the majority are down over 80% from their all-time highs, indicating a general investor shift away from altcoins and toward cash, stablecoins, or BTC.

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Litecoin Price Predictions: Where Will the LTC Crypto Go Amid Altcoin Pain? – InvestorPlace

Litecoin (LTC-USD) price predictions are a hot topic today as crypto investors wonder where LTC is heading as altcoins suffer on Friday.

Its not just altcoins that are having a rough time of it today. The entire crypto market is dealing with a slump. Leading that is Bitcoin (BTC-USD) and Ethereum (ETH-USD) dropping today. The two major cryptos taking a beating often result in other cryptos falling as well.

All of this comes during a hectic year for cryptocurrency. A major crash earlier this year sent the prices of cryptos plummeting and they havent fully recovered just yet. Now, some are starting to wonder if they ever will with the continued volatility in the space.

Keeping all of that in mind, lets take a look at what experts are expecting from Litecoin over the next year!

Considering that LTC is trading for about $62.38 as of this writing, those price predictions arent looking bad for Litecoin. However, none of them expect to to come close to its all-time high of $377 per token reached roughly a year ago.

LTC is down 3.5% over the prior 24-hour period as of Friday afternoon.

Crypto traders looking for more of the latest news are going to want to stick around!

Weve got all the hottest crypto news that traders will want to read about for Friday! A few examples include STEPN(GMT-USD) price predictions, an ETH update, and the latest on stablecoins. You can read up on all of this at the following links!

On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

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