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Lock down home workers with a mix of tech tools and policies – SC Magazine

A woman in Italy works from home in streaming contact with a colleague. CurrentWares Neel Lukka says organizations need a solid mix of tech tools and policies to keep these work-from-home employees secure and productive. (Photo by Salvatore Laporta/KONTROLAB/LightRocket via Getty Images)

Security pros face unending attacks and challenges as they try to maintain business continuity while employees work-from-home. Now that the majority of the staff works beyond the network perimeter, the escalating threats are real, driving opportunistic threat actors to ramp up their phishing efforts. For example, Google found earlier this year that 18 million phishing emails per day directly reference COVID-19.

Faced with these attacks, here are five ways security pros can deploy a mix of tools and policies that bolster security and mitigate the vulnerabilities that come with remote work:

If employees use mobile devices, they may not always actually work-from-home. Remote workers can potentially access the corporate network from unexpected off-site locations that may send false flags to security teams accustomed to using anomalies as indicators of compromise. The high degree of variability and reduced visibility associated with remote workers makes verifying the authenticity of their logins much more difficult.

Identity and access management (IAM) products that support dynamic risk-based authentication can increase or decrease the degree of authentication measures required based on the risk level of each session. Dynamic authentication ensures that security measures do not cause undue productivity bottlenecks while simultaneously offering the assurance that higher-risk sessions with unexpected variables are valid.

Passwordless authentication such as the Universal Second Factor (U2F) standard will further secure the network against the threat of compromised credentials. U2F supports hardware keys with public-key cryptography authentication, such as the YubiKey. Requiring the use of a hardware key for high-risk sessions protects against man-in-the-middle attacks and ensures that attackers cannot access the corporate network without having direct access to the hardware key.

Security pros need to provide employees remote access to the data they need to do their jobs without introducing a clear path for threat actors to infiltrate the network.

Virtual private networks (VPNs) offer stay-at-home workers an encrypted connection to the corporate network and enterprise cloud services from their off-site endpoints. This helps mitigate against threat actors that may attempt to intercept communications from remote endpoints.

Once a session gets validated, its important to ensure that stay-at-home workers are given least-privilege access. A privileged access management (PAM) product manages conditional data based on the needs and risks of each employee and the context of their session. A PAM also offers security teams a way to readily manage user privileges, including revoking local admin rights to protect against privilege escalation attacks. Once data gets accessed by the endpoint, data loss prevention (DLP) software offers an added layer of security by ensuring confidential data gets protected against transfers to USB devices and uploads to unauthorized cloud storage accounts.

If an endpoint device gets compromised, even an encrypted connection through a VPN can offer threat actors a vector for an attack. Security pros need to consider a zero-trust network security framework to protect networks against higher-risk remote workers.

Network access control (NAC) products can perform a health check on the endpoints of stay-at-home workers before they connect to the corporate network. This health check ensures that the endpoints meet minimum security requirements, such as up-to-date security patches, prerequisite security software, and an approved internet connection.

When problems are discovered, the NAC can also perform remediation tasks, such as directly installing patches or alerting users to the steps needed stay compliant with the networks security policies. The remediation capabilities of a NAC are particularly valuable for securing a remote workforce with a bring-your-own-device (BYOD) policy. It can ensure patches without needing to directly install a patch management client on personal devices.

Many businesses will use a hybrid cloud model that combines cloud-based applications with on-premises IT infrastructure. Security teams must adequately monitor and manage these systems to ensure they are accessed by legitimate users and that any available data does not get mismanaged.

Security teams can also use a cloud access security broker (CASB) to gain greater visibility into how cloud data gets shared and used. CASBs offer additional security controls, such as data leakage monitoring, IAM, and single sign-on (SSO) tools. Security teams can use monitoring logs offered by CASBs to identify suspicious indicators of compromise or signs that remote workers are engaging in high-risk behaviours on cloud servers.

Network monitoring and management tools such as security information and event management (SIEM) software helps security teams bolster network visibility even when unmanaged devices connect to the network. A SIEM will alert security teams to data exfiltration attempts and offer digital forensics in the event that they need to investigate the cause of a data breach.

Its always challenging to maintain a security-conscious workforce, even under normal circumstances. For distributed teams with remote workers, its further exacerbated by the false sense of security in a home environment. Workers may feel safe at home, but the attackers continue to leverage worries around COVID-19 in their phishing and social engineering campaigns. Offer stay-at-home workers a clear channel where they can voice security concerns and receive clarifying information regarding their responsibilities, risks, and expected behavior.

In the event that stay-at-home workers use company-provided devices, security teams can use monitoring software to collect endpoint usage data that informs them of any high-risk behaviors that workers are engaging in, such as unsafe web browsing and the use of shadow IT. This data can help with ongoing cybersecurity training, consistent remediation to address high-risk behaviors, and messaging that focuses on their individual data security responsibilities.

Security teams need to categorize employees according to their level of risk and pay special attention to employees that are in higher-risk categories. They should give priority monitoring and data security management to remote employees that have a direct connection to sensitive data and elevated user privileges. Organizations need to offer tailored training and resources that stay-at-home employees can use to mitigate the unique security risks of a home network. Make them aware of the risks around default network credentials, IoT devices, lax cybersecurity hygiene, phishing, and other security vulnerabilities that they may not have previously encountered when working in the office.

Many of the challenges security teams face in managing remote workers stem from the lack of visibility for unmanaged devices and the off-site accessibility requirements of a remote workforce. Security teams can address these issues with network-level monitoring and management tools, channels for secure remote file access, robust authentication and authorization and increased cybersecurity training. Its a tough challenge, but with the right mix of tools and policies, security teams can get the job done.

Neel Lukka, managing director, CurrentWare

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Micron’s Cautious Sales Outlook Is Worth Taking Note Of – RealMoney

A week after NAND flash rival Western Digital (WDC) issued light guidance for calendar Q3, Micron (MU) is tempering expectations for its November quarter.

Micron closed down 4.8% on Thursday after CFO Dave Zinsner said during a Q&A session with KeyBanc Capital that Micron now thinks its November quarter (fiscal first quarter) revenue will be below an informal guidance range of $5.4 billion to $5.6 billion. The guidance range was roughly based on Micron's May quarter revenue ($5.44 billion) and what the company's August quarter guidance would be around if the quarter didn't have an extra week.

It's worth noting here that many analyst estimates for Micron's November quarter were -- after the company delivered better-than-expected results and guidance in June -- above its preliminary guidance range. Going into Thursday, the FactSet revenue consensus for the quarter stood at $5.75 billion.

Also: While Micron is reiterating August quarter revenue guidance of $5.75 billion to $6.25 billion, Zinsner says the quarter is now looking "more back-end loaded" than originally expected. Among the reasons given for this: Uncertainty among customers regarding their memory needs; more product qualifications than usual happening towards the end of the quarter; and supply constraints related to the fact that some end-markets have been stronger than expected (while others have been weaker than expected).

Interestingly, Zinser said that while demand from cloud server clients "continues to be healthy," second-half sales to them will probably be below first-half sales, which were up strongly as COVID-19 helped pull forward demand. Those comments follow remarks from Western Digital about how cloud service providers are "going into a digestion phase," as well as ones from DRAM and NAND rival Samsung about inventories being high among server memory buyers.

Zinser also said that enterprise server demand is "clearly weak." That remark isn't too surprising, given recent guidance and commentary from the likes of Cisco Systems (CSCO) , Intel (INTC) and Seagate (STX) .

Regarding mobile memory demand, Zinsner was upbeat about strong 5G phone shipment growth -- also a boon for the likes of Qualcomm (QCOM) , Skyworks (SWKS) and Qorvo (QRVO) -- and its positive impact on smartphone DRAM content, particularly within lower price tiers. But he did caution that Chinese phone OEMs have inventory to work through, after stockpiling inventories in recent quarters.

On the whole, Zinsner's November quarter commentary wasn't a total shock, in light of what some peers and customers have shared over the last few weeks. And though a lot could depend on how macro conditions trend, it's worth noting that Zinsner reiterated Micron remains upbeat about 2021 cloud and mobile memory demand.

But at a time when The Philadelphia Semiconductor Index is up 19% on the year, and companies like AMD (AMD) and Nvidia (NVDA) are up far more than that, the remarks are another sign that some chip end-markets appear to be softening a little right now.

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Thales expands technology partner ecosystem to accelerate enterprises’ cloud and digital transformation initiatives – CRN.in

Thales has unveiled an expansion of its data protection ecosystem to more than 300 technology partners.Through these expanded technology integrations, which now include more than 500 IT products and services, Thales is enabling more organisations to integrate its data encryption, hardware security modules, key management and access management technologies with their existing IT infrastructure and cloud services to protect applications, data and identities.

This will empower organisations to implement centralised data protection and access management controls for the whole customer journey.

The use of the cloud and digital transformation is now the cornerstone of any modern company, said Sebastien Cano, Senior Vice President for Cloud Protection and Licensing Activities at Thales. Vitally though, those that are truly leading the way are doing so by integrating security by design into their processes from the start. By integrating our data protection products and services with hundreds of technology partners, we can ensure customers and their sensitive data are protected throughout their entire transformation journey and remain at the forefront of their industries.

Thales is collaborating with leading companies that are driving the adoption of Blockchain technology by integrating its Luna Network Hardware Security Modules (HSM) as the root of trust to secure blockchain-based transactions. Recently, Thales integrated its Luna Network HSM with CLS Group a dedicated crypto processor that is specifically designed for the protection of the crypto key lifecycle and Hyperledger a multi-project open source collaborative effort hosted by The Linux Foundation, created to advance cross-industry blockchain technologies.

Today, organisations on average use 29 cloud services for their collaboration, computing, customer relationship management and storage needs. Thales is helping companies secure the move to the cloud with cloud key management and access management solutions that integrate with the most widely used cloud platforms and services including AWS, Azure, Box, Office365 and Slack.

Thaless SafeNet Trusted Access enables organisations to modernise their IT and Identity and Access Management (IAM) schemes, as part of their cloud transformation initiatives. For example, integrations with IGA vendors such as SailPoint enable secure identity governance and identity management workflows; Security for privileged users is achieved by securing PAM solutions such as BeyondTrust, at the access point; and continuous authentication and access control is enabled by working with CipherClouds CASB solution.

While organisations are rapidly adopting cloud services and moving infrastructure to the cloud, the majority are maintaining hybrid IT environments. One of the key challenges they face in doing so is bridging between modern and cloud IAM schemes. To this end, SafeNet Trusted Accesss integration with F5 BIG IP enables enterprises to implement smart SSO for cloud services while securing on premises legacy applications.

Data and applications are fast becoming the lifeblood of any organisation, no matter the industry, said John Morgan, VP & GM Security at F5. For any customer to truly take advantage of this digital transformation, applications and their underlying data must be secure. By joining the Thales partner ecosystem, we are continuing our long history of collaboration to help customers achieve positive business outcomes through secure digital transformation.

Digital certificates play an integral role in DevOps workflows, securing authentication across users, devices and applications. The secure identities and certificates establish trust within enterprise infrastructure, pipeline, code and containers. Thales has expanded its DevOps technology partners to include Red Hat, HashiCorp, Kubernetes, VMWare Tanzu, Docker and Google for secure DevOps to enable customers to realise the benefits of automation, scale, & cloud native applications and digital transformation.

In order to secure, manage and authenticate the billions of identities that will be created with the Internet of Things, Thales has recently expanded integrations for its HSMs, Data Encryption and Key Management solutions with leading providers of IoT security solutions such as Cisco, Microsoft, DigiCert, Sectigo, GlobalSign, KeyFactor and Venafi to help organisations secure the billions of identities that will be created over the next few years.

Code signing has emerged as an essential ingredient to doing business for virtually any organisation that distributes code to customers and partners. Code signing verifies who the publisher of a specific set of code is and attests that it has not been modified since it was signed. Certificates delivered along with software that has been signed are a key way for users to determine whether software originates from a legitimate source before installing. Today, many software marketplaces, including mobile app stores, require code to be compliant with specific digital signing requirements.

One of those mandates is for applicants to generate and store their private key using a FIPS 140-2 Level 2 certified hardware solution. This can be a Hardware Security Module (HSM) that protects the identity, whether it is the server, virtualization server or the user. Thales HSMs take the security one step further by storing the signing material in a hardware device, thus ensuring authenticity and integrity of a code file. Thales code signing partners include Adobe, DigiCert, Garantir GlobalSign, Keyfactor, Microsoft and Venafi.

If you have an interesting article / experience / case study to share, please get in touch with us at editors@expresscomputeronline.com

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How the tethered cloud enables IoT, Business News – AsiaOne

Schneider Electric From the very first cloud platforms located around a small handful of locations, cloud giants have since diversified their cloud deployments around the world.

From Singapore, Malaysia, Indonesia, South Korea and Australia, cloud regions for most of the top public cloud players have been established in multiple countries in the Asia Pacific region.

But as enterprises demand better performance in the form of speed, availability, and capacity, having more cloud regions alone is no longer enough. Cloud providers are now extending their cloud to what Steven Carlini of Schneider Electric dubbed as the "local edge" with a tethered cloud approach.

The latter revolves around delivering on-premises capabilities around relatively easy basic functionality that is easy to deploy but still have decent ROI.

"This would increase speed, lower costs, and allow businesses to keep data within their own four walls, giving them greater control over that information and complying with data regulations where applicable. The goal for the local edge versions is to use the same tools, application programming interfaces or APIs, hardware, and functionality across their local edge cloud and the central clouds," Carlini wrote.

Examples of tethered clouds range from Microsoft's Azure Stack which sees Microsoft providing the cloud software while partners such as Schneider Electric and HPE provide the physical solution such as servers and enclosures.

On its part, Google Anthos provides a platform based on software containers and Google Kubernetes Engine (GKE). This runs in a virtualised environment on a standard enterprise-grade server organisations will need to take care of reliability by installing UPS such as those from APC by Schneider Electric.

The local edge brings compute closer yet offers the ability to scale IT elastically and burst to the public cloud if necessary.

Aside from reducing latency, redundancy is also increased due to the ability to shift workloads from the on-premises deployment over to the cloud. Thorny geopolitical issues such as data sovereignty are also neatly addressed by hosting it on-premises.

Finally, the tethered cloud also enables Internet of Things (IoT) use to enhance care and improve patient safety in the healthcare sector. One perennial bugbear with connected devices is latency.

While not a problem in most cases, scenarios such as next-gen robotics in operating rooms and telemedicine either cannot tolerate latency or are adversely impacted by it.

By having processing and analytics take place closer to where the action takes place, the local edge can benefit connected technologies used in healthcare and elsewhere.

There are more advanced use cases, such as advanced next-gen robotics, specialised high definition video equipment to assist doctors in performing surgeries, and connected medical devices such as insulin pumps and pacemakers that continuously monitor patients around the clock and trigger an automated alert upon detection of anomalous readings.

These advancements and more will add to the many connected technologies that are already in use. Of course, all of them will require a robust infrastructure with a local edge for network connectivity, data storage and power backup to ensure reliable operation.

Read more about micro data centres and various solutions that can enable IoT from Schneider Electric here.

Bhagwati Prasad, Vice President, Business Development, Secure Power Division, Schneider Electric

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Bitcoin and Tesla: America’s Most Loved Assets on Tradingview | News – Bitcoin News

Tradingview said Friday that bitcoin and Tesla, the electric car maker and clean energy firm, are Americas most viewed assets on the charting platform.

Bitcoin (BTC) has climbed over 60% year-to-date, with the price reaching $11,900 at Press time. The rise has drawn in thousands of new investors both retail and institutional to the cryptocurrency.

Likewise, Teslas share price more than tripled this year, soaring from $402 on January 1 to $1,650, driven by a positive future outlook on the electric vehicles industry.

While publicly traded companies like Apple are nearing a $2 trillion market cap, it looks like traders and investors still arent paying that much attention, said Tradingview, in a statement.

For now, the data clearly shows that Tesla and bitcoin are the two assets everyone is looking at most often, it added.

Throughout July, Tesla was the most viewed stock in 31 U.S. states but bitcoin was not far behind.

Our findings also show the South East favors forex and the West Coast states of California, Washington, and Oregon lean toward bitcoin. The west coast loves crypto the most, noted Tradingview.

Bitcoin has risen sharply in 2020, fuelled by relentless fiat money printing by governments and central banks, keen to keep their economies afloat in the wake of the coronavirus pandemic.

Amidst the economic downturn, investors seeking to hedge against inflation have piled into the top cryptocurrency.

For example, Nasdaq-listed Microstrategy Inc. this week adopted bitcoin as its primary treasury reserve, spending $250 million on 21,444 BTC. The company described bitcoin as a dependable store of valuesuperior to cash.

Tradingview is a cloud-based social platform for traders as well as an independent charting and analysis tool. With millions of users, the platform provides access to educational trading expert ideas and content in the form of notes, charts, pictorials, and videos.

Users can also trade and make orders directly on the site. Almost all cryptocurrency exchanges incorporate Tradingview, which makes up the main interface that helps users monitor live crypto activity on an exchange. Additionally, Bitcoin.coms crypto market aggregator offers professional trading charts that stem from Tradingview.

What do you think about the popularity of bitcoin and Tesla on Tradingview? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin (BTC) has a 30% Chance of Hitting $17k by EOY – Crypto Analyst – Ethereum World News

In summary:

In the month of August, Bitcoin (BTC) has attempted to break the $12,000 resistance zone on four occasions. Two of the four attempts have been in the last 48 hours with Bitcoin pushing as high as $11,984 and $11,977 respectively.

If Bitcoin manages to break the $12,000 price ceiling and turn it into support, BTC increases its odds of retesting its 2019 peak of $14,000 and its 2018 peak value of around $17,200.

With respect to the latter price level, Timothy Peterson of Cane Island Alternative Advisors has stated that the odds of Bitcoin reaching $17k during the remainder of 2020 currently stand at 30%. Mr. Peterson made the comments via Twitter and was responding to an article that suggested that a BTC break above $12k would guarantee a push towards $15k $17k. Below is his Tweet providing the odds for Bitcoin.

Also to note, is that the $17k price was also an area of interest in MagicPoopCannons analysis of Bitcoin back in mid-May.

In his analysis, Magic had explained that Bitcoin had to first break $10,600 for BTC to have a chance at testing $14,000 and $17,000. He explained:

..if BTC can print a solid breakout here, and get above 10600, I think there is a very good chance that it will take out the 14,000 level, and rally all the way up to the projected target of 17,200.

As earlier mentioned, Bitcoin has attempted to break the $12,000 price ceiling on four occasions in the month of August. As a result, Bitcoins price movements have been printing an ascending triangle as seen in the screenshot below.

Further analyzing the daily BTC/USDT chart above, the following can be observed.

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Bitcoin Price Keeps Rejecting $12K Heres What Can Happen to BTC – Cointelegraph

The price of Bitcoin (BTC) rejected the $12,000 resistance level for the second time in the past 10 days. Traders are generally optimistic about the short-term trend of BTC, following its extended consolidation below a critical resistance level.

When an asset stays relatively stable near a major resistance area, it typically suggests a bullish continuation is likely. It shows that sellers do not have enough pressure to push BTC down to a pivotal price point. Many traders seemingly anticipate the price of Bitcoin to remain in the $10,500$12,000 range. If BTC does not drop below a key support level at $10,500, technical analysts say that the bullish market structure will remain intact.

The confluence of a positive global macro backdrop and a robust market structure are just some of the encouraging sentiments around Bitcoin, but investors have also expressed concerns about some short-term roadblocks facing it.

The primary factor behind predictions for a bullish continuation of Bitcoin in the near term is its long-term market structure. Analysts say that the high time frame charts of BTC, like the monthly chart, indicate a clear breakout, with BTC escaping a prolonged price range that often leads to an extended rally, especially if the breakout occurs on a high time frame chart. Raoul Pal, CEO of Global Macro Investor, stated:

Super early days for what is likely to be a very big move as institution finally follow what retail BTC investors have known all along that this is the future and its wildly under priced.

Since its peak in 2017, when it almost achieved the $20,000 mark, BTC has ranged within a multiyear price range, bottoming out at $3,150 in 2018 while seeing a local high of $14,000 in July 2019 and establishing a three-year range. But when the price of Bitcoin recently surpassed $11,500, it confirmed on the weekly and monthly charts that the dreaded range has been broken. Various market data could also supplement the uptrend of Bitcoin over the longer term.

Kyle Davis, co-founder of Three Arrows Capital, hinted that there is a small gap between $14,000 and $20,000 in the options market. Citing data from options exchange Deribit, Davis said, $BTC air above $14k up to $20k, which suggests that a breakout above $14,000 could fuel the next BTC rally.

Some Bitcoin traders also emphasized that the current market structure of Bitcoin is highly optimistic. Scott Melker, a cryptocurrency trader, said that the absorption of Bitcoins dips shows that the trend of BTC is bullish: Its dip buying season and that any chance to grab a higher low is welcome. This is a bullish chart, period.

In the four-hour price chart of Bitcoin published by Melker, Bitcoin recorded four higher lows, or four local low points that are higher than previous lows. A higher low pattern in technical analysis is considered a positive formation because it demonstrates strength from buyers. Every dip in the past 10 days was bought by Bitcoin buyers.

The positive technical factors surrounding Bitcoin have been complemented by encouraging on-chain data points. According to on-chain market data provider IntoTheBlock, the number of Bitcoin HODLers has substantially increased:

The HODLING trend for #Bitcoin continues. As can be seen in the graph below the number of $BTC hodlers has increased by almost 4 million within the last twelve months. As of August 9, a total of 20.47 million addresses were holding 11.51m BTC for over a year.

In the short term, Bitcoin faces two obstacles: first, a historically relevant fractal, and second, a slight drop in liquidity. Both factors could impose selling pressure on Bitcoin in the near term, but compared to a few weeks ago, the overall sentiment around BTC remains positive.

Nik Yaremchuk, a cryptocurrency trader, said that historical fractals hint at a short-term pullback. He compared the current price action of Bitcoin to that seen in May. Three months ago, BTC also saw a similar trend where the price looked to break out and then recorded a correction: We now have a fractal since May 2020, where we have been in range for a while, I do not think that we are here for long, but it seems to me that we will get another dip.

The fractal coincides with a slight decline in the liquidity of Bitcoin. Market research firm Glassnode said that while the overall transaction rates of BTC are healthy, they declined slightly in the past week:

Liquidity also saw a slight decrease, losing 3 points due to a drop in the transaction liquidity subcategory. This, in turn, was caused by the above-mentioned decrease in the number of on-chain transactions over the past week. However, overall transaction rates remain high relative to pre-bull market levels.

Still, speaking to Cointelegraph, Denis Vinokourov, head of research at exchange and brokerage platform BeQuant, said that Bitcoin being rejected at $12,000 is not necessarily bad. The pattern of an upsurge followed by consolidation stabilizes the market and provides investors some breathing room:

Price discovery and consolidation following a strong run up is an indication of a healthy two way market flow. Price rejection is not necessarily a bad development, as it gives market participants an opportunity to take stock of the situation and look to align the interest of both leveraged/speculative flow and those of long-term holders.

In the upcoming weeks, there are several variables that could affect Bitcoin and other major cryptocurrencies. The most prominent factor that might impact Bitcoin is likely the upward run of altcoins.

In recent weeks, altcoins, especially in decentralized finance, have gained substantially against major cryptocurrencies. Band Protocols native BAND token and Chainlinks LINK, for example, rose by 348% and 88%, respectively,from Aug. 1 to their monthly highs.

In the near term, whether profits from altcoins will flow into Bitcoin remains in question. Vinokourov noted that the willingness of the market to take on additional risk with altcoins demonstrates a positive market sentiment:

Interestingly, year-to-date (YTD) the MVIS 100 small caps index is up 74.51% and large caps index is up 74.23%. Markets willingness to take on more risk, as evidenced in capital flow into small cap assets is a net positive overall.

The combination of a favorable high time market structure and positive on-chain data has lifted the sentiment around Bitcoin in the longer term. But in the short term, some predict a minor pullback, which would make the market less overheated.

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U.S. Seizes Bitcoin Said to Be Used to Finance Terrorist Groups – The New York Times

WASHINGTON The United States government said on Thursday that it seized about $2 million in Bitcoin and other types of cryptocurrency from accounts that had sent or received funds in alleged financing schemes for three foreign terrorist organizations: Al Qaeda, ISIS and Hamass paramilitary arm, the Al Qassam Brigades.

Law enforcement officials said they had obtained court orders to seize about 300 cryptocurrency wallets held by banklike institutions. They also blacklisted privately held accounts containing several million additional dollars of virtual currency, which will make it more difficult for the people holding those funds to use financial institutions to cash them out.

The multiagency effort several investigations were bundled together for a joint announcement were the first significant civil forfeiture actions to seize cryptocurrency as part of counterterrorism financing investigations, said John Demers, the assistant attorney general for the Justice Departments National Security Division.

Todays actions deprive Hamas, Al Qaeda and ISIS of millions of dollars they solicited to buy weapons and train terrorists, Mr. Demers said in a call with reporters. By raising cryptocurrency on social media, these terrorists tried to bring terrorist financing into the current age. But these actions show that law enforcement remains a step ahead of them.

Other law enforcement officials said that the investigations began with open solicitations by the terrorist groups on social media because they believed that the use of blockchain technology to transfer virtual currency would be anonymous, and so there was no need to take typical steps to conceal their identity and intent, such as by pretending to be raising funds for charitable relief. Several of the campaigns that came under scrutiny by federal authorities were detailed last year by The New York Times.

Seeking to send a deterrent message, Mr. Demers and other officials stressed that the government, including criminal investigators at the Internal Revenue Service, have developed tools and techniques that can identify people involved in so-called blockchain transactions that should give pause to would-be financiers of terrorism or other crimes.

As part of one of the investigations, officials said, the government took control of a website used for soliciting terrorist funds and operated it for 30 days, compiling information about the accounts making the donations and collecting the funds the donors believed they were sending to a militant group.

Investigations into the identities of the donors continue, they said.

The government also announced that it had taken control of four website addresses like Facemaskcenter.com and four Facebook pages that officials described as part of a scheme by a Turkish man they accused of being an ISIS facilitator, Murat Cakar. Officials said he tried to raise money for ISIS by fraudulently claiming he had large amounts of personal protective equipment, like N95 masks, to sell amid the shortage caused by the Covid-19 pandemic.

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With All Eyes On Bitcoin, Another Crypto Is Up 500% In The Last YearAnd Its Still Soaring – Forbes

Bitcoin has been pushed back into the spotlight thanks to its recent rally and renewed interest from Wall Street and big-name day traders.

The bitcoin price, jumping over $12,000 per bitcoin late Sunday evening, has added 30% in the last monththough some smaller cryptocurrencies have made far bigger gains.

Chainlink's link token has now added 120% to its price in the last month, climbing to over $13 per token, and building on gains of around 500% during the last yearwith some investors saying link is still "wildly undervalued."

Traders have sent the price of Chainlink's link token sharply higher over recent months, dwarfing ... [+] bitcoin's latest rally.

"Chainlink is on track to function as [the decentralized web3's] de facto security layer for any and all transactions of meaningful value," Michael Anderson, co-founder of Framework Ventures, the largest private holder of link tokens outside of the core team and bitcoin and crypto exchanges, said via email.

"We believe the value of link will track the value of the smart contract platform it is securing, meaning the long term market cap of link will eventually be larger than ethereums current market cap today."

Chainlink, an ethereum-based token that powers a decentralized network designed to connect smart contracts to external data sources, currently has market capitalization of just under $5 billion compared to ethereum's $45 billion.

Chainlink, up 65% in the last week alone, has has been boosted in recent months by a surge of interest in decentralized finance (DeFi)the idea that blockchain entrepreneurs can use bitcoin and crypto technology to recreate traditional financial instruments such as loans and insurance.

"As it stands, blockchains are unable to speak in a trustless way with real world data, meaning they require some sort of blockchain abstraction layer that lies between the blockchain and the outside world," said Anderson, adding Chainlink's importance has "become more apparent as billions of dollars have been locked up in DeFi products reliant on smart contracts."

Since early June, the total value locked in DeFi protocols has risen from around $1 billion to almost $5 billion, according to data from DiFi Pulse.

Meanwhile, the cryptocurrency token of a Chainlink competitor, band, the native token of Band Protocol, has also soared in recent weeks. Band, ranked 43rd on CoinMarketCap's list of most valuable cryptocurrencies compared to link's 6th, has added almost 5,000% since its rally began in early April.

Over the weekend, trading of Chainlinks link token surged, knocking bitcoin off the top spot on the largest U.S. bitcoin and cryptocurrency exchange, Coinbase, to become the most traded cryptocurrency on the popular platform over a 24-hour period.

Links 24-hour trading volume on Coinbase Pro climbed to $163 million, some 70% higher than bitcoins trading volume of $96 million, according to data from bitcoin and crypto analysis firm Messari.

However, around the world, link's 24-hour trading volume of just over $3 billion is still just a fraction of bitcoin's $17 billion.

The price of Chainlink's link token has more than doubled in value over the last month, far ... [+] outpacing bitcoin's 30% rally.

Despite link's massive rally and suggestions link's price could be a swelling bubble about to pop, Anderson is confident the link price will continue to climb, pointing to Chainlink's ambitions to work with smart contracts "for any transaction that requires real world data, events and payment" and plans to for so-called staking, meaning "users will be able to stake their link as collateral with Chainlink nodes, allowing them to earn a passive income stream when said nodes complete jobs by providing useful data to smart contracts."

"A correction is possible in the short term, but even if the link price were to double tomorrow, wed still think it's wildly undervalued in light of the long term vision," Anderson added.

"If they achieve even a fraction of what theyve set out to do, the implications for enterprise, banking, derivatives, insurance and more will be enormous."

Link's surge over the last week has been put down to a massive short squeeze in the futures market, according to reports, leading some to warn its rally may not hold.

"Chainlink can be a very bubbly asset and it looks very bubbly now," cautioned chartered alternative investment analyst and manager at Cane Island Alternative Advisors, Timothy Peterson, via Twitter.

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With All Eyes On Bitcoin, Another Crypto Is Up 500% In The Last YearAnd Its Still Soaring - Forbes

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What Venezuelans Think About Bitcoin and American Media – CoinDesk – CoinDesk

In this audio interview, CoinDesks Leigh Cuen and Venezuelan journalist Javier Bastardo talk about cryptocurrency and the media industry.

Formore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.

This episode is sponsored byCrypto.com,BitstampandNexo.io.

Caracas-based bitcoiner and journalistJavier Bastardohas covered the crypto scene in Latin America since 2017. In that time hes been living partially off bitcoin, thanks to BTCPay server and a variety of employers that pay in crypto, likeCoinTelegraph Espanol.

Even when Im trying to report in an unbiased way, Im really bullish on crypto, Bastardo said. Bitcoin could be useful to other Venezuelans.

Beyond holding it as savings,many Venezuelansuse cryptocurrencyas the fastest way to obtain dollars. Bastardo said there is more in common between crypto readers across the Americas, both Latin America and North America, than similarities within local geographies.

Were talking to a very specific audience, even if Im writing in Spanish and youre writing in English, Bastardo said, referring to CoinDesk writers in New York and California. We are more connected than I would be with a person who writes about politics in VenezuelaThe way they [crypto audiences] look for information is very particular to the types of viewers that we have.

When it comes to the media, in Venezuela it is more clear to readers thatjournalists can be activistsand thatcorporatemedia is oftengovernmentpropaganda. According to theCommittee to Protect Journalists, at least five journalists were murdered for doing their jobs in Venezuela over the past few decades. In this context, censorship isnt merely about ad policies or social pressure. It comes from the government and isapplied directlyto the communications infrastructure.

Despite the struggle to identify reliable narratives, many readers make financial decisions based on media reports and social media trends. Media production and financial markets have always been intertwined, for better or worse. This is especially true of cryptocurrency markets.

They [crypto readers] are already against journalism, against the information industry. They have more anger about the information, Bastardo said, describing the challenge of making media for this niche audience. They need the narrative to keep going about adoption, about mainstream, yea, bitcoin will save us. Its weird, because we have an active scene but its little.

While the outrage associated with crypto coverage may be unique, the dynamic of media-driven markets is hardly new. After all, the financial outlet Bloombergreportedlygave bonuses to reporters for market-moving stories and many American outlets offerbonuses for web traffic, which may incentivize sensationalism. These policy decisions come from the top, as with most business models, and rarely originates from the newsroom itself.

From his perspective, Bastardo said its unclear whether North American media, including but not limited to crypto journalism, is deliberately biased.

I really dont know if the things we see on CNN or CNBC are identified with some party, he said. We have those narratives that show Trump is a really good narratives and others that show him as a really bad President. This is a problem in the whole media industry.

In particular, he said some crypto content creators might be aligned and trying to push some agendas, but that its unclear what is really going on with the overlap between journalism and cryptocurrency marketing. For example, he said people overhype and sensationalize stories of bitcoin usage in Venezuela, which can be both dehumanizing and misleading. It becomes even harder for readers to decipher because some of the most trusted sources in the crypto industry are individuals without journalistic training or oversight. This creates even more opportunities for freelancers with bold personalities, but a more challenging environment for readers seeking relatively objective information.

We have a similar way to get information in Venezuela, but its worse, because we dont really have open media, he said. But the crypto-related media, I dont know if the writers are biasedI dont know if this is true. This is only an opinion.

Formore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.

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What Venezuelans Think About Bitcoin and American Media - CoinDesk - CoinDesk

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