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The Top 7 Network Security Books You Need to Read in 2020 – Solutions Review

For network engineers and administrators thatfocus on network security, books are an excellent resource for learning how to effectively design and operate network security solutions. To that end, weve listed the top seven network security books that you should add to your reading list below. These books are intended for beginners and experts alike and are written by authors with proficiency and/or recognition in building and running wireless networks.

If youre looking for resources to help you evaluate network performance monitoring (NPM) solutions, our freeNetwork Monitoring Buyers Guidehas you covered! It contains profiles on the top network monitoring providers in the market today, including descriptions of the tools they offer and noteworthy features of each. The guide also features 10 questions you should ask prospective vendors and yourself before buying a network monitoring solution. You can check out that guidehere.

by Chris Sanders and Jason Smith

Applied Network Security Monitoring is the essential guide to becoming an NSM analyst from the ground up. This book takes a fundamental approach, complete with real-world examples that teach you the key concepts of NSM. Network security monitoring is based on the principle that prevention eventually fails. In the current threat landscape, no matter how much you try, motivated attackers will eventually find their way into your network.

by William Stallings

StallingsCryptography and Network Security, Seventh Edition,introduces the reader to the compelling and evolving field of cryptography and network security. In an age of viruses and hackers, electronic eavesdropping, and electronic fraud on a global scale, security is paramount. The purpose of this book is to provide a practical survey of both the principles and practice of cryptography and network security.

by Amanda Berlin and Lee Brotherston

Despite the increase of high-profile hacks, record-breaking data leaks, and ransomware attacks, many organizations dont have the budget to establish or outsource an information security program, forcing them to learn on the job. For companies obliged to improvise, this pragmatic guide provides a security-101 handbook with steps, tools, processes, and ideas to help you drive maximum-security improvement at little or no cost.

by Ed Wilson

Ever wonder whats actually happening inside your network? Why multi-tier applications suddenly slow down, print jobs fail, network elements suddenly disappear? [] Thats where Ed Wilsons Network Monitoring and Analysis comes in. Its your complete, hands-on guide to monitoring and analyzing Windows NT-based networks-and using the information to maximize performance, plan for growth-even identify intruders!

by William Stallings

Network Securities Essentials: Applications and Standards introduces readers to the critical importance of internet security in our age of universal electronic connectivity. Amidst viruses, hackers, and electronic fraud, organizations and individuals are constantly at risk of having their private information compromised. This creates a heightened need to protect data and resources from disclosure, guarantee their authenticity, and safeguard systems from network-based attacks.

by Robert Collins

The author begins by explaining some of the basics of computer networking and the basic tools which can be used for monitoring a computer network. The process of capturing and analyzing the packets of a network is discussed in detail. This is a good technique which can help network security experts identify anomalies or malicious attacks on the packets transmitted over a network. You are also guided on how to monitor the network traffic for the Heartbleed bug, which is very vulnerable to network attackers.

by Manuj Aggarwal

While connected to the internet, youre a potential target for an array of cyber threats, such as hackers, keyloggers, and Trojans that attack through unpatched security holes. A firewall works as a barrier (or shield) between your computer and cyberspace. pfSense is highly versatile firewall software. With thousands of enterprises using pfSense, it is fast becoming the worlds most trusted open source network security solution.

Looking for a solution to help you improve your network performance? OurNetwork Monitoring Buyers Guidecontains profiles on the top network performance monitor vendors, as well as questions you should ask providers and yourself before buying.

Check us out onTwitterfor the latest in Network Monitoring news and developments!

Dan is a tech writer who writes about Enterprise Cloud Strategy and Network Monitoring for Solutions Review. He graduated from Fitchburg State University with a Bachelor's in Professional Writing. You can reach him at dhein@solutionsreview.com

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How Cryptocurrency Trading Has Evolved in Recent Years – Cointelegraph

In the early days of blockchain, cryptocurrency trading was seen by many as merely exchanging a few dollars for Bitcoins (BTC). The birth of other tokens and the high volatility in cryptocurrencies have led many traders to speculate by buying a few coins through exchanges in hoping the value will increase for the sake of profit.

The decision to switch to floating exchange rates was made in the second half of the last century, when it became clear to financial institutions that they could not provide the right amount of United States currency secured by a gold reserve. Thus, financial regulators abandoned the gold standard by adopting a system of floating exchange rates. This stage is perceived by many as the beginning of the emergence of the forex market.

Related: How to Trade Big Crypto Volumes, Explained

Cryptocurrency trading is the exact opposite of forex and its options for owning an asset. On crypto exchanges, traders buy the desired token and place an order to sell it, exchanging for another coin or fiat. That is, cryptocurrency trading is a real exchange of one cryptocurrency for another.

At the same time, forex exchange rates reflect the state of the economy of countries. Being very stable assets especially compared to cryptocurrencies the value of fiat currencies mainly change within three to five decimal places. Cryptocurrencies change much more noticeably, and can gain as much as 100% against the U.S. dollars within 24 hours.

Cryptocurrency trading, due to its high margin, can generate good income even without leverage, which very often leads to a loss of deposit. Investing in coins at their early stages has proven to be a highly effective trading tool for increasing capital.

Due to the high volatility in the crypto market, many traders begin to seek or return to the traditional trading market. The price stability of many trading pairs puts the market in a state of hibernation, which is why many traders lose money.

Related: Why Is the Cryptocurrency Market So Volatile: Expert Take

In search of a solution, some part of the community pays attention to other types of trading: futures, options, stocks, or the most popular forex. Forex turnover reaches nearly $6.6 trillion per day. At the same time, futures trading volumes are $440 billion and the U.S. stock market shows a value of $257 billion, while the cryptocurrency market volatility is only $4.8 billion a day.

Despite the advantages of trading on cryptocurrency exchanges, the long history of the forex market stands as one of its strong points. For a long time, traders have received several popular platforms, such as MetaTrader 4 and 5, thousands of indicators, and tools for forecasts and technical analysis. Recently, brokers have begun to add an imitation of a cryptocurrency trader to their platforms. But the essence of the market remains the same.

The impact of the forex market can be removed if cryptocurrency companies can improve on their security levels. One of the main reasons why traders have a hard time trusting cryptocurrency exchanges is because user funds can often go missing. A recent example is Binance being hacked in 2019, wherein an estimated $40 million was withdrawn from the exchanges hot wallets.

Related: Most Significant Hacks of 2019 New Record of Twelve in One Year

One of the solutions for reducing the impact of the forex market in crypto is a project based on the Stellar blockchain. Bridge token enables its users to convert from forex to crypto with outstanding trading conditions and transparency.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Oluwatobi Joel is a U.S.-based freelance copywriter, community manager, blockchain expert and serial entrepreneur. He has worked with various blockchain startups as a marketing strategist.

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Bitcoin touches $9,500 as $31 billion wiped off cryptocurrency markets – Yahoo Finance

In the last three days, the cryptocurrency market has experienced a minor reversal of sorts, with more than $31 billion wiped from the total market capitalization of all cryptocurrencies in the last three days.

Much of this loss can be attributed to the recent bearish momentum seen by Bitcoin (BTC), which fell from over $10,300 on February 15 down to briefly touch below $9,500 today as more than $14 billion was wiped off its market cap. Bitcoin has since recovered slightly and currently sits at just south of $9,600.

Other major cryptocurrencies are also experiencing similar, if not greater losses. As it stands, every cryptocurrency in the top ten by market capitalization is in the red today, with Bitcoin Cash (BCH) and XRP currently performing the worst after losing between 7-8% apiece. Likewise, Ethereum (ETH) and EOS are down around 4% each.

Although it is currently unclear why the market has taken a bearish turn, recent performance issues seen by Binance may have contributed to a change in investor sentiment. Nonetheless, despite its recent losses, the global cryptocurrency market is still up by almost 14% in the last month, and almost 17% in the last three months. As such, there is still some leeway before this adverse market movement can be considered a long-term change in market dynamics.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Cryptocurrency Market Update: Hostility ousted as Bitcoin, Ethereum and Ripple make blissful moves – FXStreet

The cryptocurrency market is on Friday being painted by one massive green brush. The gains come to correct the negative correction recorded this week when Bitcoin dived to $9,500 twice, Ethereum touched weekly lows at $245 while Ripple crashed to $0.26. On the flip side, the bulls have made a decision to end the week in the positive ahead of the weekend session. Some of the market leaders include Ethereum Classic up 3.69%, EOS after growing 3.03% on the day and Litecoin with a 3.27% hike.

The fight against the Coronavirus could see the Peoples Bank of China (PBOC) accelerate its plans to release its digital currency according to remarks by the central banks former president Lihiu Li. His argument is that a digital currency system presents efficiency, cost-effectiveness, and convenience during a time of distress. Li is currently the head of blockchain at the state-run National Internet Finance Association.

The government has already taken measures such as quarantining the old paper cash and made a fresh distribution of 600 billion yuan to stop the spread of the virus, especially in Huobei. China has also restricted movements in affected regions.

Russias Federal Security Service (FSB) is in agreement with the Central Bank of Russia that digital payments should not be allowed in the country. A letter sent to the President, Vladimir Putin from the Deputy Prime Minister Dmitry Chernyshenko indicated that the two government institutions have agreed to outlaw cryptocurrencies as a means of payment.

A decision was made following a meeting in the government to establish a ban on the issuance and use of cryptocurrencies as a means of payment.

Bitcoin price is settling above $9,700 after recovery from the range between $9,500 and $9,600. The resistance at the 50 SMA at $9,800 on the 2-hour chart must come down to open the door for the final leg towards $10,000. The RSI signals that bulls are relatively in charge, but the sideways movement shows that the current session is likely to be characterized by sideways trading.

Ethereum is trading at $261 after adding about $4 to the opening value at $257. An intraday high as been formed $264. Further movement north is limited by the developing bearish momentum and the volatility levels.

Ripple price, on the other hand, teeters a $0.2757 following a jump from $00.2711 (opening value). Upward movement have failed to rise past $0.2786 (intraday high) leaving the resistance at $0.28 untested.

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Cryptocurrency Market Update: Hostility ousted as Bitcoin, Ethereum and Ripple make blissful moves - FXStreet

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Will Bitcoin Ever Be a Serious Alternative to Gold and Stocks? – The Motley Fool

Cryptocurrency markets are on the move again: Category giant bitcoin has seen its tokens gain 40% in value in 2020 alone, and 155% over the last 52 weeks. If bitcoin was a stock, the "company" would be worth roughly $185 billion today. That market cap would land it right between aerospace titan Boeing and software giant Adobe as one of the 40 most valuable companies on the U.S. stock market.

Bitcoin's founders and supporters see it as "a new kind of money." As such, market watchers on both the bull and bear sides of the cryptocurrency debate often argue that the tokens -- currently trading in the neighborhood of $9,700 each -- will either skyrocket in value to at least $1 million, or bitcoin will collapse and die. There is no middle ground.

If bitcoin achieves a large enough scale and a wide enough acceptance to become a viable alternative to gold, silver, or national currencies as a value store, the cryptocurrency will have a bright future. If not, it's supposedly heading to zero in the end. The same goes for many other cryptocurrencies, and hundreds of them have already crashed and burned.

Image source: Getty Images.

So how big is the total cryptocurrency market as a value store today? Surprisingly small, actually:

Data sources: Coinmarketcap.com, SIFMA, World Federation of Exchanges, Golden Eagle Coin, JM Bullion. The chart uses the latest available value estimate for each category as of Feb. 19, 2020.

The stock and bond markets make the others look tiny. Let's zoom in on the precious metals and cryptocurrencies alone:

Data sources: Coinmarketcap.com, SIFMA, World Federation of Exchanges, Golden Eagle Coin, JM Bullion. The chart uses the latest available value estimate for each category as of Feb. 19, 2020.

Yeah, it's still difficult to see bitcoin and its crypto-peers next to the mountain of gold. I was surprised to see the relative lack of value in silver, but while modern mining companies extract more than 10 times as much silver every year than gold, ounce for ounce, gold is close to 90 times more valuable. And less than 5% of all the silver ever mined is in an investable form today -- coins or bullion. The rest has been used for jewelry, decoration, or by industry -- and a fair share of it has essentially been lost. You learn something new every day.

So where does this leave the cryptocurrency discussion? Well, neither bitcoin nor the crypto market as a whole stand anywhere near the multitrillion-dollar value levels of gold, bonds, and stocks. Investors looking for stable assets would clearly be better served to put their money into any of the three larger asset classes, not to mention alternatives such as real estate or owning your own business.

On the flip side, let's imagine a future where bitcoin (or some better-designed cryptocurrency) becomes a viable alternative to owning gold and reaches a similar market scale. If it's bitcoin, that would require its value to increase at least 40-fold from current levels. We're not likely to see a surge like that in a single upward run; bitcoin only multiplied 21-fold during its historic price run of 2017, and the volatility of investments tends to fall as the assets grow larger.

But many investors/speculators/visionaries/gamblers (pick your preferred epithet) are betting on that bullish outcome in this all-or-nothing asset class. Over a recent 24-hour period, $46 billion of bitcoin tokens changed hands, or 25% of the entire currency. That's huge next to the average daily dollar volumes of trading in Adobe ($734 million) or scandal-stricken Boeing ($2.15 billion). It's even enormous in comparison to trillion-dollar market behemoth Apple, whose average dollar volume clocks in at $8.8 billion.

It takes a lot of traders to move that much bitcoin in a single day, including plenty of deep-pocketed market makers. Bitcoin's trading volumes have never been this overheated, not even at the peak of 2017's crypto-mania, when daily trading topped out near $23 billion.

I wouldn't be surprised to see bitcoin and friends making a big move soon as the higher trading pressure either becomes the new normal or pops and drops. Whether the cryptocurrency market rises or falls, I'm content to simply hold on to my tiny crypto portfolio, which consists of a $20 "let's try this" whim from six years ago.

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Will Bitcoin Ever Be a Serious Alternative to Gold and Stocks? - The Motley Fool

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How This Cryptocurrency Platform Grew From Nothing to Top 5 Exchange Worth $1 Billion in 9 Months – newsBTC

Cryptocurrency derivatives exchange, FTX, launched in May 2019, now ranks as a top 5 exchange by adjusted volume. Moreover, such has been their rise, they now seek to expand operations with a $15 million equity round. This puts a $1 billion valuation on the company.

In nine short months, FTX has managed to make a huge splash in the world of cryptocurrency exchanges. Yesterday, the adjusted trading volume reached an all-time high for the platform, at around $1.3 billion.

FTX provides a futures trading exchange for digital assets. Their platform features an easy-to-use interface offering futures trading, leveraged tokens, as well as an over-the-counter (OTC) portal.

Much of FTXs rise through the ranks can be attributed to trading firm Alameda Research, who founded FTX in the spring of last year. Alameda Research trades up to $1.5 billion in cryptocurrency each day, and are responsible for managing $100 million in digital assets.

This allows us to trade hundreds of millions of dollars per day, accessing all of the major sources of flow and liquidity. This allows us to show tight spreads, for large size, consistently.

Indeed, as major shakers in the world of cryptocurrency, Alameda Research also functions as a market maker. Their role in the cryptocurrency markets is such that they rank as the biggest provider of liquidity on Bitfinex.

Bitfinex leaderboard. (Source: bitfinex.com)

And while many institutions and individuals prefer to remain anonymous, Almeda Research, and CEO, Sam Bankman-Fried take great pride in standing up to be counted.

One of the things about a leader board is, its actually quantifiable and verifiable. Its something that made it stand out from other firms.

Not only that but FTX market themselves as a platform built by traders, for traders. And this is something highly evident in the raft of features available which makes it a highly liquid cryptocurrency exchange. For example, FTXs liquidation engine prevents clawbacks by slowly closing overleveraged positions while minimizing the impact on the market.

Sam Bankman-Fried, CEO and co-founder of FTX and Alameda Research started the firm in his Berkeley apartment in late 2017 using a combination of his own money and by borrowing from family and friends.

He cut his teeth as a trader on Jane Street Capitals international exchange-traded fund desk. Here he worked for three years trading traditional investments such as currency and equities.

But he began getting interested in cryptocurrency when he spotted simple LTC arbitrage opportunities based on a 30% premium of LTC on Coinbase.

Profile of Sam Bankman-Fried. (Source: alameda-research.com)

On launching FTX, Bankman-Fried spoke about his vision for the company, and how he sees FTX as different from other cryptocurrency exchanges:

In creating FTX, I wanted to build a platform for professional traders like me. While also bringing crypto trading to the mass market and first-time users.

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How This Cryptocurrency Platform Grew From Nothing to Top 5 Exchange Worth $1 Billion in 9 Months - newsBTC

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Top Cryptocurrency Analysts Say $100,000 Bitcoin Predictions Way Off Base Heres Where They Think BTC Will Land – The Daily Hodl

Two leading cryptocurrency analysts say they believe Bitcoin is in a new bull market cycle, but predictions that BTC is poised to soar to $100,000 are far too bullish.

In a recent episode of Trading Bitcoin, Tone Vays and the pseudonymous trader Filbfilb debate the current state of the crypto market and where it may head in the months to come.

Vays says BTC needs to close above $10,450 to signal that a bigger move to the upside is in store. Bitcoin came extremely close to that number on Wednesday, reaching $10,444 before plummeting to its current price of $9,568, according to CoinMarketCap.

Filbfilbs says his target for opening a long position is significantly higher. Hes looking to see if and when BTC can cross $11,500.

As for how high Bitcoin may climb in the next long-term market cycle, both analysts say they expect a new bull market top to hit well below a litany of predictions calling for a parabolic rise to $100k. Says Filbfilb,

I think were going to struggle to get past $60k. I think $60k is going to be a really, really troublesome level to get across. Ill certainly be looking to book in some serious profits at that point.

I think you said it right in Fiji. I think you said the return you get off of these long-term positions versus the risk of you getting it wrong is a terrible trade. So trying to go higher than $60k I think would be a little bit foolish at this point. But certainly around $50k, $60k would be sensible.

Vays says hes looking for BTC to top out at a slightly lower price of around $45,000.

Although the traders say hype around Bitcoins halving is fueling price action in early 2020, they say rising trading volumes and an increasing number of outstanding derivative contracts are key metrics to watch in order to gauge real long-term interest in the space.

Featured Image: Shutterstock/sustainableart

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The Fed’s Cryptocurrency Head Fake | Opinion – Newsweek

Watchers of the crypto space were beside themselves with the recent news that the U.S. Federal Reserve is apparently considering a digital currency. "Every major central bank is currently taking a deep look" at cryptocurrencies, Fed Chairman Jerome Powell said during a congressional hearing on February 11. "I think it's very much incumbent on us and other central banks to understand the costs and benefits and trade-offs associated with a possible digital currency."

The news drove Google searches for the best-known cryptocurrency, Bitcoin, up by 33 percent, and its price surged past $10,000 for the first time in months. Many are suggesting this is the moment crypto comes off the margins to take up its promised role as a mainstream framework for the future of finance. But a closer parsing of the Fed chair's words suggests we should be skeptical.

Powell's mention of cryptocurrency is tantalizing. But it actually represents more of an evolution than a revolution. The central bank is mostly interested in eliminating inefficiencies and increasing visibility into global finance by, effectively, digitizing the dollar. This may well represent a technological leap, but it isn't the same as a federal cryptocurrency, for one obvious reason: It would still be completely controlled by the Fed.

Blockchain-powered currencies such as Bitcoin and the industry's No. 2, Ethereum, are meant to run without central control. This poses real challenges, and the government's apparent interest in crypto is a reminder of the potential pitfalls and false starts the technology faces on the road to broad adoption. Look no further than the bumpy introduction of Facebook's Libra cryptocurrency, which has drawn a fierce backlash from legislators, bankers and even blockchain enthusiasts themselves.

Interestingly, these parties all share the same fear: that Facebook will use Libra to try to create a parallel economy that the company controls. The crypto community has little faith in centralized systems generallyand especially one run by Mark Zuckerberg. The U.S. government also seems reticent to accede to a financial system run by a private corporation or anyone besides itself. What's revealed here is that central banks like the Fed and the crypto community may be more natural allies than first impressions would suggest. But they must traverse a mutual learning curve before they can truly act in a shared interest. One of the first obstacles is understanding what crypto really is.

The fact is, cryptocurrencies are more than just digitized money. They represent an effort to reshape information and financial systems to make them more secure, more transparent and more trustworthy. They are decentralized and self-perpetuating, governed not by powerful individuals or central entities but by market-oriented incentive structures that are written into their DNA.

The scale of the change is as great as the shift from precious metals to paper money or the invention of credit. The blockchain platforms that undergird cryptocurrencies offer a possible future in which finance is no longer opaque and subject to the judgments of middlemen, but is transparent and accessible to everyone. It is no coincidence that so many of the earliest footholds for decentralized finance are in countries, largely in the global South, where governments have mismanaged economies and large segments of the population lack access to basic financial infrastructure such as banks.

Blockchain and cryptocurrency have already started reshaping our financial and information systems in fundamental ways, but most of these projects don't make headlines on a daily basis. As we continue moving past the industry's collective "trough of disillusionment" brought on by 2017's crypto bubble and subsequent burst, the most exciting crypto projects are still operating largely below the radar. That won't last forever. In just the past several months, my colleagues and I have seen many innovative projects move from design to production, promising to reshape aspects of our digital lives from finance to social media to the Internet itself. This momentum is only likely to continue.

The Federal Reserve and other central banks and regulatory regimes around the world must and will play a crucial role in all this. Someday, national currencies may indeed be superseded by decentralized successors. But it isn't going to happen this year.

What is happening now is the rapid blossoming of blockchain and crypto solutions. In a short period of timeyears, not decadesthese types of projects will begin to rewire our global information channels, finance networks, supply chains and more. Central banks will get to see for themselves just how much benefit distributed ledger technology can have if properly implemented. And in their own time, I believe they will integrate the best of these technologies into their own operations. That really is cause to celebrate.

Sean Medcalf is a co-founder and managing partner of Angle42, a company that provides communications and strategic support to businesses in blockchain and other emerging technologies.

The views expressed in this article are the writer's own.

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The Fed's Cryptocurrency Head Fake | Opinion - Newsweek

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Japan on the verge of national cryptocurrency? – Cryptopolitan

Japan has joined the league of countries working on a Central Bank of Digital Currency (CBDC) for a national cryptocurrency. The apex bank in Japan, the Bank of Japan (BoJ) is set to unveil the countrys national cryptocurrency. This development is coming as a result of several meetings and discussions by the countrys financial and monetary regulatory agencies on the development of having a Central Bank of Digital Currency (CBDC) in Japan. The national cryptocurrency is a joint project of the Bank of Japan (BoJ), the Ministry of Finance (MoF), and the Financial Services Agency (FSA).

It is believed that the launch of a national cryptocurrency will establish the Asian country as a force in the crypto industry. This digital currency would give room for quick, secure, and cheap cross-border monetary transactions. The impact of a national cryptocurrency launch in Japan on the global market, which is centered on US dollars, is one of the significant research being carried out by the Japanese financial authorities.

It would be recalled that China has said it is advancing in progress about the launch of its digital currency. Hence, Japanese authorities believe that the country needs the input and support of the United States to favorably compete and counter the efforts being made by China in the global financial system.

Japan recently entered a partnership with the Bank of International Settlement,along with the central banks of Britain, Sweden, Switzerland, and the eurozone on the issue of a potential national cryptocurrency.

The regulatory authorities of the financial market in Japan have so far approved about 21 crypto exchanges under the countrys fund settlement law. The law has made cryptocurrency a legal tender in the Asian country and a means of settling payments.

Featured image by Pixabay.

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Top Analyst: Foul Play Pumped the Crypto Market by $66 Billion – newsBTC

Jacob Canfield, a crypto market analyst known for accurately predicting bitcoins 2020 price rally, has alleged that there was market manipulation in the trading of altcoins this year.

In a video published last week, Mr. Canfield linked the resurgence of otherwise underperforming cryptocurrencies like Ethereum and EOS to PlusToken, a Ponzi scheme that, under the disguise of a high yield investment company, stole over $3 billion from its clients. The steal included 70,000 bitcoin, 790,000 ether, and 26 million EOS tokens.

Mr. Canfield noted that PlusToken scammers first artificially pumped bitcoin from $3,500 to circa $14,000 last year. They then sold about 70-90K BTC in the range of $9,000 and $13,000, which roughly equals about $600 million. The profitable move gave them enough capital to drive the altcoin market upward.

If [Plustoken scammers] are using their capital to push the Ethereum market, then they can push its prices back to $300, $500, $600 and even $1,000, said Mr. Canfield. They can also set up traps for short-sellers and continue to push the short-seller cascade in thin-order markets.

The statements came at the time when altcoins are severely outperforming their top rival bitcoin. Ethereum and EOS, for instance, surged by up to 130 and 155 percent after bottoming out in December 2019. In the same timeframe, bitcoin surged by up to 63 percent only.

On the whole, the crypto market excluding bitcoin attracted up to circa $66 billion between December 2019 until February 2020 top.

Mr. Canfield theorized that PlusToken scammers are using cryptocurrency exchanges and OTC brokers with closed order-books to trade their steal for alternative crypto tokens. The analyst further admitted that he has stopped entering short leveraged positions over his fears of fat price dumps.

Despite fears of a massive dump, Mr. Canfield believed the crypto market will keep rising. The analyst recommended traders to identify near-term dips to buy Ethereum, EOS or other altcoins but exit their positions on the first signs of deep pullbacks.

He further advised traders to watch the crypto wallets that belong to the scammers associated with PlusToken, noting that any kind of small or big withdrawal would alert them of a potential bearish correction.

What Im watching is for those PlusToken coins to move. Potentially, that could be a tapping indicator of the altcoin market, Mr. Canfield explained.

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Top Analyst: Foul Play Pumped the Crypto Market by $66 Billion - newsBTC

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