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Millions of Wawa customers data breached selling on dark web – wobm.com

January 30, 2020 | Author: admin

Wawa has acknowledged reports that credit card information stolen in a data breach in 2019 were being sold on the dark web.

The convenience store chain announced before Christmasthat its information security team discovered malware on its payment processing servers on Dec. 10, and stopped the breach on Dec 12. The company believes the malware was collecting card numbers, customer names and other data as early as March 4.

In its first comment in over a month about the breach, the company said it "became aware of reports of criminal attempts to sell some customer payment card information potentially involved in the previous Data Security Incident announced by Wawa on December 19, 2019."

Two websites that focus on internet security, Krebs on Security and Gemini Advisor, reported on Tuesday that a site called Jokers Stash claimed 30 million accounts would soon be available for sale from a new huge nationwide breach" it called BIGBADBOOM-III.

Gemini Advisor reported that only a "small portion" of the accounts were up for sale and were from mostly from Florida and Pennsylvania.

Wawa in its new statement said that it remains confident "only payment card information was involved, and that no debit card PIN numbers, credit card CVV2 numbers or other personal information were involved. This incident did not impact ATM transactions."

The company said it directed its payment card processor, payment card brands, and card issuers "to heighten fraud monitoring activities. The company also encouraged customers to report any fraudulent activity and to sign up for free credit monitoring and identity theft protection it is offering.

New Brunswick Today reportedthat customers received a call from Northfield Bank's East Brunswick branch informing them that the bank closed 2,000 debit cards because of the Wawa breach as a "precautionary measure."

A bank spokesman would not confirm the number of new cards closed but said that "when deemed appropriate, as was the case in the Wawa data breach, we will protect our affected customers by issuing new debit cards."

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DigiCert CEO: Focus Security and Privacy on the Person – Infosecurity Magazine

January 30, 2020 | Author: admin

The future of security and privacy should be focused on the person and the impact upon them.

Speaking to Infosecurity at the DigiCert Security Summit in San Diego, DigiCert CEO John Merrill said that security is about privacy and trust, and who is on the other side, and there is more awareness of privacy thanks to regulations like GDPR.

Look at it from a global sense, the technology is outpacing a lot of peoples understanding of and governments ability to deal with it, he said. Look at facial recognition issues, weve just found out that companies have been keeping data with facial recognition stored on their servers: how do we handle that? The answer is that we are more aware of it and the technologies are there in some cases, for the internet we seem to be doing a pretty good job.

Merrill went on to say that technology is evolving faster than our ability to cope with it,so are we therefore struggling to chase an impossible dream of protection? Whether it is impossible or not, it is a worthy goal as the majority of users on the internet are safe because of the protocols that have been put in place over the last 20-30 years, he said. So they are not 100% safe, but as technology evolves, youre going to have items that you have to deal with from a security and privacy standpoint.

We may be behind with technology, but that does not mean you should stop running to try and figure it out.

Merrill added that people should be the focus of security and privacy, whether it is with facial recognition or with their ability to use the internet, or go to the bank or use a phone, it is something that we have to do.

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The US Space Force Has a Rough Launch on the Internet – WIRED

January 30, 2020 | Author: admin

All but buried in the onslaught of impeachment news and peaking tensions with Iran, Donald Trump scored one of his biggest legislative victories in the closing days of 2019: the creation of a stand-alone Space Force, a Pentagon recognition that the atmosphere far above our heads is an increasingly challenging and hostile environment for the military.

Yet even if you missed the creation of the nations sixth military branch, its been hard to escape the jokes and criticism that have seemed to accompany Space Force since. The only headlines Space Force has made so far have come amid jokes, memes, and controversies.

The creation of a new Space Force is among the most significant reorganizations of the military since the Goldwater-Nichols Act of the Reagan years, and the first addition of a new branch since the Air Force was broken out of the Armys Air Corps in 1947. It grew out of congressional frustration that the Air Force, with its pilot-driven culture, was not giving sufficient attention to securing the satellite communication networks that undergird so much of todays economy, as well as the critical positioning, navigation, and timing assistance to that military drones planes, ships, and networked vehicles increasingly rely on.

Space is the worlds newest war-fighting domain, President Trump declared in December as he signed the years $738 billion defense bill that created the Space Force. Amid grave threats to our national security, American superiority in space is absolutely vital. And were leading, but were not leading by enough. But very shortly well be leading by a lot.

Donald Trumps warm embrace of Space Force had already elevated a years-long, relatively low-level policy debate to meme status. In recent years, Space Force arguments had focused on whether it would be a full forcea standalone branch, equal to the Navy or the Armyor more of a Space Corps, akin to the Marine Corps, which is a component of the Department of the Navy, or even a Space Guard, less a military force than one focused on freedom of navigation and access.

The new image appeared all too familiar to fans of Star Trek.

But as early as 2018, Trump had turned Space Force into one of the most reliable applause lines of his stump speeches. His campaign even sold Space Force merch, and asked supporters to vote on potential logos. Ultimately the Pentagon and Air Force, which had long fought the idea in favor of maintaining its own Space Command, caved. What had begun as a bipartisan push among congressional critics of the Air Force, most notably representatives Jim Cooper (D-TN) and Mike Rogers (R-AL) of the House armed services committee, had morphed by the time of Trumps bill-signing into a campaign-style GOP-only celebration.

The criticism and jokes had clearly already taken a toll with the Space Forces new leadership. General John Raymond, the Air Force leader who will now head up the new Space Force, felt it necessary to tell reporters at the services unveiling, This is not a farce. This is nationally critical.

And yet the steps announced since thenand the internets responsehave done little to dispel public perception that the Space Force is more Austin Powers than Rambo.

First came an unexpected tweet earlier this month from the Washington National Cathedral announcing that it had christened the official Bible for the Space Forcewhich it further said would be used to swear-in all the commanders of the new force. The tweet shared a picture of the Air Forces chief of chaplains alongside two Episcopal Church leaders blessing a King James Bible. Religious freedom organizations leapt to condemn Space Forces apparent choice to make an official Bible one of the first steps of standing up the new service, particularly given the important steps the Pentagon has taken to embrace religious pluralism in recent years. As the Anti-Defamation League said, The men and women of our Armed Services are a microcosm of our nations rich diversity. An official Christian Bible for the #SpaceForce oath violates the constitutional right to exercise religious freedom that these Air Force officers swear to defend.

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CounterAct Cybersecurity Group Launches End-to-End Approach to Help MSPs Protect Their Businesses and Customers from Information Security Threats -…

January 30, 2020 | Author: admin

Unique, systematic process includes security risk and maturity assessment, threat detection and response, training and information security program management, and MSP to s-MSP Transformation services.

MOUNT LAUREL, N.J. (PRWEB) January 29, 2020

Today marks the debut of CounterAct Cybersecurity Group's suite of cybersecurity solutions aimed at helping managed service providers (MSPs) better defend themselves and their customers from increasingly sophisticated and damaging information security threats.

CounterAct's proven end-to-end MSP cybersecurity process begins with a thorough assessment of the MSP's own security risk and maturity to help its arm itself with the facts before moving to the design and implementation of vendor-neutral threat detection solutions. The CounterAct suite of solutions also includes incident response and remediation services as well as training, consultation and information security program management.

In addition to the above cybersecurity services, the CounterAct MSP to s-MSP Transformation program offers MSPs the opportunity to earn CounterAct's coveted Secure MSP (s-MSP) stamp of approval. Undertaking this rigorous, third-party process demonstrates an s-MSP's commitment to protecting itself from cybersecurity risk and reduces the risk that threat actors will leverage the MSP as a pathway to customers' networks and critical data. The CounterAct s-MSP designation also thoroughly prepares MSPs to successfully develop operationalize and monetize cybersecurity solutions for their own customers either white-labeled through CounterAct or with their own brand.

"Cybersecurity used to be an after-thought for many MSPs. Owners would cross their fingers and hope their businesses would be overlooked by the cybercriminals, hacktivists and other malicious information security threat actors that lurk in the shadows waiting to strike," said George Mach, President and CEO of CounterAct and a Certified Information Systems Security Professional (CISSP). "Today this is an extremely dangerous position to take, especially with MSPs regularly targeted as easy points of entry into their customers' networks and sensitive data."

Mach said the decision to launch CounterAct grew from his own experience as the owner of Apex IT Group, an MSP that he founded in 2007, as well as his ongoing engagement with the National Institute of Standards and Technology (NIST) National Cybersecurity Center of Excellence (NCCoE) community, which is focused on MSPs and small- and medium-size businesses. CounterAct also has alliances with other leading cybersecurity organizations, including the Center for Internet Security (CIS).

"As the owner of a thriving and nationally recognized MSP, I understand the real-world challenges and resource limitation that my peers are up against when it comes to successfully addressing complicated and increasingly sophisticated information security threats. Unfortunately, they far too often rely on cybersecurity in a box' solutions. The fact is that one-off, over-the-counter cybersecurity products without a clear understanding of their MSP's risk and a strategy to address that risk makes their businesses more vulnerable to a cyber breach. With CounterAct as their ally, they don't have to go it alone. We understand MSPs, we know what it takes to secure their businesses, and we have the expertise to help them leverage cybersecurity services to grow revenues and increase their value as their customers' trusted advisor," said Mach.

CounterAct's suite of solutions and services include:

CounterAct is showcased this week in Tampa, Fla., at PerchyCon 2020, a cybersecurity conference for MSPs, where Mach will be serving as a member of the "Risk Assessment and Compliance" panel on Jan. 31 at 2 p.m. To learn more about CounterAct, which also provides cybersecurity solutions for regulated and other security-conscious businesses, visit http://www.counteractcsg.com.

About CounterAct Cybersecurity Group

CounterAct Cybersecurity Group provides managed IT service providers, regulated businesses and security-conscious companies with a disciplined, systematic, holistic approach to protect themselves and their customers from information security threats. Using highly qualified cybersecurity experts, CounterAct helps organizations go on the offensive by assessing security risk and maturity, designing and implementing tailored threat detection and response solutions, delivering incident response and remediation services, and providing training and consultation via a fractional Chief Information Security Officer (CISO) who efficiently manages information security programs and compliance requirements. For more information, please visit http://www.counteractcsg.com.

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Startup MGZN The only Arab company on eSecurity Planet’s Top 18 Cybersecurity Startups 2020 is this one! – Startup MGZN

January 30, 2020 | Author: admin

CTM360, a Bahrain-based cybersecurity startup has paved the way for globalizing Bahrain in the cybersecurity industry with its inclusion in global lists such as eSecurity Planets Top 18 hottest startups in 2020.

eSecurity Planet is the premier website for vendor-neutral IT security buying information. They analyze and compare top enterprise security products to help make informed buying decisions on tools that fit business, situation, and budget. eSecurity Planet is the IT professionals top choice for Internet security news and analysis, technical tutorials, product reviews, and buying guides.

This year, eSecurity Planet picked 18 promising candidates out of more than a hundred vendors that address various aspects of cybersecurity which included the Bahrain based cybersecurity startup, CTM360. Being the only Arab company among North American-based companies on the list, this proves a big achievement not only for Bahrain but for the entire region.

It is a self-funded cybersecurity firm that has achieved profitability as well as annual recurring revenue of more than $3 million. It serves more than 90 entities across 22 countries, most banks as well as oil and gas companies. Its track record now has it on the radar of investors.- eSecurity Planet.

Initially starting in 2014 to cater to a specific segment in cybersecurity not addressed by many, CTM360 focuses on identifying and managing cyber blind spots outside an organizations network across the surface, deep & dark web. Since its inception, CTM360 has gained global awards and recognition for its services including its Cyber Incident Response Team (CIRT) and Cyberblindspot (CBS). Apart from being on eSecurity Planets top 18 list, CTM360 is also one of the top 14 Digital Risk Protection vendors worldwide according to a well-renowned global research firm.

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Bitcoin Rallies to Near $9150 as Stocks Drop Over Coronavirus Fears – Coindesk

January 29, 2020 | Author: admin

Bitcoin is maintaining its upward trajectory as coronavirus-led risk aversion hits the traditional markets.

Thetop cryptocurrency by market value crossed the 200-day moving average at $9,000during Tuesday's Asian trading hours and rose to a high of $9,150, pushing thecumulative month-to-date gains to over 25 percent.

At press time, bitcoin is changing hands at $9,061. Despite the minor pullback from the morning's high, the cryptocurrency is still reporting a 4.8 percent gain on a 24-hour basis, and is up roughly $700 from lows near $8,250 observed over the weekend, according to CoinDesk's Bitcoin Price Index.

While bitcoin has kicked off the week on a positive note, stock markets across the globe are facing selling pressure.

Notably, the Dow Jones Industrial Average fell by more than 450 points on Monday with travel-related shares suffering sharp losses on fears the coronavirus outbreak in China could spread globally, hurting worldwide economic growth.

The virus, which first appeared in the Chinese city of Wuhan, is spreading fast. It has so far claimed more than 100 lives in China and the number of confirmed cases increased to 4,515 on Tuesday from 2,835 on Monday, according to the National Health Commission.

With bitcoin outperforming stocks amid the coronavirus scare, a few experts are convinced the cryptocurrency is drawing haven bids more so, as classic safe-haven asset gold has risen by just 0.65 percent so far this week.

The safe-haven argument, however, is not strong, according to prominent analysts like Alex Kruger. "Keep in mind that until Friday the narrative was 'Coronavirus pushing bitcoin lower'. It now is 'Coronavirus pushing bitcoin higher.' Some people try very hard to create narratives," he tweeted Tuesday.

Moreover, bitcoin picked up a strong bid below $7,000 at least two weeks before Chinese authorities placed Wuhan under quarantine on Jan. 23, sending equity markets into a tailspin, and has extended the rally over the last two days.

In fact, the virus outbreak could ultimately have a negative impact on crypto markets, Jason Wu, CEO and founder of non-custodial crypto lender DeFiner, told CoinDesk earlier this week.

Many Chinese crypto retailers tend to cash in on cryptocurrencies right before the Chinese New Year holiday and reinvest in the market in the next year, Wu said. With the virus outbreak, that money may not return to crypto markets, possibly leading to a price drop.

From a technical perspective, bitcoin is looking heavy and could suffer a minor pullback in the next 24 hours.

Hourly chart

The relative strength index charted a bearish divergence (lower highs) earlier on Tuesday, signaling bullish exhaustion, and dived out of an ascending trendline to indicate an end to the rally from lows near $8,250.

The MACD histogram is printing deeper bars below the zero line, indicating a strengthening of downside momentum.

4-hour chart

The current four-hour candle is flashing red, validating the buyer exhaustion signaled by the preceding inside bar candle, which occurs when the specific period's price action falls within the preceding period's trading range.

The RSI has also rolled over from the overbought (above-70) region, signaling scope for correction.

Both the hourly and four-hour charts are indicating the cryptocurrency could revisit the former resistance-turned-support at $8,793-$8,750 (horizontal lines on the four-hour chart).

A violation there would expose the next support at $8,530. If that level holds, bulls might breathe a sigh of relief and another attempt higher could be initiated targeting resistance at $9,000.

The odds of a pullback to $8,750 would weaken if the cryptocurrency finds acceptance above $9,150 during the U.S. trading hours. In that case, the recent high of $9,188 will likely be scaled.

It's worth noting that longer duration charts are aligned in favor of the bulls. So, pullbacks, if any, could be short-lived.

Disclosure:The author holds no digital assetsat the time of writing.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Buy the Pump, Sell the Dump Does Momentum Investing Work in Bitcoin? – Cointelegraph

January 29, 2020 | Author: admin

Since the start of the year, Bitcoin (BTC) price has been as high as $9,200 a 2-month high while going as low as $6,900 on Jan. 3. Bitcoins volatility is one of the most frequently discussed issues that arise when investors evaluate Bitcoin as an asset class. However, its volatile behavior is what provides an opportunity for investors to take advantage of the price movements and make a profit.

Following predictions as optimistic as the $100,000 forecast based on the stock-to-flow model, investors may foresee another period of high price speculation, opening the door for a wider set of investment strategies.

On the other side, if investors end up experiencing a bearish scenario like the majority of 2018 and a portion of 2019, bolder strategies based on wide price movements may serve as a good alternative for market makers.

Cryptocurrency market weekly overview. Source: Coin360

Strategies based on large price movements have been exploited for decades in traditional markets, especially in stocks. One of those strategies is momentum investing. An investor evaluates the daily returns for a sample of stocks and identifies which one was the biggest loser and winner in the price for that day.

In traditional markets, it was found to be lucrative to buy the winner stock that day and hold it for a certain period (up to investor discretion) and sell (short) the loser stock. Usually, investors develop this strategy based on portfolios of best and worst-performing stocks instead of only choosing the best and worst performer from the chosen sample.

However, its not uncommon for the individual momentum strategy to also be applied among investors despite raising questions about investment diversification. Nevertheless, if diversification is found to be ineffective in the crypto space, as reported by Cointelegraph, an investor might expect better results from an individual momentum strategy instead of focusing on portfolios.

Firstly, we identify the top-20 cryptocurrencies in the market today and get the daily returns for each currency during 2019. Throughout a portion of last year, we have seen a bearish scenario in the market. However, Bitcoin picked up and ended the year with a cumulative return of 65%.

By analyzing this strategy for a period with such characteristics, we can present a bolder strategy for investors to take advantage of bigger swings in smaller currencies since the biggest coins showed modest gains.

Secondly, we identify which was the currency that had the highest (winners) and the lowest (losers) return from the top-20 currencies for each day in 2019.

After identifying the daily winners and losers, we assume that an investor buys its closing price that day and sells it the following day, also at the closing price. The closing price (latest data in the range at UTC time given by Coin360) is assumed for simplicity purposes as it is open for investors to decide the desired time to buy and sell during those days. Another variation of the strategy can consist of holding the coin for more than one day.

By employing this strategy every day in 2019, we find that an investor who buys the winners gets the best cumulative return of 140%. Whereas, an investor that buys the losers and sells them the following day retrieves a negative return for this period (-105%). In traditional markets, the strategy works in the same way with the investor buying the winners and sells the losers.

Such volatile behavior leads us to also look at a risk-adjusted performance measure since an investor must be compensated by the exposure to higher risk investment. When exploring this strategy buying the winners a Sharpe ratio (the measure of risk-adjusted return of a financial portfolio) of 1.11 is achieved, excluding transaction costs, which is an acceptable performance for the strategy.

January 2019-December 2019 momentum strategies (Buying Winners & Buying Losers) cumulative returns

As we would expect, lower market-capped coins appear more often as the best or worst performing currency in the market: Chainlink (LINK), Tezos (XTZ) and Cosmos (ATOM).

The same currencies appear in both scenarios much more often than with other currencies. As we would expect, the higher market capped coins appear less frequently as the highest/worst performers (e.g. BTC, ETH, LTC, XRP).

Currencies with most appearances as best and worst-performing currency during the sample period

Looking forward, an investor delving into these types of strategies should be aware of certain factors. The first is that we looked at the top-20 currencies in the market today and examined their returns for the last year.

Hence, some of the coins analyzed may not have been in the top-20 during some periods of 2019 as some may have just been recently launched or their volatility dislodged them from the sample. At the same time, currencies with volatile price swings may be included in some periods, raising the risk of the strategy but also the possible gains.

Another factor is the liquidity risk of employing such a strategy. When a lower market-capped coin sees a significant gain in price, it may be harder to buy it during a 24-hour period as most holders might expect the coin to go even higher or set very high sell limits for new investors to take advantage of this opportunity.

Finally, a strategy that is based on daily trading will incur high transaction costs. In this example, we exclude these expenses from the cumulative returns and Sharpe ratio calculations, which will cause a decrease in performance after computing the impact of operational costs.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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3 Reasons Why Bitcoin Price Broke Above $9K Today – Bitcoinist

January 29, 2020 | Author: admin

Bitcoin price broke back above $9,000 this morning, making this the second time this month that has happened. Following last weeks slide down from that level, all losses have been reversed since the weekend. So what could be responsible for bitcoins change in fortunes?

The Lunar New Year always has an effect on bitcoin trading volumes, as Chinese traders take a few days off to celebrate. Despite cryptocurrency trading being technically banned in China, workarounds whereby traders use other Asian markets mean that it is still statistically significant.

BitMEX CEO Arthur Hayes predicted that volatility and trade volume would nose-dive as the New Year approached. Indeed, in the week leading up to the New Year, daily volumes dropped by 50%, as BTC price followed them down from $9150, reaching as low as $8325 on Sunday.

Since Sundays low, volume has already regained almost all of the value previously lost, and prices have risen steadily to reflect that increase. While the Coronavirus may have meant an extended holiday for many Chinese, orders to stay at home dont apply to those working outside of the law.

The past few days have seen gains across the entire cryptocurrency market. With this much fresh money flowing into the market, it is only to be expected that Bitcoin price would also benefit from that.

AsBitcoinist reported yesterday, the total cryptocurrency market cap grew by over $17 billion in just 48 hours. It has continued to grow at a more modest rate since then, but is currently just $1.2 billion short of the psychologically significant $250 billion mark.

The market cap was last at this level in November, during the seven-month bear market when cryptocurrency prices were on the way down from their late-summer 2019 highs.

Regaining this level would be a strong indicator that this trend had reversed, and that a bullish cycle is once again underway.

As February rolls ever closer, the market cannot help but consider historical data, which highlights the month as traditionally one of the more bullish for bitcoin. Of course, this doesnt give any guarantees, and in fact we are closing out January, having bucked its usual trend of being a bearish month.

But of course we also have the ever looming halving event coming up in May of this year. Historical data again suggests that this will have a positive effect on BTC prices. Whether this is already factored in to bitcoins price is hotly debated. However, if prices continue to rise then we may find that FOMO makes it a self-fulfilling prophecy in either case.

For now, price just has to hang onto, and indeed build upon, that $9k.

Do you think Bitcoin will continue its current uptrend? Add your thoughts below!

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Bitcoins 15% Weekly Gain Could Send Ethereum Flying: Heres Why – newsBTC

January 29, 2020 | Author: admin

Over the past few days, crypto assets from Bitcoin and Ethereum to Dogecoin and Maker have surged higher.

Since bottoming in the $8,200 range, the leading cryptocurrency BTC has surged as high as $9,425, marking a 15% gain. Although ETH, the second-largest cryptocurrency by market capitalization, has closely trailed Bitcoin, some say that a bigger surge for the altcoin will soon come to fruition.

Indeed, below, you can see Ethereum still trading below last weeks high of $177, despite Bitcoin trading as high as 3% above its previous local high around $9,200.

Cryptocurrency trader Trajan of Split Capital recently noted that Ethereums volatility is currently lagging behind that of BTC. Despite this, he noted that as soon as ETH finds its legs, the price of the leading cryptocurrency can soon see a price of around $200 a further 15% gain from the current price of $175.

He isnt the only one that thinks so.

Cryptocurrency trader Polar Hunt recently noted that ETH has been trading in a descending broadening wedge pattern, an often bullish price pattern, since July of last year. With this in mind, the trader wrote:

Current BTC price action is only here to shake you out of ETH before $238.

Satoshi Flipper, a prominent cryptocurrency trader, recently noted that Ethereums weekly chart is showing relatively bullish signs after bottoming around $120.

He specifically noted that theHeiken Ashi candles, which are a special charting technique used to more easily determine trends, have turned green on the weekly chart,suggesting a medium-term bull trend is forming.

Flipper added that Ethereum has broken out of a falling wedge structure that constrained price action for six months, boding well for bulls.

Not to mention, analysts are currently expecting the leading cryptocurrency Bitcoin to continue to push higher over the coming days, further supporting the bullish case for ETH.

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A Massive 500 Bitcoin Sell Order Hits Binance For First Time in a While, Heres What It Means – newsBTC

January 29, 2020 | Author: admin

Bitcoins recent movement up towards its 2020 highs at $9,200 caught some bears by surprise, as it appeared to elucidate a significant amount of strength amongst BTCs bulls.

Bears are currently fighting back, however, as one whale just put up a 500 BTC market sell on cryptocurrency exchange Binance, which could be one of the factors behind the cryptos inability to stabilize above $9,000.

Coupled with this bearish BTC sell order is the fact that Bitcoins open interest is about to hit $1 billion, which is a level that has historically been touched just prior to massive selloffs.

At the time of writing, Bitcoin is trading up 2% at its current price of $8,950, which marks a slight decline from its daily highs of $9,150 that were set yesterday evening when bulls attempted to push the crypto back towards its 2020 highs.

In the near-term, the resistance at this level appears to be growing increasingly strong, and unless bulls generate significant buying pressure, this latest rally could ultimately result in a bearish double top formation.

One factor that has heightened the bearishness of the rejection is the fact that a whale just placed a 500 BTC sell order worth nearly $4.5 million on Binance, creating a sell wall that may prove to be insurmountable for bulls.

Theres something we havent seen in a long while. A 500 BTC sell on [Binance], Hsaka, a popular cryptocurrency analyst on Twitter, explained in a recent tweet.

For as long as this sell wall is in place, all the buy orders around BTCs current price will be absorbed, thus leading it to stagnate or drift lower.

Another factor that could lead Bitcoin to see some further bearishness is the fact that Bitcoins open interest is just a hair beneath $1 billion.

The reason why this is important (and bearish) is because historically BTC has incurred sharp selloffs each time its open interest balloons to this level.

Open interest on #bitcoin is currently at $943 million. Every time weve hit $1 billion weve seen a pretty big sell off. Lets see if this time will be different, Jacob Canfield a prominent crypto analyst on Twitter explained in a tweet.

The coming several hours will likely provide insight into the long-term significance of these recent developments, and will provide clarity as to whether or not the latest rejection at $9,150 will mark another local high.

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