Category: Bitcoin share price

BlackBerry partners with Intel to launch a cryptojacking detection system

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The software company and former smartphone manufacturer, BlackBerry, has partnered with Intel to launch a crypto mining and cryptojacking detection system for Intel-based business computers.

According to the announcement, BlackBerry launched „BlackBerry Optics v2.5.1100,“ which is based on the BlackBerry Optics Context Analysis Engine, or CAE, to leverage Intel Threat Detection Technology’s CPU telemetry to provide businesses with advanced malware software. The main objective of this software is to detect cryptojacking attempts.

Ransomware attacks are increasing in the education sector
Runs on Windows 10

Since there is virtually no impact on the processor, organizations could use the software to mitigate and detect such threats with „greater accuracy and consistent results. The software works on all types of workloads running on the Windows 10 operating system.

BlackBerry cites a previously released Cointelegraph study called the Verizon 2020 Bitcoin Loophole Investigation Report. This report indicates that about 10% of organizations received (and blocked) crypto-mining malware at some point throughout the year.

Singapore records a 300% annual peak in cryptojacking attacks in the midst of the coronavirus outbreak

Cryptojacking as a growing threat
Josh Lemos, vice president of research and intelligence for BlackBerry Cylance, said that given the cost associated with crypto currency mining and payments for declining ransomware claims, cryptojacking is „an attractive option“ for threat players to generate revenue:

„With our new cryptojacking detection and response capabilities, we aim to make cryptojacking a thing of the past by providing companies and their employees with a decisive solution that allows them to thwart cryptojacking attempts and ensure that their software and hardware are used for the intended purpose.

Researchers detect ambitious Bitcoin mining malware campaign targeting thousands daily

In addition, Stephanie Hallford, Intel’s vice president of the customer computing group and general manager of commercial customer platforms, said

„Building on the Intel vPro platform created for business, enabled by Intel Hardware Shield, BlackBerry leverages hardware visibility to provide advanced security protection, and we applaud them for this release.

Cointelegraph reported on June 6 on data released by Russian cyber security firm Kaspersky. This data indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020.

On April 6, cybersecurity researchers identified a persistent and ambitious campaign targeting thousands of Docker servers daily with a Bitcoin Miner (BTC).

Bitcoin rate below 7,000 US dollars: Strong dump in the crypto market

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Bitcoin has been affected by a significant dump since 5 September at around 12 noon European time, and the same applies to most Altcoins. With double-digit losses the Bitcoin falls again under the mark of 7,000 US dollars. Thus, however, the cryptoprimus is still doing comparatively well.

Then one had prepared oneself for another quiet to boring afternoon, which continues the sideways movement of the last days, and then this: Punctually to the lunch break the crypto currencies start to a collective nosedive flight. With a few outliers the charts of the Top 100 turn red by the dozen, the loss is almost always in the double-digit percentage range.

With a loss of just four percentage points, the industry leader Bitcoin can still consider itself comparatively fortunate. However, this drop is sufficient to push it back below the 7,000 US dollar mark, which has become the reference value for the Bitcoin share price in recent weeks.

Not only the news spy is doing badly

The prices of the other listed crypto currencies develop in the same period as expected depending on the news spy. Thus, the top 10 crypto currencies Ethereum, XRP, Bitcoin Cash, EOS, Cardano and Monero are suffering double-digit losses like this: Meanwhile, the total market capitalization of the cryptographic market has fallen to 220 billion US dollars.

One of the few not affected by the dump is currently Bitcoin Diamond. Here, the current exchange rate is 2.95 US dollars. Thus Bitcoin Diamond has gained 127 percent in the last 24 hours. Also in the course of the week the coin registers a plus of 107 per cent, in the course of the month this is 80 per cent plus.

The chart technical perspective to the dump

From a chart technical point of view the MA20 is in the way again. The Bitcoin price could rise up to the resistance indicated on 3 September, but bounced off the moving average of the last 20 weeks:

What does that mean now? If the exchange rate continues to develop in this way, it could well fall below the 6,000 US dollar mark again. However, a closer look at the daily chart shows that there is still reason to hope for a positive reversal:

You can see that the price is currently testing the EMA50. Even if it falls below this level, it is still possible to undercut the downward trend pursued since January. Currently, the MACD line (blue) is falling, but is still above the signal (orange) and is positive. The dump consequently led to a fall of the RSI to just above 50. So there is still room for a bullish development from the Bitcoin price. It is important to observe whether the price can hold above the support described by the downward trend, which currently stands at around 6,600 US dollars. If it falls below this level, the upward trend started at the end of August is broken and one can expect further price losses.