 QUOTE OF THE DAY  |
| “What can’t kill Bitcoin, makes it stronger.” - Mark Wittkowski |
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Blockchain Brew Team
Thank you to all those who voted in last week's poll. Here are the results so you can see how you compare to other Blockchain Brew members!
| COIN | PRICE | 24H |
|
| BTC | $6,408.518577 | +1.28% |
|
| ETH | $320.36145 | -0.38% |
|
| XRP | $0.305103 | +0.54% |
|
| BCH | $581.190367 | +1.74% |
|
| EOS | $5.143211 | +0.84% |
|
*Information as of 9:30 AM EST
Research Finds that Americans are More Likely to be Targeted by Crypto Hackers
A new report conducted by a Russian computer forensics and information security firm called Group-IB studied cryptocurrency related hacks
AMERICAN TARGET
- The report studied which countries are most prone to attacks and found that one in three cryptocurrency attacks target Americans
- Following the United States are Netherlands and Ukraine as the second and third most likely to be targeted
ACCOUNT LEAKS
- An investigation into hackers' methods find that hackers are using a software known as Pony Formgrabber to steal victims' login credentials
- Exchanges have lost more than $80 million due to account leaks and the researchers were able to identify more than 50 botnets performing this sort of attack
- A majority of the hackers originate in the United States and the Netherlands
PROTECT YOURSELF
- After completing the study, the researchers recommended how a person can protect themselves from the type of attacks that are occurring:
- Use a different password for every crypto exchange
- Enable two-factor authentication on all accounts
- Never use public wifi to access exchanges
Kim Dotcom Recommends Investing in Bitcoin Before US Debt Bubble Pops
KIM DOTCOM
- Kim Dotcom is a controversial internet entrepreneur and political activist
- He is most famous for creating Megaupload, a file-sharing site that existed in 2005-2012
- As a result of owning Megaupload, he has been accused of criminal copyright infringement and other charges, such as money laundering, racketeering and wire fraud, by the U.S. Department of Justice
US DEBT
- Currently, the US debt is sitting at over $21.3 trillion
- The government's debt is expanding with no stop in sight, the US government is adding roughly $1 trillion in debt every year
BUY BTC
- Kim Dotcom took to Twitter to warn his followers that the US fiscal policy is not sustainable
- He recommends that everyone protect themselves from a crash of the US economy by investing in gold and Bitcoin
New Pre-IPO Document Shows Mining Giant Bitmain Owns 5.8% of Bitcoin Cash Total Supply
LEAKED DOCUMENT
- To prepare for Bitmain's massive IPO with a potential valuation of $18, the mining giant created a pre-IPO investor packet
- However, one part of that investor packet was leaked: Bitmain's crypto holdings
The leaked document shows quite the story, but only shows information up to March 2018:
PORTFOLIO BREAKDOWN
- From the leaked document, one can see that Bitmain only discloses five crypto holdings including Bitcoin Cash, Bitcoin, Litecoin, Dash, and Ethereum
In order from greatest to least, here are Bitmain's estimated crypto holdings at current prices:
- Bitcoin Cash - $600 million
- Bitcoin - $143 million
- Litecoin - $56 million
- Dash - $52 million
- Ethereum - $350,000
BITMAIN AND BITCOIN CASH
- Bitmain is making a huge bet on Bitcoin Cash as it has acquired about 5.8% of the total supply with 1.02 million BCH
- The acquisition of BCH has likely come from mining profits and fiat purchases as it looks like the company is selling Bitcoin for expenses and other investments
- In addition, Bitmain just announced a $3 million investment last week in a Bitcoin Cash-powered advertising startup
FINAL THOUGHT
- It is unclear why Bitmain is selling Bitcoin and loading up on other cryptocurrencies since most of them are priced against Bitcoin
- However, one thing is clear, Bitmain must have big plans for Bitcoin Cash with a portfolio holding that big
BitConnect Set to be Delisted from Last Crypto Exchange
ADIOS BITCONNECT
- BitConnect (BCC), a once-popular cryptocurrency that promised investors a 1% return per day, is now being delisted from the last cryptocurrency exchange Trade Satoshi
- The delisting comes months after the BitConnect Ponzi scheme fell through in January 2018 because of regulatory scrutiny, bad press, and distributed denial of service (DDoS) attacks
- After the Ponzi scheme collapsed, the BCC token fell from an all-time high of over $400 to $7 almost immediately and currently it trades at around $0.67
THE PARTY JUST STARTED
- Details have been released that show the founders made off with an estimated $3 billion in Bitcoin at the time of the collapse
- However, the collapse of the Ponzi scheme was only the start of problems for BitConnect
- Since then, two class-action lawsuits are going after the platform and its operators after one set of investors lost over $770,000 due to the crash
- In addition, a BitConnect top official's wife has been kidnapped (likely retaliation after the collapse) and the investigation is now suspecting murder
SOME ADVICE
Here's some solid advice you've probably heard from your mother before that applies to crypto and ICOs: If it's too good to be true, it probably is.
- Controversial Stablecoin Tether Issues New Batch of USDT Tokens Worth $50 Million
- How Crypto Reacted to This Week's SEC Bitcoin ETF Delay
- Two Swiss Banks Now Accepting Money From Crypto-related Activities
Bitcoin (BTC)
Revaloot will give coins at a 1:1 ratio to all Bitcoin holders on block 53608.
Today in Crypto is powered by coinmarketcal.com
| Genaro Network (GNX) |
| The Genaro Network is the first decentralized storage network with a Turing-complete public blockchain, providing blockchain developers a one-stop solution to deploy smart contracts and store data simultaneously. Meanwhile, Genaro provides everyone with a trustworthy internet and a sharing community. As the creator behind the blockchain 3.0 concept, Genaro aims to contribute to blockchain infrastructure technology development. Through the Genaro Hub and Accelerator, we aim to foster thousands of DAPPS, to move applications from the Cloud to the Blockchain and thereby create a global blockchain ecosystem. |
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