According to a report by the cyber-security company Trustwave, hackers have broken through to Make-A-Wish Foundation’s website and have infected it with cryptojacking malware.
Cryptocurrency Market Updates
The price of Bitcoin has dropped to below $5000 in the last 24 hours, making it the lowest the number one cryptocurrency has been since 2017. The crypto’s price is currently at $4677.21 per token, which is approximately a 40% year-on-year loss.
On November 15, BCH miners started the fork process. However, miners from the Bitcoin ABC group mined the first block, while Bitcoin SV miners mined the next block, leading to a split in the BCH Blockchain. To assert Bitcoin ABC’s dominance, Jihan Wu, the co-founder of Bitmain, the leading supporter of the ABC party, mobilized his mining force.
The crypto market took a turn for the worse when it lost nearly $30 billion in total market capitalization – but not every asset struggled to find buyers. In fact, certain stablecoins like USD-C, TUSD and DAI each witnessed a more than 200 percent increase in 24-hour trading volume amid the broader market sell-off as traders flocked to what they may have perceived to be safer alternatives in an effort to escape market volatility.
The US Securities and Exchange Commission (SEC) has forced two companies to register their ICO token sales (Initial Coin Offerings) as securities offerings. This is the first time that the SEC has taken such civil actions without added fraud charges.
Nvidia released its third quarter earnings results on November 15, which revealed that the demand for the company’s GPUs (Graphic Processing Units) by cryptocurrency miners has more or less dried up.
The CSO of CoinShares, Meltem Demirors, speaking on CNBC’s Fast Money Segment, urged investors to calm down amid the massive 12% price drop experienced by BTC in the last 24 hours.
Despite the fact that Bitcoin Cash has a scheduled hard fork on November 15 – tomorrow – Asian traders are buying up the cryptocurrency. Their logic is that even though it is almost certain that this hard fork is going to result in two new cryptos being created, the original one is going to be more valuable than the two new ones.
A continuing legal battle between investors of XRP and the startup Ripple is moving to the Federal Court. According to documents published by the courts on Monday, Ripple Labs and its affiliates’ lawyers have filed to move the class-action lawsuit against them to the District Court from its current location at the San Mateo Superior Court.
According to the details given in a new patent filing by the American technology giant IBM, the entire process of conducting scientific research could benefit from Blockchain technology.