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BPSAA | Blockchain Privacy, Security & Adoption Alliance

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BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

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Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

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TA: Ethereum Consolidates Above $600, A Strengthening Case for Upside

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Ethereum cleared the $600 resistance level and tested the $625 zone against the US Dollar. ETH price is consolidating above $600 and likely setting up for the next move.

  • Ethereum settled above the key $600 resistance level and climbed towards $625.
  • The price is currently consolidating near the $600 support and the 100 hourly simple moving average.
  • There is a major contracting triangle forming with resistance near $620 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a fresh increase above $620 as long as it is above the 100 hourly SMA.

Ethereum Price Resistance Turned Support

There was a steady increase in Ethereum after it broke the $600 resistance. ETH price even broke the $610 level and settled above the 100 hourly simple moving average.

It traded close to the $625 resistance before starting a downside correction. A high was formed near $624 and the price corrected lower below $615. There was a break below the 50% Fib retracement level of the upward move from the $587 swing low to $624 high.

Ether is currently approaching the $600 support zone and trading above the 100 hourly simple moving average. There is also a major contracting triangle forming with resistance near $620 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

The triangle support is close to the 61.8% Fib retracement level of the upward move from the $587 swing low to $624 high. As long as the price is above the $600 support and the 100 hourly simple moving average, it could start a fresh increase.

An initial resistance is near the $615 level. The main resistance is near the $620 level, above which ether price is likely to accelerate higher above $625 and $630.

Downside Break in ETH?

If ethereum fails to clear the $615 resistance and the triangle upper trend line, there is a risk of a downside break. The first key support is near the $600 level and the 100 hourly simple moving average.

A downside break below the $600 support and the 100 hourly SMA could spark a sharp decline. The next major support is near the $570 level, where the bulls are likely to take a stand.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly losing momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is currently rising and approaching the 50 level.

Major Support Level – $600

Major Resistance Level – $620

Source: https://www.newsbtc.com/analysis/eth/ethereum-consolidates-above-600/

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Man saves Canadians from Bitcoin ATM scams

TL:DR Breakdown: A store owner in North Delta saved Canadians from sending thousands of dollars to Bitcoin ATM scammers. This scam has been on the rise in the country, as many people aren’t aware of the Canadian law. Scammers are increasingly pestering residents in Canada with lots of Bitcoin ATM scams, where they impersonate certain […]

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TL:DR Breakdown:

  • A store owner in North Delta saved Canadians from sending thousands of dollars to Bitcoin ATM scammers.
  • This scam has been on the rise in the country, as many people aren’t aware of the Canadian law.

Scammers are increasingly pestering residents in Canada with lots of Bitcoin ATM scams, where they impersonate certain government agencies to steal money from unsuspecting people. As the law enforcement authorities go out to inform/warn citizens about the frauds, a British Columbia (B.C) convenience store owner, Ravi Patel, and his wife learned and was able to convince many people from sending thousands of dollars to the scammers via the Bitcoin ATM.

Canadians are losing thousands in Bitcoin ATM scams 

Patel was informed about the rising Bitcoin ATM scams by the local police, who moved around the community to alert the residents who may be unfamiliar with Canadian laws. The B.C. convenience store owner took things a bit further by posting warning signs about the scam on the Bitcoin ATM in his store. The warning was written in both English and Hindi, according to the report.

The store owner mentioned that they had stopped more than eight persons from making crypto transfers to the scammers. Per the report, they recently halted a man from transferring about $5,500 to the scammers via the Bitcoin machine. Also, they were able to intercept a girl’s transaction with the scammers. According to them, she had $7,000 and already sent $3,700 to them. “My wife and I both rushed to her, grabbed her hand, and then we stopped her.”

Scammers impersonate gov’t agencies to defraud people

As reported, the scammers pose as Canadian government agencies when reaching out to the potential victims. The fraudster would claim that these people defaulted on a thing or the other and also ask them to send a certain amount of money via the Bitcoin ATM in order to correct the issue. However, the police made it known that the government would demand any payment or tax from the residents via Bitcoin.

“The government does not demand any payment in Bitcoin. If any Canadian government agency demands you pay your bills, your taxes in Bitcoin, it’s a sure sign it’s a scam,” said Cris Leykauf, who is the public affairs manager for North Delta police. 

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Hackers Demand 200 Bitcoin Ransomware After Compromising Leading Israeli Insurance Company’s Sensitive Data

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A notorious hackers’ group called The Black Shadow has compromised one of the largest insurance companies in Israel – Shirbit. The attackers have already released sensitive client documents and have demanded a ransom in bitcoin, which could rise to $4 million by the end of the week.

Israeli Insurance Company Hacked

According to a local media outlet, the first confirmation of the hack came on Monday evening. Representatives of The Black Shadow group posted an initial batch of compromised documents on a Telegram channel.

Shirbit had contacted the National Cyber Directorate and Capital Market Authority to open an investigation. Shortly after, the organizations confirmed the breach and indicated that the hackers have also leaked numerous insurance details, alongside the initial documents.

According to the report, Shirbit has many high-profile customers, including government employees. Company CEO Zvi Leibushor said that the safety of its clients is Shirbit’s top priority.

“Shirbit has invested millions of shekels in securing databases and protecting against cyber-attacks and meets all the stringent regulatory requirements in this area.” He added that the firm has invested “all resources and efforts needed for an effective safe and rapid solution to this cyber-attack, whose real goal is to try to harm the Israeli economy.”

Demand Requested In Bitcoin

After releasing a small part of the compromised documents, The Black Shadow reps have contacted the victims to request 50 bitcoins (about $960,000 with today’s prices).

However, in case Shirbit failed to pay the attackers within the first 24 hours, the demand would double to 100 bitcoins. The procedure will repeat and double to 200 bitcoins if another 24 hours pass without payment.

Furthermore, the hackers threatened the insurance company that if it fails to transfer the funds by the end of this week, they will sell all compromised data to other bidders.

It’s worth noting that numerous other Israeli companies and high-profile individuals have recently become victims of similar hacks and demands.

CryptoPotato recently reported that 20 Israeli crypto executives, all clients of the local telecommunications giant Partner, were hacked by stealing their SMS messages.

Another coverage informed that a new type of ransomware attacked called Pay2Key has been executed against several Israeli companies in the second part of 2020. The perpetrators had requested the demand in bitcoins, similarly to the Shirbit hack.

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Source: https://cryptopotato.com/hackers-demand-200-bitcoin-ransomware-after-compromising-leading-israeli-insurance-companys-sensitive-data/

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