July started sluggishly but then it saw several of the popular cryptocurrencies increase in value. But surprisingly enough, no major cryptocurrency ranked among top 10 coins, including Bitcoin, Ethereum and Ripple, has surfaced on the list.
The outbreak of COVID-19 pandemic triggered the growth of various kinds of fraudulent activity, including that involving cryptocurrency. Despite such activity harming people from all over the world, the citizens of developing countries seem to be more vulnerable.
The ongoing wave of hacks and attacks affects the operation of many companies in the cryptocurrency field. One of the biggest hardware wallet manufacturers Ledger has recently suffered a hack that led to losing about a million emails as well as other customer information.
When it comes to cryptocurrencies, there are just heaps of viewpoints from the general public, some of which paint a terrible image of digital currencies, while others are stimulating. But it is difficult to start any crypto business without understanding what is true and what isn’t about digital currencies.
The Ouhai police in Wenzhou, China, arrested 10 people belonging to a criminal gang running the Huobi Global Moving Brick Arbitrage HT Chinese Group Community scam project in Telegram. During the arrest, the police confiscated a luxury villa, cars, flagship smartphones, computers, as well as cryptocurrency totalling to over 100 million yuan.
Coinidol.com, the world blockchain news outlet, has launched a new project called "Coinidol Expert Club", that will help new names to rise among well-known world experts in the field of Blockchain, Bitcoin and Financial technologies. The names of experts, that enter the club, will become popular among the readers from 174 countries of the world that visit Coinidol.com 1 million times per month. The best members of Coinidol Expert Club will be quoted by authors of editorial articles on Coinidol.
Since the inception of bitcoin, cryptocurrency exchanges have been a major target of attack compared to other traditional financial institutions such as banks. As cryptocurrency platforms tighten cybersecurity, hackers find new cracks in the wall.
The University of California had to pay a $1 million ransom to regain access to the research performed at their Medical School. The incident has proven the healthcare industry is still vulnerable to hacker attacks.