Bitcoin is still at crucial levels as price is now below the 10 EMA and 50 MA. In the daily, we can see that price is currently hovering the 9,000 levels. If price is able to get back above the 50 MA, it would indicate that the range is still intact and bulls haven't given up yet. Otherwise, a failure to reclaim the 50 MA support, we may see price break below the 9,000 and spike of sellers to retest key support levels at around 8,600 - 8,500.
Global market cap is at $258B, while BTC's market cap is at $167B.
Ting Peng
Binance, one of the largest crypto exchanges in the world, just completed its largest upgrade. CEO Changpeng Zhao, or CZ, just announced the upgrade on June 28, noting that Binance re-wrote all the code and switched the matching engine to a new programming language, which could allow the exchange to perform 10 times faster for traders, and, in theory, will allow them to "handle 100x volume." CZ also states that this upgrade has been 2 years in the making, and that this should make Binance ready for the next bull run.
Felipe Erazo
Cybersecurity firm Symantec reported a failed ransomware attack by a group called "Evil Group". The group is known for demanding payment in Bitcoin (BTC) directed at 30 U.S.-based firms and Fortune 500 companies. According to the announcement published by Symantec, the group used the ransomware WastedLocker and managed to breach security of the targets' networks but was unsuccessful in staging the attack due to companies being alerted in time to prevent deployment of the ransomware.
Symantec didn't release information about the intended victims but said that the manufacturing sector was most affected and if the attack went through, it could have resulted to millions in damages, downtime, and a possible domino effect on supply chains.
The Australian Cyber Security Centre said a group of "state actors" hacked Australian networks on June 19, with one of the vulnerabilities they exploited being related to cryptojacking malware attacks. According to a 48-page report on the incident, the hackers exploited four vulnerabilities in Telerik UI, one of which was recently used by the Blue Mockingbird malware group to infect thousands of systems with XMRRig, a Monero mining software. While the advisory doesn't say if hackers could have installed cryptojacking malware, the vulnerability is the preferred one for cybercriminals to install crypto mining applications within corporate networks.
The report also notes that one of the malware identified in the attack is part of the arsenal of around 10 Chinese hacker groups, which allegedly have connections with China's government.
This Daily Dose was brought to you by SCI News Channel.
