Bitcoin is staying alive as it is on the move to get back above the 10 EMA trail support again. Currently, price is trading above 11,700 and hasn't shown any signs of giving up from the bulls yet. If price successfully breaks 11,900 - 12,000, a retest of the key resistance at 12,400 is imminent. Otherwise, trendline support may be invalidated and price may go for a dump if price doesn't hold 11,500 - 11,400 immediate support.
Global market cap is at $368B, while BTC's market cap is at $217B.
Google has pulled outsourced work from a Philippine business process outsourcing (BPO) company after employees were involved in a Bitcoin scam. Several employees of a Sykes Philippines branch in Cebu City were alleged to have siphoned around 60 million Philippine pesos ($1.23 million) of Google gift cards and converted them into BTC. Sykes affirmed to news outlets that employees breached their conduct standards but did not specifically mention the nature of the workers' violations.
Google confirmed that it has shifted work it outsourced to Sykes to another vendor in the country.
Coinbase and Apple are still not in agreement months after Coinbase's warning to customers that it might remove an application from the App Store in December. According to Coinbase CEO Brian Armstrong's tweet on August 22, Apple is still very restrictive with cryptocurrency and still blocking functionalities like earning money with crypto and unrestricted dApp browsers. The Wall Street Journal,The New York Times, and games developer Epic Games have called out Apple regarding fairer terms for developers.
The University of Utah's College of Social and Behavioral Science confirmed that they were hit by a ransomware attack on July 19, and decided to pay the $457,059 ransom in order to prevent a data leak. The attack left several computers inaccessible for several hours as staff took servers offline to prevent the malware from spreading to other machines in the network. After an internal discussion, school officials decided to work with the school's cyber insurance provider to pay the ransom to prevent a leak - with the insurance policy covering part of the ransom, while the school covered the rest themselves. No other details of the crypto involved in the transaction were disclosed.
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