2 minutes reading time (353 words)

Daily Dose: Bull Runs Attract Bad Actors Too

Bitcoin has reclaimed the $10,000 level again and is looking to test key resistances. In the daily, a bounce from the 10 EMA trail support can be spotted which shows that there's more room for a momentum upward. Price is currently hovering near the resistance around $10,400. Should there be a continuation, moving averages (MAs) are expected to catch up and trail with the trend. In the 4H chart, price bounced near 50 MA and broke out from its current range. Meanwhile, support sits around 9,600 in the daily chart and around $10,100 - $10,000 in the 4H chart.

Global market cap is at $302B, while BTC's market cap is at $188B.

A large transaction totaling nearly 12,000 BTC was moved from a wallet associated with the PlusToken Ponzi scheme into what appears to be cold wallet addresses. The coins are being split into smaller amounts, around 100-400 BTC per transaction, with the total amount valued at around $120 million. The PlusToken Ponzi scheme was one of the largest crypto scams in history, with past movements suspected to be a cause of sharp corrections in the prices of Bitcoin, Ether, and many other altcoins.

Outlaw, a group specialized hijacking computers to mine Monero (XMR), is now back and is trying to infiltrate businesses in the Europe and U.S. According to a report by Trend Micro, the group has been inactive and just began its activity in December and is targeting Linux-based enterprise systems using both pre-existing and new techniques to monitor programs that could detect its malware. The new malware is also able to hunt down and kill existing mining bots to eliminate competition and improve mining profits.

The report did not include details about the names of any businesses affected by Outlaw's malware. Companies most at risk are in the financial and auto industries that haven't updated their internet security systems.

This Daily Dose is brought to you by SCI News Channel.


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