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Every Fifth Corporate Network Faced a Cryptomining Malware Attack in 2020

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Cryptocurrency - Investors King

Data acquired by cryptocurrency trading simulator Crypto Parrot indicates that cryptomining malware accounted for the second-largest corporate network attacks at 21% between January 1, 2020, and December 31.

Botnet took the pole position during the same period at 28%. Infostealer ranks third with a share of 16%, followed by mobile at 15%. Banking malware attacks rank fifth with a share of 14%. Ransomware accounted for the least form of attack at 5%.

In terms of regional distribution, cryptominers accounted for 19% of corporate malware attacks in the Americas. Europe, Middle East, and Africa (EMA) region saw cryptomining malware take up 21% of attacks. The Asia-Pacific region accounted for the highest cryptomining malware attacks on corporate networks at 26%.

Surging crypto sector value contributes to rising in cryptomining malware

The report overviews some of the contributing factors for cryptominers to occupy a significant share among corporate malware attacks. According to the research report:

“In 2020, digital assets remained resilient amid the economic meltdown occasioned by the coronavirus pandemic. The value of cryptocurrency began rising from the third quarter of 2020, led by bitcoin in return bolstering the amount of money hackers can rake in. In general, attackers took advantage of the price trend and increasingly spread malware to exploit other people’s computer resources for illegal mining activities.”

Cryptomining hackers are also advancing their act by focusing on anonymous digital assets, like Monero.

In general, they are going for assets that can hide transaction parties and amounts that cannot be linked to previous transactions and are designed for mining on ordinary computers.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Cardano Price to Reach All-time Highs, Hit Bitcoin and Ether

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Cardano, a rival cryptocurrency to Ethereum, is likely to hit all-time highs of $2 before the end of 2022, predicts the CEO of a global, game-changing financial giant.

The bullish prediction from Nigel Green of deVere Group comes as Cardano (ADA), the fifth largest crypto, has jumped by almost 50% in just seven days ahead of a major new tech launch today, and currently has a market capitalisation of more than $47 billion.

He says: “Cardano is coming of age in 2022 and we can expect its price to soar and take more market share from crypto rivals, including Ethereum.

“The main reason why Cardano has jumped dramatically in price over the last week is due to the enthusiasm surrounding the launch today of SundaeSwap, which will make use of its pioneering underlying blockchain technology.”

The crypto advocate goes on to explain: “SundaeSwap is a decentralised cryptocurrency exchange on which users can buy, sell, lend, borrow and swap Cardano tokens as well as the exchange’s own SUNDAE token.”

According to reports, 2 billion SUNDAE tokens are to be issued at the launch on Thursday, 55% will go to the public, 25% to the developers, and the rest will go to investors and advisers.

“I’m confident that we will see Cardano hit fresh all-time highs before the end of the year because the upgrades just keep on coming,” says Nigel Green.

“We’re hitting the next stage of Cardano’s five defined eras of development. This next one is called Basho – named after a Japanese poet – and it promises to further improve the scalability and interoperability of the network through both on-chain and off-chain enhancements.

“Inevitably this is going to excite investors who are likely to increase their exposure to the cryptocurrency, driving up its price considerably.”

In September last year, the deVere CEO, who has a proven track record with crypto predictions, said: “Cardano is likely to be a challenger to Ethereum as not only can it be used as currency, but its blockchain – the tech on which it runs – can also be used to build smart contracts, protocols and decentralised applications. Plus, it is said to be significantly more scalable than Ethereum.

“It will also pose a challenge to the all-mighty Bitcoin.  This is because those who invest in digital assets already or are planning to do so, know that one of the secrets of successful investing is diversification.

“Therefore, these investors will want their cryptocurrencies diversified too and this is ultimately likely to eat into Bitcoin’s market share.”

Of the current price rebound, Nigel Green concludes: “I believe this is just the start of what should be a monumental year for Cardano.”

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Coinbase Partners Mastercard To Enable Credit Card Payments in NFT Marketplace

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Coinbase Partners Mastercard To Enable Useage of Credit Card on NFT Marketplace-Investors King

Coinbase, one of the leading cryptocurrency exchange platforms has partnered with Mastercard, a global payments and credit card company to introduce credit card payments in the upcoming Coinbase NFT Marketplace.

According to the company, the partnership with Mastercard is to simplify users’ experience in the NFT marketplace by allowing millions of people access the Marketplace to mint, purchase, showcase, and discover NFTs. The transactions would be classified as ‘digital goods’.

The goal is to allow non-crypto natives to get into NFTs without using a wallet, buying Ethereum or other tokens, but rather make use of their credit cards. This announcement was made on Coinbase and Mastercard’s official blog pages.

Speaking on the Coinbase partnership with Mastercard, Prakash Hariramani, Coinbase senior product director for payments and commerce said, “we’re doing an industry first and taking the lead in the crypto economy for this new and growing class of NFTs.

“Our mission at Coinbase is to increase economic freedom in the world. And we believe by enabling more people to join the creator economy and profit from their work, NFTs have an important role to play in this mission.”

On the Mastercard’s partnership with Coinbase, Raj Dhamodharan, Mastercard executive vice president of digital asset and blockchain products said, “we’re working to make NFTs more accessible because we believe tech should be inclusive. When more people are included in new technologies, it spurs innovation, helps economies grow, and expands choices for consumers.”

Dhamodharan believed that the current process of purchasing NFT on the marketplace is too rigorous to non-crypto enthusiasts, “if you want to buy an NFT — such as a digital art piece — you first need to open a crypto wallet, buy crypto, then use it to purchase an NFT in an online marketplace. Cryptocurrency enthusiasts are used to this process. But for most people, it’s not simple, it’s not intuitive. We think it should be much easier. That will ensure NFTs can be for everyone.” He said.

Dhamodharan further assured of data security to ensure that Mastercard customers’ data is protected and the NFTs they buy are secure.

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Shiba Inu Coin Burn: Bigger Entertainment Adds 10 Licensed Games To Burn More Shiba

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SHIB Army-Investors King

Bigger Entertainment a crypto entertainment company and a strong supporter of the SHIB community has added 10 licensed games on its website to aid more burning of Shiba Inu coin. Data on the websites showed that a total of 1,020,508,035 SHIB has been burned so far.

This announcement was made through the official handle of Steven Cooper, the CEO of Bigger Entertainment. 

The 10 licensed games on the Bigger Entertainment website are; Harvest Honours, Fireboy and Watergirl, Zombie Last Castle, Bubble Game 3, Garden, Tales, Solitaire, Bon Voyage, Bingo, and Black Jack.

Responding to a Twitter user question on why the need for multiple burning games, Steven Cooper said, “people like having options. That would be like us saying there can only be our playlists and our music, no other styles. We need a variety of things that are burning. No need to switch if you like Bricks Buster. This is just to add some variety and more options.”

Travis Johnson, the developer of the mobile game app, Bricks Buster congratulated Bigger Entertainment on their new Shiba burning venture.

Bigger Entertainment said funds generated from Ads revenue and in-game purchases will be used to burn Shiba Inu coin. The company plans to add new games to its collection every week.

“All of Our Licensed games uses Ad revenue and in-game purchases to Burn”

Data from Shibburn showed that 109,824,657 SHIB has been burnt in the last 24 hours, a 39.62 percent increase in SHIB burn rate. Data further revealed that 410,301,220,762,891 SHIB has been burnt from the initial supply.

At press time, SHIB is 4.90 percent down in the last 24 hours, trading at $0.00002887.

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