Ripple price loses 21% in 5 hours

Ripple cryptocurrency price decreases 21% as the announcement doesn't live up to the traders' expectations
25 August 2017   2418

The Ripple cryptocurrency price had on surge this week, rising 89% from August 21-23. This surge was accompanied by a dramatic increase in trading volume (it exceeded $2.3 billion), primarily on South Korean exchanges.

It is believed, that such a surge had something to do with the rumours about Korean market showing interest in the cryptocurrency. Thus, the rumours have begun on the company’s social media. Ripple was about to announce a major partnership with a bank or corporation, most likely in Asia.

As shown, the rumours were based on the fact that Ripple’s Twitter page has been teasing out an announcement about their upcoming conference with a multi-day countdown. Some Twitter users noticed that a geometric resemblance between the shape in the tweet and the Korean subcontinent.

However, the Ripple price began to sink on Thursday after the announcement did not live up to investor expectations.

It goes without saying that the users were quite disappointed:

The price had gradually risen in the hours leading up to the announcement. At 14:00 UTC, the Ripple price was $0.289. Within an hour, it had dropped to $0.262, and it has continued to fall from there to $0.229, which is a 21% decrease from its pre-announcement-level.

Ripple charts on coinmarketcap.com Ripple charts on coinmarketcap.com

At the time of writing, Ripple's price is about $0.228, it has a market cap of $8.5 billion, which is about $1.9 billion less than 3rd-ranked Bitcoin Cash.

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.