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Report: State-Sponsored Chinese Hackers Targeted U.S. Firms Even after Recent Cyber Pact

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An independent security firm has claimed that state-sponsored Chinese hackers have tried to infiltrate the networks of U.S. companies even after the recent cyber-pact where China and the U.S. agreed not to spy on each other for commercial and corporate reasons.

CrowdStrike Inc. has claimed that cyber and economic espionage agents allegedly associated with the Chinese government have tried to hack U.S. companies after the recent cease-fire agreement between the two countries to not spy on each other, reports Reuters.

At the time, a press release by the White House issued on September 25 during Chinese President Xi Jinping’s first stateside visit to the U.S., a substantial portion of the briefing contained a mutual agreement by the two countries not to spy on each other after the U.S. held back proposed sanctions before President Xi’s visit.

On cybersecurity, the press release read:

The United States and China agree that neither country’s government will conduct or knowingly support cyber-enabled theft of intellectual property, including trade secrets or other confidential business information, with the intent of providing competitive advantages to companies or commercial sectors.

CrowdStrike has told Reuters that it has notified the White House of the intrusions.

State-Sponsored Hacking Doesn’t Quit.

In a blog post, CrowdStrike notes that it has identified and “prevented a number of intrusions” into at least seven companies’ systems from attackers believed to be affiliated with the Chinese government.unlock

Co-founder of the cybersecurity firm Dmitri Alperovitch contends the servers and software used by the intruders gives reason to claim that they are backed by the Chinese government.

Pointing to one specific group called “Deep Panda,” he adds that previous attempts to infiltrate U.S. industry has resulted in targeting industries including Finance, Healthcare, Insurance, Legal, Agriculture, Technology and more.

While the intrusions were unsuccessful according to Alperovitch, he notes that looking into “every tool, command and technique used” by the hackers led his company to believe that the hackers were previous actors affiliated with the Chinese government.

While not revealing the names of the targeted companies, Alperovitch added that five companies were technology firms while two more are pharmaceutical companies. Noting that such an intrusion would go directly against the agreement made by the two countries, he added:

The primary benefit of the intrusions seems clearly aligned to facilitate theft of intellectual property and trade secrets, rather than to conduct traditional national-security related intelligence collection which the Cyber agreement does not prohibit.

A senior official from within the Obama administration, speaking on the condition of anonymity told Reuters:

“As we move forward, we will monitor China’s cyber activities closely and press China to abide by all of its commitments.”

Images from Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4 stars on average, based on 1 rated postsSamburaj is the contributing editor at Hacked and keeps tabs on science, technology and cyber security.




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Zcash Price Analysis: ZEC/USD Making a Comeback Despite US Homeland Security Seeking Ability to Trace Transactions

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  • ZEC/USD makes a firm bounce, after being victim of four straight sessions of losses, 25% drop over this period.
  • US Homeland Security has put out a pre-solicitation request on private transactions, attributed to the likes of Zcash and Monero.

ZEC/USD has been victim of consecutive losses over the recent sessions. The price has declined for the past four straight days – losing around 25% in this latest fall, being forced to seek refuge at an area of demand. Prior to this pullback, between the 24-26th November ZEC/USD was finding its feet, trying to bottom out. It managed to do this within the very low $60 region, before finally catching a solid bid tone. The price went on to rally a strong 57%, up to a high on the 29th at $96.93. It was the highest price print since the 20th November, when the market was still falling.

US Department of Homeland Security on Privacy Coins

The U.S. Department of Homeland Security recently put out a request of pre-solicitation. This is for them to be able to trace private transactions, with the ability to and perform blockchain analytics on cryptocurrencies. This is attributed to privacy coins such as Zcash (ZEC) and Monero (XMR). Their intentions are to tackle illegal and nefarious transactions, which occur on privacy-oriented blockchains. “This proposal seeks applications of blockchain forensic analytics for newer cryptocurrencies, such as Zcash and Monero,” as covered in the pre-solicitation doc. 

Technical Review – ZEC/USD

ZEC/USD daily chart

As briefly touched on above, ZEC/USD was forced to retreat back into a demand area. This can be seen running from $70 down to $60. A failure of this zone providing support could have sent the price into free-fall mode. As a result, bearish momentum would have likely intensified, sending this spiraling down towards $30 territory. ZEC/USD has seen a similar fall from the back-end of November to the final stages of December 2017. This was part of that market wide sell-off that was observed. Zcash had started dropping from heights of $260.

Upside Targets

Looking to the north, eyes will be on a retest of the 29th November high up at $96.93. Within this area, a new acting zone of resistance is seen. Previously, this was a demand territory for buyers; it had firmly been providing support, which was in play since September. This was then firmly broken on 20th November, tracking from $106 down to $95. This is an area the bulls must now try and break down for greater upside opportunities. Furthermore, an upside target would be $140 in the near-term. ZEC/USD was last trading here between 8-13th November, before resuming chunky downside.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 77 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Cardano (ADA) Has Big Security Boost as Trezor Ready to Support ADA

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  • Hardware wallet manufacturer set to support Cardano’s ADA, which is a big security boost.
  • ADA/USDT still demonstrates some near-term vulnerabilities to the downside. 

Trezor Set to Support Cardano’s ADA

IOHK were very much pleased to announce, that Trezor are currently undergoing preparation to support Cardano (ADA). Trezor are a globally known hardware wallet, which facilitates cryptocurrencies to be stored. They are renowned for the security and being able to store the key to the wallet safely. The company is a large manufacturer of hardware wallets. A huge boost in security for the foundation’s native token, something token holders should be pleased about.

The update came from the Cardano founder, Charles Hotkinson, via his Twitter account, indicating this could be the case before the month of November. Separately, Trezor themselves tweeted, “have you ever wondered what we are working on? Have a look at our newly created roadmap, where you can see all the new stuff that is coming up! https://wiki.trezor.io/Roadmap It lists other tokens which will be receiving support in addition to Cardano’s ADA that day. This includes the likes of Monero (XMR), Stellar (XLM), Ripple (XRP), Zencash (ZEN) and Zcash (ZEC).

What Next for Cardano?

The Cardano Founder, Charles Hoskinson, was recently speaking about how the team is going to be providing more insightful updates. He noted that they will soon start the creation and posting of videos with their future projects.

There is much anticipation from token holders regarding the imminent 1.4 update. Given Cardano’s growing number of users, this is said to be a large factor to the development of a new update from the foundation. This 1.4 update is expected to help Cardano gain further traction in bringing in more users to its platform and the use of its native token.

Technical Review ADA/USDT – 4-hour Chart

ADA/USDT 4-hour chart

Downside pressure continues to keep ADA/USDT at bay. The lack of announcement from Cardano with regards to its ecosystem update, as mentioned above, perhaps could be also taking its toll on the price. It is currently running within its 8th consecutive trading session in the red. No sign of bounce yet.

ADA/USDT price action remains stuck and dictated within this triangular pattern formation. The market bears, with the current losing streak, are set to test the key near-term support to the downside. This is seen at the lower part of the above-mentioned pattern, tracking at $0.0728 area, also within a touted demand zone. A breach potentially seen here, could see a very fast move back down to 18th September low area, around $0.0620. As a result, it is hard to ignore that the current technical set up, suggest of vulnerabilities.

In terms of resistance, this can be seen at the upper part of the pattern, tracking at $0.0800 mark. Enough upside momentum could see a breakout higher, back towards $0.0950 territory, price last within this proximity on 23rd September. Further north, any breach of the mentioned areas, $0.10000, will quickly be back in the picture.

ADA/USDT daily chart

To conclude as mentioned above, the near-term support $0.0728, is vital for ADA/USDT to hold. A failure of comfort here, could open the doors to a fresh wave of selling pressure.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 77 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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EOS Price Forecast: EOS/USD Heading for Another 300% Move?

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  • EOS/USD price action via the 4-hour chart view has formed a bullish flag pattern.
  • The price is moving around levels seen back end of March to early April, before a bull run of over 300%.

The past six sessions for EOS/USD have been erratic to say the least. It has been subject to a high amount of volatility, swinging aggressively in both directions. There has been a lack of commitment from either the bear or bull camps of late. As the market continues to trade with such behavior, it appears to be trying to find its feet, ahead of a potential chunky firm trend.

EOS DApp Hacked Again

An EOS based gambling DApp, EOSBet has been hacked, with $338,000 being reported as stolen. This isn’t the first time; just back in September, hackers managed to get away with a reported 40,000 worth of EOS, which at the time had a value of $200,000. It has been said that they were able to exploit their smart contracts, having found security vulnerabilities.

Technical Review – 4-hour Chart View

EOS/USD 4-hour chart

EOS/USD price action has formed a bullish flag pattern, which began taking shape on 15th October, after the aggressive price behavior stabilized. The bulls at the time ran the price well up into $6 territory. Consequently, it then met the breached ascending trend line, failing to move back above this area. This followed the sharp breakthrough to the downside, which occurred on 11th October. As a result, a drop of over 15% was seen, forcing EOS/USD to retreat in a demand area, within the $5.0000 level proximity.

Looking to the upside, small near-term resistance is seen at around $5.6100, which is the upper trend line of the mentioned bull flag pattern. A breakout will likely open the doors to a retest of the broken ascending trend line, tracking around $6.1100. Support can be eyed at $5.4600, which marks the lower trend line of the flag. Furthermore, should this fail to hold, EOS/USD could likely fall back down to the serving demand area, within the lower $5.0000 territory.

April 2018 Bull Run

EOS/USD April bull run

In April of this year EOS/USD entered a chunky bull run, gaining over 300%. From the back end of March until 11th April, the price had been stuck within consolidation mode. Resulting in the price trading within a tight range, at levels of where the price is currently seen today.

Something quite astonishing started to unfold. Between the period of 11th April to the 29th April, a bull run of around 290% was seen. Over this time frame EOS/USD went from $5.9500 up to a high of around $23.0811. The price is currently demonstrating a similar behavior to that of what was seen during the mentioned period. It is interesting to note that the price did have historical levels to break through, as it had already run higher during the period of December 2017 and came back down. Finally, this is not to say EOS/USD will observe the same bull run. However, it is an interesting observation to be aware of.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 77 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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