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William Suberg

Billionaire Investor Marc Lasry: Bitcoin Can Soon Hit $40,000 as Trading Becomes Easier

 

NEWS

Avenue Capital Group co-founder Marc Lasry has said that Bitcoin’s (BTC) price is going to hit $40,000 n bullish comments to CNBC on July 18.

Speaking in an interview for the network’s Squawk Box segment, Lasry, whose debt management firm controls around $9.6 billion of assets, saw increasing ease of crypto trading as a major motivator for Bitcoin to rise, noting

“As it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more of the bet.”

Lasry added that he foresaw Bitcoin investors “making 5 to 10 times their money in 3 to 5 years.”

Lasry had previously expressed regret at not purchasing Bitcoin sooner, with reports this week alleging that he had since converted one percent of his net worth to the largest cryptocurrency.

Lasry added in the CNBC interview that the reason he likes Bitcoin is “because it’s the one everybody is going to come to.”

Lasry’s prediction came amid a rapid uptick in Bitcoin’s fortunes, with the coin suddenly rising up to 12 percent July 17 and maintaining new levels above $7,400 since.

Institutional investors have become a significant talking point in recent weeks regarding Bitcoin, with commentators eyeing movement towards the crypto sphere from the likes of investment giant BlackRock as a possible sign major new interest is on the way.

At $40,000, Lasry’s prediction is meanwhile conservative in nature compared to figures like those proposed by Tim Draper, whose 2022 Bitcoin price forecast is currently set at $250,000.

Controversial crypto personality John McAfee, infamously bullish, has meanwhile doubled down on Bitcoin hitting the $1 million price point hitting as soon as 2020.

 

 

 

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Marie Huillet

Malwarebytes’ Cybercrime Q2 2018 Report: Cryptojacking is Plateauing in Response to Markets

 

NEWS

Interest in cryptojacking is potentially waning among cybercriminals in response to lower cryptocurrency market valuations, according to a report from MalwareBytes Labs released July 17.

Cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge.

The data and analysis laid out in Malwarebytes Labs’ “Cybercrime Tactics and Techniques: Q2 2018” report shows that while cryptojacking remains popular, decreases in detections of the activity across the board suggest that the trend may be beginning to decline:

“We are not certain which [cybercrime] threat is going to take over as the top detection next quarter, but it’s unlikely to be cryptominers.”

The report proposes that the activity is receding from the cyberthreat landscape due to criminals’ disappointing revenue returns, adding that it expects cryptojacking to “stabilize” in correlation with market trends in cryptocurrency.

The recent decline is predominantly among consumer targets, with Windows cryptomining malware detections dropping in Q2, despite “rating highly on overall detections for the quarter.”

According to the report, after a massive spike at the end of Q1 2018, malicious Android cryptominers have also seen an abrupt decline, with a 16 percent drop in mobile miners from April to May. Despite this dip, there were still 244% more malware miner detections in Q2 than in Q1, and the report suggests the Android landscape in particular could potentially see a future increase.

The report claims that enterprises at present remain more vulnerable to cryptojacking. Data for cryptojacking targeting businesses has fluctuated “every month since the crypto craze began,” with each 2018 quarter showing “some form of spike in detections, the first being in January and the second in May.”

The report notes that cryptojacking strategies are nonetheless diversifying. While Coinhive-relatedactivity continues to be detected at high volumes, other in-browser programs such as ‘Cryptoloot’ are becoming more popular, and attackers are increasingly “leveraging open source web mining code and adapting it to their needs.”
Malwarebytes Labs’ suggestion that cryptojacking was at its highest in Q1 2018 is echoed by a recent report published by McAfee Labs, which showed a staggering 629 percent rise in the activity in Q1 2018 over the preceding quarter. McAfee focused specifically on so-called coin minermalware, which works by using the Coinhive code

 

 

 

 

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About Howard Mahere

I'm a Bitcoin/Cryptocurrency enthusiast ; motivator; author of "AN IMMIGRANT WITH A PLAN" and a John C Maxwell certified speaker . Happily married to Emely and a father to one son and two daughters. My greatest joy comes from inspiring others to maximize their potential. I feel fulfilled when I bring hope to the hopeless and encouragement to the discouraged. The truth is, we each have a past, and it's either our prison, our excuse OR our springboard to a brighter future. The choice is yours but as for me, I made up my mind a long time ago to use my dysfunctional tough childhood as a stepping stone . The late Zig Ziglar used to say "It's not what happens to you that determines how far you will go in life, it is how you handle what happens to you." This is my story and I am sticking to it!
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