Fake Ledger Live Google Chrome Extension Stole 1.4M XRP

By Marie Huillet

 

A fraudulent Google Chrome extension has allegedly stolen as much 1.4 million XRP from users this month alone.

In a series of tweets published on March 24, the research team “xrplorer forensics” claimed that fake Ledger Live extensions are being used to collect user backup passphrases:

''  They are advertised in Google searches and use Google Docs for collecting data. Accounts are being emptied and we have seen more than 200K XRP being stolen the past month alone.''

Revising this initial figure, xrplorer forensics later amended its estimate to “close to 1.4M.”

The fraudulent extension is still available on Google Store

 

 

According to the researchers, most of the stolen XRP appears to still be held in accounts, with a proportion cashed out via the crypto exchange HitBTC.
Sharing a screenshot of a post request from the alleged scam, xrplorer forensics warned the community against downloading tools for their hardware wallets from any developer other than the vendor directly — in this case, French crypto hardware wallet manufacturer, Ledger. 

Keep reading on Cointelegraph

Technical analysis on OIL! Trading plan and key levels

By VasilyTrader

DAY TRADING. TOP-DOWN ANALYSIS IN ACTION.

 

Technical analysis on OIL! Trading plan and key levels explained.

 

The Week Ahead – Economic Data, Economic Uncertainty and COVID-19 Updates to Drive Risk Sentiment

By Bob Mason

On the Macro

 

It’s a quieter week ahead on the economic calendar, with 51 stats to monitor in the week ending 28^th March. In the week prior, 58 stats had been in focus.

For the Dollar:

 

It’s a busy week ahead for the greenback, with U.S data making up the lion’s share of stats for the week.
Last week we saw the Dollar on the bounce, supporting those that believe it’s dangerous to bet against the Dollar.
This week, we’ll get a sense of how true that view stands.
Prelim private sector PMI numbers for March are due out on Tuesday. Looking at the estimates, economists have lowered the expectation bar, but could still be overly optimistic.
With the U.S already facing the wrath of the coronavirus, one would expect a marked contraction across both sectors.
On Wednesday, durable goods orders for February are due out that will also set off some early warning signals. Asian markets were already under the cosh, which should be reflected in the numbers.


On Thursday, finalized 4^th quarter GDP numbers should be brushed aside, as should trade data. We would expect the weekly jobless claims figures to have a material influence, however…
Look out for any move back towards 300k levels. The last time initial jobless claims breached 300k was back in March 2015. At that time, the unemployment rate had stood at 5.4%. Economists have forecast a jump to 775K, which would be unprecedented. Once again, however, this may also be overly optimistic when considering the shutdowns across the country. The more pessimistic have forecasted claims of as much as 2m and possibly more.

Continue the Whole Story on Yahoo Finance 

How to trade channels? Technical analysis on USDCHF/GOLD

By VasilyTrader

MARKET PREVIEW FOR NEXT WEEK.

 

 

 Trading plan and forecast for USDCHF/GOLD

 

 

How To Trade Gold & Bonds During High Volatility

By Chris Vermeulen

 Chris Vermeulen shares his take on the Gold and Bond market corrections.

The video shows that both Gold and Bond face strong selloff after wave of panic in the stock market.

Tesla Plunges as RBC Slashes Price Target Due to Coronavirus Pandemic

By M. Corey Goldman

Shares of Tesla plunge after RBC Capital markets analyst Joseph Spak slashes his one-year price target on what he expects to be a sharp drop in demand.



Shares of Tesla (TSLA) - Get Report were on track to open below their early January levels after RBC Capital Markets analyst Joseph Spak slashed his one-year price target on what he expects to be a sharp drop in demand.
In a research note, Spak said he was lowering his price target to $380 from $530 while maintaining an underperform rating on the stock amid what he expects to be constrained demand in the second quarter, which may force the company to cut production.
Spak now expects 364,600 deliveries for 2020 and 572,100 deliveries for 2021, down from his prior estimates of 524,200 and 618,000, respectively. 

 "Ultimately, we see 1Q20 challenges given typical [end-of-quarter] push, very low 2Q20 demand given a weak auto market and lower mid-term growth as the consumer reels and Tesla's products are luxury," he said. "We believe this experience could dent the multiple investors will be willing to pay for the Tesla story." 

Read The Whole Story on TheStreet

Forbes Report: World’s Top 10 Billionaires Lost $38B on Black Monday

By Helen Partz 

Cointelegraph

Amid intensifying fears over the coronavirus, the United States stock market saw another historic day causing whopping losses for the world’s richest people.

On March 9, the U.S. stocks experienced another dismal day, with major stock indices like the S&P 500 and Dow Jones plunging more than 7%. This coincided with a major bloodbath in crypto markets, with Bitcoin (BTC) dropping nearly 10% over a day. According to some reports, Monday, March 9 became the worst day for U.S. stocks since 2008.

At $6 billion, Bernard Arnault suffered the biggest losses on the day

 

 

Referred to as Black Monday, the historic stock market day reportedly triggered multi-billion dollar losses for some of the richest people around the world, Forbes reported March 9. According to Forbes’ calculations based on its proprietary wealth-tracking platform, the top 10 biggest billionaires lost a combined $37.7 billion due to the crash of the stock market.

As such, Bernard Arnault, the world’s third-richest man, reportedly suffered the greatest losses among the top 10 list, losing as much as $6 billion on the day. Jeff Bezos, the world's richest man, with a net worth of $114 billion, saw his fortune plunged $5.6 billion by the Black Monday’s market close. Famous investor and known Bitcoin sceptic Warren Buffett lost $5.4 billion on the day, according to Forbes.

Read The Whole Story on  Cointelegraph