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Nov 29, 2019 at 11:46 // News

A deadly hacking group has started mass-scanning the internet in search of Docker platforms with API endpoints, starting with those that are exposed on the internet. The action of scanning began on Nov 24, 2019 and raised instantly because of its gigantic size. And this seems not to be just an average script kiddie abuse trial.

Hackers Aren’t Sleeping

The main drive of these particular mass-scans is to enable attackers to give commands to the Docker container and also use a digital currency miner on the firm’s Docker instances, so as to raise funds for their own selfish gains.

As per now, the hacker team making these malevolent attacks is at this time trying to scan over 60,000 IP networks (netblocks) searching for all the exposed potential Docker instances to hack. The moment the players finds any exposed host, hackers deploy the API endpoint to begin an Alpine Linux operating system that can support some of the commands that they use.

Some of the commands has the capacity to download and execute a Bash script from the hackers’ internet and data servers. Furthermore, the script runs and sets up a model XMRRig digital currency miner. Within just a period of four days of the operation, attackers have successfully mined over 15 Monero (XMR) cryptocurrencies that are worth more than USD 750.

Be Careful

Additionally, the malware campaign also possesses a self-defense mechanism. It also uninstalls all those monitoring agents that are identified and further damages several processes through a script that is accessed from a specific website (

When you observe the script, you will find that attackers disable security items, they are also closing processes related to competitor crypto-mining botnets like
DDG and others. Attackers are also forming backdoor accounts on the attacked containers, and they make SSH keys to be accessed without any hustle.

For now, users and institutions that use Docker instances are advised to straightaway check if they are putting their API endpoints at risk by leaving them widely exposed online, to shut down all the ports, and also dismiss unidentified containers under use. By Coin Idol , 2019-11-29 13:46:00 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

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Nick Chong , 2019-11-10 12:00:38

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