Monthly Archives: August 2019

Binance Considering Support for 30 Tokens for US Customers

Major cryptocurrency exchange Binance has announced that it is considering 30 different cryptocurrencies for trading on its platform for U.S.-based clients. Major cryptocurrency exchange Binance has announced that it is expanding the number of digital assets available to United States-based customers. Per a blog post published on Aug. 9, Binance is considering support for 30 digital assets on the Binance US marketplace, its cryptocurrency exchange platform accessible to U.S.-based customers. Major tokens under consideration include Bitcoin (BTC), EOS (EOS), Ether (ETH), Cardano (ADA), Cosmos (ATOM), Basic Attention […]

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Researchers Discover New Cryptocurrency-Focused Trojan

Computer analysts have found a new type of virus — a remote-access trojan — that targets cryptocurrency users. Computer analysts at cybersecurity firm Zscaler ThreatLabZ have found a new type of trojan that targets cryptocurrency users. In a blog post published on Aug. 8, the company reveals that it identified a new remote-access trojan (RAT) that is able to capture administrative control of the targeted computer, retrieve browser history and look for activities involving cryptocurrency, credit cards, business, social media and others. The malware is called Saefko […]

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BTC-e’s Vinnik Case Drags on as New Accusations Continue Emerging

Vinnik appears to be a “strategic intellectual resource” following extradition requests from multiple countries and alleged ties to an elite Russian cyber-espionage unit. On July 25, 2019, United States prosecutors filed a complaint against the defunct cryptocurrency exchange BTC-e and its alleged former operator, Alexander Vinnik. The indictment was filed nearly 24 months after Vinnik was arrested in Greece while on holiday with his family and has followed numerous extradition requests from the U.S., France and Russia that have seen Vinnik’s case appear to morph from an […]

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15 Countries to Develop Crypto Transaction Tracking System: Report

15 countries, including the G7, will reportedly develop a system for tracking crypto transactions to prevent its illicit uses. About 15 global jurisdictions, including the G7 countries, will reportedly develop a system for tracking crypto transactions to prevent illicit uses of cryptocurrencies. The Financial Action Task Force (FATF) is planning to prepare detailed measures by 2020, according to a report by Tokyo-based newspaper Nikkei on Aug. 9. The new system intends to collect and distribute personal data on individuals who conduct crypto transactions in order to prevent […]

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Bitcoin Price Is Currently Sitting in Its Historic Top 2% Range

Bitcoin price has only spent two months higher than today in its entire history. Bitcoin has only spent 63 days in its history where it closed above current price.This was the factoid posted by crypto-analyst Ceteris Paribus on Aug. 6, along with comparative data for selected altcoins.  Which goes to show that despite unwarranted concerns from those who feel that BTC price should constantly be parabolic, Bitcoin is in rather rude health. Certainly when it comes to dominating alts. 2 months of mayhem vs. a steady climb […]

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Retail Giant Overstock Reports Losses, Says Blockchain Business Strong

Pro-crypto retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit. Retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit. In a shareholder announcement published on Aug. 8, Overstock stated that its blockchain subsidiary firm, tZERO, is progressing as planned, with a focus on six key areas — notably security tokens. No pain no gain While the fresh results point […]

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Coinbase Says It Prevented a Crafty Phishing Attack to Exfiltrate Keys

The security team at cryptocurrency exchange Coinbase has revealed how it countered a sophisticated phishing attack aiming to exfiltrate private keys and passwords. The security team at cryptocurrency exchange Coinbase has revealed how it countered a sophisticated phishing attack aiming to exfiltrate private keys and passwords.  In a blog post published on Aug. 8, the exchange outlined its discovery and reporting of the incident, which involved the exploitation of two 0-day vulnerabilities on Mozilla’s web browser Firefox. A “highly-targeted and thought-out” attack The first steps of the […]

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Bitcoin History Part 14: The 1,000 BTC Poker Game

Bitcoin and poker have a history that stretches back to the very start. Perhaps, even, to before the start of Bitcoin as we know it, for there is evidence that Satoshi had a background in poker. What’s beyond dispute is that in March 2010, the world’s first bitcoin poker tournament took place, with the nascent digital currency serving as the unit of account. The buy in was set at 50 BTC, with the victor walking away with the then-worthless prize of 1,000 BTC. Also read: Bitcoin History […]

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No-Deal Brexit Will Reposition Bitcoin in the Global Economy: Analyst

A no-deal Brexit could fundamentally shift Bitcoin’s position in the global economy, according to a blockchain firm CEO. Some analysts believe that the looming no-deal Brexit will push Bitcoin (BTC) price to an unprecedented breakout and record highs in 2019.  Nicholas Gregory, CEO of blockchain firm CommerceBlock, even predicts it could fundamentally shift Bitcoin’s place in the global economy, as reported by the Independent, Aug. 9. Brexit already causing market turmoil The prospect of a no-deal Brexit has already caused the pound sterling to lose value against […]

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Ripple CEO: Moneygram Using XRP a Bigger Deal Than Facebook’s Libra

Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram. Ripple CEO Brad Garlinghouse says the firm is looking into multiple investments and acquisitions following its $30 million partnership with MoneyGram this June. As Yahoo! Finance reported on Aug. 9, Ripple’s deal with MoneyGram — the second-largest remittances firm worldwide — saw it purchase a 10% stake in the entity, with an option to increase its investment by a further $20 million within two years.  Moneygram […]

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