Monthly Archives: July 2020

Hackers Have Been Using Dogecoin to Deploy Malware for 6 Months & No One Noticed

Researchers at Intezer discovered a new malware that relies on the Dogecoin blockchain network to deploy the attack against cloud servers. A new study indicates that hackers are actively relying on the Dogecoin (DOGE) blockchain to expand a malware payload named “Doki.â€� According to cybersecurity researchers at Intezer, Doki is a fully undetected backdoor that abuses the Dogecoin blockchain “in a unique wayâ€� in order to generate its C2 domain address and breach cloud servers. It is deployed through a botnet called Ngrok. These domain addresses are […]

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Crypto Exchange Operator Diginex to List on Nasdaq in September

Crypto startup Diginex has launched a cryptocurrency exchange ahead of its Nasdaq listing which has already been approved by the U.S. Securities and Exchange Commission (SEC). The new exchange is based in Singapore where Diginex has applied for a license. Diginex Set to List on Nasdaq A cryptocurrency exchange operator, Diginex, is set to list on the Nasdaq exchange in September, Diginex CEO Richard Byworth confirmed to Reuters on Wednesday. The listing is expected to be made through a $300 million reverse merger with the acquisition of […]

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Overstock’s Blockchain Ventures Booming in Q2

Recent second quarter financial reports show big growth for Overstock — the same quarter the company gave its security token to investors as a dividend. Recent Q2 financial details from blockchain-involved company Overstock show triple digit percentage growth compared to the same time in 2019. “Total net revenue was $783 million, an increase of 109% year over year,” a public statement said on July 30. “Gross profit was $180 million or 23.0% of total net revenue, an improvement of 321 basis points year over year.” Overstock issued […]

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The Future of Crypto Mining is All About Computing Power, Says RRMine Global CEO

Crypto mining’s future will become more tech oriented, says CEO of RRMine global. RRMine Global CEO, Steve Tsou, said at a Cointelegraph China Great Bay Area International Blockchain Week pre-event interview on July 29 that the future of crypto mining will transit from labor-intensive companies to technology-intensive and capital-intensive companies. It will be all about computing power. Computer power and the digital economy With the rapid development of new generation information technologies such as 5G, big data and cloud computing, the demand for computing power will likely […]

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This Coin’s Supply Goes Down as the Price Rises

This crypto exhibits no correlation with Bitcoin; it was designed to behave differently from every other currency — crypto or fiat, with a money supply that expands or contracts depending on demand. Ampleforth (AMPL) is a cryptocurrency built with an elastic supply that expands and contracts depending on demand. According to its co-founder Evan Kuo, the team was trying to learn from the failures of the gold standard and Bitcoin (BTC) to create a more flexible monetary system. Investors hoard Bitcoin & gold Although many in the […]

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Aave (LEND) Staking Proposal Could Extend DeFi Token’s 600% Rally

Aave’s LEND token continues to rally after DeFi protocol introduced staking rewards in its Aavenomics proposal. On July 29 the price of Aave (LEND) surged 23% as the project released its tokenomics update proposal called Aavenomics.  The upside move brought LEND’s market cap to $447 million and will surely have investors curious on whether the DeFi-related token will surge higher as it has already gained nearly 600% over the past 3 months.  LEND/USD chart. Source: TradingView Currently, LEND ranks at 30 place by market capitalization and the […]

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Binance Confirms Crypto Debit Cards Shipping to Europe

Binance indicates crypto debit cards are on their way to Europe. Binance has confirmed the shipping of its crypto debit cards to Europe following a tweet from Binance CEO Changpeng Zhao, or CZ, several days ago. “We began shipping a limited quantity of Binance Cards on July 24,â€� a Binance representative told Cointelegraph in a July 27 email. “The cards are being shipped to users in European Economic Area,â€� the representative added.   CZ posted on social media about the card shipments CZ tweeted the news out […]

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Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism

The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.6 million BTC held on global trading platforms worldwide. Data from a number of sources show that the bitcoin (BTC) held on exchanges has dropped to a low not seen in over a year. This statistic gives crypto proponents bullish optimism, as the last time BTC exchange balances were this low the price of bitcoin (BTC) […]

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Goldman Sachs Warns Investors About Failing USD, But Points Them To The Wrong Safe Haven

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! This week, one of the world’s preeminent investment banking enterprises signalled some serious FUD against the U.S. dollar. “Combined with a record level of debt accumulation by the U.S. government, real concerns around the longevity of the U.S. dollar as a reserve currency have started to emerge,â€� the bank wrote in a correspondence with clients, according to multiple news reports. “The greater the deflationary […]

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Fan Token Platform Socios Secures Key Regulatory License

Sports token-focused platform Socios prepares to issue a payments and loyalty card with a new license from Estonian Financial Intelligence Unit. Socios.com, a blockchain startup aiming to tokenize the sports industry, has secured a major regulatory license allowing it to issue its own payments and loyalty card. Issued by the Estonian Financial Intelligence Unit, or FIU, the new license has been granted to the new Estonia-based entity called Socios Entertainment OU. Announcing the news on July 30, Socios’ partner project Chiliz.net noted that the FIU is the […]

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