McAfee Labs: Cryptojacking rose by over 4000 percent in 2018, and threat actors are now targeting IoT devices. Cryptojacking malware activity rose by over 4000 percent in 2018, according to a new quarterly report published by cyber security firm McAfee Labs, Dec. 18. Cryptojacking is the practice of using a computer’s processing power to mine […]
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U.S. lawmakers have introduced a bill that would amend current securities laws to exclude cryptocurrencies from their purview. Two United States congressmen introduced a bill in the House of Representatives on Dec. 20 that would exclude digital assets from being defined as securities. The “Token Taxonomy Act of 2018” was introduced by Reps. Warren Davidson […]
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Thailand has signalled it plans to take the rare step of simplifying procedures through which ICOs can raise money. Thailand’s securities regulator is planning a public hearing with the aim of loosening rules that form a “barrier” to initial coin offerings (ICOs), local English-language news outlet Bangkok Post reported Dec. 20. Thailand — which issued […]
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Coinbase recently made what it claims is the biggest cryptocurrency transfer on record, moving about $5 billion. Major cryptocurrency exchange and wallet Coinbase recently made what it claims is the largest transfer of crypto on record, a company blog post reports Dec. 19. According to the post, 5 percent of all Bitcoin (BTC), 8 percent […]
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Goldman Sachs-backed Circle has published a third-party audit of its USD-pegged stablecoin USD Coin for the second time. Goldman Sachs-backed Circle has published a third-party audit of its USD-pegged stablecoin USD Coin (USDC) for the second time, according to a company blog post Dec. 18. USD Coin — an ECR20 token first announced this May […]
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Blockchain development firm Blockstream partners with startup from Switerland’s Crypto Valley to offer its sidechain to financial institutions. Global blockchain company Blockstream has partnered with а Swiss crypto consulting firm to launch a blockchain-driven settlement network, according to a press-release Dec. 17. Inacta AG and Blockstream have reportedly recently signed a Memorandum of Understanding (MoU) […]
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Major U.S. crypto wallet provider and exchange service Coinbase has launched an educational project that allows users to earn crypto as they learn about it. Major United States-based crypto wallet provider and exchange service Coinbase has launched an educational project that lets users earn cryptocurrency as they learn about it. The program, dubbed “Coinbase Earn,” […]
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Monero will feature tiny block rewards after the whole supply is mined, which will continue indefinitely. Miners have now extracted 90 percent of privacy-focused cryptocurrency Monero (XMR) and will net the remainder by May 2022, data from monitoring resource Monero Blocks confirmed Dec. 20. Monero — whose developers place anonymity and untethered usage of coins […]
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Western Union claims company is technologically “ready to adopt any kind of currency,” including crypto. The president of Western Union Global Money Transfer has claimed the company is “ready to adopt any kind of currency,” potentially including cryptocurrencies, in an interview with Reuters Plus, Dec. 17. Odilon Almeida stated there is no big difference between […]
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Getting covered by insurers is a major issue for crypto players “despite their best efforts,” Big Four auditor PwC has said. Cryptocurrency businesses find it “almost impossible” to get insurance and this is deterring investors, Big Four auditor PricewaterhouseCoopers (PwC) told Reuters Dec. 20. In comments focusing on the global fintech market, Henri Arslanian — […]
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