Blockchain 

G7 Task Force Releases Full Report on Impact of Global Stablecoins

A G7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments. Doubling down on regulations On Oct. 18, in a report requested by the G7 Finance Ministers and central bank Governors, the relevant task force confirmed that the group of the seven wealthiest nations would not allow any global stablecoin to launch without adequately addressing the related challenges and risks. Cointelegraph reported on an unpublished draft of the same report on Oct. 14.…

Read More
Blockchain 

Hackers Use Malicious Code in WAV Audio Files To Mine Cryptocurrencies

Threat researchers have discovered malicious code in WAV audio files, code that hackers use to mine cryptocurrencies. Hackers earn thousand of dollars per month On Oct. 16, researchers at BlackBerry Cylance, a software company that develops anti-virus programs, reported the discovery of malicious code hidden within WAV audio files. This type of malware campaign, where hackers conceal malware codes in ordinary-looking files, is known as steganography. The analysis showed that some of the WAV files contained code to deploy malware for financial gain and establish remote access within the victim…

Read More
Blockchain 

Cointelegraph Blocked in Russia | Cointelegraph

Cointelegraph’s website has become widely inaccessible in Russia as authorities added the domain to a registry of blacklisted sites. The blacklist Although Cointelegraph has been publicly on a list of blocked sites since 2017, it was only yesterday, October 16, that the Russian Federal Service for Supervision of Communications, Information Technology and Mass Media, more commonly known as Roskomnadzor, implemented the block on a technical level.  The developer of a popular Russian anti-censorship browser extension, who wishes to remain anonymous for security reasons, confirmed the block to Cointelegraph. “The URL…

Read More
Ethereum 

Bitcoin Price Hovers Above $8,000 While XRP Jumps 5% on the Day

Thursday, Oct. 17 — Bitcoin (BTC) is hovering just above the $8,000 price mark, while XRP shows impressive gains on the day. Cryptocurrency market daily overview. Source: Coin360 For most of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,000 and $8,100. BTC traded from an intraday low of around $8,010 up to $8,135 before hitting its current trading price of $8,062, showing a subtle gain of around 1% in the past 24 hours. Cointelegraph reported today that notorious crypto skeptic Nouriel Roubini had finally…

Read More
Cryptocurrency 

Bank of Canada Exploring Possibility of Launching a Digital Currency

Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money. The aim of the proposed currency would be to mitigate the “direct threat” posed by cryptocurrencies to the economic sovereignty of governments and central banks, an issue that has featured prominently in the headlines recently amidst intense regulatory pushback on Facebook’s proposed coin, Libra. The proposal was pitched to Stephen Poloz, Governor of the Bank of Canada, and its board of directors in…

Read More
Bitcoin 

Buy BTC to Escape Negative Yield Bonds

Bitcoin (BTC) bull and co-founder of Gemini crypto exchange Cameron Winklevoss has noted that the volume of negative interest bonds accounts for $17 trillion and has urged the public to buy Bitcoin. In an Oct. 17 tweet. Winklevoss wrote: “$17 trillion dollars are currently held in negative interest bonds. 17 trillion reasons why you should own bitcoin.” How to move such a volume to BTC? In a series of comments to the tweet, one of the users argued that “migrating this over to Bitcoin is a huge challenge,” to which…

Read More
Blockchain 

Burj Khalifa Developer Emaar to Launch Tradeable Reward Token EMR

Dubai-based real estate giant Emaar Properties has released its new blockchain token-based referral and loyalty platform. Real monetary value Emaar, which developed the world’s tallest building, the Burj Khalifa, as well as the Dubai Mall, is planning to launch the EMR token for rewarding its customers, local publication Arabian Business reports Oct. 17. Based on JPMorgan’s blockchain platform Quorum, EMR tokens will be redeemable not only within Emaar’s real estate network, including hotels, ecommerce operations and malls, but also can be traded with other users, the report says. According to…

Read More
Ethereum 

The Next Big Derivative to Hit the Market?

The United States Commodity Futures Trading Commission (CFTC) hasn’t come to bury Ether, it’s come to regulate it. That was the message drawn from Heath Tarbert’s remarks from the stage at Yahoo Finance’s All Markets Summit in New York City on Oct. 10, which could have important consequences for the crypto and blockchain industry. He went on: “It is my view as Chairman of the CFTC that Ether is a commodity, and therefore it will be regulated under the CEA. And my guess is that you will see in the…

Read More
Blockchain 

Telegram Asks Court to Deny SEC’s Action, Says Gram Is Not a Security

Telegram responded to the United States securities regulator, arguing that Gram, the native cryptocurrency for the Telegram Open Network (TON), is not a security. Telegram requests to deny SEC’s injunction In an Oct. 16 filing, Telegram urged the United States District Court for the Southern District of New York to deny the U.S. Securities and Exchange Commission’s (SEC) request for a preliminary injunction. Moreover, the firm asked the court to enter an order that maintains the status quo regarding the offer, sale or distribution of Grams. The filing is released…

Read More
Blockchain 

Canada Exploring Digital Currency to Track People’s Spending Habits

The Canadian central bank is reportedly considering launching a proprietary digital currency. Digital currency could share info with police and tax authorities On Oct. 16, news outlet The Logic reported that the Bank of Canada is exploring the possible opportunities and challenges related to launching its own digital currency. The central bank purportedly believes that a public central bank digital currency (CBDC) could be the answer to the direct threat that cryptocurrencies apparently present. The document, titled “Central Bank Money: The Next Generation,” was reportedly prepared for the current Governor…

Read More