Bitcoin 

The Benefits and Drawbacks of National Cryptos, According to Different Jurisdictions

This month alone, at least three separate countries have reported on their prospective central bank-issued digital currencies (CBDCs): The Republic of the Marshall Islands (RMI) announced the creation of a specially dedicated nonprofit organization to support its digital currency that is already being developed. Meanwhile, the central bank of Russia said it was considering its own cryptocurrency (albeit not in the near future), while the National Bank of Ukraine released a report on the matter. The concept of CBDCs has been steadily drawing the attention of numerous jurisdictions worldwide, but…

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Bitcoin 

Trend Micro Detects Major Uptick in New Strain of XMR Malware Targeting China-Based Systems

Cybersecurity firm Trend Micro has detected a major uptick in monero (XMR) cryptojacking malware targeting China-based systems this spring. The news was revealed in an official Trend Micro announcement on June 5. As previously reported, cryptojacking is an industry term for stealth crypto mining attacks that work by installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. The XMR-focused malware — which wields malicious PowerShell scripts for illicit mining activities on Microsoft-based systems — reportedly surged against Chinese targets in mid-May.…

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Bitcoin 

Outlaw Hacking Group’s Botnet Is Now Spreading a Monero Miner

Cybersecurity company Trend Micro claims to have detected a web address spreading a botnet featuring a monero (XMR) mining component alongside a backdoor. The malware was described on Trend Micro’s official blog on June 13. Per the report, the firm attributes the malware to Outlaw Hacking Group, as the techniques employed are almost the same used in its previous operations. The software in question also holds Distributed Denial of Service (DDoS) capabilities, “allowing the cybercriminals to monetize their botnet through cryptocurrency mining and by offering DDoS-for-hire services.” Trend Micro also…

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Bitcoin 

Facebook’s Libra Coin: Initial Reactions Mixed

Facebook has released its much anticipated white paper for the cryptocurrency Libra. The initial reviews of the highly secretive mega-project are mixed, to say the least. Before taking a look at responses across the cryptosphere, let’s have a quick recap of the Facebook proposal. The Libra coin proposal Libra is designed to be a global currency that aims to simplify cross-border micropayments and remittances enabled by its own blockchain, the Libra Blockchain. As excerpt from the white paper reads: “Just as people can use their phones to message friends anywhere…

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Bitcoin 

Weekly Price Overview: VeChain, May 3

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. VeChain is the fifteenth-best token in terms of market capitalization. The smart recovery from its recent lows has been on the back of the strong fundamental news. The market participants are excited about the VeChainThor Blockchain whose Mainnet Launch is expected in end-June.…

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Bitcoin 

Litecoin Foundation to Release Physical Cryptocurrency Debit Card

The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card, in a blog post on June 18. Per the post, the companies will jointly roll out a cryptocurrency debit card dubbed “BlockCard” that will purportedly let users spend their cryptocurrency funds both online and in physical store locations around the world. Customers will be able to keep cryptocurrencies such as litecoin (LTC) and Bibox Exchange’s and Ternio’s native tokens bibox token (BIX) and ternio (TERN) respectively. Within the project,…

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Bitcoin 

The Checkered Saga of Crypto in China, 2013-2017

Take a quick look at CnLedger, a Twitter-based Chinese crypto news information source, and a tweet pinned at the top of its profile might come as something of a surprise: Next time people tell you bitcoin is banned in China, show him this pic. pic.twitter.com/MC3Q2yzBcx — cnLedger (@cnLedger) February 8, 2018 On Sept. 30 2018, China’s oldest tech journal, the Beijing Sci-Tech Report (BSTR), announced it would be offering subscriptions payable in Bitcoin (BTC). And Ethereum Hotel, reportedly the “first” Chinese hotel to accept Ethereum (ETH) as payment, is poised…

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Bitcoin 

Litecoin, Binance Coin, EOS, Dash, Monero

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Over the past few days, we saw individual cryptocurrencies charting their own course, deifying the absolute leadership of Bitcoin (BTC). Tron (TRX) and Binance Coin (BNB) are two of the major cryptocurrencies that leaped ahead while Bitcoin continued to languish in a tight…

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Bitcoin 

Facebook’s Libra May Need Banking License

Bank of France Governor Francois Villeroy de Galhau said that Facebook’s Libra stablecoin must comply with anti-money laundering regulation and seek banking licenses if it offers banking services, Reuters reports on June 25. Per the report, while Villeroy admitted during an interview with French magazine l’Obs that there was room to improve cross-border money transfers. He also pointed out that Facebook’s libra project has to comply existing banking regulation because “the risks are increased by the anonymity that Libra users would have.”  Villeroy also touched on possible requirements for a…

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Bitcoin 

North America’s Largest Solar Bitcoin Mining Farm Coming to California

California-based mining company Plouton Mining will build North America’s largest solar-powered bitcoin mining farm, the company confirmed in a press release on June 25. Plouton, which is a subsidiary of Plouton Group Holding, says the site in Western Mojave will feature around 49 acres of solar panels generating 10-13 megawatts of electricity daily.  The location was chosen due to its high annual quota of sunlight, which averages 70%, with the company planning to enter agreements with local utilities providers to secure low-cost power for the remaining time.  “The preeminent combination…

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