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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Ethereum 

Major Korean Crypto Exchange Bithumb Prosecuted for Failure to Protect User Data

South Korean crypto exchange Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal information, which was later presumably exploited by hackers to steal funds from the platform. The news was reported by Cointelegraph Japan on June 19. Prosecutors allege the data breach led directly to the second hack affecting the platform, in which almost $7 million in user funds was stolen. As Cointelegraph has previously reported, Bithumb first notified authorities of a major data breach in late June 2017, thought to have affected around…

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Bitcoin 

Major Crypto Exchange Bitfinex to Briefly Go Offline for Upgrade Next Week

Cryptocurrency exchange Bitfinex announced that it will be offline for up to seven hours next week in a Medium post published on June 20. Per the announcement, the exchange will go offline for up to seven hours to carry out system upgrades on June 26. The post further specifies that Bitfinex’s hybrid counterpart Ethfinex will also close for maintenance at the same time. The downtime is similar to that announced by major cryptocurrency exchange Binance before its scheduled system upgrade in May. As Cointelegraph reported at the time, the exchange…

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Blockchain 

Japan Data Initiative Brings Blockchain Security to 100 Major Businesses

A data-sharing initiative involving one hundred of Japan’s biggest companies will use blockchain for its security, English-language news outlet Nikkei Asian Review reported on June 17. The project, which will commence in spring 2020, aims for participants to share production data in order to enhance overall efficiency. Its controller is the Industrial Value Chain Initiative, an industry organization formed four years ago by manufacturers interested in the Internet of Things (IoT). Among prospective participants are DMG Mori, Mitsubishi Electric and Yaskawa Electric. “Blockchain […] is expected to lower the risk…

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Bitcoin 

UK Financial Watchdog Blacklists Clones of Two Major Financial Firms

The British Financial Conduct Authority (FCA) has warned investors of a fraudulent company posing as the Swiss Investment Corporation, an FCA-authorized firm offering crypto investments, and another company that is a clone of Goldman Sachs, the regulator announced on June 14. The financial regulator has blacklisted a firm operating under the domain swissinvest.biz. According to the announcement, the fraudulent clone firm offers services on its website swiss-investissement.com and is involved in scam activity. On the website, the alleged clone firm divides its proposed investments into the safest —  assets such…

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Ethereum 

Crypto Markets Trade Sideways, Major Stock Indexes Close With Minor Gains

Thursday, June 13 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all still in the green, seeing minor gains since yesterday. The market as a whole is mostly trading sideways. Market visualization. Source: Coin360 Bitcoin broke $8,300 today, after trading below $8,000 for part of June 12. At press time, BTC is trading at $8,243 but is still trending up by 1.12% on the day. Bitcoin 24-hour price chart. Source: Coin360 The top altcoin and number two cryptocurrency, ether, is trading sideways, seeing 24-hour losses under 1%…

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Blockchain 

R3 Develops Blockchain Platform With Major Banks and Stock Exchange

Blockchain software consortium R3 revealed that it is developing a blockchain platform in Brazil with banks Bradesco, Itau and B3, Cointelegraph Brazil reported on June 12. The R3 Consortium — which is composed of large banks and technology companies — announced during the CIAB Febraban event in São Paulo that it is currently collaborating with Brazilian banks. During the event, R3 executives claimed that the consortium partnered with Itau and Bradesco banks to build a blockchain-enabled platform for foreign trade and insurance. The consortium — which recently opened an office…

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Ethereum 

Major Cryptocurrencies in The Green as Bitcoin Rallies Over $8,100

Wednesday, June 12 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all in the green. Cryptocurrencies on the whole are trending up today, according to data provided by Coin360. Market visualization courtesy of Coin360 After peaking around $9,000 in May, BTC crashed down to under $8,000 but seems to be slowly recovering. BTC was trading just shy of $8,000 earlier today, and is now trading at $8,130 at press time. Overall, the top cryptocurrency is up by approximately 2.72% over teh past 24 hours at press time.…

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Bitcoin 

CEO of Major American VC Firm Digital Currency Group: Crypto Winter Is Ending

The crypto winter is likely to be ending, a senior executive at major American blockchain venture capital firm Digital Currency Group (DCG) said in an interview with Bloomberg Technology on June 11. Barry Silbert, DGG founder and CEO, outlined the cyclical nature of the ups and downs of major cryptocurrency bitcoin (BTC), which allegedly means that the recent surge of crypto prices would only continue. Silbert, who is known as a serial crypto investor, specifically pointed out that bitcoin’s price dynamics have been “quite a roller coaster,” with its price…

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Blockchain 

Major Hong Kong Property Firm to Seek Regulatory Approval for Tokenized Real Estate

Family-owned property firm Stan Group — which represents the assets of “shop king” real estate scion Tang Shing-bor — is set to meet with Hong Kong’s securities watchdog in January 2020 to seek approval for the sale of tokenized real estate assets. Hong Kong English-language newspaper South China Morning Post (SCMP) reported the news on June 12. Stan Group is reported to have a real estate portfolio estimated at over HK$50 billion ($6.38 billion). Against the backdrop of reportedly lacklustre sentiment in the local property market amid escalating trade tensions…

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