EXCHANGES

Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations

[ad_1] On Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over exchange operations. Also read: Mineable Cryptocurrencies Are Far More Valuable Than Non-Mineable Coins Localbitcoins Adds a New Verification Process Due to Regulatory Guidelines The BTC trading platform
Business

Alleged CabbageTech Crypto Fraudster Indicted on Nine Counts

[ad_1] United States Attorney for the Eastern District of New York Richard P. Donoghue unsealed a nine-count indictment against Patrick McDonnell today, according to a press release from the Department of Justice (DoJ) on March 26.Following his arrest earlier today, McDonnell — the owner and operators of purported investment firm CabbageTech — was charged with nine counts of wire fraud in connection with an alleged plan to defraud cryptocurrency investors.
BLOCKCHAIN

Lazarus Hacker Group Adopts New Methods, Continues Targeting Crypto

[ad_1] Alleged North Korea-sponsored cybercrime group Lazarus is still targeting cryptocurrencies and adopting new tactics, according to a new report from cybersecurity and anti-virus company Kaspersky Lab published on March 26.The report reveals that allegedly state-sponsored hacker group Lazarus has been active with a new operation since last November, wherein the group uses PowerShell that allows them to manage and control Windows and macOS malware. The Lazarus team has reportedly
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How a Large Cryptocurrency Mining Operation Is Handling the Current Market

[ad_1] Cryptocurrency miners of all sizes have been suffering from the bear market that has heavily depressed prices, causing some to abandon the field as their proceeds were no longer covering expenses. However, for others this period has formed a time to grow while their competitors are struggling. To find out how one operation is handling the situation, news.Bitcoin.com talked to the CEO of Bitfarms about a big step his
BLOCKCHAIN

Hershey Chocolate Company Joins Blockchain Advertising Consortium

[ad_1] Blockchain-based consortium AdLedger has on-boarded The Hershey Company, a leading American chocolate production company, media outlet AdWeek reported on March 26.Hershey, along with French media group Publicis Media and The Global Audience Based Buying Conference & Consultancy (GABBCON), has reportedly joined AdLedger. AdLedger was founded by IBM, Tegna and blockchain company MadHive in 2018, and is a nonprofit consortium that develops shared ledger technologies for the digital advertising market.Apart
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Bitmain Says It Won’t Give Up on World’s Biggest Cryptocurrency IPO

[ad_1] Bitcoin mining giant Bitmain has officially announced its new CEO and says it will restart the IPO listing process sometime in the future. The company endured a difficult 2018 with administrative upheavals, staff layoffs, and significant losses. Bitcoin Mining Giant Gets New CEO In the latter part of 2018, Bitmain laid off a couple of departments amid reports of financial difficulties. In a blog post published on Tuesday (March
Business

Crypto Analytics Firm Messari Introduces New Exchange Index Following Fake Volume Reports

[ad_1] Cryptocurrency analytics firm Messari has added a new index for 10 cryptocurrency exchanges, the company announced in a blog post on March 26.Messari launched a new product dubbed “Real 10 Volumes” on its OnChainFX dashboard to limit its default volume calculations to the chosen exchanges. The “Real 10” trading platforms include Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, and Poloniex.In the post, Messari said that the
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Bitcoin.com Is Giving Away 6 Tickets for the Anon Blockchain Summit in Austria

[ad_1] Bitcoin.com is giving you the chance to win one of six tickets to attend the Anon Blockchain Summit Austria 2019. Winners will be picked randomly and announced via social media channels on Friday. Also read: Win $5K of BCH Playing Cashgames From Bitcoin.com 6 Tickets Are up for Grabs To take part, you need to visit Bitcoin.com’s giveaway page. Each winner will be sent a code that can be
Business

YouTube Reportedly Runs Malicious Ad for Bitcoin Wallet Electrum by Accident

[ad_1] Video-sharing platform YouTube purportedly ran a malicious advertisement for Bitcoin (BTC) wallet Electrum by mistake, according to a Reddit post published on March 26.Viewers interested in the advertisement were redirected to a malicious link using a common scamming method called typosquatting or URL hijacking. In the Reddit post, a user named mrsxeplatypus warned the public about the promotion of a malware version of Electrum, and described how the scam
EXCHANGES

CoinMarketCap Concedes Fake Trading Volume Concerns Are ‘Valid’

[ad_1] Following a recent report by Bitwise Asset Management claiming that 95 percent of Bitcoin exchange trading volume listed on CoinMarketCap is fake, the popular market data aggregator confirmed the concerns as “valid.”  Data Inaccuracy on CoinMarketCap “Valid” CoinMarketCap is perhaps the most popular cryptocurrency market data aggregator. Having an Alexa rank of 493, it’s a place that a lot of people in the industry turn to for discovering prices,