Business

New Malware Campaign Spreads Trojans Through Clone Crypto Trading Website

[ad_1] Twitter user and malware researcher Fumik0_ has discovered a new website that spreads cryptocurrency malware, according to a report by Bleeping Computer on June 5.According to the report, the host for transmitting these viruses is a website that imitates the website for Cryptohopper, a website where users can program tools to perform automatic cryptocurrency trading.When the scam site is visited, it reportedly automatically downloads a setup.exe installer, which will
BLOCKCHAIN

Galaxy Digital Fund Leads Funding Round for Blockchain-Based Game Platform

[ad_1] A fund of cryptocurrency investment bank Galaxy Digital led a $1.8 million seed funding round for Azure’s blockchain-based gaming rewards platform, VentureBeat reports on June 5.Smart Challenge, Azure’s gaming rewards platform, reportedly allows users to create and compete in challenges on the EOSIO blockchain protocol. By using blockchain technology, the challenges are said to be verifiably fair, since participants can see all the challenge rules and how they are implemented.Galaxy
Business

‘I Do Not Know What Bitcoin Is’

[ad_1] The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin (BTC) is, and endorsed the suspension of a project that would create a crypto for indigenous people to use, Cointelegraph Brazil reported on June 4.Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the termination of a project worth $44.9 million Brazilian reals ($11.5 million) between the National Indian Foundation
Business

Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’

[ad_1] Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5.Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two," with the goal to make stablecoins available for more of the world’s currencies.The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and
BLOCKCHAIN

US SEC Adds Fraud to List of Charges Against ‘Crypto’ Firm Longfin

[ad_1] The United States Securities and Exchange Commission (SEC) has filed fraud charges against supposed cryptocurrency firm Longfin Corp. and its CEO Venkata S. Meenavalli, according to a press release on June 5.Longfin saw a massive jump in its share price in 2017 when it claimed that it had redirected its business model toward blockchain technology.The associate director of the Division of Enforcement, Anita B. Bandy, summarized the allegations as
Business

P2P Bitcoin Exchange HodlHodl Launches Lightning Network Support

[ad_1] Non-custodial peer-to-peer (P2P) bitcoin (BTC) exchange HodlHodl announced Lightning Network support in a Medium article published on June 5.The announcement claims that now “everyone is able to buy bitcoins and receive them directly into their Lightning wallet & sell bitcoins directly from their Lightning wallet.” The post also notes that the platform has previously tested Lightning Network support on the test network.The company reportedly only implemented Lightning Network support
EXCHANGES

Facebook Sued By Dutch Media Tycoon Over Scam Bitcoin Ads

[ad_1] Facebook is being sued by Dutch media tycoon, John de Mol, for posting fraudulent Bitcoin ads that listed him as an investor.  Billionaire Claims Facebook Turns a Blind Eye to Scams On Wednesday, Reuters reported that John de Mol, the billionaire businessman behind the popular reality TV show ‘ Big Brother’ was suing Facebook for publishing false advertisements which used his name to carry out Bitcoin-related investment fraud. De
EXCHANGES

Bitcoin Futures Trading Attracts Strong Volume & Open Interest During the Recent Bearish Trend

[ad_1] With the Bitcoin Spot market in a stand-still relative to the price upswings of the past months (surging as high as $9,000), BTC futures market is taking the baton, helping traders profit from the strong upward trend as well as the huge downside movement in past 3 days. The XBT products amassed the least average volume in USD at $644.5 million, and open Interest for the derivative product posted
ALTCOIN

Facebook to Announce Cryptocurrency Project This Month

[ad_1] Social media giant Facebook will reportedly announce its cryptocurrency project this month, allowing employees to take part of their salary in the coin, CNBC reports on June 5.Citing a report by The Information, CNBC states that Facebook furthermore plans to cede control of the cryptocurrency to outside parties in order to ensure that the digital asset will not be completely centralized.Third-party organizations will purportedly pay as much as $10
EXCHANGES

Former Mt Gox CEO Mark Karpeles Announces New Blockchain Startup

[ad_1] Former Mt. Gox CEO Mark Karpeles is dipping his feet back into the crypto industry as he wants to help Japan become a powerhouse within the blockchain economy. The former CEO of the now-defunct exchange told the media on June 5 about his new venture called Tristan Technologies. Also read: Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement Mark Karpeles Is Back in the Crypto Business Statistically