BLOCKCHAIN

Security Platform Is Up To $2.5B In Crypto Moved A Month 6 Months After Launch

[ad_1] Digital asset cybersecurity startup Fireblocks announced that it is currently moving more than $2.5 billion in cryptocurrencies each month.In a Nov. 26 press release, Fireblocks revealed that the company has seen a 400% increase in customer growth, and that crypto transfer volumes are growing 150% month to month since the startup announced its launch out of stealth mode on June 11 after garnering $16 million in funding.In the six
EXCHANGES

Devs Discuss Formal Specification Project for Bitcoin Cash

[ad_1] On Monday, Bitcoin ABC’s lead developer Amaury Séchet explained in a blog post that Bitcoin Cash will be getting its own formal specification from Bitcoin Verde programmer Joshua Green. Séchet noted that although a slew of developers have written documentation, “the existing state of affairs is poorly documented.” Green and his team writing a formal specification for Bitcoin Cash is “great news” to the software engineer. Also read: Privacy-Enhancing
BLOCKCHAIN

Cyber Criminals Are Using YouTube To Install Cryptojacking Malware

[ad_1] Slovakian software security firm Eset has uncovered that cyber criminals behind the Stantinko botnet have been distributing a Monero (XMR) cryptocurrency mining module via Youtube.On Nov. 26, the major antivirus software supplier Eset reported that the Stantinko botnet operators have expanded their criminal reach from click fraud, ad injection, social network fraud and password stealing attacks, into installing crypto malware on victims' devices using Youtube.Stantinko botnet has been active
Business

Market Mostly Trades Sideways as Bitcoin Price Hovers Around $7,200

[ad_1] Tuesday Nov. 26 — Most cryptocurrencies are back to trading sideways, including Bitcoin (BTC) which has not been able to find higher trading levels in the past 24 hours.Cryptocurrency market daily overview. Source: Coin360Bitcoin started the day at the $7,140 price mark, at which point the world’s largest crypto coin found an intra-day high of $7,320, before moving down again towards its current trading price near $7,190. After an
BLOCKCHAIN

Bittrex Exchange Denies It Sought to Collaborate With Ukrainian Government

[ad_1] A Ukrainian government official said that United States cryptocurrency exchange Bittrex sought to collaborate with the Ukrainian government on developing the country’s cryptocurrency industry.In a Nov. 20 interview with domestic blockchain media outlet ForkLog,. Deputy Minister of Digital Transformation Alexander Bornyakov claimed that Bittrex contacted the Ukrainian government to this end.Referring to Ukraine’s recent memorandum of understanding with Binance to collaborate on creating crypto legislation in the country, Bornyakov
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Bitcoin Cash House African Expansion to Feature in Toronto Meetup

[ad_1] Besides networking with the local community, bitcoin cash meetups are a great way to learn about the development of the cryptocurrency and the ecosystem from the people that make it happen. The upcoming Toronto meetup, for example, will feature new details about the expansion of the Bitcoin Cash House to Africa. Also Read: Bitcoin Cash House Launches Crypto Hub in Venezuela Toronto to Host Special Bitcoin Cash Meetup on
Business

Former US Gov’t Official, Capital One Exec Joins Payments Startup C Labs

[ad_1] Cryptocurrency payment startup C Labs has hired former United States government official Jai Ramaswamy to oversee the company’s compliance strategy.On Nov. 26, Coindesk reported that Ramaswamy had joined C Labs, the company responsible for Celo, which is an open platform that makes financial tools accessible to anyone with a mobile phone.Ramaswamy’s credentialsAlso a former managing vice president at major credit card company Capital One, Ramaswamy will reportedly oversee the
Business

China’s Digital Yuan Will Favor Payments and Retail

[ad_1] China’s digital currency approach will be favoring international payments and domestic retail system, a former senior official said.Zhou Xiaochuan, the president of the Chinese Finance Association and former governor of the People’s Bank of China (PBoC), outlined two types of implementations of central bank digital currencies (CBDCs) speaking at the 2019 Caixin Hengqin Forum, local publication Caixin reports Nov. 26.The first type is an electronic payment-oriented domestic retail system,
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Another Research Paper Finds Flaws With the Lightning Network

[ad_1] On November 21, researchers from Hungary and Institute for Computer Science and Control published a critical examination of the Lightning Network, the protocol intended to amend BTC’s scalability issues. The researchers’ simulation findings indicate the Lightning Network is “economically irrational for the majority of the large routing nodes who currently hold the network together.” Also Read: Report: Lightning Network Still Way off Being Ready for Commercial Use Current Lightning
Business

New Crypto-Stealing Malware Infected 80,000 Computers, Microsoft Says

[ad_1] The Microsoft Defender ATP research team shares insights on a new cryptocurrency-stealing malware variant that has infected close to 80,000 computers.On Nov. 26, Microsoft security analysts revealed that the malware, called Dexphot, had already infected close to 80,000 devices since October 2018, reaching its peak in the month of June of this year.The malicious code reportedly hijacks legitimate system processes to disguise its nefarious activity, with the ultimate goal