Tag Archives: Cryptocurrency

Nasdaq’s Bitcoin and Ethereum Indices Solve a Major Problem for Cryptocurrency Sector

Nasdaq's Bitcoin and Ethereum Indices Solve a Major Problem for Cryptocurrency Sector

Nasdaq may have just removed one of the most significant barriers before a potential cryptocurrency adoption. The US stock market exchange on Monday announced two cryptocurrency indexes which provide real-time spot or reference rate for Bitcoin and Ethereum. Dubbed as the Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), both the indexes extract price data from multiple exchanges to provide onlookers single price point for BTC and ETH. Nasdaq assured that independent auditors had verified their methodology of obtaining and unifying price data to present the […]

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Regulator Rules Cryptocurrency Mining Contracts Can be Securities

Regulator Rules Cryptocurrency Mining Contracts Can be Securities

The financial markets authority of Quebec (AMF) is requesting that investors in a cryptocurrency mining company contact them. The announcement comes after Technologies Crypto Inc. was issued with a series of freezing orders in connection with existing securities regulations earlier this month. Technologies Crypto Inc. reportedly took over $300,000 from investors that were under the impression that the funds would be used for mining. Many have been left out of pocket. AMF: Cryptocurrency Mining Contracts Can Fall Under Securities Regulation According to a press release issued by […]

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Cryptocurrency Criminals Use PUBG to Orchestrate $2.47M Hack

Cryptocurrency Criminals Use PUBG to Orchestrate $2.47M Hack

A group of online criminals from Turkey have been detained by local authorities on suspicion of hacking a domestic cryptocurrency company. Those behind the security breach are thought to have used the popular video game PUBG to communicate prior to the attack. The Turkish company has had around $2.47 million taken from it in the hack. Some of this figure has been recovered in raids following the arrest of those connected with the incident. Raids Across Turkey Recover Just $256,000 of Missing $2.47M in Cryptocurrency Digital currencies held […]

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Coinbase Cryptocurrency Wallet Introduces Cloud Storage for Private Keys

Coinbase Cryptocurrency Wallet Introduces Cloud Storage for Private Keys

The popular cryptocurrency exchange Coinbase has launched a new feature for its stand-alone digital asset wallet. The software will offer users the ability to back up their private keys using either Google Drive or iCloud. The idea is to give users of the Coinbase Wallet a safety net in the event that they lose access to the device upon which the software is installed or happen to misplace their private keys somehow. However, some in the cryptocurrency community have highlighted that the saving of private keys on […]

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Cryptocurrency Exchanges Targeted by Fake Photo Scam

Cryptocurrency Exchanges Targeted by Fake Photo Scam

Research indicates that large cryptocurrency exchanges are increasingly being targeted by scammers using doctored photographs to trick two-factor authentication reset procedures. The attack once again highlights the importance of securing one’s own private keys and not entrusting security to a third party exchange. There is a market on dark web forums for doctored images and the rates to buy them are remarkably cheap. However, given that many large exchanges require multiple verification methods to reset a two-factor authentication, it remains to be seen just how effective the […]

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Is Cryptocurrency Powering the Explosive Economic Growth in Malta?

Is Cryptocurrency Powering the Explosive Economic Growth in Malta?

The blockchain and cryptocurrency-friendly nation of Malta has been forecast as the nation to experience the most economic growth during 2019. The European Commission projected that the small island country’s economy would grow by a huge 5.2% during the period. The European Commission’s report forecasts Malta as outperforming the economic growth of the entire continent. Whilst not mentioned specifically, the most likely driver of such growth is surely the island’s embrace of blockchain technology in recent years. Blockchain-Friendly Malta Set to Prosper in 2019 The European Commission […]

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Analyst: Bitcoin (BTC) RSI Signals That the Cryptocurrency is at Historically Oversold Levels

Analyst: Bitcoin (BTC) Likely to Climb Back Above $3,500 After Finding Support at $3,400

After dropping back to its recently established support level at $3,400 a couple days ago, Bitcoin (BTC) has been able to hold above this support level. Despite this, its failure to bounce signals that it doesn’t have any significant buying pressure at the moment and further losses may be necessary in order for it to surge. Now, one analyst claims that Bitcoin is currently resting at historically oversold price levels, which means that it may soon bounce. Despite this, the same analyst also said that a failure […]

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Facebook Takes Another Step Closer to Cryptocurrency

Facebook Takes Another Step Closer to Cryptocurrency

Social media giant Facebook has taken another step closer to crypto with its latest acquisition, the team behind a London based blockchain startup. Facebook Expands its Blockchain Division According to reports Facebook has quietly hired the team at Chainspace, a small startup founded by researchers from University College London. The company clearly has big ambitions in the crypto space and a direct move into blockchain is another indicator that Facebook has plans for its own crypto products. Chainspace released a whitepaper in August 2017 which details their […]

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Red Bull Announces World’s First Formula 1 Cryptocurrency Sponsorship Deal

Red Bull Announces World's First Formula 1 Cryptocurrency Sponsorship Deal

Red Bull Aston Martin have announced a partnership between themselves and a cryptocurrency company. The deal between FuturoCoin and the sixth-most-winning car constructors in the racing championship is the first of its kind for Formula 1. Whilst other sporting teams have also started to embrace blockchain technology and digital assets in some way, crypto’s disruption of professional sports remains niche. Perhaps with a huge name like Red Bull Aston Martin announcing their latest crypto sponsor, more teams from other sports will seek similar opportunities to explore cutting-edge […]

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Cryptocurrency Scam Alert: Mac Exchange Users Targeted

Cryptocurrency Scam Alert: Mac Exchange Users Targeted

Reports by a cyber security firm claim to have identified a piece of malware designed to beat the two-factor authentication commonly used to help protect various online accounts. The software steals credentials, including browser cookies, to allow access to cryptocurrency exchange accounts. CookieMiner, as the malware is known, targets exclusively Mac users owing to the cross-device functionality of Apple’s products. In addition to stealing login details and creatively subverting security precautions, the CookieMiner malware also uses the victim’s machine to covertly mine an obscure digital asset called […]

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