🆘 30 thousand routers in India are infected with mining viruses
According to a report from Banbreach, a cybersecurity company, the number of routers infected in hidden miners in India doubled and reached 30,000.
📋 Statistics
To prepare the report, the company tracked Internet traffic passing through devices with public IP addresses. In the course of the study, Indian settlements were grouped by population density. It turned out that 45% of all infected routers are located in the least populated areas.
👾 CoinHive virus
We are talking about the CoinHive cryptovirus that cybercriminals are currently using for hidden mining Monero. According to estimates made in another study, this virus brings criminals up to $ 250 thousand in XMR.
According to a report from Banbreach, a cybersecurity company, the number of routers infected in hidden miners in India doubled and reached 30,000.
📋 Statistics
To prepare the report, the company tracked Internet traffic passing through devices with public IP addresses. In the course of the study, Indian settlements were grouped by population density. It turned out that 45% of all infected routers are located in the least populated areas.
👾 CoinHive virus
We are talking about the CoinHive cryptovirus that cybercriminals are currently using for hidden mining Monero. According to estimates made in another study, this virus brings criminals up to $ 250 thousand in XMR.
Bitcoin price exceeded $ 7,700
This morning, the course of the first cryptocurrency on the Bitfinex exchange swiftly went up and in two hours reached the mark of $ 7788.
At the same time, such strong growth is observed only in pairs with the USDT. If we look at pairs with other stable coins or fiat dollars, the price there did not exceed 6,800. Moreover, the value of USDT relative to other stable coins fell from 10% to 24% at the peak (TUSD). A week ago, we recommended reducing Tether’s share in the portfolio and diversifying funds across different exchanges. Now the future of Bitfinex and Tether is questionable.
This morning, the course of the first cryptocurrency on the Bitfinex exchange swiftly went up and in two hours reached the mark of $ 7788.
At the same time, such strong growth is observed only in pairs with the USDT. If we look at pairs with other stable coins or fiat dollars, the price there did not exceed 6,800. Moreover, the value of USDT relative to other stable coins fell from 10% to 24% at the peak (TUSD). A week ago, we recommended reducing Tether’s share in the portfolio and diversifying funds across different exchanges. Now the future of Bitfinex and Tether is questionable.
MAJOR NEWS FOR TODAY:
the 3rd of November
❗️ The “Godfather” of index funds: Bitcoin-ETF will not appear soon;
📢The head of the committee in the South Korean parliament was in favor of the legalization of the ICO;
⏳ Deliveries of the HTC Exodus blockchain phone will begin in December;
🔎 Crypto-currency millionaire set out to realize Utopia in Nevada;
🆘Amsterdam companies receive threats from bitcoin extortionists;
❕Hodl Hodl announced the OTC trading platform and its new partner Tenbagger.
the 3rd of November
❗️ The “Godfather” of index funds: Bitcoin-ETF will not appear soon;
📢The head of the committee in the South Korean parliament was in favor of the legalization of the ICO;
⏳ Deliveries of the HTC Exodus blockchain phone will begin in December;
🔎 Crypto-currency millionaire set out to realize Utopia in Nevada;
🆘Amsterdam companies receive threats from bitcoin extortionists;
❕Hodl Hodl announced the OTC trading platform and its new partner Tenbagger.
Digital asset management company Grayscale reported in an investment report for the 3rd quarter that investment in its products reached $ 330 million this year.
The report was published on Thursday and is a description of the company's investment activities in July, August and September 2018 - during this period Grayscale raised $ 81.1 million. Thus, if we consider that in the first six months, about $ 250 million were invested in the company's investment products, in total, this gives almost $ 330 million. This is better than the figures for 2017 (then $ 25 million was raised in the 3rd quarter), and 2016 ($ 17 million). “This September was the best in terms of investment inflows than any other September since our business began.”
According to Michael Zonnenstein, Managing Director of the company, at the moment investors are showing more interest in the family of crypto-investment products than ever. And this is despite the fact that since the beginning of the year the crypto-market has sunk by 70%. In the third quarter of 2018, institutional investors accounted for up to 70% of investment in Grayscale, and for all 9 months of 2018 - 59%. In total, the New York-based company Grayscale manages $ 1.5 billion, making it one of the largest crypto investors in the world.
In addition, according to Sonnenstein, institutional investors come to his company more aware of the digital asset market and look at the crypto market as a long-term investment area.
“We are not discussing the fundamentals and even something more advanced with investors. We are discussing the real uses of crypto technology. These are people who make decisions based on data. They look at information about transaction growth, decisions for scaling, the number of nodes. And they seriously understand all these figures and use them as a thermometer to measure the health of specific assets. Investors come very knowledgeably, their level of understanding of technology is very deep. ”
It should be noted that Grayscale products still feel the bearish grip of the crypto market. If you do not take into account the investment products of the company based on Bitcoin and XRP, then the net profit from its 7 other funds in Q3 2018 decreased. The biggest losses fell on the Ethereum trust fund (-46%), and the smallest - on the Digital Large Cap fund, that is, the fund of several large cryptocurrencies (-3%).
As for the investment Bitcoin Fund, the profit from it in Q3 2018 increased by 12.6%, but if we take into account the first 9 months of 2018, it fell by 54.7%. However, if we take an even earlier point of reference (the foundation of the fund was September 25, 2013), then the profit from it, according to the report, was 4,635.7%.
Sonnenstein hinted that by the end of the year the family of investment products of the company was waiting for replenishment, but added that Grayscale "is not yet ready to discuss this issue."
The report was published on Thursday and is a description of the company's investment activities in July, August and September 2018 - during this period Grayscale raised $ 81.1 million. Thus, if we consider that in the first six months, about $ 250 million were invested in the company's investment products, in total, this gives almost $ 330 million. This is better than the figures for 2017 (then $ 25 million was raised in the 3rd quarter), and 2016 ($ 17 million). “This September was the best in terms of investment inflows than any other September since our business began.”
According to Michael Zonnenstein, Managing Director of the company, at the moment investors are showing more interest in the family of crypto-investment products than ever. And this is despite the fact that since the beginning of the year the crypto-market has sunk by 70%. In the third quarter of 2018, institutional investors accounted for up to 70% of investment in Grayscale, and for all 9 months of 2018 - 59%. In total, the New York-based company Grayscale manages $ 1.5 billion, making it one of the largest crypto investors in the world.
In addition, according to Sonnenstein, institutional investors come to his company more aware of the digital asset market and look at the crypto market as a long-term investment area.
“We are not discussing the fundamentals and even something more advanced with investors. We are discussing the real uses of crypto technology. These are people who make decisions based on data. They look at information about transaction growth, decisions for scaling, the number of nodes. And they seriously understand all these figures and use them as a thermometer to measure the health of specific assets. Investors come very knowledgeably, their level of understanding of technology is very deep. ”
It should be noted that Grayscale products still feel the bearish grip of the crypto market. If you do not take into account the investment products of the company based on Bitcoin and XRP, then the net profit from its 7 other funds in Q3 2018 decreased. The biggest losses fell on the Ethereum trust fund (-46%), and the smallest - on the Digital Large Cap fund, that is, the fund of several large cryptocurrencies (-3%).
As for the investment Bitcoin Fund, the profit from it in Q3 2018 increased by 12.6%, but if we take into account the first 9 months of 2018, it fell by 54.7%. However, if we take an even earlier point of reference (the foundation of the fund was September 25, 2013), then the profit from it, according to the report, was 4,635.7%.
Sonnenstein hinted that by the end of the year the family of investment products of the company was waiting for replenishment, but added that Grayscale "is not yet ready to discuss this issue."
The US Securities and Exchange Commission (SEC) has filed charges against the founder of the EtherDelta cryptocurrency tokens trading platform Zachary Cobern for providing securities exchange services without registration. This writes CoinDesk.
On Thursday, the regulator reported that EtherDelta, acting as a secondary market for ERC20 tokens, provides a platform where buyers and sellers can meet with each other to exchange Ethereum tokens using a public order book, a site for displaying bids and a smart contract developed on the base of Ethereum.
“The EtherDelta smart contract was written in such a way as to validate the messages associated with the applications, confirm the conditions of the applications, execute the matching applications and send updates to the distributed registry so that transactions are reflected in it,” the agency said in a press release.
EtherDelta conducted over 3.6 million transactions over the 18-month period “with ERC20 tokens, including tokens that are considered securities in accordance with federal securities laws.”
“Almost all the applications that were placed on the EtherDelta platform led to the conclusion of transactions after the SEC published a report on The DAO in 2017, where it indicated that certain digital assets, such as DAO tokens, are securities and platforms provide services for the sale of such securities in the form of digital assets, will be subject to SEC requirements, according to which they must register or qualify for an exception to the rules, ”the regulator writes.
The EtherDelta platform was not registered with the SEC and did not declare that it falls under exemptions in the context of US securities laws.
“EtherDelta had a user interface and the core functionality of the national online stock exchange. She had to register with the SEC or be qualified as an exception, ”said Stephanie Avagian, co-head of the SEC law enforcement department.
Coburn did not admit, nor did he reject his guilt and had already paid $ 300,000 of illegally received funds, $ 13,000 as interest for the period prior to the decision, and $ 75,000 fine. SEC noted that Coburn collaborated with the investigation, which led to a reduction in the amount of the fine.
Recall that shortly before the IDEX exchange, previously generally accepted as decentralized, limited access to its website to users from a number of jurisdictions and announced its intention to introduce mandatory verification of accounts.
On Thursday, the regulator reported that EtherDelta, acting as a secondary market for ERC20 tokens, provides a platform where buyers and sellers can meet with each other to exchange Ethereum tokens using a public order book, a site for displaying bids and a smart contract developed on the base of Ethereum.
“The EtherDelta smart contract was written in such a way as to validate the messages associated with the applications, confirm the conditions of the applications, execute the matching applications and send updates to the distributed registry so that transactions are reflected in it,” the agency said in a press release.
EtherDelta conducted over 3.6 million transactions over the 18-month period “with ERC20 tokens, including tokens that are considered securities in accordance with federal securities laws.”
“Almost all the applications that were placed on the EtherDelta platform led to the conclusion of transactions after the SEC published a report on The DAO in 2017, where it indicated that certain digital assets, such as DAO tokens, are securities and platforms provide services for the sale of such securities in the form of digital assets, will be subject to SEC requirements, according to which they must register or qualify for an exception to the rules, ”the regulator writes.
The EtherDelta platform was not registered with the SEC and did not declare that it falls under exemptions in the context of US securities laws.
“EtherDelta had a user interface and the core functionality of the national online stock exchange. She had to register with the SEC or be qualified as an exception, ”said Stephanie Avagian, co-head of the SEC law enforcement department.
Coburn did not admit, nor did he reject his guilt and had already paid $ 300,000 of illegally received funds, $ 13,000 as interest for the period prior to the decision, and $ 75,000 fine. SEC noted that Coburn collaborated with the investigation, which led to a reduction in the amount of the fine.
Recall that shortly before the IDEX exchange, previously generally accepted as decentralized, limited access to its website to users from a number of jurisdictions and announced its intention to introduce mandatory verification of accounts.
🔥 Hot Friday News:
▶️ ️ The developers of the USD-linked CarbonUSD stable block announced the transition to the EOS blockchain. According to representatives of the project, the Carbon team seeks to make the coin interoperable among the “key” blockchain networks.
▶️ ️ The developers of Ethereum at the last video conference set a new date for the hard-core Constantinople in the main network - January 16, 2019. At the same time, the block on which its activation will occur has not been finally selected yet.
▶️ ️ Trade.io bought a brokerage company to start forex trading with cryptocurrency support.
▶️ ️ YouGov survey: more than 90% of UK residents have heard about Bitcoin and up to 9% of the country's citizens own a cryptocurrency.
▶️ ️ Trading volume at Binance decreased by 90%.
▶️ ️ The developers of the USD-linked CarbonUSD stable block announced the transition to the EOS blockchain. According to representatives of the project, the Carbon team seeks to make the coin interoperable among the “key” blockchain networks.
▶️ ️ The developers of Ethereum at the last video conference set a new date for the hard-core Constantinople in the main network - January 16, 2019. At the same time, the block on which its activation will occur has not been finally selected yet.
▶️ ️ Trade.io bought a brokerage company to start forex trading with cryptocurrency support.
▶️ ️ YouGov survey: more than 90% of UK residents have heard about Bitcoin and up to 9% of the country's citizens own a cryptocurrency.
▶️ ️ Trading volume at Binance decreased by 90%.
On Thursday, the Malaysian Ministry of Education posted a press release on Twitter, stating that it had established a new consortium of six universities and launched the blockchain-based e-Scroll system designed to issue and test university degrees.
The reason for the development of this system, as stated in a press release, was the increase in the number of fake diplomas and the ease with which they can be purchased via the Internet.
Referring to the BBC Radio article in January, which says that the trade in fake diplomas has reached “mind-blowing” volumes, the ministry writes that “buyers are willing to spend up to half a million pounds on forged documents”, and adds that “this problem did not bypass Malaysia ".
The press release also states that the idea of creating a blockchain system was first announced by the Malaysian Council of Deans for Information and Communication Technologies (MADICT). It is expected that this system will not only guarantee the authenticity of diplomas but also improve the effectiveness of their authentication.
In addition, the ministry writes that universities are now receiving "thousands of requests from around the world" to verify the authenticity of diplomas. This process is mostly done through telephone calls and emails, “which adds to its inefficiency.”
The blockchain system for issuing and checking diplomas was developed by a team from the International Muslim University of Malaysia (IIUM). The system will store the certification data in the NEM blockchain and perform online verification “in a few seconds” by scanning the QR code printed on the diploma.
During the first phase of the project, diplomas of students graduating from IIUM on November 10 of this year will be recorded in the system. The ministry also invites other universities to join the consortium.
“Although such a system can be created on other blockchains, NEM was eventually chosen, since This blockchain has functions to manage traceability and authentication requirements, ”the press release says.
The reason for the development of this system, as stated in a press release, was the increase in the number of fake diplomas and the ease with which they can be purchased via the Internet.
Referring to the BBC Radio article in January, which says that the trade in fake diplomas has reached “mind-blowing” volumes, the ministry writes that “buyers are willing to spend up to half a million pounds on forged documents”, and adds that “this problem did not bypass Malaysia ".
The press release also states that the idea of creating a blockchain system was first announced by the Malaysian Council of Deans for Information and Communication Technologies (MADICT). It is expected that this system will not only guarantee the authenticity of diplomas but also improve the effectiveness of their authentication.
In addition, the ministry writes that universities are now receiving "thousands of requests from around the world" to verify the authenticity of diplomas. This process is mostly done through telephone calls and emails, “which adds to its inefficiency.”
The blockchain system for issuing and checking diplomas was developed by a team from the International Muslim University of Malaysia (IIUM). The system will store the certification data in the NEM blockchain and perform online verification “in a few seconds” by scanning the QR code printed on the diploma.
During the first phase of the project, diplomas of students graduating from IIUM on November 10 of this year will be recorded in the system. The ministry also invites other universities to join the consortium.
“Although such a system can be created on other blockchains, NEM was eventually chosen, since This blockchain has functions to manage traceability and authentication requirements, ”the press release says.
🔥 A new attack on BTC has begun!
The number of not confirmed applications is growing very quickly.
Transactions with a value of 0.0001 BTC littered the history of unconfirmed transactions. If their number grows, the transfer of BTC will be unreliable, it will be necessary to increase the commission for transfer.
And if the commission rises, the cryptographic audience will start using other currencies for transfer.
🌚 It was also not long ago that information leaked out that in China the electricity to a huge mining farm was turned off for a time. All this smacks of conspiracy against the BTC, in order to attract mass attention to other cryptocurrencies, such as BCN.
The number of not confirmed applications is growing very quickly.
Transactions with a value of 0.0001 BTC littered the history of unconfirmed transactions. If their number grows, the transfer of BTC will be unreliable, it will be necessary to increase the commission for transfer.
And if the commission rises, the cryptographic audience will start using other currencies for transfer.
🌚 It was also not long ago that information leaked out that in China the electricity to a huge mining farm was turned off for a time. All this smacks of conspiracy against the BTC, in order to attract mass attention to other cryptocurrencies, such as BCN.
The North Dakota state securities regulator issued a decree on the immediate cessation of illegal activities in which the Russian ICO project was involved, wrongfully stating its connection with Liechtenstein Union Bank AG and promoting “unregistered and potentially fraudulent securities”. This writes CoinDesk.
On Monday, Commissioner Karen Tyler reported that the website of the ICO project called Union Bank Payment Coin (UBPC) “directly copied” elements of the Union Bank website, including style, graphics, and textual design.
UBPC stated that it is releasing "the world's first security token secured by a licensed bank," and offering "a stable coin fully secured with a fiat currency - the Swiss franc." The project tried to mislead investors by using the official announcement of a regulated and licensed bank about the blockchain, Tyler noted.
While the IP address of the Union Bank website belongs to Liechtenstein, UBPC is located in Russia and is registered to a private person, the publication says.
“Since ICOs are sold over the Internet and are actively distributed on social networks, residents of North Dakota may be involved in offers whose organizers are on the same street or at the other end of the world,” Tyler said. - The criminals in the financial sector continue to profit from the hype and general enthusiasm about the blockchain, cryptocurrency assets, and ICO. Investors need to approach such proposals with extreme caution. ”
Previously, the regulator of North Dakota has already taken action on ICO-projects. Last month, he issued orders for three startups at once: Crystal Token, Life Cross Coin and Advertise Holdings.
On Monday, Commissioner Karen Tyler reported that the website of the ICO project called Union Bank Payment Coin (UBPC) “directly copied” elements of the Union Bank website, including style, graphics, and textual design.
UBPC stated that it is releasing "the world's first security token secured by a licensed bank," and offering "a stable coin fully secured with a fiat currency - the Swiss franc." The project tried to mislead investors by using the official announcement of a regulated and licensed bank about the blockchain, Tyler noted.
While the IP address of the Union Bank website belongs to Liechtenstein, UBPC is located in Russia and is registered to a private person, the publication says.
“Since ICOs are sold over the Internet and are actively distributed on social networks, residents of North Dakota may be involved in offers whose organizers are on the same street or at the other end of the world,” Tyler said. - The criminals in the financial sector continue to profit from the hype and general enthusiasm about the blockchain, cryptocurrency assets, and ICO. Investors need to approach such proposals with extreme caution. ”
Previously, the regulator of North Dakota has already taken action on ICO-projects. Last month, he issued orders for three startups at once: Crystal Token, Life Cross Coin and Advertise Holdings.
Win up to 100 MGO tokens every day!
MobileGo Airdrop starts on 6th of December!
Follow MobileGO on social media channels, retweet the news about GShare and esports platform – get 1 MGO;
Install GShare and earn at least 1 GShare Gold – get 1 MGO;
First 100 participants to complete both tasks will get 2 extra MGOs!
10 users with the largest amount of GShare Gold earned in GShare will get 6 additional MGO.
Play esports tournaments and winners can receive up to 100 MGO daily!
Don’t miss your chance!
Full instruction for the airdrop: http://bit.ly/2PfycFC
Along with airdrop, MGO is now a part of a beta version of GShare app and esports platform. GShare is an app which can be used to earn GShare Gold by using your PC power. Esports is a platform for gamers and MGO token holders which hosts tournaments and allows to earn even more MGO and GShare Gold!
MobileGo Airdrop starts on 6th of December!
Follow MobileGO on social media channels, retweet the news about GShare and esports platform – get 1 MGO;
Install GShare and earn at least 1 GShare Gold – get 1 MGO;
First 100 participants to complete both tasks will get 2 extra MGOs!
10 users with the largest amount of GShare Gold earned in GShare will get 6 additional MGO.
Play esports tournaments and winners can receive up to 100 MGO daily!
Don’t miss your chance!
Full instruction for the airdrop: http://bit.ly/2PfycFC
Along with airdrop, MGO is now a part of a beta version of GShare app and esports platform. GShare is an app which can be used to earn GShare Gold by using your PC power. Esports is a platform for gamers and MGO token holders which hosts tournaments and allows to earn even more MGO and GShare Gold!
Hello! 👋
⏱ Today we’d like to show you a fast developing project — Humans. These guys have a curious idea, excellent team, and innovative technologies. The thing they are lacking right now is feedback. As you all know, this part is essential for every project. Otherwise, the team is risking to create a useless product with common problems.
📍In brief, HUMANS is a technologically advanced solution for trading skills, help and work together. The fully automated process of searching will provide the most accurate matches. The platform combines blockchain with AI, thereby saving user’s time and giving the best UX than ever before.
Here is our advise — check their Telegram Chat 👥 @humans_net, because they are always discussing hot topics from news blockchain news to jobseeking tips from experienced freelancers. HUMANS Team is very competent, friendly and always can help you with any problem you have.
⏱ Today we’d like to show you a fast developing project — Humans. These guys have a curious idea, excellent team, and innovative technologies. The thing they are lacking right now is feedback. As you all know, this part is essential for every project. Otherwise, the team is risking to create a useless product with common problems.
📍In brief, HUMANS is a technologically advanced solution for trading skills, help and work together. The fully automated process of searching will provide the most accurate matches. The platform combines blockchain with AI, thereby saving user’s time and giving the best UX than ever before.
Here is our advise — check their Telegram Chat 👥 @humans_net, because they are always discussing hot topics from news blockchain news to jobseeking tips from experienced freelancers. HUMANS Team is very competent, friendly and always can help you with any problem you have.
BitPay crypto-payment service CEO Stephen Pier is confident that to a large extent the current value of Bitcoin is based on speculation, and only a small part of it is based on practical value. With the help of his company Pier intends to change the situation.
“A very large component of the price, of course, is associated with speculation. Investors are speculating on the future application and distribution of Bitcoin. A small component of the price is its real practical significance. BitPay focuses on this issue - using the platform and providing products that our customers find valuable, ”he said in a conversation with CNBC.
According to Pier, in addition to Bitcoin-ETF, there are several ways to raise the price of cryptocurrency to the levels of the end of 2017. He expects that the current annual transaction volume of BitPay to $ 1 billion in several years will grow to $ 10 billion, and over time - to $ 100 billion when cryptocurrency will be supported by a wide range of retailers and payment applications. According to Pier, this dynamic will be the key to restoring the Bitcoin price.
He also assumes that the blockchain's capabilities will go far beyond the limits of the cryptocurrency space when the technology will begin to be widely used to form databases. According to his estimates, after 3-5 years, customers will be able to go to a restaurant or shop, reasonably expecting that they will support payments on the blockchain.
“We believe that the majority of digital assets will be issued on the blockchain, like most payments made with it. This vision is not limited to bitcoin or tokens that exist today. The blockchain will be issued dollars and euros. Therefore, speaking of payments on the blockchain, we are not talking only about bitcoin payments. We are talking about all types of digital assets that can be used to make payments, ”he concluded.
“A very large component of the price, of course, is associated with speculation. Investors are speculating on the future application and distribution of Bitcoin. A small component of the price is its real practical significance. BitPay focuses on this issue - using the platform and providing products that our customers find valuable, ”he said in a conversation with CNBC.
According to Pier, in addition to Bitcoin-ETF, there are several ways to raise the price of cryptocurrency to the levels of the end of 2017. He expects that the current annual transaction volume of BitPay to $ 1 billion in several years will grow to $ 10 billion, and over time - to $ 100 billion when cryptocurrency will be supported by a wide range of retailers and payment applications. According to Pier, this dynamic will be the key to restoring the Bitcoin price.
He also assumes that the blockchain's capabilities will go far beyond the limits of the cryptocurrency space when the technology will begin to be widely used to form databases. According to his estimates, after 3-5 years, customers will be able to go to a restaurant or shop, reasonably expecting that they will support payments on the blockchain.
“We believe that the majority of digital assets will be issued on the blockchain, like most payments made with it. This vision is not limited to bitcoin or tokens that exist today. The blockchain will be issued dollars and euros. Therefore, speaking of payments on the blockchain, we are not talking only about bitcoin payments. We are talking about all types of digital assets that can be used to make payments, ”he concluded.
The bill presented this week in the US Congress reflects the strong position of the authorities regarding Iran’s attempts to develop its own cryptocurrency.
US regulators a few months ago began to sound the alarm about the fact that the Iranian government wants to use the state cryptocurrency - like the Venezuelan "petro" - to bypass economic sanctions.
The draft law “On the Prevention of Illegal Financial Activities of Iran”, submitted by a member of the House of Representatives Mike Gallagher, proposes that the US Treasury Secretary report to the Congress on the progress made by Iran in creating its national cryptocurrency.
Relevant proposals were also received by Senate Ted Cruz, member of the House of Representatives. He calls for sanctions against those providing Iran with funding, services, or "technological support used to develop the Iranian digital currency."
All this is taking place against the backdrop of the Trump administration’s May decision to withdraw from a nuclear deal with Iran, also known as the Joint Comprehensive Action Plan (JCPOA).
“Exiting JCPOA was only the first step towards increasing pressure on the Iranian regime,” Gallacher said. “Now we have an important window for maximum economic pressure and weakening Iran’s ability to spread violence in its region. The presented draft law is aimed at accomplishing this task by isolating Iran from the international financial community. ”
In recent weeks, Iran has often appeared on cryptocurrency related news. For example, at the beginning of the week, the Iranian government officially announced the benefits of using the blockchain. In addition, recent US sanctions have affected Iranian Bitcoin traders, one of whom later said that he was not guilty of anything.
US regulators a few months ago began to sound the alarm about the fact that the Iranian government wants to use the state cryptocurrency - like the Venezuelan "petro" - to bypass economic sanctions.
The draft law “On the Prevention of Illegal Financial Activities of Iran”, submitted by a member of the House of Representatives Mike Gallagher, proposes that the US Treasury Secretary report to the Congress on the progress made by Iran in creating its national cryptocurrency.
Relevant proposals were also received by Senate Ted Cruz, member of the House of Representatives. He calls for sanctions against those providing Iran with funding, services, or "technological support used to develop the Iranian digital currency."
All this is taking place against the backdrop of the Trump administration’s May decision to withdraw from a nuclear deal with Iran, also known as the Joint Comprehensive Action Plan (JCPOA).
“Exiting JCPOA was only the first step towards increasing pressure on the Iranian regime,” Gallacher said. “Now we have an important window for maximum economic pressure and weakening Iran’s ability to spread violence in its region. The presented draft law is aimed at accomplishing this task by isolating Iran from the international financial community. ”
In recent weeks, Iran has often appeared on cryptocurrency related news. For example, at the beginning of the week, the Iranian government officially announced the benefits of using the blockchain. In addition, recent US sanctions have affected Iranian Bitcoin traders, one of whom later said that he was not guilty of anything.
Great news from www.thejoy.io – the company has launched a beta version of its blockchain app for booking beauty treatments. Users can order beauty & wellness services from both salons and private practitioners using Joycoins – a new cryptocurrency issued by the project.
Joycoins will stimulate a wider adoption of The Joy platform. The token’s value is directly linked to the KPIs of the project: the more users and activity on the platform, the higher the demand for Joycoins and their value.
The Joy has already raised $2.1 million in investment. Soon, a bounty program will be launched, allowing members to earn Joycoins for completing simple testing tasks.
Joycoins can be both used to pay beauty professionals (hair stylist, make-up artists, etc.) and sold on a crypto exchange. For this reason, many users have already chosen to register at this early stage in order to benefit from the future growth of Joycoins’ value.
Join the largest English-speaking Telegram group dedicated to The Joy: https://t.me/thejoyio
Joycoins will stimulate a wider adoption of The Joy platform. The token’s value is directly linked to the KPIs of the project: the more users and activity on the platform, the higher the demand for Joycoins and their value.
The Joy has already raised $2.1 million in investment. Soon, a bounty program will be launched, allowing members to earn Joycoins for completing simple testing tasks.
Joycoins can be both used to pay beauty professionals (hair stylist, make-up artists, etc.) and sold on a crypto exchange. For this reason, many users have already chosen to register at this early stage in order to benefit from the future growth of Joycoins’ value.
Join the largest English-speaking Telegram group dedicated to The Joy: https://t.me/thejoyio
The organizer of the attack 51% on the network Ethereum Classic returned $ 100,000 in the cryptocurrency exchange Gate.io. This is evidenced by the message in her official blog of January 12.
The company noted that it had unsuccessfully tried to contact the hacker until recently and she doesn’t know the reason that pushed him to return the funds.
“If the organizer of the attack didn’t do it for the sake of his own enrichment, he could be an ethical hacker who wanted to remind people of the risks of consensus in the blockchains and the protection of hash powers,” the exchange writes.
On January 9, Gate.io published an analysis of the attack on the Ethereum Classic network, noting that a total of 54,200 ETC was stolen (about $ 271,500). Coinbase Exchange, in turn, states that we are talking about the sum of $ 1.1 million.
Gate.io claims that the Ethereum Classic network hash rate remains low, which is why it is still possible to re-launch 51% attacks using leased hash capacities.
Also, as noted by Trustnodes, currently the size of the awards collected by miners Ethereum Classic for adding blocks sometimes exceeds 200-400 ETC, although the standard value is 4 ETC. The fact is that the instability of the network is forcing some users to pay a disproportionately high commission for adding transactions to the blockchain in the hope that this will avoid their reuse.
Earlier, Gate.io volunteered to compensate for the $ 200,000 that its users lost due to an attack on Ethereum Classic.
The company noted that it had unsuccessfully tried to contact the hacker until recently and she doesn’t know the reason that pushed him to return the funds.
“If the organizer of the attack didn’t do it for the sake of his own enrichment, he could be an ethical hacker who wanted to remind people of the risks of consensus in the blockchains and the protection of hash powers,” the exchange writes.
On January 9, Gate.io published an analysis of the attack on the Ethereum Classic network, noting that a total of 54,200 ETC was stolen (about $ 271,500). Coinbase Exchange, in turn, states that we are talking about the sum of $ 1.1 million.
Gate.io claims that the Ethereum Classic network hash rate remains low, which is why it is still possible to re-launch 51% attacks using leased hash capacities.
Also, as noted by Trustnodes, currently the size of the awards collected by miners Ethereum Classic for adding blocks sometimes exceeds 200-400 ETC, although the standard value is 4 ETC. The fact is that the instability of the network is forcing some users to pay a disproportionately high commission for adding transactions to the blockchain in the hope that this will avoid their reuse.
Earlier, Gate.io volunteered to compensate for the $ 200,000 that its users lost due to an attack on Ethereum Classic.
Swiss bank Falcon has opened a cryptocurrency transfer service
The private Swiss bank Falcon realized the possibility of making transfers and storing cryptocurrencies, according to a press release dated January 21.
According to the publication, individual and institutional clients of the bank will be able to transfer and receive supported cryptocurrencies using separate wallets, as well as convert digital currencies into fiat currency. At the first stage, the service will support only four cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
Falcon says that thanks to his latest initiatives, a full range of banking services is becoming available for assets released on the blockchain. Among other things, the bank includes cryptocurrency in portfolio and tax reporting.
“Falcon took another opportunity to show itself as a leader in the digital asset space, combining traditional private banking with innovative financial solutions,” said Martin Keller, CEO of the company.
The bank also offers a cryptocurrency storage service, which, according to a press release, has been tested by third-party auditors, meets the requirements of anti-money laundering and customer identification.
In 2017, Falcon received permission from the Swiss Financial Market Supervision Authority (FINMA) to work with cryptocurrency assets.
The private Swiss bank Falcon realized the possibility of making transfers and storing cryptocurrencies, according to a press release dated January 21.
According to the publication, individual and institutional clients of the bank will be able to transfer and receive supported cryptocurrencies using separate wallets, as well as convert digital currencies into fiat currency. At the first stage, the service will support only four cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
Falcon says that thanks to his latest initiatives, a full range of banking services is becoming available for assets released on the blockchain. Among other things, the bank includes cryptocurrency in portfolio and tax reporting.
“Falcon took another opportunity to show itself as a leader in the digital asset space, combining traditional private banking with innovative financial solutions,” said Martin Keller, CEO of the company.
The bank also offers a cryptocurrency storage service, which, according to a press release, has been tested by third-party auditors, meets the requirements of anti-money laundering and customer identification.
In 2017, Falcon received permission from the Swiss Financial Market Supervision Authority (FINMA) to work with cryptocurrency assets.
CEO of the Hong Kong Stock Exchange questioned the prospects for IPO mining companies
The head of the Hong Kong Stock Exchange (HKEX) has confirmed that specializing in mining cryptocurrency companies can in vain expect to hold an initial public offering (IPO) on its site. This writes CoinDesk, citing local media.
According to their information, HKEX CEO Charles Li Xiaojia said that companies wishing to issue their securities on HKEX should have a “sustainable” business model. Although Lee did not mention specific names, he gave his comment on the requirements for listing in response to a question about the prospects for miners. To date, three major Chinese mining companies - Bitmain, Canaan and Ebang - have applied for an IPO on HKEX, but none of them have received any approval.
According to Lee, a company that earned billions of dollars in one area and then suddenly switched to another direction, refusing to disclose information about its results at a certain interval in the past, demonstrates that its business was “unsustainable” in the first case.
The next question HKEX asks such companies is their ability to continue doing business and make money. The exchange will "adhere to the principle of market adaptability" when considering applications for IPO, including those that were issued by cryptocurrency miners, Lee added.
Bitmain filed an application for an IPO in September last year, and Canaan and Ebang - in May and June, respectively. Later, a source familiar with the situation said that HKEX is not in a hurry to approve these applications due to the volatility of the cryptocurrency market.
The head of the Hong Kong Stock Exchange (HKEX) has confirmed that specializing in mining cryptocurrency companies can in vain expect to hold an initial public offering (IPO) on its site. This writes CoinDesk, citing local media.
According to their information, HKEX CEO Charles Li Xiaojia said that companies wishing to issue their securities on HKEX should have a “sustainable” business model. Although Lee did not mention specific names, he gave his comment on the requirements for listing in response to a question about the prospects for miners. To date, three major Chinese mining companies - Bitmain, Canaan and Ebang - have applied for an IPO on HKEX, but none of them have received any approval.
According to Lee, a company that earned billions of dollars in one area and then suddenly switched to another direction, refusing to disclose information about its results at a certain interval in the past, demonstrates that its business was “unsustainable” in the first case.
The next question HKEX asks such companies is their ability to continue doing business and make money. The exchange will "adhere to the principle of market adaptability" when considering applications for IPO, including those that were issued by cryptocurrency miners, Lee added.
Bitmain filed an application for an IPO in September last year, and Canaan and Ebang - in May and June, respectively. Later, a source familiar with the situation said that HKEX is not in a hurry to approve these applications due to the volatility of the cryptocurrency market.
Startup Kik intends to defend the status of his token before the SEC in court
Kik start-up developer Kik Interactive Inc. ready to meet with representatives of the US Securities and Exchange Commission (SEC) in court to defend their interests in connection with the expected actions of the regulator in relation to its token, distributed through the ICO in 2017. This was the head of the company Ted Livingston said in a conversation with The Wall Street Journal.
The SEC believes that Kik, having sold $ 100 million Kin tokens, has issued and distributed unregistered securities, according to documents reviewed by the WSJ. Livingston noted that the authorities do not accuse them of fraud, but insist that Kik did not register his proposal properly and, as a result, did not fulfill the requirements for information disclosure. The initiative comes from the SEC law enforcement department and requires that the commissioners vote for it - it has not been done so far.
Livingston decided to integrate a cryptographic token into its platform as a tool for its monetization - developers and users can earn Kin by creating applications or performing various types of tasks, such as passing surveys. The issuer said that from the very beginning he had positioned his token not as a valuable paper, but as a mechanism that would form the basis of a new ecosystem of applications and services, of which Kik itself would become an integral part.
While the SEC claims that the majority of ICO tokens are securities, referring to the ruling of the Supreme Court 73 years ago, Kik on December 10 put forward a counter argument according to which the distribution conditions Kin do not allow the token to be recognized as security.
“The implementation of law enforcement actions against Kik and its foundation will further aggravate the situation of extremely inadequate regulation,” the company's lawyers wrote.
Kik start-up developer Kik Interactive Inc. ready to meet with representatives of the US Securities and Exchange Commission (SEC) in court to defend their interests in connection with the expected actions of the regulator in relation to its token, distributed through the ICO in 2017. This was the head of the company Ted Livingston said in a conversation with The Wall Street Journal.
The SEC believes that Kik, having sold $ 100 million Kin tokens, has issued and distributed unregistered securities, according to documents reviewed by the WSJ. Livingston noted that the authorities do not accuse them of fraud, but insist that Kik did not register his proposal properly and, as a result, did not fulfill the requirements for information disclosure. The initiative comes from the SEC law enforcement department and requires that the commissioners vote for it - it has not been done so far.
Livingston decided to integrate a cryptographic token into its platform as a tool for its monetization - developers and users can earn Kin by creating applications or performing various types of tasks, such as passing surveys. The issuer said that from the very beginning he had positioned his token not as a valuable paper, but as a mechanism that would form the basis of a new ecosystem of applications and services, of which Kik itself would become an integral part.
While the SEC claims that the majority of ICO tokens are securities, referring to the ruling of the Supreme Court 73 years ago, Kik on December 10 put forward a counter argument according to which the distribution conditions Kin do not allow the token to be recognized as security.
“The implementation of law enforcement actions against Kik and its foundation will further aggravate the situation of extremely inadequate regulation,” the company's lawyers wrote.
Indian government concerned about the potential impact of digital assets on national currency stability
According to information published on February 4, the government of India is seriously concerned about the consequences of the legalization of crypto active assets in the country and their impact on the national rupee, its course, liquidity, and basic stability.
According to an insider, this issue is now being closely studied by a commission formed by the country's government headed by the Minister of Economy and previously World Bank Executive Director Subhash Chandra Garg.
In the case when the turnover of Bitcoin or other digital assets will be resolved, as well as its use as a means of payment, can there be serious problems with the stability of the national currency rate? The overall impact on the country's financial market, which this step may have is unclear and difficult to predict, which gives rise to skepticism and apprehension.
Such concerns are fueling research by BIS, a global banking structure uniting all significant central banks of the world. They contain a warning that even digital assets issued at the state level may pose a threat to financial stability.
The more optimistic participants are not present in the committee and do not make decisions, but in every possible way seek to comment on the situation.
Rahul Raj, founder of the Koinex cryptocurrency exchange in India:
At the moment, it is somewhat premature to worry about the effect of cryptocurrency on the stability of the money supply, since the volumes of transactions with their participation are insignificant compared to other financial flows.
In other words, in order for such a threat, in theory, to take on some shape, a turnaround is necessary that is comparable to Visa or Mastercard.
According to information published on February 4, the government of India is seriously concerned about the consequences of the legalization of crypto active assets in the country and their impact on the national rupee, its course, liquidity, and basic stability.
According to an insider, this issue is now being closely studied by a commission formed by the country's government headed by the Minister of Economy and previously World Bank Executive Director Subhash Chandra Garg.
In the case when the turnover of Bitcoin or other digital assets will be resolved, as well as its use as a means of payment, can there be serious problems with the stability of the national currency rate? The overall impact on the country's financial market, which this step may have is unclear and difficult to predict, which gives rise to skepticism and apprehension.
Such concerns are fueling research by BIS, a global banking structure uniting all significant central banks of the world. They contain a warning that even digital assets issued at the state level may pose a threat to financial stability.
The more optimistic participants are not present in the committee and do not make decisions, but in every possible way seek to comment on the situation.
Rahul Raj, founder of the Koinex cryptocurrency exchange in India:
At the moment, it is somewhat premature to worry about the effect of cryptocurrency on the stability of the money supply, since the volumes of transactions with their participation are insignificant compared to other financial flows.
In other words, in order for such a threat, in theory, to take on some shape, a turnaround is necessary that is comparable to Visa or Mastercard.
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