Month: September 2018

Amateur Cryptojackers and Apple Macs Emerge as Two Mining Malware Trends for 2018

Amateur Cryptojackers and Apple Macs Emerge as Two Mining Malware Trends for 2018

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY, MONERO
2017 was a big year for cryptojacking. It increased by 8,500 percent, according to figures published by Symantec in March. And it would seem that 2018 has so far been an even bigger year for mining malware, as the Cyber Threat Alliance September report revealed that, beginning on Jan. 1, cryptojacking still had room to increase by a further 500 percent.However, beneath this simple outline of growth, there is a bigger, more complicated picture. Despite reports from some quarters showing that mining malware detections increased in the first two quarters of 2018, other reports suggest that they have in fact decreased.And while the overall growth in mining malware since last year has been attributed to the volatility of cryptocurrency prices and the existence of software bugs, other factors ha...
Leaked Document Suggests Huobi Collusion with EOS Block Producers

Leaked Document Suggests Huobi Collusion with EOS Block Producers

BITCOIN, EOS, ETHEREUM
A leaked spreadsheet by an employee of Huobi, one of the biggest crypto-exchanges in the world, appears to suggest collusion between the exchange and other block producers for mutual benefit.Details of the LeakIn what could possibly dent the trust of investors in the EOS coin, a leak by one Shi Feifei, a Huobi employee, has exposed the weakness in the blockchain which apparently is being exploited by the exchange in connivance with some other block producers (BP).The leaked spreadsheet spells out the details of how Huobi and some block producers of the EOS blockchain indulge in mutual voting and sharing of proceeds from producing blocks in EOS. The document reveals that Huobi votes for 20 BPs and 16 of them vote for Huobi in return.According to the document, the exchange was previously vot...
It’s Easy to Get Started With BESTMIXER.IO, the Best Bitcoin Tumbler Around

It’s Easy to Get Started With BESTMIXER.IO, the Best Bitcoin Tumbler Around

CRYPTOCURRENCY
If you need to mix your bitcoins, you don’t want to waste time trying to figure out how to get started, or completing a lengthy registration process. There is an easy way to mix your bitcoins in a few clicks. With BestMixer.io, it’s as easy as clicking on the ‘Start Mixing’ button on their home page, filling in the details of what you want to mix and how you want to do it, and you’re on your way. These easy steps must surely mean that BestMixer.io is the best bitcoin tumbler around. Just because it is so easy to get going with BestMixer.io does not mean that the service has skimped on security, or making sure your transaction is anonymous. If anything, BestMixer.io has gone to great lengths to ensure that your anonymity is guaranteed and the transaction can’t be tracked
Ethereum (ETH) and Ripple (XRP) Jockey for 2nd Place – Less than 3% Market Cap Difference

Ethereum (ETH) and Ripple (XRP) Jockey for 2nd Place – Less than 3% Market Cap Difference

BITCOIN, ETHEREUM, RIPPLE
In what is turning out to be a closely fought battle, Ripple’s XRP is once again within spitting distance of dislodging Ethereum from its position as the number two cryptocurrency by market cap, having briefly achieved the feat last week and again earlier today. Fight for 2nd PlaceBitcoin is the undisputed king of cryptocurrencies with its dominance fluctuating between 32% to 55% over the last year and a half. Ethereum has enjoyed a happy and secure second place spot.  Last year, as Ethereum quickly gathered momentum, people started talking about the possibility of a “flippening,” with Ethereum replacing bitcoin in the long term.What not even the expert investors and traders had expected was the flippening that took place last week after the sudden surge in Ripple’s price. While XRP was in
Crypto Markets See Mix of Red and Green, With Half of Top 100 Coins Slightly Up

Crypto Markets See Mix of Red and Green, With Half of Top 100 Coins Slightly Up

COINTELEGRAPH, CRYPTOCURRENCY, RIPPLE
Sunday, September 30: crypto markets are seeing a mix of red and green today. A little more than half of the top 100 cryptocurrencies have grown in the 24 hours to press time.The daily trade volume has declined, seeing a relatively sharp drop from around $15 billion yesterday to $13.8 billion at press time.Market visualization from Coin360Bitcoin (BTC) has been hovering around $6,600 for most of the day, with an intraday low of $6,561 and a high of $6,640. At press time, Bitcoin is trading at $6,632, up around 0.7 percent on the day. Bitcoin’s dominance share on the market is currently at 51.2 percent.Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price IndexEthereum (ETH), currently the second largest cryptocurrency by market cap, continues to hover around $230, after suffering
Chinese Bank Issues $1.3 Billion Securities via Blockchain Amidst Cryptocurrency Crackdown

Chinese Bank Issues $1.3 Billion Securities via Blockchain Amidst Cryptocurrency Crackdown

BLOCKCHAIN, BTC MANAGER, ETHEREUM
Making use of its proprietary blockchain platform, China’s Bank of Communications (BoCom) has issued residential mortgage-backed securities (RMBS) worth 1.3 billion USD, per a report published by China Money Network, dated September 28, 2018. Blockchain Shooting up to the Moon The RMBS issued by the state-owned commercial bank have the China International Capital Corporation as its lead underwriter and book runner. Industrial and Commercial Bank of China and China Merchants Bank are the other co-underwriters involved in the gargantuan offering. Interestingly, this is the first instance of RMBS being issued in the Chinese market through a DLT platform, and it’s not hard to guess why. The blockchain technology provides several benefits that trump the more traditional methods of floating secu
Hodler’s Digest, September 23-30: Walmart Embraces Blockchain, Google Does 180 On Crypto-Ad Ban

Hodler’s Digest, September 23-30: Walmart Embraces Blockchain, Google Does 180 On Crypto-Ad Ban

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.Top Stories This WeekGoogle Reverses Crypto Ad Ban, Allows Crypto Exchanges In Japan, US To AdvertiseThe U.S. tech giant Google is set to update its ad policy in October, re-allowing registered cryptocurrency exchanges located in the U.S. and Japan to advertise. According to the official announcement, starting in October, Google will allow registered cryptocurrency exchanges to advertise on its Google Adwords platform, targeting the U.S. and Japanese audiences. The announcement notes that advertisers will need to be certified
Bitcoin Price Makes Second Straight Monthly Loss in September

Bitcoin Price Makes Second Straight Monthly Loss in September

BITCOIN, Coin Desk
Bitcoin (BTC) is reporting losses for a second straight month, but there are hints of a bullish breakout ahead in the fourth quarter. At press time, the leading cryptocurrency is trading at $6,570 – down 6.30 percent from September's opening price of $7,014. BTC also registered a 10-percent decline in August, according to CoinDesk's Bitcoin Price Index (BPI). However, despite the back-to-back monthly losses, the cryptocurrency is flashing a 2 percent gain for the third quarter. Further, the quarterly gain could have been much bigger had the US Securities and Exchange Commission (SEC) not rejected a notable application for a bitcoin exchange-traded fund (ETF). July: BTC trapped bulls on the wrong side of the market Bitcoin jumped to a two-month high of $8,507 on July 25, confirming an upsid
Japan: Self-Regulatory Group of Crypto Exchanges Set to Tighten Rules on Online Digital Asset Storage

Japan: Self-Regulatory Group of Crypto Exchanges Set to Tighten Rules on Online Digital Asset Storage

COINTELEGRAPH, CRYPTOCURRENCY
The self-regulatory Japan Virtual Currency Exchange Association (JVCEA) plans to stricten its customer asset management measures. The Japan Times outlet reported this news Sunday, September 30, citing “informed sources.”JVCEA is a self-regulatory group of some of the largest licensed exchange operators in Japan, established in April of this year. Now, the organization is reportedly planning to tighten its rules by establishing a limit on the amount of digital currencies that can be managed online by any exchange.According to The Japan Times’ sources, the limit will likely be set at around 10 to 20 percent of customer deposits. JVCEA is reportedly in the process of revising its rules, originally formulated in July, after which they will be presented for certification to Japan’s Financial Se
Trade War Between China and USA Affects GPU Tariffs, Cryptocurrency Mining to be Affected

Trade War Between China and USA Affects GPU Tariffs, Cryptocurrency Mining to be Affected

BITCOIN, BLOCKCHAIN, BTC MANAGER, CRYPTOCURRENCY
President Trump’s latest tariffs on Chinese goods could lead to an increase of graphics cards from both AMD and NVIDIA in the following months, reported CNBC on September 27, 2018.  In a competitive mining scene where profit margins are slim, even the slightest increase in costs could mean the difference from being in the black and being in the red. With the cryptocurrency market still in an overall slump compared to the heights of last year, GPU miners have already been feeling their revenue squeezed. Trump’s Trade War with China While thousands of items are affected by the announcement, and China responded similarly with tariffs on their own against US goods, the tax will only apply to graphics cards assembled in China. Thankfully, graphics cards coming from Taiwan will remain unaffected