Crypto Crew

Harry Denley, director of security at wallet provider MyCrypto, who identified the fake wallet extensions, said in a report Tuesday that Google has so far removed 49 extensions that purported to be well-known crypto wallets from its Chrome Web Store. The fake extensions are basic phishing plays. Posing as legitimate wallets, they leak personal information inputted by users, such as private keys and passwords, to the hacker, who can then drain balances in a matter of seconds. The fakes detected have so far claimed to be wallets such as Ledger, Trezor, Jaxx, Electrum, MyEtherWallet, MetaMask, Exodus, and KeepKey. Test amounts of crypto sent by Denley have not been picked up, suggesting that either the hacker has to manually empty wallets or that they are only interested in comparatively large balances. On the Chrome Web Store, most of these apps had consistently good reviews written typically in simplistic or broken English. On the basis that the admin email appears to be a Rus...

Huobi Korea announced on April 8 that they might be ending support for Monero (XMR) trading starting on April 9, 2020. They stated that this was thanks to "low trading volumes and anonymity functions". They didn't , however, reference the recent Nth room case, during which South Korean media has speculated the exploitation ring used XMR to finish anonymous transactions. According to the South Korean newspaper, Sisa Journal, headlines covering the sexual exploitation case remained rampant within the country, with many news outlets suggesting that Monero has been used for criminal acts, specifically within the Nth case. The quoted case is an ongoing criminal investigation that allegedly involved sexual exploitation and therefore the distribution of videos containing rapes among Telegram chat rooms. Bithumb still lists XMR in South Korea despite the reports Sisa Journal is additionally reporting that another cryptocurrency exchange, Bithumb, has been struggling for...

While worldwide joblessness keeps hitting new highs in the midst of the coronavirus pandemic, the cryptographic money industry is stepping in to protect work misfortunes, with some of the most significant organizations inside the space declaring their aim to contract new representatives.  Binance, the world's biggest cryptographic money trade, has recently declared that it's looking to lease very 100 new workers, regardless of the proceeded with monetary downturn.  In an April 3 tweet, Binance welcomed individuals round the world to make a profession inside the Blockchain space, offering a significant chance to "telecommute" as worldwide purview keep fortifying isolate measures.  Binance CEO and originator, Changpeng Zhao, in this manner carried further regard for Binance's procuring binge by tweeting:  “Getting used to work from home, but hate your job? Good at what you do and passionate about crypto? You know what to do.” Binance to broaden its staf...

The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), published this week a list of companies that have been granted an exemption from holding a license under the Payment Services Act (PS Act) 2019 for a specified period of time. The Act went into effect on Jan. 28; it regulates crypto service providers in Singapore. Crypto companies that were already in business prior to the commencement of the Payment Services Act were required to notify the MAS of their businesses and have been granted a license exemption. The authority emphasized: "These entities are not licensed under the PS Act to provide the specific payment services,...

A common claim among bitcoin enthusiasts is that it's a “decentralized” method of creating payments. Here are some notable outlets making this claim: Investopedia: “Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.” Business Insider: “Because bitcoin is decentralized, it’s indirectly subject to plug forces like interest rates or currency debasement.” St. Louis Federal Reserve: “Bitcoin may be a decentralized recordkeeping system, with updating of the record of transactions within the blockchain.” This is additionally to the many other websites, both professional and amateur, that assert that bitcoin may be a decentralized system. But a replacement working paper from economists William J. Luther and Sean Stein Smith is casting doubt on this characterization of bitcoin. Luther and Smith offer a replacement taxonomy of the various methods of pro...

Philip Salter, head of operations at Genesis Mining, believes that economic meltdown may cause a growing value for Bitcoin as a hedge against the banks. In the last few weeks, there has been tons of turmoil within the Bitcoin world. There was a rapid decline in hashrate, followed by a good more precipitous price drop. This was particularly troublesome in sight of the approaching halving. Cointelegraph has had an in-depth conversation on these topics with one among the foremost prominent figures within the Bitcoin mining space, Phil Salter. Bitcoin miners have margin calls too Speaking on whether miners played a serious role within the recent market decline, Salter observed: "It’s no different from traditional markets, you have to sell everything to keep the operations going, to pay off your debts. As a miner you have bills to pay, you have to pay for electricity, for operations; and your expenses are in dollars, so as the price of bitcoin is dropping, it means you have...

As fears of disinformation and election tampering take hold of citizens across the world , many are left to wonder if there’s an answer which will quell voter concerns. A recent study by global communications firm Ketchum found growing distrust among individuals around voting machines (59%), issues with voter databases (60%), interference through technology (63%) and therefore the influence of social media (61%). In the us , this year’s Iowa Democratic Party caucuses left voters frustrated when a voting app resulted in incorrect and wholly unreliable results. Delays ensued, and a candidate prematurely proclaimed himself the winner, which led to questions as to whether foul play was involved. Other states like Oregon took measures to prevent voter fraud with aid from the Federal Government, while Georgia acknowledged that its servers were hacked after being left exposed on the open internet for around six months.  That’s just one country, but this is a global issue. In Israe...

Perception of Bitcoin Changing in  China :  Bitkan CEO Shares Insights After 7 Years in Crypto Industry Since the arrival of bitcoin in 2009, cryptocurrencies have gone from being a distinct segment topic for tech nerds to ubiquitously recognized — if not always understood — staples of recent finance. Bitkan CEO Liu Yang recently took a while bent give news.Bitcoin.com a peek into the Chinese bitcoin community and its changing ideas and perceptions of crypto, throughout Bitkan’s seven years in the business. Though general narratives have changed and evolved, and the recent covid-19 crisis impacted markets, the CEO says that overall China is still bullish on bitcoin.  Following Bitcoin, Forming Bitkan An integrated platform for multiple crypto services, Bitkan was launched in March 2013 by former members of China tech giant Huawei‘s R&D department. CEO and co-founder Liu Yang was head of the Huawei Wireless Technology R&D department at the time, leaving to...

A filing submitted within the lower house of India’s parliament — the Lok Sabha — has revealed an investigation into fraudulent practices by so-called “bit coin companies” operating within the country. An official question was submitted by center-left parliamentarian Mohammed Faizal and was answered by Minister of State for Finance and company Affairs Anurag Thakur on March 16. Indian politician requests investigation into regulatory status of crypto companies Faizal asked the Minister of Corporate Affairs three questions concerning cryptocurrency companies in India. Firstly, he asked if the govt is conscious of an increasing number of reports alleging “cheating and fraudulent practices by bit coin companies.” He also asked if said crypto firms “are repeatedly violating rules laid out by the company Affairs Ministry by not filing annual balance sheets,” lastly requesting details concerning any action taken against the offending companies. Only two crypto companies are app...

A majority of fundraising and M&A deals in the cryptocurrency business are currently happening in Asia and Europe, surpassing the antecedently dominant role of the americas, according to a new report from PwC. Released on Thursday at CoinDesk’s Invest: Asia event, the professional service firm’s analysis of the crypto ecosystem found that 41 % of global fundraising deals in Q2 2019 happened in Europe. Europe saw 34 % of global fundraising deals in the same period last year. Similarly, cryptocurrency fundraises in the Asian market have jumped considerably, accounting for 26 % of the deals in Q2 2019. Combined, the two regions accounted for 67 % of the action in Q2 2019. Meanwhile, the report identifies a significant drop in crypto fundraising deals in the Americas. While the region accounted for 51 percent of global deals in Q2 2018, the americas captured simply 28 % in Q2 2019. Globally, however, the entire number of fundraising deals, as well as the quantity of cap...

Buying a new car is usually a thrill. Buying a luxury vehicle, a roadster or a classic even more so. However such an enjoyable acquisition is usually accompanied by time intense formalities. Once all you want is to sit behind the wheel as soon as possible, these additional steps can be a nuisance for most individuals. Finding a dream car you can purchase with cryptocurrency will definitely save you some time and effort, particularly when cross-border payments are involved. You can currently do that with BCH on Autocoincars.com, a platform that works with leading supercar dealers. Purchasing a Supercar With BCH is easy Browsing through car ads can be a pleasure and a curse. It takes time to find the right model and make that suits your taste and needs. Multiple websites nowadays offer car buyers with a plethora of offers. However, if you're not solely a petrolhead but also a crypto enthusiast, there aren’t too several platforms with a good choice of vehicles you can purchase...

Circle chief executive officer Jeremy Allaire says the U.S. lagging behind China’s development of a national digital currency may alter the way Western companies transfer payments. Speaking on The Global Coin analysis podcast in the week, Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi, and will shortly bypass Western rules through direct settlements. Allaire also said Circle continues to be interested in the development of stablecoins, such as its USD Coin. “[Circle] also believes that the major reserve currencies of the world, the most important trade currencies of the world, would become digital currencies,” Allaire said. “A digital currency version of renminbi that runs on software platforms that can be run over the internet, it really creates an opportunity for China and Chinese companies . . . and bypass the western banking system.” Earlier this month, the People’s Bank of China declared it ...

Users from all over the globe will now support the widely popular free encyclopedia Wikipedia with bitcoin cash donations via Bitpay. The non-profit model and global nature of the organization means it has to find a universal and cost-effective payment solution, and cryptocurrencies are an apparent alternative.   Accepting Bitcoin Cash Is A Natural Step The Wikimedia Foundation, the nonprofit that operates Wikipedia and similar free knowledge projects, has partnered with Bitpay, the popular cryptocurrency payment processor, to accept bitcoin cash (BCH) and bitcoin core (BTC) donations. The Wikimedia Foundation has already been accepting BTC since 2014 via Coinbase but recently switched payment processors to Bitpay and used this chance to expand into accepting BCH. “Our donors have shown an accrued interest for various cryptocurrencies, thus accepting bitcoin cash was a natural next step,” said Pats Pena, director of payments and operations at Wikimedia Foundation. “W...

Buying bitcoin isn't a revolutionary act. Nor should it be. And however the method statists, apparatchiks and politicians bang on, you’d assume the mere act of acquiring digital currency was akin to receiving the keys to a pandora’s box in that lurks every illicit artifact known to man. One day, these dinosaurs will begrudgingly concede that buying bitcoin is no more seditious than buying a soda with a $20 bill. But till then, you’ll need to preserve your privacy once acquiring cryptocurrency. Buy Your Bitcoin, Keep Your Privacy The reasons why you might need to stay bitcoin ownership to yourself don’t need rehashing. Put simply, though, it’s no one’s damn business what you would like to do with your money or how you wish to store your wealth. In the future, governmental scrutiny of bitcoin ownership will look as archaic and benighted as state intrusion into the religious or sexual preferences of its citizens. By the time that day comes, bitcoin may be worth a lot more tha...

The case against the crypto banking ban by the reserve bank of india (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, thus a new date has been set and the crypto case will be “top of the list” on that date. Caught by surprise The Indian supreme court was scheduled  to hear the petitions against the crypto banking ban imposed by the country’s central bank, the RBI, on Tuesday once repeatedly postponing it last year. The case was finally heard on Thursday. However, according to Twitter account Crypto Kanoon, an Indian platform for blockchain regulatory news and analysis, the “crypto vs. RBI matter reached in the supreme court. As the matter was surprising to achieve, sr. advocates showing for parties weren't present.” The user continued to detail: "Now it'll come for hearing on 26th February on ‘top of the list’ i.e., it'll be at serial no. 1 on the Cause List." A...

The arrival of rising technologies like blockchain and cryptocurrencies brought a number of security, trust, usability and valuation issues for the industry. Platon Finance, a leading crypto-financial company on the Ethereum blockchain set out to solve many of these issues by offering insurance against cyber theft — and it was the first to do so. Based in Czechia with offices in Slovakia, the company is making strides in the marketplace by providing B2B and B2C solutions for the crypto world. Platon CEO, Daniel Tanner, announced, “We’re excited to partner with Lloyd’s of London,” the leading British insurance and risk syndicate that insures each Platon Finance wallet for up to 500,000 euros. The serial entrepreneur who co-founded the company with his wife, Julia, recently completed their new office launch in Prague, Czechia, winning news coverage from national television. The team celebrated its recent massive win: a strategic partnership with the real estate investment compa...