Kraken’s exodus from Japan

CRYPTO WORLD
Kraken Japan

Kraken, one of the longest-operating cryptocurrency exchanges in the world, is pulling out of Japan. Kraken attributed the exit to the rising cost of doing business in the country, but said that it might return in the future. The exact dates for suspending trading and funding have not been determined yet, and the San Francisco-based exchange promised to contact its clients residing in Japan when this happens. According to Kraken’s statement, which was leaked on Twitter, the suspension of services for Japanese residents will allow the company to shift its…

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Russian court bans Telegram

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Telegram privacy

A Russian court has levied an official ban against messaging app Telegram, just weeks after its initial coin offering (ICO) presale raised nearly $2 billion in two private funding rounds. Tagansky court judge Yuliya Smolina ruled against Telegram on Friday, siding with communications regulator Roskomnadzor’s request for the authorization to block access to the app on the grounds that the company had refused to comply with local laws. Intelligence officials with the FSB Federal Security service had repeatedly demanded that Telegram hand over its encryption keys, which would have allowed…

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Taobao bans listing of cryptocurrency and ICO services

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TaoBao

Taobao, often known as eBay of China has updated their policy banning Cryptocurrencies, ICOs, and other virtual currency-related services. Taobao is a subsidiary of Chinese eCommerce Giant Alibaba set up in 2003 where individuals and small business can list items for sale within China. Taobao previously had a ban on the sale of Cryptocurrency Miners and offering Mining Tutorials. In addition to that, they have now banned any product or service that makes use of the Blockchain. The new rule prohibits Cryptocurrency related services which include ICO Consultancy, White Paper…

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Boerse Stuttgart launches crypto trading app

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Bison trading app

The Bison app, which was developed by Boerse Stuttgart, will be available to cryptocurrency traders in the fall. Germany is taking the lead among retail exchanges tapping into the cryptocurrency base. Sowa Labs, a fintech subsidiary of Boerse Stuttgart, Germany’s second largest stock exchange for retail derivatives, has launched Bison, a mobile app for trading cryptocurrencies. Bison will support trading in bitcoin, Ethereum, Ripple and Litecoin. More coins will be supported soon. The Bison app rivals the likes of Robinhood in that there are zero trading fees. Meanwhile, it’s a…

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Yahoo Japan is buying 40% in cryptoexchange

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Yahoo Japan homepage

Yahoo Japan is set to buy a minority stake in Tokyo-based cryptocurrency exchange BitARG with services primed for launch later this year. In significant news out of Japan on Friday, a domestic subsidiary of Yahoo Japan will be acquiring 40% of Tokyo-based cryptocurrency exchange BitARG, paving the way for the tech giant to enter the crypto sector. Yahoo Japan remains among the most popular websites in Japan – ranked at #4 by user traffic in the country and #40 globally – and is also the country’s biggest online auction site.…

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EU partnership to boost blockchain

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EU blockchain partnership

The EC is inviting other countries across Europe to join the partnership. As representatives of the European countries gather in Brussels for Digital Day 2018, 22 Member States of the European Commision (EC) have signed a declaration to establish a European Blockchain Partnership. According to the press release, this is a landmark partnership as it will be a “vehicle for cooperation amongst member states to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide [Blockchain] applications across the Digital Single Market for the…

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4000% cryptojacking increase in Q1 of 2018

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MalwareBytes report

Android crypto-miners have seen a staggering 4000% increase in the first three months of 2018. To put things in perspective, the total consumer detections have reached 16 million as of the end of March, according to a report issued by Malwarebytes. It seems that last year’s cryptojacking sentiment is still running with full force, as consumer crypto-miners soar 4000% in just the first three months of 2018. Info Security cites Malwarebytes, pointing out the massive increase in Android crypto-miners. Malwarebytes’ Cybercrime Tactics and Techniques report for the first three months…

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How to achieve security of cryptocurrency?

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Platon Club cryptosecurity

Nowadays cryptocurrencies are becoming more and more popular. Public is speaking about them more and more. But with the growing interest in virtual currencies there are other issues that people want to be solved. People who choose to invest and to buy the cryptocurrency are also keen on security because they will not end up short. They are looking for the exchange offices or stoking exchanges that have a good name, the highest protection and good security. But to be honest market is still missing such products. Hacker attacks are…

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Monero hard fork appears successful

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Monero hard fork

Users of anonymity-focused altcoin Monero (XMR) continue to wait with baited breath after the cryptocurrency hard forked Friday, April 6. In an attempt to protect the cryptocurrency against ASIC miners, the altcoin’s developers successfully completed the transfer to version 7 of Monero, creator Riccardo Spagni confirming the move in typically tongue-in-cheek style on social media: Monero did the thing with the thing. pic.twitter.com/EEwjfZxY0R — Riccardo Spagni (@fluffypony) 6. dubna 2018 The contentious hard fork comes as the Monero community has gained several forks, some ostensibly aiming to preserve the ASIC-compatible…

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Ripple offered Gemini $1 million to list XRP last year

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XRP charts

Also offered Coinbase a loan of $100 million worth of XRP. Executives at Ripple have been desperately trying to get a listing at a US exchange, according to a new report from Bloomberg. They offered $1 million cash to Gemini and a loan of $100 million XRP to Coinbase with the option to pay it back in dollars or XRP later. They would have likely made a huge profit by repaying in dollars because the price of the XRP would have likely risen because of the listing. Exchanges, however, declined…

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Ethash ASIC Miners by Bitmain

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EtHash ASIC miner

Chinese tech giant Bitmain announced that they are releasing an Ethash ASIC miner. In the tweet, Bitmain says that the Antminer E3 is the “world’s most powerful and efficient EtHash ASIC miner.” The units will retail for $800 each and according to the tweet, are not available in China, nor can they be shipped to Hong Kong, Macau, or Taiwan. Orders are limited to one per person. Bitmain will only accept Bitcoin Cash (BCH) and US dollars for payment in this first batch of units. This release of new mining…

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Crypto Fool’s Day :)

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Crypto LAMBO

Coinmarketcap, a popular cryptocurrency market cap ranking resource, added a “Lambo” currency reference for its listed assets, showing how many “Lambos” each currency is roughly worth. As Bitcoin is currently trading for around $6,561, one Coinmarketcap’s “Lambo” is equal to exactly $200,000. Jesus Coin, described on Twitter as “THE currency of God’s Son,” tweeted today in another apparent Buterin-related prank about the new addition of Ethereum’s co-founder to their management team: I have great news Vitaly Buterin has joined us. Retweet @VitalikButerin, get another 10,000 JC and let’s pass moon…

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Ad space on a pixel tapestry for crypto

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CryptoPicture

CryptoPicture is pitching a ‘billion-dollar picture’ according to CoinTelegraph. It is 1,000 pixels wide and high and brands, companies and individuals can pay to feature on it. The advertising space can feature bespoke logos and website links, bringing together a patchwork of firms or advertisers. Purchased blocks are not forever secure, another entity can come along and buy the block out for three times the original purchase price. 95% of the takings go to the brand and 5% is processed by the startup. The company is initially pitching the CryptoPicture…

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Bitfinex plans move to Switzerland

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Switzerland

Bitfinex, the fifth-largest cryptocurrency exchange by 24-hour trading volume, is looking to hoist itself out of Hong Kong and settle in Switzerland, as first reported by Handelszeitung. As confirmed by sources close to Bitfinex, the exchange is already in talks with Swiss authorities. Jean-Louis van der Velde, CEO at Bitfinex, told Handelszeitung, “We are looking for a new home for Bitfinex and the parent company iFinex, where we want to merge the operations previously spread over several locations.” Van der Velde said that Bitfinex, now based in Hong Kong, was…

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New Monero miner capable of destroying mobile devices

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phone miner

A cryptocurrency mining gang is using a function normally found in SLocker Android ransomware to add self-protection and persistence to what Trend Micros is calling HiddenMiner. HiddenMiner abuses the Device Administrator feature, as does SLocker, to remain hidden and active and does this so well it has the ability to either use the device’s resources until it runs out of power or fails due to overheating. And HiddenMiner ensures that it retains its administrative privilege by locking the screen’s device, using a flaw inherent in Android operating systems 7.0 and…

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