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China State Grid Corporation, the country’s state-owned power utility, is looking to blockchain to advance its plans for an “Internet of Energy.”
China State Grid Corporation, the country’s state-owned power utility, is looking to blockchain to advance its plans for an “Internet of Energy.”
Cybercrime Tactics and Techniques first quarter 2018 report is out and reveals a boom in crypto mining operations aimed at consumers as reported by infosecurity-magazine. Cyrbermining Skyrockets in Consumer Sphere According to statistics gathered by Malwarebytes in the report, Android crypto-miners have increased by 4000% since the beginning of 2018. With consumer detection at around 16…
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Cybercrime Tactics and Techniques first quarter 2018 report is out and reveals a boom in crypto mining operations aimed at consumers as reported by infosecurity-magazine.
According to statistics gathered by Malwarebytes in the report, Android crypto-miners have increased by 4000% since the beginning of 2018. With consumer detection at around 16 million by March, while ransomware was down 35% from the previous quarter. A trend that shows cyber-criminals are favoring crypto-jacking this year over ransomware.
Though businesses didn’t experience the same kind of numbers that consumers did, they were still hit hard with 55,000 detections reported in February, a 27% increase over the last quarter in 2017. Crypto mining can seriously hamper companies as they put a drain on resources, slow productivity, increase energy costs and jeopardize security.
Crypto-jacking also known as drive-by mining saw a massive uptick in activity in late 2017 as cryptocurrency values spiked. Since then a competition between ad blockers and security companies set on detecting and blocking the malware, and criminals working to mask their code, has erupted. Malwarebytes reported that the lowest number of crypto mining detections in a single day was still over a million blocks.
As the persistence of mining through pop-unders has long been identified, black hats have created alternatives for mining undetected and for long periods of time. One method that has become popular is using browser extensions which inject code into each web session.
Mining infections are not only a drain on computing resources but even for the consumer can lead to more serious problems including information theft, installed ransomware, and system hijacking.
Head of malware intelligence at Malwarebytes Adam Kujawa commented on the growing trend saying,
“The main focus here is that criminals have moved towards cryptomining and drive-by mining in lieu of pushing out ransomware or spyware or adware,”
The increase in drive-by mining hasn’t resulted in a decrease of other parasitic infections. The number one threat for consumers remains adware, while spyware is still the biggest problem for business though percentage wise they are both falling.
Other scams and red flags of note still exist. Malrwarebytes reported that phishing emails continue to appear as if from legitimate sources only to lead the browser to malware. Cryptocurrency themed tech support scams targeting customer wallet information using social media and blackhat SEO practices are ever increasing.
Recent social media bans by companies like Facebook and Twitter on cryptocurrency related ads and services are expected to cut down on the number of consumers lured into clicking on infected links according to the report. However this fails to consider the fact that many social media platforms still freely allow rogue user accounts to disseminate scams.
Image from Shutterstock
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A new Chinese blockchain startup fund, dubbed Xiong’An Global Blockchain Innovation Fund, has received backing from the Chinese government for 30% of its total required resources of USD 1.6 billion. The initiative was announced Monday, with Xu Xiaoping acting as the official advisor for the project. Xiaoping is the founder of venture capital firm Zhenfund, a company …
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A new Chinese blockchain startup fund, dubbed Xiong’An Global Blockchain Innovation Fund, has received backing from the Chinese government for 30% of its total required resources of USD 1.6 billion.
The initiative was announced Monday, with Xu Xiaoping acting as the official advisor for the project. Xiaoping is the founder of venture capital firm Zhenfund, a company previously invested in blockchain projects such as Stream and Lino. The fund will be managed by Li Xiaolai, a well-known blockchain investor and Bitcoin mogul.
The announcement took place at the opening ceremony of a new blockchain industrial park in Hangzhou, a city noted for its support of fintech innovations with technology conglomerate Alibaba headquartered there.
Local news outlet Sohu reported that USD 400 million of the total resources will be provided by the Hangzhou city local government. The remaining funds will be provided by Hangzhou-based venture capital firm Tunlan Investment, the official launchers of the enterprise.
The funds will be invested into promising local blockchain projects, with the new industrial park providing the startup companies with an incubation center.
Despite the government’s unfavorable policies on cryptocurrencies, China is a leading actor in the blockchain industry. The Xiong’An Global Blockchain Innovation Fund is the most recent of Chinese government-backed blockchain initiatives.
Also based in Hangzhou is a research body led by the government that recently launched a platform utilizing blockchain technology that provides a service for identity and supply-chain tracking. The platform has been dubbed the Blockchain Registry Open Platform (BROP), officially launched at a fintech summit in Hangzhou on 26 March. The research institute behind BROP operates under the jurisdiction of the People’s Bank of China, the country’s central bank.
A local investment association also backed by the government recently scrapped plans to found a blockchain funding center, allegedly due to internal structural conflicts.
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BloombergWhy Bitcoin Behaves Like the FluBloombergThe main variables determining when Bitcoin price gains turn into price declines are the share of the population aware of the cryptocurrency and the share willing to invest (susceptible to infection), a…
Bloomberg | Why Bitcoin Behaves Like the Flu Bloomberg The main variables determining when Bitcoin price gains turn into price declines are the share of the population aware of the cryptocurrency and the share willing to invest (susceptible to infection), according to Barclays. Evidence from surveys in ... |
The past trading session has lead Bitcoin prices through a notable price fall. Prices went from levels slightly above USD 7,000 to touching a low of USD 6,600. The day’s signals A large selloff took prices to levels much lower than USD 7,000. With volumes considerably down since past trading periods, the market seems unable …
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The past trading session has lead Bitcoin prices through a notable price fall. Prices went from levels slightly above USD 7,000 to touching a low of USD 6,600.
GDAX BTC/USD charts showcase how much of an impact selling pressure can have under today’s market sentiment. Traders are leaving markets prone to downward pressure and prices continue to trail sideways unless it’s for large selloffs. Any notable volumes through today’s trading session were only observed on a couple of points through the day. A handful of sell orders might have taken prices down with them and so far, there doesn’t seem to be a positive response.
OKCoin BTC/USD weekly futures prices are moving towards a more negative sentiment. Naturally, the volatility through the past week has driven futures traders to be more cautious. This is notable when it comes to pricing in any positive movements. The recent trading activity above USD 7,000 levels had been reflected with a positive light in futures markets. Still, the recent dip in Bitcoin’s price has led to a big divide between futures prices and live market rates.
All in all, a notable aspect of recent price trends is that volatility plays a major role in recent price movements. Spikes in BTC/USD markets are quite frequent, leading to considerable volatility with great price differences even within the same day. That is a situation that day traders could potentially benefit from.
Day trading is something that would be bringing liquidity into Bitcoin markets. Even more so at times of extra volatility. However, as the recent trading sessions prove again and again, market sentiment doesn’t favor long positions and further price spikes are not unlikely. Not to forget, though, that the lows that were reached at the beginning of April are close to being breached again.
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Enhance your international connections and enjoy new business opportunities Why should you visit International Blockchain Projects Road Show? The major reason is to keep yourself updated about the forward-looking projects from all over the world to help develop your own business, extend the networking and select investment-wise startups. The program is impressive. From April 5…
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Enhance your international connections and enjoy new business opportunities
Why should you visit International Blockchain Projects Road Show?
The major reason is to keep yourself updated about the forward-looking projects from all over the world to help develop your own business, extend the networking and select investment-wise startups.
The program is impressive. From April 5 to May 12, top ICOs are touring 16 cities in 11 countries of 3 regions. A wide range of startups in different cities will join the event. One of the headliners is SKYFchain.io.
SKYFchain is the first B2R (business-to-robots) blockchain-based operational platform. Its presale ($2M) has been sold out just in 5 days! The platform aggregates information on all the events of cargo robots lifecycle: release, maintenance, details of the routes, specific flight assignments etc..
SKYFchain makes the access to financial instruments of unmanned cargo logistics really easy and trustworthy. SKYFchain project is supported by QIWI Blockchain Technology, the leading blockchain technologies company. To share their experience and find new supporters the SKYFchain team is visiting Asia, Europe, and the USA.
What is so special about the International Blockchain Projects Road Show? First of all, no need to travel far for those interested in participation – the Road Show’s locations are covering half of the world!
Secondly, unlike many crypto events, it is short but productive – just 3 hours, including presentations and breaks. If two coffee-breaks are not enough for your networking you are more than welcome to join an after-party to get to know the projects and the participants even better.
Benefit from Road Show and spend a quality time as it provides with opportunities for reliable international investments. Only successful and legally approved projects will be presented. Most importantly, personal interaction with CEOs and team members will give you an insight and better understanding into whether a startup reflects your business interests.
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Amidst a broad uptick in interest in crypto tokens, a technology platform built by some of the world’s biggest enterprises is adapting to the trend.
Amidst a broad uptick in interest in crypto tokens, a technology platform built by some of the world’s biggest enterprises is adapting to the trend.
Key Highlights Ethereum classic price formed a top near the $14.50 level and declined against the US dollar. There was a break below a major bullish trend line with support at $13.90 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently trading well below the $14.00 level and…
The post Ethereum Classic Price Technical Analysis – ETC/USD Could Retest $13 appeared first on NewsBTC.
Ethereum classic price declined and moved in a bearish zone against the US Dollar and Bitcoin. ETC/USD may continue to move down towards the $13.00 support.
Earlier this week, there was an upside move above the $14.00 level in ETC price against the US dollar. The ETC/USD pair succeeded in trading above the $14.20 resistance and tested $14.50. A high was formed at $14.51 before the price started a downside move. It declined and traded below the $14.20 support and the $14.00 handle to move in a bearish zone.
Furthermore, there was a break below a major bullish trend line with support at $13.90 on the hourly chart of the ETC/USD pair. The pair also traded below the $13.50 level and traded below the 100 hourly simple moving average. A low was formed at $13.27 before the price corrected towards the 23.6% Fib retracement level of the last decline from the $14.51 high to $13.27 low. However, the upside move was capped by the $13.50 level and the 100 hourly SMA. It seems like as long as the price is below 100 SMA, it could decline further towards the next major support at $13.00.
On the upside, a push above $13.50 and 100 hourly SMA is needed for a trend change. Above 100 SMA, the next hurdle for buyers are at $14.00 and $14.50.
Hourly MACD – The MACD for ETC/USD is about to move back in the bearish zone.
Hourly RSI – The RSI for ETC/USD is moving lower towards the 30 level.
Major Support Level – $13.00
Major Resistance Level – $14.00
Charts courtesy – Trading View
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Coinbase has made moves to become registered with the US Security Exchange Commission as a licensed brokerage firm and electronic-trading venue according to the Wall Street Journal. Coinbase Seeks SEC Approval The San Francisco based company is one of the largest platforms in the world for trading Bitcoin and other cryptocurrencies. It is currently valued at $1.6 billion…
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Coinbase has made moves to become registered with the US Security Exchange Commission as a licensed brokerage firm and electronic-trading venue according to the Wall Street Journal.
The San Francisco based company is one of the largest platforms in the world for trading Bitcoin and other cryptocurrencies. It is currently valued at $1.6 billion according to the Wall Street Journal. The company declined to officially comment on its application, however the report indicates that Coinbase representatives have met with SEC officials in recent weeks to begin the process of registering with the agency. This step would allow Coinbase to add digital tokens that the SEC has ruled as securities and could up the ante for other crypto exchanges to follow suit and register as well.
For the SEC’s part, it has yet to decide which cryptocurrencies are to be considered securities. The Commision has recommended platforms and investors follow the Howey test, created by the supreme court in 1946, to determine whether a digital token can be considered an unconventional financial vehicle requiring the same regulations as stocks and bonds.
Many in the cryptocurrency world have remained hostile towards regulation in part because of its muddy definitions but Coinbase has been the platform that brought trading to the masses from its inception and strives to be “the Google of cryptocurrencies” as VP Dan Romero told Business Insider.
Registering with the SEC would allow Coinbase to expand on the four coins it already lists – Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.
Coinbase President Asiff Hirji spoke to CNBC about the disparity in regulatory certainty saying that,
“As soon as there is more regulatory clarity than there currently is you would expect us to start listing more assets.”
Currently, the company’s policy is to only list tokens it judges stable as opposed to the bulk of alternative coins in the market that remain volatile and subject to intense price fluctuations.
Though Coinbase today is making the effort to conform to SEC regulatory requirements it has only recently run afoul of Federal authorities.
Just last year the company fought the IRS on its demand that they release information on customers who had profited from trading through their exchange. Ultimately Coinbase was forced to hand over that information on 14,000 customers who had made transactions amounting to over $20,000 between 2013 and 2015.
If and when Coinbase is registered as a broker it will only be allowed to offer tokens which have already been registered for sale with the SEC by their issuers. This would require token issuers providing investors with documents that give full financial disclosure, a move that can be avoided if sales are limited to institutions.
One other company has registered with the SEC as a brokerage firm. Templum LLC operates as a licensed brokerage firm and alternative trading system that has plans to offer a platform for selling and trading regulated tokens.
Image from Shutterstock
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