Blockchain 

Crypto-Jacking on the Rise According to McAfee Report

Crypto-jacking campaigns increased substantially in the first quarter of 2019 according to a McAfee Labs Threats Report published yesterday. The prevalence of ransomware attacks climbed a massive 118% during Q1, while malware attacks increased by 29% in the same period. The report also states that the attacks were indiscriminate, meaning that both Windows and Apple users were targeted. The majority of attacks on Windows users were carried out using PowerShell, which is a scripting language that allows system administrators to rapidly automate tasks and manage operating systems. One of the…

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Blockchain 

Japan’s Crypto Exchange Coincheck Cuts Margin Trade Limit

The crypto space has evolved at a breakneck pace over the past few years, and much of it is due to the fact that cryptocurrencies became a much more popular investment as well as a trading vehicle all over the world. While trading was always a big thing, the introduction of margin trading changed the game altogether, and many exchanges all over the world started providing the service. Key Announcement Some of the best traders in the crypto space are now engaged in margin trading. That being said, it was…

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Blockchain 

Chinese Cryptocurrency is Not Coming Anytime Soon, Says Reports

Ever since Bitcoin and other cryptocurrencies became far more mainstream following the remarkable rally in 2017, there has been a lot of talk about large institutions getting into this space. For instance, banking giant JP Morgan came up with its own digital coin last year. However, in 2019, a bigger piece of news came to the fore. It emerged that the Chinese central bank, the People’s Bank of China, was going to launch its own digital asset. It goes without saying that this is a major development in the history…

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Blockchain 

ECB Questions Stablecoin Stability Amidst Regulatory Uncertainties

Stablecoins are not immune to uncertainties. Those are the sentiments shared by the European Central Bank (ECB). According to the regulator, stablecoin stability could be hampered by the uncertainties stemming from the lack of regulations. Uncertainties The fact that regulatory pressures do affect fiat currencies is one of the tailwinds that could take a toll on the stability of stablecoins. For instance, these coins pegged on fiat currencies, such as Tether (USDT), are always subject to volatility in line with regulatory policies instituted by the FED to protect the dollar. The…

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Cryptocurrency 

Telegram to Release TON Blockchain Code on September 1

Telegram will release the code required to run a Telegram Open Network (TON) node on September 1, according to individuals close to the project. The news was confirmed by two individuals familiar with the project, an investor and an affiliate with TON labs. There has been a high level of secrecy around the project, and some analysts have previously raised concerns regarding the lack of activity from Telegram on advancing its proposed blockchain. Francois Pouliot, a prominent crypto analyst, said, “Is the real use-case of blockchain technology the elaboration of…

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Blockchain 

Ethereum (ETH) Slumps to 3-Month Low on Renewed Pessimism

Ethereum may be the second-biggest cryptocurrency in the world by market capitalization, but it has been on a losing streak for quite some time, and there is a genuine fear that the token might eventually lose its preeminence in the crypto sphere. Sell-Off in the Broader Market The current slump in the crypto market seems to have hit Ethereum particularly hard, and as of Wednesday, the token plunged down to record lows. The price of the token dived to its lowest levels since the month of May, and it goes…

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Blockchain 

Blockchain Technology Revenue Expected to Hit $10 Billion in 2023

Last year the cryptocurrency industry experienced a harsh industry-wide drop in asset prices. However, the prices have since recovered, and the blockchain technology is expected to rack billions of dollars in growth. Blockchain Revenue to Hit $10 Billion in 2023 ABI Research conducted a study, and its findings indicated that there are big things ahead for blockchain technology. The firm has predicted that blockchain revenues will grow in the next six years. Categories that will drive blockchain revenue include industrial blockchain applications, financial services, as well as consulting services. ABI…

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Blockchain 

Ripple’s Brad Garlinghouse Clamps Down on XRP FUD

Ripple’s CEO, Brad Garlinghouse, has taken to Twitter in an attempt to clarify Ripple’s decision to sell XRP. Investments in the token have been dwindling, as many feel Ripple’s decision to continue selling its XRP is driving the price of the token down. Garlinghouse has previously explained that funds from the selling of XRP are funneled back into the company, using the money raised to develop various projects within Ripple. However, with the token now embroiled in a class-action lawsuit, investors have more reason than ever to steer clear from XRP. Thousands…

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Blockchain 

Bitcoin Drops Below $10,000 USD in Sudden Swing

Bitcoin (BTC) price slides more than $600 in just 30 minutes on Wednesday to fall below $10,000 USD for the first time in over a month. The Catalyst Remains Unknown Bitcoin, which is up almost 200% this year, dropped more than 5% from just under $10,200 US to around $9,600 between 17:50 UTC and 18:20 UTC. It’s the first time the world’s largest cryptocurrency has fallen below the $10,000 USD milestone since July. The catalyst for the dropoff is not yet apparent; however, one analyst believes low trading volumes exacerbated…

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Blockchain 

Basic Attention Token (BAT) Gains 6% After Launch of New Brave Wallet

The enormous rally that was enjoyed by Bitcoin and the wider crypto market during the first half of the year resulted in the emergence of some tokens that people may not have heard of before. One of those tokens is the Basic Attention Token (BAT), which is meant for the Brave browser project. BAT has not made any significant gains this year and remains a small-cap cryptocurrency, but it is in the news today because it is one of the few tokens that has experienced a rise. The project related…

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