Category: Uncategorized

Rep. Maxine Waters Requests Halt of Facebook to on the Libra cryptocurrency

The head of the United States House of Representatives Committee on Financial Services Maxine Walters has requested that Facebook to stop development of its new Libra cryptocurrency until it is possible to hold hearings. The request from Waters came hours after Libra had been unveiled by Facebook. “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency ….

Stephen Palley Suggests That Kik Would Need An Upwards Of $10 million USD In Court Battle with SEC

It’s no news that the SEC sued Kik Interactive, Inc. in New York Federal Court on June 4 The SEC sued Kik for supposedly operating an unregistered securities sale when it introduced an original coin offering (ICO) for its kin token in 2017. Kik announced that they were planning to battle against the SEC lawsuit and since then, the firm has raised roughly $5 million in crypto to battle against SEC stating that tokens are currencies used in its implementation and regulated by an autonomous foundation and that the SEC engages in regulatory abuse of power that is detrimental to development and outside the limits of its statutory authority. While speaking to CNBC’s Ran Neuner, popular ….

50,000 Worldwide Servers Infected With Cryptomining Malware.

Security researchers at Guardicore labs reported that over the past four months, up to 50,000 servers were infected as part of a high-profile malicious campaign that Chinese hackers believed to have organised. The malicious campaign is reportedly carried out by an advanced persistent threat(APT)-style Chinese hacking group that has already infected nearly 50,000 servers and is installing a sophisticated kernel-mode rootkit on compromised systems to prevent the malware from ending. The campaign which dates back to February 26 but was first identified in early April, was discovered to deliver 20 distinct payload variants hosted ….

Google Play Store Discovers and Removes Trezor Wallet Fake App from platform.

With Bitcoin and the cryptocurrency markets catching the wider public’s attention, fraudsters are attempting to take advantage of the inexperience of newbies. These frauds appear in many ways, and in fake crypto wallets and applications there seems to be a major increase lately. According to reports, ESET researchers observed that scammers added a fake cryptocurrency wallet to the Google Play store, with one malicious app mimicing Trezor’s hardware wallet. While the fake page on Google Play might pass for the official one, the researchers said the software itself is simply an app template that can be purchased online with a generic login screen for credentials. The fake Trezor app is a copy of another fake wallet, CoinWallet. Over 1,000 users have already downloaded the fake Trezor app, reported ESET. The app claims to be a wallet for cryptocurrencies storage, sending, and receiving, while it only has the ability to transfer funds to addresses owned by the fraudsters.  However Trezor confirmed that no security risks are posed by the fake app to its own users. The only remaining concern is that users may have collected their email addresses and may have been the targets for phishing attacks. Researchers at ESET however advised users of cryptocurrency to pay attention to the applications they are installing, Further ….

Sports Blockchain Venture Chiliz Teams Up With Binance Chain

There are a lot of interesting partnerships taking place in the Crypto space in 2019. Sports blockchain venture Chiliz announced a new partnership with Binance Chain, the new blockchain network created by the cryptocurrency exchange Binance. The company announced this information in a recent press release. Chiliz is a sports and entertainment platform that supports Socios.com, the tokenized fan engagement platform and blockchain-backed app. The company has already partnered with Juventus ….