A summary of some of the select stories on cryptocurrency and blockchain during the past 24 hours.
Criminals are increasingly relying on business models such as malware and ransomware to make money. This is despite security researchers taking several steps to ensure that such attacks are not profitable. According to a report by Coveware, the average daily ransom being paid in cryptocurrency to attackers surged 89 percent to $12,762 in the first quarter of 2019 from the preceding fourth quarter.
With direct trading between cryptos becoming more popular than fiat-to-crypto trading, Coinbase expanded its crypto-to-crypto trading service to 11 more countries.
A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
It is likely that the value of cryptocurrency that Pyongyang obtained between 2017 and 2018 has reached at least $545 million, the Royal United Services Institute (RUSI) for Defense and Security Studies estimates. A large amount of money siphoned through cryptocurrency theft is one of the sources to fund North Korea's nuclear weapons program, the British defense and security think tank reported.
eToro, a social trading and multi asset brokerage, launched its own secure and regulated cryptocurrency exchange called eToroX. It is a regulated trading venue that offers a range of crypto-assets as well as stablecoins. The exchange will initially offer trading in six cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), ripple (XRP), dash (DASH), Bitcoin Cash (BCH) and litecoin (LTC).
Major cryptocurrency exchange Kraken announced that it would delist Bitcoin SV citing concerns by the bitcon community over its level of standard and ongoing litigation filed against the exchange by the coin's advocates. In a statement, the exchange said, "Alongside other upstanding members of the community, and in consultation with more than 70,000 Kraken users, we have decided to delist Bitcoin
UK-based Corporate Traveller is in deal with Bitcoin and blockchain payments provider BitPay to facilitate payment using cryptocurrencies for its SME customers for business travel bookings. It will begin accepting bitcoin and bitcoin cash payments. BitPay will handle the entire process of getting the Bitcoin or Bitcoin Cash from the customer and depositing cash into Corporate Traveller's account.
A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
KuCoin launched a feature that allows traders to self-custody cryptocurrency while trading on the crypto exchange's centralized platform. The new security technology is provided by Boston-based startup Arwen, which will go live in beta on KuCoin Tuesday. This eliminates the counterparty risk associated with storing cryptocurrency on a centralized exchange, and protects the coins from hacks. Arw
Japanese e-commerce major Rakuten said account registrations for trading cryptocurrencies on the company's Rakuten Wallet are now open. The cryptocurrency exchange is expected to begin operations later in the month. The exchange services will be provided by Rakuten Wallet, Inc., a wholly-owned subsidiary of Rakuten, Inc. The registration is currently open for existing members of the Rakuten Bank.
The French parliament adopted a financial sector bill that brings cryptocurrency service providers and Initial Coin Offering (ICO) under regulation. The French National Assembly adopted the PACTE draft Bill (Action Plan for Business Growth and Transformation) after its final reading last week. Once enacted, the law will establish a framework for fundraising via the issuance of virtual tokens and
Binance, the world's biggest bitcoin and cryptocurrency exchange by trading volume, said it would delist Bitcoin SV noting that it no longer meets the high level of standard the firm expects. In a statement, the exchange said it has decided to delist and cease trading on all trading pairs for the bitcoin SV on April 22, based on its most recent reviews.
Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
Despite a sharp fall in the prices of cryptocurrencies last year, there has been a surge in transaction volume of four leading crypto currencies, according to Weiss Ratings. Four altcoin projects - EOS, Tron, BitShares and WAX - saw massive growth in user adoption throughout 2018, the independent rating agency said in a blog post. Between February 2018 and March 2019, EOS saw its volume of transa