Trend Micro Detects Major Uptick in New Strain of XMR Malware Targeting China-Based Systems

Cybersecurity firm Trend Micro has detected a major uptick in monero (XMR) cryptojacking malware targeting China-based systems this spring. The news was revealed in an official Trend Micro announcement on June 5.As previously reported, cryptojacking is an industry term for stealth crypto mining attacks that work by installing malware that uses a computer’s processing power…

FT: US Regulator CFTC in Talks With Facebook Over Rumored Crypto Plans

United States regulator the Commodity Futures Trading Commission (CFTC) is in talks with Facebook about its upcoming stablecoin launch, the Financial Times (FT) reported on June 2.Citing chairman J. Christopher Giancarlo, the publication revealed that Facebook is attempting to smooth out the regulatory landscape ahead of the asset, currently dubbed GlobalCoin, allegedly going live next…

Ethereum Foundation Announces Details on $30 Million Network Development

The Ethereum Foundation has announced a three-pronged approach to allocating the $30 million it has designated for developing the Ethereum network over the next year, in an official blog post on May 21.The breakdown for the three categories is future projects at $19 million, current projects at $8 million, and developer supports at $3 million.…

UK Watchdog Reports $34 Million Lost in Crypto and Forex Scams Last Year

The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams from 2018–2019 the Financial Times reports on May 20.According to the data, which the FCA gathered from the U.K. national fraud and cybercrime reporting center,…

Another Fan Token: WestHam Soccer Club Signs with Socios.com

Back in September, Juventus Soccer Club launched its own ‘fan token’. Now, the partner behind that token, Socios.com, is buddying up with West Ham United. The Socios.com Fan Token Socios.com is a “new app for football fans.” It allows its users to vote on club matters by collecting the fan token that is issued by…

MakerDAO CTO Departs, Points to Internal Conflicts

Andy Milenius, formerly the chief technology officer at MakerDAO, published an open letter dated April 3 explaining his concerns over the project’s internal conflicts. MakerDAO is the  company behind the decentralized algorithmic Ethereum-based stablecoin DAI as well as the governance token Maker (MKR).In his 24-page-long letter, Milenius describes a conflict between his ideas of equal…

NYAG Accusations ‘Filled With Inaccuracies,’ Says Bitfinex Letter to Users

Cryptocurrency exchange Bitfinex stated that the recent allegations by the New York Attorney General (NYAG) about the exchange’s insolvency are “filled with inaccuracies and false assertions.” The exchange made the claim in a letter seen by Cointelegraph, emailed to Bitfinex users today, April 27.The letter was signed by the exchange’s CEO, Jean Louis van der…

Bitcoin Holds Over $5,300 as Top Altcoins See Mixed Signals

Saturday, April 20 — most of the top 20 cryptocurrencies are reporting slight gains and losses capped under 2% on the day to press time. Bitcoin (BTC) is hovering above the $5,300 mark.Market visualization courtesy of Coin360Bitcoin is up about one percent on the day, trading at $5,342 at press time, according to CoinMarketCap. Looking…

Bitcoin SV Experiences Blockchain Reorganizations, Possibly Due to Unwieldy Block Size

The Bitcoin Satoshi Vision (BSV) blockchain is struggling with its large block size following a series of block re-organizations, cryptocurrency exchange BitMEX tweeted on April 19.In the post, BitMEX reveals that on April 18 its BSV node “experienced 2 block re-organizations. First a 3 block re-organisation, followed by a 6 block re-organisation.” BitMEX provided a…