Month: June 2020

Ethereum’s price is bearish despite massive fundamental growth: here’s what’s next

Ethereum has seen its transaction volumes soar, active addresses hit new all-time highs and daily fees surpass Bitcoin, but the price of ETH/USD has failed to spike in past weeks Ethereum, cryptocurrency’s second-largest by market cap, has added just over 1% to its value in the past 24 hours. At the beginning of the month, …

Ethereum’s price is bearish despite massive fundamental growth: here’s what’s next Read More »

Bitcoin price recap: June 2020

Bitcoin price headed for monthly close beneath key level despite increased hodling and reduced on-exchange reserves that point to a bullish signal for the top cryptocurrency Bitcoin price has bounced between lows of $8,800 and highs of $10,450 in June, with traders looking for a monthly close above the $9,000 range. The BTC/USD pair was …

Bitcoin price recap: June 2020 Read More »

UK’s Financial Conduct Authority lifts some restrictions on Wirecard

The restrictions, imposed on Sunday, revealed a $2 billion hole in the financial platform’s accounts The United Kingdom’s Financial Conduct Authority has lifted restrictions imposed on the German payments processor, Wirecard. Several British FinTech startups were forced to suspend operations and thousands of users’ accounts were locked when the FCA imposed restrictions on the Wirecard’s …

UK’s Financial Conduct Authority lifts some restrictions on Wirecard Read More »

Report reveals an increase in email-based phishing attacks as more employees work from home

A study by ProofPoint has reported that ransomware attackers are using COVID-19 themed messages and native languages to lure victims Cybersecurity firm ProofPoint has released a report that has revealed an increase in email-based phishing attacks meant to extract ransom in the past few months. The firm has identified that first-stage deployments of ransomware have …

Report reveals an increase in email-based phishing attacks as more employees work from home Read More »

South Korea to invest in a blockchain-based platform to secure medical data

Korea selects blockchain startup SendSquare to create a blockchain platform to host connected public and private chains The South Korean Government are to develop a blockchain-based data registry platform to help analyse, anonymise, and store clinical data for diabetes. According to the announcement by Sendsquare, the Korean Government has selected the blockchain startup to develop …

South Korea to invest in a blockchain-based platform to secure medical data Read More »

Building Cities Beyond launches grant to support up to 1,000 blockchain startups in Asia

The Singapore-based developers have created a $15 million fund that assists the development capabilities of projects by blockchain startups Singapore-based blockchain developers, Building Cities Beyond (BCB), has announced the launch of its BCB Innovation Grant — a fund aimed at ramping up the developers’ ecosystem. FinTech Singapore reported last week that BCB, which focuses on …

Building Cities Beyond launches grant to support up to 1,000 blockchain startups in Asia Read More »

Australia’s Cyber Security Centre explains the techniques used by hackers

Australian Cyber Security Centre warns citizens of ‘crypto-jacking’ malware The Australian Cyber Security Centre released an advisory last week explaining the tactics, techniques and procedures (TTP) identified during the Centre’s investigation of a cyber campaign against Australian networks. It stated that the government recognised the coordinated cyber- targeting against Australian institutions and was currently working …

Australia’s Cyber Security Centre explains the techniques used by hackers Read More »

EU planning to adopt legislation to improve crypto regulation by the end of the year

EU’s Executive Vice-President Valdis Dombrovskis explained the future of digital assets and the EU’s approach in a speech last week The European Union is preparing for a digital finance strategy to be released later this year that will enable countries to make the most out of digital finance by reducing regulatory barriers, hinted the EU’s …

EU planning to adopt legislation to improve crypto regulation by the end of the year Read More »

CertiK partner with Hdac to integrate the Internet of Things with blockchain

Blockchain offers the benefits of smart contracts and enables greater scalability for the exponentially growing IoT market CertiK, a blockchain cybersecurity startup, has collaborated with South Korean blockchain firm, Hdac, to integrate internet of things (IoT) devices with blockchain. The two companies have teamed up to utilise their expertise in blockchain technology to release a …

CertiK partner with Hdac to integrate the Internet of Things with blockchain Read More »

New ransomware lures victims by pretending to be a Canadian Government COVID-19 tracing app

The fraudulent websites encrypt data from victim’s android devices, ESET revealed New ransomware called CryCryptor has been targeting Android users in Canada under the premise of being an official COVID-19 tracing app — according to research published by ESET on Wednesday. The ransomware, distributed via two fraudulent government-backed websites, encrypts personal data from the victims’ …

New ransomware lures victims by pretending to be a Canadian Government COVID-19 tracing app Read More »

Monaco signs MoU with Tokeny Solutions to for new Security Token Offering law

The principality of Monaco has selected Tokeny Solutions as its Tokenisation Partner Monaco’s Office of Digital Affairs has announced today that the government has signed a Memoranda of Understanding (MoU) with Luxembourg based blockchain start-up Tokeny Solutions. The MoU is aimed at fostering greater compliance to tokenised financial instruments in the Principality of Monaco. It …

Monaco signs MoU with Tokeny Solutions to for new Security Token Offering law Read More »

Within 24 hours of going live, FC Barcelona’s fan tokens generate massive trading interest

Fan tokens offered during a flash sale on Monday was sold out in 2 hours, confirms trading platform Chiliz Spanish soccer team FC Barcelona’s fan tokens (BAR) has reached almost $2.5 million in trading activity just one day after it was launched in partnership with blockchain firm Chiliz. The crypto asset is now the second-most …

Within 24 hours of going live, FC Barcelona’s fan tokens generate massive trading interest Read More »

New York planning to ease licencing for crypto companies: state financial regulator says

The New York State Department of Financial Service is proposing a new framework with ‘conditional licencing’ to complement the present BitLicense Five years after New York’s stringent ‘BitLicense’ was made compulsory for every crypto company working in the state, its top financial regulator has proposed new licensing rules that will make it easier for companies …

New York planning to ease licencing for crypto companies: state financial regulator says Read More »