Category: Cryptocurrency News

All eyes are on MediChain now as Keith Teare, a globally-recognized serial entrepreneur with big ideas and an impressive record of winning high returns for the investors joins the MediChain Advisory Board. The recent addition of Teare in MediChain’s team is being seen as one of the greatest achievements of the company, since the executive chairman of Accelerated Digital Ventures has previously advised on the successful ICOBox, Crypterium, FluzFluz and EnergiMine ICOs. Stating his views about MediChain, Teare said, “Medichain Read more …

Digital media publication Salon is offering its visitors an alternative to traditional online ads: allowing the site to use their computer processing power to mine cryptocurrency. In order to provide free content, Salon primarily depended on advertisements to run its servers, the company explained in a blog post published on Monday. However, digital ads are insufficient to fully pay for most media outlets – the site noted that ad revenue fell $40 billion from 1999 to 2010 – and Salon, in Read more …

Altcoins Another outside observer of the controversial tether cryptocurrency is warning about the dangers it presents for the uninterrupted operation of USDT exchanges. Weiss Ratings is seeking to educate investors on the systematic risk tether introduces to the ecosystem. Also Read: Faced With Criticism IOTA Fans Try to Bully Growing List of Detractors Inherent Risks of Blind Trust Weiss Ratings, an independent U.S. agency which recently published letter grades for cryptocurrencies, has issued an alert to investors Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Cybercriminals are increasingly hijacking other people’s devices to mine Monero (XMR), in a trend now called cryptojakcing. According to Malwarebytes, a “drive-by” mining campaign recently redirected millions of Android users to a website that hijacked their devices to mine the privacy-centric cryptocurrency using Coinhive . The campaign worked by redirecting users to a page that told them their device was “showing suspicious surfing behavior.” As such, they Read more …

South Korea is considering adopting an approval system for crypto exchanges based on New York’s BitLicense system, local news outlet BusinessKorea reports. BusinessKorea writes that it is unlikely any final decision will be made until after the June 2018 elections in the country. A government official spoke to them about the option as part of a virtual currency taskforce: “We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies. We are most likely Read more …

Seven of the largest crypto companies are forming a UK cryptocurrency trade body named CryptoUK, bringing the first self-regulation to the booming industry. This news comes just days after Brian Quintenz, a commissioner with the U.S. Commodity Futures Trading Commission, advised the crypto industry to form such a group to help regulate itself. CryptoUK, with members including exchange and trading platforms such as Coinbase, eToro and CryptoCompare, said it had produced the first code of conduct for the industry to abide by. The Read more …

Russian cybersecurity firm Kaspersky Lab reported today that a vulnerability in Telegram’s messaging app had been exploited to turn desktop computers into unwitting crypto-miners – a claim that the firm’s founder is pushing back against. The cyberattacks were uncovered by Kaspersky Lab, a global cybersecurity software provider, who reports that the covert mining operations have been underway since March of 2017. Kaspersky said that the attacks were possible because of a zero-day vulnerability. “We have found several scenarios of this Read more …

Finance The largest free economic zone in the UAE, with zero percent personal and corporate income tax, has started issuing licenses to firms trading cryptocurrencies. The first license has been issued to a gold trader that has recently started offering cryptocurrency services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Attracting Crypto Businesses The Dubai Multi Commodities Centre (DMCC) is a government entity established in 2002 to enhance commodity trade flows through Dubai. DMCC Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Tax season is ramping up in the United States and Uncle Sam is looking to get his cut from the cryptocurrency pie; that is a slice of your profits. Last year was hot for Bitcoin, Litecoin, Ethereum, and most all altcoins. With amazing percentage gains across the board, there were many investors who took profits. Now, Uncle Sam is looking for his cut, but despite the major tax Read more …