Bitcoin Cash ABC Was Attacked by an Enormous Amount of Spam

Most of the members of the crypto community knew that the controversial hard fork of Bitcoin Cash would not be easy. And, of course, some trouble arose after the fork took place.

As soon as the network of Bitcoin Cash ABC started functioning, a huge amount of small-sized transactions (costing less than 0.5 BCH altogether) started happening. Moreover, they seemed to be coming between the same digital addresses, which proved them to be spam.

Although, this attack could not harm BCH ABC considerably, if it happens again and continues happening over time, it could potentially bring the whole network down. The rumors about the possible involvement of the team BCH CV have already started spreading.

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Kaspersky Lab’s Report: Cryptojacking Crimes Have Increased By 400% in 2018

Kaspersky Lab has published report that about 13 million cryptojacking crimes have been committed in 2018. This number is quite impressive, however, if we look at it from the annual statistics point of view, we can see that the amount of cases are up by 400% this year alone.

Cryptojacking is a term to describe malicious activity when a culprit generates cryptocurrency (transfer funds) without the owner’s knowledge using a compromised device. This kind of crypto crime is highly popular in the financial world.

The most common jacked cryptocurrency by cryptojackers is Monero (XMR). The virus or malware enters a user’s PC, usually it happens when the later watches online ads or solves captcha. Then the script creates chaos on a PC’s CPU power making the system run slowly.

Our editorship urges you to be careful in order not to fall into the hands of criminals. We want to remind you:

Kaspersky Detected a Crypto Exchange Hacker Attack Coming from North Korea

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Coinbase Now Has a Crypto-to-Crypto Trading Option for Commerce Customers

The cryptocurrency exchange Coinbase has added a long-awaited feature to its system: its users can now buy and sell crypto for crypto directly. The innovation is called Coinbase Convert and is already available at the site Coinbase.com and both Android and iOS apps.

The trading pairs presented at Coinbase were selected based on the feedback of the exchange customers. This move will help the company to involve larger retail audience and engage it in digital trading.

According to the manager of the exchange Anna Clifton:

We’ll continue iterating on the product and expanding the functionality. An increasingly large number of customers will have this functionality available.”

We remind you:

Coinbase Will Again Offer Trading Pairs for Bitcoin Cash

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Malta Is Going to Launch a Blockchain Bank

It seems like Malta will soon open a financial institutions that will provide services for blockchain and crypto-related businesses, which is going to big a big step towards the introduction of cryptocurrency in Europe, since the conventional banks rarely have crypto-friendly terms.

RnF Finance Limited, a Maltese firm, has already applied to the financial authority of the country in order to get a license to create a blockchain bank.

Its CEO, Roderick Psaila, mentioned the following details:

The Bank shall engage into four main business streams: Offer banking services to corporates; Lending; Private Banking and Wealth Management.

The newly-emerged bank will focus its investments on the blockchain technology and artificial intelligence.

We remind you:

Bank of America Has Officially Patented A System for Saving Crypto Actives for Significant Corporations

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The Schoolboy Bitcoin Millionaire Believes that Bitcoin Is Pretty Much Dead

As it has been reported by the Marketwatch, Erik Finman, a teenager who became a millionaire back in the times when Bitcoin cost 20 thousand dollars, gave a very negative outlook for BTC in the future.

Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last. It may have a bull market or two left in it, but long-term, its dead,” said Finman.

As for Litecoin, here the teenager is sure that this coin “has been dead for a while”. He also mentioned those coins that, in his opinion, still have a chance at the market, such as Ethereum, ZCash and, surprisingly, Bitcoin Cash.

Although Eric is still very young and not that experienced, the fact that he owned 4 million dollars in BTC in 2011 make his predictions quite reasonable.

We remind you:

How Is a Schoolboy Millionaire Doing: A Story About the Youngest Bitcoin Richer

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Hong Kong Is Going to Have a Stricter Cryptocurrency Regulation System

As reported by the Asian Review new outlet, the Hong Kong authorities are going to restrict the crypto sector. The new set of rules will be applied towards cryptocurrencies, crypto exchanges and trading platform, token sales etc.

The reason for such drastic measures is the following:

With less stringent rules on digital currencies than mainland China, where all crypto-related commercial activities are effectively banned, Hong Kong has become a thriving market for initial coin offerings. But growing concerns over fraud and money laundering have prompted the regulator into action.”

The new regulations will require all exchanges to have a special license, the regulators have also created a list of requirement for all token sales, for instance, a token needs to exist for at least 1 year before it can go on sale. The new regulation will take effect very soon.

We remind you:

Hong Kong and Singapore Are the New Territories for Chinese and South Korean ICO

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A Stablecoin Breakthrough: A Token Pegged to Gold

Stablecoins are still rather a novelty at the cryptocurrency market, so its developers are coming up with new approaches to its main concept – being tied to something physical or fiat. Most stablecoins, like Tether and Gemini Dollar, chose an easy way – they just have a 1:1 exchange ratio with different fiat currencies, mostly USD.

However, a Singapore-based company Digix Global has created something brand new. They pegged its stablecoin DGX to gold. The official site claims:

Using blockchain technology, we represent physical gold with DGX tokens, where 1 DGX represents 1 gram of gold on Ethereum.”

The company has only started developing, but it already has 88100 grams of gold available. The management though is planning to expand the supplies of the platform in the nearest future.

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