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N. Korean Hackers’ New MacOS Malware Hides Behind Fake Crypto Firm

The notorious North Korean hackers known as the Lazarus APT Group have created another malware targeting Apple Macs and cryptocurrency users. The notorious North Korean hackers known as the Lazarus APT Group have created another malware targeting Apple Macs that masquerades behind a fake cryptocurrency firm. Apple Mac security specialist and principal security researcher at Jamf Patrick Wardle published a blog post on Oct. 12 outlining the nature of the malware, revealed by MalwareHunterTeam (MHT) researchers the previous day. Closely related to earlier macOS crypto-malwareMHT and Wardle have warned that at the time of their warning, the malware was undetected by any engines on VirusTotal and that the sample appears to be closely related to a strain of Mac malware created by the Lazarus Group and identified by Kaspersky Labs back in summer 2018. Like the previous strain, the hackers have set up a fake cryptocurrency firm — this time dubbed “JMT Trading” — through which to perpetrate t..

The Story Behind the Explosive Growth of Crypto Funds

Investors are asking: “Why do I need to invest in a crypto hedge fund? How are they different from each other?” The explosive growth of crypto funds is a compelling story, especially when you consider that the concept has only been around for six years. Today, crypto funds have become the engine powering the thriving crypto industry. Compared to the 224 funds launched in 2017, 2018 showed unprecedented growth as 239 new crypto funds entered the fray. However, many have projected that the number will drop in 2019. Yet, according to proprietary research by Crypto Fund Research, there are reasons to believe that the crypto fund industry will continue to make strides, even as the crypto market recovers from a grueling bearish run. As expected, the rise of crypto funds has directly impacted the crypto space, with several talking points trailing its emergence as a crucial part of the crypto economy. Crypto funds are typically crypto hedge funds or venture capital fundsAccording to the sam..

Analyst Reveals That Tether May Have Been Behind Bitcoin’s $4000 to...

Bitcoin News Today – Andrew Rennhack, a twitter influencer earlier this week tweeted that Bitcoin’s unpredictable rally from $4,000 to $13,800 was predominantly driven by Tether producing a massive amount of USDT. According to Rennhack in a recent Bitcoin update, he stated that “Bitcoin is not sound money as the entire cryptocurrency market is supported by unaudited Tether which has the top 24-hr trading volume.” Rennhack also maintains that Tether’s USDT issuance rate would “make even the FED blush”. Rennhack holds the view that there is no rational justification for Bitcoin’s massive bull trend, and he flouts the recurrent chatter that “institutional investors rushed to buy BTC” as privet against stock market instability. Bitcoin Price Prediction – Bitcoin Price Analysis – Bitcoin News Update – Bitcoin is Not Sound Money – Rennhack Bitcoin’s market cap follows tether’s as the scheme persists. A twitter analyst on cryptocurrency, Rennhack, maintains that Tether’s USDT issuances are ..

Behind Ripple’s Regulation Call: ‘Do Not Paint Us With a Broad...

Ripple has a long history of pro-regulation declarations and actions, but this time, its fervor appears to be profoundly reactive... Ripple, whose business is built on providing financial institutions with an infrastructure to facilitate international payments and currency trades, has always been a more likely ally to governments and regulators than most other major blockchain projects and cryptocurrencies. Seeking to enhance rather than disrupt the operations of the legacy financial industry, the company has been long stressing the importance of a clear-cut policy framework for the banks to fully reap the fruits of blockchain-powered innovation. The regulatory pushback against Libra, Facebook’s recently announced cryptocurrency, has apparently spurred Ripple’s determination to publicly take an even more pro-market-regulation stance. Late July saw the company’s leadership publish an open letter to the United States Congress (which also appeared as a full-page ad in the Wall Street Jou..

NBA Partners With Firm Behind CryptoKitties for Crypto Collectible Game

The NBA has partnered with the crypto collectibles developer behind CryptoKitties to launch a new collectibles platform and competitive game. The United States National Basketball Association (NBA) and its affiliated union — the National Basketball Players Association (NBPA) — have partnered with Dapper Labs of CryptoKitties-fame to release a new crypto collectibles game. According to an official announcement on the NBPA website, the upcoming game is scheduled to launch in early 2020. The game, called NBA Top Shot, will be a roster-building competitive game that is based on crypto collectibles. According to the announcement, fans will be able to gather live footage of NBA games that can then be used in some capacity to build a competing roster for the game — or to simply be owned and trade as a collectible, as the user chooses. Roham Gharegozlou, the CEO of Dapper Labs, provided his perspective on the planned game’s offerings, saying: “The NBA and its players are among the greatest he..

Europol Arrests Six People Allegedly Behind $27 Million Bitcoin Theft

Europol arrests 6 unnamed individuals in the U.K. and the Netherlands under suspicion of involvement in a multimillion-dollar crypto theft. Europol, in conjunction with the United Kingdom’s South West Regional Cyber Crime Unit, the Dutch police, Eurojust, and the U.K.’s National Crime Agency (NCA), has coordinated the arrests of six people suspected of stealing over $27 million in cryptocurrency, according to a press release on June 25. The attackers reportedly were involved in typosquatting, a fraudulent means to steal credentials by setting up a scam website with a similar name to an established one—hence the “typo” in “typosquatting”—and then recording login data. In this case, the report notes that Europol believes the hackers were able to use typosquatting to steal login details, letting them gain access to client wallets and the funds inside. Europol reports that the hackers used this scheme to steal from at least 4,000 bitcoin (BTC) users in 12 different countries. The six ind..

Facebook’s Libra Isn’t Behind The Sudden Surge Of BTC Above $11k?...

Bitcoin news today – The fourth parabolic bull run of Bitcoin is no longer news. Mainstream media has been talking about how the price of Bitcoin suddenly surged against the USD reaching a 15-month high and carrying altcoins along. In our Bitcoin news and Bitcoin price prediction yesterday, we talked about the comment from one Forbes contributor who insisted that the rise in the price of BTC was partly due to the release of the Facebook Libra token and the regulators in India who are trying to place a blanket ban on cryptocurrencies. Well, another analyst has suggested that the Facebook should not be credited for the sudden cryptocurrency market bull run. If Libra was not responsible for a surge in the price of Bitcoin, what was? Bitcoin News Today – Bitcoin Price Prediction 2019 – Bitcoin Latest Update – What Triggered The Bitcoin Bull Run? According to a cryptocurrency price analyst on Livemint, Mark Zuckerberg should not get all the credit for the cryptocurrency bull run. You see t..

Firm Behind Zcash to Introduce New Version of Protocol With Sharding

The Electric Coin Company, the firm behind second-biggest anoncoin zcash, is building a new scalable zcash blockchain. The Electric Coin Company (ECC), the firm behind second-biggest anoncoin zcash (ZEC), intends to build a new scalable zcash blockchain, cryptocurrency news outlet Forklog reports on June 22. Per the report, chief engineer at ECC Nathan Wilcox said that the firm should “make Zcash usable by 10 billion people by 2050” if it can. Still, Decrypt notes that achieving this would require zcash’s blockchain to be able to manage thousands — or millions — of transactions per second. Forklog states that ECC is considering implementing sharding, a scalability solution that Ethereum devs also plan to integrate into that network in the near future. Still, ECC engineer and product designer Daira Hopwood noted that, to obtain the desired features, ZEC would need a completely new blockchain. The firm would ensure that coins would be transferred onto the new chain, resulting in a conse..

Circle and Coinbase Invite More Members to Consortium Behind US Dollar...

Following Circle’s USD Coin launch in late 2018, the firm decided to expand its Centre consortium to more members. Goldman Sachs-backed crypto startup Circle and crypto exchange and wallet service Coinbase are expanding their consortium behind USD coin (USDC), according to a blog post on June 13. The Centre consortium acts as a platform for deposits and fiat conversions for Circle’s own cryptocurrency, a United States dollar-backed digital token. Having launched USD coin back in September 2018, Circle has now announced that Centre is opening up for more members and industry participation. In the post, Centre wrote that Circle and Coinbase have been working to create and establish its Centre Network as a “membership-based framework and governance scheme.” Inviting more participants to join its network, Centre wrote that the consortium membership provides institutions with the right to issue or redeem USD coin. In order to obtain this right, members must agree to Centre’s operating rule..

Blockchains Acquires Development Firm Behind ‘The DAO’ Project

Blockchains, LLC, has acquired slock.it, a small blockchain development team that created The DAO. United States-based blockchain incubator and investment firm Blockchains, LLC, has acquired the German Ethereum dev team slock.it, according to a press release on June 3. Slock.it’s team is reportedly around three dozen large, and is known for its creation of the now-defunct decentralized autonomous organization (DAO) project “The DAO.” Co-founders and brothers Christoph and Simon Jentzsch will reportedly join Blockchains as VP of technology and director of blockchain development, respectively. During the first few months of the acquisition, the newly-linked organizations will reportedly ship a line of open-source tools for Ethereum developers. As per the organizations’ acquisition agreement, teams will reportedly work together on existing projects, such as Blockchains’ digital asset custody product and slock.it’s “Incubed,” which purports to connect Internet of Things (IoT) devices with..
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