New Malware MEWKit | Watch Your Accounts On Myetherwallet

According to security research firm RiskIQ, a criminal group planned a phishing attack using a malware called MEWKit. A Phishing Attack Program Called MEWKit This new type of phishing crime is called MEWKit. This kind of program will steal money from the victim’s wallet through a front-end program that mimics the MyEtherWallet. According to security researchers, criminals using MEWKit will also use fake web pages to obtain the details of their users’ personal information and use this information to make automatic transfers. According to reports, once the victims decrypt their wallets, the…

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French Finance Minister Bruno Le Maire

Blockchain technologies and cryptocurrencies keep gaining followers in a new course of action that is notably refreshing for the markets.  One of the most notable “embracers” was the French Minister of Finance, Bruno Lemaire, who declared himself to be passionate about cryptocurrencies: Alex Stachtchenko, co-founder of Blockchain Partner, a startup focused on providing consulting services in the use and implementation of blockchain technologies, made the information public. One of the key points of this statement is that it seems to imply that the cause of his previous scepticism was a…

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Ali Baba & PayPal Reject Crypto as a Medium of Exchange

Big investors and business icons are rejecting cryptocurrency as a viable medium for exchange. The market has been struggling to become a “reliable currency” despite several countries legalizing digital currencies and crypto exchanges. Bearish remarks from trend makers have been negatively impacting the crypto market. Bitcoin price (BTC) plummeted to the $8,000 level while the entire cryptocurrency market capitalization dipped to $80 billion in the last two weeks. Jack Ma, executive chairman and founder of Alibaba (NYSE:BABA), has claimed; “Bitcoin is a bubble”. He says the company is not planning to…

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Cryptocurrency Market Volatility | Too Dangerous for Future Prospects

Cryptocurrency market volatility: Cryptocurrencies are the most volatile asset in the world. Because of this, the global financial system finds it difficult to consider them as viable alternatives to fiat currencies. The crypto market has the potential to generate or wipe-off billions of dollars in few hours alone. Bitcoin (BTC), for instance – which is the leader of the cryptocurrency market – has produced huge upside and downside volatility in the last five quarters. The BTC coin rose from $1,000 level at the beginning of fiscal 2017 to an all-time high…

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Exec of $5.1 Trln Investment Firm Makes Tired Comparison of Crypto to Tulips

The global chief economist of a major investment firm has criticized cryptocurrencies in an op-ed on investment fund news site ETF.com published yesterday, May 21. Joe Davis, the global chief economist and global head of Vanguard Investment Strategy Group, stated that while blockchain technology shows promise, the rise of cryptocurrencies can be compared to the Netherlands’ 17th century “tulip mania,” a classic example of a bubble market. Davis, whose firm manages a reported $5.1 trillion in assets globally as of this January, began the piece by remarking on his enthusiasm…

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From the Internet to Crypto

Throughout history, the thoughts and perceptions of the masses have been shaped by leaders of politics, industry and entertainment. The greatest minds of our time have often predicted and touted some of the most prolific innovations. Lended the support of these voices, these very innovations have shaped the way the world works. Internet A prime example would be the Internet. The technology revolutionized communication in the 1990s and led to a surge in investments in Internet-based companies. What followed is now known as the dotcom bubble – a rapid rise in…

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U.S. CFTC Seeks to ‘Provide Regulatory Clarity’ for Listing Virtual Currency Derivatives

The U.S. Commodity Futures Trading Commission (CFTC) has issued an advisory statement for listing virtual currency derivative products, according to a CFTC press release published yesterday, May 21. The advisory statement is aimed at providing clarity for exchanges and clearing houses. The staff advisory, which was jointly issued by the CFTC’s Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR), focuses on the specific areas involved in listing virtual currency derivatives on a designated contract market or swap execution facility. It covers the necessity for more market…

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Russia and Iran Discuss Crypto Alliance

Crypto Alliance – Russia and Iran might start using digital currencies, like Bitcoin (BTC), to bypass international sanctions, Russian news source RBC reported yesterday. Both countries are exploring ways to replace the SWIFT interbank payment system and avoid the US dollar transactions said the head of Iranian Parliamentary Commission for Economic Affairs, Mohammad Reza Pourebrahimi. Pourebrahimi met with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy, and said that collectively they have “engaged the Central Bank of Iran to start developing proposals for the use of cryptocurrency.” Pourebrahimi…

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Trending Crypto News | Find Out What Went on This Week

The week is over, as is Consensus 2018 and NYC Blockchain Week, so there is a lot to reflect on. Without further adieu, here is this week’s trending crypto news!  Trending Crypto News | May 14 – May 18  Monday  Coins on the crypto markets started Monday both in the green and the red. While Ripple (XRP) found itself up during the day, Cardano (ADA) found itself down.  Monday was the first main day of Consensus 2018, and it was there Ripple (XRP) announced its brand new initiative, deemed the Xpring…

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JP Morgan Appoints New Director of Crypto Assets Strategy

According to a Business Insider report on May 17th, JPMorgan Chase, the leading US banking group and financial services company, recently created and filled a new position— the head of Crypto Assets Strategy. Crypto Assets Strategy Oliver Harris, 29, will assume this new role and report to Umar Farooq – head of blockchain development. Harris will also lead JPMorgan’s internal blockchain project, Quorum, which was tested by JPMorgan Chase and the National Bank of Canada since last month. According to the Business Insider report, Harris will identify and lead new encryption projects…

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