Day: April 22, 2019

Hacked Crypto Exchange Zaif Resuming Full Services Under New Owner

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Japanese cryptocurrency exchange Zaif, which was hacked for about $60 million last year, is under new management. The exchange announced on its corporate website on Friday that, as of Monday, April 22, the firm will have signed over its business to publicly listed Japanese investment firm Fisco and full operations will be reinstated Tuesday. The plan for the takeover was first aired in October 2018, and sees the exchange pass from its previous owner, Tech Bureau, to an existing crypto exchange owned Fisco. Friday’s post indicates that the deal cost Fisco…

Crypto Markets See Mild Green, Global Stocks and Futures Mixed as Oil Spikes

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Monday, April 22 — after yesterday’s mild market teeter, almost all of the top twenty cryptocurrencies are seeing mild green on the day to press time, seeing growth of between 1 and 7%, as Coin350 data shows. Market visualization courtesy of Coin360 Bitcoin (BTC) is up 0.4% on the day and is trading at $5,315 by press time, according to CoinMarketCap. After yesterday’s dip to below $5,260, the top coin has just reclaimed ground above the $5,300 price point — but remains shy of its intra-week high of above $5,350…

JPMorgan Chase to Add New Features to Blockchain-Powered Network for Global Banks

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JPMorgan Chase (JPM) is expanding the use of its blockchain technology to help reduce the number of global payments rejected by errors, the Financial Times reported on April 21. The United States financial giant is adding new features to its Interbank Information Network (IIN,) which is now used by more than 220 banks around the world. The technology was initially designed to help institutions share payments data in real time — cutting delays in processing times. John Hunter, JPM’s head of global clearing, said it has built a new feature…

Will Belarus Be the First Country With Nuclear-Powered Bitcoin Mining?

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Cryptocurrency mining has lost some of its profitability during the prolonged bear market of the past year. However, not all investors are short-sighted. Belarus, for example, is not giving up on its intentions to develop the digital economy, of which the crypto space is a part of. Minsk thinks it has enough resources and soon plenty of cheap energy to power new coin minting facilities and make a buck from bitcoin mining. Also read: Russia Adopts Law to Isolate Runet From the Internet Lukashenko to Build Mining Farms at Belarusian…

Country Faces Growing Threat From Stealth Crypto Mining Attacks

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Microsoft Korea has claimed the country is facing an increase in cryptojacking incidents, according to a report from local English-language daily The Korea Times, published on April 22. The findings were announced by Microsoft security program manager Kim Gwi-ryun during a press conference in Seoul today, which accompanied the release of the annual Microsoft Security Intelligence Report. As previously reported, cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. According to The Korea Times, South Korea’s cryptocurrency mining incident…

Here’s Why Crypto Traders are Abandoning Altcoins to Bullishly Buy Bitcoin

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Since January, in less than four months, the valuation of the crypto market is up around $52 billion from $125 billion with the bitcoin price comfortably hovering above the $5,300…

South Koreans Invest an Average $6,000 in Cryptocurrency, Says New Survey

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More South Koreans are buying cryptocurrency than ever before and spending more fiat to do so, local daily news network Arirang Daily News reported April 20. Referencing the results of a December 2018 survey from nonprofit organization the Korea Financial Investors Protection Foundation, Arirang revealed 7.4% of the 2,500 adults surveyed said they had bought cryptocurrency. That figure was up 1% on the year before, despite the industry facing hurdles locally in the form of shifting regulation and various exchange hacks. Not only the number of purchasers had changed: out…

Tennis Star Serena Williams Reveals Investment in Coinbase

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Serena Williams, one of the world’s most successful tennis players of all time, has revealed in an Instagram post that she is an investor in cryptocurrency exchange Coinbase. Williams took to the social media platform late last week to announce her VC firm Serena Ventures – which was secretly founded in 2014 – and listing some of its investments, including Coinbase and startups in areas such as fitness, clothing, food and women’s health and community.   Williams said in the post: “In 2014, (yes I know I can keep a secret) I…

British Virgin Islands, Blockchain Firm Develop Crypto Payments System for Emergency Aid

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The British Virgin Islands — a United Kingdom Overseas Territory in the Carribean — has partnered with blockchain firm Lifelabs.io to launch an alternative crypto-enabled payments infrastructure for residents across its network of islands. The development was reported in a BVI government press release on April 18. The partnership notably heralds a particular focus on using a crypto infrastructure to support the reliable and swift transfer of aid and access to funds in emergency scenarios. The BVI government will implement Lifelabs’ blockchain Platform as a Service (PaaS), which reportedly reduces…

Serena Williams Has Been Secretly Investing in Crypto Exchange Coinbase

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Photo: Serena Williams / Instagram Serena Williams, an American professional tennis player and a winner of four Olimpic gold medals and 23 Grand Slam singles, has revealed the details about her own investment firm Serena Ventures. It turned out that during the last five years, Serena has been silently investing in more than 30 companies, including the leading crypto exchange Coinbase. On Instagram, where Serena Williams has about 10.9 million followers, she has published a post that reads: “In 2014, (yes I know I can keep a secret) I launched Serena Ventures…