Category: cryptocurrencies

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Major Chilean bank shuts down all branches following ransomware attack

There is a nationwide alert for future ransomware campaigns against Chilean companies. Banco Estado, the only public bank in Chile and one of the three largest in the country, had to shut down its nationwide operations on Monday due to a cyberattack that turned out to be a ransomware launched by REvil. According to a…
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How to provide liquidity to cryptocurrency exchange

Liquidity is one of the most important factors in a cryptocurrency exchange or brokerage’s long term success. A trading venue’s liquidity represents how easily a trader can use the platform to exchange one asset for another. If a trader sends a market order to buy or sell an asset and the venue can’t find enough…
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‘Bitcoin Pope’ faces up to 10 years in jail for running two crypto scams

The alleged crypto scam websites are still intact. A securities regulator in the United States, the Texas State Securities Board (TSSB), has detected another batch of alleged cryptocurrency scams. On Sept. 3, Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order against two alleged crypto scam schemes known as Forex Birds…
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Ziglu launches peer-to-peer payments after getting UK e-money licence

Ziglu now offers a fully regulated way to transfer Bitcoin, Ether, Litecoin and Bitcoin Cash to other users for free. United Kingdom challenger bank Ziglu announced the launch of its peer-to-peer (P2P) payments service for both fiat and cryptocurrency on Sept. 7. This follows hot on the heels of receiving both the U.K. Financial Conduct…
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Binance Card still on its way to Russia despite local crypto payments ban

Russia’s law on digital assets has not affected Binance’s business in any way. International cryptocurrency giant Binance is not going to give up launching the Binance Card in Russia despite the upcoming ban on crypto payments. Binance, the world’s largest crypto exchange by daily trading volume, is working on the rollout of its crypto debit…
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Microsoft warns digital currency owners to be aware of new malware

Windows users must be wary. In a tweet, Microsoft Security Intelligence (MSI) warned cryptocurrency owners who are also Windows users on August 27 that their funds in crypto wallets might be in danger because of a new malware. The new malware, called Anubis, seems to use code forked from Loki. It steals crypto wallet credentials,…
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DeFi experts say that Ethereum 2.0 is not the answer to high gas fees

A better solution might come up before it even exists. High gas fees for transactions on the Ethereum blockchain are at record highs amid the decentralized finance hype that has attracted many new users to get on board on the Ethereum network. DeFi experts and computer scientists got together on Sept. 3 for Cointelegraph China’s…
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Binance brings out platform for farming new assets

Bella Protocol will be the first project to participate in the platform. The world’s largest crypto exchange Binance unveiled the Launchpool platform on Sept. 6. According to Binance, the new platform will allow users to have securely farm new assets as well as users will get new token rewards in return for staking BNB, BUSD,…
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Vid Foundation opens staking

Other features will also be in the network. Vid Foundation, the company behind the social media app Vid which rewards users, unveiled its plans to allow more staking in its VI token. Jag Singh, CEO and Co-Founder of Vid Foundation, said in a post that new stakers would be able to join Vid and stake…
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Could Russia lead Eastern Europe’s crypto boom?

Russia’s new bill brings it in line with U.K. legislators, though there is a distinction between the approach of the FCA and the State Duma. Not unlike many other jurisdictions around the world, Russia has come to recognize the potential benefits and risks flowing from cryptocurrencies by taking its first step to define and codify…
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