Last Wednesday, French police shut down a massive botnet that managed to install malware on over 850,000 computers. This network was partially used to distribute ransomware and carry out data theft. However, it was also used for cryptojacking, allowing the attackers to mine Monero on their victims’ computers.
As quantitative easing dampens faith in fiat, cryptocurrencies will only become more attractive. That’s one of the most startling assertions from Mark Mobius, founding partner of Mobius Capital Partners, who is in India this week to promote his new book, “Invest for Good.”
The global economy has been propped up since the end of the Great Recession by historically low interest rates. The U.S. Fed Fund Rate sat at a mere 0.25 percent for more than half of the past decade, a rate which many observers felt was too low for too long.
Earlier today, sharp-eyed observers noticed something strange happening on the BCH blockchain. More than half of Bitcoin Cash’s (BCH) hash power appears to be controlled by unknown miners, who are not part of any known pool. Although there’s no indication of anything sinister going on, that didn’t stop observers and doubters from questioning the security of Bitcoin’s largest fork.
The prospect of institutional investors makes the crypto industry go all tingly inside. Deep order books and market liquidity mean many centralized exchanges have expanded their offerings to cater to the needs and requirements of professional investors – but TROY Trade, the ‘first’ prime broker in the industry, aims to leverage decentralized exchanges for the same audience.
With interest in cryptocurrencies on the rise, many prospective investors are returning their attentions to Ripple Labs – the company best-known for strongly promoting the XRP cryptocurrency token and funding their bank-friendly technology with the billions of dollars it has reaped for them.
The crypto markets are continuing to trade sideways, but the outlook appears to be gradually improving. Bitcoin gained more than 2% over the weekend, while altcoins show a diverse landscape of gains and losses.
Cosmos has started the new trading week in a positive fashion, after suffering its largest-ever monthly decline since its inception. The ATOM / USD pair is currently gaining over five percent intraday, after falling below the 2.00 level for the first time over the weekend.
You can’t really discuss the topic of cryptocurrency mining without getting into issues surrounding the concept of centralization. One of the greatest aspirations of cryptocurrency communities is to decentralize the monetary system and create “trustless” transactions.
While Bitcoin made a lot of headway towards a trustless currency, there are still concerns. The concentration of power among ASIC miners in a few locations make some people wonder if mining is becoming too centralized.
CoinMarketCap is changing things up. If you’re wondering why your favorite altcoin is still ranked at three-hundred-something, you’re probably not alone.
Luis Cuende is not impressed with Libra, or other corporate efforts to enter the world of cryptocurrency. “[T]his is bullshit,” he says. “I didn’t get into crypto because I wanted to work for Facebook.”
Cuende leans forward in his chair and stares intently. “I’d rather crypto doesn’t go mainstream than give up on my values,” he adds, finally.
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