A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s…

The obfuscation capabilities of cryptocurrency mining malware creators are increasingly getting more and more sophisticated, according to cybersecurity researchers at Trend Micro. This is evidenced by a new cryptocurrency mining malware that the researchers came across which employs multiple evasion techniques in order to evade detection. Identified as Coinminer.Win32.MALXMR.TIAOODAM, the malicious crypto mining software poses…

Gavin Newsom is considered to be “pro-bitcoin.” Certainly, he’s willing to accept BTC for campaign contributions. He also has a record of being pro-technology in general, believing the government should be “performance-based” and that “government information and services at every level should be thoroughly ‘digitized,’ enabling citizens to conduct business with public agencies online.” California’s New…

A prominent bitcoin cash startup has launched a mining pool designed to attack altcoins and BCH forks that it does not believe fulfill Satoshi Nakamoto’s original vision for the cryptocurrency. SharkPool: Supporting Bitcoin Cash by Attacking other Networks Dubbed “SharkPool,” the service aims to conduct a two-pronged attack on other cryptocurrency networks, exclusively mining empty…

Bitcoin on Tuesday confirmed another bull flag formation after reversing from its downside correction action. The BTC/USD pair has almost negated the losses made during yesterday’s trading session, bringing the 24-hour gains to 0.46 percent. The pair found a strong intraday support level at 6372-fiat, just ahead of testing the lower trendline of the parallel…

Cybersecurity researchers working for a subsidiary of Japan’s largest bank believe that they have found the hackers who stole $60 million from Japanese crypto exchange Zaif in an attack earlier this year. MUFG Investigates Zaif Hack According to a press release published on Monday, Japan Digital Design Co. (JDD) — a subsidiary of banking giant…

Recent times have seen banks hedging their bets or even fully integrating cryptocurrencies. The acquisition and filing of patents is how large organizations truly express their interest in a given field, and Bank of America continues to lead the way, now having secured its latest patent in the blockchain and crypto space, one for “tamper-responsive”…

Authorities in Bulgaria have clamped down on the shady sale of international passports to foreigners from some parts of Eastern Europe in exchange for bitcoin. Erring citizens of Bulgaria, Ukraine, Moldova, and Macedonia have been allegedly involved in the perpetration of such illegal activities. Officials Arrested The citizenship issuance which was authorized by Bulgarian officials…

In an official statement, the Ukranian government confirmed its plans to establish regulatory frameworks to legalize crypto in the region. As a part of an initiative to consider and acknowledge cryptocurrency as an emerging technology, the Economic Development and Trade Ministry in Ukraine released a new state policy to oversee various cryptocurrency-related sectors which will…

From a scaling conference for Bitcoin to a new take on the biggest roadblock in blockchain, here’s a look at some of the stories breaking in the world of crypto. Bitcoin A huge collection of videos from the Scaling Bitcoin 2018 conference just dropped. The conference took place in Tokyo, Japan from October 6 –…

What Is This? The Stock Market? Another relatively uneventful week for the cryptocurrency market. Even with positive news of Gemini’s digital asset insurance, Coinbase’s multi-billion dollar valuation, and further worldwide adoption, the market still managed to fall from $219.7B to $217.9B. That market cap change calculates to a less than 1% fall, however. In an…

Crypto security startup BitGo has received approval in the U.S. to act as a qualified custodian for digital assets. The company, which has spent most of 2018 attempting to launch a regulated custodian entity, announced that the BitGo Trust had been approved by the South Dakota Division of Banking on Thursday, meaning it can now offer…

The Bank of Russia has successfully conducted an experiment on token issuance, an official said Monday during the Eastern Economic Forum in Vladivostok, Russia, news agency TASS reported Tuesday. Ivan Semagin, deputy director of the financial development department of the bank, told attendees of the forum that the regulator had tested conducting “an experimental ICO…

A top Australian financial regulator has indicated it will take a new approach when regulating cryptocurrency exchanges, as well as tighten scrutiny of initial coin offerings (ICOs),. In its a corporate plan for 2018–2022, released Friday, the Australian Securities and Investments Commission (ASIC) outlined its areas of focus for the period. Top of that list is to continue…

An Australian federal agency is developing a blockchain that will allow businesses to carry out transactions based on smart legal contracts. The Commonwealth Scientific and Industrial Research Organization (CSIRO) said on Wednesday that its research arm, Data61, is working with law firm Herbert Smith Freehills and IBM to conduct a pilot for a new platform…

Over the past two days, the narrative on bitcoin exchange traded funds (ETFs) in the U.S. has felt like a rollercoaster. Up until Wednesday, all eyes were watching for a final decision on two futures-backed bitcoin ETF proposals set to be listed on the New York Stock Exchange (NYSE) and created by ProShares. However, the…

The U.S. Securities and Exchange Commission (SEC) announced Thursday that nine bitcoin exchange-traded fund (ETF) disapproval orders are to be stayed until further review. Referencing Rule 431 of the Commission’s Rules of Practice, the SEC said in a series of letters that it would reconsider the three rejections made by the U.S. regulator’s staff. But…