LedgerX Places Founders On Leave Following Public CFTC Woes

The board of directors of Ledger Holdings, Inc., parent company to LedgerX, announced that co-founders Paul and Juthica Chou have been placed on administrative leave, effective immediately. In a Dec. 9 press release, the Bitcoin (BTC) derivatives exchange LedgerX explained that the two executives will be replaced by Larry E. Thompson as interim chief executive officer and lead director of Ledger Holdings. Thompson brings with him the experience of a 30-year career on Wall Street. It remains unclear why the board of directors have decided to place both executives on…

Op Ed: Bringing DeFi to Bitcoin Opens Up New Frontiers

Decentralized finance (DeFi), while still in its early days, promises to redevelop critical financial services in a way that is trustless, transparent and controlled by the consumer. This has major implications for people across the world with limited access to financial services but also to crypto traders and savvy investors who are looking for new tools and new ways of finding an edge. DeFi covers any conventional financial tools built on a blockchain, but in its present forms, almost all have been built on Ethereum. This has been a major…

EToro to Issue Debit Cards Starting Q2 2020

Multi-asset investment platform and social network eToro is allegedly planning to launch a debit card in the second quarter of 2020. On Dec. 9, Business Insider reported that the United Kingdom-based digital asset trading platform’s 12 million users will be able to spend their earnings via a debit card, planned for launch in Q2 of next year. The service will reportedly launch in the UK firt. However, other details about this planned debit card launch remain unclear. EToro’s global head of PR & communications, Amy Butler, confirmed to Cointelegraph that…

It’s All About $7,400 for Bitcoin Price as a Big Move Is Now Imminent

Bitcoin (BTC) closed the week slightly above $7,500 up 1.56% ($115), which marks the first positive week since the close of the first week of August. Today Bitcoin touched a high at $7,660 following and a low at $7,370 with most of the price action taking place in the second half of the day. The 24-hour losses listed in the chart below show that the wider market has followed suit with Ether (ETH) trading back around $150 and XRP at $0.225. Cryptocurrency market daily view. Source: Coin360 Weekly chart BTC…

New Mac Malware Hides in Memory and Masquerades as a Crypto App

The malware infects Mac OS computers by injecting an executable file into the boot process, thereby hiding it from the user and rendering it difficult to remove. The executable then looks for various online payloads and runs them in memory, ensuring that anti-virus software could miss the malware after reboots and other OS events. Ultimately, there is very little for an anti-virus app to find as the payload changes over time and the malware has root privileges on infected machines. Source link

Echo Launches Bitcoin Sidechain, a Weighted Approach to More Functionality

In late November 2019, the Bitcoin-based DApp network Echo announced the launch of a Bitcoin sidechain on its blockchain testnet. It framed the release as a critical step in its mission to establish decentralized financial applications that leverage BTC as a native asset for lending, trading and more.  “The launch of the Bitcoin sidechain on Echo testnet is the first step towards building the most trust-minimized sidechain for Bitcoin in existence,” Alexei Dulub, founder and CEO of PixelPlex, the blockchain development firm behind Echo, told Bitcoin Magazine. “Getting BTC into…

Cryptojacking Malware Devs Sentenced to 20 Years in Prison

From its founding in 2007 to its members’ apprehension and eventual extradition in late 2016, the Bayrob Group, which operated out of Bucharest, Romania, ran a sprawling hacking and malware operation. They deployed trojan malware in seemingly mundane emails from well-known companies and groups, but when victims attempted to download attachments apparently from Norton, the IRS and Western Union, their computers instead became infected with the Bayrob botnet, according to an indictment. Source link

Lithuanian Central Bank Announces Blockchain Collector Coin

The Bank of Lithuania announced that it will release a digital, blockchain-based collector coin in the spring of 2020, according to a press release on Dec. 9. The coin is dedicated to the Act of Independence of Lithuania on Feb. 16, 1918, and its 20 signatories. In homage to the year of the act, the coin will bear a denomination of 19.18 euros, while its size and form will resemble a credit card. Bank of Lithuania board member Marius Jurgilas said they chose the theme because of the significant role…

Cryptocurrency Exchange OKEx to Launch Options Trading This Month

Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27. In a press release on Dec. 9, the exchange said that the addition of options makes OKEx the “first crypto exchange to offer C2C, spot, futures, perpetual swap, and options trading under the same roof.”  The options will allow the platform’s users to buy or sell an underlying asset after paying a premium. While real options trading will begin on Dec. 27, simulated trading is scheduled to start in just three days, on Dec. 12.…

Gov’t Seeks to Tax Crypto Transactions as Capital Gains

The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the first half of 2020. In parallel, the Korean National Assembly is in the process of advancing a related bill aimed at increasing transparency in cryptocurrency trading. If passed, the new regulations would come into effect one year after the Assembly’s plenary session. While the government’s capital gains…