Gemini Chose to Wade Regulation In New York, Weighs in on Conditional BitLicense

Last week, the New York State Department of Financial Services, or NYDFS, proposed changes around its state-wide BitLicense legal guidelines. Gemini, a crypto exchange calling New York home, sees the NYDFS’ move as a positive. Gemini’s chief compliance officer, Noah Perlman, told Cointelegraph: “The proposed conditional licensing framework is another step the DFS is taking to help ensure this industry continues to grow and innovate — so that it becomes more accessible to more people without compromising safety or security.” The NYDFS suggested BitLicense alterations last week New York has…

Ransomware Targets Outdated Microsoft Excel Macros to Deploy Attacks

Microsoft Security Intelligence alerted users to a type of ransomware, called Avaddon, that uses Excel 4.0 macros to distribute malicious emails. These emails contain attachments which deploy an attack when opened in any version of Excel. Avaddon ransomware emerged in early June through a massive spam campaign that randomly targeted its victims. Some patterns seem to indicate that the ransomware mostly targets Italian users. Impersonating Italian officials As BleepingComputer reports, the attackers behind the ransomware are recruiting “affiliates” to spread the payload. According to their analysis, Avaddon’s average ransom amount is…

We Underestimated How Long Proof-of-Stake and Sharding Would Take to Complete

The Hashing It Out podcast recently hosted Ethereum co-founder, Vitalik Buterin. During the show, he explained how he would handle Ethereum’s creation differently if he were building it now.  Buterin acknowledged the presence of a number of changes, both large and small, such as putting more thought into gas costs for example. “We didn’t really do a good job of setting those at the beginning,” Buterin said on the July 2 podcast interview.   Buterin’s larger changes involve sharding and Proof-of-Stake After mentioning gas prices and other smaller alterations he would…

Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient

South Korean telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance. This new protocol will do away with the company’s current antiquated paper processing methods. Before now, users had to visit a technical repair office to receive insurance benefits for damaged phones, according to Itbiznews. Successful visits would conclude with a claim receipt, which they then had to forward via email or fax to the insurance company. Cooperation with Samsung SK Telecom’ new system will allow the telecom giant’s customers to skip this outdated process,…

This Binance Launchpad Alum Believes It Has Cardano, EOS & Algorand Beat

Elrond (ERD) believes it has what it takes to overcome the behemoths of the proof-of-stake, or PoS, world. This Romanian PoS blockchain raised $3.25 million in an Initial Exchange Offering, or IEO, in July 2019. Elrond CEO, Beniamin Mincu, told Cointelegraph that Binance’s IEO process was very tough. He explained though that through perseverance, the project was able to raise the necessary funds, and receive significant exposure. Ethereum 2.0 — ahead of schedule Elrond’s technological stack reads very similar to what has been anticipated for Ethereum (ETH) 2.0 — sharding,…

OKEx Now Features Latin American Fiat Gateway with Latamex

OKEx, a major global cryptocurrency exchange, is embracing the Latin American crypto market by launching a fiat gateway for three local currencies. According to a July 3 announcement, OKEx users can now buy Bitcoin (BTC) and Ether (ETH) in exchange for the Argentine peso (ARS), the Brazilian real (BRL), and the Mexican peso (MXN) via a direct bank transfer. OKEx implements Settle Network’s Latamex tool OKEx’s partnership with a company called Settle Network allowed them to enable these features. Settle Network is claimed to be the largest digital settlement network…

‘Bitcoin Could Go to $1,000,000‘

Kraken’s head of business, Dan Held, has been involved in crypto since 2013. In his latest interview with Cointelegraph, he dives into the early crypto meetups in San Francisco’s Mission District and explains how the price of one Bitcoin (BTC) could eventually reach a million dollars. Watch the full interview for a trip down memory lane and a roadmap of Bitcoin’s future. Held also explains why Bitcoin could become a “very boring” asset and why he believes it’s time to stop experimenting with altcoins. For more great crypto content, head over…

Independence Day Sees Challenges to Privacy, Property and Security, June 26–July 3

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The U.S. is preparing for its Independence Day tomorrow. New spikes in positive COVID-19 tests will put a damper on some but not all of the traditional fireworks, cookouts and Martina McBride. On the same day, new changes to the Russian Constitution, including those that may allow Putin to stay in power for another 16 years, take effect. In more light-hearted news, pubs will also reopen in the U.K.…

EOSIO-Based Social Media Platform Voice Briefly Goes Live Ahead of Schedule

Voice, a blockchain-based social media project developed by EOS creator Block.One, briefly went live one day before its scheduled launch. Based on the open source EOSIO protocol, Voice aims to use Blockchain technology to create a trusted social experience, free from bots and fake accounts. Revealed in June 2019, the project uses biometric authentication technology to verify every account, limiting accounts to one-per-person and promising to protect user data. Voice briefly shows multiple posts Voice’s main page temporarily displayed several posts from different accounts which featured multiple likes and comments.…