LTC Dusting Attack on Binance Affected Nearly 300,000 Addresses: Report

The recent dusting attack against fourth-biggest altcoin Litecoin (LTC) on major cryptocurrency exchange Binance affected 294,582 addresses rather than the 50 Binance reported, according to a recent metrics report. Blockchain data and metrics firm Glassnode revealed its latest findings in a tweet on Aug. 15, saying that the LTC dusting attack affected 294,582 addresses. The analysis ostensibly also indicated a similar scale attack in April. Source: glassnode As previously reported by Cointelegraph, the LTC dusting attack on Binance occurred on Aug. 9. In the dedicated tweet, Binance linked to a…

Kraken Users’ Report Difficulties With Connecting to Site and API

San Francisco-based cryptocurrency exchange Kraken’s users are experiencing difficulties with connecting to the site and application programming interface (API). In a tweet published on Aug. 13, Kraken warned the public that it is receiving reports of clients having issues connecting to the site and API. The exchange further states that it is investigating the issue and will post related update. Back in January, the Exchange Security Report from independent analysts at ICORating gave 16 percent of the world’s biggest crypto trading platforms an A rating, and none of them an…

Industry Investors Shift Focus From Crypto to Convergence Apps: Report

The year of 2019 has witnessed a shift in investments from focusing purely on digital currency to convergence applications, according to a new report from Outlier Ventures published on Aug. 13. Early stage investors shift focus The “Investment in Blockchains 2019” report, which provides insight into blockchain investment and market trends in 2019, states that blockchain-focused companies have secured $23.7 billion since 2013. Increased interest among early stage investors ostensibly results from massive returns from early investments in Bitcoin (BTC) and Ether (ETH). Per the study, there has been a…

15 Countries to Develop Crypto Transaction Tracking System: Report

About 15 global jurisdictions, including the G7 countries, will reportedly develop a system for tracking crypto transactions to prevent illicit uses of cryptocurrencies. The Financial Action Task Force (FATF) is planning to prepare detailed measures by 2020, according to a report by Tokyo-based newspaper Nikkei on Aug. 9. The new system intends to collect and distribute personal data on individuals who conduct crypto transactions in order to prevent funds from being used for illegal activities such as money laundering and terrorism financing, the report notes.  While a number of global…

Blockchain Solution Spending to Hit $16 Billion by 2023: IDC Report

Worldwide spending on blockchain solutions is expected to hit almost $16 billion in 2023.  A new report published on Aug. 8 by United States-based market research firm International Data Corporation (IDC) forecast that overall spending on the technology will reach $15.9 billion in 2023, at a five-year compound annual growth rate (CAGR) of 60.2% between 2018-2023. Blockchain spending in 2019 to rise 80% IDC’s Worldwide Semiannual Blockchain Spending Guide provides an analysis of spending data for the blockchain sector from a regional, vertical industry, use case, buyer and technology perspective.…

Chinese Gov’t Hackers Are Targeting Crypto Companies: Report

Chinese state hackers are performing attacks against cryptocurrency and video game enterprises, cybersecurity company FireEye claims in a report published on Aug. 2. Chinese government facilitating hacking operations Per the report, Chinese state espionage cyber unit APT41 “targets industries in a manner generally aligned with China’s Five-Year economic development plans.” Still, FireEye researchers claim that “the group is also deployed to gather intelligence ahead of imminent events, such as mergers and acquisitions and political events.” Industries targeted by the unit reportedly include healthcare, high technology (semiconductors, batteries, and electric vehicles),…

Major Coins Report Mixed Signals, Bitcoin Hovers Around $11,700

Tuesday, Aug. 6 — Major cryptocurrency markets have continued suffering losses over the past several hours as Bitcoin (BTC) has come back down to around $11,700 after a jump to $12,300 earlier today. Market visualization. Source: Coin360 BTC has effectively returned to its level of 24 hours ago to trade at around $11,759 at press time. During the past day, BTC has been trading in a narrow corridor between $11,020 and $12,239 — the coin’s highest price point on the day. Today, former Wall Street trader Max Keiser claimed that…

UK’s Tax Authority Requests User Data From Crypto Exchanges: Report

The United Kingdom’s tax, payments and customs authority Her Majesty’s Revenue & Customs (HMRC) has reportedly requested that digital currency exchanges provide it with information about customers’ names and transactions aiming to identify cases of tax evasion. Crypto exchanges come under fire According to fintech-focused media outlet Coindesk, industry sources said that the agency has sent letters to at least three crypto exchanges in the U.K., including Coinbase, eToro, and CEX.io, requesting that they provide lists of users and transaction data. HMRC is reportedly aiming to cooperate with crypto exchanges…

Top Staking Projects of the Crypto World Today: Report

INDX, the Tokenized Masternode Investment Fund, has calculated the top-10 proof-of-stake (PoS) blockchains based on the expected yield of their tokens. The company did this by quantifying the volatility, volume, liquidity, risk and integrity. The tokens appear in order, from one to 10, based on the expected yield, as predicted by INDX’s proprietary algorithm.  Related: Crypto Dividends: Staking Coins for Gains Potentially a Good Strategy in a Bear Market But is Not Without Risk Proof-of-stake is a consensus method that states a person can mine or validate block transactions in…

Crypto Industry Now Comprises 7% of Switzerland’s Largest SRO: Report

Switzerland’s biggest cross-industry self-regulatory organization (SRO) has seen a spike of members from the cryptocurrency and blockchain industry. 88 members of Financial Services Standards Association have connection to crypto The Swiss Financial Services Standards Association (VQF), the oldest and largest SRO in the country, said that 7% of its membership is connected with crypto-related businesses, financial news outlet Finews reports Aug. 2. Simon Waelti, one of the co-CEOs at the association, clarified that 88 members in VQF have a connection to crypto so far, adding that the figure may come…