Russian Hackers May Have Carried Out Largest Ever Crypto Exchange Theft

Russian hackers, not North Korean, may be the bad actors behind probably the biggest ever theft from a cryptocurrency exchange. Japanese newspaper Asahi Shimbun reports Monday that virus variants known to be linked to Russian hackers have been found on employee computers at the Tokyo-based Coincheck exchange. Coincheck suffered a breach in January 2018 that resulted in the loss of 500 million NEM tokens worth around $530 million at the time – an amount even bigger than that lost by Mt. Gox. According to the report, the malware found at the exchange…

Crypto Market Targets $300 Billion Cap: Bitcoin Cash, EOS, TRX, ADA Analysis

The total crypto market cap gained momentum and broke the $260.0B resistance area. Bitcoin price broke the main $9,000 resistance area and traded close to $9,400. EOS price traded nicely above the $6.50 and $6.75 resistance levels. Bitcoin cash price is trading above the $420 level and it could continue to rise towards $440. Tron (TRX) price broke the $0.0330 resistance and it might continue to rise. Cardano (ADA) price is slowly moving higher towards the key $0.1000 resistance. The crypto market cap is surging above $265.0B, with sharp gains…

Crypto Market Rallies $15 Billion: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap gained momentum and broke the key $252.0B resistance area. Bitcoin price surged above the $8,500 and $8,650 resistance levels. Litecoin (LTC) price remains in a strong uptrend and is trading nicely above $134. Bitcoin cash price is grinding higher towards the $420 and $425 resistance levels. EOS price is back above the $6.50 level and it may even break the key $6.75 resistance area. Stellar (XLM) price is about to gain momentum above the $0.1250 level. The crypto market cap gained sharply, with positive moves…

Appetite for Blockchain Tech Builds Among Korean Banks, but Without Crypto

In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up with the change of the times. The banks, however, are not looking into an important part of blockchain, which is digital assets, says one influential Korean advocate of alternative currency. In order to assess the Korean blockchain space, it is important to understand how the trend affects existing…

Crypto Exchange Binance.com to Block US Customers from Trading

Binance.com, the world’s largest cryptocurrency exchange, is revamping its internal policies and cracking down on wayward users. The Malta-based exchange announced Friday morning that it was reviewing user accounts to ensure they follow Binance’s terms of use and know-your-customer (KYC) procedures and will remove deposit and trading permissions for anyone in violation of its policies. In an updated term of use agreement revised on June 14, the exchange’s general site notably stated that “Binance is unable to provide services to any U.S. person.” The news comes less than a day…

A Guide to Special Economic Zones for Crypto, From China to Switzerland

Last week, Russian officials revealed plans to build a major financial center on an island in the Far East, which would cater to cryptocurrencies, among other things. Notably, the creation of special economic zones for crypto has been an enduring idea both in Russia — similar proposals have been previously made in regard to Crimea, a territory that is claimed by Russia — and the rest of the world. Here’s the list of countries that have been establishing special hubs for cryptocurrencies and blockchain on their soil. Bolshoi Ussuriyskiy offshore…

Crypto Market Holding Uptrend Support: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap is holding the key $248.0B and $245.0B support levels. Bitcoin price is up more than 1% and it recently broke the $8,200 resistance area. Bitcoin cash price gained a strong bullish momentum and settled above $400. EOS price is correcting lower towards the $6.40 support area. Stellar (XLM) price is positioned above the $0.1200 support, but it is facing hurdles near $0.1300. Tron (TRX) price is slowly moving lower towards the $0.0320 support area The crypto market cap is holding an important support, with bullish…

Conglomerates’ Deep Pockets Continue Blockchain Growth in South Korea Despite Crypto Ban

Unlike in other countries, where startups are at the heart of blockchain development, the South Korean blockchain landscape has “chaebols,” large, family-owned business conglomerates in Korea, at its heart. Just about every month, reports and announcements of large South Korean companies — including Samsung, Naver and NHN, just to name a few — entering into the blockchain space emerge. Still, South Korea is one of the most advanced markets in the blockchain and cryptocurrency industry. The first indication comes from how dominant Korean exchanges were during the crypto bull run…

John McAfee’s New Crypto Trading Platform ‘Magic’ Goes Live

Noted cybersecurity expert and eccentric crypto fan John McAfee has just launched a cryptocurrency trading platform. Dubbed “Magic,” the site is touted as allowing users to “trade cryptocurrencies on multiple exchanges within a single dashboard, automatically and manually.” Notably, the exchange appears to be non-custodial, with users’ crypto holdings remaining on eight other exchange platforms. When a trade is executed, funds are transferred from those accounts to complete the transaction. To set this up, users will need to plug in APIs from their other exchanges. Two “portals” are on offer,…

Crypto Market Starts Fresh Increase: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap found support near $236.0B and jumped sharply above $245.0B. Bitcoin price broke the key $8,000 resistance level to move into a positive zone. EOS price broke the $6.40 and $6.50 resistance levels to start a decent recovery. Binance Coin (BNB) is up more than 5% and it recently broke the $35.00 resistance. Bitcoin cash price is above to break the $400 barrier to move into a bullish area. Tron (TRX) price gained nearly 6% and it recently broke the key $0.0320 resistance. The crypto market…