Crypto News & Blog

Censored by China
Ethereum Blockchain Explorer Censored by China 1024 500 Crypto Rand Group

Ethereum Blockchain Explorer Censored by China

One of the most popular sources of ethereum blockchain data has been censored by China Great Firewall, used by the government to regulate access to foreign internet sites As of Tuesday, etherscan.io, one of the longest-running and most widely used ethereum block explorers, was inaccessible from IP addresses inside mainland China, based on tests performed…

Bitfinex Market Manipulation Plaintiffs
Bitfinex Market Manipulation Plaintiffs Won’t Amend Their Complaint 1024 500 Crypto Rand Group

Bitfinex Market Manipulation Plaintiffs Won’t Amend Their Complaint

The plaintiffs in a class-action lawsuit accusing the Tether-affiliated crypto exchange Bitfinex of Bitcoin price manipulation have declined to amend their complaint. According to a court filing dated Dec. 2, the plaintiffs declined to make amendments to their complaint as a study conducted by John Griffin and Amin Shams “still concludes that USDT was being…

SEC targeting violations
New SEC Cyber Unit Chief Targeting Blockchain Violations 1024 500 Crypto Rand Group

New SEC Cyber Unit Chief Targeting Blockchain Violations

Targeting “violations” involving initial coin offerings (ICOs) and distributed ledger or blockchain technology, Kristina Littman is now the new chief of the SEC cyber unit Littman succeeds Robert Cohen, who left the SEC in August, according to an announcement Monday. Cohen led several cryptocurrency cases, including suing Kik Interactive for allegedly selling unregistered securities as…

cryptojacking
Youtube Used to Install Cryptojacking Malware. 1024 500 Crypto Rand Group

Youtube Used to Install Cryptojacking Malware.

A Monero cryptojacking malware has been distributed through Youtube, by the cybercriminals behind the Stantinko botnet, according to the Slovakian software security firm Eset. On Nov. 26, the major antivirus software supplier Eset reported that the Stantinko botnet operators have expanded their criminal reach from click fraud, ad injection, social network fraud and password-stealing attacks,…

Ethereum Dev
Ethereum Dev Arrested For North Korea Presentation 1024 500 Crypto Rand Group

Ethereum Dev Arrested For North Korea Presentation

Virgil Griffith, who has lately been workingas an ethereum dev for the Ethereum Foundation, has been arrested for allegedly going to a conference in North Korea and sharing his expertise in using cryptocurrency. The United States Attorney’s Office for the Southern District of New York announced Friday that Griffith was arrested at Los Angeles International…

CryptoBridge Closing
CryptoBridge Closing due to Increasing Regulation. 1024 500 Crypto Rand Group

CryptoBridge Closing due to Increasing Regulation.

U.S decentralized cryptocurrency exchange CryptoBridge is closing operations, citing several reasons, including “increasing regulation.” A notice on the exchange’s website reads that the “difficult” decision has been taken due to “market conditions, increasing regulation, inability to fund further development and maintain operations.” CryptoBridge had around 320,000 visitors in October, with most from Russia and Bulgaria,…

Poloniex Tron
Poloniex acquired Tron decentralized exchange 1024 500 Crypto Rand Group

Poloniex acquired Tron decentralized exchange

Cryptocurrency exchange Poloniex now controls the largest decentralized exchange on blockchain network Tron, official reports state. Confirmed by Tron CEO Justin Sun on Nov. 29, Poloniex will now operate TRX Market under the new name “Poloni DEX.” Poloniex ‘acquires’ decentralized exchange The move comes a month after Poloniex itself spun out from owner Circle to…

German Banks Cryptocurrencies
German Banks Allowed to Sell Cryptocurrencies 1024 500 Crypto Rand Group

German Banks Allowed to Sell Cryptocurrencies

New legislation is allowing German banks to sell and store cryptocurrencies, starting next year. Previously, banks were barred from offering direct access to crypto assets, but the new law implementing the fourth EU Money Laundering Directive would change that, according to local business newspaper the Handselblatt in a report on Wednesday. The bill has already…

HSBC Using Blockchain
HSBC Using Blockchain to Track Assets 1024 500 Crypto Rand Group

HSBC Using Blockchain to Track Assets

HSBC is planning to use a blockchain-based custody platform by March next year, to track $20 billion worth of digital assets. According to Reuters, the platform, known as Digital Vault, will allow investors to get real-time access to records of securities purchased in private markets. HSBC’s platform will digitize paper records and leverage blockchain tech…

Binance Partnered With TravelByBit
Binance Partnered With TravelByBit 1024 500 Crypto Rand Group

Binance Partnered With TravelByBit

Major cryptocurrency exchange Binance announced in a blog post on Nov. 28 that it partnered with crypto travel startup TravelByBit to launch a rewards card that facilitates crypto payments on major travel websites. Per the announcement, the card will function like a traditional prepaid card with access to additional discounts and rewards that users will…

Crypto On Black Friday
Earn and Spend Crypto On Black Friday 1024 500 Crypto Rand Group

Earn and Spend Crypto On Black Friday

The holiday shopping season is upon us, and bitcoin users now have more opportunities than ever before to spend and earn their digital loot.  Many cryptocurrency exchanges slash rates and trading fees over the long Thanksgiving weekend in the U.S. Plus, Binance US CEO Catherine Coley said the exchange’s referral program, for traders helping friends…

Ghana May Launch a Digital Currency 1024 500 Crypto Rand Group

Ghana May Launch a Digital Currency

Ghana is joining the ranks of nations eyeing the launch of a central bank digital currency. The governor of the West African nation’s central bank, Ernest Addison, said Tuesday that Ghana could issue a digital form of the nation’s currency, the cedi, in the “near future” and is in talks to develop a pilot project…

Upbit hack
Upbit hack, $79M flying from exchange’s account 1024 500 Crypto Rand Group

Upbit hack, $79M flying from exchange’s account

A $79 million hack on market-leading crypto exchange platform Upbit is placing South Korean users in a “state of confusion”. Per Chosun, a series of large altcoin transfers were made out of Upbit accounts at just after 1pm KST (4:00 UTC ) on November 27, including some USD 50 million worth of ETH, and smaller…

CFTC administrative penalties
CFTC gaining $1.3B for administrative penalties in 2019 1024 500 Crypto Rand Group

CFTC gaining $1.3B for administrative penalties in 2019

The United States Commodity Futures Trading Commission (CFTC) has obtained over $1.3 billion in administrative penalties in the fiscal year 2019, which included funds collected from cryptocurrency operators. According to the CFTC’s annual report for the 2019 financial year, the regulator obtained monetary relief in its enforcement actions — including in the form of civil…

Bitbay
BitBay to delist Monero to fit AML requirement 1024 500 Crypto Rand Group

BitBay to delist Monero to fit AML requirement

Monero, privacy-focused cryptocurrency, is being delisted from one of the top digital asset exchanges in Eastern Europe, Bitbay, to align with international anti-money-laundering standards. Estonia-based BitBay announced Monday that monero (XML) will no longer be tradeable from Feb. 19, 2020. However, the crypto exchange is to cease deposits of XML as of this Friday, Nov.…