Deutsche Borse’s Xetra Exchange Lists First Crypto-Oriented Company, Advanced Blockchain AG

Deutsche Borse’s Xetra Exchange Lists First Crypto-Oriented Company, Advanced Blockchain AG

Leading financial asset firm for stocks, bonds and funds, a Deutsche Borse trading platform Xetra, on July 1st listed its first ever blockchain company.

German media outlet DGAP.de reported on Monday that the shares in the firm, Advanced Blockchain AG, will be readily available for trade on Xetra starting from today.

Drive Towards Blockchain

The listing of the blockchain company is a sequel to the company’s launch on the Frankfurt Stock Exchange earlier in January.

The blockchain industry is gradually gaining momentum throughout the world, and nobody wants to be left behind, especially not European firms. German-based Advanced Blockchain specializes in developing distributed ledger (DLT) software for businesses, according to DGAP.

Along with its associate company Nakamoto GmbH, the company has developed a revolutionary project called Peaq, which is specially designed to provide a blockchain base layer for interested companies and establishments.

The company is also developing a directed acyclic graph (DAG)-based blockchain called DAG, which after its completion will be used for a number of projects in industries such as the Information and Technology, Automobile, financial and not forgetting the engineering industry.

Blockchain in Europe

European nations are gradually tilting entirely towards the blockchain technology, with its transparency and versatility is one of the many reasons why most firms on the continent are now aligning themselves with the crypto invention.

Germany, being one of the leading nations on the continent won’t be contented to sit at the edge and as such, supported start-up and established blockchain firms. In May Advanced Blockchain made Forbes List of “10 Blockchain Companies to Watch in 2019,’” and was placed at number 2.

Meanwhile, the German authorities are looking into the activities of exchanges and cryptocurrency platforms, in a bid to regulate their operations and conform them to internationally acceptable standards.

Bitcoin Exchange Guide.com in December reported that the German BaFin regulator issued a stern warning to crypto exchanges, especially on their ICO, and warns that the country will not accept any form of operations that is not in conformity with the international standards.

Under the new proposed regulation, initial coin offerings and other similar offerings will start to fall directly under the supervision of the government-thereby subjecting cryptocurrency products to the same international standards as other conventional fiat offerings.

Although, analysts are of the opinion that since the fiat offerings differ completely to the ICO’s, it might be pretty difficult to shield both of them under the same rules and regulations.

The regulatory agency however maintained that law and order must be maintained in the cryptocurrency market so that the industry will not become an avenue for financial criminals who specializes in money laundering and other financial crimes.

German authorities are bent on regulating the crypto sector due to the prevalent criminal activities in the industry. The government believes that, by regulating the industry, it will be safer for the citizens to invest and harder for criminals to penetrate, as all the former loopholes would have been patched.

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Author: Ogwu Emma

ESET Cybersecurity Researchers Discover A Virtual Crypto Mining Threat ‘LoudMiner’

ESET-Researchers-Discover-A-Virtual-Crypto-Mining-Threat

Cyber Security Researchers at ESET- a cyber security firm- have uncovered a new threat in the form of a persistent and unusual mining software, which as of now has been categorized as Malware and has been dubbed- “LoudMiner”, Cointelegraph reports.

ESET says that LoudMiner utilizes a virtualization software on Windows and QEMU on macOS — to mine crypto on a Tiny Core Linux virtual machine, and has the capacity to infect computers from different operating systems.

The miner operates within pirated applications and comes packaged with virtualization software,a Linux image and additional files.

The miner allegedly utilizes XMRig which is an open source software that is utilized in mining Monero, the privacy focused altcoin. It also uses a mining pool, therefore reportedly preventing the researchers from retracing any transactions.

The report released by the researchers indicate that for macOS as well as windows, the fraudulent miner operates within pirated apps that are shoved together with virtualization software a Linux image and additional files.

When one downloads desired software, LoudMiner is installed first but hides itself and will only be noticed after rebooting. The Linux virtual machine is launched and the mining starts.

ESET said that the miner affects apps that deal with audio production that mostly operate on computers that have high processing power, whose high CPU consumption due to crypto mining activities, will not make the users suspicious.

In addition, the fraudsters also take advantage of the fact that such complicated apps are mostly complex and enormous so as to hide their virtual machine images. The digital technologists added:

“The decision to use virtual machines instead of a leaner solution is quite remarkable and this is not something we routinely see.”

At the moment ESET had discovered three strains of the miner targeted at macOS systems, and just one for Windows thus far.

The researchers said that in order to identify a particular mining session, a file containing the IP address of the machine and the day’s date is created by the ‘idgenerator’ script and its output is sent to the C2 server by the “updater.sh script.”

Quit Downloading Pirated Commercial Software

To avoid the threat, age-old advice applies: Don’t download pirated copies of commercial software.

Nonetheless, the researchers Malik also offered some hints to identify when an application contains unwanted code. Red flags include a trust popup from an unexpected, ‘additional’ installer; high CPU consumption by a process one did not install (QEMU or VirtualBox in this case); a new service added to the startup services list; and network connections to curious domain names (such as system-update info or system-check services).

“The decision to use virtual machines instead of a leaner solution is quite remarkable and this is not something we routinely see.”- said the researchers.

What’s your take on the discovery of the crypto mining threat? Let us know in the comments section.

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Author: Joseph Kibe

Crypto Analytics Firm Longhash Gives Tether (USDT) Stablecoin a 90 of 100 Health Score

Crypto Analytics Firm Longhash Gives Tether (USDT) Stablecoin a 90 of 100 Health Score

The first half of the year has already passed by; thus, we can gain a firm perspective of how the crypto space trends are over the past six months. Looking at Bitcoin, it has gone up by more than 140%, but for the crypto exchanges in the market, they are still vulnerable and are currently on the face of things. The Tether token is still in between the controversy that is taking place.

The Tether Controversy is Still Taking Place

Last year the token closed with allegations of the lack for one-for-one dollar backing. As a result, it was finding itself in the middle of the heated controversy. A token that many would think it is more than healthy within the crypto space, but with the recent report published, it seems to be stating otherwise.

One of the crypto analysists firms, Longhash, imparted a health score that was about 90 out of the 100 to the current stablecoin that is being accused of having fractional banking. According to this classified, the Tether token is being classified as being very healthy within the crypto space.

Longhash used a fivefold metric to establish the health of the said token, and this is where the firm went ahead to state that USDT was actually faring very well from the five metrics presented. The report was keenly looking at the stability of the token in terms of the price fluctuations.

The second key metric that was used in the analysis is the use and acceptance of the token; this was based on the volume and the number of exchanges taking place between the pairs. The other metrics they looked into was risk resistance against the volatile crypto market, growth of the coin, long term performance, all this relative to the tokens market capitalization.

Looking at the Gemini USD

Gemini USD was launched by Winklevoss twins and was able to score about 78. But this is not it as it was able to outscore the stablecoin senior when comparing the stability and practicability. But the coin feels a little short when looking at the market acceptance and the overall growth.

When looking at the distribution, the Tether coin was described as being concentrated. The reason being half of its current supply is on Binance, a crypto exchange that has been considered to be the largest in the world. However, despite this lopsided supply, it seems the USDT is fairing on much better than the stablecoin counterparts.

“Could the actions of iFinex eventually cause USDT to crash? It’s possible. But at least according to the data that we currently have, we think USDT is in extremely good health.”

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Author: Bitcoin Exchange Guide News Team

BabelFinance: We Have Given Out $110 Million in Crypto Loans Mostly to Chinese Entrepreneurs

BabelFinance

BabelFinance, a crypto financing firm reported on Wednesday that it had given out about $110 million in form of crypto loans since inception in July 2018. The company says that most of its loans have been offered to Chinese entrepreneurs.

The company has majorly focused on the Asian markets and has seen its fortunes increase especially after it changed its name from BabelBank to BabelFinance. The statement from the company indicated that at one day a total $18 million crypto loans were issued in a single day. The financial institution indicates that it currently has an outstanding loan balance of $88 million.

Flex Yang, BabelFinance founder and CEO, said that there is an increase of demand for cryptos in the world, especially in Asia. Yang explained that there has been a drastic increase in speculative borrowing in the last few months both by institutions and individuals. The CEO says that the trend signifies that the majority of crypto traders expect the prices to go high in the coming days.

The Booming Crypto Financing Companies

BabelFinance is based in Hong Kong and provides various crypto related services such as digital assets management, handling deposits as well as loans. The company has developed tremendously and is a major household name among crypto enthusiasts. Due to its growth, various renowned crypto investors are now swimming the region to get a piece of the pie. The key names in the region comprise of ZhenFund, NEO Global Capital as well as Lightspeed China Partners.

Crypto lending firms are just a few crypto-based players that have gone against the bearish year long crypto market and recorded increased returns. There is an increased demand for loans against cryptos in the world as the trend in Asia can be seen in other regions.

BabelFinance is not the only crypto lending firm to register positive results this year. According to Finance Magnates, Genesis Global Trading gave out $425 million worth of loans to its customers in the first quarter of 2019. Totally, Genesis has written $1.8 billion in loans from March 2018.

BabelFinance expects the demand for crypto loans to keep rising. Yang explained:

“We anticipate to loan out more than a $1bn, or even $2bn, by the end of the next bull strike run.”

In efforts to expand in the crypto industry, BabelFinance is contemplating opening a branch that will deal with decentralized finance research. The company says that this will help in bridging the gap that exists in traditional finance and the crypto economy.

Yang believes its the company’s corporate responsibility to back innovation in the sector with good financial tools as well as solutions. The founder believes that the crypto market is on the rise but there is a need for better tools to lure mainstream support and adoption. He says that the rebranding of his company is not only meant for a name change but also increase the number of services offered.

Do you think the current bull run in the crypto market is fuelling the appetite for crypto loans? Share with us in the comments section.

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Author: Joseph Kibe

Live Planet’s Blockchain Division Welcomes Departing 20th Century Fox Film CTO to Work on VideoCoin Network

Former-20th-Century-Fox-Film-Industry-Veteran-Joins-Live-Planets-Blockchain-Powered-Division
  • Live Planet, Inc., a media technologies firm, will be joined by Hanno Basse, a former Chief Technology Officer (CTO) with 20th Century Fox Film Corporation.
  • Basse will be joining the Los Angeles based corporation, bringing his wealth of experience as he assumes the position of Live Planet’s Decentralized Media Solutions division, as president.

Traditional Institutions and Firms Considering Adopting Blockchain and Crypto-based Solutions

A few traditional institutions are known to be actively considering cryptocurrency and blockchain solutions as additions to their business, in recent times.

Some have already begun implementing these new solutions while others are reportedly still on the drawing board or in the testing phase.

Facebook, for example, is set to launch its own cryptocurrency called GlobalCoin and as part of its process to secure a space in the growing cryptosphere, the social media giant employed two former compliance managers from one of the biggest crypto exchanges in the world, Coinbase.

Live Planet Secures 20th Century’s CTO

In the practice of employee cross-carpeting, a new move has been announced as an addition to one of the major creators of next-generation media technologies, Live Planet Inc. According to a press release on the 11th of June, the media technologies firm will be joined by Hanno Basse, a former Chief Technology Officer (CTO) with 20th Century Fox Film Corporation.

Basse will be joining the Los Angeles based corporation, bringing his wealth of experience as he assumes the position of Live Planet’s Decentralized Media Solutions division, as president. Basse is a well-known technology expert in Hollywood and is expected to improve on Live Planet’s current solutions and probably add new ones as well. Some of Live Planet’s current efforts include an end-to-end virtual reality (VR) service for streaming videos as well as the VideoCoin network, a video infrastructure platform based on blockchain technology.

Live Planet CEO, Halsey Minor, has expressed quite a bit of optimism at the possibilities that will stem from the new addition. Minor said:

“I’m absolutely thrilled to mark the next stage of growth for Live Planet with the addition of Hanno to our world-class team of media and technology experts. Hanno brings a truly unique level of senior experience to Live Planet that will be extremely valuable to us as we help our customers meet the increasing demands of streaming video and next-generation on-demand services.”

Hanno Basse

Basse has a long track record of contributing to certain key innovations in the film industry. He was one of the key figures responsible for the forging of strong partnerships with major companies like Samsung, Barco and Ericsson. During his time at Fox, Basse was the first chairman of the UHD Alliance and played a pivotal role in the launch of the 4k-UHD Blu-Ray Disc format and the High Dynamic Range (HDR) as well.

Cryptocurrency and Blockchain in Other Film Industries

PewDiePie who until very recently had the YouTube channel with the most subscribers, (currently over 96 million with 3,864 videos) has revealed his decision to join a blockchain video service known as Dlive and begin streaming there. Dlive is powered by the Lino blockchain and seeks to pay content creators as well as viewers, for the effort and contribution to the platform. These creators and viewers will be paid in Lino tokens, the blockchain’s native cryptocurrency.

A little over a week ago, Brazil’s National Bank for Economic and Social Development (BNDES) was announced to be creating a documentary film which will mostly be funded via its own ether-based stablecoin called the BNDES token. The film will be produced in collaboration with a production company known as Elo Company who’s “The Boy and the World” movie by Alê Abreu successfully snagged a nomination at the Academy Awards in 2016.

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Author: Tolu

WSJ Reports SoFi Online Lender Company to Have Multiple Executives Depart

WSJ-Reports-SoFi-Online-Lender-Company-to-Have-Multiple-Executives-Depart

Three Top Execs To Leave Online Lending Platform SoFi

SoFi, a fintech startup firm in the online lending services industry, has recently seen three of its top executives departing, as reported by the Wall Street Journal.

The company had great plans for the year. SoFi has started a partnership with Coinbase this year, the largest exchange of the U. S. Because of the partnership, the company was set to roll out crypto trading support.

Now, however, three execs left the company. They were Kevin Moss (head of risk), Ashish Jain (top capital markets exec) and Joanne Bradford (marketing chief). They were all working on the company for a long time and they revealed to the CEO Anthony Noto this week that they plan to leave their current job positions at SoFi.

About The Executives Leaving

Bradford worked for both Yahoo and Pinterest before arriving at SoFi, so he was very experienced. He oversaw the marketing of the company while he worked there.

Moss came from Wells Fargo, where he worked as an executive before. He is the one who set up the lending standards of the company, while Jain managed all the interactions between the company and the banks directly.

At the moment, we only know that Lauren Stafford Webb, who worked on Zynga before, and Jennifer Nuckles will take over the role that was originally held by Bradford. The people who will be the successors of the other two were still not announced at the time of this report.

The Future Of SoFi

At the moment, it looks like SoFi is set to continue working as it has always been. The impact of three very important people leaving the company will certainly not be meaningless, but the truth is that it may cause some unforeseen trouble.

Now, we have to look carefully at the company to see whether it will continue its usual plans for moving forward of if these key figures leaving the company will actually end up being a problem for SoFi.

SoFi was able to raise half a billion USD from its funding round last month, though, so it is hard to say that it will be in trouble with all that money around. At the moment, the company is valued at $4.3 billion USD.

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Author: Gabriel M

Susquehanna’s Bart Smith Discusses Bitcoin Price Rally, Defending Its Volatility and Its Inherent Risk

Susquehanna's Bart Smith Discusses Bitcoin Price Rally, Defending Its Volatility and Its Inherent Risk

Bart Smith, a crypto analyst and the Head of Digital Assets at financial services firm, Susquehanna, has said that even though there are quite a few factors that contributed to the recent Bitcoin price rally, the asset is still significantly speculative.

Speaking during an interview on CNBC’s Squawk Box, Smith discussed a few issues surrounding the world’s largest cryptocurrency.

On Why Bitcoin Surged

According to Smith, there are a few reasons why Bitcoin was able to shoot as high as it did and these reasons are considerably interconnected.

A factor which has been corroborated quite a few times by some leading industry analysts is the ongoing trade war currently being fought between the United States and China. It is said that people began predicting that the Yuan will be negatively affected and decided to shift base to Bitcoin. This shift, among other things, caused Bitcoin to rise.

Smith also believes that the recently held Consensus conference might also be a factor to be considered with Bitcoin’s surge. According to him, all the publicity, promotion and advertising done in anticipation of the conference did a lot to keep Bitcoin and crypto in general, on the lips of many people. This, unsurprisingly, may also have helped the coin to shoot up as press was quite favourable.

There is also the news that Fidelity Investment, a key asset management firm, is also making serious plans to begin Bitcoin trading very soon. Reports have it that when it begins, the firm will allow financial institutions exclusively and will not allow individual clients just yet.

The decision made by Fidelity could be a direct action from a recently concluded survey where the firm found that about half of all institutions view cryptocurrency as a viable financial invention to be used sometime in the future.

On Bitcoin’s Volatility

It has been said times without number, that the fact that Bitcoin is very unstable and volatile would affect its future as a widely accepted form of payment. This opinion has been supported by the Congressional Research Service (CRS) as well Richard Fisher, a contributor for CNBC.

Smith however defended the asset without completely dismissing its volatility, arguing that the market still has a lot of room to develop and possibly grow out of it high volatility. According to him:

“People who are bearish on that would say it’s too volatile. I would argue that it’s kind of in a nascent phase and if a broader adoption occurred, the volatility would damper.”

Smith also believes that the recent Bitcoin surge and its generally impressive trajectory that has been upheld so far this year, will definitely help its chances as the atmosphere is generally a bullish one. Smith explained this by pointing out that

“there is a lot of optimism from people within the Bitcoin community over the things that happened in recent months. And I think that is reflective in the price.”

Bitcoin, according to most analysts and experts is still expected to rise and do better numbers. Many people are looking forward to the Bitcoin halving that is expected to happen in May next year, as a major push for a price surge.

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Author: Tolu