The Latest News about Cryptocurrency

Crypto wallet provider Komodo effectively hacked itself to prevent fraudsters from accessing its users' funds, the company confirmed in a blog post on June 5.Security researchers had alerted the company to a vulnerability in its Agama wallet.

On June 1, Finnish peer-to-peer bitcoin trading platform LocalBitcoins quietly removed in-person cash trading from its service.

A U.S. Department of Energy science lab has been studying studying how well three popular cryptos performed in Reddit chats.

TrustToken, the stablecoin operator behind usd-pegged token trueusd, announced a partnership with major cryptocurrency exchange Binance in a press release shared with Cointelegraph on June 4.

The European Union is increasing the amount of data that can be reused as raw material for artificial intelligence and blockchain projects, the trading bloc announced in a news release on June 6.Officials hope the relaxed rules will "Boost the EU data economy, contribute to the development of a data-based society and stimulate growth."

View Bitcoin is struggling to produce a stronger price bounce, despite the defense of the 4-hour chart's 200-candle moving average - a sign of buyer exhaustion.

Cybersecurity firm Trend Micro has detected a major uptick in monero cryptojacking malware targeting China-based systems this spring.

Lubin spoke about the current technical capacity of Ethereum and what awaits the ecosystem in the near future.

Japanese app provider LINE Pay Corporation has inked a deal with Visa to create new fintech services for their retail and merchant customers.

Privacy-centric cryptocurrency Grin is finalizing its timeline for its first-ever network hard fork, according to a proposed timeline uploaded by Grin core developer Quentin Le Sceller to Github dev community forum Gitter on June 5.

Australia's tax agency, the Australian Tax Office, is investigating 12 major international tax avoidance schemes, with a key focus on cryptocurrency-enabled activities.

The head of Russian oil company Rosneft has not ruled out the possibility of paying for oil using cryptocurrencies in the future, according to a report by Snob.ru on June 6.Igor Sechin said the industry's acceptance and awareness of digital assets is beginning to rise as Silicon Valley tech giants including Google, Amazon and Apple begin to explore the oil and gas sector.

The Marshall Islands has set up a not-for-profit organization to oversee the Pacific nation's digital legal tender, the "Sovereign".

LINE Pay Corporation, the operator of fintech services on major Japanese messaging app LINE, is partnering with American payment services firm Visa on new blockchain and digital payments solutions.

Gold is known as one of the best long-term wealth storing assets during economic crises because of its reliably rare supply, which makes it maintain its value without much depreciation.

Two ethereum startups have teamed up to help bring bank account-like protection to users of the second-largest blockchain.

Drew Stone, a developer working on Edgeware, returned 2000 ETH to its rightful owner after the funds were mistakenly sent to the wrong smart contract on the Ethereum Mainnet.

Social media giant Facebook is said to reveal its own cryptocurrency later this month.

An experimental metric used to gauge the quantity and quality of activity on bitcoin's network clocked a 28-week high last Saturday, signaling the cryptocurrency's latest price rally may be more fundamentally driven than many expect.

Twitter user and malware researcher Fumik0 has discovered a new website that spreads cryptocurrency malware, according to a report by Bleeping Computer on June 5.According to the report, the host for transmitting these viruses is a website that imitates the website for Cryptohopper, a website where users can program tools to perform automatic cryptocurrency trading.

The recent surge-and drop-in bitcoin prices could have been helped by trends coming from the Asian market.

A fund of cryptocurrency investment bank Galaxy Digital led a $1.8 million seed funding round for Azure's blockchain-based gaming rewards platform, VentureBeat reports on June 5.Smart Challenge, Azure's gaming rewards platform, reportedly allows users to create and compete in challenges on the EOSIO blockchain protocol.

The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin is, and endorsed the suspension of a project that would create a crypto for indigenous people to use, Cointelegraph Brazil reported on June 4.Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the termination of a project worth $44.9 million Brazilian reals between the National Indian Foundation and the Federal Fluminense University, which promoted the creation of a cryptocurrency for indigenous people to use.

The folks that sell gold are a bit upset by Grayscale's Drop Gold advertising campaign.

Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5.Binance's Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins "In a matter of weeks to a month or two," with the goal to make stablecoins available for more of the world's currencies.

The United States Securities and Exchange Commission has filed fraud charges against supposed cryptocurrency firm Longfin Corp. and its CEO Venkata S. Meenavalli, according to a press release on June 5.Longfin saw a massive jump in its share price in 2017 when it claimed that it had redirected its business model toward blockchain technology.

Non-custodial peer-to-peer bitcoin exchange HodlHodl announced Lightning Network support in a Medium article published on June 5.The announcement claims that now "Everyone is able to buy bitcoins and receive them directly into their Lightning wallet & sell bitcoins directly from their Lightning wallet." The post also notes that the platform has previously tested Lightning Network support on the test network.

South Korean blockchain game startup Planetarium is planning to launch a test version of a new decentralized game, Nine Chronicles, later in this month.

Social media giant Facebook will reportedly announce its cryptocurrency project this month, allowing employees to take part of their salary in the coin, CNBC reports on June 5.

The U.S. Securities and Exchange Commission filed new charges against fintech company Longfin Corp. and its CEO, Venkata Meenavalli, alleging that the company committed fraud when it claimed to bring in more revenue than it had in order to secure an exchange listing for its shares.