Malware exploits weak passwords in PostgreSQL for cryptojacking
Up to 800,000 internet-connected databases could be vulnerable to crypto-mining malware that will use their computing capacity.
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Automated market makers are dead
Billions of dollars have flowed into decentralized exchange protocols based on the automated market maker (AMM) model, which bootstraps network effects by incentivizing liquidity with project tokens, thereby creating a self-contained ecosystem of traders and yield earners.This mechanism has allowed decentralized exchanges (DEXs) to compete for the first time with centralized counterparts, such as Coinbase,…
Mexican exchange Bitso raises $62M to help fund international expansion
The Latin American exchange has raised $62 million in a Series B funding round led by the investment funds Kaszek Ventures and QED Investors. 887 Total views 1 Total shares Bitso, the biggest crypto exchange in Latin America, has raised $62 million dollars in a series B funding round.Bitso plans to use the funding to…
Stellar Foundation Appoints Former Mozilla COO as CEO and Executive Director
The Stellar Development Foundation announced the appointment of former chief operating officer at IT non-profit Mozilla, Denelle Dixon, as its new CEO and executive director. The company announced the event via a press release published on March 14.The current executive director and co-founder of the foundation, Jed McCaleb, will now focus on the network protocol…
Price analysis 3/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Bitcoin (BTC) led a sharp sell-off in the cryptocurrency markets on March 9 as the woes at Silvergate Bank and Silicon Valley Bank dented investor sentiment. In addition, crypto-specific news of a suit filed by New York Attorney General Letitia James against cryptocurrency exchange KuCoin for selling securities and commodities without registration increased uncertainty about the…
Shanghai Man: Chainlink hackathon, OKExChain nets $2B TVL, and Tencent unveils ‘magic’ NFT platform
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Much like last week, China’s minor COVID flareups dominated the headlines as the country seeks to avoid more serious lockdowns. Cryptocurrency managed to stay…
Citigroup to Let Investors Trade Custodian-Held Cryptocurrency, Sources Claim
U.S. multinational bank Citigroup is developing a cryptocurrency product to give institutional investors access to crypto markets without owning cryptoassets directly, anonymous sources told Business Insider September 9.Citigroup, which had previously taken a centralized approach to cryptocurrency, will reportedly use a revamped version of the American Depositary Receipts (ADR) – a type of security issued…
HitBTC Account Freezes in Spotlight as Trace Mayer, John McAfee Claim Foul Play
Cryptocurrency exchange HitBTC has yet to respond to accusations it deliberately froze account withdrawals on Jan. 1, days prior to entrepreneur Trace Mayer’s Proof of Keys event.In a series of tweets, Mayer joined names such as crypto advocate John McAfee in voicing concern and even suspicion about HitBTC after users reported being unable to withdraw…
The IRS Is Blindly Coming After Cryptocurrency Traders — Here’s Why
Over the past month, we have seen the IRS, the tax collecting agency of the United States, send out more than 10,000 warning and action letters to suspected cryptocurrency holders and traders who may have misreported digital assets on their tax returns. Letters like the 6174-A, 6173 and CP2000 have appeared in the mailboxes of…