New Crypto Mining Malware Targeting Corporate Networks, Says Kaspersky

Researchers at Kaspersky Lab have uncovered a new form of cryptojacking malware targeting corporations in multiple countries, the cybersecurity firm reported Thursday.

PowerGhost, a form of fileless malware – which uses a system’s native processes to hijack a computer – has reportedly been spreading on corporate networks in India, Brazil, Colombia and Turkey.

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Crypto Exchange Coincheck’s Owner Monex Reveals Plans to Open US Trading Platform

Online broker Monex Group, which bought out hacked Japanese cryptocurrency exchange Coincheck this spring, plans to launch a U.S.-based trading platform, Cointelegraph Japan reported today, July 27.

A summary of data from a financial briefing held Friday confirms plans to establish TradeStation Crypto Inc. as a cryptocurrency-focused subsidiary of securities brokerage firm TradeStation,

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Mastercard CEO Calls Crypto “Junk” for Lack of Transparency and Stability

The president and CEO of Mastercard has called cryptocurrencies “junk,” arguing that they don’t deserve to be considered as a medium of exchange.

Ajay Banga was making his comments at the New India Lecture organized by the Indian Consulate in New York in partnership with the U.S.-India Strategic Partnership Forum (USISPF). His remarks come after the news that Mastercard secured a potentially game-changing digital currency patent capable of allowing virtual and fiat currency transactions on the same network.

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Crypto Markets Surpasses $300 Billion; Did ETF Cause Bitcoin to Rally?


The valuation of the crypto market has surpassed the $300 billion mark, as bitcoin recovered to $8,200 and small cryptocurrencies experienced a spike in value over the past 48 hours.

Slight Decline in Momentum

On July 25, at its peak, the price of bitcoin achieved $8,500,

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Swiss Crypto Mining Firm Faces Enforcement Action for Potentially Unauthorized ICO

The Swiss Financial Market Supervisory Authority (FINMA) has launched enforcement proceedings against crypto mining firm Envion AG over its potentially unauthorized token sale, according to a FINMA press release today, July 26.

Swiss-based Envion AG is an off-grid mining company that claims to use decentralized, clean energy to power its mobile mining units,

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Japanese Crypto Exchanges Working on Lowering Margin Trading Limits

Exchanges

Japanese cryptocurrency exchanges may soon set a strict limit on the leverage they offer for margin trading in order to better protect investors. The association comprised of 16 government-approved crypto exchanges is reportedly imposing a leverage limit as part of its self-regulatory rules. There will be a grace period and exceptions.

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Korean Authorities to Legitimize Crypto Market as Soon as Possible to Prevent Hacks

The government of South Korea and local financial authorities are planning to pass the country’s first crypto and blockchain legislation as early as possible, to legitimize and strictly oversee the local cryptocurrency industry.

The newly drafted regulatory framework which covers a wide range of businesses and ventures from blockchain projects to crypto exchanges,

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Government of India to Recognize Crypto as a Payment Method, Experts Optimistic

Cryptocurrencies have found an unlikely ally in their quest to become legalized in India, following intense legal battles between companies, consumers, and the Reserve Bank of India. The recommendation to legalize crypto comes from the law commission of India, as they are a vital part of their case against a blanket ban on sports betting.

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Vietnamese Regulator Tells Firms and Funds to Stay Away From Crypto

Regulation

Vietnam’s securities watchdog has required local businesses not to engage in transactions with cryptocurrencies. The announcement follows a directive issued by the country’s prime minister earlier this year aimed at tightening what Vietnamese regulators call the management of crypto activities.

Also read: China Releases Ranking of 31 Crypto Projects

Securities Watchdog Asks Companies to Obey AML Rules

The State Securities Commission of Vietnam (SSC) has required relevant companies and funds not to engage in any issuance,

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J-Pop Star GACKT Caught Between Crypto Company Spindle and Minister’s Gaffe

News

Spindle, Japan’s largest ICO officially promoted by a J-Pop star, Gakuto Oshiro, (45) better known by his stage name GACKT, was the unnamed crypto company allegedly slammed by the FSA earlier this year, a weekly Japanese magazine revealed. The company, which began dealing its own cryptocurrency,

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Japan: Self-Regulatory Crypto Exchange Association Considers Margin Trade Limits to Stem Losses

The Japan Virtual Currency Exchange Association (JVCEA) said it wants to place restrictions on member exchanges’ margin trading. The news of the plans of Japan’s self-regulatory cryptocurrency body comes from a Chinese media report July 24.

Margin trading is the practice of borrowing money from the broker, used by crypto traders to buy or sell more cryptocurrency than they could afford on their own –

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China's Answer to Reddit Is Launching a Crypto Token

One of the oldest and most popular social networking platforms in China is launching its own crypto token in an apparent bid to boost declining user activity.

Tianya Club, an internet forum founded in 1999, announced on Wednesday it will launch the blockchain-based Tianyan Token (TYT) on Aug. 8 as a way to reward original content contributions and participation in community activities.

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Who Are the Brightest Minds in Crypto Featured Among Fortune’s ‘40 Under 40’

The world of finance is driven by some of the greatest minds out there, but every year we see new faces pop up on the list of the industry’s most influential.

This month, Fortune released their list of ‘40 under 40,’ a compendium of the most influential figures in the global business space.

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Japanese Crypto Exchanges Push for Limit on Margin Trading Borrowing

A self-regulatory organization formed by cryptocurrency exchanges in Japan is proposing a limit on how much investors can borrow when margin trading.

According to a report from Jiji Press on Tuesday, the Japan Virtual Currency Exchange Association (JVCEA) has suggested domestic trading platforms enforce a restriction that investors can only borrow up to four times their deposit.

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Indian Crypto Exchange Unocoin Suspends Fiat Deposits, Withdrawals in Wake of RBI Ban

Unocoin, a major Indian crypto wallet provider and exchange, has suspended rupee (INR) deposits and withdrawals “as per orders” from the country’s central bank, according to Unocoin’s blog post July 23.

Unocoin notified its customers that fiat deposits and withdrawals are “temporarily disabled” until “an alternative method of funding is identified and deployed.”

Meanwhile,

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Indian Crypto Regulation Ready by September: Official

News

The Indian government is expected to issue detailed cryptocurrency guidelines by September, a senior official from the country’s Ministry of Finance reportedly said. Consultations with all stakeholders including the central bank have already begun. This announcement is independent of the supreme court’s hearing of petitions relating to crypto regulation in India.

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Hong Kong Asset Management Firm Preparing to Launch Crypto Vault for HNWIs

An asset management firm from Hong Kong is preparing to launch a cryptocurrency custody service. The Fusang Vault, as the service will be called, is the brainchild of the Fusang Investment Office.

Fusang Vault Will Provide Custody Services for High Net-Worth Individuals

The Fusang Vault is expected to be launched in the fourth quarter of 2018.

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Japan May Play Leading Role in G20’s Crypto Regulatory Stance

Despite gaining legitimacy in the eyes of many more individuals across the world, cryptocurrencies are still a contested topic within regulatory circles, especially with the regulatory bodies of developed countries.

FSB: Crypto Assets Don’t Pose A Risk To Global Financial Stability

The Financial Stability Board (FSB) recently released a report highlighting cryptocurrencies or “crypto-assets” as the board likes to call them. 

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Asian Asset Management Firm to Launch Crypto Custody for Family Offices


Asian asset management firm Fusang Investment Office is set to launch a crypto asset custody service called Fusang Vault in Hong Kong.

The firm, which usually focuses its operations on private family offices in Hong Kong, Singapore and Malaysia, credits heightened interest in cryptocurrencies from high-net-worth individuals and institutional clients for the move.

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Don't Let the Crypto Circus in Congress Fool You

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative.

The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.

Progress?

Judging from the most eye-catching headlines from two separate hearings on Capitol Hill Wednesday,

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South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China

Regulation

South Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated to financial innovations that include cryptocurrencies is being set up. In addition, an agreement with Chinese authorities relating to crypto and initial coin offerings has also been reached.

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Crypto Week In Review: Sentiment Starts To Shift As Bitcoin Moves Up 15%

Sentiment regarding the cryptocurrency market took a large shift this past week, as Bitcoin rallied 15% due to a series of positive technical and fundamental indicators.

IBM To Use Stellar-Based Stablecoin For Faster Financial Payments

IBM, one of the largest technology firms in the world, has just announced that it will be exploring the utilization of a Stellar-based token for cross-border payments. 

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Bitcoin Price Booms, App Launches and Acquisitions: This Week in Crypto


Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes or wherever you get your podcasts.

Also make sure you check out last weeks interview with Bridge CEO Stephen Hyduchak.

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Bitcoin Makes Major Headway: CFA Exam Will Now Include Crypto Topics


Cryptocurrencies and blockchain technologies are making serious headway in the financial industry, the most recent sign being the decision by the CFA Institute, which offers the Chartered Financial Analyst designation, a three-level program, to include cryptocurrencies and blockchain to its Level I and II curriculums next year, according to Bloomberg.

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