Thursday, April 25, 2019

SEC Recruits Crypto Analyst / Mining Malware / Samsung Ledger Investment / Views ADs, Receive Crypto

Inside Bitcoin presented by O'Reilly. $BTC (1:08 p.m. EST): $5,514.08 (0.76%) // 90-day high: $5,642.04 // 90-day low: $3,977.81 / / More… $BCH ABC (1:09 p.m. EST): $282.03 (3.06%) // 90-day high: $342.87// 90-day low: $108.89 // More…
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$BTC (1:08 p.m. EST): $5,514.08 (0.76%) // 90-day high: $5,642.04 // 90-day low: $3,977.81 / / More

$BCH ABC (1:09 p.m. EST): $282.03 (3.06%) // 90-day high: $342.87// 90-day low: $108.89 // More

$ETH (1:09 p.m. EST): $165.53 (1.09%) // 90-day high: $184.38 // 90-day low: $102.93 // More

$LTC (1:09 p.m. EST): $74.18 (2.80%) // 90-day high: $97.50 // 90-day low: $59.33 // More

$XRP (1:09 p.m. EST): $0.30 (1.48%) // 90-day high: $0.37 // 90-day low: $0.29 // More

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1. The Securities Exchange Commission wants to hire a cryptocurrency analyst. The position will coordinate with the staff to establish a comprehensive plan to address crypto and digital asset securities, serve as the point of contact for domestic and international regulators, and provide expert level comment on policy and work streams. Once confirmed, the candidate will have a role in the Bitcoin ETF decision that was proposed by CBOE, Bitwise and NYSE Arca. -AMB CRYPTO

SEC hiring a crypto analyst
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2. An email-linked virus known as Beapy is hijacking computers across the world to mine cryptocurrency. Beapy uses malware leaked from the NSA to infect the computers of users who open a malicious Excel spreadsheet linked in an email. If the recipient clicks the Excel file, a second NSA-built exploit DoublePulsar is downloaded onto the computer. That tool opens a backdoor that allows remote hackers to download a coinminer, which can use the compter's processing power to mine coins. 80% of the reported cases so far have come from users in China. -TECHCRUNCH

Mining walware
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3. Samsung invested $2.9 million into hardware crypto wallet Ledger, valuing the company at $290 million. Following last week's news that Samsung plans to build its own blockchain, the South Korean conglomerate has continued to invest time and assets into the cryptocurrency market. Ledger is an industry leading hardware wallet based in France that is designed to protect cryptocurrency holders from hacks. Ledger allows users to transfer their cryptocurrency holdings from their digital wallets offline to a cold wallet USB drive that is not connected to the internet. -CRYPTOCURRENCY NEWS

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4. Brave delivered on its ICO promise and is paying users in its native cryptocurrency, but only once they watch an online advertisement through its web browser. Brave's price has jumped 220% in 2019 on some exchanges. The jump coincides with continued development and usage of the platform. Users receive 70% of the the ad revenue while Brave keeps 3% for itself. -COIN DESK

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5. Nike has filed a patent for 'cryptokicks', described as an online marketplace for footwear and clothing -@JOSHGERBEN

6. Bitcoin's on-chain economic activity and transaction outputs are 30% higher now than when it was priced at $20k. -BITCOINIST

7. New York convicted two criminals who were using cryptocurrency to launder and accept payments on the dark web for controlled substances. -BITCOIN MAGAZINE

8. Sidestepping international economic sanctions, North Korea is using cryptocurrency to fund its weapons program. -VOA NEWS

9. French finance firm Societe Generale issued $110 million worth of bonds as a security on a public Ethereum blockchain. -CRYPTO DAILY

10) Throwback Thursday:

In March 2018, Google and Facebook banned cryptocurrency companies from advertising on their platform. The ICO bubble, which saw projects raise $2.8 billion in the prior two months, led to the ban. Google and Facebook, among others, feared that some ICO's misled investors with their advertisements. Most of the projects that raised money during last year's ICO chaos have yet to launch their products, which seems to validate the decisions by Facebook and Google to disallow crypto ads. Many consumers and users of the platforms lauded this move at the time, as many timelines and streams became overrun by companies with unlimited money sponsoring crypto posts through the platform or through social influencers. In the summer of 2018, Google and later Facebook reversed their bans and allowed crypto companies to run ads on their platforms, but only after the companies went through an approval process. -RECODE

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Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny.

Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside); Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram); and David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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