Report: crypto ransomware rose 200% from 2018 to 2019 / SAMA deploys blockchain for fund transfer / Crypto Masterclass

Inside Cryptocurrency .

Inside.com Part of   Network June 08, 2020

Hey everyone! Today's newsletter: Report: ransomware by crypto hackers rose 200% from 2018 to 2019. SAMA deploys blockchain for fund transfer. Crypto Masterclass, featuring Wu Xiaoling, former vice-president of the People's Bank of China (PBoC), who talks about the "commercial success" of Bitcoin. A reminder: If you subscribe to our premium content, you'll receive Inside Cryptocurrency ad-free five days a week, along with features like our daily Masterclass, interviews with crypto experts, and the latest studies and reports on crypto. Right now, we're offering 50% off of our monthly plan (only a few slots left!) if you use the promo code Crypto50. Click here to upgrade to premium! Best, Rebecca

Market Watch Monday trading sees Bitcoin steadily gaining on the $10,000 mark. Yesterday saw its price dip down to $9,400; however, it's back up today at over $9,700. Bitcoin $9,720 +0.76% Ethereum $244 +0.77% Tether $0.999 -0.23% XRP $0.202 -0.04% Top 100 Winner: Divi $0.052 +10.01% Top 100 Loser: Xensor $0.052 -6.97% Prices are as of 3:00 p.m. ET.

A new report shows that ransomware by crypto hackers rose 200% from 2018 to 2019. To find out more, sign up for Inside Crypto Premium. Simply use the code Crypto50 to get 50 percent off. Click here to upgrade to premium! UPGRADE TO INSIDE CRYPTO PREMIUM

Saudi Arabia's central bank transfers funds to local banks using the blockchain. To find out more, sign up for Inside Crypto Premium. Simply use the code Crypto50 to get 50 percent off. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Wu Xiaoling, former vice-president of the People's Bank of China (PBoC), who talks about the "commercial success" of Bitcoin. "Bitcoin is the most successful commercial application of blockchain technology." To get more of Xiaoling's views and receive our Masterclass every day, sign up for Inside Crypto Premium. To take advantage of 50% off on monthly plans, simply use the code Crypto50. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Here's what Charles Hoskinson thinks of crypto during a recent ask-me-anything (AMA)... To find out more, sign up for Inside Crypto Premium. Simply use the code Crypto50 to get 50 percent off. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Regulatory clarity will push toward tokenization, according to Robert Cooper, the CEO of security token custodian Digivault. In an interview, he said that regulators make up the first "domino," which is needed for widespread tokenization. In his view, this domino is beginning to wobble. He added that regulation is one of the biggest steps to take as regulators are realizing that the crypto market is not going away. More: This post by eToro, a social trading and multi-asset brokerage company, explains tokenization. Crypto bank SEBA teamed up with Tokensoft in May to offer asset tokenization solutions later this year. Last July, the U.K.'s Financial Conduct Authority (FCA) provided clarity on the regulation of security tokens in the country. COINTELEGRAPH

Simon Dedic, the co-founder of Blockfyre, a crypto analysis company, believes that a bull run will send Bitcoin to $150,000. In a tweet, Dedic indicated that the 2017 crypto bull run, which saw Bitcoin's price rise to $20,000, was a time when people could buy any altcoin and it would be a good investment. He doesn't think this will happen again. Pointing to solid coins with high market capitalizations, he is of the opinion that Ethereum will jump from its current value of around $244 to $9,000, whereas Binance Coin will increase from $17.41 to $500. @SCOINALDO/TWITTER

This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Editor Jonathan Harris is a writer for Inside.com. Previously, he wrote for The Huffington Post, TakePart.com, and the YouTube channel What’s Trending.

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