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Fake Cryptocurrency Trading Site Pushes Crypto Stealing Malware




Malware distributors have setup a site that impersonates the legitimate Cryptohopper cryptocurrency trading platform in order to distribute malware payloads such as information-stealing Trojans, miners, and clipboard hijackers.

Cryptohopper is a trading platform where users can build models that will be used for automated trading of cryptocurrency on various markets.

In a new campaign discovered by malware researcher Fumik0_, attackers have created a replica of the Cryptohopper trading platform site that when visited will automatically download a Setup.exe executable as shown below.

This Setup.exe executable uses the CryptoHopper logo as its icon to make it seem like a legitimate offering from the trading platform, but is actually the Vidar information-stealing Trojan.

When executed, this Vidar variant will download required libraries and then install two Qulab trojans; one that acts as a miner and the other that acts as a clipper, or clipboard hijacker.

Due to the nature of the impersonated site, the potential for stolen credentials and 2 factor authentication information is particularly concerning.

As Cryptohopper is a cryptocurrency trading platform, if one of their users mistakenly goes to this fake site and installs the Trojan, their Cryptohopper credentials could be stolen and used to steal cryptocurrency stored on the platform.

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Binance Announces Open Blockchain Project ‘Venus’




Binance announced its plans to initiate an open blockchain project, Venus, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. Binance is looking to create new alliances and partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.

With its existing global blockchain ecosystem, Binance has already reserved its public chain technology and cross-border payment system for secure operations of new stablecoins. Since its launch last April, Binance Chain has been running securely and robustly and has issued a range of stablecoins, including a BTC-pegged stablecoin (BTCB) and the Binance BGBP Stable Coin (BGBP) pegged to the British Pound. Binance will provide full-process technical support, compliance risk control system and multi-dimensional cooperation network to build Venus, leveraging its existing infrastructure and regulatory establishments.

Binance welcomes additional government partners, companies and organizations with a strong interest and influence on a global scale to collaborate with us to build a new open alliance and sustainable community. We encourage like-minded people and organizations to contact us and discuss the infinite possibilities of the digital world together:

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Binance KYC Leak Highlights Importance of Personal Data Privacy



Changpeng Zhao

Last week, cryptocurrency exchange Binance, was at the center of a controversial KYC data leak that resulted in a massive portion of its customer’s personal data, privacy, and identity being put at risk.

While the company was quick to dismiss the leak and ensuing panic from its users as nothing more than FUD, calling it a “false KYC leak,” in the same official blog post Binance admits that their investigation is still ongoing, and while that the allegedly leaked photos didn’t include the crypto exchange’s digital watermark, all photos appeared to be tied to a month when Binance had outsourced their KYC process to another third-party firm.

Binance appears to be minimizing the situation in the public eye and deflecting any accountability of their own for not ensuring the third-party firm secured its customer’s data.


Hundreds of customer photos uploaded during Binance’s KYC process could be seen being scrolled through on a video recording of a Telegram channel where the photos were uploaded as part of a 300 BTC ransom hackers demanded from Binance – that they ultimately did not pay.

The once poster child of the crypto industry known for thwarting hackers and keeping funds “SAFU” has recently come under fire for barring US users from its exchange, only offering 2x margin on crypto trading, and now, leaking potentially thousand of customer’s data without taking any responsibility or apologizing to those affected in order to save its image.

Cyber Crime: Over 3 Billion Private Personal Records Leaked Last Year

The leak highlights the ever-increasing importance of personal data privacy in the digital age. Over 3.3 billion people were affected by personal data leaks in 2018, and the trend is only growing. In 2018, the equivalent of 291 different people’s personal data was leaked per second. Over 15 billion personal records have been leaked since 2013 when benchmarking first began.

As much as 65% of these leaks involve identify theft, which can involve credit issues, criminal allegations, tax liability, or worse. As much as 13% involve financial access, meaning that cyber criminals were able to directly access financial data and accounts, potentially draining accounts of their holdings – an incident that has become common in the cryptocurrency industry, and elsewhere on the internet.

In 2018 alone, the cryptocurrency industry was exposed to over $1 billion in exchange-related hacks, with nearly all of them involving some kind of data breach or lax security protocol. The rest of the internet is by no means different, with nearly every major internet company or publicly traded corporation experiencing some sort of major data leak over the last decade.

At the start of August, the Entertainment Software Association – a powerful company in the video game industry – leaked the personal data of thousands of industry professionals, journalists, and executives alike. The most alarming issue is that the ESA didn’t even hide this information behind any type of security, and ignored repeated attempts from users notifying the company of the security failure.


Neglect like the case with Binance or the ESA exists everywhere in the world and on the internet. Uploading personal data to platforms that aren’t secure is at the core of the issue.

Personal data is also easy to come by for cyber criminals, making the matter far worse and widespread. According to data, personal records can be obtained for as little as $30 on the dark web. This includes full name, social security number, date of birth, bank account numbers, and more. Driver’s licenses are only $20. Passports fetch up to $2,000 – still relatively cheap to access such important personally identifying data.

How To Protect Personal and Private Data in the Digital Age

Because the issue is so widespread and the trend is only growing each year, personal data protection will only become more important and difficult. Methods and tactics of cyber criminals will improve, and so should the security and safety that companies provide their customers. Better yet, personal data should be kept private, and not required over the internet where sensitive documentation can so easily be leaked.


New systems must ultimately be developed, but many companies can start improving their processes today by accepting responsibility and taking necessary steps to protect their customer’s personal data.

One example of a company taking additional steps to protect customer data is PrimeXBT. PrimeXBT is a Bitcoin-based margin trading platform featuring crypto assets (with up to 100x leverage) similar to Binance but also features traditional assets such as forex, commodities, stock indices, and more. The two worlds of digital and traditional finance coming together under one roof make PrimeXBT unique.

PrimeXBT combines the bank-grade security and focus on customer safety from traditional finance with the value of privacy that is the ethos of the crypto industry.

PrimeXBT requires no personal data to be uploaded at all, and ditches the time-consuming KYC process in favor of offering their customers privacy. The company has even in the past taken steps to move its trading infrastructure to Switzerland to ensure customer privacy remains the highest priority. It’s one of the few places that exist on the internet where there zero risk of personal data loss or leak, because no personal data is ever required.


In the digital age, personal data and privacy are constantly put at risk unnecessarily. Corporations and companies carelessly require this data, then don’t give it the proper protection or care that personal data and privacy deserves.

But until the public begins to vocalize their concerns over personal data and privacy and avoid companies that do not prioritize safety and security, or companies themselves begin to take additional steps and make investments in security, the issue will only grow more severe.

For now, all internet users must do due diligence when using any platform or website which requires personal information to be uploaded, and whenever possible, select a company or website that doesn’t require any personal or private information be uploaded at all.

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Seoul to Release Native Cryptocurrency by November in Blockchain Smart City Transition




Seoul is nearing several significant milestones in its journey towards becoming a blockchain smart city, blockinpress reports. By November, it aims to have the following in place:

  1. Public services accepting Korea’s national blockchain ID system as valid documentation.
  2. A blockchain system for managing part-time worker labour contracts, insurance and work history.
  3. A native city-wide cryptocurrency, dubbed S-coin.

According to blockinpress, S-coins will be redeemable for rewards and given to citizens when they use public services and participate in citizenship duties, such as paying taxes and participating in public opinion polls.

Beyond that, the potential applications of a digital currency such as S-coin are almost limitless, as a way of shaping people’s behaviour and streamlining interactions in the smart cities of the future.

The value of S-coin

To understand the value of the S-coin – the real rather than speculative value – it’s important to understand that one of the guiding principles of Seoul’s smart city program is to put engaged citizens at the centre of everything. After all, a city (and the entire planet for that matter) is for the benefit of its inhabitants first and foremost.

A native cryptocurrency is an excellent way of incentivising desirable behaviour in an organic way.

As people have previously said, government incentives have historically been oriented almost solely around punishments. Citizens behave because they get punished if they don’t. But just about every piece of behavioural research on the planet says a combination stick and carrot approach is by far the best way to instil desirable behaviour in humans and other animals.

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Miningzoo Bitcoin Cloud Mining Platform Appoints New CEO



Bitcoin Cloud Mining

The market’s most value-for-money bitcoin cloud mining service provider, Miningzoo, will have a new CEO starting from next week.

Mr. Jason Wu will be taking over the role on the 12th of August. He will be the first CEO of the budding and booming cloud mining platform, Miningzoo.

Miningzoo’s board of directors announced Wu’s appointment on Monday. He has over 18 years of experience in management and chief executive roles and until recently was the CEO of Milestown, a high-end mansion-renting platform, based in Shanghai.

In his years of experience working as a startup founder and company executive, Mr. Wu has held a variety of management positions, including the managing director of Trend (Beijing) Cultural Media Co. Ltd. and later the founder and CFO of ZhongfuXinhe Asset Management Ltd. He was an early bitcoin advocate and has been invested in crypto-related industries’ long-term prospects.

The board and shareholders of Miningzoo said in a statement that Jason Wu would bring skills “vital” to the Mining Platform’s future. Wu will design a comprehensive and executable business model that will be focused on “innovation, sustainability, collaboration, and long-term strategy decisions.” He brings valuable insights to the company and smoothes out the company’s financial and legal status.

“Backed by a finance degree and MBA, together with a career of 15 years of general management and CEO roles and 18 years of governance experience, Jason Wu is well equipped to drive the growth and development of Miningzoo,” they said.

Wu said he was attracted to the job by Miningzoo’s “strong balance sheet and very capable team.”

Since Miningzoo’s launch, the company’s revenue grew from scratch to $7 million in the 2019 financial year.

Miningzoo recorded 47, 000 registered users and 804,000 website visits. The company boasts 53,000 miners and employs 35 staff.

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Coinbase continues to explore support for new digital assets



Coinbase Says

Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws. Over time we expect our customers around the world will have access through Coinbase to at least 90% of the aggregate market cap of all digital assets in circulation. To make this vision a reality, we evaluate prospective assets against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world.

Digital Assets Under Review

Today we’re announcing that we are exploring the addition of a range of new assets. As part of the exploratory process, customers may see public-facing APIs and other signs that we are conducting engineering work to potentially support these assets.

These new assets include, in alphabetical order: Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves.

Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. We therefore cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction.

As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations. The omission of assets from this publication does not disqualify any asset from active review and potential listing.

Our customers can expect Coinbase to make future, similar announcements as we continue to explore the addition of numerous assets across the platform.

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PrimeXBT Meets Growing Demand for Bitcoin Margin Trading with New iOS App




Over the last few years, the popularity of margin trading in the crypto industry has grown extensively and blossomed into its own competitive space of well-established crypto exchanges all vying for a slice of the pie.

But one trading platform, again and again, stands out from the rest of the pack. PrimeXBT has repeatedly taken steps to improve its value proposition to traders in the market, offering advanced trading tools, and an ever-growing list of financial assets that include crypto, forex, commodities, stock indices, and more.

PrimeXBT Launches New iOS App Following Successful Android Launch

Ahead of even more features hitting the platform with a planned copy-trading module through a partnership with Covesting, PrimeXBT has rolled out the iOS version of their mobile app, following the success of the Android app release.

After the Android app released on the Google Play store, traders voiced their desire for PrimeXBT to launch an iOS counterpart, so iOS users could access the advanced trading platform while on the go from their iPhones and iPads. Apple devices are among the best selling smartphones and tablets on the market, with hundreds of millions of customers across the globe, many of which are PrimeXBT clients.

PrimeXBT quickly responded by providing traders with the tools they need most and launched an iOS app last week.

App Launch Represents Milestone Moment for PrimeXBT

The mobile app release represents a milestone for the brand – a culmination of months of work coming to a climax. PrimeXBT has expanded from five of the most popular crypto assets – Bitcoin, Ethereum, Ripple, Litecoin, and EOS – paired against USD, to a full slate of crypto/BTC pairs, commodities, stock indices, and 18 of the world’s most popular forex currencies.

The company also secured a partnership with Covesting to bring its cutting-edge copy-trading technology to PrimeXBT through the Covesting module. Soon, traders will be able to launch their own fund, amass a following, and discover new income streams from their regular trading daily activities.

Through regular, impactful updates, listening closely to their client’s needs, and providing the most stable and secure experience in the Bitcoin-based margin trading space, PrimeXBT has seen its trading volumes surge, and new user registrations spike.

The boost is two-fold, PrimeXBT is gaining popularity through word of mouth over the trading tools, assets, and lucrative referral system, but also due to traders fleeing BitMEX over fears of shutdown or worse.

What to Expect from the PrimeXBT iOS Application

The PrimeXBT iOS app has all of the same features of the desktop experience with a slightly modified UI that’s just as simple-to-use an easy-to-understand. All available assets are included for trading at up to 100x leverage (up to 500x for forex trading), and performance can be tracked in real-time.

Traders will be able to do everything from read charts, to place and modify orders, set stops and take profit prices, and so much more.

The iOS app is available on the Apple App Store for iPhone and iPad. An Android app is also available on the Google Play Store. Both are offered to clients for free as a courtesy from PrimeXBT and a genuine urge to give their clients the best possible options for success.

Because Bitcoin-based margin trading has grown into a sort of industry and competitive space of its own, it demonstrates just how far ahead the trading platform is compared to the rest of the participants in the market.

How PrimeXBT’s iOS Stacks Up to the Crypto Competition

The main leaders in this area, are BitMEX, PrimeXBT, ByBit, and Deribit. Other platforms such as Poloniex, OKEx, and even the recent addition of merging trading on Binance, offer anywhere from 2% to 5% leverage, making them a poor option for those seeking more from a trading platform.

Out of the Bitcoin-based margin trading leaders, only PrimeXBT and Deribit offer iOS applications for their clients to manage their positions and portfolio while on the go. Oftentimes, during extreme volatility, mobile sites can be difficult to work with making a native iOS or Android mobile app extremely valuable to traders. But only PrimeXBT and Deribit make things easy for their clients.

But when comparing Deribit to PrimeXBT in terms of overall features offered, there is no competition. While Deribit may not lack an iOS app as the others do, they only offer Bitcoin trading – no additional crypto assets or financial assets are included for trading on the app, or on the platform at all for that matter.

Due to the clear advantage PrimeXBT has over the others, the addition of the iOS app is the metaphorical icing on the cake of an already attractive trading platform, designed for the world’s best and most profitable traders.


With PrimeXBT so far ahead of the competition both in terms of accessibility and purely from a features perspective, the trading platform becomes the most logical choice for traders seeking the most from their trading experience.

From advanced trading tools, an iOS app, to an unparalleled diversification opportunity, and so much more, PrimeXBT should be a regular part of any trader’s arsenal of profit-generating tools, and this new iOS app makes it even easier and faster to access those tools.

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Tezos (XTZ) is launching on Coinbase Pro




On Monday August 5, transfer XTZ into your Coinbase Pro account ahead of trading. Support for XTZ will be available in Coinbase’s supported jurisdictions, with the exception of New York State. Additional regions may be added at a later date.

On Monday August 5, 2019, we will begin accepting inbound transfers of XTZ to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling full trading.

Once sufficient supply of XTZ is established on the platform, trading on the XTZ/USD, and XTZ/BTC order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met. Support for XTZ will be immediately available in Coinbase’s supported jurisdictions, with the exception of New York State. Additional jurisdictions may be added at a later date.

Tezos is a cryptocurrency and decentralized computing platform. Its features include proof of stake consensus, formal verification (which lets developers verify the accuracy of their code), and the ability to let stakeholders vote on changes to the protocol.

Please note that XTZ is not yet available on or via our consumer mobile apps. We will make a separate announcement if and when this functionality is added.

The Stages of the XTZ Launch

There will be four stages to the launch as outlined below. We will follow each of these stages independently for each new order book. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

We will send tweets from our Coinbase Pro Twitter account as each order book moves through the following phases:

  1. Transfer-only. Starting on Monday August 5, customers will be able to transfer XTZ into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for approximately 12 hours. We will communicate the exact timing for this phase via Twitter closer to the date.
  2. Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.
  3. Limit-only. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.
  4. Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.

One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time.

You can sign up for a Coinbase Pro account here to start trading. For more information on trading XTZ on Coinbase Pro, visit our support page.

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Ethereum Classic Labs Formally Announces Accelerate Program



Ethereum Classic

Ethereum Classic Labs Accelerate is focused on funding, educating and mentoring blockchain companies and communities that are building products and services on Ethereum Classic. The first Cohort occurred during the first quarter of 2019 and included 11 blockchain companies while our second Cohort will be announced in the third quarter of 2019.

The goals and objectives for the first Cohort were focused on infrastructure and tools to build decentralized applications. With impactful companies like Button and EtherNode, the first Cohort showcased great successes in the funding, mentorship, and development to advance the utilization, development, and adoption of Ethereum Classic. Accelerate is currently targeting two Cohorts per year, each having a different focus and theme.

Cohort I Highlights

ETC Labs Accelerate Cohort I was born at the beginning of 2019 with 11 blockchain companies and included a combination of funding, mentorship, facilities, entrepreneurship workshops, and development resources. ETC Labs Accelerate provided a structured curriculum that included messaging workshops, investor pitch preparation, core developer access, go-to-market planning, and business structuring for growth. Cohort I was also treated to special guest speakers from prominent legal, compliancy, entrepreneurship, investors, and product designers to give the Cohorts the resources necessary to structure, build and grow successful blockchain companies.

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Blockchain Marketplace Eliminates Credit Card Fraud and Simplifies Cryptocurrency Spending



Blockchain, a Peer-to-Peer cryptocurrency marketplace for vendors and shoppers, eliminates credit card fraud potential by opting not to accept any form of credit card payment. The only way that users will be able to pay for their desired goods and services will be in cryptocurrency.

“We will be focused on eliminating credit card frauds and offering escrow services to safeguard the interests of both the buyers and sellers,” William Leen, CEO commented on the topic.

Due to the irreversible nature of a cryptocurrency transaction, a seller accepting payment this way will never need to worry about the hassles involving credit card charge-backs.

Cryptocurrency spending puts a high level of responsibility on the buyer. AllForCrypto users will be given access to educational materials and guides that will enable them to transact more wisely. This Peer-to-Peer transaction type promotes safety and security of the funds spent and greatly relieves the potential for mistrust between parties.

AllForCrypto brings together e-commerce experts, cryptocurrency enthusiasts, product vendors and consumers in a more secure marketplace for everyday purchases.

AllForCrypto Tokens, called AFCT are available for trading and purchasing by visiting

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Japan to Lead Development of SWIFT Network for Cryptocurrency




Japan’s government is leading a global push to set up an international network for cryptocurrency payments, similar to the SWIFT network used by banks, in an effort to fight money laundering, a person familiar with the plan said on Thursday. Tokyo aims to have the network in place in the next few years, the person said, declining to be identified because the information has not been made public.

A team related to the inter-governmental Financial Action Task Force (FATF) will monitor its development and Japan will cooperate with other countries, the source said. It remains unclear how the cryptocurrency network would work. SWIFT is the international payments messaging system used by banks to send money around the world.

FATF in June approved the plan for establishing the new network, which was proposed by Japan’s Ministry of Finance and the Financial Services Agency (FSA) regulator, according to the person. Both the FSA and the Ministry of Finance declined to comment.

Tokyo has pushed to ensure the security of virtual currencies, hoping to leverage the fintech industry to stimulate economic growth. Japan became the first country in the world to regulate cryptocurrency exchanges at a national level, in 2017.

It remains unclear whether the network would meet resistance from users, given that the attraction of cryptocurrencies is, in part, in their unregulated nature. That lack of regulation is precisely what worries governments and central bankers.

Facebook’s recent announcement of plans to launch a digital coin has met with a chorus from regulators, central banks and governments insisting the tech giant must respect anti money-laundering rules and ensure the security of transactions and user data.

Digital currencies are also likely to be a topic at the G7 finance ministers meeting in France this week.

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