Category: Crypto

Categories
Crypto News

MyEtherWallet Hacked Via The Hola VPN Chrome Extension

MyEtherWallet, one of the most popular Ethereum (ETH) wallets, alerted its users that, in case they’ve used the Hola VPN service that works as a Chrome extension to access their portfolio, their funds may be compromised.

The MyEtherWallet (MEW) development team asked their users to transfer the funds stored in their wallet if they had used the Hola VPN service within the last 24 hours. That although their platform was not compromised, but they assume that the attackers still have access via the before-mentioned VPN. According to them, Chrome’s extension may have been the victim of malware for five hours in an attack aimed at logging wallet activity to steal funds.

The vulnerability exploited by the attackers occurred hours after the last update of Hola VPN, released yesterday, and according to MyEtherWallet, the attack was registered from a Russian IP address.

Some Reddit users complained their wallets were hacked even though they had not used Hola VPN

The developers also reminded their users that MEW “does not have any personal data, including passwords,” so their users can be sure that hackers will not get any information if they did not use the VPN. However, the extent of the attack is unknown at this time, and some Reddit users claim to have been hacked without using Hola VPN.

It is important to note that this is the second attack MyEtherWalletexperience in 2018, after the incident on May 24th, when the devs presumed that during the hours of the attack hackers had the opportunity to manipulate the Ethereum (ETH) wallets. According to official statements, MEW suffered the hijacking of some DNS servers that were redirected for hours to a phishing site.

In October 2017, it was the first time when MEW was the subject of a phishing operation in which more than $15 million in Ethereum (ETH) got stolen. However, the attacks MyEtherWallet has suffered in recent months have not been directly linked to vulnerabilities in the wallet code but to its associated services and phishing.

Categories
Crypto News

NEO (NEO) Holders Will Receive The Remaining Ontology (ONT) Tokens From The Airdrop Started In March

This weekend, the NEO Global Development (NGD) Council began the second stage of the airdrop of Ontology (ONT), distributed among NEO (NEO) token holders. The delivery corresponds to 10 million ONT, equivalent to about $37.6 million, and is aimed at selected users who received the first half in March of this year.

In February, it became known that the NEO Council received control of 10% of the ONT tokens as part of Ontology’s redistribution during the launch of its blockchain network. This portion corresponds to 100 million ONT tokens, of which 20 million would be distributed as a gift to NEO investors, as announced in the official NGD blog.

At that time, they announced that 0.2 ONT would be delivered for each NEO (NEO), of which each incumbent would receive 0.1 ONT (50%) of free trade, in a first stage. This process took place at 5:00 a.m. (Pacific Time) on March 1st, 2018. The remaining 50% (0.1 ONT) was blocked until the launch of the new main Ontology blockchain network, which took place on June 30th.

NEO (NEO) holders to receive about 10 million Ontology (ONT) as the second part of the airdrop started in March

The first portion of ONT corresponded to NEP-5 tokens, and therefore the benefited users must make the symbolic exchange for the native tokens of the new Ontology blockchain, before October 1st. However, the second stage of the airdrop, corresponding to the blocked tokens, which started on July 7th, will be carried out directly on the new primary network.

In this regard, the NEO website explained to users that the remaining Ontology (ONT) tokens would not be sent to their NEO (NEO) address, but to one on the Ontology network, which will have the same public address, private key, and WIF as the one they use for NEO.

Additionally, Ontology reported that, unlike the NEP-5 Ontology (ONT), the new native tokens are indivisible, which will limit both the redemption and the second part of the NEO Council’s reward to whole numbers. That is, if the user received 5.5 ONT for the first portion of the airdrop, he would receive only 5 ONT for the second portion.

Ontology and NEO are blockchain’s public infrastructure protocols, which emerged from Onchain, a Shanghai-based technology company. Ontology noted in its blog that it decided to hand over a portion of its tokens to the NEO Council to achieve relevant cooperation since it is a necessary technology and cryptocurrency universe partner.

Categories
Crypto Markets News

BitMEX Sustains Its Older Hypothesis That Noble Bank of Puerto Rico Protects Tether (USDT) Funds

After handling the thesis that the Puerto Rican bank Noble Bank represented Tether (USDT) central reserve entity, the BitMEX cryptocurrency exchange platform added new information to its hypothesis. Through a report, BitMEX stated that the local financial regulator had changed the name of Tether’s fund from “Cash in banks” to “Deposits, market investments and other balances that earn interest.”

Since its launch, the Tether (USDT) has generated controversy

Tether (USDT) is a cryptocurrency that, at least in theory, is backed by reserves in US Dollars. That is to say, Tether (USDT) tokens are issued with the support of fiat money with the intention of maintaining their fixed value. Its official website even has a transparency section that shows the community its financial balance of physical reserves and how many USDT are in circulation.

Between November 2016 and November 2017, Tether (USDT) market capitalization increased by 100%, drawing the attention of investors and cryptocurrency analysts. Some even began to suspect manipulation due to the close involvement of the Bitfinex cryptocurrency exchange platform.

BitMEX stated that Noble Bank of Puerto Rico protects Tether (USDT) funds

BitMEX prepared a study in which it is mentioned that cash deposits in Puerto Rico, through the International Financial Institutions (IFI), would be related to the growth of Tether (USDT).

Following our research on Tether and after financial information for the first quarter of 2018 was released, more evidence has been provided regarding the impact of Tether. In addition, a source close to Tether has confirmed that the speculation in our initial report is correct.

BitMEX

Another investigation, this time by the Bloomberg chain, reported in May that “three people with knowledge of the matter reported that Noble Bank International, based in San Juan, Puerto Rico, took over Bitfinex’s banking activities last year,” which would confirm the argument raised in principle by BitMEX.

The cryptocurrency exchange platform said that during the first quarter of 2018 bank deposits in the IFI, including Noble Bank, reached $3.5 billion, representing an increase of about 7% during the first three months of the year.

It is important to mention that BitMEX’s allegations are based on independent research, are not intended to be conclusive and are limited to hypotheses that have not been officially confirmed or rejected by Noble Bank.

Categories
Crypto News

Malta Will House The World’s First Initial Convertible Coin Offering (ICCO) Held By Palladium And Bittrex

The Malta-based company Palladium will release the world’s first ICCO (Initial Convertible Coin Offering), along with its two partners, one of which being Bittrex, as reported in an article issued yesterday, July 10th.

Palladium, which plans to develop a regulated cryptocurrency exchange in Malta, will attempt to disburse $150 million in tokens in the ICCO, which is expected to commence on July 25th. The upcoming cryptocurrency exchange, which will run entirely under the auspices of the increasingly crypto-friendly jurisdiction of Malta, will be developed by using approximately 15% of the collected funds.

The other part, states Palladium, will be spent on the “acquisition of a majority stake in a European bank,” along with “strategic investments in financial services and blockchain companies that complement Palladium’s business.”

We hope that this project, which will create more than 100 job opportunities, will be a historic milestone and will close the gap between traditional financial services and cryptocurrency.

Paolo Catalfamo, Palladium CEO

An ICCO (Initial Convertible Coin Offering) differs from an ICO (Initial Coin Offering)

An ICCO is different from an ICO in the sense that the investors will be entitled to convert the tokens into company shares at a subsequent date. In the case of Palladium, this will be possible three years from the ICCO date.

An ICCO is different from an ICO in the sense that the investors will be entitled to convert the tokens into company shares at a subsequent date. In the case of Palladium, this will be possible three years from the ICCO date.

The measure represents a new step in Malta’s blockchain and cryptocurrency rush, as Prime Minister Joseph Muscat witnessed the company’s debut on the Malta Stock Exchange just last week. Muscat had greeted Binance which is one of the most significant cryptocurrency exchanges in the world by trading volumes.

Also in the news, Malta announced the launch of a university blockchain degree from October 2018 onwards to train state’s personnel in blockchain and cryptocurrency fields.

Categories
Crypto News

London School of Economics Launched An Online Course On Cryptocurrency Investments And Blockchain

The London School of Economics (LSE) will hold an online training course on cryptocurrency investment, starting in August 2018, according to a Financial Times article issued on Monday, July 9th.

The announcement states that the new course entitled “Cryptocurrency Investment and Disruption” will assist students in mastering many “practical skills for interacting with cryptocurrency exchanges,” as well as how to use cryptocurrency wallets and also “evaluate analyses” of Initial Coin Offering (ICO).

The LSE, the alma mater of 36 “world leaders” and 18 Nobel Prize laureates, claims to be known for its slogan of “understanding the causes of things.” By introducing the new cryptocurrency course, the university seeks to support “global private organizations, individual investors, financial services companies, governments,” as well as “regulators” in understanding the “highly disruptive trend” of cryptocurrency.

London School of Economics will join other universities around the world by teaching about blockchain technology and cryptocurrencies

The exponential growth and volatility of cryptocurrencies and the distributed accounting technology that supports them have led to a worldwide interest in cryptocurrencies, ICOs and the distribution of digital wealth.

London School of Economics

The online course will be conducted by Dr. Carsten Sorensen, an Associate Professor of Information Systems and Innovation. Comprising six modules totaling 60 class hours, the attendance of the course will be approximately €1,800 or $2,116 in price.

The University of Malta also informed earlier today that it would launch a blockchain degree from October 2018 onwards.

In February 2018, the Australian public research university RMIT introduced the country’s first university class on blockchain technology. The 8-week training course, entitled “Developing Blockchain Strategy”, is intended to provide not only the theoretical skills required to use blockchain technology but also the necessary know-how for distributed accounting technology usage.

Exit mobile version