Tag Archives: Crypto

The Buy In: The Crypto “Shark Tank”

‘The Buy In’ is a new TV show focused on crypto and blockchain. Teams will be competing in a “Shark Tank” style competition to get their ICOs funded – and you get to be one of the sharks. That’s right, in true decentralized form, anybody watching the show will be able to participate in the outcome of the competition and can have a stake in the winning ICO. Seven teams will be competing to show off their ICOs and the power of blockchain behind the project. Over the course of five weeks, one team will be eliminated each week until there are two teams left; the winner is then chosen. Don’t worry; you won’t be making the decisions completely alone. There will be a panel of five blockchain/crypto experts there to help you decide. The panel decides which team goes home each week and who the ultimate winner will be. It is still unclear at this point how much the viewer’s opinion will come into play regarding who is eliminated and who wins. However, in week 4, the viewers will be able to participate in choosing what the teams must do to progress in the competition. In the end, the winning team will be awarded up to 1 million seed tokens, 50% of which will be issued when the ICO goes live.

Reference: https://cryptocurrencynews.com/daily-news/crypto-news/buy-crypto-shark-tank/

How Crypto is Empowering the LGBT Community

Crypto is often getting ragged on for being a gateway towards crime. Today, however, I’d like to recognize some of the good that crypto can do. Today, the LGBT Foundation revealed that it will be using blockchain technology to drive equality throughout the global LGBT community – new token will be called the Pink Dollar.

The LGBT economy, or Pink Economy, will be tokenized by the LGBT Foundation to push for positive social change, protect vulnerable members of the community, and showcase the economic drive of the LGBT community.

Started by Hornet Networks, the LGBT Foundation will harness the power of the Pink Economy to provide a safe and secure environment for accessing crypto and blockchain assets. The Pink Dollar will help to connect LGBT businesses across the globe and establish an economic identity for the community.

Reference: https://cryptocurrencynews.com/daily-news/crypto-news/pink-dollar-crypto-lgbt/

Nano Leads Crypto Recovery

Nano is leading the crypto recovery today. After a week of bloodshed, there is finally some green out there yonder on the ol’ crypto fields. Right now, only ten cryptos are down out of the top 100 cryptocurrencies. Nano has been a consistent leader today, outgrowing all the other cryptos on the market. At the time of writing, Nano has a selling price of $12.59. This puts the altcoin up 35.41% in the past 24 hours – more than any other coin on the market as of right now.
Like many of the other cryptos on the market, Nano struggled in the first half of this week. However, the altcoin started to recover faster than many of the rest of the cryptos out there. Nano began to recovery by around Tuesday and continued its growth through to Wednesday. Nano’s fast growth in the latter half of this week is a relief to many after the token plummeted thanks to the hack on the Italian exchange BitGrail. In fact, Nano was managing to grow while many of the other cryptos continued to suffer.

Reference: https://cryptocurrencynews.com/daily-news/altcoins/nano-leads-crypto-recovery/

Japan’s Finance Watchdog to Inspect 15 Unlicensed Crypto Exchanges

The Japanese government said today that inspections will take place at 15 unlicensed cryptocurrency exchanges in light of a recent major hack. According to the Japan Times, the country’s financial services minister Taro Aso said at a news briefing that on-site inspections will take place at the exchange providers that have filed for licenses but have not yet been approved. The move comes after the Coincheck exchange lost NEM tokens worth $533 million at the time in a major breach in late January. The minister indicated the inspections will examine the exchanges’ technical safety procedures and management of users’ funds, the report indicates. The country’s financial watchdog, the Financial Services Agency (FSA), had previously ordered all the licensed and unlicensed exchanges in the country to report on their security protocols and resistance to hacking in response to the Coincheck theft. The FSA has now decided that on-site inspections are required for unlicensed operators after appraising their reports.

Reference: https://www.coindesk.com/japanese-government-orders-inspections-at-15-unlicensed-crypto-exchanges/

Crypto Mining Malware Attack Isn’t Due to App Flaw

Russian cybersecurity firm Kaspersky Lab reported today that a vulnerability in Telegram’s messaging app had been exploited to turn desktop computers into unwitting crypto-miners – a claim that the firm’s founder is pushing back against. The cyberattacks were uncovered by Kaspersky Lab, a global cybersecurity software provider, who reports that the covert mining operations have been underway since March of 2017. Kaspersky said that the attacks were possible because of a zero-day vulnerability. “We have found several scenarios of this zero-day exploitation that, besides general malware and spyware, was used to deliver mining software – such infections have become a global trend that we have seen throughout the last year,” Alexey Firsh, a Kaspersky Lab analyst said in a statement today.

Reference: https://www.coindesk.com/telegram-founder-crypto-mining-malware-attack-isnt-due-app-flaw/