Crypto Ethone

  Cryptocurrency XRP sank nearly 25% to around 35 cents Wednesday morning. The SEC is suing Ripple and two of its executives over the alleged sale of unregistered securities. Ripple denied XRP is a security and questioned the lawsuit's timing. The price of  XRP  plunged again Wednesday after the U.S. Securities and Exchange Commission filed a lawsuit alleging that Ripple, a blockchain company with ties to the cryptocurrency, conducted a $1.3 billion unregistered securities offering. XRP sank nearly 25% to around 35 cents Wednesday morning, according to data from cryptocurrency market site CoinDesk.  The virtual currency fell as much as 17% on Tuesday after Ripple said it anticipated and would fight the legal action. The SEC is suing Ripple and two of its executives, CEO Brad Garlinghouse and co-founder Chris Larsen.  At the heart of the federal agency's complaint is the claim that XRP should be treated as a security — like a share in a company — rathe...

  The traditional finance world is facing its stiffest challenge yet with cryptocurrencies.  Bitcoin is beating gold and stocks as the best investment of 2020, and the emerging DeFi space has left big banks at the brink of extinction. Innovation is happening at such a rapid rate that even some of the top tokens over the summer are now being overtaken by the introduction of new DeFi protocols and services.  The latest to debut, and what could be the next big thing in finance, is the launch of the DeFi Yield Protocol’s staking and governance app. Here’s what the milestone launch means for DeFi, and how DYP holders can begin earning Ethereum immediately using DYP while also addressing the risks associated with yield farming. DYP: DeFi Yield Protocol Launches Dapp , Governance, Staking, And Rewards Enabled The DYP token is the native cryptocurrency token underpinning the DeFi Yield Protocol and has been available for purchase or trading on Uniswap for some time.  Liqui...

  ROME (Reuters) - Italian police said on Monday a man who ran a cryptocurrency exchange that was declared bankrupt last year is suspected of being responsible for a series of hacks that caused losses of 120 million euros ( $146 million ). More than 230,000 people were defrauded by the cyber-theft of a cryptocurrency called Nano which was held by the company BitGrail, the postal police said in a statement. “It is the biggest cyber-financial attack in Italy and one of the biggest in the world,” the police said. “For the first time in Italy and in Europe, we have documented fraudulent and rapacious conduct to the detriment of investors carried out entirely on IT platforms and via the use of virtual currencies .” Police said the suspect was a 34-year-old from Florence, and gave his initials as F.F. He faces charges of computer fraud, fraudulent bankruptcy and money-laundering.  It was not immediately possible to contact the man or his lawyers. F.F. himself contacted police in Fe...

Binance exchange has achieved significant things in 2020 and it is now ending the year with a cryptocurrency-backed Visa payment card.  This has made it to be among a few firms that are offering digital currency cards. On December 15, 2020, the company  announced  using its Twitter account that they have started shipping cards.  This crypto-backed card was first announced in March 2020.  So far, the Visa payment cards are operating in the European Economic Area (EEA) and other parts of the world. The Physical Binance Visa Card allows users to convert and spend their favourite cryptoassets at over 6 million merchants globally.  The use of the card is still free until the beginning of 2021, and users can spend up to a limit of about $10,580 daily. Introducing cryptocurrency cards to the world Using this card, users can purchase goods they want and pay with Ethereum (ETH), and other coins being supported by the service. From the look of the things, it seems ...

  New infected Rubygems packages have been spotted in its open-source software repository and which contained malicious code mainly used to steal cryptocurrencies from users via supply chain attack. Two Cryptocurrency-Stealers Rubygems Detected by Researchers at Sonatype According to Ax Sharma, a security researcher at Sonatype, the two gems  detected  — pretty_color and ruby-bitcoin — had malware that deployed the attack on Windows machines and replaced any bitcoin ( BTC ), ethereum ( ETH ), or monero ( XMR ) wallet addresses found on the victim’s clipboard by the attackers’ ones. Rubygems is a package manager for the Ruby programming language that allows developers to integrate code developed by other people. Anyone can upload a “gem” to the repository, open in some way the doors for threat actors to upload their malicious packages. The researcher explained further about how the attack operates: This means if a user who had mistakenly installed either of these gems was...