Gibraltar Gov’t Launches Advisory Group to Develop Blockchain-Related Educational Courses

The Government of Gibraltar in collaboration with the University of Gibraltar have created an advisory group focused on the development of blockchain-related educational courses, national news outlet the Gibraltar Chronicle reported Oct. 19. The New Technologies in Education (NTiE) group is reportedly a joint initiative between the government, the University of Gibraltar, and a number of the leading technology firms based in the country. Following the expansion of new technologies in Gibraltar, the NTiE will address the demand for related skills both in the private sector and at the governmental…

Russian Draft Bill Lacks Core Crypto Terms After Recent Edits

Russian deputies have removed the definition of crypto mining from a draft bill on digital currency regulation ahead of its next reading in the State Duma, major local news agency Interfax reports Oct. 19. Consequently, the new law will not clarify tax issues for miners. The chairman of the Duma Committee on Financial Markets Anatoly Aksakov briefly explained the reason behind the deputies’ decision to eliminate a core crypto term from the bill: “Earlier we had some thoughts on Bitcoins, on their integration into our economic system. But as we…

If Your Bitcoin is Stolen, There’s Only a 20% Chance You’ll Get it Back

If you’re ever so unfortunate as to become the victim of a bitcoin theft, there’s very little chance that you will ever see your cryptocurrency assets again. For this reason, security experts have suggested that only a fraction of these cases ever get reported, as victims believe they are not likely to retrieve stolen cryptocurrency. Reuters reports that the unique nature of cryptocurrencies has created a double-edged sword where investors do not expect criminals to be caught after successful crypto heists, and cybercriminals are turning to crypto in larger numbers, driven…

Financial Action Task Force Adopts Changes to Standards Covering Virtual Currencies

The Financial Action Task Force (FATF) has adopted changes to its standards regarding digital currencies and firms involved into cryptocurrency-related activities, according to an announcement published Oct. 19. Paris-based FATF, also known as Groupe d’action financière (GAFI), is an intergovernmental organization established in 1989 on the initiative of the G7 to set standards and promote effective implementation of legal, regulatory and operational measures to fight money laundering. The FATF has since developed a series of Recommendations recognized as the international standard for combating money laundering (ML) and the financing of…

North Korean Hackers Have Stolen $571 Million in Cryptocurrency: Report

Even though blockchain technology has all sorts of security applications, one thing is for sure: cryptocurrency exchanges are vulnerable to cybersecurity attacks, and hackers have exploited these flaws for massive gains. However, no hacker crew has been quite as successful as the infamous North Korean group of hackers, dubbed “Lazarus,” which is responsible for the theft of over half a billion dollars in cryptocurrency since 2017. Group-IB Report The information arrives courtesy of a new report by Group-IB, widely considered one of the leading cybersecurity companies in the world. The…

Nicolas Maduro Urges Venezuelan Residents to Invest in Petro Coin

Nicolas Maduro, Venezuela’s president, called on workers in his country to save money in gold and his cryptocurrency ‘The Petro’ during a salary shake-up Thursday. According to the local news source Noticiero Digital, in the next few weeks workers will be receiving their bonuses in the Petro coin, instead of fiat. Nicolas Maduro and The Petro Maduro said: “In the coming weeks the payment schedule of the bonuses will be fulfilled with the new salary tables set in the petro, which is from the economic recovery program that started 58…

North Korea-Sponsored Hacks Comprise 65 Percent of Total Crypto Stolen

Hacker group “Lazarus,” reportedly funded by North Korea, has stolen a staggering $571 million in cryptocurrencies since early 2017, a study conducted by cybercrime company Group-IB reveals. Key takeaways from the study were published Tuesday, Oct. 16, alongside the full annual report, entitled “Hi-Tech Crime Trends.” The report, dedicated to hacks in 2017 and 2018, identifies the allegedly state-sponsored hacker group Lazarus as responsible for $571 million of the $882 million total in crypto that was stolen from online exchanges during the studied time period; almost 65 percent of the…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 19

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Retail investors tend to run for cover when the market falls, whereas the professionals get their buy list ready to take advantage of the bargain prices. Though the trading volumes have been falling in the past few months, the merger and acquisition (M&A)…

Tether Floods Into Kraken Exchange, Where Crypto Traders Can Get Dollars

Tether (USDT) tokens are flooding into a wallet address controlled by the Kraken exchange, one of the few places where the troubled stablecoin can be converted into U.S. dollars. The exchange’s wallet balance stands at nearly 47.8 million USDT at the time of writing, making it the eighth-most valuable wallet holding this asset, according to the Tether Rich List. Contrast that to the situation less than two weeks ago, on Oct. 7, when Kraken’s tether wallet ranked much lower – 22nd place – and held less than half its current balance:…

Bitcoin Price Intraday Analysis: BTC/USD in Pullback Action

The bitcoin-to-dollar exchange rate started losing its grip on the sideways action, slipping almost a percent this Friday. The pair broke below 6400-fiat, the psychological support level of the previous trend, to establish new intraday lows towards 6356-fiat. The downside action appeared after bulls began to feel weak near the giant descending trendline formation that has capped every upside seen in every quarter of this year. The upside and downside sentiment, however, was in equilibrium as confirmed by majorly accurate Doji formations in the past two days. It seems traders…