Another MyEtherWallet Hack | Twice in Three Months

It’s only been four months since the last MyEtherWallet hack, but the crypto wallet platform is at the center of yet another security breach. This time, however, the breach involves the Hola VPN. As a result, if you use Hola’s Chrome extension, MyEtherWallet has warned that you should move your funds to a new account.  MyEtherWallet Hack: What We Know Yesterday, hackers compromised the Hola VPN service for roughly five hours. In that time, the crypto wallets of Google Chrome users may have been compromised. Why? Because they had the…

100 Merchants Can Now Trial Bitcoin’s Lightning Network Risk Free

A few lucky merchants now have one less obstacle to accepting bitcoin payments via the Lightning Network. Revealed exclusively to CoinDesk, payment processing startup CoinGate is opening up a pilot program that will allow 100 merchants to trial a Lightning-enabled version of its service, one which taps into the open-source tech meant to make bitcoin transactions fast and cheap. As with CoinGate’s standard service, the company will handle the finer details of crypto-to-fiat exchange, however, the new pilot has the benefit of covering the costs should funds be lost due…

PBoC Will ‘Crush’ Foreign ICOs Targeting Chinese Investors: Official

A vice governor of the People’s Bank of China (PBoC) has again issued strong statements against initial coin offerings (ICOs), singling out those that have moved overseas, but are still marketing to investors in China. Speaking at an internal meeting of the Internet Finance Rectification Working Group on Monday, Pan Gongsheng reiterated that ICOs, “disguised” ICOs and crypto asset trading are illegal in the country, and represent illicit forms of fundraising and securities issuance. Although China issued an outright ban on ICOs in September 2017, Pan said a lot of the…

Bitcoin Bull Bias Fades as Price Drops Below $6.5K

Bitcoin (BTC) is on the defensive today and could suffer deeper losses in the next few days should the bulls fail to defend the key moving average (MA) support, the technical charts indicate. The leading cryptocurrency looked vulnerable to a pullback 24 hours ago, courtesy of the signs of bullish exhaustion near key resistance of $6,800. Hence, the drop to $6436 seen today is not surprising, but has certainly boosted the odds of a close (as per UTC) below the all-important 10-day moving average (MA). It is worth noting that…

R3 Launches Corda Enterprise With First-Ever ‘Blockchain Firewall’

More than a year in the making, Corda Enterprise has arrived. Announced Tuesday, blockchain startup R3 has released a paid version of its signature open-source Corda blockchain technology, one that offers added features aimed at regulated institutions including 24/7 support, disaster recovery and more. The big reveal comes just over 13 months after R3 raised $107 million, at the time stating that it would allocate funds for an enhanced version of its product. Further, it will bring to end a period of development in which businesses have needed to build…

BitGo Adds 57 Ethereum Tokens In Largest-Ever Custody Service Expansion

The wider world of crypto tokens is becoming a bit more accessible to institutional investors. The security startup BitGo exclusively told CoinDesk on Tuesday, July 10, it will expand its suite of custody products and services to support 57 new ethereum assets, a move driven by demand for services that safeguard private keys – the alphanumeric strings that act as passwords for crypto assets – and that, once lost, are gone forever. As such, the move is a telling one for the blockchain security sector, one that showcases how it’s…