Market Update 12.02.18 – New Crypto Mining Malware Evolves
Market News
New Crypto Mining Malware Evolves
Researchers at Israel-based cybersecurity firm Check Point Software Technologies say that a relatively new form of crypto mining malware, dubbed KingMiner, is “evolving.” In a research note, the firm’s Ido Solomon and Adi Ikan said that it is a monero mining malware that first appeared about six months ago. Apparently, it is changing through time to avoid detection – even replacing older versions of itself that it encounters on host machines.
“The malware continuously adds new features and bypass methods to avoid emulation. Mainly, it manipulates the needed files and creates a dependency which is critical during emulation.”
As a result of these tactics, the malware is also being detected by security systems at “significantly” reduced rates.
Read the full report here.
North Korean Hackers Launch Attack On Crypto Users
The CEO of cybersecurity firm Cuvepia declared that his company detected over 30 attacks on crypto-bearing individuals probably carried out by North Korean hackers. Kwon Seok-Chul, the CEO of the South Korean cybersecurity company, said that the new targets of the suspected North Korean cyberattacks “are just simple wallet users investing in cryptocurrency.”
He then added that many cases probably have not been detected, and that there may have been well over 100 attacks. The “targeting of individuals holding virtual currencies such as Bitcoin (BTC) marks a departure from its previous methods.” As previously reported, North Korea allegedly backed two cryptocurrency scams this year: hacks funded by the country reportedly comprise of 65% of all cryptocurrency stolen to date.
Read the full report here.
Thai SEC Yet To Decide On Regulating STOs
The deputy secretary of the Thai Securities and Exchanges Commission (Thai SEC) has declared that Thai-related Security Token Offerings (STOs) launched in an international market break the law. The official report suggests that deputy secretary Tipsuda Thavaramara “said the regulator will have to consider how to deal with STOs for issues such as share ownership, voting rights and dividend.”
There still confusion about how to regulate these kind of offerings, Thavaramara reportedly declared. She was quoted as saying: “At the moment, we have not decided whether STOs fall under the SEC Act or the Digital Asset Act, but it depends on the STO’s conditions and the details in its white paper.”
Thavaramara noted that a “STO affiliated with Thai investors launching in an international market at this point would be guilty of wrongdoing under the Digital Asset Act” as it would avoid “regulated fund-raising channels.”
Read the full report here.
Total Market Cap: December 2
The volume of trade in the crypto market sat at $14.95 billion. The market’s capitalization, on the other hand, reached $135.43 billion.
Bitcoin Price Analysis: December 2
In the past 24 hours, Bitcoin jumped 3.90% to trade at $4,172.89. The leading cryptocurrency’s trade volume trickled to $5.40 billion, while its market slid to $72.62 billion.
XRP Price Analysis: December 2
XRP’s price jumped 2.18% to trade at $0.369267. As for the altcoin’s trading volume, it reached $406.14 million; whereas its market capitalization hit $14.89 billion.
State of the Top 10 Cryptocurrencies: December 2
In the past 24 hours, all prices were up. Meanwhile, Cardano dethroned TRON at the 10th spot.
- Bitcoin’s market price jumped 3.90% to $4,172.89, and its value in the market is $72.62 billion.
- XRP’s market price jumped 2.18% to $0.369267, and its value in the market is $14.89 billion.
- Ethereum’s market price jumped 3.53% to $117.33, and its value in the market is $12.15 billion.
- Stellar’s market price jumped 3.32% to $0.165066, and its value in the market is $3.16 billion.
- Bitcoin Cash’s market price jumped 4.09% to $117.56, and its value in the market is $3.11 billion.
- EOS’ market price jumped 3.03% to $2.96, and its value in the market is $2.68 billion.
- Litecoin’s market price jumped 4.92% to $33.90, and its value in the market is $2.01 billion.
- Tether’s market price jumped 0.44% to $0.998315, and its value in the market is $1.85 billion.
- Bitcoin SV’s market price jumped 9.82% to $99.66, and its value in the market is $1.71 billion.
- Cardano dethroned TRON at the 10th spot, with its market price jumping 6.66% to $0.041403. As for its value in the market, it is $1.07 billion.