Transaction fees on the Monero network have fallen significantly after last Thursday’s system-wide update. The reduction comes in the wake of the activation of a highly-anticipated form of cryptography named “Bulletproofs” on the privacy-centric cryptocurrency Thursday.
Cryptocurrency Market Updates
Hacker group “Lazarus” is reportedly funded by North Korea and has stolen a staggering $571 million worth in cryptocurrencies. It is an exploit that the group has since started in early 2017. This is according to a study conducted by cybercrime group called Group-IB.
The Sia blockchain network has released the formal code for an imminent hard fork, which is designed to block miners using hardware produced by Bitmain and other major manufacturers. David Vorick, founder and CEO of Nebulous, announced the release of code version 1.3.6 in Sia’s official channel on Discord. It even reminded miners that the hard fork will be activated on Oct. 31.
The Commodity Futures Trading Commission and a company were recently in a legal battle due to running a Ponzi scheme, which was centered on Bitcoin. The company, which was owned by a New York resident, lost the legal battle, though.
As far as cryptocurrency tracking resource CryptoCompare is concerned, its recent study has revealed that 85 percent of crypto assets enable development teams to alter their platforms. To create the report, it simply reviewed hundreds of crypto and blockchain projects.
Civil, which is startup based in New York that aims to put journalism on a blockchain, has revealed its plans to issue refunds to users who were involved in its token sale. It appears that the firm reportedly failed to reach a pre-set minimal requirement.
The cryptocurrency exchange Coinbase, which is based out of San Francisco, is now opening an office in Dublin, Ireland. This new office, which will help the exchange expand its services in Europe is also a part of the contingency plan for when Brexit finally happens.
The financial services giants MasterCard and Visa will soon by classifying cryptocurrencies and ICOs (Initial Coin Offerings) in a new “High Risk” category. According to the Broker Complaint Registry, MasterCard has already started classifying binary options (forex, CFDs, ICOs and cryptocurrencies) under the “High-Risk Securities Merchants” category from October 12 this year.
North Dakota’s securities watchdog is once again planning to take action against ICO projects, all of which are believed to be operating illegally in the state. Karen Tyler, the commissioner of the North Dakota Securities Department, ordered cease and desist orders against at least three companies. The firms are reportedly offering securities in the form of ICOs that are not only unregistered but also fraudulent.
Choi Jong-koo, the Chairman of South Korea’s financial regulator, the Financial Services Commission, has once again confirmed his negative stance against ICOs (Initial Coin Offerings) and cryptocurrencies.