The Moscow Stock Exchange is Preparing to Display ICO Market Data

https://www.ccn.com/the-moscow-stock-exchange-is-preparing-to-display-ico-market-data/

Cryptocurrency Market Falls $25 Billion Overnight as Bitcoin Drops 6%: Factors and Trends

https://www.ccn.com/cryptocurrency-market-falls-25-billion-overnight-as-bitcoin-drops-6-factors-and-trends/

Zimbabwe Central Bank Defends Cryptocurrency Trading Ban

https://www.ccn.com/zimbabwe-central-bank-defends-cryptocurrency-trading-ban/

Korean Cryptocurrency Exchange Coinrail Suffers $40 Million Theft

https://www.ccn.com/korean-cryptocurrency-exchange-coinrail-suffers-40-million-theft/

Why Connected Cars Need a New Approach for Security
http://feedproxy.google.com/~r/Coinjournal/~3/4AUC0uj5CUg/

“The whole thing was going haywire, even the brakes failed. Very scary.” said a driver after an automotive security company hacked his vehicle in a controlled environment.   With more than 125 million cars set to be connected globally by 2022, and Gartner predicting that a fifth of all cars will have WiFi by 2020, security is […]
The post Why Connected Cars Need a New Approach for Security (https://coinjournal.net/guest-post-why-connected-cars-need-a-new-approach-for-security/) appeared first on Coinjournal (https://coinjournal.net/).

Dutch Central Bank: Blockchain Cannot Yet Support Financial Market Infrastructure

https://www.ccn.com/dutch-central-bank-blockchain-cannot-yet-support-financial-market-infrastructure/

Thailand Unveils Details of Crypto Regulations, Legalizing 7 Cryptocurrencies

https://www.reddit.com/r/CryptoCurrency/comments/8q5svc/thailand_unveils_details_of_crypto_regulations/

The Periodic Table of Cryptocurrencies. 117 cryptos, arranged by function, all in one place.

https://www.reddit.com/r/CryptoCurrency/comments/8q9j25/the_periodic_table_of_cryptocurrencies_117/

Bitmain Raises $400 Million in Pre-IPO Funding, Now Valued at $12 Billion: Report

https://www.ccn.com/bitmain-raises-400-million-pre-ipo-funding-round-now-valued-at-12-billion-report/

XRP, Ripple & The Color of Money

https://www.reddit.com/r/CryptoCurrency/comments/8q9jro/xrp_ripple_the_color_of_money/

LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Business

https://www.coindesk.com/la-woman-faces-30-months-in-jail-over-illegal-bitcoin-business/

LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Business

https://www.coindesk.com/la-woman-faces-30-months-in-jail-over-illegal-bitcoin-business/

Ledger announces support for Nano S! You can also use NanoVault.io to access the ledger app

https://www.reddit.com/r/CryptoCurrency/comments/8qa835/ledger_announces_support_for_nano_s_you_can_also/

Is Bitcoin’s Price Drop a Technical Correction?
http://feedproxy.google.com/~r/Coinjournal/~3/E3Iwirl0yZ0/

Cryptocurrency exchange and investment platform eToro is attributing yesterday’s nearly $1000-dollar USD price drop for bitcoin to a technical correction in the market. Though many have differing thoughts on why the price has dropped, most are in agreeance that the hacking of CoinRail, an exchange with a tiny share of the Korean market is not […]
The post Is Bitcoin’s Price Drop a Technical Correction? (https://coinjournal.net/is-bitcoins-price-drop-a-technical-correction/) appeared first on Coinjournal (https://coinjournal.net/).

UK's Financial Watchdog Issues Letter to Banks on Crypto Risks

https://www.coindesk.com/uks-financial-watchdog-issues-letter-to-banks-on-risks-of-crypto/

KODAKCoin Inks Arena Partnership to Store NBA, NHL Photos

https://www.coindesk.com/kodakcoin-inks-arena-partnership-store-nba-nhl-photos/

Switzerland’s mortgage bank Hypothekarbank Lenzburg (Hypi) has announced that it will open business accounts for crypto companies.
While cryptocurrency and blockchain technology have been widely accepted in Switzerland, the banks have not been as friendly. With the exception of the Falcon Private Bank, which offers (http://www.cnbc.com/2017/07/12/switzerlands-legendary-banking-system-gave-bitcoin-vote-of-confidence.html) asset management services, Hypi will be the first Swiss bank to open its arms to the crypto community.Hypothekarbank Lenzburg CEO Marianne Wildi said (https://www.finews.ch/news/banken/32069-hypothekarbank-lenzburg-marianne-wildi-krypto-blockchain-firmenkunden) that a bank like Hypi, focused primarily on technology, has to engage with the blockchain industry. "As a bank that is technologically oriented and pursues a cooperative strategy in the field of fintech, it is also one credibility to work with the young industry of crypto and blockchain companies in Switzerland."Wildi, who has advocated for the introduction of a crypto-franc (http://fintechrockers.com/wp-content/uploads/2018/01/180131-Fintechrockers_Swiss-National-Blockchain-and-Cryptocurrency_Expose%CC%81_EN_V3.2.pdf) in the past, added that while her bank is looking forward to working with crypto companies, they are well aware of the money laundering problems that come with them.She said the bank had studied the relevant compliance issues and risks associated with the industry, in addition to informing the Swiss regulators (https://bitcoinmagazine.com/articles/swiss-regulator-gives-clear-guidelines-launching-icos/) before deciding to work with crypto companies.According to Wildi, the selection process for new customers will be rigorous as Hypothekarbank Lenzburg will only consider blockchain companies after carrying out in-depth due diligence on them. The bank will use an experienced third party to analyze inquires and run background checks before the bank makes a final decision.The announcement from Hypothekarbank Lenzburg comes some few days after the Swiss Blockchain Taskforce launched a petition (https://blockchaintaskforce.ch/petition/) calling for "bank accounts for blockchain companies."Switzerland is a prime incubator for everything crypto and blockchain related. New data reports (https://poseidon01.ssrn.com/delivery.php?ID=770086120101088007119095103075108102097019000017052006005002008125002117010120029098011033116011014051125089009098090075082102119041046028050094103093105116001125064032079123015068094091017003084081098093081071120086118015114019073113030006006081083&EXT=pdf) shows the country is the largest contributor of ICO funds relative to the number of ICOs launched elsewhere. The Swiss city of Zug, known as "Crypto Valley" will also conduct its first municipal vote (https://www.swissinfo.ch/eng/system-test_-crypto-valley--zug-to-trial-blockchain-voting/44177440) using a blockchain on June 25, 2018.



This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).

South Korean Exchange Coinrail Hacked, $40 Million in Crypto Reported Stolen
https://bitcoinmagazine.com/articles/south-korean-exchange-coinrail-hacked-40-million-crypto-reported-stolen/

South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens.
Executives announced that roughly 30 percent of the tokens the exchange was housing have been taken, which amounted to nearly (https://techcrunch.com/2018/06/10/korean-crypto-exchange-coinrail-loses-over-40m-in-tokens-following-a-hack/) $20 million worth of NPXS (Pundi X) tokens, $14 million of Aston X, $6 million in tokens for Dent and over $1 million TRON. At press time, an investigation is underway, and law enforcement officials are working to figure out who was behind the attack. Coinrail states (https://www.theguardian.com/technology/2018/jun/11/bitcoin-price-cryptocurrency-hacked-south-korea-coincheck):“Seventy percent of total coin and token reserves have been confirmed to be safely stored and moved to a cold wallet [not connected to the internet]. Two-thirds of stolen cryptocurrencies were withdrawn or frozen in partnership with related exchanges and coin companies. For the rest, we are looking at it with an investigative agency, related exchanges and coin developers.” Coinrail’s daily trading volume is roughly $2.5 million. Though it is technically one of the smaller digital currency exchanges, Coinrail still ranks among the top 100 across the globe according to Coinmarketcap.com (https://coinmarketcap.com/exchanges/coinrail/). Still, Kim Jin-Hwa of the Korea Blockchain Industry Association describes the company as a “minor player” and says he can “see how such exchanges with lower standards on security levels can be exposed to more risks.” The Coinrail hack is the fifth major theft this year (https://mashable.com/2018/06/11/coinrail-exchange-hack/#ncPy0_o.xiqq). Trouble began in January after nearly half-a-billion in cryptocurrency was stolen from popular Japanese exchange Coincheck. BitGrail in Italy was hit in February, which resulted in over $200 million worth of cryptocurrency disappearing in just a matter of minutes. Coinsecure was the third victim, and saw over $3 million worth of bitcoin stolen from its wallet last April.In addition, an attack occurred just last week (https://bitcoinmagazine.com/articles/japanese-syndicate-wallet-hacked-10-million-reported-missing/) on Japan’s Shopin, a universal shopper profile based in Japan. One of the company’s token distributors was recently hacked and saw roughly $10 million in assorted tokens disappear overnight. The distributor lead kept all tokens in hot wallet storage despite warnings from Shopin executives, who claim she was even sent instructional videos regarding the kinds of wallets that should be used. “Investors have been increasingly worried about cybersecurity issues,” says Adrian Lai, founding partner at Hong Kong-based investment firm (http://money.cnn.com/2018/06/11/investing/coinrail-hack-bitcoin-exchange/index.html) Orichal Partners. “At this stage, obviously, the standard is not high enough.”At press time, bitcoin is trading for roughly $6,700 — about $900 less than where it stood just 48 hours ago. Ethereum has also dropped from about $602 to $521.




This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).

AmEx Is Hiring to Help Sell a Ripple Powered Blockchain Product

https://www.coindesk.com/amex-hiring-help-sell-ripple-powered-blockchain-product/