Recently created “Parity” multisig wallets are still exploitable; wallets created through Geth or MyEtherWallet and single-user accounts are unaffected. White Hat hacking group saved a large amount of Ether from attack, which it intends to return to account holders.
As reported, as many as 40 FinTech firms are expected to offer international money transfer services beginning August 15. In addition to reducing commission fees, these services may also diminish premiums in the South Korean cryptocurrency market.
Trade publication Internet Retailer recently reported that only three of the top 500 online merchants accept bitcoin. Bloomberg suggests that relatively high transaction fees and scaling challenges have hindered adoption by customers and companies even as bitcoin has soared in value over the last year.
In anticipation of the upcoming user-activated soft fork on the Bitcoin blockchain, Japan’s Cryptocurrency Business Association is creating guidelines for virtual currency exchanges to protect customer investments.
In early June, the Chamber of Digital Commerce submitted a letter to request that the Financial Accounting Standards Board (FASB) consider a project to address digital currencies. The FASB will conduct preliminary research and discuss digital currency at a public board meeting.
Over the last week, a plethora of blockchain and cryptocurrency open community teams have fallen prey to phishing scams that utilize the messaging service Slack. As the communication software of choice among blockchain developers and founders, Slack might be the weakest link in corporate cybersecurity.
The European Commission assessed the risk level of virtual currencies and found them vulnerable due to features such as anonymity, yet the practical threat of them being used for these for terrorism and money laundering remains moderate.
Omise, a Southeast Asian payment solutions company, has raised $25 million through the issuance of OmiseGo (OMG), an ERC20 token that will undergird its decentralized network and allow token holders to earn money for their support.