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GM Financial Partners With Blockchain Startup to Fight Identity Fraud

General Motors Financial, the financing arm of the automaking giant, said Monday that it is partnering with blockchain startup Spring Labs on solutions for identity verification.The startup – which counts former Trump economic advisor Gary Cohn on its board of advisors – said that GM is exploring the acquisition of a stake alongside other use […]

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Fake MetaMask App on Google Play Store Hosted Crypto Malware

A form of malware that replaces victims’ cryptocurrency wallet addresses has been discovered for the first time in an app on Google Play Store. Security firm ESET published a blog post on Friday, saying that the malware, known as a “clipper,” intercepts the content of the clipboard and, if it finds the addresses of online cryptocurrency […]

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Someone Is Impersonating Bitcoin Futures Platfom Bakkt to Raise Money

Someone is poorly impersonating the highly anticipated bitcoin futures trading platform Bakkt in an apparent attempt to bilk people out of their bitcoin.On Wednesday nigh, the CoinDesk news team received an email (subject line: “Bakkt News!”) claiming that the platform was set to launch on March 12. The email, sent from a gmail address and […]

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New Malware Targets Apple Mac Computers to Steal and Mine Cryptos

A recently discovered form of malware steals browser cookies and other information on victims’ Apple Mac computers to steal cryptocurrencies.Researchers at cybersecurity firm Palo Alto Networks published a report on Thursday, saying that the malware, dubbed “CookieMiner,” intercepts browser cookies related to cryptocurrency exchanges and wallet service providers’ websites visited by the victims.The malicious code […]

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Hackers Just Stole Another $180K in Ether From Cryptopia Exchange

Hackers apparently still have control over New Zealand-based cryptocurrency exchange Cryptopia.Blockchain data analytics firm Elementus said in a blog post Tuesday that Cryptopia’s hacker, after going quiet for some days, has stolen an additional 1,675 ether from 17,000 wallets – an amount worth about $181,000 at the time of writing.While initially it looked like Cryptopia […]

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Two Groups Responsible for 60% of All Crypto Exchange Hacks: Report

Two groups alone are responsible for a majority of hacks at cryptocurrency exchanges to date, new research suggests.Chainalysis, a blockchain analysis software provider, published a report on Monday indicating that two “prominent, professional” criminal groups are behind at least 60 percent of all publicly reported crypto exchange hacks, netting around $1 billion in total.“On average, […]

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4 South Korean Crypto Exchanges Team Up to Tackle Money Laundering

Four major cryptocurrency exchanges in South Korea have partnered on an initiative to combat potential money laundering, as well as schemes that might harm users.Bithumb, Coinone, Korbit, and Upbit jointly announced Friday that they will create a hotline to share real-time wallet information on suspicious crypto trades. They aim to identify trades with suspected links […]

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Jamaica Stock Exchange Plans to List Security Tokens

The Jamaica Stock Exchange (JSE) is planning to list security tokens as tradeable assets for clients.The JSE’s Canadian technology partner Blockstation announced last week that the two firms have completed the first stage of a 60-day live cryptocurrency trading pilot.Marlene Street Forrest, the JSE’s managing director said the trial has been “very smooth” so far […]

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UK Financial Watchdog Plans Oversight of Security Tokens, Some Stablecoins

The U.K.’s Financial Conduct Authority (FCA) has set out proposed guidance for how crypto assets should be regulated in the country.In a consultation paper published Wednesday, the watchdog assigns the various crypto tokens into three categories and suggests whether these can be accommodated under existing rules overseen by the FCA – for example, as specified […]

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This Malware Has a Worrying Trick to Mine Monero on Cloud Servers

A recently observed form of malware uses a concerning new trick to avoid detection and mine cryptocurrency on cloud servers.Two researchers, Xingyu Jin and Claud Xiao, from cybersecurity firm Palo Alto Networks, published a report on Thursday, saying that a nasty bit of software from bad actors dubbed the Rocke group is targeting public cloud […]

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