CoinMarketCap now shows cryptocurrency prices in BCH, XRP, and LTC (TheNextWeb.com)
Popular price tracker CoinMarketCap has added the option to show cryptocurrency prices in three additional digital currencies: Bitcoin Cash (BCH), Litecoin (LTC), and Ripple (XRP). This means that users will now have the option to view the value of all other coins based on the rate of one of these three currencies. The feature will come in handy to users who primarily focus on trading in the same currency – especially when it comes to keeping track of profits and losses.
Saudi Arabia Warns Against Initial Coin Offerings in Cryptocurrency Market (RT.com)
Riyadh has cautioned the public against investing in initial coin offerings (ICOs) due to the high risk, potential losses of capital and alleged fraud in the cryptocurrency market. According to the Capital Market Authority, crypto investing and speculative trading are potentially risky due to the high volatility of virtual currencies, the insular nature of their valuation and the lack of proper regulation in the Kingdom. The caution comes as the number of websites and advertisements for investment in digital currencies, as well as marketing campaigns on social media targeting Saudi citizens, has significantly increased in recent times.
Regulate Bitcoin? ‘Not The ECB’s Responsibility,’ Says Mario Draghi (CoinDesk.com)
Mario Draghi, president of the European Central Bank, has said it’s not his institution’s job to regulate cryptocurrencies. As part of the ECB’s #AskDraghi video series, the former Italian central banker said he has seen many users on Twitter ask if the ECB would regulate or even ban bitcoin. In response, he said: “It’s not the ECB’s responsibility to do that.” Draghi also discussed whether he would recommend purchasing bitcoin in response to a question from a college student.
Ethereum may Introduce its own Identity Standards Rather Soon (NewsBTC.com)
A lot of things are happening behind the scenes of Ethereum. While the scaling issues are being sorted, there is another project worth keeping an eye on. Introducing two new identity standards on top of this ecosystem will be a big challenge. Even though ERC20 is a standard associated with digital data, it seems separate identity standards will be introduced. Known as ERC725 and ERC735, these proposals are well worth keeping an eye on. Blockchain technology is about so much more than financial transactions. Recording transaction data has become second nature when distributed ledgers are the talking point.
Telegram Zero-Day Vulnerability Used in Cryptocurrency Mining Attacks (MyBroadband.co.za)
Hackers have been able to exploit a vulnerability in the Telegram messaging app’s desktop client to earn units of cryptocurrencies such as Monero and ZCash, according to Kaspersky Lab. Telegram is one of the most popular messaging hubs used by members of the cryptocurrency community. Kaspersky said on its website that users were tricked into downloading malicious software onto their computers that used their processing power to mine currency, or serve as a backdoor for attackers to remotely control a machine. While analyzing the servers of malicious actors, Kaspersky researchers also found archives containing a cache of Telegram data that had been stolen from victims.