Bitcoin was trading down early in the morning; Decentral has launched Jaxx Liberty, calling it “the web browser” for digital assets; Venture capital firm Union Square Ventures plans to make a long-term investment in Bitcoin and blockchain; BleepingComputer issued a warning for a new type of cryptocurrency malware; Line, a freeware app for instant communications on smartphones and computers, is preparing to launch its cryptocurrency exchange in Singapore; and South Korea has crafted new cryptocurrency trading regulations.
Here is what is happening in the cryptocurrency market on Monday.
In the News
Decentral, a blockchain firm founded by Ethereum co-founder Anthony Di Iorio, has launched Jaxx Liberty, touting it as “the web browser for digital assets”. Jaxx Liberty is a cryptocurrency wallet that allows users to access the tools required on a daily basis for managing their digital lives across more than 70 cryptocurrencies. The beta version of Jaxx Liberty is available in Canada and will be rolled out globally in the coming weeks, according to Decentral.
Union Square Ventures, a New York-based venture capital firm, says that it is investing in Bitcoin and blockchain over the next 10 years. The firm sees a brighter long-term outlook for the cryptocurrency market. According to a report from CNBC, Union Square Ventures has no plans to establish its own cryptocurrency fund.
BleepingComputer, a technical support site, is warning the crypto industry about a new type of malware called CryptoCurrency Clipboard Hijackers. Users need to use difficult-to-remember addresses in order to send cryptocoins. So, almost all of the users copy and paste these addresses. The new malware allows hackers to take advantage of that copying and pasting. The malware monitors “the Windows clipboard for cryptocurrency addresses, and if one is detected, will swap it out with an address that they control,” according to BleepingComputer.
Line, a freeware app for instant communications on smartphones and computers, plans to launch its cryptocurrency exchange in Singapore next month, the Financial Times reported. The exchange, called Bitbox, will offer more than 30 cryptocurrencies including Bitcoin, ethereum and litecoin and will charge a trading fee of 0.1%, according to the publication.
South Korea is going to implement new cryptocurrency trading regulations. The Financial Services Commission has finalized new regulatory framework focused on crypto exchanges to prevent money laundering. In addition, the commission directed the Korea Financial Intelligence Unit to monitor crypto transactions and users.
Coinbase, a digital currency exchange headquartered in San Francisco, Calif., is opening a new office in Portland, Ore. The exchange said in a blog post that it explored a variety of cities in the United States before choosing Portland. It said that the Portland office will host a variety of business-related functions and is expected to employ more than 100 people.
Cryptocurrency Prices Today
Bitcoin (BTC) dropped 0.26% over the past 24 hours, trading at $6,332.03 at the time of writing this article.
Ethereum (ETH) is trading at $448.85, down 0.34% over a 24 hour period.
EOS gained 0.12% over the past 24 hours, now trading at $8.03.
Ripple (XRP) is trading at $0.4609, up 0.68% over a 24 hour period.
Litecoin (LTC) is trading at $79.72, down 0.10% over a 24-hour period.
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