Crypto News Round-up October 3
RESEARCH
Most of Cryptocurrency Exchanges Have Security Holes
According to a new report from ICOrating.com, 54% of all cryptocurrency exchanges have poor security in one or more areas, such as lack of 2FA and email verification. Among 100 exchanges profiled, Coinbase and Kraken’s security scores are the highest, while Okcoin is on the bottom of the list.
STATE COINS
Controversial Oil Backed “Petro” Launches
Venezuelan president Nicolas Maduro has appeared on national television to announce the official launch of the controversial national oil backed cryptocurrency Petro. It has an official website, has listed on six exchanges, the wallet is on Google Play and the public sale starts November 5. All oil purchases in and out of the country will now be paid for with the Petro. Venezuela is experimenting with crypto as hyperinflation is set to reach one million percent this year.
REGULATION
South Korea’s Policy Chief Calls for Legalization of ICOs
The chairman of Korea’s National Policy, Min Byung-Doo has called for the legalization of ICOs along with a regulatory framework set in place. The country announced a ban on ICOs in September 2017, however Min stressed that there are economic advantages of token sales.
SECURITY
Google Takes Aim at Cryptojackers
Google is bringing in new rules for Chrome extension developers in an effort to thwart cryptojacking. In the new version of the browser users will be able to restrict an extension’s access to a custom list of sites or require extensions ask for permission before gaining access to a page. Extensions with hidden or obfuscated code (implicated in 70 percent of cases) will be banned.
ADOPTION
Blockchain Adoption Highest in Semiconductor Industry
A new Accenture report finds that, the semiconductor industry is the top sector when it comes to the integration of blockchain and the impact of artificial intelligence and extended reality. Other sectors such as aerospace and defense, life sciences, insurance, software and platforms, and communications also show an increase in blockchain adoption.
