Weekly Highlights: Crypto News

🥳Did someone say Friday? Cuz we’ve got our weekly selection of crypto news finished and ready to be shared. Let’s dive into it!

What’s new on WhiteBIT?

✔️Haven Protocol listed!

• XHV is joining our exchange!
• Haven (XHV) is a privacy-oriented digital asset based on Monero.
• Haven can be used for any purchases where security is a priority.
• XHV is paired against BTC.
• XHV SMART Staking plan and Trading Competition are coming soon.

✔️GokuMarket listed!

• GMC is joining our exchange!
• GMC is the world’s #1 utility token that enables the GokuMarket blockchain economy with crypto debit cards, e-commerce, etc.
• The purpose of GMC is to give the community an incentive to buy, store, and primarily use it at a minimum rate of $0.50 per GMC for purchase.
• GMC is initially paired against BTC with more to come…

✔️Believer listed!

• BLVR is joining our exchange!
• Believer Coin (BLVR) is the new digital collateral token for facilitating retail cryptocurrency payments on the Believer network.
• BLVR is an ERC20 token with a fixed supply.
• BLVR is paired against BTC.

✔️LYRA listed!

• LYRA is joining our exchange!
• LYRA is a digital asset and not a token as it has a proprietary blockchain called Scrypta.
• Scrypta is a peer-to-peer infrastructure designed to develop new business models and public governance management.
• LYRA is paired against EUR, with BTC pair coming soon.

✔️Horizen listed!

• ZEN is joining our exchange!
• ZEN is a cryptocurrency with an optional privacy feature that allows you to take control of your digital footprint.
• ZEN offers two different types of addresses: T-Addresses & Z-Addresses.
• ZEN is paired against USDT as well as against RUB for the first time ever.

⚡️New Article Alert: Horizen Introduces WhiteBIT⚡️

• New ZEN:RUB pairings are now available to Horizen’s community!
• Another exciting pair is ZEN:USDT.
• Trading is open since July 30th. Trade like a pro now!

What’s new in the world of crypto?

❕China Didn’t Ban Bitcoin Entirely, Says Beijing Arbitration Commission

• China, one of the world’s most strict jurisdictions for cryptocurrency trading, has not completely banned Bitcoin (BTC), a local non-profit arbitration organization says.
• According to a July 30 report published by the Beijing Arbitration Commission (BAC), China’s prohibition of Bitcoin is more nuanced than some have suggested.
• According to the BAC, China prohibits token funding and trading platforms from engaging in exchanges between the legal tender and virtual currency or tokens.
• The commission then states that the same law that bans cryptocurrency as money, recognizes it as a virtual commodity.
• As the country currently has no laws on Bitcoin, it cannot be recognized as virtual property.
• China has emerged as one of the most strict countries in terms of crypto after regulations on local cryptocurrency exchanges back in 2017.
• China’s central bank has been progressing with its central bank digital currency.

❕North Korea’s Crypto Extortion Efforts Have Expanded Considerably in 2020

• A group of hackers associated with the North Korean regime has kept their crypto extortion efforts alive in 2020.
• A group of North Korean hackers operating under the name “Lazarus” targeted several crypto exchanges last year, according to a report published by Chainalysis.
• One of the attacks involved the creation of a fake trading bot that was offered to employees of the DragonEx exchange.
• Findings show that in March 2019, the hackers stole approximately $7 million in various cryptocurrencies from the Singapore-based exchange.
• Cybersecurity vendor Cyfirma warned in June about a massive crypto phishing campaign that could be launched by the North Korean hacker group.
• The campaign will allegedly target six nations and over 5 million businesses and individuals.

❕Bitcoin Giveaway Scam Hits Popular Indian Youtuber

• Ajey Nagar, a Popular Indian YouTuber with 6.7 million subscribers, is the latest victim of the ongoing BitCoin giveaway scam on Youtube.
• The hack happened on Nagar’s second Youtube channel- CarryisLive where he streams himself playing video games with YouTubers and celebrities.
• Two Bitcoin giveaway scam promotional videos were reportedly posted on the channel. Both videos displayed bitcoin addresses.
• This is not the first time Bitcoin giveaway scams made their way on Youtube.
• Fake Bitcoin giveaways from channels claiming to belong to Elon Musk scammed users out of $150,000.

❕Bank of England Building Payments Network to Support a Potential Digital Pound

• The Bank of England’s upcoming settlement service is being designed to support a possible central bank digital currency (CBDC).
• CoinDesk has learned the BoE will ensure its redesigned real-time gross settlement service (RTGS), the payments network used by U.K. financial institutions, can be forwards compatible with CBDCs, such as a digital pound.
• The new settlements system is being designed that the bank could “bolt-on” a facility for digital currency transactions, should it decide to support a CBDC.
• Modules for other future capabilities, as well as the digital pound, are also being considered for the upcoming settlement system.
• On average, RTGS settles more than £685 billion ($900 billion) worth of transactions each working day.

❕Ether Addresses in Profit Have Soared 132% in a Year

• Even with ether (ETH) close to yearly highs, profitable addresses have grown by a hefty 132% since last July.
• In the last week, ether has established a foothold above $300 for the first time in 12 months.
• The number of profit-making or “in the money” ether addresses has more than doubled to 31.37 million from 13.5 million over that time, according to blockchain analytics firm IntoTheBlock.
• The numbers indicate many took advantage of the opportunity to buy ether under $300, resulting in almost 18 million more in-profit addresses — a rise of 132%.
• The majority of the buying may have happened following the cryptocurrency’s dips to levels near $100 in December 2019 and March 2020.

Stay tuned for more news!

WhiteBIT Team