Tuesday, 14 August 2018

Cyber hackers hitting victims with malware are proliferating today's society – seeking cryptocurrency as ransom – and are now targeting municipalities in addition to the private sector, as The Wall Street Journal reported.

Charles Hoskinson, CEO of IOHK – the team leading up development on the Cardano blockchain – and one of the original founders of Ethereum, has espoused his belief that the long-term outlook for crypto markets is as bright as ever, despite the market slump that has been occurring over the last six months.

The Tokyo District Court on Friday put on hold the ongoing bankruptcy proceedings for MtGox Co. and issued an order to start civil rehabilitation proceedings for the now defunct Tokyo-based major bitcoin exchange.

Japan's Financial Services Agency issued business improvement orders on Friday to six virtual currency exchanges for lax oversight against crime, prompting a leading platform to stop accepting new customers in one of the world's most active crypto markets.

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