Blockchain and crypto world is full of innovations, assumptions and sometimes wildly wrong predictions. If you’ve missed the crypto news of this week, this post provides a comprehensive look at the stories that made headlines. A lot has happened in the cryptocurrency and blockchain world. Here is a quick round-up of crypto news you may have missed:
Italian Football Club Juventus FC To Launch Fan Token
Juventus FC, a professional Italian football club in Turin, Piedmont is all set to launch its own fan token with Blockchain Platform Socios.com. The soccer club has announced a multi-year strategic partnership with the blockchain platform Socios.com. The club has won 34 official league titles. On the international stage, the club occupies the 4th position in Europe and the eight in the world for most confederation titles won with eleven trophies.
Juventus FC has now joined the blockchain/cryptocurrency project as part of an inclusive strategy to integrate distributed ledger technology with fans. The club will launch ‘Juventus Official Fan Token’ to its global fan base. The Juventus FC Official Fan Token will only be accessible through Socios.com and will be tradeable against the platform’s native token, $CHZ.
Cryptojacking In The Real World
Researchers from Fudan University, Tsinghua University and the University of California Riverside have published the first systematic study about cryptojacking in the real world called as “How You Get Shot in the Back”. This study has revealed growing sophistication in the malicious mining of Cryptocurrency.
They found 2,770 uncommon cryptojacking samples from 853,936 popular web pages, including 868 among top 100K in Alexa list. By using these samples they gained a more clear picture of the attacks, including their impact, distribution mechanisms, obfuscation, and attempts to avoid detection. They further found that a different set of companies benefit from this activity because of the unique wallet ids. Not only this, to stay under the radar, they also update their attack domains. They also found that some cryptocurrency mining services, such as Coinhive, are abused to insert cryptojacking in large scale and cryptocurrency mining services have not paid enough attention to avoid abuses.
Bitwala Raises €4m Fund To Launch Blockchain Banking In Germany
Bitwala, a global blockchain-based payment service provider based in Berlin, Germany is all set to launch blockchain banking after raising €4 million from Earlybird and coparion. Bitwala was founded by Jörg von Minckwitz, Jan Goslicki, and Benjamin P. Jones in October 2015. This German startup uses cryptocurrency to provide a much faster and cheaper solution. Von Minckwitz, Goslicki, and Jones are long time business partners. They have founded other blockchain businesses before Bitwala such as All4btc.com and Transistor Coworking. The transistor is Germany’s largest fintech coworking space.
In August 2016, Bitwala launched a mobile and web cryptocurrency wallet for Android and iOS. The bitcoin wallet has multi-signature technology and Two-Factor, allowing transactions to be signed on its clients’ devices.
SBI Ripple Asia Gets Payments License
SBI Ripple Asia, a joint venture between SBI Holdings and Ripple has won a payments license to launch its blockchain based payments app for clients. SBI Ripple Asia is a next-generation payment platform powered by Distributed Ledger Technology to financial organizations and remittance transfer providers in Asia.
The firm will also start the demonstration experiment of “S coin”. It is a settlement coin that enables charge and settlement on a smartphone. In this experiment, for SBI group employees, SBI Ripple Asia will create a protocol that enables cashless settlement at restaurants in Roppongi 1-chome Izumi Garden Tower where SBIH resides.
Q2 2018 Sees an 85% Increase in Crypto Malware Attacks
The McAfee Labs Threat Report for September found that malware that engages in cryptocurrency mining – using PC’s resources to mine coins for someone else – doubled in Q2 2018 with an 85% increase. Just under 3m mining attacks were reported in the first three months of the year, but the following quarter saw this increase to approximately 5.5m.
McAfee’s research also found that there was an increase in malware attacks targeted at mobile devices. A growing trend for mobile adoption has been noticed across the sector as both CoinMarketCap and Binance Info have released apps for users to access market data on mobile devices. The new Zcash (ZEC) ‘Sapling’ update will reduce the computational power needed for its encryption algorithm zk-SNARKS, which will make mobile transactions using phones a reality. Hackers often embed the malware into legitimate websites; when a victim visits the site it activates and takes over control of the CPU to mine the chosen Proof-of-Work (PoW) coin.