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TRON (TRX) and Ripple (XRP) Up, Despite $5 Billion Loss this Weekend

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The entire cryptocurrency market has hit a bit of a bear run moving into the new week. Towards the end of last week, most digital currencies saw quite a spike in prices. That didn’t last long as most of them quickly plummeted towards the end of the weekend, taking off $5 billion from the total market cap. Today, we’ll take a look at TRON (TRX) and Ripple (XRP).

Both of these coins are seeing green today. Let’s take a closer look at why this may be.

TRON (TRX)

TRON, now the world’s ninth-largest cryptocurrency by total market cap, is seeing the most percentage gains today out of all the top 25 digital currencies. The dApp-focused blockchain project has had quite the week of volatility.

Earlier this year, TRX saw a massive spike in its price, rising over 30% in less than 24 hours. However, the coin fell to -25% percent days after its high.

Lately, TRON has been focusing specifically on its joint project with BitTorrent. Lately, Justin Sun has been tweeting about the BitTorrentToken airdrop taking place for TRX holders. It seems a majority of the major cryptocurrency exchanges that hold TRX will be supporting the airdrop.

Last weekend, TRON held its niTRON Summit in San Francisco. Kobe Bryant spoke with Justin Sun to close out Day Two of the event. Bryant is an NBA legend and now venture capitalist, but during his sit down, Bryant didn’t mention anything TRON, crypto, or even blockchain related. This segment of the day was the most attended part of the event, and that seemed to be the point of including it.

Many other cryptocurrency conferences have done just that. Ripple (XRP) is notorious for bringing in random celebs at these sorts of events. It remains unknown at this time if the event is what has caused the sudden spike in TRON prices.

>> Japan’s SBI Group Invests $15 Million in Tangem Crypto Wallet

According to CoinMarketCap, TRX is trading at $0.0253 a coin, up 5.66% in 24 hours.

Ripple (XRP)

XRP is seeing green today, while most other major digital currencies are in the red. Ripple hasn’t released any recent news since January 17th. At that time, the company released a blog post targeting a discussion held at its Swell 2018 conference held last fall. Earlier this month, Ripple announced RippleNet had surpassed 200 customers worldwide.

While XRP isn’t up as much as TRON today, it remains unknown why XRP is seeing gains when most other coins with recent news aren’t. Still, the daily gains or losses in coins rarely reflects the progress the actual project is making in the blockchain space.

According to Yahoo Finance, XRP is currently trading at $0.32 a coin, up +0.07%.

Featured Image: Depositphotos © Primakov

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Tangem Crypto Wallet | Japan’s SBI Group Invests $15 Million

in Banking/coin news/coin news today/Crypto News/crypto news updates/crypto updates/cryptocoinsnews/cryptocurrency/cryptocurrency 2017/cryptocurrency market/cryptocurrency news/cryptocurrency news updates/cryptocurrency prices/cryptocurrency trading/cryptocurrency updates/cryptonews/digital currency news/editorial/latest cryptocurrency/latest cryptocurrency news/new crypto coins/new cryptocurrency 2017/new cryptocurrency release/prconnect/Tangem/trending by

Announced today, Japanese banking giant SBI Group has invested in Swiss crypto startup Tangem.

The company is the creator of a slimline hardware cryptocurrency wallet.

SBI Group Invests in Tangem

SBI is offering its support to Tangem with a $15 million USD investment. It will use the capital to expand into areas such as stablecoins, ICOs, tokenized asset offerings, and digital identity.

Tangem Crypto Wallet

Described by the company as a “smart banknote for digital assets,” Tangem’s cryptocurrency wallet mimics a bank card in that it allows a user to make off-chain physical transactions. Effectively, a user can make in-store purchases, by loading the device with cryptos via an NFC-enabled smartphone.

SBI Group

SBI’s wholly-owned subsidiary SBI Crypto Investment provided Tangem with the funding.

The group has been busy partnering with a host of crypto startups. In October 2018, it invested in Denmark-based blockchain security startup Sepior and last March, it bought 40% of cold wallet maker CoolBitX.

SBI and Tangem

On the investment deal SBI Holdings President and CEO, Yoshitaka Kitao, said the following:

“The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote mass adoption of digital assets and blockchain […] We believe utilizing Tangem will help stimulate the demand for other blockchain services provided by SBI.”

>> Stellar (XLM) the Latest Cryptocurrency Added to Grayscale

Hardware Wallets

A hardware wallet is a physical cryptocurrency storage device. It is similar to an external hard drive in that the data is stored offline and the device is only connected to the computer when necessary. As such, it provides increased security for cryptos than other alternatives.

Because they store cryptocurrencies offline, hardware wallets such as Tangem are becoming an increasingly popular means of storage for the assets.

Numerous online exchanges and wallets have experienced notable hacks, and traders are often told to never store crypto on an exchange for that reason. According to a report from Japan’s National Police Agency (NPA), the issue is significant; the country lost $540 million USD worth of crypto in the first six months of 2018 to hackings alone.

Featured Image: Depositphotos © iqoncept

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Autonio Welcomes Stan Larimer | Autonio Team Expands

in Autonio/Banking/Press Release/trending by

The Autonio team is proud to announce that Stanley Larimer (@stan) has joined Autonio’s advisory board.

Stan will be working closely with the Autonio team to advise on the development of the NIOdex, assisting Autonio in developing their network within the cryptocurrency industry, and ensuring the humanitarian values of Prosperism remain an important influence on the project.

https://steemit.com/bitshares/@stan/autonio-and-the-sovereign-sky

Stan has four decades of experience in software, hardware, and systems engineering, program management, and business development. He contributed on 17 different R&D programs for air, ground, sea and space systems and has worked with major aerospace firms such as Boeing, Lockheed Martin, Northrop Grumman, and SAIC as consultant, tech lead, program manager and/or corporate officer. He currently serves as the President of Cryptonomex, a company that provides software development services to meet the growing demand for custom, high-performance blockchains and related technology.

Stan and his son Dan have co-founded or developed several industry-leading blockchain projects through their company Cryptonomex. These ventures include blockchains such as Steemit and EOS. Stan is perhaps best known for his work with BitShares, which he founded in 2013.

Autonio CEO and co-founder Ali Rahman commented on the recent news:
“We are very pleased to welcome Stan to Autonio. We believe his many years of experience in both business and tech development in the cryptocurrency space will prove to be a major resource for our project. The BitShares community has been very supportive of Autonio over the past year and it was only through our shared development of those ties that it became possible for Stan to join us as an advisor. It not only speaks to the effectiveness and potential of the platform we have already built, but also to our common values regarding the power of decentralized technology and how we believe it can be used to build a better future for us all.”

The BitShares platform itself is run and maintained by the BitShares community – an open consortium of individuals and organizations committed to providing universal access to the power of smart contracts. Working together, this community has designed and developed the BitShares platform to include numerous innovative features within the smart contract industry.

For more information please visit https://bitshares.org/
For more information on Cryptonomex, please visit https://cryptonomex.com

Autonio, or Automated Nexus of Intelligent Operations, makes cryptocurrency trading readily accessible to users of any skill level. Autonio provides an artificial intelligence (AI) algorithmic trading ecosystem that can be accessed using the NIO token. Automated trading algorithms can be used to take advantage of the high volatility in the cryptocurrency markets, creating additional opportunities for users.

The NIO Suite of products is a foundational toolset that bundles three flagship products for broad consumer use; AutoNIO, an automated trading platform; NIOdex, a decentralized exchange; and NIOnet, an AI-powered sentiment analysis tool.

Please visit https://auton.io/ for more information.

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Stellar (XLM) the Latest Cryptocurrency Added to Grayscale

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Grayscale, a cryptocurrency investment group, has just announced that it has launched its latest fund. This new fund is dedicated specifically to Stellar (XLM).

Grayscale Adds Stellar (XLM)

Grayscale is a digital asset management firm that operates under the Digital Currency Group umbrella. Before the addition of Stellar, Grayscale held eight other digital currency trusts.

The trusts now include:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Horizen (ZEN)
  • Litecoin (LTC)
  • Stellar (XLM)
  • XRP
  • Zcash (ZEC)

“We are pleased to bring Grayscale Stellar Lumens Trust to market and will continue to provide investors access to established blockchain projects with substantial traction and resources,” said Michael Sonnenshein, Managing Director of Grayscale. “Grayscale has established a leadership role in this emerging industry and the launch of this product will expand our coverage of the digital asset universe.”

The Grayscale Stellar Lumens Trust is now the first single-asset investment product that provides investors with exposure to Stellar (XLM). Stellar Lumens, or XLM, is the native digital asset of the Stellar Network.

>> Binance Freezes Tokens from Hacked Cryptopia Exchange

Sonnenshein spoke to Fortune about his views on the Stellar Network. The Director of Grayscale believes that Stellar is in a good position to be used in the world and believes the theory behind the project is sound. Specifically, Sonnenshein believes that the working capital aspect of the Stellar Lumens network is what will make it more appealing to banks.

The current banking system requires each major bank to hold large reserves of currencies in foreign banks, but being able to bring those balances of foreign currencies into working capital is what the Grayscale Director finds to be extremely valuable.

Currently, Grayscale also holds XRP, which is Stellar’s competitor. However, Ripple’s network is geared more towards banks, while Stellar (XLM) hopes its project will be used for just about anyone. Specifically, smaller businesses.

Featured Image: Depositphotos © shahurin

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Rocke Malware | Sneaky Monero Miner Can Disable Cloud Security

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There is a new malware out there to watch out for. Dubbed the Rocke Malware, this form of cryptojacking has the ability to disable cloud security software so as to illicitly mine for Monero (XMR) undetected.

Rocke Malware Discovered

Cybersecurity firm Palo Alto Networks is the team behind the worrying discovery. It published a report yesterday saying that the hacking goes by the disguise the Rocke Group and is targeting public cloud systems.

If downloaded, the malware takes administrative control, uninstalls cloud security products and then inputs a code that mines for Monero cryptocurrency.

It’s exceedingly clever; the system follows procedures detailed on the service provider’s user manual on how to uninstall the Could Host Security product. By doing this, it doesn’t arouse suspicion and goes undetected.

What is Rocke Malware?

The software has the ability to uninstall five different cloud security products on Linux servers. These cloud security systems are the product of major Chinese cloud developers Alibaba and Tencent, and the malware looks to be selectively targeting them.

To mine for Monero without detection, the Rocke Malware attacks vulnerabilities in Apache Struts 2, Oracle WebLogic, and Adobe ColdFusion applications, and then downloads a shell script named a7.

Rocke can also kill any potential rival hackers trying to infiltrate the system. When it first arrives on the system, it avoids detection because it acts without malice.

>> Stellar (XLM) the Latest Cryptocurrency Added to Grayscale

Monero (XMR)

Monero continues to be the chosen favorite of hackers. This is because its network has a high focus on privacy and user identities are concealed. It is incredibly difficult to trace transactions to the users on the Monero network. For this reason, the crypto is said to be chosen by criminals to send and receive illegal money.

According to a recent study, hackers have mined 4.32% of the total XMR in circulation. Further, a McAfee study published in December showed that incidents involving crypto mining malware grew over 4,000% in 2018.

Featured Image: Depositphotos © maxkabakov

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