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The Malta Stock Exchange has separately announced today that MSX, the innovation, digital and fintech arm of the group, will be developing two new platforms for listing and trading security tokens. Neufund is developed in partnership with Binance, and OKMSX in collaboration with Okex.
A subsidiary of the Malta Stock Exchange and Binance, Neufund aims to become an end-to-end primary issuance platform for security tokens, equity tokens in particular. It will allow for secondary trading of equity tokens and enable companies from around the world to raise funds in a legal way while offering liquidity. Seven companies are already slated to conduct an Equity Token Offering (ETO) on the platform: Founders Bank, Brille24, Uniti, Myswooop, Next Big Thing, Blockstate and Emflux Motors. A pilot project is promised later in 2018 which is said to include the public offering of tokenized equity on Neufund’s primary market which may later be tradable on Binance and other crypto exchanges pending regulatory and listing approvals.
“We are thrilled to announce the partnerships with Malta Stock Exchange and Binance, that will ensure high liquidity to equity tokens issued on Neufund. It is the first time in history, that security tokens can be offered and traded in a legally binding way. The upcoming pilot project will allow us to test the market’s reaction and realize the overall project idea in an environment with minimized risk,” commented Zoe Adamovicz, CEO and Co-founder at Neufund.
OKMSX is meant to leverage Okex’s digital asset operations and security expertise, along with the Malta Stock Exchange’s 26-year experience in regulatory compliance and client due diligence. It aims to develop an institutional grade security-tokens trading platform. The two parties say they strive to finalize the joint venture by Q3 2018 and that this new platform will launch by Q1 2019 to service clients globally from Malta.
“Malta is taking the helm of regulating the blockchain technology and cultivating a regulated cryptocurrency and ICO epicentre. This joint venture marks our confidence in the Maltese government as well as our commitment to providing an efficient, secure, and transparent blockchain trading environment to clients worldwide. We believe OKMSX will be a milestone in the economic development of Malta,” said Tim Byun, Chief Risk Officer and Head of Government Relations of Okex.
“Today Malta opened up a way for legally binding listing and trading of tokenized securities. We are proud of Malta Stock Exchange to enter a partnership with a worldwide leader in primary offerings on blockchain such as OKEx. I look forward to the fruitful collaboration in the future,” commented Silvio Schembri, the Maltese minister for Financial Services, Digital Economy and Innovation.
Are security tokens listed on stock exchange-backed platforms really more safe to invest in? Share your thoughts in the comments section below.
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A growing number of hotels have begun employing robots to deliver towels, toothpaste and other items to guests — an addition viewed primarily as a novelty to appeal to tech-loving travelers.
But less than a year after the mass shooting near a Las Vegas hotel, a Southern California casino resort…
Two of the leading international cyber security firms, one from Russia and one from the USA, have both published their finds at the end of June showing an increase in the malware threats market share of cryptojacking at the expense of ransomware.
New Crypto Crime Top Dog
Kaspersky Lab, the Moscow, Russia-headquartered cyber security firm, has determined that cryptojacking has taken the place of ransomware as top cyber bad dog in 2018. Their data shows that the number of users attacked by ransomware is in serious decline, the figure dropped by nearly half, from 1,152,299 in 2016–2017 to 751,606 in 2017–2018. Over the same two-year period, cryptojacking incidents rose in total number, from 1.9 million to 2.7 million, as well as in share of all cyber threats detected, from 3% to 4%.
“Crafty cryptominers have moved up to take ransomware’s place, invading users’ and businesses’ computers and devices and taking advantage of their power to put cryptocurrency in the pockets of thieves. Whereas ransomware enters with a flourish and freaks out its victims, cryptominers strive to remain hidden — the longer they toil, the greater the perpetrators’ profit — and as a result, victims may not notice them for a time,” Kaspersky Lab researchers explained.
Cryptojacking Is Simpler, More Straightforward, Less Risky
McAfee Labs, the Santa Clara, California-headquartered cyber security firm, also determined that ransomware has been dethroned by cryptojacking. It found that cryptojacking malware grew a whopping 629% to more than 2.9 million known samples in Q1 2018 from about 400,000 samples in Q4 2017. At the same time, new ransomware samples saw a significant decrease in Q1 2018, falling 32%.
“Compared with well-established cybercrime activities such as data theft and ransomware, cryptojacking is simpler, more straightforward, and less risky. All criminals must do is infect millions of systems and start monetizing the attack by mining for cryptocurrencies on victims’ systems. There are no middlemen, there are no fraud schemes, and there are no victims who need to be prompted to pay and who, potentially, may back up their systems in advance and refuse to pay,” McAfee Labs researchers explained.
What are the possible implications for cryptos from this development? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.
The post Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers Find appeared first on Bitcoin News.
European pledges to pursue close security ties with Britain after Brexit have been numerous since the U.K.’s vote to leave the bloc two years ago today—but to some, they are starting to ring hollow.
WSJ.com: What’s News Europe
Homeland Security Secretary Kirstjen Nielsen, one of the main defenders of the administration’s harsh border policies , decided to dine at a Mexican restaurant Tuesday night. It did not go well. Protesters entered the MXDC restaurant and confronted Nielsen and her dinner companion about the family separation policy, the New York…
Dear Liz: A family member recently lost her spouse. His monthly Social Security check was $ 1,800 and hers is $ 750. I have two questions.
First, is my understanding correct that she is able to begin collecting his monthly amount instead of her own?
Second, instead of collecting Social Security based…
Goodbye metal fencing, hello glass walls: Paris authorities are building a permanent security belt around the Eiffel Tower, replacing the current fencing around it with more visually appealing bulletproof glass walls, reports the AP . The company operating France’s most-visited monument says see-through panels are being set up at the north…
Hacken has launched a new website that provides an all-in-one tool for rating cryptocurrency exchanges. Crypto Exchange Ranks (CER) allows for side by side comparisons of well over a dozen exchanges, including real-time arbitrage data and ratings for liquidity, compliance, reliability, and security.
CER Aims to Accurately Rank Cryptocurrency Exchanges
Crypto Exchange Ranks by Ukraine’s Hacken officially launches on Monday, June 18. The service allows users to access a wide range of metrics for major exchanges within the cryptocurrency ecosystem. News.Bitcoin.com was granted access to the beta version of the platform, which comprises a scoring dashboard for exchange comparison together with tabs for viewing liquidity and arbitrage.
While not every feature has been activated in the beta version, the ones that are in operation appear to work well and provide useful tools for traders seeking arbitrage opportunities, or trying to determine the withdrawal limits of various platforms. Anton Kaminsky, Business Development Director of Crypto Exchange Ranks, told news.Bitcoin.com that the goal was “to create a sophisticated tool for crypto exchange rankings, to save time and effort for all market participants”.
CER Is to Exchanges What CMC Is to Cryptocurrencies
While platforms such as Coinmarketcap provide certain data on exchanges, such as 24-hour volume and most traded pairs, CER has taken a different approach. The site, which will be free at launch before later introducing a subscription model, scans the order book of each exchange in real time to calculate its size. It also enables users to compare prices for any coin on up to five exchanges, to view aggregated volumes for up to five exchanges, and to check the balances of the platforms’ hot and cold wallets.
While most traders are unlikely to be concerned with cybersecurity ratings, the existence of such tools may incentivize exchanges to improve their service, knowing that their every action is being monitored. Dmitriy Budorin, CEO of Hacken who created the platform, said: “Cryptocurrency exchanges are the backbone of the whole emerging crypto economy. CER will contribute to its healthier development. We hope that with CER, the exchanges will start taking their cybersecurity more seriously and refuse any bad practices, while users will receive comprehensive tools for smart decision making”.
Version 1.0 of CER launches on Monday, before future updates will add the ability to track aggregated portfolios, and to access TA and FA tools within the platform’s dashboard.
Would you use a platform like Crypto Exchange Rankings? Let us know in the comments section below.
Images courtesy of CER.
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President Trump and North Korea’s Kim Jong Un concluded an extraordinary nuclear summit Tuesday with the US president pledging unspecified “security guarantees” to the North and Kim recommitting to the “complete denuclearization of the Korean Peninsula,” the AP reports. They coupled the summit agreement with lofty promises by Trump to…