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MyEtherWallet Records More Hack Attacks Than All Major Banks In The World Combined

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MyEtherWallet, the most popular Ethereum wallet has recorded more hack attempts than all major banks in the world combined.

According to a cybersecurity company Segasec, they have been defending MyEtherWallet from other potential malicious attacks. They assure that these attacks don’t really come as a surprise since the value of Ethereum tokens reached incredible highs.

New strict security measures need to be implemented for improved safety to private keys and login tools. Segasec says that since the beginning of the task, it took down more than 300 active attacks which are 30 attacks per week on average. The bad part is that the attacks don’t seem to decrease. The founder of Segasec, Elad Schulman, says that these statistics put MEW among the top companies that are the most exposed to a blow like this. According to him, this platform was targeted significantly many more times than other big names in the industry.

The founder of MyEtherWallet, says that the partnership with Segasec is focused at securing the platform and to make sure that the safety of their Ethereum tokens is at a high level.

 “We want our users to feel safe and we will do everything we can to make that happen, so partnering with Segasec is another major step towards safeguarding our users from malicious actors.”

Protection against threats like these is usually handled by a total takedown of the malicious platform or blocking them. Segasec at the moment is monitoring more than 3,000 suspicious domains in case they turn out to be legitimate attacks.

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Binance Plans To Expand To Eight New Countries But Declines To Confirm Six Of Them

The major crypto exchange Binance is again in the digital currency news, this time for its potential expansion to eight new locations around the world. What's interesting, however, is the fact that Binance has declined to confirm or even share a crypto press release in which it outlines the new locations. However, a report from The Block dubs a list of locations that may fill in the blanks. A day after it launched its new European-focused platform for fiat crypto trading in Jersey, Binance was featured in a report which included a spreadsheet allegedly outlining all of the locations for Binance's fiat-crypto exchanges that are already launched, intended and the ones under consideration. The latest launch in Jersey follows a list of countries including Uganda, Singapore, Malta, South Korea, Liechtenstein, Argentina, Russia, Turkey and Bermuda which sums up to eight prospective fiat platforms across four continents. Currently, Binance has confirmed only the Singapore and Malta expansion - both listed in the report as being slated for launch in 2019. However, the exchange did not unveil any information about the six other locations. One Binance spokesperson suggested that the spreadsheet featured in The Block was perhaps done by the team itself, as it was "definitely not from us" as he said. The most trusted exchange (according to one investor) recently announced that it would be launching a fiat-to-crypto exchange in Liechtenstein with support for Swiss francs (CHF) and Euros (EUR) even despite the company's refusal to The Block and its claims.
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Altcoin News

Stellar’s XLM Token Added To Greyscale’s Crypto Investment Trust Fund

Greyscale, the digital currency investment group officially launched their latest fund that is solely dedicated to Stellar Lumen’s Token XLM according to their tweet reaching our crypto news today. Greyscale has now approximately nine crypto funds that it operates and the company renamed all of their single-currency products to trusts. The company works as a ‘’single-asset investment products with maximum exposure’’ to Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and Ethereum Classic. The managing director Michael Sonnenschein said on an occasion that this newest addition is happening because of the investors demand to try to get more exposure to XLM’s price movements:
 “I think the theory is a sound one,” he said about Stellar’s business proposition for bridging crypto to fiat currency conversions. An American bank may be keeping large amounts of currencies in foreign banks, and to be able to bring those balances of foreign currencies onto a balance sheet as working capital is valuable. Financial institutions won’t be required to hold balances all over the place. This will improve efficiency and shore up balance sheets for other uses.”
Stellar had amazing performance especially in Q4 after striking a deal with crypto wallet provider Blockchain.com in order to start distributing XLM that is worth $125 million in an airdrop, hoping to increase bigger awareness and adoption. In the meantime, Greyscale had a mixed year in 2018 after bitcoin dropped to its 15-month low at $3,130. The company’s Bitcoin Trust was worth less than $1 billion for the first time in 2018. According to the crypto industry newsletter Diar’s research, Greyscale in the same apparently had holdings just over one percent of the total BTC in circulation. After the announcement, Stellar increased up by 1.22 percent.
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Altcoin News

Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle

Circle-the crypto finance company released the third official verification of the USDC stabelcoin dollar reserves according to the official statement making its way into our blockchain news today. By reading the report carefully, you can notice that as of December 31, 2018, at exactly 11:59, 251,211,149 USDC tokens were issued. The company has about $251,211,210 in their custody accounts and plus $61 surplus in dollar reserves. Circle issued a statement:
 “As of the Report Date and Time, the issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts.”
USDC is a stablecoin that is based on the Ethereum (ETH) ERC20 token which was first announced in May 2018 after Circle successfully raised $110 million from investors. The CEO of Circe Jeremy Allaire explained more about USDC by saying:
 “It’s a version of fiat that can move at the speed of the Internet with global reach, with much less cost, with high levels of security. It’s a huge improvement for how fiat money transmission can work around the world for consumers and for businesses who might want to collect digital payment with tokens.”
Circle’s third audit attestation on the stablecoin, shows that the company has a surplus of US dollar reserves that are able to back the circulating coins. The first one was published in November 2018. Also, back in December, the USDC stablecoin was added to one of the largest crypto exchanges in the world-Binance after getting listed on Huobi and OKEx both in October.
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Altcoin News

Market Sees Red, Losing $1 Billion Overnight While Bitcoin Remains At $3,600

The latest Bitcoin news show that the most dominant cryptocurrency is kind of idle when it comes to fast growth. Over the past few days, it managed to go in the green and in the red with less than 1% movements, holding firmly above the $3,600 mark. Bitcoin has stayed above the $3,600 threshold for some time now, while its highest price point over the past 24 hours was $3,707. Currently, BTC is at $3,637 with a loss of 0.32% overnight. The total market capitalization is down from $122 billion yesterday to $121 billion today - and down by more than $2 billion from the intraweekly high of $123..2 billion. Ripple (XRP) is slightly down as well, trading at $0.32 and falling by one cent compared to yesterday's numbers. Ethereum (ETH) also declined by 0.64% and is still at $122. EOS managed to surge by 0.68% overnight and is now trading at $2.44. While most of the top 10 is green, only EOS (EOS) and Tron (TRX) managed to rise. TRX rose to $0.024 with a 0.94% growth just like EOS and its sub-1% movements. The biggest growth overnight was initiated by Cardano (ADA) and Binance Coin (BNB). While ADA surged by 2.71% to a new price of $0.045, BNB managed to climb to $6.20 rising by 2% overnight. As it is right now, the cryptocurrency market definitely needs some movement on the green side. However, the idle movements can continue as well, proving that another bear market is here.
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