In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Bearish pressure on the market continues. Altcoins follow the BTC/USD pair.
One of the leading Bitcoin exchanges, Binance, has become crowded in the cryptocurrency space and now the company plans to include trading in pairs with fiat currencies. This was stated by Binance CEO Changpeng Zhao.
According to the Chinese cybersecurity company Qihoo 360 Netlab, a group of hackers stole coins worth more than $20 million from applications on the Ethereum network. The attack became possible due to unprotected network ports of Ethereum nodes (default RPC port: 8545).
As major cryptocurrencies such as Bitcoin and Ethereum rose 1 to 3 percent, the cryptocurrency market capitalization increased from $290 billion to $296 billion. However, the market continues to show bearish trends.
After yesterday's decline and market recovery, the price decline will continue, but will not be as dynamic as before
The International Anti-Money Laundering Task Force (FATF) plans to develop common rules regarding combating money laundering that all cryptocurrency exchanges around the world will have to adhere to. An unnamed Japanese government official said the group intends to hold talks on the issue starting June 24, according to Reuters.
Cryptocurrency traders in South Korea, and indeed around the world, can relax a little as South Korea has announced its intentions to regulate crypto exchanges in the same way it regulates commercial banks. Regulation will be carried out by the Korea Financial Intelligence Unit (KFIU) in cooperation with other local regulators.
Malware researcher Josh Grunzweig of Palo Alto Networks has identified 470,000 unique malware samples that covertly mine coins on other people's computers. 84 percent of these samples are aimed at mining Monero (XMR).
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