Did you miss the Decrypto Store & Club news feed? We, too! Today, we are considering five top news of the cryptocurrency industry, which makes goosebumps. Do not forget to like and write comments!
Table of Contents
Coinbase Pro kills retail traders
The owners of the Coinbase Pro exchange increased the commission for retail investors by 233% (according to the exchange, these are users whose turnover does not exceed $ 10 thousand per month). Users with high trading volumes may not worry – commissions for them will not increase, and, perhaps, even lower.
Exchange officials said the update would increase the depth and liquidity of markets.
Now fees are 0.15% for makers and 0.25% for takers. Based on the new tariffs, retail investors will pay 0.5%.
Coinbase Pro reports that the commission increase is negligible, and investors have issued an ultimatum – “either you reduce the commission, or we are leaving for Binance US.”
Stablecoins worry FSB
Stablecoins can cause serious regulatory problems. This is reported by Randall Quarles, chairman of the FSB (Financial Stability Board).
Now the risks to financial stability are small, but it is obvious that taas stock and other crypto assets can become causes for regulatory problems in the near future, he concluded.
Right now, the FSB is busy exploring existing regulatory approaches for regulating the stablecoin industry. And that means that very soon, G20 initiatives will be transferred to ensure the stability of this market.
A phishing attack cost hackers $ 160, and lasted a whole year
Prevailion, an Internet security organization, reported that MasterMana Botnet tools (they were used for phishing) cost $ 160.
The MasterMana Botnet tool sends out emails on behalf of various companies. A special file is attached to the letters. Immediately after its discovery, the victim launches a chain of events that complicate the detection of the virus. As a result, a fileless backdoor appears on the computer.
Malicious code is injected by hackers into the Microsoft Office software package, including Word, Excel, PowerPoint, and Publisher. In order to empty the wallets, hackers use Azorult software, which is able to steal personal data and passwords.
Prevailion reports that the spread of malicious emails began in December last year and lasted until September 24 of the current year. In 2019, the botnet was able to penetrate 72 thousand devices.
The VPS rental price is estimated at $ 60, and the Azorult Trojan virus cost about $ 100.
Central Bank has prevented Indian police from transferring funds from bitcoins sold
India’s Internet police have lost access to the $ 1.2 million that came after the organization confiscated bitcoins and sold them. This was due to the actions of the RBI of India.
The Times of India reports that Pune’s law enforcement authorities were able to seize 244 bitcoins after investigating the GainBitcoin cryptocurrency pyramid. In order to convert cryptocurrencies into rupees, the police used the services of Discidium Internet.
In the future, law enforcement agencies decided that funds should be transferred to the state treasury, but RBI decided to freeze the account of the company due to the operation of cryptocurrencies by local financial companies.
From this day on, the police and the company they hired are awaiting a court decision regarding defrosting bills.
It is worth recalling that the RBI has forbidden the institutions under its control to provide private individuals and companies with services related to digital currencies. It happened back in 2018. The central bank reports that cryptocurrency is used to xrp price prediction, launder money, finance terrorist activities, and is also a serious threat to the financial stability of the world.
Many residents of India organized a petition against the ban, but it had no effect.
Critical vulnerability in MakerDAO has been fixed
MakerDAO developers successfully fixed the vulnerability, as a result of which 10% of the total collateral funds of DAI users could be lost.
A user named lucash-dev found an error in Multi-Collateral Dai during the testing phase. Thanks to the vulnerability, the attacker was able to steal the entire security deposit, which is at the liquidation stage in MCD.
Based on the information on lucash-dev, the attack could have occurred due to the lack of access control in the smart contract of the system.
At a time when MCD was at the stage of liquidation of the collateralized debt, the attacker was given the opportunity to create a fake auction with an arbitrary rate. Thanks to this, he could receive all the pledges that are in the system.
Lucash-dev was given a $ 50,000 reward as part of the MakerDAO bounty program.