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Hottest Blockchain News Weekly # 2

Tomorrow is a brand new day. That goes double for the crypto world as the dynamic industry of the blockchain-bases projects and cryptocurrencies are always full of exciting news, events, and occasions. We provide you with the most recent and inspiring stories of the outgoing week.

1)Youngest Crypto Billionaire goes for McDonald’s

The 34 year-old co-founder of the Bitmex exchange and Oxford graduate Ben Delo is recognized as the youngest British billionaire who has succeeded on his own, reports The Daily Mail.

According to Ben Delo himself, sincle 2014 he worked on his startup hard for 18 hours a day. He also said that at the initial stage the company had little money, so he rented accommodation on the online site Airbnb. At present, BitMEX is one of the largest cryptographic platforms in the world with a daily trading volume of about $ 2 billion.
As the newspaper writes, now the youngest crypto-billionaire of Great Britain lives with his wife in Hong Kong. Ben Delo said that he promotes a modest lifestyle and prefers to donate his money to charitable organizations.

Bitcoin-billionaire and his wife, according to the publication, use vouchers to buy food in McDonald’s and have only three pairs of shoes.
Note that there are at least 35 bitcoins-billionaires around the world, although, according to the publication of BitInfoCharts, this number can reach 200 people.

2) Crypto money laundering is still at large

It is reported that over the first six months of 2018 with the help of crypto-currency, $ 761 million.

During the first six months of 2018, fraudsters cleared $ 761 million in cash generated through illegal activities. The American company published such data on cybersecurity CipherTrace, writes American Banker.
As CEO of CipherTrace Dave Jevans said, the world trend of money laundering using crypto-currency sharply increased this year. According to his forecasts, by the end of 2018, the amount of funds “hidden” in this way will grow to $ 1.5 billion.
For comparison, for the entire year of 2017 criminals, to conceal their illegal incomes laundered $ 266 million – three times less than in the first half of 2018.
In the fight against this unfavorable trend, the company created an anti-wash platform CipherTrace AML, which is based on artificial intelligence. To identify potential sources of money laundering, the system uses advanced analysis methods and public cloud services.

The technology developed by CipherTrace offers a visual interface showing traces of financial flows and attributive information about the current currency location, including the country and the exchanges used. According to Dzhevans, these flows can also help determine the possible origin of the transaction from the darknet.
In June, the tax authorities of the United States, Australia, Canada, the Netherlands and the United Kingdom joined forces to fight tax crimes and money laundering using cryptocurrency.

Recall, in April, Europol detained 11 people who developed a scheme for money laundering through crypto-currencies.

3) ICO Hypetrain goes hot – more than $14 Billion gathered

According to the report of the joint study by PwC and the Crypto Valley association, in the first five months of 2018 with the initial placement of coins (ICO), 537 start-ups managed to raise $ 13.7 billion. This included projects such as Telegram and EOS, which collected 1.7 and 4.1 billion dollars, respectively.
Last year, 552 ICO-projects collected a total of 7 billion dollars. Even if you do not take into account Telegram and EOS, this year ICO has already raised about $ 8 billion.
According to Daniel Diemers, head of PwC Strategy, “after the ICO boom in 2017, now more attention is paid to improving business and legal practices, investor relations and attracting financing.”
The report notes that the success of ICO projects in 2018 is primarily due to the involvement of hybrid companies that allow start-ups to raise funds after receiving venture financing publicly. Such ICOs prefer to collect from 100 000 to 1 million dollars from venture investors and only then to open the presale to the general public.

This year in the UK there was almost as much ICO as in the US, and given the number of planned companies, the UK is in the lead. Regarding the number of funds raised (about half a billion dollars), Swiss projects have almost equaled that of Great Britain, and Lithuanian and Estonian projects have collected the same amount in aggregate.

Against the background of the Telegram and EOS companies, the Cayman Islands and the Virgin Islands rose in the rating, followed immediately by Singapore, which far exceeds other Asian countries.

Despite the active competition among European projects, as well as the favorable attitude of the French Ministry of Finance to the cryptocurrency area, France did not fall under this rating.

The latest in the ranking in Hong Kong, which is likely to be influenced by Chinese bans, despite being technically a separate jurisdiction.

Of the top 20 most substantial ICO funds as of November 2017, 65% have either submitted their product or are close to it, 20% have severe problems in the process of selling the product, 10% have no product, 5% have abandoned their plans.

Key findings:

Starting in 2013, 3,470 ICOs were conducted. Even though many stopped or ceased to exist, 30% were still able to complete the procedure successfully;
The leading place for the ICO is the USA. In the first five months of 2018, 56 projects were able to raise $ 1.1 billion;

Switzerland is the recognized capital of the ICO, but in 2018 Britain broke out in the first place regarding volume and quantity.

ICO is gaining momentum and is becoming a real alternative to financing, as technology start-ups around the world continue to raise funds through the ICO bypassing banks and other intermediaries. However, ICOs are increasingly beginning to register with the US Securities and Exchange Commission.

4) Bleeping Computer: new virus software can monitor 2.3 million BTC addresses

The CryptoCurrency Clipboard Hijackers virus can monitor 2.3 million cryptocurrency addresses and change them to other wallets, Bleeping Computer reports.
Malware is detected as part of the All-Radio 4.27 Portable package. Last week, hackers forged the program and gave out an infected version for the original.
With the activation of the package, the malware begins to run unnoticed for users in the background. So, after installation in the Temp folder on Windows, a DLL file named “d3dx11_31.dll” is downloaded. When the user reboots the computer, an autorun program is created that opens this DLL file. The DLL file is executed using the command “rundll32 C: \ Users \ [user-name] \ AppData \ Local \ Temp \ d3dx11_31.dll, includes_func_runnded”.

The virus then looks for BTC addresses in the Windows clipboard. If you copy the address without checking the transfer, then the cryptocurrency will fall on the purse of scammers.

As the newspaper writes, the best way to protect yourself against such viruses is to double-check the copied cryptocurrency addresses and use anti-virus programs.
Note CryptoCurrency Clipboard Hijackers is a unique virus due to the number of addresses that are monitored. Earlier, Bleeping Computer detected malicious programs that tracked more than 600,000 addresses.
During the first quarter of 2018, McAfee Labs discovered over 2.9 million malicious programs for the hidden cryptocurrency mining.

5) Canada blockchained: 5% of Ontario inhabitants hold cryptocurrency assets.

About half a million (5%) of the inhabitants of the Canadian province of Ontario are owners of bitcoin or other crypto-active assets. These are the results of a study conducted in the most densely populated area of Canada by the Department of Investments of the Securities Commission of the region, writes CCN.

Most often, interest in the industry of crypto-currencies is shown by men aged 18 to 34 years. About half of them spent less than $ 1 thousand to buy cryptocurrency, 90% spent less than $ 10 thousand. 9% of investors (almost 50 thousand people) invested more than $ 10 thousand in crypto-active assets.

“The survey results show that the vast majority of Ontarians look at crypto-active with caution. Only a small percentage owns them, and most often they do not spend significant amounts of money to purchase them, ‘the document says.
A significant portion of the investment was made from existing savings. Some also borrowed money or used credit cards, of which more than two thirds fully repaid loans.

The survey also revealed that about 1.5% (about 170 thousand) of Ontario residents took part in the initial deployment of tokens (ICO). Information about them investors received via e-mail, from online advertising, from friends and relatives, and through social networks.

About 46% of respondents indicated that they acquired their assets on trading platforms, while 28% minted them. About 19% used for crypto-cash ATMs and 18% received them for free, for example, via airdrop. Another 18% received crypto-currencies as payment for goods or services, and 16% – during the ICO.
To acquire crypto-agents, Ontario residents used to use trading platforms in the USA (48% of respondents), about 32% used trading platforms based in Canada. Platforms based in the UK and Hong Kong are also popular.

The poll also showed that the inhabitants of the province have an idea of ​​the crypto-currencies, but they can not explain the principles of the technology operation. Most residents of Ontario know about bitcoin – 81% say they knew about it. About Bitcoin, Сash heard only a quarter (25%) of the respondents. The number of those who knew about Litecoin was 13%, and only 11% of the respondents know about the second most popular cryptocurrency of Ethereum.

Recall, previously the state-owned energy company Hydro Quebec presented to the authorities of the Canadian province of Quebec a plan that will determine the procedure for working with local ministers cryptocurrency.

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