TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. PwC links Iranian hackers and cryptocurrency exchange WEX. Tether will launch its own token on Tron. Monero critical bug disclosed. Bitcoin.com might be “under government attack.” Crypto could take cues of social media, and a new Bitcoin ATM gets installed in Botswana.
Tether Will Launch Tether Token on Tron
The biggest stablecoin company, Tether, is partnering with the Tron blockchain to launch a native version of the stablecoin as a token. Jean-Louis van der Velde, Tether CEO, declared, “This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.”
PwC Links Iranian SamSam Hackers and WEX Cryptocurrency Exchange
A new Strategic Intelligence Bulletin authored by PwC linked the Iranian authors of the SamSam ransomware software with a lesser known cryptocurrency exchange called WEX. Supposedly, they used the exchange as a means of laundering money illegally obtained as ransom. This exchange features strange cryptocurrency pairs involving digital currencies such as Perfect Money, which makes them ideal for laundering purposes.
Monero Critical Bug Lets Users Fake Deposits to Exchanges
A critical bug that let users fake deposit amounts to exchanges or wallets has been disclosed by RYO, a cryptocurrency derived from Monero. The vulnerability makes use of Coinbase transactions to mask the amount being transacted. The team behind this disclosure patched the issue on their blockchain seven months ago, but had not exposed it to the Monero team “because of their long history of toxic behavior towards security researchers.”
Bitcoin.com Might Be Under Government Attack
Bitcoin.com CEO Roger Ver informed through his account on Reddit that at least one email account of his company might be under government attack, according to an alert sent by Google. The response to Ver when he inquired to Google about the alert read, “We can’t reveal what tipped us off because the attackers will take note and change their tactics.”
Crypto Should Follow Social Media Cues to Grow
A new article published in Forbes tells the story of how social media evolved and calls for cryptocurrency to take cues from this approach. Social media exhibits three key traits crypto should strive to attain: ease of use, usable within the whole environment, and easy to get into.
Botswana Gets a Bitcoin ATM
The African nation of Botswana now has a new Bitcoin ATM installed in Gaborone. The startup behind the machine, Express Minds, located the Bitcoin ATM in a large mall to incentivize people to exchange and spend cryptocurrencies. However, they are also in a gray spot because Botswana does not have cryptocurrency regulations.
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