TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update. AnyPay and CoinText partner to offer a cash remittance platform. Head of German Central Bank talks warns against central bank-backed cryptocurrencies. Binance tests GBP-based stablecoin. Electron Cash detected as false positive by antivirus software. Samourai Wallet raises $100K, and China cryptocurrency mining malware infects 50K+ servers.
AnyPay and CoinText Partner to Launch Remittance Service
AnyPay, a cryptocurrency-based point-of-sale system, and CoinText, a SMS cryptocurrency sending app, partnered to offer their customers a broader cryptocurrency based remittance platform. This new service will help remittance receivers to exchange their cryptocurrency easily for cash in all AnyPay associated stores. This is especially useful for unbanked migrants who have to deal with multiple obstacles to send (or receive) money from abroad. The process is easy and only involves texting some info via SMS to the vendor, who proceeds to pay the remittance receiver the equivalent amount of cash.
Head of Germany Central Bank Talks Against Central Bank Cryptocurrency Adoption
Jens Weidmann, the head of the Central Bank of Germany (Bundesbank), explained why central bank cryptocurrencies should not be introduced without having studied its effects on economies. Weidmann declared that “financial stability may be more vulnerable than it is today, with digital central bank money very liquid and secure investment alternative” in a symposium offered by the bank last May 29. He did not rule out the use of this new tool, but warned that “the idea is to develop solutions that are up to date with the latest technology without incurring unnecessary risks to financial stability.”
Binance Testing GBP-Based Stablecoin
Hopefully we have a stable coin that remains stable.
— The Crypto King (@JBTheCryptoKing) June 3, 2019
Changpeng Zhao, CEO of Binance, has quietly announced that a pound-based stablecoin is in the works for the new platform of the company, Binance Chain. Zhao dropped the news when answering to a tweet complaining about the poor performance of stablecoins. However, he also explained this new coin was still a work in progress, declaring only 200 euros were minted until now. Zhao did not offer extra details on the subject, but this might be the start of a more proactive push for English and European markets.
Electron Cash Found as a Virus Positive by Antivirus Suites
Electron Cash, a Bitcoin Cash SPV wallet, is being detected as a virus by several antivirus suites. However, redditor NilacTheGrim, developer of Electron, declared this was a false positive, an event that detects a file as a virus when it is not. He also pointed out the Electron Team sent complaints to several antivirus companies such as AVG and Avast, who even apologized for the incident. When asked about why antivirus fired a detection, the developer said, “We are a likely suspect because we encapsulate a python interpreter inside the exe.”
Samourai Wallet Raises $100K in First Round of Funding
Samourai Wallet, a privacy oriented bitcoin wallet, managed to raise $100K from a company called Cyberpunk Holdings. Samourai has been making headlines since last year, when they were the first to drop fiat amounts in favor of just only showing bitcoins, a controversial move. With this funding, they will keep building Stonewall, a privacy service for transactions, and Dojo, a hardware based full bitcoin node designed to aid wallet users to enhance their privacy.
China-Based Crypto Mining Malware Infects Thousands of Computers
The Nansh0u Campaign, as its being called, is infecting thousands of computers with a crypto-miner that delivers safety measures to protect itself from deletion. According to a report from Guardicore Labs, this campaign is already present on 50,000 servers of different industries from all over the world, attacking weak SQL username and password combinations. This tool and its sophistication proves that “cyber weapons are becoming readily available, and not only to nation-state organizations,” according to the report.
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