Legal Cryptocurrency Exchange Platform in US, New Mining Malware

Łukasz Mirytiuk
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New malware that will mine cryptocurrency without your knowledge?

Once again it is possible, cybersecurity company warns about a new and hard to track virus. From the good news, the first crypto exchange market received BitLicense in New York.

How to earn 133 Monero tokens in 3 days

In December 2017 we wrote about malware created to mine cryptocurrencies on computers without the knowledge of its users. Even one of the most popular cafés – Starbucks in Buenos Aires was infected by this type of virus.

This type of malware is created to mine Monero (XMR) tokens. Unfortunately, Finance Magnates reported that in the last 3 days cryptojacking malware used almost half a million  of computers. The results were over 133 tokens mined (about $25,000).

The cybersecurity firm 360 Total Security has published a research in which it unveils that the new type of cryptojacking malware called WinstarNssmMiner can not only secretly mine but also crash the infected machines.  

As the company wrote:

“This malware is very hard to remove since victims’ computers crash as soon as they found and terminate the malware.”

If you would like to read how to avoid secret mining – click here.

First legal NY based crypto exchange market

All cryptocurrency exchange markets must have BitLicense in New York. That license has been required since August 2015. Most of the companies which have been working with cryptocurrencies have left the state because they were not willing or were not able to meet the requirements.

First cryptocurrency exchange platform which received a BitLicense and from now on can be considered as the first NY legal cryptocurrency exchange.

Genesis Global Trading is a New York-based crypto exchange market and according to the press release published on PR Newswire, New York Department of Financial Services (DFS) has granted a license to them.

Genesis is the fifth company that received BitLicense and will be able to trade, e.g., Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Ripple, Litecoin.

Before receiving the licence Genesis had operated under a “special” DFS provision; they could work as a cryptocurrency exchange platform in NY. As a CEO of Genesis said “This is an important step forward [for the firm]”

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