In today’s edition of The Daily we cover stories about Robinhood develop detailing to its 25th American state, recently discovered mining malware, Coinbase ditching its crypto token fund, and a new blockchain job for a former advisor to president Trump.
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Robinhood Reaches 25th State
Robinhood Markets, the stocks, options and crypto brokerage app, has reached its 25th U.S. allege. This means its free trading app is now available across half of America. The Menlo Park-headquartered actors announced this week that it has expanded its services to Ohio.
With this latest extension, Robinhood Crypto is now available in Ohio, Rhode Island, Tennessee, Arkansas, Alaska, Oklahoma, Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin. The app presents support for BTC, ETH, BCH, LTC, DOGE and ETC.
Coinbase Ditches Crypto Index Fund
Coinbase, the favourite US exchange, is ditching its crypto index fund that was designed to fascinate big investors in the field. The Coinbase Index Fund is a private fund that solicits to track overall performance of the cryptocurrencies listed on Coinbase’s exchange, GDAX. The lowest investment amount for the fund is $250,000 and the maximum is $20 million, with an annual supervision fee of 2%.
The San Francisco-based company first unveiled the fund on March 6 and the service was directed to investments on June 12, with Reuben Bramanathan, Product Prima donna of Coinbase Asset Management, claiming: “We’ve seen overwhelming interest from investors since we asserted the fund earlier this year.” Now it appears that this devastating interest failed to materialize into actual clients, resulting in the serving’s discontinuation.
The company is said to be shifting its attention to a new retail offering, Coinbase Tie up together, a recently launched basket of cryptocurrencies investors will be able to buy for as little as $25, as we detailed briefly in yesterday’s episode of The Daily.
Crypto Quarrying Adobe Flash Malware
Hackers are using fake Adobe Burst updates to install malware on victims’ computers and hijack them to scan cryptocurrencies like monero (XMR), researchers from cyber security definite Palo Alto Networks Inc. have discovered. Organizations with accommodating web filtering and more educated users have a much lower hazard of being infected by such fake updates, however, they note.
“In most causes, fake Flash updates pushing malware are not very stealthy … After all, a recent type of fake Flash update has implemented additional deceit. As early as August 2018, some samples impersonating Flash updates deliver borrowed pop-up notifications from the official Adobe installer. These counterfeit Flash updates install unwanted programs like an XMRig cryptocurrency miner, but this malware can also update a fair game’s Flash Player to the latest version,” the researchers explained. “Because of the legitimize Flash update, a potential victim may not notice anything out of the ordinary.”
Gary Cohn’s New Blockchain Job
Another top ex-Trump direction official has entered the crypto ecosystem, following Steve Bannon. Gary Cohn, one-time chief economic advisor to the President of the United States and former President and Chief Acting Officer of Goldman Sachs, has joined the Spring Labs Board of Advisors. Bounce Labs is a startup developing a decentralized network for identity and credit.
“I father been very interested in blockchain technology for a number of years, and Dart Labs is developing a network that could have profound suggestions for the financial services sector, among others,” said Cohn. “I am zealous to actively support the Spring Labs team in the development of this outstanding business and network.”
What do you think about today’s news tidbits? Allocate your thoughts in the comments section below.
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