Crypto News 19.10.2018

Coinbase open sources its security scaling tool

Coinbase is making a recently developed, automated security scaling tool available to the public. Called Salus, after the Roman the goddess of safety and well-being, the program can automatically choose to run and configure different security scanners and issue a report on the results. Available as an open-source tool on GitHub starting today, Salus is said to offer the advantage of being able to centrally coordinate security scans across a large number of software storage repositories, avoiding having to configure a scanner for each different project.

Coinbase explains that it uses a combination of human code reviews and automated scans to ensure its production deployments are as “secure as possible… Tools like these help us to ship faster, and we are tremendously grateful for these open source efforts. It was in this spirit that Coinbase started its open source fund, a token of gratitude for this type of community-oriented work… It helps us enforce security policies for each change made to a codebase and ensures there is a quick feedback loop with the developer about potential vulnerabilities.”

Hedge fund manager will accept Bitcoin for his $16M mansion

A 10,000 square foot, 32 foot wide mansion, is for sale through Sotheby’s International Realty and Douglas Elliman Real Estate. The house is listed for $15.9 million. Either Bitcoin or cash will be accepted for payment. The homeowner is Roy Niederhoffer, who is the president of New York-based R.G. Niederhoffer Capital Management, Inc, and he said “I’m a big believer in Bitcoin, I really am so bullish on it, and I want to own more of it.”

Were someone to pay in the cryptocurrency, Niederhoffer says, he would simply cover his share of the closing costs in hard currency. “Whatever the obligations and brokers fees are, I would pay in cash and keep the Bitcoin” he said.

North Korean hacker group Lazarus stole half a billion dollars in crypto, according to report

North Korea’s infamous hacking group, called Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. The coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571 million from the attacks.

The news backs up claims from officials in South Korea, who said in February that North Korean hackers likely stole tens of millions of dollars’ worth in cryptocurrencies in 2017. The methods used by hackers in order to carry out their attacks include spear phishing, social engineering and malware.

SEC launches new initiative to support crypto, blockchain and fintech innovation

The US government is slowly integrating cryptocurrency and financial technology into its regulatory ecosystem, adding legitimacy and more support for the space. The SEC announced today that they are launching the Strategic Hub for Innovation and Financial Technology (FinHub). FinHub will connect and update the public on SEC-related issues and initiatives dealing with distributed ledger technology including blockchain and cryptocurrencies, automated investment advice, digital marketplace financing and artificial intelligence.

Valerie A. Szczepanik, Senior Advisor for Digital Assets and Innovation and Associate Director of the SEC’s Division of Corporation Finance leads Finhub and said that the SEC made it clear that they’re open to working with compliant fintech developers, as opposed to against them. The announcement said that outreach and access are part of the SEC’s strategy to nurture technologists, retain talent in the US and collaborate with the leaders, futurists and innovators who are creating the digital economy.

Kraken Daily Market Report for 18.10.2018


$62.7M traded across all markets today

Crypto News 19.10.2018


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