Krasimir Buchvarov

Krasimir has been following the development of blockchain technology for several years and is optimistic about its potential. He covers breaking news in the sphere, focusing on innovation, regulation, and the cryptocurrency market.

Bithumb’s Acquisition Deal Could Fall Apart

  • BK Global Consortium's 400 billion won (around $334 million) acquisition deal of Bithumb still not paid in full after one year.
  • So far the company has only made a $100 million down payment, and has had its full payment deadline extended twice.

Lightning Network Developer Discloses a Dangerous Vulnerability, Now Fixed

  • The vulnerability could allow for an attacker to pretend to open a payment channel and then send fake transactions.
  • Originally discovered in June, the vulnerability has now been fixed by upgrading all major lightning software clients.

New Malware Uses Telegram to Swap Wallets Addresses on Clipboard

  • The "Masad Clipper and Stealer" clipping option currently supports a number of cryptocurrencies, such as BTC, ETH, XRP, BCH, LTC, and others.
  • The new spyware also sends your browsing data to a Telegram bot, which is then used to send commands back to the program.

Ripple’s Xpring Acquires Logos Network to Build XRP DeFi Products

  • Ripple is continuing to work on expanding the ecosystem around XRP.
  • The acquisition is focused on the mutual development of decentralized financial products.

Binance Assisted British Police in Investigating $50 Million Fraud

  • The cryptocurrency exchange helped the Cyber Crime Unit of the UK’s Police investigate a cybercriminal who developed and sold phishing scripts.
  • It was estimated that around 500,000 people were affected and that the phishing scripts helped other criminals acquire around $51 million.

Ex-Fed Official: Replacing U.S. Dollar Dominance with Crypto Not Feasible

  • Last month the Governor of the Bank of England suggested that a cryptocurrency like Libra should replace the U.S. dollar's dominance in global markets.
  • Still not proven, cryptocurrency has a long way to go before it can become the backbone of monetary systems.

Encryption Startup StrongSalt Raises $3 Million in Seed Round

  • The company plans to use the new investment to further the development of its encryption platform, which will bring standardized encryption techniques to blockchain.
  • Backed by three encryption-related patents, the startup is planning to release its encryption API platform in Q4 2019.

ECB Exec: Libra Could Solve Some Issues of the Global Payment Systems

  • Benoit Coeure said that Libra could be a solution to the current cross-border retail payments by making them cheaper, faster and more transparent.
  • It can also promote financial inclusion by helping the 1.1 billion unbanked individuals around the world.

Coinbase Now Supports LINK and XLM Trading in New York

  • The U.S.-based crypto exchange made the two cryptocurrencies available for trade in other jurisdictions months ago.
  • The high regulatory hurdles in the state are likely the ones to blame for the delay in launching the two cryptocurrencies.

Daimler Conducts First Transaction on Marco Polo Trade Network

  • The transaction between Daimler and Dürr included an order and delivery agreement, with the payment being secured by a conditional payment commitment from Daimler's bank.
  • The successful transaction showed the two firms that a process, that usually takes days, could be completed in minutes using blockchain technology.