Cryptocurrency Market Review 10.04.2018

Malicious cryptomining 4000% up. Cryptocurrency mining is now the world’s second-most popular malware, according to a new report published by Security software provider Malwarebytes. The study says malicious cryptomining has increased dramatically in the last few months, while virtually all other malware is on the decline. Android miners experienced an even more dramatic surge, with nearly 40 times more detections this quarter than last.

Venezuela integrating the Petro into national economy. Venezuela’s National Constituent Assembly has approved the decree on the use of cryptocurrencies and the country’s new “oil-backed” currency the Petro. The decree would enter into force once it is published in the National Gazette. It consists of 12 articles in which the legal basis for the launch of the Petro and the use of crypto assets in the Venezuelan national territory are defined.

tZERO unveils security token trading software. Overstock.com’s blockchain subsidiary tZero has announced the launch of a prototype of its planned security token trading software. The software is expected to be ready to trade security tokens in May. The company said tZERO's Security Token Front-End is designed to "trade security tokens in an easy, compliant, and user-friendly manner."

Crypto miners moving to Norway and Sweden for cheap energy. Cryptocurrency miners are moving to Norway and Sweden to take advantage of cheap hydro-electric energy and low temperatures to power and cool their servers. The energy prices are far below the European average of 11 cents, with one kilowatt hour costing 6.5 euro cents and 7.1 cents in Sweden and Norway respectively. In Norway, hydropower accounts for over 99 percent of electricity production while in Sweden the number is about 40 percent with the same again from nuclear.

For the full list of ongoing ICOs click here.

By Siranush Ghazanchyan