Malware Targeting Blockchain.com And MyEtherWallet Users Deleted By Google

Google has recently deleted a Google Chrome Browser extension that tricks users into participating in fake airdrop from cryptocurrency exchange Huobi.

Initial reports suggest that there were around 200 victims before it was taken down by the internet giant.

According to a website owner who monitors cryptocurrency scams around the web, Harry Denley, the malicious extension was disguised as a tool protecting users from cryptocurrency malware called cryptojacking.

However instead protecting its users, it requests the input of private keys from popular wallet interfaces MyEtherWallet (MEW) and Blockchain.com which is then sent to hackers.

It is still not clear how long the malware was available for download but it was enough to victimize hundreds of chrome users before chrome was able to take down the extension.

Google in the past come under fire for its apparent lack of diligence in the past in weeding out malicious applications in its platform.

Bitcoin Trading Volume Finally Reaches $11 Billion This Year

For the first time this year the trading volume of the number one cryptocurrency in terms of market capitalization has finally reached $11 billion.

This is the highest trading volume of Bitcoin since April 25 of last year, this was back when the price of Bitcoin was averaging $8,845.

Since then the price of Bitcoin has lost more than half of its aforementioned price and currently hovering at the $3,951 price mark according to CoinMarketCap.

For years there has been close correlation between the trading volume of bitcoin to its price, however, this ended when the latest market route in November failed to sink trade volumes.

Similar behavior was seen in other cryptocurrencies as their trading volume began to deviate from the price trend.

Many see this as a sign of a healthy market condition despite the current and persisting market downtrend.

Cryptocurrency Regulatory Framework Proposed By Canadian Government

Canadian financial regulatory authorities are now seeking input from stake holders and professional on its plan on implementing a regulatory framework for cryptocurrency exchanges in the country.

The initiative is being led by the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) looking for inputs on how regulatory requirements can be developed for cryptocurrency platforms.

According to Andrew J. Kriegler, president and CEO of IIROC they must adapt to innovation and provide clarity to the market about how regulatory requirements might best be tailored and applied to the emerging asset class.

As it stands, none of the cryptocurrency exchanges in Canada is recognized as an exchange nor is authorized to operate as marketplace or dealer.

The CSA and IIROC are awaiting comments for its consultation paper from the public until May 15.

Shell Oil And Gas Company Looking for Blockchain Analyst

It seems that more than ever the biggest companies in the world are interested with the underlying technology of cryptocurrencies, blockchain.

Industry giants like IBM and Facebook are looking into blockchain technology that could help them innovate in their own industries.

Now gas and oil giant Shell seems to be looking into the nascent industry as it is looking for a blockchain analyst as part of its IT graduate program.

No one is really sure what are the intentions of Shell but one thing is clear, they want to explore the potential of blockchain technology and its use cases on their industry.

The increasing demand from industry giants for blockchain related jobs just goes to show that many companies are interested in integrating blockchain technology in their operations or at least discover what use cases they can be implemented.

CoinFlex Releases Its Loyalty Token

CoinFlex is another physically delivered cryptocurrency futures exchange which is widely seen as a direct competitor of Bakkt, an Intercontinental Exchange-backed crypto-centric exchange.

The physically-settled exchange was able to get investment from crypto giants like Digital Currency Group, Polychain, Dragonfly Capital Partners and Roger Ver.

In their bid to foster liquidity and reward traders in the platform they are releasing their very own loyalty token called FlexCoin.

The amount of tokens they will be able to get freely depends on the volume of trading they do in the platform.

According to Mark Lamb, the CEO of CoinFlex, they have a growing set of high profile backers, a clear roadmap for delivery and are moving closer to their goal of helping crypto futures trading achieve its full potential.

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