The Intrepid Report Issue #40 - The Latest Crypto News and Highlights

Blockchain & Cryptocurrency News & Insights

Here’s what’s in store for you this week: Facebook and LINE make optimistic moves in support of cryptocurrencies, cryptojacking is on the rise, and more top VCs set up crypto funds. We’ve got insights on the controversy around EOS, as well as thoughts from the Blockchain Review on the appropriate usage of the term “Cryptocurrency”, and much more. Check it out below.

What's In The Media
Key news highlights. What’s going on in the world of Blockchain?

Facebook is Reversing its Ban on Some Cryptocurrency Ads
Facebook is reversing its ban on cryptocurrency advertisements and will now allow some pre-approved advertisers to promote crypto businesses and services, like exchanges. Although ads promoting ICOs are still banned, advertisers that are approved by Facebook through an application process can promote crypto products.
Read More: https://www.recode.net/2018/6/26/17505876/facebook-cryptocurrency-ads-bitcoin-ico-ban-reversed

Messaging Giant LINE Announces New Global Crypto Exchange
Japanese messaging app LINE has announced plans to launch its cryptocurrency exchange BITBOX in July with support for 30 coins including bitcoin. In the announcement, LINE revealed the new exchange will only allow for crypto-to-crypto trading with no exchange between fiat currency and cryptocurrencies. Japanese and US nationals are excluded. Here’s more on the announcement.
Read More: https://www.ccn.com/messaging-giant-line-announces-new-global-crypto-exchange-excludes-u-s-japan/

Cryptocurrency Mining Malware is the New Ransomware
As reported by McAfee, crypto malware has increased by over 600% in Q1 2018. Cryptojacking involves hijacking the processing power of unsuspecting internet browsers in order to create — or “mine” — cryptocurrencies, typically an energy-intensive process. The number of cryptojacking attacks is still growing, and criminals are likely to be looking at exploiting mobile devices as much as PCs in the near future.
Read More: https://www.zdnet.com/article/why-cryptocurrency-mining-malware-is-the-new-ransomware/

Andreessen Horowitz Lends Credence to Crypto With New Fund
Venture capital firm Andreessen Horowitz is bringing in a former federal prosecutor, Katie Haun, as its general partner to help manage a new $300 million fund—a fund dedicated to investing in cryptocurrency and blockchain-related efforts. The new fund will give the firm more flexibility to make different types of investments, including investing not just in traditional equities, but in digital tokens as well.
Read More: https://www.wired.com/story/andreessen-horowitz-lends-credence-to-crypto-with-new-fund/

Check out the rest of the report on The Blockchain Review: https://blockchainreview.io/intrepid-report/the-intrepid-report-issue-40/