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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://propakistani.pk/2018/01/12/news-that-wiped-billions-off-crypto-value-was-inaccurate/",
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      "title": "Todays BTC News (12-Jan-2018)",
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      "body": "![bitcoin.gif](https://steemitimages.com/DQmVbrRwKwzcXtPteVFJvQmyjLhy6Cx6PEfx96STMhAxvau/bitcoin.gif)\n\nThere is no such thing as a cryptocurrency ban coming any time soon, said South Korean FSC (Financial Services Commission).\n\nYesterday we reported that cryptocurrency might be facing a blanket ban in Korea, after a statement by the country’s Minister of Justice was released.\n\nHe said,\n    There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.\n\nFSC Chairman Choi Jong-ku has allayed fears of a cryptocurrency ban, saying that the ministries are currently discussing the extent of trade regulation to be placed on them.\nA House Divided\n\nThe ministers are divided on the matter with some afraid of putting a damper on virtual currency and fintech in general. Mr. Choi has confirmed that any decision made to limit crypto transactions will have a legal basis.\n\nDouglas Crets, an investor in the blockchain based social media platform ALIS, thinks that regulating the exchanges might be a good idea. He says,\n\n    In the long-term chess game of bitcoinization, regulation helps the government ‘process’ what’s happening and it makes it more legitimate for bigger institutional players to put funds into cryptocurrencies.\n\nKorean financial institutions are currently banned from investing in or trading digital currencies. The ban on initial coin offerings (ICOs) is still in place.\n\nExchange Regulation\nAccording to FSC, six safeguards are being considered for crypto exchanges. This includes:\n\n    Confirming the real name of the user.\n    Submitting a proof of income.\n    Face-to-face interviews to meet strict Know Your Customer policies.\n    Providing cryptographic keys to establish anti-money laundering (AML) systems.\n    Separating fiat accounts.\n    Supplying sufficient investment warnings.\n\nRegulating the exchanges will help make Bitcoin more mainstream while also filtering out the bad players, said Crets.\n\nBitcoin Falling\nAfter yesterday’s news of an impending ban on cryptocurrency, Bitcoin’s price in South Korea fell by 21% in the country, trading at 18.3 million won ($17,064.53). Note that the currency trades at an average of 30% higher price in Korea when comparing to CoinDesk’s average price.\n\nThis large difference in prices has prompted CoinMarketCap (a crypto data resource) to announce that they’re going to exclude prices from some of the Korean exchanges.\n\nPrices fell elsewhere as well. At a Luxembourg based crypto exchange, Bitstamp, Bitcoin’s price decreased by 10% getting to $13,199. Earlier, it fell to as low as $13,120 the lowest since January 2nd.",
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      "author": "rashidiqball",
      "permlink": "loophole-found-in-private-chats-group-in-whatsapp",
      "title": "Loophole found in Private Chats Group in Whatsapp",
      "body": "![Untitled-19-1024x576-1024x576.jpg](https://steemitimages.com/DQmWQv9sQv63J1ffGAjgjsi2kP1zXi71djhM42Vv2p98iP4/Untitled-19-1024x576-1024x576.jpg)\n\nWhatsApp’s end-to-end encryption might not be that secure after all. Yet another research has found loopholes in the messaging apps’ security protocols. Anyone who is in control of a WhatsApp server can easily add people to private group chats. The major development is surprising as WhatsApp has stated multiple times that security is the company’s main focus.\nResearch\n\nThe research group from Ruhr University Bochum conducted ran tests on multiple apps for any security flaws. These apps included Threema and Signal too, however, they passed the researchers’ test without any major security flaw.\n\nWhatsApp, on the other hand, was found vulnerable as a major security flaw was found by the research group that could result in privacy breaches. The group’s paper on security flaw was later published as well. You can take a detailed look at it here.\n\nOne of the co-authors of the paper, Paul Rosler, also commented on WhatsApp’s lack of security saying;\n\n    The confidentiality of the group is broken as soon as the uninvited member can obtain all the new messages and read them.\n\nAccording to the research, anyone with access to the servers can add anyone to any private chat group. For example an employee at WhatsApp has access to multiple servers and can mess with any private encrypted group chats. Currently, the app only lets chat group admins add new members to a group.\n\nWhatsApp says that though there isn’t any mechanism in place to authenticate the addition of someone to the group but there is a system to notify all members about it. Once a new person gets added to the chat, every member is notified about it. The person cannot read previous messages of chat as they are end-to-end encrypted. Still its no good news that a person other than admin can add someone to a chat.\n\nWhatsApp really needs to do something about it to ensure complete security of the app. The research paper and its findings will be presented in Zurich at World Crypto Conference.",
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      "body": "![MAIN-Bitcoin.jpg](https://steemitimages.com/DQmToWoKAgB4YsYUCS7CDiXoidy29Jjxzgr7x5V63puAjwD/MAIN-Bitcoin.jpg)\n\nCryptocurrency is going to face a major hit (especially Bitcoin) soon, thanks to South Korea’s impending ban. The Minister of Justice Park Sang-ki said that a bill to ban all cryptocurrency trading is being prepared.\n\nYesterday, local police and tax authorities raided Korean exchanges on account of alleged tax evasion which added fuel to the fire.\nNot Finalized yet\n\nThe Minister said in a press release,\n\n    There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges.\n\nThe bill was finalized after discussion between the finance ministry and other finance regulators.\n\nAfter the bill is drafted, all 297 members of the South Korean National Assembly need to vote in its favor for it to be passed as legislation. This could take months or potentially years.\n\nThe bill hasn’t been finalized yet, but that hasn’t stopped Bitcoin’s value in South Korea from crashing.\n\nBitcoin Falling\nFollowing the news, Bitcoin’s price in South Korea fell by 21% in the country, trading at 18.3 million won ($17,064.53). Note that the currency trades at an average of 30% higher price in Korea when comparing to CoinDesk’s average price.\n\nThis large difference in prices has prompted CoinMarketCap (a crypto data resource) to announce that they’re going to exclude prices from some of the Korean exchanges.\n\nPrices fell elsewhere as well. At a Luxembourg based crypto exchange, Bitstamp, Bitcoin’s price decreased by 10% getting to $13,199. Earlier, it fell to as low as $13,120 the lowest since January 2nd.\n\n“Herd Behavior”\nBitcoin’s astronomical rise last year (around 1500%) has prompted many to invest in it, including students. Park Nok-sun, cryptocurrency analyst at NH Investment & Securities in South Korea says,\n\n    Virtual coins trade at a hefty premium in South Korea, and that is herd behavior showing how strong demand is here. Some officials are pushing for stronger and stronger regulations because they only see more (investors) jumping in, not out.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://propakistani.pk/2018/01/10/messaging-app-line-launch-cryptocurrency/",
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      "title": "Own Cryptocurrency launch by Messaging App Line",
      "body": "We might finally see a complete switch towards blockchain and decentralized currency soon as more companies are entering the crypto-game. According to reports Japanese-based public chatting app company ‘Line’ is the latest entrant to the cryptocurrency market.\nLine Pay\n\nLine Pay\nLine already has Line Pay system, a virtual currency to put it right, through which its users pay for services. Using the earned coins, app users can buy digital goods and participate in social games through app. Not just that, users can also buy stickers from the app using these coins.\n\nThings aren’t going as smooth for Line as they would expect. The app witnessed a significant bump in its active users after Initial Public Offering. Through a US-Japan listing, Line raised $1.1 billion when it went public in 2016. At that time, company reported that it had 218 million active user. Things took a hit as the number dropped to 203 million just after 3 months in October 2016. It lost users in its strong markets of Japan, Indonesia, Taiwan and Thailand however its market share in Japan has increased now.\n\nKodakCoin\nKodak also recently launched its own cryptocurrency named KodakCoin in a bid to gain popularity again. KodakCoin is aiming to facilitate photographers by providing a platform where they could make payments and sell their photographs. Kodak also launched a system called KodakOne through which photographers can see whether their images are being used on web with or without paying for them first.\nTo make trades and purchases more flexible and expand its horizon, Line is looking for partners like Upbit that deal in cryptocurrency exchange, as per reports. Chatting app company will look to link its Line Pay feature with existing cryptocurrencies. It isn’t clear how the company will implement blockchain yet.\n\nAccording to analysts, the company may reward its users coins for using the messenger, playing games on platform or making payments through Line Pay.",
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