KUNA exchange is under DDOS

KUNA exchange has reported on being under DDOS attack
21 July 2017   2322

Distributed database that is used to maintain a continuously growing list of records, called blocks

Ukrainian crypto exchange, trading BTC, ETH, Waves and GOLOS, KUNA reports on their social media on being under DDOS attack :

As the team details, KUNA exchange has successfully dealt with the first wave of the attack.

Unfortunately, now the second one is taking place. According to the company, KUNA's team does their best to fix the problem appeared it as soon as possible. 

Australian Company to Issues Crypto Backed Loans

In case of default, financial company named Helio may sell cryptocurrency to cover losses
10 December 2018   89

Helio from Melbourne began issuing loans secured by cryptocurrencies, Bitcoin.com reports.

The service allows Helio clients to borrow from 1000 Australian dollars ($ 720) on the security of cryptocurrency assets. At the moment, the company accepts Bitcoin, Ether, Litecoin and Ripple.

Helio client crypto assets are stored in a secure wallet, company representatives say. In case of default, the company may sell cryptocurrency to cover losses.

Helio has a credit license (ACL) issued by the Australian Securities and Investments Commission (ASIC). As stated by the company's founder, John O’Shy, Helio was the first licensed organization in Australia to launch this service. According to him, the country has a developed cryptocurrency market, however, suppliers who want to provide loans secured by digital assets are not enough.

In June, the Japanese corporation Abic Corporation began to issue loans secured with Bitcoin