Susquehanna to Provide BTC Trading For 500 Customers

Company was impressed by the success of bitcoin futures, so they decided to operate with cryptocurrency on public
06 June 2018   1087

The large US financial company Susquehanna International Group announced that it will provide access to bitcoin trading for 500 customers, after two years of processing similar transactions privately, New York Times reports.

We believe that this technology and this asset class is going to change some facet of financial services, and we think it is going to exist forever.
 

Bart Smith

Head of the digital asset group, Susquehanna International Group,

Initially, Susquehanna will work with cryptocurrency futures, subsequently adding the possibility of buying / selling Bitcoin, Ethereum, Bitcoin Cash and other crypto coins.

The company already carries out transactions with bitcoin for millions of dollars, for which it formed a team of dozens of traders. For the first time with bitcoin Susquehanna operated in 2014, when the Winklewoss brothers, founded the Gemini exchange, and asked to support their bitcoin-ETF, whose registration they intended to negotiate with regulators.

Susquehanna was impressed by the success of bitcoin futures, launched in December last year by two American trading floors; so they decided to operate with cryptocurrency on public.

To provide cryptocurrency products to its customers, Susquehanna asked regulators to make changes to it's broker-dealer license, which will allow it to operate with digital assets qualifying as securities.

Smith also commented on the investigation conducted by the US authorities regarding possible manipulation of the cryptocurrency market. A representative of Susquehanna said that he did not notice any obvious evidence of manipulation, although his company works with unregulated cryptoexchanges, while recognizing that this market is still in its infancy and characterized by a lack of proper regulation.

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.