Yahoo Japan to launch its own crypto exchange

The report by Nikkei Asia Review indicates that Yahoo Japan plans to aquire BitARG cryptocurrency exchange in 2018 followed by development of their own platform
23 March 2018   1081

Nowadays practically every big company tries to dabble into the lucrative market of cryptocurrencies in one way or another. And now the reports indicate that Japanese branch of Yahoo plans to open their own cryptocurrency exchange somewhere during this year.

Their plans revolve around acquisition of 40% of BitARG Exchange Tokyo in the next month. The platform will continue its operations until the development of a new exchange based on BitARG technology will be completed.

The purchase of such a sizable share will be conducted through the Yahoo Japan's subsidiary YJFX, a forex transaction platform. Nikkei Asia Review puts the sum of the deal at respectable 2 billion yen or $19 million. After the purchase, the YJFX team will lead the development of the new exchange, also setting up the system for corporate governance and increasing customer security. For the increased security and account management capabilities we have to thank Financial Services Agency who now demands a complete security overhaul on cryptocurrency exchanges after Coincheck hack in January.

The existing platform of BitARG has already passed all the necessary checks with Japanese Financial Services Agency and will continue to operate as it is for now, also recieving further investments from Yahoo Japan in early 2019, as reported by Nikkey.

China to Finance Hacker Attacks on Exchanges, - FireEye

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period
08 August 2019   435

The hacker group APT41 attacks companies in the areas of healthcare, telecommunications, fintech, media, and cryptocurrency exchanges. This activity is funded by the Chinese government, according to analysts of cybersecurity company FireEye.

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period.

Industries Targeted by APT41
Industries Targeted by APT41

At the same time, APT41 pursues its own goals, extracting financial benefits from attacks, which is unusual for other groups under the Chinese government, according to FireEye.

APT41 is known to include at least two people with the pseudonyms Chzan Xuiguan and Wolfji. The group probably has connections with other hacker organizations like BARIUM and Winnti.

FireEye also evaluated at what time of the day the APT41 attacked the gaming industry (its core target) and businesses from other areas. It turned out that this was happening outside the framework of a standard working day - probably these people, among other things, have the main job.

APT41 Operational Times
APT41 Operational Times

According to the UN Security Council, hackers under the DPRK government stole about $ 2 billion from banking institutions and cryptocurrency exchanges.