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One Click and Your Crypto Could Vanish.
Is Thailand About to Become a Crypto Haven?
Welcome to Crypto Wire — clear, concise, and crypto-smart.
What we’ll cover today:
🚨 Beware of This Crypto Malware.
🪙 Is Thailand About to Become a Crypto Haven?
🏦 Imagine Your Bank Storing Your Crypto
1. Beware of This Crypto Malware.
A new malware campaign is spreading fast, tricking over 28,000 people across Russia, Turkey, Ukraine, and beyond.
It hides as innocent software on YouTube and GitHub, waiting for someone to download it.
Once you click, the malware bypasses antivirus protection and takes over your system.
Here’s how the damage unfolds:
Hijacks Windows services and disables recovery options.
Secretly communicates with its creators using a tool called Ncat.
Mines cryptocurrency uses your computer's power, draining your resources.
Swaps copied wallet addresses, redirecting your funds to the attackers.
They've already stolen $6,000—and the number is rising.
What can you do?
Only download from official sources.
Avoid trusting random links, even on platforms like YouTube and GitHub.
What do you think about this crypto-stealing malware? |
2. Is Thailand About to Become a Crypto Haven?
Big things are happening in Thailand's financial world!
The SEC just announced a bold plan to let mutual and private funds invest in cryptocurrency.
Here’s what you need to know:
Investment tokens and crypto ETFs could soon be part of your portfolio.
Retail mutual funds have a 15% limit on crypto exposure.
Institutional investors can dive in with no restrictions.
The SEC is also tightening market rules to ensure fair play.
Public feedback is open until November 8, 2024.
More reasons Thailand is becoming a crypto hotspot:
Crypto earnings are now tax-exempt.
A regulatory sandbox is live for crypto-to-Thai baht exchanges.
3. Imagine Your Bank Storing Your Crypto
Jakub Porzycki | Nurphoto | Getty Images
Ripple is making that possible.
They've just launched crypto custody services for banks and fintech firms, offering:
Secure storage and management of digital assets.
Pre-configured operational tools.
Strong compliance and monitoring.
A simple, user-friendly interface connected to Ripple’s XRP Ledger.
Ripple Custody is growing fast:
250% year-over-year growth.
Clients include major banks like HSBC and Societe Generale.
Expanding into seven countries.
Ripple is also enabling the tokenisation of real-world assets like:
Currencies.
Gold and commodities.
Real estate.
While Ripple is fighting the SEC over XRP, it remains focused on revolutionising how digital assets are stored and traded.
Source: everything_crypto
What do you think about today’s edition? |
Disclaimer:
This newsletter is for educational purposes and not intended as financial advice. Make your own investment decisions based on thorough research. Stay informed and cautious in the ever-changing crypto market.
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