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Crypto news in brief (June 13, 2018): Bitcoin, Google trends, JD.com, LG, Monero, Tether

June 14, 2018 By Crypto Reporter

– Bitcoin still beats in Beyonce in Google search
– JD.com plans to issue asset-backed securities
– LG will develop blockchain for South Korea’s Mint
– 5% of Monero mined through malware
– USDT was used for bitcoin price manipulation, claim researchers at the University of Texas

Despite a 75-percent decline in Google searches for Bitcoin this year, it still surpasses the American pop-singer Beyonce on Google Trends, according to CNBC.

***

JD.com, a Chinese e-commerce giant, is set to issue asset-backed securities (ABSs) on the blockchain, reports local media. China’s Securities Regulatory Commission (CSRC) stated subsidiary JD Finance will issue the securities along with Huatai Securities and Xingye Bank. 

***

LG won a tender to develop a public blockchain for South Korea’s Mint.  The new platform will be based on Monachain, the company’s own technological solution. It will allow to run digital identification using a blockchain, or can be employed for designing tokens. 

***

A report by Palo Alto Networks, a network and security company, estimates that 5% of all circulated Monero (XMR) was mined through malware. The spiteful practice is known as cryptojacking, or using one’s computer’s processing power to mine cryptocurrencies without their permission. 

***

Backed by fiat currency (USD), Tether (USDT) was used to prop up the price of Bitcoin and other cryptocurrencies during market declines throughout 2017, claim researchers at the University of Texas, Austin.   

Filed Under: General News, News Tagged With: cryptocurrency, Google, JD.com, LG, Monero, news, news in brief, Tether, XMR

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