Investigators looking into the more than half a billion dollar Coincheck heist of 2018 have revealed that Russian hackers may have been responsible for the attack. Reports indicate that two malicious malware written in Russian, “mokes and “netwire,” have been discovered in the previously hacked Coincheck employee’s computer. This, according to a local news source,
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The Belgian company Euroclear has announced the development of a blockchain project for the issuance of European Commercial Paper (ECP). The proposed solution is a collaboration between the European Investment Bank (EIB), Euroclear, Banco Santander, and EY. Bringing more Transparency to the ECP Market Euroclear announced on June 19, 2019, that it had completed the development
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Ripe.io, a food tech startup, announced on June 19, 2019, that it would use R3’s Corda Enterprise blockchain solution to enhance transparency and trust in food and agriculture supply chains. The platform will rely on the cloud computing service, Microsoft Azure. Digitization of the Food Industry The agritech startup Ripe.io has just taken another step
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American Democratic Representative Maxine Water wants Facebook to temporarily put off all implementation plans for its cryptocurrency until Congress investigates it for potential risks, as reported by The Verge, June 18, 2019. Troubles Begin for Libra Less than a day after the project was formally announced, and the whitepaper released, Facebook’s cryptocurrency is already being targeted
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Public blockchain platform Zilliqa (ZIL) has partnered with Singapore-based payments provider Xfers to explore the use of blockchain-based solutions in the digital payments space in Southeast Asia. This, according to a report by The Business Times, June 19, 2019. Making Payments More Efficient and Transparent The use of blockchain technology to streamline operations in the
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In a blog post published on June 18, 2019, decentralized exchange (DEX) Bancor announced that from July 8, 2019, its U.S.-based users will no longer be able to use the exchange to trade digital currencies. Unclear Regulations to Blame The decentralized P2P exchange blamed ambiguous crypto and blockchain regulations in the U.S. for its decision
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In a blog post published on June 18, 2019, the Litecoin Foundation announced that it had partnered with cryptocurrency exchange Bibox and blockchain startup Ternio to release a special edition crypto-enabled debit card called Litecoin BlockCard. Aim to Ease Spending of Digital Currencies One of the major obstacles that have kept cryptocurrencies from becoming a
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The Financial Industry Regulatory Authority (FINRA), a non-governmental and self-regulatory organization (SRO) in charge of regulating member brokerage firms, has been reluctant to approve the application of nearly 40 firms looking to offer crypto-related services in the region. Some insider sources have revealed that FINRA’s inaction stems from the fact that the United States Securities
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According to a press release issued on June 18, 2019, Bitbuy, one of Canada’s leading cryptocurrency exchange platforms has entered into a partnership with blockchain education website Blockgeeks to jointly develop a new platform to trade digital currencies. Enabling the Purchase of Crypto Through Credit Cards In a bid to make digital assets accessible to
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The biggest headline in crypto this month has been the launch of Project Libra by Facebook, which was announced along with a published whitepaper. Binance Research studied the whitepaper and drew their conclusions as to what Facebook is trying to achieve with their cryptocurrency, June 18, 2019. The Biggest Mainstream Use Case So Far Libra
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