Twitter Says the Bitcoin Scam Wave Came From Third-party App
Twitter has confirmed the series of cryptocurrency-related hackings on its platform originated from a third-party software provider – and not its own system. In an email to Hard Fork, a Twitter spokesperson confirmed attackers exploited a third-party marketing solution to blast fake Bitcoin giveaway links from a slew of verified accounts, including Google and Target. […]
Cryptos Are ‘Evil Spawn’ of the Crisis for ECB’s Coeure
“Bitcoin was an extremely clever idea. Sadly, not every clever idea is a good idea,” the European Central Bank Executive Board member said at the Bank for International Settlements in Basel. Coeure traced cryptocurrencies’ faults to their origins, noting that Satoshi Nakamoto — the supposed creator of Bitcoin — mined the first block months after […]
Bitcoin’s Backers Now Want Acceptance from the System they Sought to Supplant
In the aftermath of the global financial crisis, Satoshi Nakamoto — a digital nom de currency — published a white paper laying out his or her vision for an electronic, peer-to-peer currency that could provide an alternative to the failures of Wall Street, the regulatory structure, and the rest of the financial system as it […]
The Acting Attorney General Helped an Alleged Scam Company Hawk Bizarre Products
In November 2014, a Miami Beach-based firm, World Patent Marketing, announced the “marketing launch” of a “MASCULINE TOILET,” which boasted a specially designed bowl to help “well-endowed men” avoid unwanted contact with porcelain or water. “The average male genitalia is between 5″ and 6″,” the firm’s press release said. “However, this invention is designed for […]
The Global Cryptocurrency Market Continues to Grow
According to data compiled by Bekryl, the global cryptocurrency market is projected to grow at a CAGR of 43.7%. The market is being propelled by the backend technology of blockchain which allows for safe and secure transactions. The technology behind cryptocurrency is still continually evolving. Most cryptocurrencies are backed by two mechanisms; the first publishes […]
Man Sent Letter Bomb to Bitcoin Firm ‘Over Password Reset’
A man has been jailed for sending a “potentially lethal homemade bomb” to a Bitcoin firm in London – after it refused to reset his password for him. The Met Police, which investigated the case, said detectives could “only identify one possible reason” for the Swedish national’s actions. He had emailed the company, Cryptopay, in […]
VersaBank Subsidiary VersaVault Initiates Commercialization Stage of Its Cryptocurrency Safety Deposit Box
VersaBank is pleased to announce that its subsidiary, VersaVault, has successfully completed beta testing for its previously announced digital safety deposit box and is initiating commercialization of its services. The first phase of the rollout will be to provide digital safe keeping as well as multi signature services for cryptocurrency exchanges and crypto based investment […]
DTCC Enters Test Phase on Distributed Ledger Project for Credit Derivatives with 15 Leading Global Banks
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that it has advanced to the testing phase of its ground-breaking project to re-platform its credit derivatives Trade Information Warehouse (TIW) on distributed ledger technology (DLT) and cloud. In this phase, 15 of the world’s […]
Posing as Elon Musk Nets Hacker About $180,000 Worth of Bitcoin so Far
Knowing that, enterprising hackers in recent days took over several “verified” accounts, tweaking their profiles to look like Elon Musk’s account. They then urged users to send a small amount of bitcoin BTCUSD, in exchange for the promise of more bitcoin to be sent back. One of the bitcoin wallets linked in the tweets has already […]
BitMEX Research Launch Fork Monitoring Website
BitMEX launch of ForkMonitor.info, a new website sponsored by BitMEX Research. The website is connected to several different nodes, both Bitcoin and Bitcoin Cash implementations. It displays various pieces of information regarding the chains followed. This website can be useful for monitoring the situation during network upgrades (softforks or hardforks), as well as being potentially […]
South Korea’s Bithumb Eyes U.S. Security Token Exchange
South Korea’s top cryptocurrency exchange Bithumb has signed a deal with a U.S. fintech company to set up a security token exchange in America, industry sources said Thursday. The agreement with SeriesOne calls for Bithum to invest in and provide technical support for the establishment of the envisioned security token exchange in the world’s largest […]
Hong Kong Exchange Preps DLT-Based Post-Trade Allocation and Processing Platform
Hong Kong Exchange and Clearing Limited (HKEX) is teaming up with Digital Asset to build a blockchain platform for post-trade allocation and processing of northbound trades under the Stock Connect programme with China. Stock Connect is a collaboration between HKEX and the Shanghai and Shenzhen stock exchanges that lets international and mainland Chinese investors trade […]
Cryptocurrency market to grow at CAGR of 6.18%
The cryptocurrency market is projected to reach USD 1.40 billion by 2024 from USD 1.03 billion by 2019, at a CAGR of 6.18% during the forecast period. Growth in this market can largely be attributed to factors such as transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and […]
Top Cryptocurrency Markets Dip While Traders Play the Range
After the tight trading range over the last few weeks, many people joked about cryptocurrency prices remaining stable indefinitely. Of course, most crypto enthusiasts know better and on Monday, after a dull trading weekend, the majority of digital asset markets saw price declines across the board. Bitcoin (BTC) prices saw a low of $6,208 and […]
Multy Crypto Wallet Enables Multisignature Scheme for Android and iOS
Multy, an open-source mobile wallet for Bitcoin and Ethereum, announced enabling multi-signature scheme for wallets with more than one owner. This feature makes it easy to control company and family budgets by several owners of one wallet. Vadim Makovsky, Co-founder and CEO of Multy stated, “In Multy, we believe that using cryptocurrencies should be secure, […]
Sony Develops Cryptocurrency Hardware Wallet Technology Using IC Cards
Sony Computer Science Laboratories, Inc. has developed a contactless IC card type cryptocurrency “hardware wallet technology *1 ” by utilizing Sony Corporation’s IC card technology. Currently, many cryptocurrency users are trading cryptocurrencies using online wallets *2 from the locations where they initially purchased their cryptocurrencies. When a user owns a cryptocurrency, what they actually own […]
Cryptocurrency Exchange Coinbase Launch Digital Dollar USDC
Cryptocurrency exchange and brokerage giant Coinbase has provided a major stamp of approval to one of several recently launched USD-pegged cryptocurrency “stablecoins” seeking to supplant tether (USDT) as the leader in this burgeoning market niche. The San Francisco-based Coinbase on Tuesday announced that beginning today, customers can buy, sell, send, and receive USD Coin, the […]
Crypto Market Consolidating in Response to Low Prices
Bearish sentiment in the cryptocurrency market has driven an industry-wide increase in mergers and acquisitions, with such deals spiking by more than 200 percent year on year in 2018. According to figures compiled by JMP Securities for Pitchbook, 115 deals have already been announced throughout the world this year, with roughly 30 more expected by […]
