Square’s Open-Sources Bitcoin Cold Storage Solution
Late last year, Square began offering the ability to buy and sell Bitcoin with Cash App. As part of that launch Square invested heavily in building out our cryptocurrency infrastructure to help protect Square customers’ funds, and Square itself, from both internal and external threats. Cryptocurrencies like Bitcoin require private keys to access and move […]
Iranian Bitcoin Transactions Estimated at $3.8M Since 2013
The U.S. organization, known as Fincen, issued the warning in an advisory to assist U.S. banks and other financial actors such as cryptocurrency exchanges in identifying “potentially illicit transactions related to the Islamic Republic of Iran.” The document includes a lengthy section relating to crypto, as well as an estimate that “since 2013, Iran’s use […]
Nasdaq Could Gatecrash the Crypto Market with a New Platform
The firm, which is best-known for bringing technology companies such as Facebook and Tesla to market, is exploring a security token platform, the people said. Such platforms provide a way for firms to issue a token, which trades on a blockchain, as a way to raise funds. Security token offerings (STOs), unlike some initial coin […]
Jambler.io Welcomes Its First Bitcoin Mixing Partners
The appearance of cryptocurrency resolved a long-standing problem with finance and freedom, making people feel secure and confident. Jambler.io is a platform that defends the right to privacy by making cryptocurrency mixing services available as a business project for common people and by providing a high level of anonymization for transactions. Jambler.io provides its users […]
Bithumb to Open a Decentralized Global Exchange
Bithumb, one of South Korea’s biggest cryptocurrency exchanges, will open a new cryptocurrency exchange to target the global market, the company announced on Oct. 3 This is part of its plans to take the lead in the global cryptocurrency market through overseas expansion as there are a lot of difficulties in expanding its domestic business […]
Passware: The First to Recover Bitcoin Wallet Passwords
Passware, Inc., a provider of password recovery, decryption, and electronic evidence discovery software for computer forensics, announces Passware Kit recovers passwords for popular Bitcoin wallet services: Blockchain.com (known previously as Blockchain.info) and Bitcoin Core. Bitcoin is the first and number one ranked decentralized peer-to-peer digital payment network that is powered by its users with no […]
IBM Awarded Patent for Secure System Based on Blockchain
Tech conglomerate IBM has recently been awarded a patent for a blockchain-based secure system. The patent filing was published on U.S. Patent and Trademark Office (USPTO) website Tuesday, October 2. As IMB explains in a document first filed in September 2017, the technology enables the detection of security breaches within a network by connecting all the monitors to a chain configuration, which registers all […]
Italian Banking Completes First Test of Blockchain Interbank System
The Italian Banking Association (ABI) has revealed they successfully passed the initial phase of testing their blockchain-powered interbank system, Italian financial media outlet Ansa reported September 29. By applying distributed ledger technology (DLT), the group of 14 Italian banks is planning to improve interbanking processes. Specifically, the association intends to boost the processing time of […]
The Hong Kong Monetary Authority Launch of Faster Payment System
The Hong Kong Monetary Authority (HKMA) announced the launch of the Faster Payment System (FPS) today. The FPS is one of the seven initiatives announced by the HKMA in September 2017 for preparing Hong Kong to move into a new era of Smart Banking. The FPS operates on a round-the-clock basis and connects banks and […]
Father Vs. Son On Blockchain Trends: Q&A With Tim And Adam Draper
Just five months ago, billionaire venture capitalist ‘Tim Draper’ made a prediction that the price of one bitcoin will rise to $250,000 by 2022. Even though the price has since fallen, Draper believes that bitcoin will bounce back. When the Silk Road collapsed in 2014, the U.S. Marshals auctioned 144,000 bitcoins and Tim Draper purchased […]
U.S. Govt. Goes All in on Tracking Cryptocurrency Usage
Citing public records, research firm Diar reports that U.S. government agencies have collectively spent $5.7 million hiring contractors who perform blockchain analysis, which involves linking an individual’s identity with their cryptocurrency funds. Though there are tools and even individual cryptocurrencies that purport to allow users to send funds anonymously, the vast majority of cryptocurrency users leave enough of a trail that, […]
Bitcoin Core Upgrade ‘Critical’ for Everyone, Urge Developers in Bug Disclosure
Bitcoin Core developers published a “full disclosure” of the vulnerability affecting several implementations of the Bitcoin (BTC) client Friday, September 21, repeating calls for all nodes to upgrade to the latest version as a priority. In addition to technical details about the bug, known as CVE-2018-17144, the disclosure explains how developers dealt with the threat […]
Bitfury’s Coffee Machine Accepts Bitcoin Via Lightning Network
Blockchain firm Bitfury has come up with a novel product aimed at making it easier to pay for products with bitcoin. A specialized engineering team within the company has developed a coffee vending machine capable of connecting to the Lightning Network, a second-layer transaction protocol designed to make bitcoin more scalable by processing transactions off the […]
Poland’s Bank to Launch Blockchain Platform for Document Management
Poland’s largest bank will launch a blockchain solution for its customer documents via a partnership with UK-based Coinform “in the coming days,” the parties confirmed in a press release Thursday, September 20. Part of a drive to enhance security of customer data, PKO Bank Polski will use Coinform’s Trudatum to provide blockchain-issued paperwork to its […]
Crypto Exchange Zaif Hacked In $60 Million
Yet another Japan-based cryptocurrency exchange has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. The licensed exchange, called Zaif, is operated by the Tech Bureau. It said on Thursday that the exchange first noticed an unusual outflow of funds on the platform around 17:00 Japan time on September 14, […]
The $20 Million Bitcoin Miner Being Hailed as a Bitmain Rival
After CoinDesk revealed the China-based crypto mining giant was planning an initial public offering (IPO) for September, the company has faced a wave of perhaps unprecedented scrutiny. On social media, allegations emerged Bitmain was everything from insolvent to presenting a rosy outlook for its financials, all the while investors linked to the funding effort backed […]
Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification
South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local […]
Crypto Wallet Vows to Make Transferring Funds as Simple as ‘Sending a Text’
The company behind “one of the world’s most secure mobile cryptocurrency wallets” says its platform offers banking-grade features to protect tokens, while ensuring that completing transactions is as simple as “sending a text.” SovereignWallet says one of its main motivations is promoting financial inclusion and enabling the unbanked to create accounts for crypto directly from […]
