Switzerland Retail Giant Adopts Blockchain Solution for Food Traceability
August 30th, 2019
Migros, the largest retailer in Switzerland recently announced its plan to implement blockchain solutions for better traceability of fruits and vegetables. Migros Implementing Blockchain Solution Almost every industry finds Blockchain technology as an advanced methodology to fight for various issues prevailing in the respective industry. As such, Migros with a mission to bring safety and…
Lightning Network’s Vulnerability Exposes Users to Loss of Funds
August 30th, 2019
A developer of Bitcoin’s Lightning Network, Rusty Russell today, announced that the Network is currently facing some security challenges which “could lead to a loss of funds.” The announcement was made via a blog post on Lightning Network’s Common Vulnerabilities and Exposure page and affected users have been advised to upgrade to a newer version…
Bitcoin and Crypto ATMs Will Now Require a License in this U.S. State
August 30th, 2019
Cryptocurrency ATMs in Nevada will now require a license from the Nevada Financial Institutions Division (NFID). As the state lawmakers failed to enact laws on regulating these units. The NFID has taken it upon itself to control the space. Teri Williams, a spokesperson on the issue, told the media, “Any entity that facilitates the transmission…
McAfee Labs Reports Increase in Bitcoin Ransomware and CryptoJacking
August 30th, 2019
According to a recent report by McAfee Labs, ‘Cryptojacking campaigns targeting victims’ computers to mine cryptocurrencies increased by 29% in Q1 2019. They also detected newer entities that were getting in on the scene. The hackers have repeatedly attacked Apple and Microsoft Windows computers to mine crypto. Monero [XMR] is very popular among them because…
SEC Charges $10 Million to Dallas Company for Selling Unregistered Offering
August 29th, 2019
In the latest report, the United States Securities and Exchange Commission (SEC) settled charges against a firm and its founders who allegedly defrauded investors. SEC has been battling against bad players in the crypto market. Announced earlier today, SEC settled charges against Bitqyck Inc., and its founders, Bruce Bise, and same Mendez. SEC Settles Charges…
Bitcoin Price Plummeted Below $10k Overnight; Here’s What Analysts Think
August 29th, 2019
Wednesday evening saw a sharp drop in bitcoin price as the premium coin went from $10,277 to $9700 and then went further to down to $9482 as at press time. Following bitcoin’s fall, other major cryptocurrencies also witnessed falls between 4 and 10 percent. Several traders and analysts had earlier warned that bitcoin was heading…
The Woman behind Capital One Bank Hack used Cloud Servers for Cryptojacking
August 29th, 2019
As per the latest report from the Department of Justice (DOJ), the woman who hacked Capital One bank used the cloud servers to mine cryptocurrencies. Software engineer Paige Thompson was recently charged with the Capital One bank data breach in which the personal data of over 100 million people were exposed. Not only has she…
Vitalik Buterin Documents List of Fake Claims Made by Craig Wright with Proof
August 29th, 2019
Vitalik Buterin, the co-founder of Ethereum, is not afraid of ‘calling out frauds.’ Earlier in an open conference, Buterin had called Craig a fraud, which sparked a lot of controversies. Now, he has published a fork on Github titled cult of CSW. In the report, he has compiled a list of proof of fake claims,…
OKEx Exchange Partners With This Indian Exchange Despite Banking Ban; Here’s Why
August 29th, 2019
Despite the hostile crypto environment in India, the world’s leading exchange has joined hands with India’s crypto trading platform. Announced recently, OKEx crypto exchange entered into a strategic partnership with the Indian based Bitbns crypto exchange. While the country’s crypto exchanges are battling for the regulatory clarity on crypto industry in India, OKEx, the Malta-based…
SEC Will Not Change its Rules for Crypto Assets, Says Chairman Clayton
August 28th, 2019
Crypto-enthusiasts have always reiterated that the current securities law, primarily the ‘Howey Test’ is inadequate to define things for cryptocurrencies. Some also expected a change in the ‘securities law’ to accommodate cryptocurrencies. However, in a recent interview, Jay Clayton, the SEC Chairman said that, “Just to be clear, I am not looking to expand the…