Chinese local governments hit a bump in the road with implementing blockchain applications because stakeholders don’t want to share their data. Chinese local governments are facing difficulties when implementing blockchain applications due to stakeholders unwillingness to share privately owned data, according to a local report on June 10. Data is king According to the investigation, […]
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Filecoin revs up test net, hosting a competition prior to its mainnet unveiling. Blockchain-based decentralized data storage solution Filecoin unveiled its testnet recently, complete with a competition. In an act of network experimentation, Filecoin’s test network will host a three week mining contest worldwide, with 4 million of the project’s FIL tokens up for grabs […]
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The Crypto Rating Council announced the addition of NY-based CrossTower as its newest member. Cryptocurrency exchange CrossTower is now part of the Crypto Rating Council, or CRC. They join as the council’s newest member, alongside 11 other industry companies. According to the announcement on June 10, the CRC were pleased to select the New York-based […]
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According to Bithumb, the Ether that paid a $2.5 million transaction fee ended up in its coffers. According to Bithumb, the 0.55 Ethers (ETH) that incurred a $2.6 million transaction fee ended up in one of the exchange’s wallets. Mistake or money laundering? Earlier today, someone paid 10,668.73 Ethers in gas to move $134 worth […]
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An archaic blockchain technology helps a technology company convince U.S. bank regulators that the transactions are free of money laundering. Treasury Prime aspires to bring U.S. banks out of the stone age by providing automation through APIs. It appears that they internally use rudimentary blockchain technology to handle their compliance efforts. Time travel The company […]
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Sophos revealed recent botnet attacks breach Microsoft SQL server databases to install a well-known Monero mining app. Recent reports revealed that a group of hackers behind the Kingminer botnet targeted vulnerable Microsoft SQL server databases to mine cryptocurrencies at some point in the second week of June. According to the cybersecurity firm Sophos, the attackers […]
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An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future. South Korean media outlets suggest that local merchants could accept the upcoming digital yuan as a payment method once the COVID-19 pandemic passes, and Chinese tourist flow increases in the […]
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Kroll’s Cyber Risk team detected a growing trend in the use of banking trojans to launch ransomware attacks. A study by risk solutions provider, Kroll, identified a growing trend in the use of Qakbot trojan, or Qbot, to launch email thread hijacking campaigns and to deploy ransomware attacks. According to the findings in conjunction with […]
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Experts say CoinMarketCap’s update is not good enough after the latest method tweak causes further controversy among the community. For reasons of vanity as well as for those of industry health, it’s important to have a good method for ranking crypto exchanges and coins. But as the past few years have shown, no foolproof method […]
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Now, more than ever, the economic efficiency and transparency is omnipresent, and emerging technologies such as blockchain have highlighted the dire need for such solutions. We are currently living in an unprecedented time, with the COVID-19 pandemic sweeping the world and taking far too many precious lives. Markets are being decimated and economies are on […]
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