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First Turkish-German Trade Finance Transaction on Distributed Ledger Technology

June 7, 2020cashtechnews

Turkish İşbank and German Commerzbank completed the first blockchain-based trade finance transaction between the two countries. A major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts. İşbank, the first Turkish bank to join R3’s Corda platform […]

Safety Check: If Crypto Custodian Fails, Clients May Not Get a Full Payout

June 7, 2020cashtechnews

Crypto exchanges — not segregating blockchain addresses — could lead to ownership disputes in the event of insolvency, research says. A recent paper from academics at Leiden Law School suggests that if a crypto exchange or crypto custodian goes bankrupt, investors could well lose control over their stored coins. This happened in Japan’s Mt. Gox […]

Forget $10K, Bitcoin $12K Breakout Will Catch Everyone Off Guard

June 7, 2020cashtechnews

Is Bitcoin allergic to $10,000? Will we see a breakout in 2020 for BTC as this key level keeps being tested each week. Bitcoin (BTC) price yet again surged past $10K for just a few hours before experiencing a short sharp 10% sell-off last week. Each time this happens, crypto Twitter brings out the fanfare […]

Decentralization: Preserving Personal Privacy While Fighting COVID-19

June 7, 2020cashtechnews

Decentralized technologies can help to avoid jeopardizing citizens’ private data in the name of public health during the global pandemics. In an effort to keep citizens safe, state authorities have rapidly implemented various emergency plans to curb the spread of COVID-19. In South Korea, the movements of infected citizens are being broadcasted via public text […]

Crypto Crime on the Rise — Good Odds of 2020 Becoming a Record-Breaker

June 7, 2020cashtechnews

Experts believe that a more holistic crypto ecosystem, especially one that is more AML-centric, is needed to help prevent the spread of crypto scams in 2020. Per a new report released by digital-asset intelligence firm CipherTrace on June 2, the value of ill-gotten funds siphoned through cryptocurrency crimes over the first five months of the […]

How Bitcoin Can Help the African American Community

June 7, 2020cashtechnews

According to author Isaiah Jackson, establishing economic strength could help the black community in ways protesting on the street can’t. If Bitcoin is the “peaceful protest” crypto advocates like Binance CEO Changpeng Zhao and author Isaiah Jackson say it is, then how can the average person use it to help the African American community right […]

6M Bitcoin Are Secured By Shared Custody

June 7, 2020cashtechnews

Almost one-third of the entire Bitcoin supply is secured with a feature that gained adoption after the Mt. Gox heist. Almost six million Bitcoins (BTC) are stored in multi-signature wallets — nearly one-third of the total supply. Prevents ‘Exit scams’ Bitcoin is generally secured with a combination of a public and private key. In order […]

3 Things Every Crypto Investor Should Know About Trading Bitcoin Futures

June 6, 2020cashtechnews

Crypto exchanges are offering more futures and options instruments for investors, but it’s crucial to be aware of funding and other fees. Trading Bitcoin (BTC) futures might seem easy on the surface but there are a number of fees that investors seeking big returns from high leverage trades ignore. In addition to trading fees, investors […]

Crypto Ransom Amounts Skyrocketed 200% in 2019

June 6, 2020cashtechnews

A report from Crypsis Group revealed that threat actors have significantly escalated their tactical approaches in ransomware attacks. A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019. According to the 2020 Incident Response and Data […]

This Chinese City Is Launching a Blockchain Notary Program

June 6, 2020cashtechnews

Suzhou wants to implement a blockchain-based pilot program to use real-time notarial tracing functions across the country. Local media outlets are reporting that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China. According to China Quality News, authorities of Suzhou announced on June 5 that this program aims to […]

Category: All News

First Turkish-German Trade Finance Transaction on Distributed Ledger Technology

Safety Check: If Crypto Custodian Fails, Clients May Not Get a Full Payout

Forget $10K, Bitcoin $12K Breakout Will Catch Everyone Off Guard

Decentralization: Preserving Personal Privacy While Fighting COVID-19

How Bitcoin Can Help the African American Community

6M Bitcoin Are Secured By Shared Custody

3 Things Every Crypto Investor Should Know About Trading Bitcoin Futures

Crypto Ransom Amounts Skyrocketed 200% in 2019

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