An interview with a senior analyst at ISE. Earlier this week, United States-based security consulting firm Independent Security Evaluators (ISE) published a report on private keys for the Ethereum blockchain. Despite establishing around 700 weak private keys that are being regularly used by multiple people, the researchers found a “blockchain bandit” who has managed to […]
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A closer look at what appears to be one of 2019’s greatest crypto scandals yet. In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with […]
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DLT-based trade finance network Marco Polo has onboarded three new members for piloting and evaluating purposes. Distributed ledger technology (DLT)-based trade finance network Marco Polo has onboarded three new members for piloting and evaluating purposes, according to an announcement published on April 25. Marco Polo Network is a joint undertaking with tech firm TradeIX, enterprise […]
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Yoshitaka Kitao has been appointed as an executive of Ripple Labs Inc. Yoshitaka Kitao, CEO and representative director of Japanese financial services giant SBI Holdings, has been appointed as an executive of Ripple Labs Inc., Cointelegraph Japan reports on April 26. As previously reported, SBI Holdings is an active partner of Ripple via their joint […]
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The Ripple-powered technology will initially use Indian rupees, but the bank plans to add both more countries and currencies in the future. Saudi British Bank (SABB) has launched an instant cross-border transfer service powered by Ripple, according to a news release on April 25. The bank said the technology, unveiled at the Financial Sector Conference […]
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JPM is planning to widen the use of its blockchain system. On April 21, it was revealed that JPMorgan Chase (JPM), the United States’ largest bank with over $2.62 trillion in assets, is planning to widen the use of its blockchain system. Specifically, JPM is adding new features to its Interbank Information Network (IIN), which […]
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SMBC becomes the network’s latest major member, following BNP Paribas and ING. Major Japanese bank, Sumitomo Mitsui Banking Corporation (SMBC), will leverage R3’s Marco Polo blockchain network for trade finance, local cryptocurrency news outlet CoinDesk Japan reported on April 25. SMBC, which is Japan’s third-largest bank by assets, plans to roll out blockchain services in […]
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Payments services firm Bitspark is releasing a cryptocurrency pegged to the Philippine Peso dubbed “peg.PHP.” Payments services firm Bitspark is releasing a cryptocurrency pegged to the Philippine peso (PHP). The development was announced in a press release shared with Cointelegraph on April 25. Bitspark, a blockchain-based bankless money transfer solution, will launch a PHP pegged […]
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Thailand’s largest commercial bank SCB and state oil company PTTEP have successfully tested blockchain use. Thailand’s largest commercial bank, Siam Commercial Bank (SCB), and state oil company PTT Exploration and Production Public Company Limited (PTTEP) performed a successful test of blockchain use for cross-border business-to-business payments. The bank recently announced the successful pilot on its […]
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Plans are afoot to give Disney a major say in the fate of Bitstamp and Korbit platforms in future. Two major cryptocurrency exchanges could soon have Walt Disney Corp. as their owner if a $13 billion equity deal goes through, South Korean English-language daily news outlet The Korea Herald reported on April 17. Citing a […]
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