Bitcoin continues to account for the lion’s share of crypto-denominated ransomware payments — 98% as compared with just 2% for privacy coins like dash and monero. Bitcoin (BTC) continues to account for the lion’s share of crypto-denominated ransomware payments, according to Coveware’s Q1 2019 Global Ransomware Marketplace report, published on April 15. The report — […]
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Fintech firms can put blockchain technology to the test, but cryptocurrency projects are excluded, India’s central bank has announced. The Reserve Bank of India (RBI) has announced the terms of its regulatory sandbox in report on April 18. Per the terms of the sandbox, various applications of blockchain technology can be tested, while cryptocurrency-related projects […]
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PayPal was granted a cybersecurity patent to prevent crypto ransomware hackers from locking up users’ files. Digital payments giant PayPal has won a cybersecurity patent to protect users from crypto ransomware, according to a document from the United States Patent and Trademark Office (USPTO) published on April 16. The system described in the patent, entitled […]
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Two United States regulators, namely the SEC and FINRA, will discuss digital assets at a broker-dealer meeting in June. Two United States regulators, namely the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), will discuss cryptocurrency at a broker-dealer meeting on June 27. The SEC announced the opening of registration for […]
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Daniel Daianu, a member of the BNR’s Administration Council, has stated that cryptocurrency will not replace currency issued by central banks An official from the Romanian central bank has stated that cryptocurrency will not replace currency issued by central banks as it is not necessarily a currency. The news was published by local media outlet […]
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South Korea’s largest telecom firm KT implemented blockchain tech to prevent hacks of connected IoT devices. KT Corporation, South Korea’s largest telecom firm, has launched its blockchain-powered fifth-generation (5G) network brand, local news agency The Korea Times reports on April 16. Called “GiGA Chain,” the brand intends to boost the security of Internet-of-Things (IoT) devices […]
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Samsung SDS reportedly will work with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market. Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14. SDS, the systems integration arm of […]
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U.S. federal jury convicted two alleged Romanian hackers of spreading malware to steal credit card credentials and illicitly mine cryptocurrency. A federal jury has convicted two Romanian alleged cybercriminals of spreading malware to steal credit card credentials and illicitly mine cryptocurrency, an announcement from the official website of the United States Department of Justice revealed […]
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Mike Blandina, who has over 25 years of experience in payments and engineering, joined Bakkt as its new chief product officer. A former engineering executive at PayPal and Google will join the team behind the institutional digital asset platform Bakkt, the firm’s CEO Kelly Loeffler announced in a blog post on Medium on April 11. […]
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The company’s WISeCoin spin-off plans to raise a total of around $17.5 million in the upcoming token offering. A subsidiary of Swiss cybersecurity and blockchain firm WISeKey has raised $7 million in an pre-funding round prior to launching a security token offering (STO), the company confirmed in a press release on April 11. WISeCoin, which […]
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