Two US-based law firms are the latest victims of the REvil malware group, which is auctioning off their sensitive data. Ransomware group REvil has started another auction on the dark web listing sensitive data stolen from two US-based law firms. The listing appeared June 6 through REvil’s official blog on the darknet, where bidders look […]
Continue Reading
A representative of LG’s information technology subsidiary LG CNS told Cointelegraph that blockchain-based identity systems could replace all login functions. A representative of LG’s information technology subsidiary, LG CNS, told Cointelegraph that blockchain-based identity systems could become the new standard for login functions. When asked about why the firm is pursuing the development of blockchain-based […]
Continue Reading
Check out this week’s Bad Crypto News It’s been a strange week for BTC as we move forward in our new mining rewards era. The price ends the week down but a late rally has pushed it back over $9,000. Technical analysts expect Bitcoin to continue rising based on the liquidation range of short positions, […]
Continue Reading
South Korea’s electronic giant exhibits interest in distributed ledger technology. LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations. Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG […]
Continue Reading
Decentralized identity solutions might be blockchain’s killer app. LG has partnered with United States-based company Evernym to develop blockchain ID technology. Asian financial news outlet Aju Business Daily reported on May 26 that LG CNS — LG’s IT services subsidiary — signed a memorandum of understanding with Evernym. The collaboration between the two firms aims […]
Continue Reading
SK Telecom released the world’s first 5G phone with a blockchain-powered ID authentication service incorporated. Samsung and SK Telecom, a South Korean mobile carrier, unveiled the world’s first 5G smartphone equipped with blockchain-powered ID authentication. The phone, called “Galaxy A Quantum”, has a quantum random number generation chipset developed in partnership with Samsung Electronics. The […]
Continue Reading
South Korea’s smart city Sejong will be establishing a blockchain-based identity verification platform for self-driving vehicles. The government of South Korea’s planned city Sejong — which is the country’s testing ground for major smart city solutions — announced Friday that it will be establishing a blockchain-based platform for storing and verifying the digital identities of […]
Continue Reading
NH Bank rolls out first commercial use of a blockchain ID system developed by major South Korean firms like Samsung and LG Uplus. A major blockchain identification project backed by South Korean tech giant Samsung is being rolled out for first commercial use. South Korea’s NongHyup (NH) Bank has introduced a blockchain-based mobile ID system […]
Continue Reading
Huobi joins Binance and LG Electronics as a member of the Klaytn Governance Council, a part of Kakao’s public blockchain project. Huobi is the latest firm to join the Klaytn Governance Council, a part of Kakao’s public blockchain project which runs its distributed network under the shared governance. The council grows According to an early […]
Continue Reading
Identity digitalization: How China is taking major steps to use blockchain in the government sector. News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country. President Xi identified […]
Continue Reading