Diamonds Are Blockchain’s Best Friend: How DLT Helps Tracking Gems and Prevents Fraud

Russia’s Ministry of Education and Science introduced a blockchain platform for tracking diamonds. Last week, Russia’s Ministry of Education and Science introduced a blockchain-enabled platform for tracking diamonds. Indeed, blockchain has been bringing transparency into the diamond industry — a complex ecosystem where corruption and irresponsible mining appear to be largely present. Self-regulation in the […]

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Users of Crypto Wallets Electrum and MyEtherWallet Face Phishing Attacks

Users of digital currency wallets Electrum and MEW are purportedly facing phishing attacks attempting to steal their sensitive information. Users of cryptocurrency wallets Electrum and MyEtherWallet are currently facing phishing attacks, according to posts published on Reddit and Twitter on Feb. 4. A phishing attack is an attempt to obtain sensitive data like users’ personal […]

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QuadrigaCX Is Filing for Creditor Protection Amid Liquidity Crisis, Community Remains Largely Skeptical

Canadian cryptocurrency exchange is in hot water. Canadian cryptocurrency exchange QuadrigaCX is in hot water: Following the sudden death of its 30-year-old founder, Gerald Cotten, the exchange has allegedly lost access to its cold wallets, where most of the funds were stored. Now, the exchange has taken to court to avoid the collapse, but some […]

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Blockchain’s Main Strengths Are Transparency and Instantaneity: HSBC Exec

Béatrice Collot, Head of Global Trade at HSBC, said that transparency and instantaneity are two central strengths of blockchain. Transparency and instantaneity are the main strengths of blockchain technology, an HSBC executive claimed in an interview with French business and tech journal L’Usine Digitale, Feb. 4. Béatrice Collot, Head of Global Trade and Receivable Finance […]

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