Argo Blockchain Plans to Terminate Mining Contracts, Cut Costs by 35 Percent

The company blamed the continued suppression of Bitcoin prices and associated profitability issues in the mining market. United Kingdom-based cryptocurrency mining provider Argo Blockchain announced it was refocusing its business as part of a major cost-cutting exercise, according to a strategy update published on Feb. 15. Argo, which is headquartered in London with facilities in […]

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HSBC Reports 25% Savings in Forex Trade Settlement Using Blockchain

London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for forex trade settlement by a quarter. London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (forex) trade settlement by a quarter, Reuters reported on Feb. 14. According to Mark Williamson — chief operating officer of forex cash trading […]

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Buterin-Proposed Constantinople Ethereum Feature Allegedly Introduces Attack Vector

A new function meant to be added to Ethereum through the Constantinople hard fork reportedly introduces a new attack vector. Ethereum (ETH) co-founder Vitalik Buterin has proposed a new smart contract creation function dubbed “Create2.” This function reportedly introduces a new attack vector to the platform, according to a post on the Ethereum developers forum […]

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Report: QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

According to a report, QuadrigaCX has “inadvertently transferred 103 bitcoins valued at approximately $468,675” to cold wallets the exchange cannot currently access. Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12. The founder […]

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