Amex planning to use AI for ‘approving cards and lines of credit’
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US Gov’t Extradites Alleged Fraudster for Selling Fake Securities for $11M in BTC
The United States has extradited a Swedish national from Thailand for allegedly selling fraudulent securities to investors online, garnering over $11 million worth of Bitcoin (BTC).Per a press release from the U.S. Department of Justice (DoJ) published on Nov. 18, Roger Nils-Jonas Karlsson is on his way to the U.S. to stand trial on behalf…
Nike Explores Blockchain for Supply Chain Data Collection
The Chain Integration Pilot (CHIP) of the Auburn University RFID Lab in Alabama has published a proof-of-concept whitepaper that seeks to demonstrate the efficiency savings blockchain technology can unlock across the contemporary supply chain. The proof-of-concept was designed to ingest, encode, distribute, and store serialized data from multiple points throughout the supply chain on Hyperledger Fabric. The…
Ethereum co-founder Vitalik Buterin defends DAOs against critics
Ethereum co-founder Vitalik Buterin has come out swinging in defense of Decentralized Autonomous Organizations (DAOs), arguing that in some circumstances they can be more efficient and fairer than a traditional corporate structure.In theory DAOs are collectively owned and managed by their members and have no central leadership. All decisions relating to aspects such as the…
JPMorgan forecasts limited downside for crypto markets: Report
JPMorgan's analysts consider Bitcoin's declining open interest to be a sign that the current price trend may be weakening. 292 Total views 2 Total shares The cryptocurrency market's recent downtrend appears to be coming to an end, as JPMorgan's latest research suggests that most long-position liquidations have been completed.According to a Bloomberg report, analysts for…
Bitcoin bears attempt to pin BTC price under $23K ahead of this month’s options expiry
Bitcoin's (BTC) 16% price gain between Feb. 13 and Feb. 16 practically extinguished the bears' expectation for a monthly options expiry below $21,500. As a result of the abrupt rally, these bearish bets are unlikely to pay off, especially since the expiry occurs on Feb. 24. However, bulls were not counting on the strong price…
Blockchain Interoperability: The Holy Grail for Cross-Chain Deployment
As per a detailed report released by accounting giant Deloitte at the World Economic Forum on the subject of blockchain interoperability, this fast-evolving technology still has some distance to tread before it can be ported into action for mainstream purposes such as large-scale supply chain management, secure data sharing and other processes.In this regard, a…
Taiwan central bank completes wholesale CBDC study, plans next steps
A central bank official spoke about ongoing CBDC research and other payment modernization Taiwan is exploring. 901 Total views 6 Total shares Taiwan’s central bank has completed a feasibility study of wholesale central bank digital currency (CBDC) and is continuing to consider its introduction. The central bank is seeking feedback from business and academics and
Engineer hacks Trezor wallet, recovers $2M in ‘lost’ crypto
Hacker helps Trezor One owner who forgot his wallet passcode and seed phrase to recover cryptocurrency funds valued over $2 million. 405 Total views 4 Total shares A computer engineer and hardware hacker has revealed how he managed to crack a Trezor One hardware wallet containing more than $2 million in funds.Joe Grand — who…