Blockchain can help eliminate cybercrime threats
Cybercrime is a growing scourge that shows no signs of slowing down anytime soon without a serious game changer to stem the tide.
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Business Insider: Goldman Sachs Drops Plans to Open Crypto Trading Desk
Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reports September 5, citing sources familiar with the matter.The bank’s plans to create a crypto-focused unit by the end of June 2018 were originally reported by Bloomberg, with sources claiming that Goldman Sachs aims to become "the first large…
Square doubles down on Bitcoin, investing another $170M
Jack Dorsey’s Square now owns roughly 3,318 more BTC. 3629 Total views 22 Total shares Financial services outfit Square just announced it has picked up more Bitcoin. Square “has purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million,” the company said in a public statement on Tuesday, adding:“Combined with Square’s previous purchase of…
OCC makes its staff available for fintech-related discussions
The announcement of one-on-one discussions with the OCC followed the department saying it planned to establish an Office of Financial Technology starting in 2023. 169 Total views 6 Total shares The United States Office of the Comptroller of the Currency, or OCC, has announced its representatives will be available on a one-to-one basis to discuss…
Coinbase: Ethereum Classic Double Spending Involved More Than $1.1 Million in Crypto
A deep reorganization of the Ethereum Classic (ETC) blockchain, which reportedly included double spending, has involved more than $1.1 million worth of crypto, United States crypto exchange Coinbase revealed Monday, Jan. 7.According to the Coinbase blog, the team first detected eight reorganizations that included double spends, totaling 88,500 ETC (approximately $460,000). Later, the exchange informed…
Bittrex Secures $300 Million Insurance for Cryptocurrencies in Cold Storage
Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage.Bittrex announced in a blog post on Jan. 29 that the exchange obtained specialty insurance for corporations by insurance firm Lloyd’s of London after working with major insurance broker and adviser Marsh. The co-leader…
Thai SEC to tighten up rules for crypto, focus on investor protection
Thailand's chief regulator highlights the importance of tighter control over the cryptocurrency-related advertisements. 1502 Total views 5 Total shares Own this piece of crypto history Collect this article as NFTThailand joins the growing list of countries that are seeking to revise their crypto regulation in the aftermath of the FTX collapse. And, as most of…
An Army of Hackers Can Make Crypto Safer, But Is Enough Being Done?
In the past decade, hacking gradually became a respectable and potentially rewarding career thanks to the introduction of bug bounties.While some organizations like Mozilla launched bug bounties all the way back in 2004, major impetus to the industry came when Google and Facebook rolled out similar programs in 2010 and 2011, respectively. Soon after, in…
Mythical Games raises $75M to speed up NFT gaming
The blockchain-based game developer is currently working on an open-world multiplayer game with playable NFTs. 1159 Total views 2 Total shares Los Angeles-based NFT games developer Mythical Games announced a $75 million Series B financing with new and existing investors. The company plans to use the fund to popularize ownership in games through playable nonfungible…