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About author: Akshay Makadiya

Romanian Websites Use CoinHive Scripts to Illegally Mine Monero

Category: Altcoins, Mining, News, Tech

Romanian Websites Use CoinHive Scripts to Illegally Mine Monero

According to the Romanian National Computer Security Incident Response Team (CERT-RO), about 150 Romain domains run the cryptojacking malware CoinHive Script. CoinHive is known to have affected millions of computers around the world to mine the privacy-centric cryptocurrency Monero. Cryptojacking: Critical Global Issue CoinHive is a tool which hijacks computers and mines cryptocurrency without the knowledge or consent of the…

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SWIFT Inks Agreement with CSD Consortium to Use Blockchain Technology for Post Trade

Category: Blockchain, Business, Finance, News

SWIFT Inks Agreement with CSD Consortium to Use Blockchain Technology for Post Trade

The global secure financial messaging service SWIFT recently inked a Memorandum of Understanding (MoU) with a consortium of central securities depositories (CSDs) to explore how the digital ledger technology can enhance the post-trade processes such as corporate actions processing, voting, proxy voting, and trade processing. DLT and Post Trade The consortium consists of U.S.-based Nasdaq Market Technology, Russia-based National Settlement…

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BCC Price Drops 90 Percent as Bitconnect Shuts Down Exchange Platform

Category: Altcoins, Business, Commentary, News, Regulation

BCC Price Drops 90 Percent as Bitconnect Shuts Down Exchange Platform

The controversial cryptocurrency, Bitconnect, has once again landed in the spotlight for the wrong things. According to the company’s website, it has officially announced to shut its lending and exchange service following warnings from US State regulators.   Identifying Malicious Intent Due to the announcement, the Bitconnect (BCC) price in USD plunged over 90 percent according to Coin Market Cap…

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Russia’s Biggest Lender Opens Blockchain Lab

Category: Blockchain, News, Tech

Russia’s Biggest Lender Opens Blockchain Lab

Sberbank, a state-owned Russian bank, has opened up about an initiative for starting a blockchain laboratory. The lab aims to provide a platform to pilot test blockchain endorsed business solutions for the Russian financial group. Blockchain technology to transform banking industry The biggest lender in Russia is already developing 20 blockchain based pilot projects, including a joint venture with Severstal…

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UW System School infected with Bitcoin Mining Scripts

Category: Altcoins, Bitcoin, Mining, News, Tech

UW System School infected with Bitcoin Mining Scripts

The University of Wisconsin System discovered three of its servers mining Bitcoin. The UW Madison news section reported, illegal crypto miners exploited three servers at UW-Madison, UW-Stout, and UW-Superior by installing Bitcoin mining malware via the Oracle WebLogic software vulnerability. The UW System schools infected server were put offline to establish a safe and secure environment. Hunting Miners Hunting Crypto…

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Back of the Envelope Calculation Values Bitcoin at $29,000

Category: Bitcoin, Commentary, Finance, News

Back of the Envelope Calculation Values Bitcoin at $29,000

A recent back of the envelope calculation ended up valuing bitcoin at $ 29,000. Initially, the computation model calculated a ballpark figure of the virtual currency at $16,000. A more comprehensive approach supplied the $29,000 estimate. A back of the envelope prediction is an informal calculation that uses estimates to attain a figure. It is better than guessing but less…

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Boeing a better investment than Bitcoin, says Jim Cramer

Category: Bitcoin, Commentary, Finance, News

Boeing a better investment than Bitcoin, says Jim Cramer

Jim Cramer, the host of CNBC’s Mad Money program, recommends investing in Boeing Co. rather than controversial cryptocurrency bitcoin. The television personality also said he is bewildered with the current crypto mania in the market. Dividing Wall Street Cramer, the former hedge fund manager, is confused why the market is so obsessed the popular digital asset bitcoin. The economic guru…

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KFC Canada: Give us your Bitcoins

Category: Bitcoin, Business, News

KFC Canada: Give us your Bitcoins

Canadian franchises of the fast food restaurant chain KFC, formally known as Kentucky Fried Chicken, is jumping into the crypto world. KFC Canada is offering chicken for bitcoins. “The Bitcoin Bucket” Offer “The Bitcoin Bucket” is the limited-time marketing tactics launched on January 11, which allows buyers to redeem the offer by paying using bitcoin only. “Sure, we don’t know…

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Bitcoin Price Driver: Ownership becomes a Matter of Social Status

Category: Bitcoin, Commentary, News

Bitcoin Price Driver: Ownership becomes a Matter of Social Status

The most popular cryptocurrency bitcoin also referred as digital gold, has had an exciting and sumptuous year. Bitcoin’s price grew over 1500 percent in past 12 months, making it one of the best investment options. The digital asset is now used as a social status boosting element due to its escalating price. Bernstein Research has compared China’s status boosting alcoholic…

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How Can Blockchain Help Science?

Category: Blockchain, Business, News, Tech

How Can Blockchain Help Science?

Blockchain technology has undoubtedly a massive potential in fields of finance. However, several institutions are planning to introduce the revolutionary technology into scientific organizations. Many already have initiated pilot programs to embrace the distributed ledger technology. Jack of All Trades The much-hyped technology also can transform the scientific landscape. According to a report conducted by Digital Science, the technology can…

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