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Dutch Authorities Set to Draft Stricter Anti-Money Laundering Laws

July 2, 2019 by Ogwu Osaemezu Emmanuel at Regulation

In a bid to make it harder for drug traffickers, fraudsters, and other bad actors to launder money both in the form of cryptocurrency and fiat, the Netherlands’ Minister of Finance, Wopke Hoekstra, and Minister of Justice, Joseph Grapperhaus, have submitted new anti-money laundering (AML) proposals to the nation’s Lower...

CEO of Blockchain Startup Acquires U.S.-Based Bank

July 2, 2019 by Ogwu Osaemezu Emmanuel at Business

Jeffrey Berns, a 56-year-old consumer protection lawyer, cryptocurrency millionaire and CEO of Blockchains LLC, a distributed ledger technology (DLT) firm created in 2017, has purchased Kirkwood Bank of Nevada for $28 million. The move is part of Berns' broader plans to build a decentralized financial ecosystem powered by blockchain technology,...

OmiseGo Records First Transaction on Mainnet

OmiseGO: The Journey through June

July 2, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain

OmiseGO (OMG), the blockchain project in charge of the 33rd largest cryptocurrency in the world, has released its June 2019 roundup, outlining some of the significant milestones reached by the project, including the launch of Samrong's public alpha, Ethereum integration for its eWallet and more, according to a blog post...

West Africa Gets Serious with New Banking Technologies

July 1, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Finance

Nigeria, the most populous nation in Africa has announced plans to officially adopt an open banking standard powered by new technologies such as distributed ledger technology (DLT), to promote transparency in the financial services sector, according to a report by local news source the Guardian on July 1, 2019. Nigeria...

Smart MFG and SyncFab Join the Binance Chain Network

July 1, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Smart MFG Tech, a firm focused on the Internet of Things (IoT) and promoting new technologies for use within the manufacturing industry, and SyncFab, a startup working in the manufacturing supply chain ecosystem, have joined the Binance Chain network. The collaboration will give users access to multi-asset class digital payments...

Authority man findin a cryptocurrency mining machine

Iranian Authorities Impound 1,000 Bitcoin Mining Machines

June 28, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

Power officials in Iran have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, Iran. The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of government-subsidized electricity, according to a Tech2 report on June...

Kakao and LG Making Contact Blockchain White

LG Electronics and LG Group to Adopt Kakao Blockchain

June 28, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, News

LG Electronics Inc., a leading South Korean multinational electronics firm and LG International Corp., an affiliate of the LG Group have agreed to adopted Klaytn, the distributed ledger technology (DLT) platform of Korea’s messaging giant, Kakao. The move will make it possible for LG to integrate blockchain technology into their...

Ex-Australian Football Player Tried Killing Drug Habits with Bitcoin Trading

June 28, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Mark "Bomber" Thompson, a former premiership coach in the Australian Football League (AFL), has admitted to abusing drugs and trading cryptocurrency. According to Thompson, quitting professional football made him depressed, so he channeled all his energy into high-risk crypto speculation, reports SMH on June 26, 2019. Bomber Addicted to Ice...

Green Skull and Crossbones Hackers Hands

Bitrue Exchange Hacked, $4.3 Million Worth of XRP and ADA Stolen

June 27, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Bitrue, a Singapore-based bitcoin (BTC) exchange, has suffered a massive security breach that has gifted hackers more than $4 million worth of XRP and Cardano (ADA) altcoins, announced the firm via Twitter on June 27, 2019. Hackers Steal ADA, XRP from Bitrue According to a Twitter thread by Singapore’s leading...

Imgur Secures $20 Million Funding from Coil to Expand its Platform

June 27, 2019 by Ogwu Osaemezu Emmanuel at Business

Imgur, an online image sharing community and image host with more than 300 million users, has secured $20 in funding from Coil, a blockchain-powered content monetization platform. The partnership will enable Imgur to expand its business and reward content creators with XRP, according to a press release on June 26,...

Twitter Bird Flying Away with a Tesco Sign

Tesco’s Twitter Account Compromised, Hacker Asks for Bitcoin (BTC)

June 27, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Hackers have hijacked the official Twitter handle of Tesco, a British multinational groceries and general merchandise retailer with over 3,400 stores scattered across the globe. The bad actors tried to orchestrate a bitcoin (BTC) giveaway scam with the account without much success, according to a BleepingComputer report from June 25,...

Ransomware: Another U.S. City Pays Hackers Over $500k in Bitcoin

June 27, 2019 by Ogwu Osaemezu Emmanuel at Crime, News

The leaders of Lake City, a city of less than 70,000 people, located in central north Florida’s Columbia County, have paid the sum of 42 bitcoin (about $523k at press time ) to the hackers who orchestrated the catastrophic ransomware attack that totally crippled the area’s online processes two weeks...

Crypto-Linked Businesses in Switzerland Demand Banking Access

June 26, 2019 by Ogwu Osaemezu Emmanuel at Finance, News

While the government of crypto-friendly Switzerland have since put in place amenable regulations to govern the region’s blockchain and digital assets ecosystem, traditional financial institutions in the country remain reluctant to service cryptocurrency-related startups. Now, pioneers of the Swiss blockchain and crypto sector say it is high time the banks...

Saudi Banks Set to Curb Card Theft with DLT and Biometrics

June 26, 2019 by Ogwu Osaemezu Emmanuel at Cybersecurity, News

In a bid to make it impossible for fraudsters to use stolen cards to withdraw money at automated teller machine (ATM) points, ShoCard, a mobile blockchain-powered digital identity platform has developed an identity management solution that combines biometric and distributed ledger technology (DLT). The system is now being trialed by...

Canada’s Graph Blockchain Ink Deal with South Korea

June 26, 2019 by Ogwu Osaemezu Emmanuel at Business, News

Graph Blockchain Inc., a blockchain technology firm based in Richmond, Canada, has inked a strategic partnership deal with the Ministry of Transportation in Seoul, South Korea, to enable the former to develop a distributed ledger technology (DLT) that would enable Seoul to store traffic data, as part of its Smart...

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