#Blockchain

South Korea’s Second Largest City to Develop Blockchain-Enabled Virtual Power Plant

December 11, 2018 by Eddie Mitchell at Adoption, Blockchain, Business, News, Regulation

The South Korean government will be spending four billion Korean won (KRW) ($3.500.000) to create and deploy a “virtual power plant” based on blockchain technology reports local media outlet Yonhap News on December 10, 2018. According to the report, the city administration of Busan, the second most populated city in...

UNICEF Joins the Blockchain Movement, Set to Fund Various Blockchain Projects in Emerging Economies

December 11, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Development, Finance, News

In a bid to make it easier for innovators in emerging economies to solve real-life problems with distributed ledger technology (DLT ), the UNICEF Innovation Fund, has announced a move to invest heavily in six blockchain startups in developing and emerging economies, according to a press release on December 10,...

Construction Workers Posting a "No Encryption Sign"

Australian Anti-Encryption Bill Reminds the Globe “Why Crypto?”

December 11, 2018 by contributor at Blockchain, Business, Crime, News, Regulation

The Australian government has passed a controversial anti-encryption bill that allows law authorities to forcefully access sensitive consumer data encrypted by popularly-used technology companies and social applications, reported The Hacker News on December 10, 2018. Data Down Under Formally known as the "Telecommunications Assistance and Access Bill 2018," the act...

Hackers Unfazed by Crypto Price Crash as they Double Down on Wallet Attacks

December 11, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Business, Finance, News, Platform

According to a report by ZDNet, published on December 10, 2018, cybercriminals have doubled-down on their efforts to hack into internet-exposed Ethereum wallets and mining equipment. Publicly Exposed Ports Risk Holders Wallets Per the report, cybercriminals are actively scanning for crypto equipment with port 8545 exposed online. Notably, port 8545...

Japanese buildings skyline with bitcoin boards

Cyberpunk is Now, but Japan is Only ‘Kind of’ Crypto

December 11, 2018 by Liam J Kelly at Altcoins, Blockchain, Business, News, Platform, Tech

Japan dominates the crypto headlines week in and week out. It has played the host country for a number of the industry’s largest hacks but also boasts massive retail uptake. In a recent article on the world of cryptocurrencies, The Wall Street Journal even felt obliged to travel to the...

HTC's First Blockchain Phone Can Only Be Purchased With Cryptocurrencies

HTC Blockchain Phone Exodus Sets Brave as its Default Internet Browser

December 11, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Business, News, Platform, Tech

According to a report by Finance Magnets, published on December 10, 2018, Taiwan-based mobile company HTC has that Brave (BAT) will be their blockchain-based smartphone Exodus’ default internet browser. HTC Hopes to Regain Market Share through Blockchain In May 2018, the Taiwanese company announced that it’s set to enter the...

BSV Network Is Vulnerable To Double Spending

December 11, 2018 by Cindy Huynh at Altcoins, Blockchain, Business, News, Platform, Tech

Bitcoin Cash SV (BSV), a new token that recently emerged from the Bitcoin Cash hard fork on November 15, 2018, is currently vulnerable to double spending. According to an uploaded video on December 8, 2018, Vimeo user Reizu demonstrated that he was able to take advantage of the of the...

China To Crackdown on Both National and International Bitcoin Exchanges

Conducting Security Token Offerings (STOs) in China Is Illegal

December 11, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Business, Finance, News, Regulation

At a time when Security Token Offerings (STOs) are gradually gaining grounds in the cryptospace, with some observers predicting the new type of fundraiser will replace initial coin offerings (ICOs), deputy governor of the People’s Bank of China (PBoC) has made it clear that STOs are illegal in China, reported...

Person Checking Laptop with Shinhan Bank Card

South Korea: Shinhan Bank Turns to Blockchain Technology to Augment Financial Services

December 11, 2018 by contributor at Adoption, Blockchain, Business, Finance, News

South Korea’s second largest bank has started a pilot project to implement a blockchain-based work process across a range of financial services and internal protocol management systems, reported Korea Times on December 10, 2018. Leading Blockchain Adoption Managing assets of over $260 billion and storing $192 billion worth of the...

Despite Crypto Downfall, Southeast Asian Countries Fast Turning into a Blockchain Hub

December 10, 2018 by contributor at Adoption, Blockchain, Business, Finance, News, Regulation

Southeast Asia is swiftly shaping into a blockchain hub, with most emerging and developed markets in the region firmly positioning themselves at the forefront by deploying blockchain-based products across a myriad of business verticals, reported The Asean Post on December 10, 2018. Beyond the Internet Boom While most uses of...

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