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Vulnerability on Ethereum Enables Malicious GAS Minting

November 23, 2018 by Nuno Menezes at Altcoins, Blockchain, Finance, Investment, News, Platform, Tech

A newly discovered vulnerability on Ethereum allowing for malicious GasToken Minting was found. The development team already acknowledged the issue and informed most of the affected users on November 13, 2018, via private disclosure. The Attack Crypto exchanges usually allow the withdrawal of Ethereum to arbitrary addresses with no gas...

SBI Ripple Asia Partners with Payment Card Consortium in Japan To Combat Fraud

November 23, 2018 by Cindy Huynh at Blockchain, Business, News

SBI Ripple Asia has recently partnered with the Japanese Payment Card Consortium to fight fraud with blockchain technology. According to BankingTech’s article published on November 22, 2018, the participating companies plan to prevent the damages caused by fraudulent transactions, by sharing data and information on a real-time basis along Corda,...

Computing Rigs Powering the Cryptocurrency Mining Industry

U.S. Bitcoin Mining Pioneer GigaWatt Files for Bankruptcy in Washington

November 23, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Mining, News, Platform, Tech

GigaWatt, one of the earliest players in Central Washington's bitcoin boom, has filed for bankruptcy protection, making it the latest casualty in an industry hammered by falling prices, the Seattle Times reported on November 21, 2018. Washington Bitcoin Pioneer Seeks Chapter 11 Protection In the latest twist in an entrepreneurial...

California-Based Silvergate Bank Files for IPO to Boost Cryptocurrency Services

November 22, 2018 by Pratik Makadiya at Bitcoin, Blockchain, News, Platform, Tech

Silvergate Bank, based out of La Jolla, CA, is preparing to go public with a price target of $50 million, according to the documents filed and submitted to the securities regulators. It would be listed in the New York Stock Exchange (NYSE) under the ticker “SI”. The bank is a...

SEBA Crypto AG Teams up With Loomis International to Build a Tempest “Level A” Deep Cold Storage

November 22, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News, Platform, Tech

Swiss cryptocurrency startup SEBA Crypto AG has announced November 22, 2018, a new partnership with Loomis International, an arm of Sweden-based Loomis Group that has been a leading global provider of logistics solutions for valuables. Under the new partnership, both companies will collaborate to build a Tempest "Level A" Deep...

Armor’s Annual Black Market Report Shows Cybercrime-as-a-Service is on the Rise

November 22, 2018 by Alex Lielacher at Altcoins, Blockchain, Business, Crime, News, Platform, Tech

It is no secret that crime has moved online. Cybercrime has been identified as one of the biggest risks to society by the World Economic Forum Global Risk Report 2018. One of the primary drivers behind the boom in cybercrime is the ease of availability of hacking tools as well...

SWIFT India Partners with MonetaGo to Trial Distributed Ledger Technology

November 22, 2018 by Cindy Huynh at Blockchain, Business, News

SWIFT India, a joint venture between the Society for Worldwide Interbank Financial Telecommunication (SWIFT SCRL) and international and Indian Banks, recently partnered with MonetaGo, a fintech company, to trial distributed ledger technology (DLT). According to the press release published on November 20, 2018, the DLT network will help improve the...

Bitcoin, Ether, and XRP Weekly Market Update December 23, 2019

Bitcoin, Ether, and XRP Weekly Market Update: November 22, 2018

November 22, 2018 by Georgi Hristov at Bitcoin, Blockchain, Business, Ethereum, Exchange, News, Platform, Tech

During the last seven days, we saw the biggest crash the in crypto market for 2018. Total market cap dropped with 32 percent, to $140 billion and all of the Top 100 currencies registered heavy losses. BTC/USD Bitcoin is in a downtrend since November 14 when it broke below the $6,000...

Siemens Joins The EWF To Accelerate Blockchain In the Energy Sector

November 22, 2018 by Cindy Huynh at Blockchain, Business, News

The Siemens’ Divisions Energy Management and Power Generation Services have recently become a member of the Energy Web Foundation (EWF), a non-profit alliance that supports the development and growth of blockchain-based projects in the energy sector. According to Siemens’ press release published on November 21, 2018, Siemens will play a...

Fusion Foundation’s Payable Staged Network Set to Launch in December 2018

November 22, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, Development, News

Fusion (FSN), a decentralized, blockchain technology-based protocol for financial solutions, announced the launch of its upcoming Payable Stage Network (PSN), which will facilitate cross-border, cross-ledger, and cross-asset transactions, per a Medium post, November 20, 2018. Opportunity to Fully Explore the Network before Main Net Migration In a bid to conduct...

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