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Blockchain & Cryptocurrency Con 2018 • February 23-24, 2018

The blockchain technology is much more than Bitcoin and mining and trading cryptocurrencies. It can be leveraged in a wide…

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Tag: security

Bitfinex to Launch Decentralized Crypto Marketplace EOSfinex

Category: Altcoins, Business, Finance, News, Tech

Bitfinex to Launch Decentralized Crypto Marketplace EOSfinex

The controversial crypto exchange Bitfinex publicized its plan to launch a new decentralized cryptocurrency exchange, dubbed EOSfinex. In an industry where cryptocurrencies are typically decentralized, it comes as a surprise that more marketplaces don’t also represent this characteristic. Further, centralized exchanges can charge exorbitant fees for transactions and are prone to hacks. Decentralized Exchange for Decentralized Cryptocurrencies The introduction of…

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A Digital Vault for Bitcoin Emerges in Ontario, Canada

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

A Digital Vault for Bitcoin Emerges in Ontario, Canada

VersaBank, an original fully-digitized Canadian bank, is offering a new-era deposit facility for consumers’ digital assets. Billing itself as “Canada’s fintech engine,” VersaBank terms the offering a “blockchain-based digital safety deposit box” for bitcoin and other virtual currencies. Blockchain Is Secure, but VersaBank Is Airtight A former lead at BlackBerry cybersecurity, Gurpreet Sahota, has been appointed as Chief Architect on…

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UK Government Websites Hit by Monero Mining Malware Could Have Been Much Worse

Category: Altcoins, Mining, News, Tech

UK Government Websites Hit by Monero Mining Malware Could Have Been Much Worse

In 2018, Hackers are designing malware not just to steal your personal information on your computer, but also to take over its processing power to mine cryptocurrencies. From this, we can glean that the value of cryptocurrencies and their importance is rising while governments and security companies need to focus exponentially more on these types of malware attacks. Government Websites…

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Microsoft to Develop Decentralized Digital Identities and the Blockchain

Category: Blockchain, Business, News, Tech

Microsoft to Develop Decentralized Digital Identities and the Blockchain

The world we live in is ever changing with technological advancements outpacing the ability for the layperson to understand them. The world is undergoing a global digital transformation. Thus, it isn’t farfetched to assume that our current society may need a new model for one’s digital identity. Precisely, one that enhances privacy and security across both the digital and physical…

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Pakistani Suspect Arrested in UAE’s First Bitcoin Scam

Category: Bitcoin, News

Pakistani Suspect Arrested in UAE’s First Bitcoin Scam

The Criminal Investigation Department (CID) of Sharjah police arrested a suspect in the first ever reported UAE Bitcoin fraud. The perpetrator managed an alleged two million Dirham ($680,625) worth of bitcoin in the scam. Transaction Confusion The Sharjah Police received a report from an Indian citizen claiming to have purchased bitcoin from a Pakistani national also living in the UAE….

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Hacker Dupes Experty Subscribers to the Tune of $150,000 in Ethereum

Category: Commentary, Ethereum, News

Hacker Dupes Experty Subscribers to the Tune of $150,000 in Ethereum

Reports alleging a hack involving the Experty initial coin offering (ICO) in which hackers made off with an excess of $150,000 are now surfacing. Successful Phishing Attempt The hacker successfully managed to trick people into sending ether funds to a wrong address. Users that had signed up for notifications related to the ICO received an email stating that they could…

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Canada and WEF Pilot Biometric Blockchain Digital Identity Travel Program

Category: Blockchain, Commentary, Tech

Canada and WEF Pilot Biometric Blockchain Digital Identity Travel Program

On January 25, 2018, Canada announced the start of a pilot digital identity program called the Known Traveler Digital Identity system (KTDI). This system relies on biometric and other personal data as well as blockchain technology to create an ID that travelers can share with authorities. The project arose out of two years of collaboration between international partners as part…

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8 Leading Crypto Exchanges in South Korea Receive Fines of $130,000 Due to Poor Security

Category: News, Regulation

8 Leading Crypto Exchanges in South Korea Receive Fines of $130,000 Due to Poor Security

The South Korean authorities have issued fines to eight of the largest cryptocurrency exchanges in the country as a result of their poor security standards. The exchanges include the likes of Coinpia, RippleForYou, Coinplug, Upbit, Coinone, and Korbit. The size of these fines ranged from $10,000 up to $25,000. Identifying Shoddy Security Measures Bithumb is currently the second most significant…

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UK Businessman Robbed Of A “Fortune” In The Country’s First Bitcoin Robbery

Category: Bitcoin, News

UK Businessman Robbed Of A “Fortune” In The Country’s First Bitcoin Robbery

City financier turned cryptocurrency trader Danny Aston, 31, on Monday faced what could easily qualify as a living nightmare for many. In presumably the first ever bitcoin robbery in the United Kingdom, four armed men allegedly broke into Aston’s home, held his family hostage at gunpoint, and got away with millions of dollars worth of bitcoin. Bitcoin Coercion Citing input…

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Russian Couple Robbed of $100,000 Worth of Bitcoin in Thailand

Category: Bitcoin, News

Russian Couple Robbed of $100,000 Worth of Bitcoin in Thailand

A young Russian couple on holiday was robbed of approximately $100,000 worth of bitcoin in their condo unit at The Lago Naiharn Beach in Phuket, Thailand on the night of January 15, 2018. The robbery was reported on January 17, 2018, to Lt. Chanat Hongsuttichaikun of the Chalong Police. A Phuket Tourist Police volunteer who is a Russian national, Igor…

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