Tag: Blockchain

Bitcoin con artists charged with $51M investment scam

In Taipei, a group of Bitcoin BTC con artists have been charged with running an elaborate cryptocurrency scam that defrauded local and foreign investors out of millions of dollars. Authorities formally charged a 47-year-old man surnamed Lin, along with six accomplices, with violating Taiwan‘s Banking and Multi-Level Marketing Supervision acts […]

Read More

ICOs banked $13B with ‘little work, accountability, or transparency,’ report

To date, Ethereum‘s process of initial coin offerings (ICOs) has earned token founders an estimated combined profit of $12.8 billion, made entirely of digital assets they created out of thin-air. The research arm of BitMEX has tracked the $24 billion worth of tokens issued by blockchain startups in its history, just, you know, to […]

Read More

Oil behemoths join Shell and friends on energy trading blockchain

The centuries-old, paper-based trading process of the oil and gas industry was overhauled last year, courtesy of the blockchain and an industry consortium originally including Shell, BP, ABN Amro, ING, and Societe Generale. The industry platform, called VAKT, announced yesterday that a host of new petrochemical and oil giants – […]

Read More

IBM, Ford, LG Chem lead blockchain coalition for ethically sourced minerals

A coalition of companies led by IBM will use blockchain technology to ensure that the supply chain for minerals will be ethically sourced. The coalition includes Ford Motor, Huayou Cobalt, LG Chem, and RCS Global. We’ve all heard about “blood diamonds” and conflict minerals, where mined goods are used to […]

Read More

Long-serving cryptocurrency exchange forced offline, hackers blamed

One of the internet’s longest serving digital asset exchanges, Cryptopia, claims to have been hit by a debilitating hack. After a full day of unscheduled maintenance outages, the NZ-based cryptocurrency exchange posted an official statement, explaining it had suffered “a security breach which resulted in significant losses.” According to Cryptopia, both New […]

Read More

Bittrex launches peer-to-peer trading service for high rollers

The United States-based cryptocurrency exchange Bittrex has just launched an over-the-counter (OTC) trading desk which will see cryptocurrency traders deal directly, rather than through an exchange. The trading desk will support just under 200 cryptocurrencies, and will guarantee pricing for trades over $250,000, Coindesk reports. The OTC platform went live […]

Read More

HSBC leans on blockchain tech to process $250b worth of fx transactions

Global bank HSBC has processed more than 3 million foreign exchange (fx) transactions using blockchain technology.  According to a report, the transactions, completed over the past year, were worth $250bn. If previous statements are anything to go by, HSBC likely used a permissioned (aka private) blockchain to carry out the transaction. Private blockchains […]

Read More

Surprise – the 3 biggest cybersecurity threats are all cryptocurrency miners

The three most prevalent threats plaguing the internet have been found to be cryptocurrency miners. In its latest analysis of the internet‘s most pressing malware hazards, cybersecurity group Check Point ranked the supposedly neutral Monero-mining script CoinHive in first place – for the thirteenth month in a row, reports ZDNet. Open-source Monero-mining […]

Read More