Technology

Decentralized derivatives exchange Digitex has fallen victim to a significant data breach believed to have exposed the email addresses and possibly other information of more than 8,000 users. A former employee stole private information for more than 8,000 users, Christina Comben, who heads Digitex’s communications, said Friday. Comben told CoinDesk the exchange was “aware of
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The Central Bank of Brazil made some waves last week with its new instant payment system. While not blockchain-based, the new system, dubbed PIX, nevertheless is imbued with some of blockchain’s core attributes. Money transfers have historically been slow, cumbersome and expensive. For example, Bank A takes its fee when a payment is sent and
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Coinhako, a cryptocurrency exchange backed by Tim Draper, has restricted user withdrawals after falling victim to a “sophisticated attack.” The Singapore-based exchange told users Friday that account send functions for cryptocurrencies had been temporarily disabled. Although a spokesperson initially said this was for “network maintenance”, the exchange admitted Saturday it had been victim to an
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The U.S. Securities and Exchange Commission (SEC) rejected Wilshire Phoenix’s bid for a bitcoin-based exchange-traded fund (ETF). In a filing posted Wednesday, the securities regulator wrote that the New York-based Wilshire Phoenix had not proven the bitcoin market is sufficiently resistant to market manipulation. Wilshire, a newcomer to the financial services industry, first applied for
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25 leading pharmaceutical manufacturers, distributors, logistic partners, and other representatives of the pharma supply chain have published a report arguing in favor of adopting blockchain technology to track and trace prescription drugs after completing a pilot program with the US Food and Drug Administration. During early 2019, the FDA began accepting proposals for projects seeking
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There are two warring factions at the Federal Communications Commission (FCC).  One side represents the business class, or the dominant internet service providers (ISPs) that want less regulation, freer markets, and the ability to determine how to run and where to build their networks. Its apotheosis is found in the current chairman, Ajit Pai. The
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The Cyprus Securities and Exchange Commission (CySEC) recently published a report discussing the ongoing activities of its Innovation Hub — a cooperative entity that was launched in October 2018 as a platform for engagement between CySEC and entities operating in the fintech and regtech sectors.  Nineteen different companies directly engage with the platform, nine of
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Bitcoin’s lightning network is growing “increasingly centralized,” making it more susceptible to attacks, asserts a new paper by security researchers. Seen as a potential solution bitcoin’s scaling headaches, lightning is a payment network allowing for speedier and cheaper transactions. Partly to make lightning more robust, developers and researchers have been trying to spot holes in
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Bitcoin’s (BTC) price volatility spiked in January and could further increase over the near term because “whales” have surfaced. The cryptocurrency’s annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Kraken’s monthly report.  Volatility rose as bitcoin’s price rallied from lows near $6,850 on Jan. 3
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South Korean technology behemoth, Samsung, recently unveiled the new Galaxy S20 range of phones, which among other features, includes an improved security system that protects the user’s blockchain private key. The inclusion of blockchain storage security in its new flagship devices confirms Samsung’s continuous adoption of crypto and blockchain technology.  Ensuring Your Blockchain Private Keys
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One of the financial hubs of the Middle East, the United Arab Emirates (UAE), is continuing to expand blockchain-driven developments. The Department of Economic Development (DED) of Dubai has established a Know Your Customer (KYC) blockchain consortium with six major banks. Dubbed “KYC Blockchain Consortium,” the new blockchain-powered regulatory platform is designed to accelerate processes
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Are two recent attacks taking advantage of “flashloans,” low liquidity and price oracle issues the first of more to come? Part of what makes decentralized finance, or DeFi, interesting to people is how it takes advantage of open-source protocols to enable types of transactions never before available. The problem, however, is financial structures mean new
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Matterum’s platform for authenticating collectible items is now live, and it’s already processed several $10,000 William Shatner figurines. According to its website, Mattereum “has the tools to make physical goods flow around the world as easily as information using Ethereum blockchain smart contracts.” The company’s first client is Third Millenia Inc. (which works on the
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The United Arab Emirates (UAE) Ministry of Health and Prevention (MoHAP) has collaborated with several other government parastatals in the region to utilize distributed ledger technology (DLT) for data storage and the provision of smart healthcare solutions, reports The Science Times on February 17, 2020. The UAE Transforming Healthcare with DLT In line with its
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According to an announcement on February 17, 2020, the Union of European Federal Associations (UEFA) is set to distribute more than one million football match tickets through its blockchain-powered mobile application. UEFA Tickets on Blockchain Soccer enthusiasts in Europe are set to experience the distributed ledger technology (DLT) disruption in its full force as according
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As we come into a new decade, we have seen many things that have excited the community including what many believe to be a new Bull Run. What better way to celebrate this than the release of the first official Crypto Anthem, dedicated to the crypto community as a whole. Referencing well over 50 projects
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Canadian entrepreneur and software engineer Joseph Lubin helped spearhead the development of the open-source smart contract blockchain platform that came to be known as Ethereum. Lubin has long believed that this technology could serve “as an organizing principle for earth, the world, the planet.” As one of the wealthiest and most influential public figures in
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Lindsey Barrett, a staff attorney at Georgetown Law, does not hold back when she sees bad actors in the tech space. She recently vehemently opposed the Sprint-T-Mobile merger in Slate, warning that “further consolidating an already anti-competitive sector” would make “it easier for those companies to gouge their customers.” Social media companies are making our
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