Binance Korea Deploys Anti-Money Laundering Tool from Regtech Company Coinfirm
Binance’s Korean crypto trading arm is now working with blockchain analytics startup Coinfirm to better ensure anti-money laundering (AML) compliance.
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WeChat Pay Now Puts Receipts On Blockchain –
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Binance CEO, CZ in a recent tweet shared that now WeChat pay in Shenzhen is putting its receipts on the blockchain. WeChat is a Chinese multi-purpose messaging and mobile payment app developed by Tencent. Is it a hint enough that WeChat pay will soon support crypto payments as well? Crypto Twitter Lauds Chinese Efforts Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Source- Twitter Cz’s tweet led to a series of tweets by the crypto twitter asking about the blockchain is being used is it a new blockchain or the Bitcoin blockchain. Further, tweets went on to laud China’s technological efforts and said the Chinese were living in the future. WeChat Pay’s Tryst With Crypto Earlier in May, WeChat updated its privacy policy which confirmed that merchant accounts which found dealing in cryptocurrency transactions will be terminated soon. WeChatPay’s parent company Tencent even issued key measures to effectively monitor crypto activities. These included forbidding users from using Wechat…
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Fearing Revolt, Roger Ver’s Bitcoin.com Backs Down From Proposed BCH Mining Tax
According to a statement earlier today, Jan. 28, Roger Ver’s Bitcoin.com is backing down from the 12.5% mining tax on Bitcoin Cash they proposed along with other major BCH mining pools owing to the community’s overwhelming negative response to the proposal. Bitcoin.com’s position Last week, Bitcoin Cash (BCH) personalities proposed a 12.5% tax on mining rewards that would ostensibly go to funding network development. Now Bitcoin.com has rejected the proposed mining tax unless serious alterations are made: “As it stands now, Bitcoin.com will not go through with supporting any plan unless there is more agreement in the ecosystem such that the risk of a chain split is negligible. We think it is clear that the existing proposal does not have enough support.” In the post, Bitcoin.com urged transparency, flexibility and unity. Bitcoin.com suggests that a lack of ecosystem agreement risks a split in the chain, though they seem to be looking for ways to fund further development: “We will be working to come up with a plan that is profitable for all the relevant parties and which preserves the fundamental…
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How Bitcoin can be hacked?
In this article, we will discuss how bitcoin can be hacked. Bitcoin [BTC] runs on blockchain technology, in fact, it is the first successful decentralized application of the technology which has been around for quite some time. Essentially, a blockchain is a secure way of database management. The transactions are recorded on a single unified ledger which avoids double-spending and mutation of the balances. These transactions are verified across a distributed network of miners/nodes which are incentivized by Bitcoin [BTC] rewards. The second layer of security to the ecosystem is provided by cryptography. The public and private addresses are encrypted by a hashing algorithm (SHA-256 for Bitcoin). This encryption can be solved only by a hit and trial method which requires high computing power. Moreover, each transaction is confirmed across a network of distributed miners. Hence, weeding out malicious nodes by the majority. These features shield the network against possible attacks on the blockchain. The technology has been secure and unaffected since its inception in 2009. Theoretically, however, Bitcoins’ blockchain can be attacked in the following ways, 51% Attack As…
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Blockchain Firms Flocked to Hong Kong in 2019: Report
More blockchain companies set up shop in Hong Kong in 2019 than firms from any other fintech sub-sector, according to a report from the region’s Financial Services and the Treasury Bureau. ,
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Tezos Becomes Latest Blockchain to Tap Chainlink for Oracle Services
Pricing feed protocol Chainlink has integrated with yet another blockchain, this time Ethereum rival Tezos. ,
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BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit
HDR Global Trading, the operator of crypto exchange BitMEX, is giving a $400,000 grant to the cybersecurity nonprofit Shadowserver Foundation. In an April 6 statement on the company’s blog, HDR Global Trading announced that it would offer $400,000 to the organization over the next four years. The BitMEX operator will be acting as a member of the nonprofit’s new industry alliance for Internet security. Richard Perlotto, Shadowserver Director, thanked HDR for “their rapid response to our call for help” and emphasized the organization’s commitment to fighting cybercrime. The director is referring to IT firm Cisco Systems pulling their support for Shadowserver in February, precipitating a call for new sponsors. Samuel Reed, Co-Founder and Chief Technology Officer (CTO) of BitMEX, said: “Shadowserver is an extremely highly regarded player in the botnet defence community. They work tirelessly and make a tangible difference to ensure the Internet is more secure for all users. Cross-industry collaboration is going to be essential to the future security of the Internet at large, and not least the cryptocurrency industry. We’re keen to play our part championing security…
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Guangdong Blockchain Financing Platform Aims to Help Small Business
The Guangdong government launched a blockchain-based financing platform Thursday that will help small companies in the region receive loans faster from commercial banks. ,
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Plaintiffs Combine Their Market-Manipulation Lawsuits Against Bitfinex and Tether
Plaintiffs in three separate putative class action lawsuits against Bitfinex and Tether have moved to consolidate their cases, according to a Thursday court filing. ,
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Doomsday Clock Nears Midnight, Time to Buy Bitcoin?
The Doomsday Clock is now closer than its ever been in its 73 year history to spelling out the total destruction of mankind. Surely it must be Bitcoin o’clock now? The world’s experts sound the alarm Amid the rumors that Bitcoin and other Proof of Work (PoW) cryptocurrencies are unsustainable drains on the environment which consume too many resources, The Bulletin of Atomic Scientists has updated the famed Doomsday Clock to 100 seconds closer to midnight. The Panel of Nobel Laureates cited climate change and the risk of nuclear war as the two primary reasons to sound the alarm. It’s 100 seconds to midnight. The closest since 1953, at the height of the Cold War. The Bulletin of Atomic Scientists is a non profit organization focused on global security and climate issues caused by technological advance. They originally instituted the Doomsday Clock devastation metric 73 years ago, in the era of the Manhattan project, just after the first atomic strikes on Japan, and the elevated tensions of the Cold War brought nuclear non-proliferation into the public eye. The recent events…
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Hold Tight, Here Come the Blockchain Wars
Secondly, the natural instinct of this slightly-less-dumb capital is to pick projects with defendable moats. Monopolies make great returns for their backers. Duopolies are okay too. But an active market saturated with great teams doing awesome things is just not worth the bother. Large and vaguely strategic investors act as catalysts, unfairly popularising their own bets, sometimes against better alternatives. In other words, it’s winner-take-all. This makes the industry-wide “open-source” collaboration and technology sharing, which has characterized blockchain innovation so far, that much less likely to continue. Consider that Silicon Valley startups are not well known for giving away the engineering secrets to their core products. Sure, Apple “open-sourced” Darwin, but it kept the real jewels of OSX for itself. Ditto Facebook. Ditto Google. Companies share what makes strategic sense to share, but that rarely means sharing the really cool stuff. The game becomes increasingly zero-sum. This is already happening to some degree in our space with numerous well-funded and research-heavy startups like StarkWare and Dfinity refusing to open up the important bits of their technology. Some are even apparently…
