Monthly Archives: July 2018

UK Food Standard Agency Completes Blockchain Pilot for Food Supply Chain

The British Food Standard Agency has completed a pilot using blockchain in the food sector to enable compliance and transparency in the food supply chain. UK food regulator the Food Standard Agency (FSA) has successfully accomplished a pilot using blockchain technology according to an announcement published July 2. This was reportedly the first time blockchain has been used as a regulatory tool to ensure compliance in the food sector. The pilot was implemented in a cattle slaughterhouse, where both the FSA and the slaughterhouse were authorized to […]

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Satoshi or Faketoshi? Analysts Assess Crypto’s Latest Messiah

Stylometry is the study of linguistic style, generally with a view to identifying its author. In the absence of any other meaningful metrics, it’s become the primary means of analyzing the veracity of new writings purporting to be the work of Satoshi Nakamoto. Last week, armchair stylometrists were given a trove of material to sift through after someone purporting to be bitcoin’s pseudonymous creator released a 21-page retrospective. Also read: Mainstream Media Believes Satoshi Nakamoto is Back Crypto Messiah or Crypto Pariah? Anyone can claim to be Satoshi […]

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EU’s Report on Cryptocurrencies: Says Officials “Should Not Ignore” Them

The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.” Authored by Marek Dabrowski and Lukasz Janikowski, the report comes at the request of the European Parliament’s Committee on Economic and Monetary Affairs, and its findings are a focal point for the committee’s July 2018 Monetary Dialogues. Referring to cryptocurrencies as virtual currencies (VCs), the report examines the functionality of cryptocurrency as a monetary instrument; its most popular iterations in bitcoin, ether […]

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Bank of Finland Releases Scathing Crypto Report, Calls Digital Currency a “Fallacy”

Bank of Finland crypto report calls blockchain a “centralized ledger” and digital currencies a “fallacy.” The Bank of Finland released a paper on June 21 titled “The Great Illusion of Cryptocurrencies,” explaining why they think the concept of a digital currency is a “fallacy.” The paper, written by Aleksi Grym, Adviser on Digitalization and Head of the Digital Central Bank process in the Financial Stability and Statistics Department. It aims to explain how cryptocurrencies’ fundamental nature “shows how poorly understood the concept of money itself still is […]

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Luxury Shopping Marketplace Fancy Offers Discount for Bitcoin Purchases

Bitcoin whales and long term holders are always looking for places they can spend their cryptocurrency without having to touch fiat. Fancy allows just that, with a huge catalog of luxury shoes, high-end gadgets and much more. The site now accepts both BTC and BCH, and offers a special discount for crypto shoppers. Also Read: The Daily: Fake Trezor Website, Floods Take Out Mines, and New Crypto Investments Crypto Discount on Luxury Goods Fancy.com, a curated luxury goods marketplace featuring over 250,000 products, has announced that, since […]

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‘Dumb’ MacOS Malware Attacks Slack, Discord Users Discussing Crypto

Malware targeting Mac users discussing crypto on Slack and Discord has been found by security researchers. Security researchers have discovered MacOS malware attacks targeting Slack and Discord users talking about cryptocurrencies, SC Media UK reports July 2. Remco Verhoef, founder of network security firm DutchSec, posted about the malware on June 30th in a blog post for the information security and cybersecurity training Sans Institute. According to Verhoef, the attacks impersonate administrators or “key people” in crypto-related chats, and then share “small snippets” that are downloaded and […]

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Coinbase’s New Custody Service Opens Its Doors

On July 2, 2018, Coinbase officially launched Coinbase Custody. After accepting its first trial deposit last week, the newly introduced custodial service is up and running. “Today, we’re proud to announce that we’re officially open for business,” Coinbase Custody’s Product Lead Sam McIngvale writes in a blog post. “Over the coming weeks, we’ll continue on-boarding a set of world-class clients that includes leading crypto hedge funds, exchanges and ICO teams.” The newest addition to Coinbase’s suite of products, the service is catered toward institutional investors and big […]

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Gaming PC That Mines While Idling Hits Market in Russia

A hybrid computer, designed to please both gamers and miners, is now selling in Russia. The company offering the new PC promises a quarter ether of monthly income for gaming enthusiasts who would like to mine when their expensive configuration is idling. The premiere coincides with reports of new negative forecasts for hardware manufacturers.  Also read: Associations Challenging Crypto Ads Ban to Proceed with Lawsuit Quarter Ether per Month Promised The Russian company, Crypto Technology, presented its latest product, Cashbox X-Gaming, last week in Saint Petersburg where […]

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Association of Thai Securities Companies Considers Launching Joint Crypto Exchange

Several Thai securities companies will be applying for a joint crypto license in order to expand into the digital asset market. The Association of Thai Securities Companies (ASCO) is considering establishing a joint cryptocurrency exchange, with plans for several firms to apply together for a crypto exchange license, local news outlet Bangkok Post reports July 2. Pattera Dilokrungthirapop, ASCO chairperson, told the Bangkok Post that several Thai securities firms will apply for a joint crypto operating license with the Thai Securities and Exchange Commission (Thai SEC) in […]

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‘Coinbase Custody’ Targeting Institutional Investors Now ‘Officially Open for Business’

Major U.S. crypto exchange and wallet provider Coinbase has today launched its digital assets custodian solution for institutional investors. Major U.S. crypto exchange and wallet provider Coinbase has announced that its digital assets custodian solution for institutional investors is now launched, in an official blog post July 2. Coinbase first revealed its plans for its ‘Coinbase Custody’ venture in late 2017, saying at the time that it was seeking to address what it considers to be the “number one” concern of institutional investors, namely, security. As per […]

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