Monthly Archives: October 2019

US Police Devices Firm Explores Blockchain to Fight Deepfake Videos

U.S. law enforcement technology manufacturer Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its new body cameras. Leading technology manufacturer for United States law enforcement Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its body cameras. Verifying police footage The impetus behind Axon’s interest in emerging technologies is public and government concerns about “deepfake” videos, Reuters reported on Oct. 3. Deepfake videos are produced using a particular type of artificial intelligence (AI) making them look and sound like the […]

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Hackerone User Reveals Critical Bug Through MakerDAO Bounty Program

Hackerone user reveals critical bug in MakerDAO’s planned Multi-Collateral Dai upgrade that could have resulted in a complete loss of funds for all Dai users. MakerDAO, the decentralized organization that runs on Ethereum, has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users. $50,000 bounty On Oct. 1 HackerOne user lucash-dev disclosed a report that revealed a critical bug in MakerDAO’s planned Multi-Collateral Dai (MCD) upgrade. The bug could have allowed an attacker to steal all of the […]

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Vanguard Group Tests Blockchain Platform for Trading Currencies

Investor giant Vanguard is testing a blockchain-powered platform that allows asset managers to trade currencies while avoiding the big investment banks. The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks. On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG. A source […]

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Andreessen Horowitz Opens School Focused on Crypto Startups

Venture capital firm Andreessen Horowitz is opening a school specializing in startups aiming to develop cryptocurrency-related projects. Venture capital firm Andreessen Horowitz (a16z) is opening a school specializing in startups aiming to develop cryptocurrency-related projects. Andreessen Horowitz unveiled its Crypto Startup School in an announcement on Oct. 3, saying that it intends to “encourage more tech entrepreneurs to start crypto projects and help crypto-curious builders navigate the idea maze.” Referring to the so-termed idea maze, the company addressed the importance of good ideas for startups industry, which […]

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Bug Bounties in Crypto — the Best Way to Ensure Platform Safety?

Hacker bounties: Who are the biggest spenders, why companies need them, and are they really needed? Crypto companies often find out the hard way that hackers know their security systems better than they do. As hacks in the crypto world can and often do result in hundreds of millions of dollars worth of tokens being stolen, the fate of a company’s future can often ride on its security measures. In an effort to batten down the hatches, companies offer bug bounties.  These bounties are essentially competitions in […]

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Global Law Enforcement Has Auctioned Massive Amounts of Bitcoin

Last month, the U.K. police auctioned off roughly $300,000 worth of cryptocurrencies after they were confiscated by the country’s Eastern Region Special Operations Unit (ERSOU). Since 2014, law enforcement agencies worldwide have been auctioning large sums of bitcoin seized during investigations. For some reason, governments don’t want the digital assets used in crimes and entities like the U.S. Marshals have auctioned thousands of bitcoins. In contrast to the governments looking to unload confiscated digital assets, there have been many types of investors interested in bidding for seized […]

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Bitcoin Price Trapped Below $8,500 as Bears Call for a Drop to $6K

Bitcoin price needs to break out of the $8,200 to $8,500 range or bears could step in to push the price down to $6,500 and below. Around this time last week, the situation was looking increasingly dire for Bitcoin (BTC) and murmurs of a drop to $6,000 and even $3,000 began to circulate amongst traders. Even today there are still those that consider this a real possibility and perhaps it is. For the moment, Bitcoin appears to have stabilized and traders are hopeful that a strong move […]

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Canadian Mining Firm Is First Bitcoin Company to Hit Toronto Stock Exchange

North America’s largest bitcoin mining firm will soon trade publicly on Canada’s premier stock exchange. On October 9, 2019, Hut 8 will officially begin trading on the Toronto Stock Exchange (TSX). Before graduating to the largest stock exchange in Canada, Hut 8 was listed on the Canadian Venture Exchange, a smaller public exchange for emerging businesses which operates under the same umbrella as the TSX. “The TSX is the fourth-largest exchange in North America and one of the largest in the world. Being listed on the TSX […]

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OKEx to Found Crypto Exchange Compliance Self-Regulated Organization

A crypto exchange self-regulated organization is being created by crypto exchange OKEx in collaboration with other market participants. Cryptocurrency exchange OKEx announced in a press release shared with Cointelegraph on Oct. 3 the creation of a Self-Regulated Organization (SRO) aiming to standardize crypto exchange compliance practices and policies. A global self-regulatory crypto exchange body Per the release, OKEx is already engaging with other exchange and market participants to form their planned SRO. The organization in question is meant to be similar to the World Federation of Stock […]

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Binance Integrates Coinfirm’s AML Platform to Comply With FATF Rules

Major cryptocurrency exchange Binance has partnered with crypto analytics startup Coinfirm to improve its anti-money laundering compliance. Major cryptocurrency exchange Binance has partnered with crypto analytics startup Coinfirm to improve its anti-money laundering (AML) compliance. New platform for FATF compliance The integration of Coinfirm’s blockchain-agnostic AML Platform will purportedly streamline Binance’s compliance with the AML rules issued by the Financial Action Task Force (FATF), according to a press release published on Oct. 3. The new measures set up by the FATF require that cryptocurrency operators establish the […]

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