Category Archives: Crypto News

Trading Platform eToro Unveils Blockchain Solution to Tackle Economic Disparity

Global trading platform eToro reveals its plans to launch its own cryptocurrency, GoodDollar, to provide economic tools for the unbanked. Trading platform eToro has recently unveiled blockchain-driven social project GoodDollar to tackle global wealth inequality, according to a press release obtained by Cointelegraph Wednesday, Nov. 7. GoodDollar had been presented at Web Summit held this week in Lisbon, Portugal. According to the release, eToro has invested $1 million of its funds to the project and is seeking for more partners to join the initiative. The project’s main […]

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Crypto Exchange Gate.io Removes StatCounter Service Following Report of Security Breach

Crypto exchange Gate.io has removed the StatCounter service following an ESET security breach report saying “users’ funds are safe.” Crypto exchange Gate.io has removed web analytics tool StatCounter from their website following a breach report by cybersecurity firm ESET, according to an official blog post published today, Nov. 7. The company has reported that they immediately removed StatCounter’s traffic stats service after receiving a security notice by ESET about suspicious behavior. Gate.io claimed they subsequently scanned the website with 56 antivirus products, and “no one reported any […]

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ETH Zero-Proof Prototype Models: Has Ernst & Young Done What Ethereum Could Not?

Did E&Y beat Ethereum to the post with their zero-knowledge proof prototype for private transactions on public blockchains? Multinational auditing and consulting firm, Ernst & Young (EY), announced on October 30 the launch of their EY Ops Chain Public Edition (PE) prototype, the world’s first implementation of zero-knowledge proof (ZKP) technology on the public Ethereum blockchain. This system aims to overcome three main barriers of current transactions and asset transfers on a public blockchain: The ability for companies to conduct secure transactions on a public network; Lower […]

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South Korean Crypto Exchange Bithumb Lanches Payment Service with ‘Asian Amazon’ Qoo10

Leading South Korean cryptocurrency exchange Bithumb has partnered with Qoo10, an Asian e-commerce giant, to launch a joint payment service. South Korea‘s leading virtual currency exchange Bithumb has partnered with Asian e-commerce giant Qoo10 to provide a cryptocurrency payment service, according to an official announcement Nov. 7.   Qoo10, the so called “Asian Amazon,” is a leading South Korean e-commerce company in pan-Asian markets such as Singapore, Hong Kong, China, and Indonesia. The press release notes that the partnership will expand the Bithumb cash payment service as […]

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Blockchain Firm Upgrades App in Quest to Reduce Fatal Air Accidents

sponsored A blockchain platform which aims to improve flight safety upgrades its app for pilots and engages in “intensive interactions” with aviation authorities around the world. A fledgling blockchain-based company which aims to improve flight safety is gearing up to launch an upgraded version of its app for pilots – software that has been designed to replace the old-fashioned paper logbooks currently used by aviation enthusiasts and professionals. Aeron estimates that 57 percent of aviation accidents can be attributed to human factors – and poor record keeping […]

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Three Thai Siblings Accused of $24 Million Bitcoin Scam Plead ‘Not Guilty’

Three Thai siblings accused of swindling $24 million worth of Bitcoin from a Finnish investor have recently pleaded “not guilty” in a Bangkok court. Three Thai citizens who are currently being prosecuted for allegedly swindling $24 million worth of Bitcoin (BTC) have pleaded “not guilty” in the Criminal Court of Bangkok, major Thai newspaper Bangkok Post reports Wednesday, Nov. 7. During the hearings, Thai prosecutors accused the three defendants and six accomplices of defrauding 21-year-old Finnish investor Aamai Otava Saarimaa back in 2017. According to the investigation, […]

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Israel’s Central Bank ‘Not Recommended’ to Issue Own Digital Currency

A dedicated focus group says that Israel’s central bank should “continue examining the field” prior to making a firm commitment in releasing a digital currency. An Israeli study group exploring digital currency options has recommended that the country’s central bank not issue its own token, a press release confirmed Nov. 6. The interdepartmental team, set up in November 2017 by the governor of the Bank of Israel to “examine the issue of central bank digital currencies [CBDCs],” revealed its findings in a full report this week. “Central […]

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BBVA Leads Blockchain-Based Syndicated Loan of $150 Million with BNP Paribas and MUFG

Banco Bilbao Vizcaya Argentaria (BBVA) has carried out a blockchain-based syndicated loan of $150 million with BNP Paribas and MUFG. Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has carried out a blockchain-based syndicated loan of $150 million, U.K.-based global financial news agency Finextra reports Wednesday, Nov. 7. The syndicated bank transaction has been conducted on a private blockchain network through a group of three funding banks including French banking group BNP Paribas, Japan’s bank holding Mitsubishi UFJ Financial Group (MUFG), and BBVA. Acting as the […]

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Charlie Shrem ‘Committed No Misconduct’ Says Lawyer as Winklevoss Lawsuit Continues

A return filing in Charlie Shrem’s defence against alleged theft of 5,000 BTC criticizes the Winklevosses’ lawsuit as having “no basis in fact or law.”   An attorney for embattled Bitcoin Foundation founder Charlie Shrem formally hit back on Nov. 5 at accusations by Tyler and Cameron Winklevoss as part of an ongoing lawsuit concerning alleged Bitcoin (BTC) theft. In a filing addressing the Winklevosses’ claims, attorney Brian E. Klein said Shrem, who is under investigation for allegedly “stealing” 5000 bitcoins ($32 million) from the twins in […]

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Post-Trade Financial Services Giant, 15 Major Banks Test DLT Project for Credit Derivatives

The Depository Trust & Clearing Corporation (DTCC) is entering the testing phase of its re-platformed Trade Information Warehouse using DLT. Global post-trade market infrastructure giant The Depository Trust & Clearing Corporation (DTCC) is entering the testing phase of its replatformed Trade Information Warehouse (TIW) based on distributed ledger technology (DLT), according to a press release published Nov. 6. DTCC’s warehouse provides event processing services for around 98 percent of all credit derivatives transactions in the global marketplace. The infrastructure provider is now reportedly working with fifteen of […]

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