A teenage security researcher has caused a wild wave of sensation after successfully rooting the allegedly “unhackable” BitFi crypto-wallet. The 15-year-old bedroom hacker was able to install classic Doom on what tech-evangelist and paid promoter John McAfee touted as “unbreakable”. The cryptocurrency wallet was worth $250,000 after BitFi turned it into a bounty program. However, […]
Cryptocurrencies
Hong Kong Investment Company Targeting Institutional Investors With Launch Of Custody Services
Fusang Investment Office in Hong Kong has announced plans to launch cryptocurrency custody services. The company says it will start offering the services in the fourth quarter of 2018. Increase in demand for custodial services There has been a high demand for cryptocurrencies. This has in turn led to a rise in demand for other related […]
Luis Maria Linde Attributes The Use Of Cryptocurrencies To More Risks Than The Associated Benefits
Luis Maria Linde, the head of the Bank of Spain, while attending a business conference that was held on Wednesday in Madrid outlined that the use of crypto-currencies created more risks than benefits. Latest developments He spoke in relation to the emergency of the new technologies in the financial and banking sectors as he send out […]
Circle Internet Financial, Inc Mobilizes Funds Worth $110 Million
Circle Internet Financial Limited, a subsidiary of Circle Internet Financial, Inc, has raised funds worth $110 million. Both Bitmain and Circle Internet Financial Limited (CIFL) have partnered in a project to develop a token, which is supported by the US dollars. The valuation of CIFL has increased to $3 billion in the latest investment initiative. […]
Ripple Might Be Affected By Another Class Action Suit
Ripple Labs has in numerous instances painted XRP as an ideal investment. Time and again it has relayed optimistic price predictions about it. And it was in its latest statement that called upon all the interested investors to move ahead and make investments. It insisted that they had to begin by contacting Johson Fistel, LLP […]
Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular
The State Bank of Pakistan (SBP) has issued a circular prohibiting all dealings in virtual currencies. This move comes just after the central bank of India took a similar move. Payment providers and commercial banks have been told to avoid any dealings in cryptocurrencies. They are not allows to process any transactions of tokens or […]
Several Universities In China Are In Pursuit Of Blockchain Patents
A number of the top-tier public universities have revealed their plans to move ahead and ramp up efforts to patent blockchain applications developed on campus. According to data published on Feb. 16 it was clear that institutions such as Chinese Academy of Sciences, Shenzhen University and Zhejiang University sought to get patents associated with the […]
Finland Government Releases New Guidelines On Handling Of Cryptocurrencies Prohibiting Authorities From Placing Funds On Exchanges
Finland government recently released a new set of guidelines on how law enforcement officials should handle the confiscated cryptocurrencies. According to these new guidelines, the official agencies that control the cryptocurrency storage will not be able to place the funds on exchanges and will have to instead keep them inaccessible from the internet, offline. Thus, […]
CME Reveals That It Is Considering Modifying Blockchain’s Rules
New patent filings indicate that the CME Group may be undertaking the exploration of the various ways in which different developers could proceed and modify the blockchain’s rules without having to bother about the consensus from the various network’s nodes. A person familiar with the matter opined, “It’s a key need for such systems and […]
CFTC And SEC Speak Our Regarding Virtual Currencies During A Senate Hearing
CFTC and SEC have moved ahead to have expressed their respective standpoints in line with the senate hearing on virtual currencies. CFTC Chairman J. Christopher Giancarlo and SEC Chairman Jay Clayton are said to have forwarded their testimonies via writing. Anyone that has the opportunity to go through the testimonies will attest to the fact […]
