Archived Posts

Sber bank, Russia’s largest bank, has requested tenders to supply 4,917 ATMs with an in-built graphic card having the ability to support blockchain powered operations. Experts believe that such blockchain powered graphics card is can be used only for mining purposes. Sberbank, Russia’s oldest and largest bank, commands around 44% of total personal deposits in   Read more...

The Bank of Lithuania (BoL) has completed the research stage of its blockchain related venture, LBChain. In the next stage, the institution will setup a sandbox that brings together tech and regulatory framework for the technology. The platforms utilized for the study include Hyperledger Fabric and Corda, which were built by IBM Polska SP. Z.o.o   Read more...

BitGo, a US based company that manages roughly 20% of all Bitcoin (BTC) trades, has rolled out BitGo Prime, a new enterprise focused on institutional trading services. BitGo stated that the latest prime broker platform will offer numerous features aimed at institutional investors. Following the roll out of institutional level cryptocurrency lending service in March   Read more...

Since the beginning of this year, the Blue Mockingbird malware gang has affected over 1000 enterprise systems with Monero cryptocurrency mining malware. The worldwide reach of the hacker group’s operations was disclosed by cloud security company Red Canary. The document outlined the group’s strategy. The malware affects servers running ASP.NET applications and misuses a bug   Read more...

China based tech enterprise Tencent Holdings is setting aside roughly $70 billion (500 billian yuan) over the forthcoming five years for financial technology advancement, including cloud computing, blockchain and artificial intelligence (AI). The company, behind the WeChat messaging app, intends to expedite the advancement of fintech sector across the country, following the adoption of blockchain   Read more...

Samsung, South Korea’s electronics giant, has rolled out a complete ready to use security tool that safeguards cryptocurrency trades on tablets and smartphones. The tool is made up of a Secure Element (SE) chip S3FV9RR and “improved” software. It is structured to safeguard the startup procedures, secluded storage facility and mobile based remittance. The latest   Read more...

After failing to cross above $10,000 level, selling pressure on Bitcoin (BTC) increased once again, leading to a decline below $9,000. In fact, the numero uno cryptocurrency, in terms of market capitalization, declined to $8,835 today morning before recovering slightly to trade at $8,915 at the time of writing this article (reflecting a gain of   Read more...

Crypto volatility continues to hamper the main stream adoption of Bitcoin (BTC). Bitcoin’s price fluctuations make retailers hesitant of accepting it as a mode of payment in everyday life. With a view of filling the gap between conventional finance and emerging digital assets such as Bitcoin, a Swiss crypto firm called Eidoo has unveiled a   Read more...

PornVisory, a unique cryptocurrency venture, intends to award tokens to porn watch porn on its blockchain powered platform. The company’s founder Veronica Noschese argued that there is an innate synergy between pornography and cryptocurrency industry, with the former requiring privacy focused financial tools. As an illustration, Noschese cited the incident of Pornhub ban by PayPal   Read more...