Day: December 5, 2018

Binance Coin (BNB) Grows 8% after DEX Demo Video Release

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Binance Coin on Wednesday surged as high as 8.5 percent against the US Dollar after the company released a demo video of its decentralized exchange. The BNB/USD is now trading at 6.33-fiat, down 1.89% from its intraday high at 6.45-fiat. The pair is moving inside a rising wedge channel, a price wave reversal pattern. As it heads to a completion – signified by depleting volume and price bouncing inside the wedge range – BNB/USD is likely to break out of the said channel to the downside. Considering a short trade…

U.S. Air Force Grad School Issues ‘Blockchain for Supply Chain’ Primer

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The graduate school for the U.S. Air Force has developed a educational tool on blockchain for supply chain management, U.S. business journal Modern Materials Handling (MMH) reported Dec. 3. The move comes in the form of a live application, together with a set of tutorial videos to educate defense professionals, released by the U.S. Air Force Institute of Technology (AFIT). The report proposes that “blockchain will revolutionize […] the digital infrastructure for future supply chains,” which it suggests, in particular, can translate into “better visibility” for the military’s “extremely complex…

Hong Kong Blockchain Startup Hires China’s Bitcoin Evangelist After He “Quits”

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Although China has continued to relentlessly clamp down certain subsets of the crypto industry, the nation’s blockchain scene continues to swell at an unbridled pace, backed by hotshot entrepreneurs, billions in Renminbi (China’s currency), and world-renowned incubators and venture capital consortiums. Most recently, a notable Chinese blockchain startup hired a legendary Bitcoin investor, accentuating that this industry is far from dead in the water. Grandshores Hires Li Xiaoli, China’s “Bitcoin Evangelist” On Monday, Grandshores Technology Group, a blockchain investment group, has divulged that it had formally brought on Li Xiaolai,…

Bitcoin Car Talk Returns, Crashes, Burns, Carries on… as Usual

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Bitcoin Car Talk Returns, Crashes, Burns, Carries on… as Usual December 5, 2018 by Jon Southurst COMEDY: Bitcoin Car Talk is back! The new season promises to contain all the insightful interviews, spectacular wrecks, guffaws, and befuddled participants its fans have come to expect. In this latest episode you’ll see host Mikeinspace demonstrate his detailed knowledge of Disney movies, crack a joke about Rubik’s Cubes that people in the 80s could never have understood, and… well, you’ll have to watch it. Also see: How Thailand Is Staying Ahead by Regulating ICOs…

Former headteacher prosecuted for unlawfully obtaining school children’s personal information

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A former headteacher has been fined in court for unlawfully obtaining school children’s personal data from previous schools where he worked. Darren Harrison of Twickenham, obtained the information from two primary schools were he had worked, and uploaded it to his then current school’s server. As he had no lawful reason to process the personal data, he was in breach of data protection legislation. Six months into his role as Deputy Head at Isleworth Town Primary School, Harrison was suspended. A subsequent IT audit showed large volumes of sensitive personal…

Bitcoin Faces Biggest Yearly Price Loss on Record

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Bitcoin’s (BTC) recent drop to 14-month lows has left the cryptocurrency on track for its biggest yearly price drop on record. The cryptocurrency was changing hands at $6,300 three weeks ago, representing a 54 percent year-to-date drop, according to CoinDesk’s Bitcoin Price Index (BPI). The dominant market narrative back then was that BTC would trim losses in the last few weeks of 2018, having bottomed out around $6,000 in five months to October. BTC, however, nosedived below the crucial 21-month exponential moving average (EMA) support on Nov. 14, signaling a…

Poloniex Joins Fight for Institutional Investor Market With Dedicated Accounts

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U.S. cryptocurrency exchange Poloniex has launched a dedicated offering for institutional traders, the company announced in a blog post Dec. 4. Poloniex, which merged with financial services company Circle in February this year, currently ranks 47th in the world among crypto exchanges by trade volume. The exchange joins an increasing array of operators looking to service the institutional market, a segment of cryptocurrency traders commentators have tipped to become a major force behind shoring up asset prices next year. “Institutions large and small can enjoy the benefits of our large…

Vertcoin Hit by 51% Attack, Allegedly Lost $100,000 in Double Spending

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A bitcoin-replica launched with an aim to discourage miners from forming pools and gain a monopoly over its network has been compromised. Mark Nesbitt, a security expert, revealed that the blockchain of Vertcoin, a peer-to-peer PoW cryptocurrency, is under a 51% attack. The Coinbase engineer found that some anonymous cybercriminals rented a large amount of ASIC hash rate to attack the four-year-old cryptocurrency network.  They eventually got hold of more than 50% of the mining hash rate which allowed them to own and govern the Vertcoin public chain literally. The integrity of…

International Privacy Forum | ICO

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I’m a long way from my own front door! Or at least my front door in my adopted country! But I must say in some ways I feel right at home. My links with APPA are wide and deep. When I was Privacy Commissioner for British Columbia I held the secretariat for APPA and I have fond memories of hosting APPA meetings in Vancouver. I am a frequent flier. Once a month, I travel to Brussels to sit on the European Data Protection Board with regulators from 27 other EU…

Asia Pacific Privacy Authorities (APPA) Forum

boss

I’m a long way from my own front door! Or at least my front door in my adopted country! But I must say in some ways I feel right at home. My links with APPA are wide and deep. When I was Privacy Commissioner for British Columbia I held the secretariat for APPA and I have fond memories of hosting APPA meetings in Vancouver. I am a frequent flier. Once a month, I travel to Brussels to sit on the European Data Protection Board with regulators from 27 other EU…