Day: March 8, 2019

UN Panel Says North Korea Obtained $670 Million in Crypto and Fiat via Hacking: Report

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North Korea has reportedly amassed $670 million in fiat and cryptocurrencies by conducting hacking attacks, Asia-focused financial newspaper Nikkei Asian Review reports on Friday, March 8. The publication cites a U.N. Security Council report. The report, prepared by a panel of experts, was presented to the Security Council’s North Korea sanctions committee ahead of its annual report. According to the documents obtained by Nikkei, the hackers attacked overseas financial institutions from 2015 to 2018 and purportedly used blockchain “to cover their tracks.” As cited by Nikkei, the report states that…

MakerDao Users Vote to Raise Stablecoin DAI’s ‘Stability Fee’ by 2%

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Users of blockchain organization MakerDao (Maker) have voted to raise the so-called stability fee for Maker’s Dai (DAI) stablecoin to 3.5 percent, according to the results of a recent poll, completed on March 7. MakerDao, a Decentralized Autonomous Organization (DAO) based on the Ethereum (ETH) blockchain, first opened voting on the matter to users on March. 4. Accordingly, the firm announced on Thursday that users had voted yes to the proposal to increase the stability fee by 2 percent — from 1.5 percent to 3.5 percent — “ until the…

Crypto Research Claims Ethereum PoS Unsustainable, Vitalik Hits Back

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For the longest time, the developers behind the Ethereum (ETH) blockchain have had their eyes set on Proof of Stake (PoS). Serenity, as core developers call the iteration of their brainchild based on staking rather than mining, is slated to come to fruition over the coming years. But, some, including those predisposed to be enamored Bitcoin’s relatively simple Proof of Work (PoW) mechanism, which harnesses deflation, difficulty adjustments, and the sheer power of computational processes, have claimed that this alternative consensus medium may post all but solid results. Related Reading:…

Smart Contract Firm Quantstamp Reveals Investment From Financial Giant Nomura

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United States smart contract security company Quantstamp has announced its expansion to Japan following an investment from local financial giant Nomura Holdings. The news was revealed in a press release from Quantstamp published on March 6. According to the announcement, the U.S. firm has received a “significant investment” from Nomura, which provides investment, financing and related services to individual, institutional and government customers. Venture company Digital Garage, which invests in successful internet startups across the world, reportedly also contributed to the round.   Information that the corporate funding round was…

Unity Unveils Patent for Blockchain-Based, Uniquely Identified In-Game Token System

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The Danish parent company of game engine developer Unity has applied for a patent related to in-game cryptocurrency tokens, documents from the United States Patent and Trademark Office revealed on March 5. Unity Technologies, whose software its CEO says is used by about half of the world’s video games, is now targeting missing links in the in-game token market. “There are currently no known ways to assign objects (both physical and virtual) to unique identifiers and allow those objects to be altered, transferred, swapped, exchanged, traded, given, and associated with…

Financial Regulator Suspends Two Crypto Exchanges in Drug Trafficking Case

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The Australian anti-money laundering watchdog has suspended the registrations of two cryptocurrency exchanges in connection with a drug trafficking case, the agency announced in a press release on Friday, March 8.   The Australian Transaction Reports and Analysis Centre (AUSTRAC) — a government financial intelligence agency that aims to prevent money laundering, tax evasion, welfare fraud and terrorism — suspended the two crypto exchanges’ operations because of their association with a suspect in an alleged organized crime syndicate. According to the joint press release from AUSTRAC and the Australian Federal…

Crypto Tokens Enjin, ICON Soar 20% but Bitcoin Remains Woefully Stable

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Throughout the past several days, Bitcoin has remained relatively stable at $3,900. The stability of BTC has led crypto tokens to record massive spikes in the range of 10 to 100 percent. Enjin Coin, for instance, the native cryptocurrency of a gaming-focused blockchain network called Enjin, surged by 100 percent at its daily peak following its partnership with Samsung. Enjin Coin Daily Chart (Source: Coinmarketcap.com) ICON, the most valuable blockchain project in South Korea, recorded a 15 percent gain within a 24-hour span. Alternative cryptocurrencies tend to perform strongly when…

Bitcoin Appreciated By Over 70,000x Over Past Decade: Can BTC Move Even Higher?

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While investors are still reeling in pain due to 2018’s downturn, Bitcoin (BTC) remains drastically higher than it was two years ago. In fact, in the past 24 months, BTC has moved from $1,200 to $3,900 — a rally of 3.25 times. These gains may sound impressive, especially considering the relatively measly 10% that the S&P 500 has historically offered stock market investors, but the cryptocurrency’s overall solid performance in the past two years is just the tip of the proverbial iceberg. Better yet, some argue that there’s a high…

VoIP provider accepts cryptocurrency payments

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Are you looking for the best VoIP service provider? Well, you will get plenty of choices because the VoIP system is now the new buzz of the IT industry. Especially, a premium choice for the people who are looking for superior phone services at very economical rates. But difficult is to find one that accepts cryptocurrency as the payment method. VoIP system is also a desirable and effective system for the current economy that is constantly on the move. It can help businesses to keep their business on the go.…

Bulls Need Progress Soon as Bitcoin Stalls at Price Hurdle

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View Bitcoin’s short-term outlook remains bullish while prices are held above $3,658 (the low of the long-tailed doji created on Feb. 27). A break above $4,000, however, could be preceded by a pullback to $3,750 if another rejection at a newfound resistance of $3,900 ends up breaching the bullish higher low of $3,826 on the hourly chart. A UTC close below $3,658 would confirm a short-term bearish reversal, although that looks unlikely. Bitcoin’s repeated failure to beat resistance at $3,900 is a slight cause of concern for the bulls. Having…