June 7, 2019

Former customer services officer fined after unlawfully accessing personal data

June 7, 2019 boss

A former customer services officer at Stockport Homes Limited (SHL) has been found guilty of unlawfully accessing personal data without a legitimate reason to do so. Wendy Masterson spent time looking at anti social behaviour cases on SHLs case management system when she wasn’t authorised to do so. She accessed the system a total of 67 times between January and December 2017. The offences came to light following an audit of Masterson’s access to SHL’s case management system, after concerns were raised regarding her performance, which resulted in Masterson’s suspension…

3 Mega Bullish Triggers That Can Set the Cryptocurrency Market on Fire

June 7, 2019 boss

By CCN: In investing, there’s a saying that goes, “a rising tide lifts all boats.” This adage rings true even in the cryptocurrency world because when one token becomes bullish, it is likely that other altcoins turn bullish as well. The bullish sentiment tends to get more infectious as more people hop on the bandwagon. In addition to that, profits tend to move from one cryptocurrency to the next. We’ve seen this happen early this year with the smart money pumping the large caps first, then the mid caps, and the…

Corona, Budweiser Owner’s Investment Arm Backs Blockchain ID Startup

June 7, 2019 boss

United States-based blockchain identity startup BanQu announced that it closed an extension of its series A funding round led by multinational drinks and brewing company Anheuser-Busch InBev’s investment arm. The development was announced in a post on June 6. Per the announcement, the undisclosed amount of funds have been raised by ZX Venture to allow BanQu to continue the development of its supply chain transparency and traceability, and continue its geographic expansion. Crunchbase estimates the annual revenue of the funding company — which owns the Budweiser, Corona, Leffe and Becks…

Multi-Billion Crypto Manager Sees Next Halving Trigger Bitcoin Price Boom

June 7, 2019 boss

By CCN: In the past six months, the bitcoin price has increased from around $4,000 to $8,000, recording a staggering 115 percent year-to-date gain against the U.S. dollar. The bitcoin price is up 115 percent year-to-date against the U.S. dollar (source: coinmarketcap.com) Historically, the bitcoin price has tended to recover a year before and after the block reward halving, a mechanism that decreases the rate in which new bitcoin is produced by miners by half. Grayscale, an investment firm that oversees more than $2 billion in assets under management in…

Russia’s Largest Bank Confirms It Will Not Develop Crypto-Related Services

June 7, 2019 boss

The CEO of state-owned Russian bank Sberbank has officially confirmed the institution’s decision to not develop crypto-related services, local financial publication Banki.ru reports on June 7. Herman Gref, Sberbank CEO and a former minister of economics and trade of Russia, claimed that the bank has never had any ambitious plans in the crypto space. Instead, the bank will now focus on blockchain applications for its services. Gref reportedly made his comments in an interview with local free-to-air TV channel NTV at the Saint Petersburg International Economic Forum. Gref stated that…

Thailand’s Largest Commercial Bank Retracts Tweet Indicating Plans to Use Ripple’s XRP

June 7, 2019 boss

Siam Commercial Bank (SCB), Thailand’s largest commercial bank, has denied it plans to start using Ripple’s XRP token, contrary to earlier indications. The bank’s denial was communicated in a tweet published on June 7. The bank’s denial was prompted by an earlier post on social media dated June 5, when the bank’s official Twitter handle had responded to a user’s question regarding XRP and revealed ostensible plans to announce details of an unspecified “XRP system […] soon.” With the June 5 tweet having since been deleted, SCB today has firmly…

This Crypto Startup Hacks Its Own Users’ Wallets to Rescue $13 Million

June 7, 2019 boss

By CCN: Better the thief you know than the one you don’t. Cryptocurrency platform Komodo has had to hack its users after discovering a serious security flaw in one of its wallets. According to a press statement by the blockchain startup, Komodo’s cybersecurity team was able to ‘sweep’ in and retrieve 8 million Komodo coins (KMD) and 96 Bitcoin before hackers got hold of the exposed loot. An estimated $13 million worth of cryptocurrency was saved in the process. A video on YouTube reveals how bad actors could have potentially…

This Crypto Startup Hacks Its Own Users’ Wallets to Rescue $13 Million

June 7, 2019 boss

Facebook Sources Say That Stablecoin White Paper Will Come on June 18

June 7, 2019 boss

Multiple sources are expecting Facebook to launch its stablecoin on June 18, IT and fintech magazine TechCrunch reported on June 6. Citing people familiar with the plans, the publication added strength to existing suggestions from both within and outside the company that its secretive cryptocurrency project would appear this month. Previously, rumors had suggested it would be 2020 before Facebook made a commitment to bring its product, which should focus on remittances, to market. “It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics,”…

ConsenSys Co-Founder Joins a $100M Crypto Fund, Goes Long on Ethereum

June 7, 2019 boss

Photo: DARMA Capital / Medium Yesterday, Andrew Keys announced that he is moving from ConsenSys to DARMA capital as the newest managing partner. He joins James Slazas, the former head of capital markets at ConsenSys. At the same time, he stays at ConsenSys at the advisory board. DARMA (Digital Asset Risk Management Advisors) capital is a CFTC-regulated firm with approximately $100 million in assets under their management. These are the funds of the high-net-worth accredited investors which are meant for the Ethereum “Optimized Long fund”. However, this Ethereum long position…