Day: September 4, 2019

$14 Million Crypto Mining Trojan Hijacked Chinese Internet Cafes

boss

An illegal crypto mining operation involves hijacking multiple internet cafes, bribery and some 100 million yuan in crypto. | Source: Shutterstock Fifteen Chinese individuals have reportedly been arrested for their involvement in an illegal cryptocurrency mining operation that hijacked the bandwidth of scores of internet cafes to mine approximately 100 million yuan (nearly $14 million) in cryptocurrency. The operation involved the bribery of over 9,000 internet cafe administrators who infected their systems with a Trojan allowing the remote operation of their cafes’ computers. A Crypto Mining Trojan and the Perfect…

Israel’s Security Matters to Utilize Blockchain for Cannabis Tracking

boss

The Israeli-based company Security Matters is looking to bring cannabis and CBD products into a transparent blockchain environment. Security Matters is well known for its relevance in the supply chain sector. The blockchain-oriented company already has a platform that helps to mark and track seeds and plants from the very beginning, making it easy to identify and control the plants and resultant products. To cater to a larger population, Security Matters has filed for a patent to bring cannabis and its related products to the blocks. According to the blockchain…

PwC Luxembourg Announces Accepting Bitcoin Payments Starting October

boss

In what can be seen as a major push to crypto adoption, the Big Four auditing giant PwC Luxembourg will start offering Bitcoin payments services citing massive demand from its client. On Monday, September 2, the Big Four auditing giant PricewaterhouseCoopers (PwC) announced that its Luxembourg office will start accepting Bitcoin payments from the 1st of October 2019. In the official press release, the auditing giant said that to integrate Bitcoin payments for its services, they would collaborate with a Luxembourg-based local crypto exchange. We are stepping further into #blockchain…

Bitcoin Network Computing Power Nears 90 Quintillion Hashes per Second

boss

Bitcoin (BTC) has seen yet another sharp increase in its computing power after its network hash rate grew 25% in a week. Hash rate climbs to all-time high Data from monitoring resource Blockchain puts Bitcoin’s hash rate at 87 quintillion hashes per second (h/s) as of Sept. 3. Bitcoin network hash rate. Source: Blockchain The figure passed 80 quintillion h/s for the first time in early August, and has set new highs on an almost daily basis in recent months.  Hash rate refers to the overall computing power involved in…

Crypto Analytics Firm Elliptic Raised $23M in SBI-Led Funding Round

boss

Elliptic has completed its Series B funding round and raised $23 million. The round was led by the Japanese financial services company group SBI Holdings. The money raised will be used to expand into the Asian market. Recently, cryptocurrency compliance company Elliptic has completed its Series B funding round, where it raised $23 million. The round was led by the Japanese financial services company group SBI Holdings. Among other participants were venture firm AlbionVC and such investors as SignalFire, Octopus Ventures, and Santander Innoventures. Elliptic is a London-based blockchain company…

Founding Father of Blockchain Praises Electroneum, Compares Its Security With That of Bitcoin’s

boss

The world-renowned scientist W. Scott Stornetta compares the differences between the two security systems – Bitcoins and Electroneums. Dr. Scott Stornetta is the blockchain co-inventor quoted in the Bitcoin whitepaper written by Satoshi Nakamoto, who created the first cryptocurrency in 2009. The globally renowned scientist considers himself as the person who “has spent longer thinking about blockchain than anyone else on the planet. I have a really long-term perspective of this technology.” His Views on Electroneum Stornetta recently met with Electroneum CEO Richard Ells and during a conversation, he told…

US Cryptocurrency Lobby Counters Brutal Regulatory Fallout of Facebook Libra

boss

Ever since Facebook announced its cryptocurrency Libra, the social media giant has had to face wave after wave of backlash from regulators across the spectrum from countries all over the world. With that, Libra has essentially managed to put all cryptocurrencies in the crosshairs of these regulators. Now, lobbyists and supporters of other cryptocurrencies are actively making efforts to ensure that this crusade against Libra doesn’t hurt their favorite digital assets. Lobbyists are trying to convey the message to lawmakers and regulators that efforts to slow down or halt Libra’s…

Blockchain.com Wallet Seeking New $50M Funding Round: Report

boss

Cryptocurrency wallet and statistics resource Blockchain (formerly Blockchain.info) is reportedly raising $50 million in a new funding round. According to Yahoo! Finance citing two anonymous sources on Sept. 4, Blockchain is already negotiating the cash, which it will use to invest in equity and purchase unnamed cryptocurrency tokens.  Blockchain eyes fresh expansion The sources added that Sam Harrison, who joined the company in 2018 to co-found its Blockchain Ventures spin-off, is in charge of proceedings.  Blockchain has yet to confirm the reports, which come on the back of previous round…

A Founding Father of Blockchain Praises Electroneum, Compares Security with the of Bitcoin’s

boss

Dr. Scott Stornetta is the blockchain co-inventor quoted in the Bitcoin whitepaper written by Satoshi Nakamoto, who created the first cryptocurrency in 2009. The globally renowned scientist considers himself as the person who “has spent longer thinking about blockchain than anyone else on the planet. I have a really long-term perspective of this technology.” His Views on Electroneum Stornetta recently met with Electroneum CEO Richard Ells and during a conversation, he told him, “I understand what you’re doing with the Moderated Blockchain and your unique Proof of Responsibility protocol. “I’m…

Bitcoin Price (BTC) Surging, Dips Remains Well Supported

boss

Bitcoin price extended its rally and climbed above the $10,500 and $10,650 resistances against the US Dollar. The price is currently correcting lower after trading to a new monthly high at $10,790. There is a major bullish trend line forming with support near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs and it remains well bid near $10,500 and $10,400. Bitcoin price is gaining bullish momentum above $10,500 against the US Dollar. BTC might correct lower, but it is…