Day: September 12, 2019

Pundi X Sets to Launch BOB: Fully Blockchain-Powered Phone

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Pundi X, an open platform for blockchain developers, has announced the launch if its fully blockchain-powered smartphone. Launching at the IFA 2019 conference in Berlin, the blockchain phone will be called BOB (Blok on Blok). The phone will be using the framework of the company’s Function X blockchain ecosystem to execute data. It will aim to improve the existing architectures of blockchain and the internet. The phone will work by totally decentralizing the service provider’s features and services. This means that the service providers will not have any of the…

Privacy attacks on AI models

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Reuben Binns, our Research Fellow in Artificial Intelligence (AI), and Andrew Paterson, Principal Technology Adviser, discuss new security risks associated with AI, whereby the personal data of the people who the system was trained on might be revealed by the system itself. This post is part of our ongoing Call for Input on developing the ICO framework for auditing AI. We encourage you to share your views by leaving a comment below or by emailing us at AIAuditingFramework@ico.org.uk. In addition to exacerbating known data security risks, as we have discussed…

‘Bitcoin Is Digital Gold’ Narrative Still Unproven, Warns Expert Trader

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For many, trading cryptocurrency can be a challenge, but the process is made easier if one relies on a combination of technical analysis tools and oscillators to provide insight on which path digital assets like Bitcoin (BTC) might take.  Typically, one sees traders employ the relative strength index (RSI), moving average divergence convergence (MACD), Stochastic RSI (Stoch) and a mixture of exponential moving averages (EMAs), Bollinger Bands, volume measurements and so on. This is good and well, and utilizing these tools often provides great results for traders.  The difficulty of…

France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales

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French economy minister Bruno Le Maire said on Sept. 12 that French authorities won’t tax crypto-to-crypto trades, but will tax when cryptocurrencies are sold for fiat currency. Bloomberg Tax reported on Le Maire’s declarations on Sept. 12. Per the report he noted: “We believe that the moment the gains are converted into traditional money is the right time to assess tax.” Easier transaction tracking The author of the report also explains that such an approach to taxing cryptocurrency trading would help with tracking transactions, which he believes to be a…

Blockchain Startup Blockstack Raises a Whopping $23 Million In SEC-Qualified Reg A+ Token Offering

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More than 4,500 individuals and entities participated and ponied up more than USD$23  million in the first US Securities and Exchange Commission (SEC) qualified and regulated Regulation A+ token offering issued by Blockstack PBC (including both their SEC-qualified token offering and investors outside the United States made under Regulation S). advertisement Major investors include Union Square Ventures, Lux Capital, Recruit Holdings, Arrington XRP Capital, Hashkey Group, Fenbushi Capital, Frontier Ventures, Spartan Group, and various other funds. Blockstack PBC, a public benefit corporation at the heart of the Blockstack ecosystem, is…

VanEck’s Limited Bitcoin ETF Loses Steam, Manages to Issue Only 4 Bitcoins

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After months of regulatory scrutiny, VanEck-SolidX launched a limited version of its Bitcoin ETF last week. Not having the SEC approval to launch a full-fledged Bitcoin ETF, VanEck planned the limited ETF launch to prove that there’s actually some demand for this investment product in the market. However, it looks like VanEck hasn’t succeeded enough to make an impact in the market. Popular crypto analyst and commentator Alex Krüger recently released some data showing that the VanEck Limited ETF has just issued 4 BTC tokens. The data shows that the…

VanEck’s Limited Bitcoin ETF Loses Steam, Manages to Issue Only 4 Bitcoins

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The VanEck’s Limited Bitcoin ETF has proved unimpressive so far with only 4 BTC tokens issued. Some crypto experts have also slammed VanEck for its marketing gimmick saying the product is nowhere close to real ETF. After months of regulatory scrutiny, VanEck-SolidX launched a limited version of its Bitcoin ETF last week. Not having the SEC approval to launch a full-fledged Bitcoin ETF, VanEck planned the limited ETF launch to prove that there’s actually some demand for this investment product in the market. However, it looks like VanEck hasn’t succeeded…

Warner Music to Build Token on New Blockchain by CryptoKitties Creator

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Global media giant Warner Music Group will be creating digital assets using new public blockchain backed by CryptoKitties creator. Warner Music’s to create assets on Flow According to a Forbes report on Sept. 12, Warner Music has joined an $11.2 million investment in CryptoKitties creator Dapper Labs in order to collaborate on the deployment of the company’s new blockchain network called Flow as well as building tokens on top of it. While Warner has reportedly invested less than $1 million in the form of a convertible security, other contributors included…

Huobi Plans Backdoor IPO Attempt in Hong Kong, Document Suggests

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Cryptocurrency exchange Huobi appears to be inching towards a reverse initial public offering (IPO), according to a document posted with Hong Kong Stock Exchange (HKEX). In the filing, dated Sept. 10, Hong Kong-listed electronics manufacturer Pantronics Holdings Limited, acquired by Huobi last August, disclosed it will change its name to Huobi Technology Holdings Limited. The company transferred more than 221 million ordinary shares to Huobi Group at its acquisition, according to shareholding disclosures. The $77 million deal made the cryptocurrency exchange the majority shareholder in Pantronics, with an over 73 percent…

Alfa-Bank Launches Bank-as-a-Service Platform on Waves Blockchain

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Alfa-Bank and X5 Retail Group partnered to launch a blockchain liquidity management service in Russia. According to a press release published by the bank on Sept. 12, the service — dubbed Distributed Treasury and Cash Management (DTCM) — enables Alfa-Bank’s corporate clients to manage their payments, loan and deposit products, as well as liquidity pool inside the holding. A bank created for the user The service is described as a “bridge to the Bank-as-a-Service (BaaS) model for corporations.” Director of the Alfa-Bank Center for Innovations Research and Development Denis Dodon…