Day: October 3, 2019

Blockchain Firm Secures $5 Million From Investment Company Cosimo

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Oneiro, a blockchain solution company, secured a $5 million investment from Cosimo Ventures. Total investment of $8 million In an Oct. 3 press release, Boston-based provider of high-performance blockchain solutions Oneiro announced that it had secured a $5 million investment from Cosimo Ventures in a Series A funding round. Cosimo Ventures is an investment firm involved in sectors including blockchain, cryptocurrencies and the Internet of Things. Oneiro’s latest funding round brings the company’s total venture capital investment to $8 million. The company wrote that it plans to use those funds…

Indian Police Can’t Move Seized Crypto Due to India’s Anti-Crypto Law

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The police of Pune, a city in the western Indian state of Maharashtra, have sought a court’s directive to transfer 85 million Rupees seized from a Bitcoin (BTC) ponzi scheme last year. $1.2 million frozen  In an Oct. 3 article by the Times of India, Pune cyber police explained that the value of 244 cryptocurrency units (worth $1.2 million) was blocked in the bank account of company Discidium Internet, which was hired by the police to convert the seized crypto units into rupees. The cyber police’s senior inspector Jairam Paygude…

ESET Flags New Latin American Banking Trojan That Targets Crypto

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Major Slovakia-based antivirus software provider ESET has discovered a banking trojan that can steal cryptocurrencies and is especially widespread in Latin America. Primary targets Known as “Casbaneiro” or “Metamorfo,” the newly found malware family targets banks and cryptocurrency services located in Brazil and Mexico, ESET’s editorial arm WeLiveSecurity reports Oct. 3. According to the report, Casbaneiro uses a social engineering execution method, which displays fake pop-up windows misleading potential victims to enter sensitive information. The capabilities of the malware are typical of Latin American banking trojans that can take screenshots…

US Police Devices Firm Explores Blockchain to Fight Deepfake Videos

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Leading technology manufacturer for United States law enforcement Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its body cameras. Verifying police footage The impetus behind Axon’s interest in emerging technologies is public and government concerns about “deepfake” videos, Reuters reported on Oct. 3. Deepfake videos are produced using a particular type of artificial intelligence (AI) making them look and sound like the real thing.  This technology causes a great apprehension that bad actors can easily manipulate videos to discredit an individual. This is obviously of major…

Libra Labeled a ‘Monetary Threat’ By Senior US Bank Executives

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Libra, the underfire planned cryptocurrency from Facebook (NASDAQ:FB), has been described as a monetary threat by senior US bank executives in a meeting with the Federal Reserve.  Senior Bank Execs Opposed to Libra Libra has been heavily scrutinized by regulatory bodies and financial institutions across the globe since it was first announced back in June and has been dealt a further blow following a meeting of the Federal Advisory Council this month. Members of the council include M&T Bank CEO Rene Jones, KeyCorp’s Beth Mooney, and Brian Moynihan, CEO of Bank…

Libra Labeled a ‘Monetary Threat’ By Senior US Bank Executives

boss

Libra, the underfire planned cryptocurrency from Facebook (NASDAQ:FB), has been described as a monetary threat by senior US bank executives in a meeting with the Federal Reserve.  Senior Bank Execs Opposed to Libra Libra has been heavily scrutinized by regulatory bodies and financial institutions across the globe since it was first announced back in June and has been dealt a further blow following a meeting of the Federal Advisory Council this month. Members of the council include M&T Bank CEO Rene Jones, KeyCorp’s Beth Mooney, and Brian Moynihan, CEO of Bank…

Hackerone User Reveals Critical Bug Through MakerDAO Bounty Program

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MakerDAO, the decentralized organization that runs on Ethereum, has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users. $50,000 bounty On Oct. 1 HackerOne user lucash-dev disclosed a report that revealed a critical bug in MakerDAO’s planned Multi-Collateral Dai (MCD) upgrade. The bug could have allowed an attacker to steal all of the collateral stored in the MCD system – possibly within a single transaction, Lucash-dev said. The bug was caught during the testing phase of the MCD upgrade and before…

Vanguard Group Tests Blockchain Platform for Trading Currencies

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The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks. On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG. A source familiar with the matter said that the newly tested blockchain platform has been operational for over two months while handling several trades already.  By…

Morpheus.Network Adds Binance BNB Payment Option to its Supply Chain Management Platform

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Morpheus.Network, the leading blockchain-based supply chain management platform has joined forces with another global cryptocurrency heavyweight to further simplify the entire process of cross-border shipments across the globe. The latest integration comes in the form of support for Binance Token (BNB) to make payments over the platform. According to a recent post on Morpheus.Network’s official blog channel, the company states that the support for Binance will make it possible for the users to pay with BNB tokens, whereas the recipient can choose a different cryptocurrency for settlement. A Journey Through…

Global Law Enforcement Has Auctioned Massive Amounts of Bitcoin

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Last month, the U.K. police auctioned off roughly $300,000 worth of cryptocurrencies after they were confiscated by the country’s Eastern Region Special Operations Unit (ERSOU). Since 2014, law enforcement agencies worldwide have been auctioning large sums of bitcoin seized during investigations. For some reason, governments don’t want the digital assets used in crimes and entities like the U.S. Marshals have auctioned thousands of bitcoins. In contrast to the governments looking to unload confiscated digital assets, there have been many types of investors interested in bidding for seized coins. Also read:…