Day: March 4, 2020

Samsung Partners With Israeli Fintech on Blockchain Solution for Merchants

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Samsung SDS, the South Korean tech giant’s IT services subsidiary, has just announced a partnership with Israel-based fintech and smart payments provider Credorex. According to a report from The Korea Herald, March 4, the two companies will collaborate to develop a payment platform for European merchants and banks. Samsung SDS pushes into European markets One part of the proposed solution will be developed using Samsung SDS’ Nexledger Universal blockchain platform and will allow merchants to automatically reconcile payments, remittances and invoices with their bank records. This will integrate into a…

International airline fined £500,000 for failing to secure its customers’ personal data

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The Information Commissioner’s Office (ICO) has fined Cathay Pacific Airways Limited £500,000 for failing to protect the security of its customers’ personal data. Between October 2014 and May 2018 Cathay Pacific’s computer systems lacked appropriate security measures which led to customers’ personal details being exposed, 111,578 of whom were from the UK, and approximately 9.4 million more worldwide. The airline’s failure to secure its systems resulted in the unauthorised access to their passengers’ personal details including: names, passport and identity details, dates of birth, postal and email addresses, phone numbers…

Don’t Be Fooled by This Xbox Series X Gameplay Rumor

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A new Xbox Series X rumor has suggested that Microsoft will be attending the AMD Financial Day to reveal the first gameplay from the console. The rumor also said that Forza series developer Turn 10 would be sharing gameplay from an “unnamed racing game”. The leak seems to have fooled many Xbox fans but it likely doesn’t hold any water. On the Xbox Series X Reddit, a post about the console’s gameplay reveal seems to be getting some popularity. The post claimed that Microsoft would be attending AMD Financial Day…

Coronavirus and Crypto in China

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Coronavirus has been dominating the news cycle last couple of months, as it continues to spread across the globe.   Cointelegraph has taken a closer look at how coronavirus is affecting the crypto industry in China, interviewing various professionals who work in this space in the country. The consensus is that, although the crypto industry is not immune to the effects of the virus and the panic it elicits, the impact is mitigated by the fact that much of the work in this space does not require a lot of face-to-face…

Huobi Withdraws Steem Votes, Admits to Mobilizing Customer Funds

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Four former witnesses have been voted back onto the council of 20 nodes that underpin the Steem blockchain. Their reinstitution follows the withdrawal of votes from major exchanges Binance and Huobi in support of what has been described in an attempted takeover of the network. In a statement issued by Huobi on March 3, the exchange admitted that it had mobilized its customers’ STEEM holdings to vote in favor of ousting the blockchain’s previous validators in favor of Tron founder and recent purchaser of Steemit Inc, Justin Sun: “From time…

Come On Sony, Just Reveal the PS5 Already

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It has been months since the reveal of the Xbox Series X, yet Sony hasn’t revealed anything about the PS5 as of yet. Without any details on the console, fans have been filling in the gaps themselves. Sony should probably just reveal the machine already, or at least give us some vague details. Everyone is just sort of tired of Sony at this point. While Xbox has revealed plenty about the Series X, the PS5 is still a mystery. Argue all you want about ‘which console will win’, but right…

Chainlink (LINK) Nears $5 All-Time High Unfazed by Bitcoin Price Slump

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Chainlink’s (LINK) 27.48% gain over the past four days shows that the altcoin continues to function as an outlier when compared against the recent performance of other cryptocurrencies. This strong recovery from the swing low at $3.30 to $4.79 has LINK now approaching its previous all-time high at $4.86.  Crypto market 1-week price chart. Source: Coin360 Unlike Bitcoin (BTC), LINK trading volume has shown that traders are excitedly buying each dip and the candlesticks of the past 3 days clearly show that a strong reversal has occurred.  In the daily…

India’s Supreme Court Lifts Banking Ban on Crypto Exchanges

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The Supreme Court of India has ruled against a decision imposed by the country’s central bank nearly two years ago that curbed crypto trading in Asia’s third-largest economy. According to a report from Bloomberg, a three-judge bench of the court ruled on Wednesday in favor of petitions by crypto exchanges and startups that opposed the decision made by the Reserve Bank of India in April 2018, which banned domestic financial institutions from providing banking services to crypto exchanges. The central bank’s decision at the time forced crypto exchanges in the…

Large-Scale Crypto Derivatives Trading may be in India’s Future

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India has had a complicated relationship with crypto. While the nation holds a large number of crypto enthusiasts, many exchanges are concerned over the future of the industry.  According to sources available to Cointelegraph, the Indian exchange Unocoin is planning to launch derivatives options on its platform within a few months. However, with the future of crypto in the country still uncertain, Unocoin co-founder Sathvik Vishwanath commented that the restrictions currently in place were making matters difficult: “…while we believe it is pretty much the time to launch a derivatives…

India Supreme Court Lifts RBI Ban on Banks Servicing Crypto Firms

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The Supreme Court of India has struck down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms.  The court’s bench of Justices Rohinton Nariman, S Ravindra Bhat, and V Ramasubramanian, delivered the judgment earlier today, March 4, litigation news site Live Law reported. Landmark ruling India’s central bank, RBI, had imposed a blanket ban on banks’ dealings with crypto businesses back in April 2018, which came into effect in July of that year. Following both public and industry-led petitions, a case combining challenges against the…