Day: March 6, 2020

Verizon Boosts Security Portfolio With Blockchain Technology

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Verizon Business has announced the inclusion of new security services, including two new administration and identity access systems using blockchain-based technology. These are Verizon Identity (VID) and Verizon Machine State Integrity, which are modeled within a Blockchain environment, according to the US technology firm on March 5th.  In the case of VID, identity information is encrypted and subsequently distributed through multiple servers in the blockchain, so there would not be a centralized base that can be attacked by cybercriminals.  According to the company, Verizon ID will allow users to store…

Binance.​US Enables USDC Deposits | Cointelegraph

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Global cryptocurrency exchange Binance has listed USDC for deposits on its United States Branch, Binance.US. The new listing took effect on Wednesday, March 4th, at 9:00 PM EST, allowing users easily convert to BUSD, according to a statement made on their official website. BUSD allowed for trading or holding With such a measure, Binance.US will allow its users to start trading or holding BUSD. The conversion feature can be found under “Buy Crypto” on the homepage, the company said. The exchange makes it clear that the BTC / BUSD, BUSD…

Bitcoin Cash Community Supports Greater Privacy by Donating Over 100 BCH to Cashfusion Fundraiser

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The Bitcoin Cash community is showing its support for greater privacy by putting its money where its mouth is and donating to Cashfusion. The recently launched fundraiser has already raised more than 100 BCH and achieved over 70% of its goal. Once the total hits $50,000, Bitcoin.com will double it to $100,000. Also Read: Raising $100K for Cashfusion’s Security Audit, Bitcoin.com Matches Donations to Improve BCH Privacy Over 100 BCH in Donations to Help Cashfusion Bring Greater Privacy to Users Cashfusion is an extension of the Cashshuffle coin mixing protocol…

Ledger Wallet Warns of Fake Google Chrome Extension Stealing Crypto

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Major cryptocurrency hardware wallet supplier Ledger has warned its users about another phishing attack trying to steal their crypto — this one using a Google Chrome extension. In a March 5 tweet, the French crypto company specified that there is a fake extension on Google Chrome browser that attempts to steal users’ crypto by asking them to enter their 24-word recovery phrase to access their wallet. Ledger Live gets removed from the Chrome Web Store The phishing attack was reported by Catalin Cimpanu, a cybersecurity reporter at business technology news…

‘Altcoin Season May Come Soon:’ Binance Research Report

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Binance’s research department suggests that a so-called alt season may be approaching the cryptocurrency market. Reduced Bitcoin trading Binance Research, the market research arm of major cryptocurrency exchange Binance, released a report on Mar. 6 suggesting that the altcoin market will see renewed activity. Bitcoin trading volume dominance decreased from 40% to 27% in February, which the researchers recognize as one of the sharpest month-over-month changes. The researchers suggest: “If this trend were to continue, it would signify a greater appetite for altcoins from market participants.” Ethereum sees renewed interest…

German Financial Regulator Takes Action Against First Bitcoin ATMs

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The German financial watchdog is stopping the operations of a company KKT UG from Berlin that allows consumers to buy and sell cryptocurrencies at ATMs. Lack of necessary permission According to a March 4 statement, BaFin ordered Mr. Adam Gramowski, who runs KKT UG as managing editor, to cease cross-border proprietary trading. The order was issued on Feb. 26. On its website www.shitcoins.club, the company advertises 24 bitcoin machines für purchase and sale of cryptocurrencies in Germany. Moreover, its business apparently extends across the whole of Europe. According to his…

Overstock’s VC Wing Leads $8.2M Funding Round in GrainChain

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GrainChain, a commodities tracing platform that uses smart contracts to open up liquidity for low-income farmers, has raised $8.2 million in its latest funding round, the company announced Friday. Luis Macias said the money will bolster GrainChain’s burgeoning operations in Mexico, Honduras and the southwest United States. “This funding is really going to allow us to add to our operations and scale up the levels that we are anticipating, giving us the ability to implement across the entire supply chain,” he said. Overstock VC wing Medici Ventures contributed the bulk…

Overstock’s VC Wing Leads $8.2M Funding Round in GrainChain

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GrainChain, a commodities tracing platform that uses smart contracts to open up liquidity for low-income farmers, has raised $8.2 million in its latest funding round, the company announced Friday. Luis Macias said the money will bolster GrainChain’s burgeoning operations in Mexico, Honduras and the southwest United States. “This funding is really going to allow us to add to our operations and scale up the levels that we are anticipating, giving us the ability to implement across the entire supply chain,” he said. Overstock VC wing Medici Ventures contributed the bulk…

Telecom Giant Vodafone Explores Blockchain to Verify Suppliers

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Multinational telecommunications company Vodafone is exploring blockchain’s capabilities to improve its supply chain. By integrating blockchain into its internal processes, Vodafone aims to advance its supply chain by promoting and verifying a number of suppliers through a digital identity platform dubbed Trust Your Supplier, the company announced on March 6. To implement diversity criteria The announcement further explained that the company is implementing criteria for diversity “to influence procurement decisions alongside other standard criteria, such as safety, value, delivery and technology when we invite suppliers to tender for business.” Trust…

Bitfinex Launches Tether Gold Futures Trading After It Hit $21M Market Cap

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Major cryptocurrency exchange Bitfinex, the sister exchange of stablecoin firm Tether, has rolled out futures trading for Tether’s new gold-backed coin. Starting on March 6, Bitfinex users can trade futures contracts on Tether Gold (XAU₮) against Tether (USDT), a widely-known and controversial stablecoin pegged to the United States dollar. New feature is only available to verified users in certain jurisdictions Announcing the news on Friday, Bitfinex specified that the futures trading enables traders to buy or sell assets at a specified price and data in future, featuring up to 100x…