Day: July 22, 2020

Verisign Wins US Patent for Blockchain Powered Domain Names

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Verisign, a major domain name registry that controls the ‘.com’ and ‘.net’ domains, has acquired a patent that applies blockchain tech to domain names. The United States Patent and Trademark Office (USPTO) granted patent number 10,721,060 to Verisign on July 21. Addresses instead of numbers Titled Domain name blockchain user addresses, the new patent outlines some major benefits and technical advantages associated with registrants utilizing their domain name system (DNS) domain names in a blockchain network. It can provide the ability to use domain names purchased in the traditional DNS…

Third Anniversary of Bitcoin Cash Highlights a Myriad of Network Improvements

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In twelve days the Bitcoin Cash community will celebrate the third anniversary of the 2017 fork that happened on August 1. Since then, a number of changes have happened during the last three years and the following editorial will discuss the significant differences between both chains. The Bitcoin Cash (BCH) fork took place almost three years ago in 2017 and the official anniversary is twelve days away. A lot has happened since then and in 2018, the Bitcoinsv (BSV) community forked away from the BCH chain. Currently, BTC, BCH, and…

Cryptojacking and Ransomware Cases Grow in Mexico

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Mexican users of public cloud networks report a surge in cryptojacking and ransomeware attacks in recent months. According to El Economista, almost three quarters of Mexican companies that use cloud networks including Amazon, Google and Microsoft, report security incidents resulting in negative perceptions by citizens. Less than a third of the locals fully trust cloud network security. Ransomware attacks  Security weaknesses allow threat actors to deploy other crypto-related attacks like ransomware, including a recent case where an oil company, Pemex, was targeted by the DoppelPaymer gang. The report says that…

Deloitte Partners With Chronicled to Fight Counterfeit Medication Using Blockchain Technology

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Leading big four firm Deloitte has partnered with Chronicled, a San Francisco tech company, to address medication fraud and counterfeit drugs through blockchain technology. Chronicled will provide its blockchain-enabled network dubbed MediLedger that has been instrumental in the healthcare and life sciences sector. Countering medication counterfeit amid COVID-19 The MediLedger network has helped propel efficiency, security, and interoperability in the pharmaceutical supply chain and revenue management. Through the strategic partnership, this blockchain system will help fight fraudulent medication needed in addressing the coronavirus (COVID-19) that has wreaked havoc globally. Hospitals…

Analyst: Bitcoin Fractal Predicting a Surge to $20k By January Is “Still Alive”

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Save for the slight 2-3% rally seen on Tuesday, Bitcoin’s price action over the past few weeks has effectively been non-existent. On a macro scale, the cryptocurrency looks as though it has flatlined, stuck between $8,900 and $9,400, with bulls and bears failing to establish a trend. Yet an analyst who predicted Bitcoin would see a V-shaped reversal hours after it hit $3,700 remains bullish. He recently shared a fractal analysis suggesting that by the start of 2020, the leading cryptocurrency will trade near $20,000 for the second time in…

Why This Top Fund Manager Thinks Bitcoin is Ready to “Explode” Higher

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The ongoing rise in the stock market is unprecedented, and in many ways seems familiar to bubbles seen in years past – including Bitcoin and the crypto market’s meteoric rise in late-2017. This is causing many investors to grow fearful about the market’s future and has caused some notable investors – like Paul Tudor Jones – to turn towards Bitcoin and other hard assets in order to guard against future economic turbulence. Although the stock market appears to be strong at the moment, it is being pumped primarily by freshly…