The world is becoming ever more contingent on the internet. So it’s no surprise that Bitcoin, a globally secured online version of cash has claimed the interest of investors, but not many shops accept Bitcoin yet and some countries have banned it altogether. Bitcoin is a valuable crypto coin because
ABBC Foundation, a Dubai-based fintech organization, carried out its initiative to help people withstand the global impact of the novel coronavirus (COVID-19) pandemic. Starting out in Korea, ABBC has extended its noble cause in India. Last August 24, 2020, the ABBC community volunteers reached out to the Kalanipakkam Village located
Chainlink has made its second acquisition with Cornell University’s privacy-preserving oracle solution DECO for an unrevealed amount. Deco Co-Founder Ari Juels will be joining Chainlink as a Chief Scientist. Since 2014, he has been teaching at Cornell University, one of the premier blockchain hubs in the world. He took leave
South Korea cryptocurrency exchange Coinbit seized by police for allegedly making false transactions to obtain 100 billion won ($84m). As per the report from Seoul Shinmun, South Korea’s oldest newspaper, police accused Coinbit Owner Choi Mo and other managers for handling multiple accounts, controlling cryptocurrency prices, and raising transaction volume.
According to blockchain security firm Slowmist, hackers have looted the crypto industry of more than $13 billion in 290 different hacks. As the crypto industry grows, the exploits seem to happen weekly either on an exchange, a blockchain, or a crypto wallet. The crypto users and investors must take precautions
Bitmex, a cryptocurrency derivative exchange will restrict access to users from Ontario, Canada, starting from Sep. 1, 2020, restrictions are mandated by the Ontario Securities Commission (OSC). The Ontario Securities Commission (OSC), an independent Crown corporation, responsible for regulating the capital markets in Ontario. OSC’s statement comes not long after
Researchers have traced over $1 million worth of bitcoin sent as payments to Ryuk ransomware controllers and passed through a wallet on the Binance exchange platform. According to an article from Forbes, the researchers said they had analyzed a sample of 63 transactions, linked to the Ryuk malware that was
European low-cost airline giant Ryanair CEO Michael O’Leary has come out very bearish on Bitcoin, adding that everyone should avoid the world’s number one cryptocurrency Bitcoin “like a plague”. O’Leary said, “I would strongly advise everyone with any shred of common sense to ignore this false story and avoid bitcoin
On August 16, Standard Chartered Bank successfully leveraged blockchain technology to conduct Bangladesh’s first blockchain transaction by issuing a Letter of Credit (LC) for Viyellatex Ltd. Standard Chartered Bank is the biggest international bank in Bangladesh, with a presence of over 115 years in the country. Viyellatex Ltd is a
The rise of many blockchain-based games that provide high-quality experience is seen to be the catalyst that will enable the exposure of 2.5 billion gamers worldwide to cryptocurrency. The blockchain gaming development is still fairly organic in nature in spite of the advancement of innovation by industry leaders. Binance CEO
