Blockchain News

China CERT Blockchain Report Blasts Ripple For High-risk Security Flaws
A recent report by China CERT shows there is still a lot of work to be done where open–source block chain projects are concerned. In fact, according to this report, Ripple is the least secure solution, as it contains over 200 high-risk bugs. It was ...
On The Impossibility Of Bitcoin
Bitcoins are now accepted by many online merchants for payment on their systems, most recently Microsoft (NASDAQ:MSFT). People can purchase Dell computers with bitcoins. You can even use them at the Veggie Galaxy Diner in Boston to buy a ...
Why I'm Fighting the IRS's Bitcoin Privacy Invasion
Jeffrey K Berns is a bitcoin user, Coinbase customer and a managing partner at multi-specialty law firm Berns Weiss LLP. In this CoinDesk opinion piece, Berns explains why he chose to seek to intervene in the IRS's attempt to obtain from Coinbase the ...
HfS Research recognizes VirtusaPolaris blockchain efforts
According to the release, VirtusaPolaris has developed leading blockchain capabilities in its financial services practice that focus within its Fintech Lab. It includes developing solutions like over-the-counter (OTC) derivatives, remittances, cash ...
Blockchain-Based ArtChain Looks to Clean up Murky Business of Buying and Selling Art
How Blockchain will reinvent an industry that has not really changed for decades: buying and selling art. 184 Total views. 63 Total shares. Blockchain-Based ArtChain Looks to Clean up Murky Business of Buying and Selling Art. For a long time the art ...
The First Bitcoin Transaction Happened Exactly 8 Years Ago
January 12th is a historic day in the Bitcoin history books. On this day in 2009, Satoshi Nakamoto sent the first ever non-mined Bitcoin transaction over the network to Hal Finney. Ever since that time, the Bitcoin network has significantly grown and ...
Bitcoin ATMs Are Being Attacked With Hammers in the US Midwest
At least three people have been accused of smashing dozens of bitcoin ATMs in the the Midwestern US. According to court documents filed in the US District Court for the North District of Illinois and obtained by CoinDesk, Andrew Konja, Alvin Konja and ...
Giracoin Launches On Private Blockchain; Usability Meets Fintech
Gira Financial Group AG, a Switzerland-based financial services provider, has launched a private blockchain altcoin called Giracoin. By simplifying and lowering the threshold to mine Giracoin, even a novice has an opportunity to get in on the ground ...
China is freaking out bitcoin traders
The digital currency soared to its highest level in more than three years last week, topping $1,100 and nearing an all-time record. But since then, its price has plunged more than 30% to around $760 after Chinese authorities stepped up scrutiny of ...
Bank partners with IBM to launch first blockchain service in China
The PSBC blockchain trial showed a 60-80% reduction in operational exchange for each transaction, making the process significantly faster and more efficient. Additionally, regulatory constraints and auditing capabilities are built into the distributed ...
Bitcoin plunges as China investigates exchanges
The vast majority of the world's Bitcoin trading takes place in China, and prices surged above $1,100 early this month as investors flocked to the virtual currency with the yuan hitting eight-year lows. The PBoC announcement sent its value plunging ...
Does blockchain have a place in business?
Blockchain is something you've no doubt come across in technology industry, especially over the last few years. It's a type of database that can be distributed and used to store ordered records in real-time. These are called blocks, and they're usually ...
Call for speakers opens for The Blockchain Event
Registration for the Blockchain Event is now open. The one-day conference is directed at entrepreneurs, venture capitalists, enthusiasts, executives, product managers and developers of both established enterprises and innovative startups who are ...
3 Japanese blockchain startups selected for Silicon Valley-Japan Bridge Project
QUOINE Corporation operates "QUOINE EXCHANGE", the world's most advanced virtual currency exchange platform utilizing blockchain technology and capturing the largest transaction volume in Asia. Soramitsu Co., Ltd. developed an open source ...
Ethereum Price Technical Analysis – ETH/USD Break Looks Real
Ethereum Price Technical Analysis – ETH/USD Break Looks Real. Posted on 6:00 am January 12, 2017 Author Aayush JindalCategories Altcoins, Analysis, Opinion, TradingTags Ethereum Price analysis, Ethereum Price chart, ethereum technical analysis, ...
Bitcoin Price Technical Analysis for 01/12/2017 – Bears Gaining Traction
The lack of follow-through from earlier bullish moves suggests that bitcoin price is under tremendous selling pressure right now. This follows reports that Chinese authorities are cracking down on bitcoin activity in the mainland as part of their ...
'Banking on Bitcoin' is the latest Bitcoin documentary
Bitcoin's latest full-feature documentary, Banking on Bitcoin, was recently released on Video-on-Demand services Amazon and iTunes, as well as in a limited number of theater screens. Directed and co-written by Christopher Cannuccia, the 90-minute film ...
Swift is Building a Blockchain App to Optimize Global Cash Liquidity
A global platform that connects the vast majority of the world's banks has begun building a blockchain application to simplify cross-border payments. Announced today, The Society for Worldwide Interbank Financial Telecommunication (Swift) is ...
Lightning Strikes: An (Early) Version of One of Bitcoin's Big Scaling Solutions is Finally Here
Released by one of the most prominent startups working on the open-source micropayments protocol (San Francisco-based Lightning Labs), the daemon runs on the bitcoin testnet, so it's not exactly for average users yet. Rather, the aim is for developers ...
Here's why bitcoin is extremely volatile
In early January, Bitcoin came within a whisker of topping its all-time high of $1,165.89, reached on November 30, 2013. Then it promptly fell off a cliff, plunging by 29 percent between January 4 and January 6, following warnings issued last week by ...
As India Goes Cashless, its Central Bank Researches Blockchain
As India's government pushes ahead with a controversial plan to move the country away from physical cash, a group of researchers backed by its central bank has called for an investigation into how blockchain could achieve that goal. The Institute for ...
Concord gets its first public bitcoin machine, in a bitcoin-accepting bar
The newest piece of apparatus at Concord bar Area 23 draws less attention that the pool table or dartboards, but co-owner Kirk McNeil says the bitcoin machine he has tucked into a corner serves the same purpose: Attracting customers. GEOFF ...
Status.im, an Ethereum Mobile Client Launches in Alpha, Aimed at ...
Status.im, an Ethereum Mobile Client Launches in Alpha, Aimed at ...
Status.im, an Ethereum Mobile Client Launches in Alpha, Aimed at Early Adopters and Developers
SINGAPORE, Jan. 11, 2017 /PRNewswire/ -- Status, an Ethereum light client targeting Android & iOS unveiled its feature light alpha today. The alpha release aims to provide developers with a glimpse at how interacting with decentralized applications ...
Los Angeles Valley College pays $28000 in bitcoin ransom to hackers
The Los Angeles Community College District paid a $28,000 ransom in bitcoin last month to hackers who took control of a campus email and computer network until a payment was made. The “malicious” cyberattack was detected at Los Angeles Valley ...
Why Small Businesses Should Consider Bitcoin
In 2015 bitcoin finally made its mark: More than 100,000 businesses, including industry giants like Microsoft, Overstock.com and Dell, accepted it. But, what exactly is this mysterious "cryptocurrency" everyone has been talking about for years? And, is ...
Is Blockchain the Next Great Hope — or Hype?
Cryptocurrencies such as bitcoin may have captured the public's fancy – and also engendered a healthy dose of skepticism — but it is their underlying technology that is proving to be of practical benefit to organizations: the blockchain. Many ...
Bust Nigerian Ponzi Scheme is Coming Back with Bitcoin
MMM Nigeria has announced that it will introduce bitcoin as a form of payment when it reopens customers' accounts on January 14. In December, participants in the MMM Ponzi scheme were informed that all confirmed subscriber accounts would be frozen for ...
Monero's Price Analysis - Bitcoin Volatility Rips Through XMR Market Cap
The Monero market has gone through a significant shakeup over the past 24 hours. Whereas the price trend looked quite strong yesterday, things have taken a sharp turn for the worse over the past few hours. It appears US$14 per XMR was possible late ...
PwC Launches Blockchain & FinTech Program for Young Entrepreneurs
Blockchain or fintech-focused companies will cooperate with PwC advisors who will guide them through difficult hurdles such as regulatory conflicts and market penetration. More importantly, PwC connects startups within the Startup Collider program with ...
'Satoshi Roundtable' Brings Blockchain Bigwigs Back for Third Year
According to Fenton's post, event participants include developers, executives and other "influencers" working to develop products on a number of blockchain technologies, including bitcoin, ethereum, Hyperledger and more. In 2015, the Roundtable was ...
Major Financial Company to Handle $11 Trillion Volume With Blockchain
Axoni and the R3 consortium are competitors within the Blockchain industry and are both backed by multi-bln dollar banks and financial institutions. Axoni, in particular, garnered the interests of Goldman Sachs and JPMorgan in December of 2016, raising ...
Everyone Panic? Analyst Predicts Bitcoin ETF Rejection Due to 'FUD'
An analyst has said there is very low probability that the Winklevoss brothers' Bitcoin ETF will be approved in 2017 - due to “fear, uncertainty and doubt.” It is probably the first time that an official statement has used FUD as a reason to give ...
Japanese Government Sends Blockchain Startups Abroad for Innovation Program
Japan's government is sending three blockchain startups to the US as part of a technology innovation program. The Japanese Ministry of Economy, Trade and Industry (METI) said earlier this month that employees from 55 startups would take part in the ...
Blockchain Could Be A Force For Good. But First You Have To Understand It
It's been used to buy drugs. Guns. Child porn. And launder money. But high-profile institutions like the World Bank, UNICEF and USAID think it could be a force for good, helping the poorest of the poor. It's a technology called blockchain — a global ...
Bitcoin could soar if the Winklevoss ETF is approved
Commodity-based ETFs—which a bitcoin ETF would likely be deemed as, given that both the IRS and the U.S. Commodity Futures Trading Commission classify bitcoin as a commodity rather than a currency—are typically structured as grantor trusts, and they ...
Bitcoin plunges as Chinese authorities step up scrutiny
Bitcoin prices tanked on Wednesday after Chinese authorities said they would begin investigating local bitcoin businesses to ensure compliance with Chinese laws. In a statement released at 4:53 p.m. local time, the People's Bank of China said its ...
VirtusaPolaris Recognized by HfS Research for Emerging Blockchain Services in BFSI
VirtusaPolaris has developed leading blockchain capabilities in its financial services practice, focusing within its FinTech Lab on developing solutions like over-the-counter (OTC) derivatives, remittances, cash management, payments sandbox, and ...
Blockchain may be preparing for a banner year
Blockchain technology could evolve from relative obscurity to become more mainstream in 2017, bolstered by a swell of anti-establishment sentiment that resulted in outcomes like Brexit in the U.K. and the election of Donald Trump in the U.S., Reuters ...
Qtum: Connecting Blockchain Technology With the Commercial ...
Qtum: Connecting Blockchain Technology With the Commercial ...