BLOCKCHAIN

No Bank Account Needed to Transfer China’s Upcoming CBDC

[ad_1] Binance Research, the research arm of the major crypto platform Binance, has reported that no bank account will be necessary to use China’s Central Bank Digital Currency (CBDC).Loose coupling and anonymityBinance Research shared its findings on Aug 28. According to the report, China’s CBDC will be transferable without a bank due to its loosely coupled design. As explained by the researchers, a loosely coupled design refers to a system
BLOCKCHAIN

Cryptojacking Campaigns Up by 29%, Ransomware Attacks Up 118%

[ad_1] Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019.Cryptojacking on the riseMcAfee Labs posted their report on the company’s website on Aug. 28. According to the report, crypto jacking — installing and running a cryptocurrency miner without user permission — has been on the rise, with a 29% increase in crypto jacking campaigns in
BUY/SELL

Bitcoin Price Update: Where do we go from here?

[ad_1] Well, Bitcoin (BTC) decided to take the bearish path, or maybe larger players that shape the market made the choice for it. The ascension from the narrowing pennant proved to be a fakeout and a tweezer top at $10,278 was followed by a sharp reversal all the way to the bottom of the larger bull pennant that Bitcoin has traded in since topping out at $13,800 on June 26th. The
BLOCKCHAIN

Mercedes-Benz in China Joins PlatOn for Blockchain Used Car Data

[ad_1] Blockchain solutions company PlatOn has created a platform for storing data and calculating the price of used business cars at Beijing Mercedes-Benz Sales Service (BMBS).Calculating and monitoring car pricePlatOn shared the news with Cointelegraph on Aug. 29. According to the announcement, PlatON’s blockchain-based Vehicle Residual Value Management Platform can store both static and dynamic data, which will be used to automatically calculate the residual value of registered vehicles over
EXCHANGES

Crypto Lending Platforms Prepare to Assail the Banking System

[ad_1] The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come join us. Where we’re going, you won’t need banks.” It’s an enticing call –
BLOCKCHAIN

Thai Customs Department Plans to Use IBM’s Tradelens to Track Shipping

[ad_1] Thailand’s Customs Department intends to use IBM’s Tradelens blockchain solution to track shipping in Thai ports.According to an announcement published on Aug. 28 on the Thai Customs Department’s official website, the country plans to use Tradelens, a blockchain logistics system. Local news outlet Bangkok Post reported the next day that the platform is expected to streamline operations by managing shipment tracking and information sharing.Thailand’s push for innovationThe Tradelens platform
EXCHANGES

Binance Research Reveals More Details About China’s Digital Currency

[ad_1] The motive behind the development of a central bank digital currency (CBDC) by the People’s Bank of China which is also known as the Central Bank of China, is currently under investigation by analysts from Binance Research. If the cryptocurrency is created, it will make China the first major country in the world to issue a sovereign virtual currency. The publication released stated that: “Following Facebook’s recent Libra whitepaper
Business

Bitcoin Price Hovers Around $9,500 Following Sudden Price Drop

[ad_1] Thursday, Aug. 29 — Top cryptocurrencies Bitcoin (BTC) and Ether (ETH) are still in the red, though XRP has managed to see minor gains on the day. Market visualization. Source: Coin360Bitcoin is trading at $9,496 at press time, marking a 1.85% price drop on the day. Yesterday, BTC, ETH and XRP all dropped sharply in price from 5:45 p.m. to 6:20 p.m. UTC. BTC in particular fell below the $10,000
Business

Dharma Announces Closed Beta for Version 2 of Lending Platform

[ad_1] San Francisco-based crypto lending and borrowing firm Dharma has announced the start of a closed beta for a new version of its platform.Upcoming changes and short-term timelineDharma announced its new platform iteration in an official blog post on Aug. 29. According to the announcement, Dharma has partnered with the Ethereum-based money market Compound and will reportedly use its protocol as infrastructure for the new platform. Additionally, Dharma will now
Business

US SEC Reaches $10 Million Settlement with Digital Assets Issuers

[ad_1] The United States Securities and Exchange Commission (SEC), a primary governmental regulator, has settled charges with digital assets company Bitqyck Inc. and its founders.Smart contracts and crypto mining?The SEC announced the development in a press release on Aug. 29. According to the announcement, Bruce Bise and Sam Mendez­ are the founders of Bitqyck — a company that provided security offerings for digital assets Bitqy and BitqyM in Dallas, Texas.