Australian Hacker Pleads Guilty to Stealing $450,000 in XRP Last Year

[ad_1] Australian citizen Katherine Nguyen has pleaded guilty to stealing $450,000 in XRP — over 100,000 tokens — in January 2018.Local news channel 7News Sydney reported the latest about the case on Aug. 23. According to the report, Nguyen hacked into the email account of a man with the same last name. She then proceeded to steal all of his XRP, before unlocking his account two days later.Police reportedly investigated

Leaked Images Overlap With Those Processed by Third Party

[ad_1] Major cryptocurrency exchange Binance states that some leaked Know Your Customer (KYC) images overlap with those processed by a third party vendor.In an announcement on Aug. 23, Binance said that its investigation of a KYC data leak that occurred on Aug. 7 is still ongoing. The exchange’s security and investigations team is purportedly trying to identify the source of KYC images similar to those leaked by an unidentified hacker.Cryptocurrency

Africa’s Largest Bank Joins Blockchain-Based Marco Polo Network

[ad_1] Standard Bank, Africa’s largest bank by total assets, has joined blockchain-based trade finance network, the Marco Polo Network.Standard Bank will now develop trade finance solutions alongside major global financial institutions such as French BNP Paribas and Dutch ING, according to a press release on Aug. 22.Backed by the world’s biggest bank, the Industrial and Commercial Bank of China, Standard Bank is the first African bank to join the network,

Blockchain Bitcoin Wallet Integrates BitPay

[ad_1] Bitcoin wallet and block explorer Blockchain, which has more than 41 million users, has revealed today that now has BitPay integration. This new integration now enables Blockchain users to make Bitcoin transactions with any merchant that uses BitPay. “And today, spending crypto from your phone or online is even easier thanks to a new integration with BitPay. We’ve seamlessly integrated BitPay into the Blockchain Wallet so you can pay

British Hacker to Hand Over $1M in Crypto for Phishing Attacks

[ad_1] A British judge has ordered the confiscation of $1.1 million worth of cryptocurrency from a hacker who used phishing attacks to steal personal data and sell it on the dark web.As The Telegraph reported on Aug. 23, judge Joanna Korner of Southwark Crown Court ruled that the police could confiscate $1.1 million worth of digital currency from Grant West. In his cyber attacks, West allegedly operated under the online pseudonym

Bitmain to Increase Hashrate By 50% With 600,000 New Mining Chips

[ad_1] Showing renewed optimism, Bitmain is increasing its investments in the crypto mining industry. Now, Bitmain is reportedly buying 600,000 new crypto mining chips. As a result of this new investment, the company expects to make over $1 billion in profits. Bitmain to Increase its Capacity By 50% Hash rate The battle to produce fast cryptocurrency mining gear is heating up. In this context, Chinese Bitcoin mining giant, Bitmain Technologies

Bitcoin ATM Scooped Up from Mall by Two Thieves

[ad_1] Earlier this month, in a mall in Lynnwood, Washington, two men went in and stole a Bitcoin ATM. According to security footage, the alleged thieves went into the mall, but as it turns out not for a shopping spree. After the stores closed at 9 p.m., but the mall was still open, the men came and scooped up the ATM covered with a moving blanket. They then put the

Siam Commercial Bank (SCB) Confirms Using Ripple to Power its Cross-Border Payments Platform

[ad_1] According to a recent report, Siam Commercial Bank (SCB), the largest commercial bank in Thailand has officially made it known that it has started conducting cross-border payments through Ripple via its Easy Pay app, and the firm has updated its website with a detailed description of ways in which it will be making use of Ripple’s technology. SBC Easy Pay App Customers to Transfer Funds to Several Countries With

How Facebook Could Change The Money Transfer Industry

[ad_1] Facebook’s new project has been all in the news and media, is it a flash in the pan or are we witnessing the beginnings of disruption? In this piece by, online money transfers specialists, we explore how Facebook could change the money transfer industry. Facebook isn’t new to this market Facebook jumped into the money transfer industry in 2015 with its money transfer service for their Messenger app.