BLOCKCHAIN

Two US Men Arrested For Stealing Social Media Accounts and Crypto via SIM Swapping

[ad_1] The United States Department of Justice has arrested and charged two Massachusetts men for allegedly taking over victims’ social media accounts and stealing cryptocurrency.According to the announcement on Nov. 14, the two — Eric Meiggs and Declan Harrington — were charged with one count of conspiracy, eight counts of wire fraud, one count of computer fraud and abuse and one count of aggravated identity theft. Attempt to steal over $550,000
BLOCKCHAIN

Blockchain.com Loan Desk On Track to Lend Over $120 Million In November

[ad_1] United Kingdom-based cryptocurrency data and wallet provider Blockchain.com is reportedly on track to lend out more than $120 million this month.On Nov. 14, the Block reported that Blockchain.com has been quietly building its loan desk to be competitive with firms like Genesis Global Trading and BlockFi.CEO of Blockchain.com, Peter Smith, said that his lending business initially started out by making loans to other cryptocurrency lending firms on a “case-by-case
BLOCKCHAIN

Walmart Canada Rolls Out Blockchain-Based Freight and Payment System

[ad_1] Walmart Canada — the retail giant’s Canadian branch — has rolled out an automated blockchain-based network for freight tracking and payments management, according to a Nov. 14 press release.The new system, which was developed in collaboration with blockchain company DLT Labs,  is designed to improve freight and payment processing, enabling users to automatically trace deliveries, verify transactions and handle payments and reconciliation.Integration with each company’s legacy systemsThe release further
BLOCKCHAIN

‘Unknown Fund’ to Donate $75M in Bitcoin to Crypto, Anonymity-Focused Startups

[ad_1] An anonymous organization dubbed “Unknown Fund” is planning to give away $75 million in Bitcoin (BTC) to startups that are focused on anonymity and the protection of personal data.In a press release on Nov. 13, the organization — which consists of “ordinary, anonymous people from different countries” —  said it will donate the money to startups which support the idea of anonymity and specifically operate in such fields as
BLOCKCHAIN

Ledger Vault Secures $150 Million Crime Insurance Policy for Digital Assets

[ad_1] Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, has procured a crime insurance policy developed with broker and risk advisory firm Marsh and insurance company Arch Insurance Limited.According to an announcement on Nov. 14, the Ledger Vault platform now provides its users a customized crime insurance program for cryptocurrencies for up to $150 million. The program applies to third-party theft of the master seed and private keys,
BLOCKCHAIN

Softbank-Backed Blockchain Firm OneConnect Eyes $100M Nasdaq IPO

[ad_1] Softbank-backed Chinese fintech OneConnect has filed for an Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC).As Bloomberg reported on Nov. 13, OneConnect is the blockchain- and AI-focused fintech arm of Chinese insurance giant Ping An.Seeks $100 million and Nasdaq listingThe report claims that the filing seeks to raise $100 million, eyeing listing on the Nasdaq Global Market or New York Stock Exchange, if approved. Morgan
BLOCKCHAIN

Why Do Governments And Corporations Need Blockchain?

[ad_1] Experts at BlockShow Asia 2019 agree: Bitcoin is just cryptocurrency while blockchain is a new connectivity framework.Speakers at a conference panel titled “Collaboration in a Decentralized Ecosystem: Why Government And Corporations Need It” included Patrick Yeo, Venture Hub Leader at PwC Singapore; Vinay Mohan, Managing Director of ConsenSys Singapore; Veronica Tan, Director at Infocomm Media Development Authority; Alan Lim, Program Director at IBM Blockchain Technologies; and Yi Ming Ng,
BLOCKCHAIN

Useful Coins “Have To Be Quantum-Secure, That’s It”

[ad_1] Elixxir President Jim Dolbear thinks the question of when quantum computing will become real is a bad one.Speaking on behalf of Elixxir founder David Chaum at BlockShow Asia 2019, Dolbear suggested that it is highly likely that whoever perfects quantum computing will use it secretly. He referred to code-cracking efforts by the United States during World War II: “In the history of World War II, if you crack people’s code,
BLOCKCHAIN

Crypto.com Reveals Its 2020 Plan for World Domination

[ad_1] Crypto.com co-founder and CEO Kris Marszalek unveiled his company's 2020 expansion plan in a talk today at BlockShow Asia 2019 in Singapore.The plans include launching its own exchange, shipping VISA MCO cards to almost every region in the world, and launching a non-custodial wallet.With the motto that “it’s your basic human right to control your money, data, and identity,” Marszalek spoke about Crypto.com’s vision to create an ecosystem where
BLOCKCHAIN

Blockchain Technology Faces a Tug of War Between Scalability and Decentralization

[ad_1] Blockshow Asia 2019 hosted some big names today for a panel on blockchain scalability. All the speakers agreed: people have to choose between scalability and decentralization.The panel included Max Kordek, CEO at Lisk; Matthew Tran, founder of Etherscan; Saranya Sriram, technical lead at Microsoft Azure; and Xinxi Wang, co-founder of Litecoin Foundation.  It attracted a large audience for such a super-technical discussion.Speaking about the difficulties of scaling a blockchain