Day: September 26, 2018

Despite Ban, 25 Google Play Apps Found to Cryptojack Users

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Sophoslabs has published a report in which the company claims to have identified at least 25 Android apps published on the official Google Play store that contain script facilitating the ‘cryptojacking’ of users’ computing resources. Also Read: Google Bringing Back Crypto Ads in US and Japan 25 Apps Containing Mining Malware Identified on Google Play Store Sophoslabs claims to have discovered 25 apps on the official Google Play store that contain cryptojacking code within them. A report published by the company asserts that the apps in question have “been downloaded and installed more…

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Bitmain Bids for Public Listing on the Hong Kong Stock Exchange

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The China-based mining manufacturer Bitmain Technologies has filed its initial public offering (IPO) prospectus in order to gain approval to be listed on the Hong Kong Stock Exchange. Also Read: Japanese Regulators Urgently Respond to Zaif’s Hack Bitmain Officially Files for IPO Status in Hong Kong The large mining firm Bitmain has officially initiated its attempt to be listed on the Hong Kong Stock Exchange (HKEX) with its multi-billion dollar initial public offering (IPO) bid this week. The application states that Bitmain Technologies Holding Company (比特大陸科技控股公司), a limited liability firm incorporated…

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Displaced Communities Are Finding Hope Through Blockchain and NGOs

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A number of humanitarian groups and affiliated NGOs are beginning to rely on blockchain to help empower and aid refugees.  Summer estimates from the United Nations put the number of displaced persons across the world at more than 68 million. More than 25 million in this figure are classified as refugees. A number of international bodies and humanitarian groups have long made it a priority to render aid to those fleeing violence, war, or other persecution. However, many agencies find it difficult to help displaced persons because they often cross…

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Developer Paul Sztorc Launches the First Version of Drivechain

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On September 24, the director of research at Tierion and the bitcoin developer Paul Sztorc announced the launch of the first Drivechain release. The Drivechain protocol is an alternative to the sidechain concept because it enables multiple blockchain compatibility but the system utilizes the same 21 million bitcoins. Also read: Speculators and Investors Hodl, Venezuelans Send Crypto With SMS Testdrive: The First Drivenet Test Release Paul Sztorc This week Paul Sztorc has unveiled the first release of his open source project Drivechain, a protocol that allows a variety of alternative…

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Tim Draper: ‘I Didn’t Anticipate’ Harsh Gov’t Response To Cryptocurrency

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Billionaire entrepreneur and cryptocurrency advocate Tim Draper has stuck by his Bitcoin price forecast of $250,000 by 2022 while voicing concerns over hard-handed regulation worldwide. $250,000 Bitcoin Prediction Remains In an interview with Forbes September 25 together with son Adam, Draper, who has remained well known after buying 40,000 BTC in 2014 and becoming the major force behind Tezos, originally made his sky-high price prediction in April. “…My prediction is that the price of one bitcoin will rise to $250,000 in 2022,” he told the publication. I think the products…

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Circle Enters the Stablecoin Races With USDC

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Stablecoin mania is showing no signs of abating. Within a week of Gemini launching its US dollar-pegged coin, Circle has followed suit. Named “USD Coin” (USDC), the ERC20 token has made its debut on Poloniex, the US exchange Circle purchased earlier this year. Also read: A Complete A-Z of Stablecoins Circle’s Stablecoin Is Good to Go In hyperbolic terms, US financial giant Circle announced the launch of its stablecoin today as “a milestone for the entire crypto industry”. While the significance of USDC has been significantly overstated by its creators, Circle…

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This Bitcoin Startup ‘Could Be First To IPO,’ Says Alphabet Inc. VC Firm After $25M Funding

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Goldman Sachs and GV (formerly Google Ventures) are among major investors in a $25 million funding round for Bitcoin payment network startup Veem, the company confirmed September 26. Google, Goldman Sachs Bet On Bitcoin Payments Speaking to Forbes, Veem CEO Marwan Forzley confirmed the successful funding round, which is the most prominent yet since the company first started raising funds back in May 2015. “What’s important about this round is the acknowledgment of the size of the opportunity, the size of the market, the size of the pain point that…

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Pesamill Africa Launches as Kenya’s Latest Exchange Offering P2P And Centralized Trading

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Pesamill Africa started trading today in one of Africa’s most active bitcoin markets. The exchange will compete with the likes of Bitpesa, and market itself to more than 48 million Kenyans, promising to help them buy and sell cryptocurrency peer-to-peer or through a centralized exchange with an order book. Also read: European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies Pesamill Africa’s Two-in-One Cryptocurrency Exchange Pesamill Africa has launched as Kenya’s latest cryptocurrency exchange. Founder Brian Ngugi says the exchange will offer cross platform trading – two models in…

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Fork-free, Energy Efficient Red Belly Blockchain Hits 30,000 Transactions per Second

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The University of Sydney and CSIRO’s Data61 say in their official press release they have successfully trialed a blockchain that provide 30,000 transactions per second which significantly exceeds the throughput of Bitcoin and Etherium networks.  The Blockchain named Red Belly, previously tested and appeared in the headlines of crypto media due to its increased throughput, reached a new benchmark in the large-scale experiment deployed on the Amazon Web Services’ network. Fork-free Blockchain – developed by Australia’s national science agency, CSIRO’s Data61, and the Concurrent Systems Research Group at the University…

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‘I Call Bullsh*t’: Tone Vays Leads Criticism Of EOS After Four Execs Resign

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Suspicions were running high over EOS once again September 26 after four senior executives resigned from parent company Block.one to start a spin-off venture. Block.one: Four Execs, Two Contractors Walk The latest episode in the chequered history of both the platform and Block.one, now ex-senior vice president of tech operations David Moss led an exodus to create StrongBlock.io, a mysterious EOS-related outfit about which few details have surfaced. With Moss as CEO, StrongBlock has also poached infrastructure president Brian Abramson, senior director of technology products Corey J. Lederer and vice…

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