Archive for August 2019
Ukraine Nuclear Plant Compromise: Crypto Miners under detention for Security Breach
First of all, Ukraine security agents have arrested operators of the Yuzhnoukrainsk nuclear power plant for engaging in crypto mining activities. Also, this development was revealed on the 21st of August by Ukrainian news platform, UNIAN. According it, the crypto miners breached the nuclear facility security protocol by using the mining plant’s internet services. So,…
Repetition is the Mother of Learning: Basic of Exchange
A crypto exchange is a place where customers can trade digital currencies for other assets. It is where buyers and sellers conduct their business. A seller of a Bitcoin or all any coin deposits funds with the exchanges address. He can then use his positive balance to sell his digital money for fiat currency. Similarly,…
Cryptojacking Code Uncovered in 11 Open Libraries with Thousands Infected
Of course, we all know that cryptocurrency is very reliable and secure. However, unfortunately, this does not mean that it cannot be abducted. Also, as the crypto defense system grows, so do the skills and inventiveness of hackers. A few lines of code are enough, and cryptocurrency holders are already in a serious situation. Moreover,…
New Status of Bitcoin in Britain
As we know the question of a bitcoin`s status is very relevant and topical. There are different reasons of it: from taxes to management. The same way it happened in Britain and the government had so pure and loyal relations. That`s why it`s not unexpected that they have recognized digital currencies as property. Bitcoin gets its…
A Code of Practice by The Association of Cryptocurrency Enterprises and Startups
Despite the goal of Bitcoin to decentralize the global banking system, the banks have scored another win. The Association of Cryptocurrency Enterprises and Startups (ACCESS) has created a Code of Practice in partnership with the law firm Linklaters, a multinational entity. A report Per a report released on August 19th, The Association of Cryptocurrency Enterprises…
New “Wallstreet” Of Crypto: London Is Pulling Ahead
London could soon be a haven for crypto and cryptocurrencies throughout the world as it prepares to become the new “Wallstreet” for digital currencies. The Financial Conduct Authority (FCA) recently updated its guidelines on cryptocurrencies. They also planning on hosting consultations on crypto regulation towards the end of this year. London needs for change in…
BiTA IS Increasing: A Partnership with EPAM Systems Inc.
Blockchain technologies scores another win as engineering firm EPAM Systems Inc joins the Blockchain in Transport Alliance (BiTA) group. It means the BiTA developes blockchain standards in the transportation, logistics, and supply chain industry. BiTA very much acts like an IEEE standards body but focuses on blockchain for specific business segments. Jitin Agarwal about it…
Typing of Cryptocurrency Wallets
A cryptocurrency wallet is a software which stores data regarding crypto on a hard drive of a PC (or another device) or connects to an internet service where the currency is stored. To perform a transaction the software connects to blockchain which serves as a ledger and stores records on movements of each coin, the…
Blockchain In New Areas — “Bitcoin, Blockchain, And the Energy Sector”
To begin with, the US Congressional Research Service released a report on August 9th, titled “Bitcoin, Blockchain, and the Energy Sector”, detail the potential advantages and disadvantages of deploying a blockchain-based ledger system to control the transactions and sales of energy. That report has stated that while there may be a lot of advantages to…
Blockchain In A Wine Industry
Blockchain technology has entered into the wine and spirits trading industry. WiV technologies recently hired EY auditing firm to help provide blockchain technology as it continues to develop its services. Wine and spirits trading have become a serious source of trade in goods. It’s only rivaled by the stock market. WiV technologies help to improve…