Now that the legislation of this amendment has passed in Parliament, end-to-end encryption is coming under severe pressure in Hungary. It is worth noting this amendment is a less severe version of the original draft, which would see end-to-end encryption users being jailed for using this method of communication. Additionally, developers will not need to install backdoors for government monitoring either. However, officials may ask developers to decrypt particular communications, which is a different means to the same end. http://bitcoinist.net/amendment-to-ban-end-to-end-encryption-passed-by-hungarian-parliament/ |
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This is pretty exciting news for people looking to explore the correlation between gold and Bitcoin trading. Even though the platform has been the cheapest and fastest way to hold physical gold in one’s portfolio for a while now, cutting the fees in half during the anniversary period will only attract more customers. At the same time, this makes the platform an even cheaper option to buy physically allocated gold with Bitcoin. http://bitcoinist.net/vaultoro-celebrates-anniversary-trading-discount/ |
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The governor of Bank Negara Malaysia mentioned the great benefits in bringing FinTech to Islamic finance. At the same time, Muhammad Ibrahim made a note of how regulators need to guard against certain risks present in the FinTech sector. Any form of innovation — particularly in the financial sector — is always greeted with a fair amount of skepticism, before it is either embraced or rejected altogether. https://news.bitcoin.com/malaysian-bank-fintech-regulation/ |
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Among the information collected in this data dump are email addresses and IP addresses belonging to over half a million user accounts. Usernames and passwords are part of the package too, although passwords are hashed with the MD5 algorithm. Additionally, all of these hashes have a cryptographic salt, reducing the chances of success for cracking these passwords. http://themerkle.com/nulled-io-data-dump-contains-information-on-stolen-bitcoins/ |
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It does not matter how consumers use their payment cards, though, as all types of debit transactions are subject to higher fees. Close to two-thirds of all payment terminals at smaller retailers are not set up correctly, as the installed software favours Visa and Mastercard debit-payment networks over competitors. For the merchant, this means the most expensive networks are available to consumers, rather than the cheaper options. https://news.bitcoin.com/visa-mastercard-increase-fees/ |
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Dridex malware has been making a name for itself as well, as the code is designed to obtain sensitive financial credentials. The majority of these malware attacks stem forth from massive spam campaigns targeted financial corporations, with several millions of messages crossing the World Wide Web on a daily basis. Now that Cerber seems to be following the same path, it is impossible to tell what the consequences may be. http://themerkle.com/cerber-bitcoin-ransomware-creators-use-dridex-spam-provider/ |
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Investors of Tech Bureau Corp. and Dragonfly Pte, Ltd were worried about this new company using their trademarks and names of their staff members. Keeping in mind how Tech Bureau runs the Zaif Bitcoin exchange, as well as the Mijin blockchain platform, they have gotten a lot of attention in recent months. Apparently, certain individuals are looking to ride their coattails, a business malpractice that has been nipped in the bud before it could become a significant concern. http://bitcoinist.net/japanese-company-raising-funds-abuses-tech-bureau-corp-credentials/ |
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CoinFac also promised potential investors and customers will be able to reap the benefits of the advancement sin Bitcoin mining through quantum computing. Renting this mining power does not come cheap, though, as plans start at 1 Bitcoin, and go all the way up to 100 BTC. Do keep in mind these prices reflect one year of mining power, after which the contract will expire. http://bitcoinist.net/claims-of-quantum-computing-bitcoin-mining-through-coinfac-debunked/ |
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Everywhere one looks these days; the term blockchain seems to be mentioned in every single news story involving technology. As part of this growing interest, more questions arise as to whether or not this technology can apply to real life use cases or not. CC Group has put together a very comprehensive resource centre discussing how the blockchain can become a part of FinTech through real life applications. http://fintechist.com/cc-group-unveils-blockchain-technology-resource-centre/ |
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Although very few people will give Silk Road 3.0 credit for this move, they are the very first iteration of this concept which resurfaces after going offline. Both the original Silk Road and Silk Road 2.0 never came back after they were shut down by government officials many moons ago. But this return does not mean Silk Road 3.0 can live up to its former glory again, as it will take some time to see what types of changes have been made. http://bitcoinist.net/bitcoin-deep-web-marketplace-silk-road-3-0-is-back/ |
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The focus will shift to OpenLedger, a decentralised exchange platform running on the Bitshares protocol. Changing the exchange model into a service centre and fiat gateway for Openledger is a significant move for cryptocurrency users all over the world. Additionally, the trading volume between both platforms will be consolidated, and CCEDK will become the starting point for enterprises and startups looking to raise funds. http://fintechist.com/danish-cryptocurrency-exchange-ccedk-will-rebrand-soon/ |
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Banking experts aren’t convinced they will ever be able to solve the issue itself, let alone trace the attackers and recover the funds. By using legitimate network credentials, internet criminals have infiltrated the SWIFT system and initiated fraudulent transfers. Additionally, they managed to install malware on critical bank computers to obfuscate these actions. http://themerkle.com/swift-payment-network-abused-again-by-internet-criminals/ |
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We recently had a chance to ask the CoinCorner team some questions regarding the process of obtaining their Designated Business status, and what the company has planned for the future. Danny Scott, CTO of the company, took the time to answer our questions. Scott provided some more insights as to how this license was obtained, and what the future holds for CoinCorner. https://news.bitcoin.com/bitcoin-chat-coincorner-cto-danny-scott/ |
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But there is more to this approach, as the Kompany.com blockchain solution lets anyone in the world retrieve information in a more convenient way. This information can range from a company registration number to beneficial owners around the world. Additionally, the company will expand the search identifiers for all companies, including EUID, VAT numbers, and Thomson Reuters PermID. http://themerkle.com/kompany-com-to-transfer-company-records-to-a-hybrid-blockchain/ |
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One of the biggest benefits of recording these credentials on a blockchain is how it allows both institutions and students to control who sees these details. Moreover, this system is more appealing to students looking to change colleges, as transferring achieved credits creates difficulties more often than not. https://news.bitcoin.com/schools-bitcoin-student-credentials/ |
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When browsing through the AlphaBay subreddit, it is not hard to picture what types of goods and services are being exchanged on this market. Most of the reviews and posts revolve around drug trades, which are facilitated by deep web marketplace solutions. Given the peer-to-peer nature of these services and no oversight in place, it is easy to buy and sell anything and everything to anyone in the world. http://bitcoinist.net/bitcoin-users-are-getting-scammed-on-alphabay-deep-web-marketplace/ |
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The vision of Golem Project developers is to establish a true peer-to-peer network, which is created and supported by all computers running the Golem App. One of the benefits of this application is how anyone in the world can use the Golem App to send a computing task to the network, or lend a machine to other people on the network. https://news.bitcoin.com/golem-project-aims-decentralize-internet-computing/ |
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