security

Beware! Scammers Are Out for Crypto Amid the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/beware-scammers-are-out-for-crypto-amid-the-coronavirus-pandemic
Time Stamp: April 2, 2020 3:52 PM - Modified On: August 29, 2021 - Published By:
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As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware hacks to access people’s crypto holdings.On March 27, residents in the United Kingdom received warnings from their local councils “to be on their guard against a series of scams attempting to take advantage of the coronavirus outbreak.” Scammers have been using other tricks to lure victims, including the use of false Bitcoin (BTC) donation channels, fake

How the Pressures of the Coronavirus May Open the Door for Tokenization

Source Node: https://cointelegraph.com/news/how-the-pressures-of-the-coronavirus-may-open-the-door-for-tokenization
Time Stamp: April 2, 2020 2:16 PM - Modified On: August 29, 2021 - Published By:
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The coronavirus pandemic is the only thing on most people’s minds right now around the world.The pending economic fallout is only surpassed by the anxiety induced by surging cases in both the United States and Europe. People remain firmly in quarantine around the world, and consumer demand has fallen off a cliff as people are holed up with only basic necessities.Paired with the awful Purchasing Managers’ Index numbers published by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, as well asearly U.S. indicators, we’re about

Remaining Anonymous: Which Crypto Privacy Solution Works Best?

Source Node: https://cointelegraph.com/news/remaining-anonymous-which-crypto-privacy-solution-works-best
Time Stamp: April 2, 2020 9:44 AM - Modified On: August 29, 2021 - Published By:
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The cryptocurrency industry was initially headlined as anonymous digital cash. While experts were keen to point out that this was not exactly the case, Bitcoin (BTC) found initial popularity in darknet markets such as Silk Road, where merchants sold illegal goods ranging from light drugs to, allegedly, hitman services. Founded in 2011, Silk Road thrived for the next two years until the Federal Bureau of Investigation shut it down in 2013. Authorities later revealed that completely free blockchain explorers aided their investigative efforts.Bitcoin’s transaction ledger is completely open for the

SEC Demanding Feedback Regarding Proposed Security Exchange Of tZERO’s

Source Node: https://insidebitcoins.com/news/sec-demanding-feedback-regarding-proposed-security-exchange-of-tzeros/256192
Time Stamp: April 2, 2020 8:39 AM - Modified On: August 29, 2021 - Published By:
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Through a letter dated the 1st of April, the Securities and Exchange Commission, or SEC, gave out, the regulator stated that it would extend the timeline in regards to its review of the operations by a security token exchange, particularly one affiliated with tZERO.Needing More Time To Review ProposalIn what’s assumed isn’t an April Fools joke, the SEC stated that it would seek further analysis and input when it comes to BOX Options Exchange’s proposal for rule changes. These changes were made in order to start its operations within the

SEC Postpones Decision on Overstock-Affiliated Security Token Exchange

Source Node: https://cointelegraph.com/news/sec-postpones-decision-on-overstock-affiliated-security-token-exchange
Time Stamp: April 2, 2020 6:56 AM - Modified On: August 29, 2021 - Published By:
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The United States Securities and Exchange Commission is seeking more feedback and more time before it decides whether to approve the launch of the Boston Security Token Exchange (BSTX).In a letter published on April 1, the regulator postponed the current April 2 deadline in light of responses to a recent proposed rule change to BSTX’s original filing.The proposed exchangeBSTX is a project for a regulated security token exchange platform that would be jointly owned by Box Digital Markets and Overstock’s blockchain arm tZERO. As the SEC summarizes in its April

AT&T Starts Appeal to Dismiss Crypto Investor’s SIM Swapping Case 

Source Node: https://insidebitcoins.com/news/att-starts-appeal-to-dismiss-crypto-investors-sim-swapping-case/256178
Time Stamp: April 2, 2020 4:44 AM - Modified On: August 29, 2021 - Published By:
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AT&T has moved to have a long-standing negligence case against it dismissed. Earlier this week, the company filed a motion to dismiss claims that it was complicit in a SIM swapping case that resulted in millions in crypto stolen from its customers. The case itself originated back in 2018, when crypto investor Michael Terpin sued the telecoms giant of negligence and accused it of being complicit in two separate SIM swapping operations. A Timeline of Terpin’s CaseAt the time, Terpin claimed to have lost almost $24 million, but was suing the firm

Investment in Blockchain in Energy Markets Will Top $35 Billion by 2025

Source Node: https://cointelegraph.com/news/investment-in-blockchain-in-energy-markets-will-top-35-billion-by-2025
Time Stamp: April 2, 2020 2:12 AM - Modified On: August 29, 2021 - Published By:
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According to a new report released by Premium Market Insights (PMI), global investment in blockchain technology in energy markets is set to reach $34.7 billion by 2025. Valued at just $156.5 million in 2016, the sector is forecast to grow at a rate of 82% a year. Although $35 billion seems high, it’s dwarfed by the net worth of $1.85 trillion for the energy market as a whole. Key players using blockchain and DLT in the field include Accenture, AWS, Bigchaindb, Deloitte, IBM, Infosys, Microsoft, Nodalblock, Oracle, SAP, Enosi, and Electron. Blockchain

Ethereum Founder Tells Bitcoin Dev: BTC Wasn’t Always ‘Digital Gold’

Source Node: https://cointelegraph.com/news/ethereum-founder-tells-bitcoin-dev-btc-wasnt-always-digital-gold
Time Stamp: April 1, 2020 7:21 PM - Modified On: August 29, 2021 - Published By:
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Ethereum co-founder Vitalik Buterin was involved in a spat with a Bitcoin developer on Twitter yesterday, when he suggested BTC was originally designed to be P2P cash, not digital gold.Replying to Blockstream employee Zack Voell who claimed that Bitcoin was, is, and always shall be digital gold, Buterin pointed out the narrative had changed since 2011:“I joined Bitcoin land in 2011 and back then I remember a clear vibe that Bitcoin was P2P cash first and gold second.”Source: Twitter: Vitalik Buterin, Zack VoellButerin’s view that Bitcoin was originally intended to

Amended Ripple Class-Action Covers Possibility XRP Is Not a Security

Source Node: https://cointelegraph.com/news/amended-ripple-class-action-covers-possibility-xrp-is-not-a-security
Time Stamp: April 1, 2020 11:07 AM - Modified On: August 29, 2021 - Published By:
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An amendment to the class-action lawsuit against Ripple, filed March 25, included additional claims of false advertising and unfair competition, “under the alternative theory that XRP is not a security.”The disgruntled investors’ sixth and seventh claims for relief would appear to be a direct hedge in the event that the judge rules against the original suit suggesting that XRP was illegally sold as an unregistered security.Hedging their betsThe filing included two additional claims for relief, in relation to alleged false advertising and unfair competition, both in violation of the California

Berkeley Blockchain Xcelerator Director on What DLT Startups Need to Succeed

Source Node: https://cointelegraph.com/news/berkeley-blockchain-xcelerator-director-on-what-dlt-startups-need-to-succeed
Time Stamp: April 1, 2020 9:28 AM - Modified On: August 29, 2021 - Published By:
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The Berkeley Blockchain Xcelerator — an incubator for early stage distributed ledger technology startups at the University of California, Berkeley — recently launched its spring cohort, which includes startups seeking to fight COVID-19, launch a cannabis-themed massively multiplayer online game and create a reverse auction platform for loans.Cointelegraph spoke to Jocelyn Weber, the director of the Xcelerator, to find out more about the resources the program offers to startups, success stories from previous cohorts and advice for startups looking to launch in the crypto space.Cointelegraph: Could you give an overview