European Parliament Welcomes Blockchain Adoption in Trade

European Parliament Welcomes Blockchain Adoption in Trade

Blockchain hype is popping up all over the world. With blockchain being new technology that has great potential to shape the future, many countries around the world are starting to think about how it could play a role for them, and whether they can lead innovation in the area. The EU is no exception. There are currently 28 member states in the EU, and many of the countries that make up the political and economic…

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Congressman Davidson’s Controversial Idea to Crowdfund the US-Mexico Wall with Cryptocurrency

Congressman Davidson’s Controversial Idea to Crowdfund the US-Mexico Wall with Cryptocurrency

President Trump’s proposal to build a wall across the US-Mexico border has been steeped in controversy since it was first mentioned during the election. One of Trump’s plans for the wall, and one that has surprised the public is that Mexico will pay for it. Trump first stated that Mexico will pay for the wall in June 2015, and he hasn’t backed down on this idea either. Earlier this week on 13 December 2018, Trump…

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Venezuelan Government Paying Pensions in Petro – Without Consent

Venezuelan Government Paying Pensions in Petro – Without Consent

The Venezuelan government has converted pensioners’ bonuses into Petros, without their consent. Petro is a cryptocurrency launched in February 2018 and developed by the government of Venezuela. The Venezuelan government has been handing out bonuses to pensioners for some time now, and these bonuses have become an essential part of life for pensioners. 2018 has been a year of hyperinflation that has left many elderly people dependent on these bonuses to survive. Pensioners would receive…

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Research: Evidence of Rising Sextortion and Ransomware Scams with Cryptocurrencies

Research: Evidence of Rising Sextortion and Ransomware Scams with Cryptocurrencies

Sextortion scams in cyber form have been around since around 2009 and have cost many victims a lot of money. There are a few types of sextortion scams, but in general, they work by the attacker threatening to distribute private or sensitive material if the victim doesn’t send money or comply with sexual favors or images. The scams can take many forms, for example, the attacker may claim to have video evidence of someone masturbating…

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PayPal Launches Blockchain Employee Reward Scheme

PayPal Launches Blockchain Employee Reward Scheme

PayPal, the global online payments company, has reportedly announced internally last week that it is giving its employees a crash course in crypto token economics. Cheddar, the the financial news site, reported on the story on December 6. Cheddar reported that PayPal’s program was launched in mid-November and was engineered by the internal innovation team over a six month period. Employees at PayPal are given tokens, which they can access through PayPal’s internal website. If employees…

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UNICEF Invests in Six Blockchain Projects to Help Children in Dangerous Areas

UNICEF Invests in Six Blockchain Projects to Help Children in Dangerous Areas

It was announced yesterday, Monday December 10, that The United Nations International Children’s Emergency Fund (UNICEF) plans to invest in six blockchain projects. The investment is being done through UNICEF’s Innovation Fund, and the six projects exist in emerging markets. Each of the six blockchain projects will receive up to $100,000 USD. The companies in question are Atix Labs, Onesmart, Prescrypto, Statwig, Utopixar, and W3 Engineers. These companies were six of more than 100 applications…

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Law Professor: The US Didn’t Make Up its Mind if Crypto Is Money, Property, Commodity or Security

Law Professor: The US Didn’t Make Up its Mind if Crypto Is Money, Property, Commodity or Security

Carol Goforth, a Law professor at the University of Arkansas recently posted an interesting article about crypto on a law blog ran by the University of Oxford. In her blog post, she outlined the current confusion over crypto and how it is classed, saying crypto is treated as “money, property, a security, and a commodity all at the same time”. Confusion: What is crypto? Internal Revenue Service (IRS) regulates crypto as a property imposing “record-keeping…

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The SEC Postpones Bitcoin ETF Decision Until February

The SEC Postpones Bitcoin ETF Decision Until February

An official document released on Thursday December 6 by the United States Securities and Exchange Commission (SEC) announced that the decision on a Bitcoin exchange-traded fund (ETF) has been postponed. The proposal to list a Bitcoin ETF on the Chicago Board Options Exchange was proposed by investment company VanEck, and SolidX, a blockchain company. In order to list Bitcoin, rule change proposals will need to be met, and the SEC have stated they require more…

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Report: Over 415,000 Routers Worldwide Infected with Crypto Mining Malware

Report: Over 415,000 Routers Worldwide Infected with Crypto Mining Malware

Researchers have discovered that over 415,000 routers are infected with malware designed to steal computing power in order to mine cryptocurrency. The routers are located around the world. The attack predominantly affects MikroTik routers from Brazil, where in August it was found that 200,000 routers were infected. Since August, the number of infected routers has more than doubled in this worrying attack that is still underway. These newer instances of infected routers are found outside of…

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Researchers Develop an Algorithm to Detect Crypto Scams Before They Happen

Researchers Develop an Algorithm to Detect Crypto Scams Before They Happen

Pump and dump schemes, wherein an actor will buy a large amount of a crypto coin in order to artificially increase the price, have been a problem in cryptocurrency since its inception. Of course, this problem isn’t new, it’s something the stock market has had to navigate for a while, but none the less it has been a prominent problem in crypto markets also. In February of this year, the US Commodity Futures Trading Commission…

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