IBM Secures a New Blockchain Patent to Advance Scientific Discovery and Study

IBM Secures a New Blockchain Patent to Advance Scientific Discovery and Study

IBM has been one of the earliest adopters of blockchain technology in the corporate tech sphere, and it appears that the company took a strategic decision to incorporate blockchain into its many different tentacles. One of the areas in which IBM demonstrates its reliance upon blockchain is the patent arena, where the company is already one of the global leaders. Recently, IBM was granted another blockchain-focused patent for which the company initially filed in the…

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Japanese Cybersecurity Company Pinpoints Five Suspicious Transactions in the Hack into Zaif Exchange

Japanese Cybersecurity Company Pinpoints Five Suspicious Transactions in the Hack into Zaif Exchange

Security experts from Japan Digital Design (JDD) have been working on tracking down the source of the malicious hack against Zaif crypto exchange, which resulted in the theft of approximate $60 million in cryptocurrency. JDD reports that the hunt so far yielded evidences regarding five different suspicious transactions, and that the relevant data was imparted to the authorities. One of the methods that JDD employed on behalf of Zaif to learn more about such hacking attacks…

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Former Prominent Libertarian Congressman Ron Paul: Full Tax Exemption on Cryptocurrency

Former Prominent Libertarian Congressman Ron Paul: Full Tax Exemption on Cryptocurrency

One of the most fascinating political figures in U.S. politics – although he was largely ignored by the media – is the former libertarian congressman from Texas Ron Paul. As an active congressman, Paul was critical of both sides of the political aisle and was not distinctly associated with either side; today, as a political commentator and pundit (primarily on the social media), Paul still doesn’t align with any specific side – sometimes he censures…

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Venezuela’s Cryptocurrency Petro Is Available for Purchase, But Is It Really Worth It?

Venezuela’s Cryptocurrency Petro Is Available for Purchase, But Is It Really Worth It?

Cryptocurrencies such as Bitcoin, Ethereum and Litecoin certainly have the potential of creating a much more balanced economy which is not controlled by major financial institutions or governments. Yet, there are also powerful financial players – ironically, also governments – that attempt to exploit cryptocurrencies to cover for their own catastrophic economic mismanagement. Such is the case with Venezuela’s new government-issued cryptocurrency, Petro, which recently became available for purchasing by the authoritarian administration of Venezuela’s…

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New Strategic Hub for Innovation and Financial Technology launched by the SEC

New Strategic Hub for Innovation and Financial Technology launched by the SEC

On October 18, The US Securities and Exchange Commission (SEC) announced the launch of the Strategic Hub for Innovation and Financial Technology, also named FinHub. The SEC is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of securities markets and facilitating capital formation. The aim of FinHub is to provide public engagement about the issues and initiatives of the SEC’s FinTech. FinHub’s main objectives are to provide a portal…

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Report: Test Version of Telegram Open Network (TON) to be Released this Autumn

Report: Test Version of Telegram Open Network (TON) to be Released this Autumn

Telegram, one of the most popular messaging apps in the world, has probably had not one but two (!) of the most successful private initial coin offerings (ICO) in the history of crypto, raising around $850 million in each ICO. In fact, Telegram’s ICOs were so successful that the company decided to cancel its planned public ICO. With the mountains of cash that Telegram raised by selling its own cryptocurrency, Gram, the company set the…

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Former CFTC Chairman Gary Gensler Discusses Crypto, Blockchain and Regulation

Former CFTC Chairman Gary Gensler Discusses Crypto, Blockchain and Regulation

And the saga of crypto classification and regulation continues… this time with the input and observations of Gary Gensler, who was the chairman of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014. In an interview with Bloomberg, Gensler discussed cryptocurrency, blockchain and regulations while releasing some very interesting statements. First, Gensler praised blockchain technology and professed that it “has a real chance to be a catalyst for a change in the world of…

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The SEC Begins Treating ICOs More as Securities than Utilities

The SEC Begins Treating ICOs More as Securities than Utilities

The security of the crypto sphere has taken a whole new turn as the U.S. SEC has come up with new rules to change the application of ICOs by cryptocurrency startups. Generally, cryptocurrency startups employ the use of initial coin offerings as a method to gain revenue to help with the growth of their companies. ICOs, usually drafted on whitepapers initially, are used to attract crypto investors who buy their digital tokens to hold and…

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Tether Plummets; Are Investors Losing Faith due to Increasing Competition?

Tether Plummets; Are Investors Losing Faith due to Increasing Competition?

For essentially everybody who is interested in the crypto sphere, Tether (USDT) has captured a lot of focus and discussions recently. The stablecoin that’s supposed to be tethered to the USD was involved in multiple controversies amidst issuance of more and more tokens into the crypto market and growing trading volumes. But over the past 24 hours, something quite unusual happened… something that’s currently still quite unclear. Tether plummeted to its lowest price since April…

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Crypto Scammers Employed Photos of New Zealand’s Prime Minister on Facebook Ads

Crypto Scammers Employed Photos of New Zealand’s Prime Minister on Facebook Ads

It’s not new that crypto scammers are using fake photos and endorsements of celebrities in order to allure unaware consumers who would be captivated by the celeb’s stardom (did someone say William Shatner?). Yet, even for an industry that is filled with such blatant swindles, a recent scam managed to stand out with a display of flagrant shamelessness. It seems that tricksters from New Zealand were audacious enough to falsely employ the likeness of New…

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