Ford, Cobalt, IBM, LG & RCS Introduce a Blockchain Initiative for the Mineral Mining Industry

Ford, Cobalt, IBM, LG & RCS Introduce a Blockchain Initiative for the Mineral Mining Industry

Over the years, several blockchain projects have been piloted in collaboration with industry-specific giants to disrupt various industries. One such blockchain project is currently piloted to address the concerns in strategic mineral supply chains. IBM has recently announced the development of the open industry-wide network to trace and validate minerals and other rare earth materials for the consumer electronics, automotive, aerospace, and defense industries. Ford Motor Company, Huayou Cobalt, IBM, LG Chem, and RCS Global…

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Ripple Reassures It’s Safe in Response to “Biased Nonce Sense” Paper

Ripple Reassures It’s Safe in Response to “Biased Nonce Sense” Paper

A recent viral research paper by Joachim Breitner and Nadia Heninger about the repeated use of insufficiently random ‘nonces’ or ‘k’ values in ECDSA digital signatures was picked up by Ripple. The paper by Breitner and Heninger talks about how the use of imperfect nonces to carry out an attack that has not been seen previously in the crypto world. Security has always been a concern when talking about cryptocurrencies as there have been multiple…

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Outside Audit Confirms Circle’s Stablecoin USDC Is Fully Backed by USD as of the End of 2018

Outside Audit Confirms Circle’s Stablecoin USDC Is Fully Backed by USD as of the End of 2018

One of the fastest growing sub-industries in the crypto sphere over the past year was the world of stablecoins – digital assets that represent a traditional financial asset and that are also fully backed by it. While the prospect of acquiring a cryptocurrency that has an actual backing to it allures many investors, there is also a cloud of skepticism enveloping stablecoins; and at least in some cases these doubts are justified. For instance, the…

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Research: Cryptocurrencies Are Extremely Volatile and Unpredictable, Excess of Altcoins Will Drag Down Bitcoin

Research: Cryptocurrencies Are Extremely Volatile and Unpredictable, Excess of Altcoins Will Drag Down Bitcoin

A recent research published by the Federal Reserve Bank of ST. Louis further strengthens the notion that the prices of cryptocurrencies are extremely volatile and, as such, cannot be predicted correctly. The ongoing bear market at the crypto sphere has given rise to several predictions and conclusions about the crypto market, especially the Bitcoin market in a sphere where many other cryptocurrencies (altcoins) exist as well. Some people are of the belief that the crypto…

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Former US Congressman: Washington Regulators Thwart Crypto Innovation

Former US Congressman: Washington Regulators Thwart Crypto Innovation

The US market and authorities continue to be undecided regarding their support for cryptocurrencies, mainly due to the lack of their ability to predict or control crypto assets. This is not true from other major players in the international market; China, for instance, is a placing itself to be a big player in the crypto market, primarily blockchain. Concerns are being raised about China’s involvement in the crypto world due to the Chinese government’s obsessive…

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Russian Prime Minister Medvedev: Don’t Bury Cryptocurrencies Yet!

Russian Prime Minister Medvedev: Don’t Bury Cryptocurrencies Yet!

Russia generates quite a lot of crypto-related headlines lately. Is it just a coincidence that many cryptocurrency events currently surround Russia, or is it some sort of coordinated effort of the Russian Federation to use cryptocurrency? And now more interesting crypto news are arriving from Russia, this time directly from the state’s Prime Minister Dmitry Medvedev. During a speech at the plenary meeting of the 10th Gaidar Forum where he delineated global challenges that the…

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Russian Statesman: Crypto-Rubel May Emerge in Two-Three Years

Russian Statesman: Crypto-Rubel May Emerge in Two-Three Years

One prominent member of the Gosduma, the lower house of the Federal Assembly of Russia (or simply the State Duma), has recently predicted the arrival of a crypto-Rubel. The chairman of the State Duma committee of Financial market, Anatoly Aksakov, shared his opinion on the launch of a crypto-Rubel while discussing the plans of the committee with RIA Novosti – a state-operated domestic Russian-language news agency. He further stated that the crypto-Rubel may appear in…

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Unknown Miners Increasingly Take a Bigger Part of the Bitcoin Mining Pool

Unknown Miners Increasingly Take a Bigger Part of the Bitcoin Mining Pool

There are three primary methods of crypto mining for an individual miner: mining by oneself, joining a mining pool and joining a cloud mining. Mining by oneself and joining cloud mining aren’t as popular as pool mining due to higher hardware requirements and whooping power consumption. However, Things have also started to change for pool miners as a major share of Bitcoin miners belongs to some unknown miners. According to recent data, unknown miners who…

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Experts: Ryuk Ransomware was launched by Russian Cybercriminals, not North Korean Hackers

Experts: Ryuk Ransomware was launched by Russian Cybercriminals, not North Korean Hackers

One of the largest media groups based in the United States was a victim of a cyber attack called Ryuk ransomware during the just-concluded Holidays. The attack was attributed to North Korean state hackers because of the 2017 Hermes ransomware attack they conducted as part of a hacking operation in Taiwan. The recent Ryuk ransomware contained some traces of the Hermes ransomware, and as such, it was safe to conclude that the attack was from…

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Tron Won’t Handle BitTorrent’s Transaction Volume According to Ex-Exec

Tron Won’t Handle BitTorrent’s Transaction Volume According to Ex-Exec

BitTorrent is famous for its file sharing platform that is used all over the world for P2P file sharing. This technology is also decentralized like blockchain-powered cryptocurrencies and crypto tokens. In July 2018, BitTorrent was acquired by the blockchain firm Tron. Recently, BitTorrent’s ex-chief strategy officer, Simon Morris, said in an interview that the famous blockchain-powered computing resources sharing platform, TRON will melt down by the volume of transactions that BitTorrent handles. In harsh criticism,…

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