KPMG, Microsoft, Tomia and R3 to Collaborate on a Blockchain-Powered Telecom Project

KPMG, Microsoft, Tomia and R3 to Collaborate on a Blockchain-Powered Telecom Project

Global accounting firm KPMG has partnered with tech companies Microsoft, Tomia and R3 to create a blockchain platform for telecom settlements, in anticipation of 5G network services. KPMG has been known to pilot industry specific blockchain-powered projects in the past. As one of the Big Four accounting companies worldwide, KPMG continues its drive for blockchain-powered revolution in the telecommunications industry by partnering up with tech giants that develop distributed ledger technology solutions. With these partnerships,…

Read More

Ex Employee Stole $10M in Virtual Assets from Microsoft; Used Bitcoin to Hide the Theft

Ex Employee Stole $10M in Virtual Assets from Microsoft; Used Bitcoin to Hide the Theft

News from the U.S. Attorney’s Office for the Western District of Washington revealed in a press release on July 16 that a former employee of Microsoft is currently awaiting trial after being accused of mail fraud for scheme to steal virtual assets like gift cards worth over $10 million. The accused, who goes by the name Volodymr Kvashuk, is a 25-years old Ukrainian citizen who worked with the software company Microsoft for over 2 years….

Read More

Microsoft Announces Early Preview of a Decentralized Identifier Systems

Microsoft Announces Early Preview of a Decentralized Identifier Systems

After efforts lasting up to a year to bring a breakthrough in the current architecture used to store internet users’ identities, Microsoft has announced a sneak-peek preview into its latest decentralized identifier system. The Sidetree-based DID network, called Identity Overlay Network (or ION) is a Bitcoin blockchain-based system, which conforms to an emerging group of open standards, and is aimed at making a stark difference in the throughput of DID systems, making it run tens…

Read More

Starbucks to Utilize Microsoft Azure Blockchain to Advance its Predictive Drive-Thru Initiative

Starbucks to Utilize Microsoft Azure Blockchain to Advance its Predictive Drive-Thru Initiative

Seattle-based coffee giant Starbucks has recently begun a strategic partnership with tech giant Microsoft. The partnership will revolve around a blockchain solution for Starbucks to enhance its bean-to-cup and predictive drive-thru ordering initiative. Starbucks will utilize Microsoft Azure’s blockchain arm called Azure Blockchain Service in combination with other artificial intelligence and internet of things offerings to advance its predictive drive-thru ordering and other such initiatives. Starbucks is also planning to expand its technological reach to…

Read More

Microsoft to Host JPMorgan’s Quorum on its Azure Blockchain Service

Microsoft to Host JPMorgan’s Quorum on its Azure Blockchain Service

Global corporate and investment banking leader JPMorgan and tech giant Microsoft have recently announced the formation of a strategic partnership that will revolve around the adoption of an enterprise blockchain. The partnership will make JPMorgan’s in-house private fork of Ethereum, Quorum, the first distributed ledger platform hosted on Microsoft Azure blockchain services. Furthermore, it will help companies engaged in business with Microsoft and JPMorgan to build and scale blockchain networks in the cloud. The new…

Read More

Hackers Looted Users’ Cryptocurrency Funds after Breaching into their Microsoft Outlook Accounts

Hackers Looted Users’ Cryptocurrency Funds after Breaching into their Microsoft Outlook Accounts

Recently, hackers breached Microsoft Outlook by abusing a Microsoft customer support portal that enabled them to read the emails of any non-corporate account. It appears that the same hackers have used the data to access the users’ crypto exchange account and steal their cryptocurrency funds. After the breach, a number of victims have reported that hackers stole their cryptocurrency funds. According to Motherboard, the hackers were able to gain the Microsoft customer support employee’s accounts…

Read More

Microsoft Korea: Crypto Mining Attacks Are on the Rise

Microsoft Korea: Crypto Mining Attacks Are on the Rise

According to a new Microsoft Security Intelligence Report by the company’s South Korean arm, cyberattacks have been increasing steadily in Korea and other countries around the world. Apart from phishing attacks, supply chain attacks and cryptocurrency mining malware have become the most common cyberattacks that the majority of the users are facing today. South Korea has relatively low cyberattack threats compared to other parts of the world. However, Microsoft Korea is urging individuals and organizations…

Read More

Microsoft is Getting into the ICO Game with Stratis Platform

Microsoft is Getting into the ICO Game with Stratis Platform

The current bear market has put a strain on every aspect of the crypto market, and perhaps especially ICOs as they’ve seen a sharp decline towards the end of 2018 as compared to the Jan-Mar time period of the same a year ago. However, another side story has been developing alongside the bear market which involves many of the world-renowned mainstream corporations and blockchain. Specifically, companies like Walmart, Samsung, IBM, and Amazon have been working…

Read More

8 Cryptojacking Apps were Detected in the Microsoft App Store

8 Cryptojacking Apps were Detected in the Microsoft App Store

The crypto market might have been dominated by the bears and several crypto mining farms might have shut down, but cryptojacking is one activity that has not been affected by the market conditions. In fact, there were eight different cryptojacking apps that were found on the Microsoft app store. The eight apps mined cryptocurrency on the host’s device without them knowing in the background. By using most of the CPU cycles to mine Monero, these…

Read More

The NASDAQ Partners with Microsoft to Implement Azure Blockchain Technology

The NASDAQ Partners with Microsoft to Implement Azure Blockchain Technology

The NASDAQ trading platform has not seen a considerable evolution since it first launched in 1971. Although the stock exchange has always been an innovator as one of the first electronic stock exchanges in the world, it has continued to operate with its regulatory bodies in 50 countries worldwide over 100 different exchanges. The NASDAQ’s technology has always been a tool that businesses have used to get on the leading edge of finance investment. As…

Read More