Report: Crypto-Jacking Is on the Rise, Overtaking Ransomeware as Preferred Method of Attack

Report: Crypto-Jacking Is on the Rise, Overtaking Ransomeware as Preferred Method of Attack As cryptocurrencies continue to increase in popularity and adoption, investors and users are experiencing an increase in malicious coin miners that utilize the semi-anonymity offered by cryptocurrencies for financial gain. ITWeb Security Summit  This is according to Helge Husemann, product manager for…

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IBM to Hire Blockchain Researchers for French Expansion

IBM to Hire Blockchain Researchers for French Expansion Technology giant IBM is hiring nearly 2,000 people in France – and many of them will be focusing on blockchain technology, chief executive Virginia Rometty said Wednesday. In an interview with French news organization Le Monde, Rometty said IBM was hiring researchers for blockchain projects, among other focuses.…

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Asian Altcoin Trading Roundup: Steem Steams Ahead

Asian Altcoin Trading Roundup: Steem Steams Ahead The rout has continued and markets have fallen faster again today. Selling pressure could not be overcome and has accelerated through the morning in Asia with markets tumbling towards $300 billion. Bitcoin has continued to slide falling back 4% on the day to $7,600. In the time tested…

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Bitcoin (BTC) Price Watch: Short-Term Bullish Divergence Seen?

Bitcoin (BTC) Price Watch: Short-Term Bullish Divergence Seen? Bitcoin Price Key Highlights Bitcoin price continues to trend lower but is currently testing short-term support. A bullish divergence can be seen on stochastic, signaling a possible bounce back to the top. The Fibonacci retracement tool shows the nearby upside targets. Bitcoin price could be due for…

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MIT Tests Smart Contract-Powered Bitcoin Lightning Network

MIT Tests Smart Contract-Powered Bitcoin Lightning Network An MIT test is providing a rare glimpse of how bitcoin might truly work at scale. Revealed to CoinDesk last week, the prestigious U.S. university has been quietly demoing an experimental use case for bitcoin’s lightning network, one that showcases how it might be combined with smart contracts to…

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Norway and England Contemplate Central Bank-Issued Cryptocurrencies

Norway and England Contemplate Central Bank-Issued Cryptocurrencies The central banks of Norway and England have published reports exploring different models for central bank-issued cryptocurrencies. By contrast, Federal Reserve governor, Lael Brainard, recently expressed her opposition to central bank cryptocurrencies – claiming that such would result in broad “macroeconomic consequences.” Decline of Cash Prompts Norwegian Central…

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Tim Draper: Blockchain Could Free Individuals From Inefficient Governments

Tim Draper: Blockchain Could Free Individuals From Inefficient Governments US investor Tim Draper presented his vision for blockchain-based digital governments in an opening keynote speech at the GovTech Pioneers conference in Vienna, Austria Cointelegraph auf Deutsch reported May 23. Draper outlined a future in which blockchain technology utilizing smart contracts in conjunction with artificial intelligence will massively change the…

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Thai Bank Pilots Cross-Border Transaction Using Blockchain

Thai Bank Pilots Cross-Border Transaction Using Blockchain Thailand’s Bank of Ayudhya PCL successfully conducted a cross-border transaction with a bank in Singapore using a blockchain, it announced Tuesday. The bank, also known as Krungsri, said it committed a real-time international remittance in concert with MUFG Bank, Mitsubishi Corporation and Standard Chartered Bank (Singapore) using the…

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