Users of Crypto Wallets Electrum and MyEtherWallet Face Phishing Attacks

Users of Crypto Wallets Electrum and MyEtherWallet Face Phishing Attacks Users of cryptocurrency wallets Electrum and MyEtherWallet are currently facing phishing attacks, according to posts published on Reddit and Twitter on Feb. 4. A phishing attack is an attempt to obtain sensitive data like users’ personal or banking information by illicit means, wherein an attacker is disguised as a trusted entity…

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Why Edward Snowden Likes Zcash Despite the Controversial Founders’ Reward

Why Edward Snowden Likes Zcash Despite the Controversial Founders’ Reward Unlike many fans of cryptocurrency, Edward Snowden has no problem with the Zcashfounders’ reward. The former CIA employee-turned whistle-blower Tweeted his support for the anonymity-focused digital asset earlier today. For Snowden, the founders’ reward incentivises and funds the team behind the privacy coin to address issues…

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Deloitte Completes Joint Pilot Digitizing Supply Chain Management on Multiple DLTs

Deloitte Completes Joint Pilot Digitizing Supply Chain Management on Multiple DLTs Big Four audit and consulting firm Deloitte has successfully completed a joint pilot for digitizing the supply chain on multiple blockchain networks, according to an official press release published on Feb. 1. Within the new project, Deloitte has collaborated with the Hong Kong Stock Exchange-listed blockchain firm Kerry Logistics and CargoSmart, a Hong…

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Major Mining Company BHP, Japanese Shipper NYK Deliver Biofuel Traced via Blockchain

Major Mining Company BHP, Japanese Shipper NYK Deliver Biofuel Traced via Blockchain Multinational metal and oil mining giant BHP has successfully tested blockchainin a conjoint experiment with Japanese shipping company NYK, shipping news magazine Dry Bulk reports Tuesday, Feb. 5. Sustainable biofuel company GoodFuels provided its product for the experiment, while BLOC — a developer of blockchain applications for the maritime industry…

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United States Crypto Platform Huobi.com Launches Fiat-Crypto Trading

United States Crypto Platform Huobi.com Launches Fiat-Crypto Trading Huobi.com, the United States-based partner of Singapore-headquartered crypto exchange Huobi, is launching fiat-crypto trading services, with initial support for three USD-crypto trading pairs. The development was revealed in a press release shared with Cointelegraph on Feb. 5. Huobi.com is operated by HBUS, which launched as a strategic partner of…

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Gold-Backed Cryptocurrency Launched by Iranian Banks: Report

Gold-Backed Cryptocurrency Launched by Iranian Banks: Report A gold-backed cryptocurrency called “PayMon” has reportedly been launched in Iran. According to Financial Tribune, four Iranian banks – Bank Mellat, Bank Melli Iran, Bank Pasargad and Parsian Bank – have partnered with blockchain startup Kuknos Company for the project. Aimed for use in tokenizing the banks’ assets and properties,…

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Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse

Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse Phil Potter, previously an executive at Bitfinex and Tether, and crypto finance firm XBTO are launching what they describe as a clearinghouse for stablecoins. Still in development, the platform – called Stablehouse.io – is aimed to addresses patchy liquidity, stability and accessibility that currently “prevent the stablecoin market from reaching critical…

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Russia to Implement Blockchain Tech in University Exam for Education Quality Control

Russia to Implement Blockchain Tech in University Exam for Education Quality Control The Russian Federal Service for Supervision in the Sphere of Education and Science, (Rosobrnadzor) will implement blockchain technology in the country’s main graduation examination, major Russian news agency TASS reports Feb. 5. Starting this year, Rosobrnadzor intends to implement blockchain technology in the Unified State Exam (USE), which is…

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US Crypto Exchange Coinbase Launches Paypal Withdrawals Support for EU Users

US Crypto Exchange Coinbase Launches Paypal Withdrawals Support for EU Users Major United States crypto exchange and wallet provider Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal. The development was announced in an official blog post published on Feb. 5. As reported, Coinbase had first rolled out PayPal withdrawal support for U.S. users last month. The European extension…

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US Indicts Two More Men on Fraud and Extortion in SIM-Swapping Investigation

US Indicts Two More Men on Fraud and Extortion in SIM-Swapping Investigation United States law enforcement has indicted two more men over alleged SIM-swapping scams involving cryptocurrency. A press release from the Northern District of California Attorney’s Office confirmed the indictment on Feb. 4. Ahmad Wagaafe Hared and Matthew Gene Ditman, who prosecutors accuse of conducting fraud, extortion and identity theft, were released on…

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