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Breach Leaves 450,000 Users of Cryptocurrency Exchange Coinmama Vulnerable

Breach Leaves 450,000 Users of Cryptocurrency Exchange Coinmama Vulnerable

A large scale hack affecting 30 companies and a breach of 841 million records inclusive of 450,000 records from cryptocurrency brokerage firm Coinmama were posted on a dark web registry, in a security report on its blog last Friday. The hacker had reportedly published the hacked users’ data from the previous heist on the dark web’s marketplace and had eight …


Blockchain To Bring Transparency and Wealth to Coffee Farmers in Ethiopia

Blockchain To Bring Transparency and Wealth to Coffee Farmers in Ethiopia (1)

Reuters reported earlier today on the initiative of a roastery in Ethiopia under the brand Moyee to use blockchain in supply chain management and improve coffee farmers’ incentive. Most coffee exporters process the beans elsewhere and among other things, price fluctuations make the business an uphill battle for farmers. Despite the business being a very lucrative one, most farmers in …


Argentina Goes With Bitcoin to Settle Export Deal

Argentina Goes With Bitcoin to Settle Export Deal

Argentina has made history by recently completing an export deal with South American neighbor Paraguay using Bitcoin as payment. The export of pesticides and fumigation products has set an example for others in the region, showing that cryptocurrency has the potential to act as a credible form of payment at the international trade level as well as between individual users. …


Istanbul Cryptocurrency Firm Loses $2.47 Million, Hackers In Custody

An undisclosed cryptocurrency exchange in Istanbul, Turkey was hacked this week of a reported USD 2.47 million. The company was attacked by a group which has now been detained by Turkish authorities after a nationwide investigation across 8 provinces, and so far has only recovered USD 256,000 of the stolen funds. The exchange alerted the authorities at the time, reporting …


Ripple’s Brad Garlinghouse Slates JPMorgan’s JPM Coin as Lacking Innovation

Wall Street banking giant JPMorgan’s announcement of its new stable coin JPM Coin, has Ripple’s boss Brad Garlinghouse criticizing its “closed network” lack of innovation. JPMorgan says it sees potential in using digital coins to reduce risk and enable instant transfers, despite JPMorgan’s chief executive Jamie Dimon criticizing Bitcoin since it emerged as the industry’s flagship cryptocurrency. The bank says …


13% of Online Shoppers Going Crypto With 700% Growth since 2013

A recent survey has pointed to the increase in online shoppers using cryptocurrency for electronic payments, reporting growth of 700% since 2013. According to Kaspersky Labs, 13% of shoppers have used cryptocurrency for making payments online, their recent survey of 12,000 customers in 22 different countries has shown, and the trend is clearly upwards. Kaspersky commented: “The majority of retailers …


JPMorgan Introduces Its Own Digital Coin With Institutions in Mind

Major US-based multinational investment bank JPMorgan announced yesterday that it has launched a digital coin that will be backed by the US dollar. A major breakthrough for cryptocurrencies which had for a long time been blighted in some circles as being untrustworthy, or so would some think. As a matter of fact, JPMorgan was among those in 2017 who ridiculed …


Miners Concerned Over Russia’s Planned Internet Shutdown Test

There are growing concerns is Russia’s cryptocurrency community that the cyberwar internet shutdown tests scheduled to take place before 1 April could impact Bitcoin mining. The Digital Economy National Program, a new law recently drafted, will require Russian ISPs to be able to operate if the country is isolated online and as such the government is planning to monitor its effectiveness …


Virginia Police Retirement Fund Sets Sights on Bitcoin with $11 Million Investment

Part of a police retirement fund in Fairfax County Virginia is to be invested in the cryptocurrency industry as part of a plan to allocate money towards safe investments. The allocation of retirement funds will be invested through Morgan Creek who will use the fund to invest in companies such as Coinbase and Bakkt, among others. Morgan Creek, which invests …


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