Binance, the world’s largest crypto exchange, continues to prioritize the price growth of its exchange token, Binance Coin (BNB). 8th #Binance Coin Burn: From the Team $ BNB Allocationhttps://t.co/gJrEj4axyc pic.twitter.com/9YfsF5HQP2 — Binance (@binance) July 12, 2019 According to a recent blog post, Binance plans to relinquish the BNB tokens allocated to its core team, which currently […]
SludgeFeed
Amazon’s Child-Sized Robot Will Stalk You Throughout Your Entire House
Bloomberg reported Friday that Amazon is ramping up work on its home robot. The robot initiative is internally code-named “Vesta” after the ancient Roman goddess of hearth and home. That sounds heart-warming. But the prospect of a cold-hearted, all-hearing, all-seeing, Amazon-controlled robot stalking your every move in your own home does not. That’s especially true […]
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John McAfee Exposed His Social Security Number to the Entire Internet
“Cybersecurity expert” and noted crypto pumper John McAfee accidentally revealed his Social Security Number this morning, tweeting out some documents that contained the information. CCN has determined it would be unethical to post a screenshot since the anti-virus pioneer has already deleted the tweets, but we retained the link. McAfee later tweeted the same documents, […]
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Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan
The deputy governor of the Bank of Japan, Masayoshi Amamiya, has warned that the creation of crypto by central banks could have a negative impact on economies, Reuters reports. According to Amamiya, Central Bank Digital Currencies (CBDCs) had the potential to take away the credit channels of commercial banks if they managed to replace private […]
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Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash
Ever since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2011. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms.
Also read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations
Investment Funds Network to Migrate Entire System to Blockchain in 2019
Investment funds transaction network Calastone, a founding member of the Linux Foundation-led Hyperledger Project, is shifting its entire system to the blockchain. The firm, which assists its client sell their funds all over the world via banks and financial advisors, expects to complete the switch to what it is calling the Distributed Market Infrastructure (DMI)
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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto
Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it.
The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.
South Korea to Track Beef Through Entire Supply Chain on a Blockchain
A blockchain technology pilot aimed at tracking beef through the entire food supply chain has been announced in South Korea. The pilot will be jointly undertaken by the Ministry of Science and ICT and the Ministry of Agriculture, Food and Rural Affairs, according to Yonhap News Agency. The launch date has been set for next
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Why Traders Should Chart the Entire Crypto Market Cap
The capitalization of the cryptocurrency market can be charted like any other asset and provides unique insight into the bias of the broader market.
CoinDesk
Cryptojacking Attack Forces Canadian University to Shut Down Entire Network
St. Francis Xavier University in Nova Scotia, Canada has been targeted by cryptocurrency mining malware in a cyberattack that has forced the institution to shut down its entire network for the better part of a week as system administrators struggle to root out the malware. Known as “cryptojacking,” the practice has become recognised as a
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Amazon’s (AMZN) Market Cap Has Lost More Than the Entire Value of the Crypto Market
Amazon (AMZN) has been hit hard in the latest stock market sell-off, dropping nearly 25% from its all-time high of $ 2,050.50. This drop was enough to strip more than $ 250 billion from the market cap of Amazon, more than the entire cryptocurrency market’s capitalization, which currently stands at roughly $ 203 billion. Amazon has now lost about a […]
SludgeFeed
Danske Bank’s $235B Money Laundering Tops Entire Cryptocurrency Market Cap
Danske Bank, the Danish lender at the center of a giant Russian money laundering scandal, illegitimately processed more cash than the entire cryptocurrency market cap combined.
One Bank, $ 235 Billion
The astonishing figure, noted on social media by Morgan Creek Digital founder and partner Anthony Pompliano this weekend, comes as the true extent of the banking sector’s latest revelation remains unknown.
Danske laundered a reported $ 235 billion through just one of its branches in Estonia over an eight-year period, according to claims.
‘They’re Killing an Entire Industry’ — Chilean Banks Close Cryptocurrency Accounts
Banks in Chile have closed the accounts for three of the country’s cryptocurrency trading platforms, sparking fears of an outright blanket ban in South America’s wealthiest nation.
Chilean Banks Put Cryptocurrency on Ice
Cryptocurrency exchanges Buda, Orionx, and CryptoMarket have filed appeals to a Chilean appeals court following the unexpected closure of their bank accounts from Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco del Estado de Chile. The appeals court has agreed to hear the exchanges’ cases.
The move from the three Chilean banks reflects what appears to be an overarching blanket ban on cryptocurrency exchange accounts in South America’s wealthiest country.