Author: Steve Kaaru

Hackers In Turkey Steal $2.5M While Chatting Through An Online Game

Hackers in Turkey made away with $2.47 million worth of cryptocurrencies. And while this may not be the biggest hack in the recent past, this one was quite unique. The hackers used an online game chatting platform to communicate. As reported by a local media outlet, the crypto exchange detected the intrusion and immediately alerted the police. The police swung into action right away, stopping the attack. However, the hackers had …
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Did JP Morgan Miss The Point Of Cryptos, and What Effect Will JPM Coin Have?

It’s only February and already, we’ve had one of the biggest announcements in the crypto industry. JP Morgan announced yesterday that it had successfully trialed the JPM Coin. It will use it for its $6 trillion wholesale payments business as well as securities transactions. In doing so, it became the first bank in the U.S to have its own cryptocurrency. Unsurprisingly, the industry is already racking its brains pondering the …
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Ripple Announces $50M University Blockchain Research Initiative

Ripple has announced that it’s partnering with 17 global universities to support research and development of blockchain technology. In a blog post published yesterday, the company hailed universities as “major contributors to the creation of a more robust and valuable blockchain and payments ecosystem.” Dubbed the University Blockchain Research Initiative, it involves universities from Asia, South America, the US, and Europe, and will see Ripple commit over $50 million in funding …
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Binance and Huobi Launch Startup Funds

The third-largest cryptocurrency exchange by daily trading volume, Huobi, has launched an investment fund that will invest in blockchain companies. According to China Money Network, the fund will be a partnership between the Singapore-headquartered exchange and two other firms, and seeks to raise 100 billion Korean won (US$93 million). The announcement comes just days after another leading crypto exchange, Binance, announced a similar move. Fostering The Blockchain Startup Ecosystem Huobi’s investment …
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