11FS is trying to raise $50 million to create a blockchain fund
According to recent reports, it seems like a new fintech consultancy firm is trying to raise a total of $50 million to invest in blockchain-based startups that strive to …
Category: News
Gatecoin Exchange is Investigating a Possible Hack
Gatecoin, the regulated cryptocurrency exchange is investigating a potential leak of funds in its hotwallet, employees of Gatecoin detected last night what appeared to be suspicious transactions, and decided to …
Russian Finance Ministry Pushes Draconian Digital Currency Draft Bill
Disagreements continue between various branches of the Russian government regarding the criminalization of digital currencies in the country. A new draft bill submitted by Russia’s Finance Ministry – which …
Magic Johnson Exits Square After Less Than A Year
May 13, 2016
News, Technology
Square has become one of the most attractive and affordable credit card payment processors in recent times, and the addition of Magic Johnson to their board was seen as …
Law Enforcement Is Powerless Against The Deep Web
Both ransomware and malware are two significant threats to computer users all over the world these days. Most of the threats originate from the deep web, but Hong Kong …
Dr. Gavin Wood Abruptly Resigns as Curator of the DAO
Dr. Gavin Wood, head of Ethereum-based solutions developer firm Ethcore, has announced his resignation as curator of the Slock.it’s DAO (Decentralized Autonomous Organization). According to Wood’s post, one of …
Smart Contracts May Need To Play By Dumb Rules
Smart contracts seem to become the norm these days, although there is an argument to be made as to how “smart” these contracts truly are. While there is a …
SWIFT Network Abused Again By Internet Criminals
For the second time in a few months, the SWIFT payment network has come under attack from hackers. To make matters even worse, a different bank was involved in …
Trump’s Remittance Wall Idea Will Lead To More Money Smuggling
There has been a lot of talk about Donald Trump’s idea to block all remittance transfers from the US to Mexico shortly. While this makes an excellent case for …