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As 2018 is getting close to its end, a lot of crypto investors are turning their gaze towards the future. Considering the crypto bearish trend that has dominated this entire year, not to mention two big market crashes, it is of no surprise that everyone is more than ready to leave these harsh events behind. […] The post Why 2019 Will Be A Big Year For Crypto appeared first on Global Coin Report.
Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria, has closed a €150 million loan using blockchain with Porsche Holdings, the largest car distributor in Europe
Bitcoin price remained in a downtrend below $3,390 and declined below $3,300 against the US Dollar. BTC/USD could accelerate losses towards $3,120 or $3,020. Important [...] The post Bitcoin Price Analysis: BTC Could Side To $3,120 or $3,020 appeared first on Coingape.
For a cryptocurrency project, getting their coin to Coinbase is one of their biggest goals. However, the popular exchange has become infamous over the years for only accepting a handful of top-ranking coins, while other ones were deemed unsafe for listing for various reasons. In the first half of 2018, however, Coinbase decided to distance […] The post Why Is Coinbase Stalling With XRP? appeared first on Global Coin Report.
Earlier this week 25 board members found out that Gottfried Leibbrandt, the CEO of SWIFT (Society for Worldwide Interbank Financial Telecommunication) wanted to step down from his position by June 2019. With Leibbrandt leaving the firm, this will mark a seven-year term in the position as the Chief executive Officer of the global financial services provider after he joined the company back in 2012. Leibbrandt went on to sum up his experience at SWIFT by saying, “Swift is in very different shape than it was seven years ago. There’s always going to be a time to hand over the reins and write a new chapter. I think this is indeed the right time.” Over the past few years, there has been plenty of startups in the fintech sector which have tackled cross-border payments by using blockchain technology and digital currencies. One firm is one that was founded in 2012, Ripple Labs for the development of their payment protocols which the company is known for. Over the years, the firm went on to provide several payment services for global banks and financial institutions including RippleNet, xRapid, xCurrent and xVia. These services provide more efficient options for cross-border transfers which aren’t just cheaper but quicker too. It's worth noting that the services are much more secure than the other available options on SWIFT. The need for the SWIFT system to be more secure got more serious after hackers ran away with $81 million in 2016. They did this after they sent false instructions through SWIFT to a Federal Reserve Bank in New York. The theft involved the hackers to request the bank to send funds owned by the Bangladesh Central Bank to their accounts located somewhere in the Philippines. As reported by Ethereum World News: “The criminals had sent out a total of 35 fraudulent transfer instructions but only 5 went through until a spelling mistake raised some eyebrows at the Federal Bank in New York. Most of the money transferred went to four personal accounts held by single individuals. Mr. Leibbrandt reacted to the cyber heist by hiring several developers and kick starting a modernization program at SWIFT.” One result of modernisation efforts was the new SWIFT global payments innovation system (gpi) which was developed on the SWIFT platform. This was to make sure that the payments through the platform were trackable and quick. As explained by the team behind SWIFT, “the Tracker database, in the Cloud but securely hosted at SWIFT, gives end-to-end visibility on the status of a payment transaction from when it is sent and until it is confirmed.SWIFT gpi banks can log in to the Tracker to check the status of the payments they have sent, those in progress and those that have been received.” What are your thoughts? Let us know what you think down below in the comments!
Last week I replied to what was a rather ridiculous LinkedIn post about the Bitcoin market, with a well-reasoned response against the…Continue reading on Sea Foam Media »
Tron network seems to be getting all the advantages from the bear market. While other digital platforms are still nursing their wounds from the seeming recession in the crypto market, the network is bagging so many achievements. Tron CEO tweeted to count all the recent accomplishments of the digital platform. ”TRON breaks two records today! […] The post TRX Breaks New Records, 2.5 MM Txs Per Day, 32,284 Daily Increase in Addresses and More Developers From EOS and ETH Migrating to Tron appeared first on ZyCrypto.
Scammers are becoming more and more resourceful in making up new ways of obtaining cryptocurrency, in particular Bitcoin. This scheme is quite simple: the criminal sends an email where it is pointed out that if a victim does not send $20,000 in Bitcoin within a specified time period, then the former denotes a bomb inside the building where the victim’s company is. The culprit also sends the Bitcoin addresses, in the following email, such an address does not exist. It is just impossible not to respond to such threats due to some moments in history, so the whole offices are now being evacuated as this scam spreads. Here you can see the full text of the email: “My man carried a bomb (Hexogen) into the building where your company is located. It is constructed under my direction. It can be hidden anywhere because of its small size, it is not able to damage the supporting building structure, but in the case of its detonation you will get many victims. My mercenary keeps the building under the control. If he notices any unusual behavior or emergency he will blow up the bomb. I can withdraw my mercenary if you pay. You pay me 20.000 $ in Bitcoin and the bomb will not explode, but don’t try to cheat -I warrant you that I will withdraw my mercenary only after 3 confirmations in blockchain network. Here is my Bitcoin address : 1GHKDgQX7hqTM7mMmiiUvgihGMHtvNJqTv You have to solve problems with the transfer by the end of the workday. If you are late with the money explosive will explode. This is just a business, if you don’t send me the money and the explosive device detonates, other commercial enterprises will transfer me more money, because this isnt a one-time action. I wont visit this email. I check my Bitcoin wallet every 35 min and after seeing the money I will order my recruited person to get away. If the explosive device explodes and the authorities notice this letter: We are not terrorists and dont assume any responsibility for explosions in other buildings.” The New York Police Department (NYPD) reacted to such emails and made an official statement on Twitter, stating that such threats are considered to be “not credible”: At this time, it appears that these threats are meant to cause disruption and/or obtain money. We’ll respond to each call regarding these emails to conduct a search but we wanted to share this information so the credibility of these threats can be assessed as likely NOT CREDIBLE. — NYPD NEWS (@NYPDnews) December 13, 2018 The FBI has also tweeted calling for public’s vigilance: FBI: “We are aware of the recent bomb threats made in cities around the country … As always, we encourage the public to remain vigilant and to promptly report suspicious activities which could represent a threat to public safety.” — NBC News (@NBCNews) December 13, 2018 Our editorial board strongly urges not to believe such threats in order not to become a victim of the heinous scams. If you are hesitating if this email is real or not, please, call the police. We remind you The Most High-Profile Scam Projects of 2018 Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/
Latest Tron News Most intriguing about Tron as a project is their multi-faced, multilateral approach. While they strive to make the world a better place via blockchain, they are also caught up in a race for supremacy. On one hand, they are more dominant Ethereum which despite market downturns continues to draw developers who prefer […]
Latest Bitcoin Cash News Pretty much everything depends on the performance of Bitcoin. Unless there is coin specific news like an unlikely ABC—SV truce is announced and BTC prices continue to plummet below $3,000, the effect will be felt across the board. The reverberation will be so strong that we might see SV—ABC flip and […]
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