What is 51% Attack in Cryptocurrency  A simple to understand guide - CryptoMeNow What is 51% Attack in Cryptocurrency A simple to understand guide - CryptoMeNow
Over the past few days, news has filtered out regarding a 51% attack on Ethereum Classic (ETC). Scammers managed to manipulate a security flaw inherent in all Proof of Work (PoW) coins. Let's discuss how this happened, and what it means as far as your investment decisions are concerned. ETC is the 18th largest cryptocurrency in terms of market cap, and one of the largest PoW currencies out there, with notable backers in Digital Currency Group (DCG) and IOHK. Even so, regardless of these credentials, ETC, like all PoW currencies, fell foul to a 51% attack due to inherent flaws in the PoW mining process. This entry was discovered by us on 2019-01-16 20:41:58. Share this content on social media: Browse cryptomenow.com for complete listings from this source.   Log In to Comment

Huobi adds another banking veteran to their team as Chief Compliance Officer - CryptoMeNow Huobi adds another banking veteran to their team as Chief Compliance Officer - CryptoMeNow
Huobi, of the top-five largest crypto exchanges in the world, announced recently that the company is bringing on another banking veteran to join their team as the Chief Compliance Office. The role will be filled byElaine Sun Ye Lin,who had previously headed the compliance department of the State Street bank branch in China. This is yet another case of top bank workers migrating to the cryptocurrency sphere. Huobi believes that in the current conditions when global regulators are taking a closer look at companies in the crypto sphere all over the world, Sun's experience and skills will be valuable for negotiating with various government organizations in the countries where Huobi has its offices. This fact was confirmed by the Huobi Group HR director, Fu Liting. This item was first found by us on 2019-01-16 19:38:21. Share this content on social media: Related crypto assets may include ERA, KIN. See cryptomenow.com for additional posts.   Log In to Comment

Authenteq raises $5 Million in funding for their blockchain ID verification platform Authenteq raises $5 Million in funding for their blockchain ID verification platform
Blockchain digital identity startup, Authenteq, raises $5 Million to fund its identity verification solution. Authenteq is a creator of Trolteq, a blockchain identity verification technology, based in Reykjavik and Berlin. The Blockchain technology protects users privacy while verifying their identity without entering any data. Draper Associates led the funding for the Iceland based company, completing the funding rounds in just 2 weeks. Kari Thor Runarsson, CEO of Authenteq, also reveals that the company is preparing for a second round of Series A financing for additional investors shortly. The reason we decided to do two closings is we were introduced to an investor (Capital300) with a startup mindset of getting things done and felt it was a great challenge to try to finish all due diligence and paperwork in two weeks after the term sheet was approved. It was sort of a field test for us to see if they really were as agile and dynamic as they claimed to be during our discussions. We were honestly surprised how smoothly it went, despite a very thorough due diligence and legal process. This information was first found by us on 2019-01-16 03:26:40. Share this content on social media: These assets may interest you ION. Have a look at cryptomenow.com for more from this source.   Log In to Comment

BitMEX Ditches US and Quebec Clients Citing Regulatory Pressure - CryptoMeNow BitMEX Ditches US and Quebec Clients Citing Regulatory Pressure - CryptoMeNow
HongKong based cryptocurrency exchange BitMEX remains on its path of closing accounts of clients based in the US and Quebec, due to increasing regulatory pressures. A notice that can be found on the BitMEx website states that the exchange will take action against those who violate their terms of service. BitMEX reserves the right to immediately close the accounts and to liquidate the open positions of persons determined to have breached our Terms of Service. Anyone who utilizes VPNs to circumvent these restrictions risk having their accounts closed once BitMEX manages to determine their actual location. Even users who are placed under suspicion of living in one of its restricted areas may have their accounts shut down. This share was obtained by us on 2019-01-16 00:56:10. Share this content on social media: You may be interested in these cryptocurrencies : MEX. Have a look at cryptomenow.com for additional posts.   Log In to Comment

Ripple isn't slowing down, adds four more partnerships to its lineup - CryptoMeNow Ripple isn't slowing down, adds four more partnerships to its lineup - CryptoMeNow
Over the last few months, Ripple (XRP) has secured several important partnerships. Euro Eximbank is one of the Ripples new partners. As reported yesterday, the bank will be the world's first registered bank to use xRapid for cross-border payments. Speaking to Fortune in an interview, Ripple CEO Brad Garlinghouse said: This is consistent with Ripple's vision of XRP as a fast and inexpensive source of liquidity for cross-border transactions. Instead of banks having to maintain foreign bank accounts, the idea is for them to buy XRP with dollars or euros and rely on local market makers to exchange XRP into local currencies. This posting was found by us on 2019-01-16 00:54:29. Share this content on social media: Related crypto assets include XRP, CHX. Visit cryptomenow.com for more.   Log In to Comment

A new cryptojacking tactic that involves Wikipedia and downloaded movie files has been discovered - CryptoMeNow A new cryptojacking tactic that involves Wikipedia and downloaded movie files has been discovered - CryptoMeNow
A new method ofcryptojacking has been discovered. This new tactic involves using a downloadable movie file as bait, then cryptocurrencies are being mined in the background without you knowing. In addition, the virus also attempts to steal cryptocurrency through Wikipedia donations according to security researcher @0xffff08000?. A few days back we published an article, New research shows that Cryptojacking is responsible for more than 4% of Moneros supply In that article, we briefly went over the process of cryptojacking and how it works. To keep it real short, hackers installsa malware on your computer that secretly mines cryptocurrency. This entry was retrieved by us on 2019-01-16 00:34:18. Share this content on social media: These assets may interest you KIN, CHX. See cryptomenow.com for additional posts.   Log In to Comment

HSBC Completes $250bn FX Trades Using Blockchain Technology - CryptoMeNow HSBC Completes $250bn FX Trades Using Blockchain Technology - CryptoMeNow
Banking giant HSBC has recently used blockchain technology in order to settle a $250 billion of foreign exchange trades during 2018. By utilizing their own private blockchain platform known as FX Everywhere, HSBC processed over three million transactions, totaling an estimated amount of 150,000 payments, according to information provided by the Financial Times. As global head of currencies, Richard Bibbey commented that blockchain technology has allowed HSBC too, conduct thousands of foreign exchange transactions within the bank, across multiple balance sheets, in dozens of countries. FX Everywhere uses distributed ledger technology to drastically increase the efficiency of these internal flows. This piece was obtained by us on 2019-01-15 22:15:11. Share this content on social media: See cryptomenow.com to find more similar content.   Log In to Comment

A quick overview of the current state of Blockchain As A Service (BAAS) - CryptoMeNow A quick overview of the current state of Blockchain As A Service (BAAS) - CryptoMeNow
Blockchain as a Service (BaaS) is an offering that allows customers to leverage cloud-based solutions to build, host and use their own blockchain apps, smart contracts and functions on the blockchain while the cloud-based service provider manages all the necessary tasks and activities to keep the infrastructure agile and operational. It's an important concept and plays a big role in the development of future blockchain products. As of today, we're seeing more and more enterprise and Fortune 500 companies building solutions for enterprise-level blockchain. This ranges from consulting companies to Fortune 500 companies like Microsoft. This information was found by us on 2019-01-15 08:09:46. Share this content on social media: These assets may interest you VIEW. Browse cryptomenow.com for more.   Log In to Comment

Crypto Exchanges Invest Massively on Educating Regulators, Will it Work Crypto Exchanges Invest Massively on Educating Regulators, Will it Work
Both Circle and Gemini, two strictly regulated crypto exchanges and institutional-grade product operators in the U.S., hosted Ask Me Anything (AMA) sessions on Reddit this week. One common theme in both AMA sessions was the focus on tightly working with regulators and educating lawmakers, investing a lot of resources in an attempt to improve the regulatory environment surrounding cryptocurrencies. But, based on the progress the U.S. government has shown in the past several years in regulating cryptocurrencies, have the efforts of major cryptocurrency exchanges in the likes of Gemini, Coinbase, and circle been paying off This share was obtained by us on 2019-01-15 03:26:34. Share this content on social media: You may be interested in these cryptocurrencies : XCG, CAG. See cryptomenow.com for more.   Log In to Comment

The most straight forward guide to Energi ($NRG) in cryptocurrency - CryptoMeNow The most straight forward guide to Energi ($NRG) in cryptocurrency - CryptoMeNow
Energi (NRG) is a low cap altcoin that started in late 2017. Its slogan is cryptocurrency for world adoption?, which off the bat, establishes itself as a currency to be used for daily transactions. So, what separates it from the thousands of other offerings Let's talk about it. Energi is actually a highly modified fork of Dash, which itself is a fork of Bitcoin. And just like Dash, Energi also has privacy features, as well as better scalability and lower fees than Bitcoin, not forgetting the ability to make instant payments. Like others, Dash is a mineable coin, however, during its inception, Dash innovated a treasury feature. This means that 10% of every Dash coin mined is allocated into a fund. This is held to cover all future expenses that will further the goals of Dash, this includes things like paying for programme development and community meetups. This item was first seen by us on 2019-01-14 08:56:10. Share this content on social media: Related assets may include OST, NRG. Check out cryptomenow.com for more.   Log In to Comment


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