BMW to Launch Blockchain Apps to Distribute Rewards to Customers

Cryptocurrency NewsBy 09/10/2020

BMW Korea to Launch Blockchain Bonus Program in South Korea. Users will be rewarded for purchases and will be able to use points to access events and discounts. According to the Korea Herald, the Korean subsidiary of German automaker BMW will soon launch a blockchain-based bonus program in the country. The BMW Vantage Rewards Program will allow customers to accumulate Reward Points and use them to pay for products or receive discounts on services offered…

DAI stablecoin support added to Bitcoin RSK sidechain

Cryptocurrency NewsBy 08/10/2020

The developers of IOV Labs, who launched the RSK Bitcoin sidechain, announced the possibility of using the DAI stablecoin from the Ethereum blockchain. The integration will allow the transfer of DAI coins from Ethereum to the RSK sidechain so that they can be used in the Bitcoin-based decentralized financial ecosystem. For this, a mechanism developed by the RSK Infrastructure Framework (RIF) team is used, which serves as a “bridge” for the transfer of Ethereum-based tokens.…

Chainalysis ranks BitMEX as a high-risk exchange

Cryptocurrency NewsBy 08/10/2020

Due to the allegations made by the US government against the cryptocurrency derivatives exchange BitMEX, the analytical company Chainalysis has ranked it as a high-risk platform. On October 5, Chainalysis contacted its clients, which include government agencies, banks and marketplaces. According to the Chainalysis notice, from October 1, 2020, all trades using this exchange will be considered high risk. Customers using the Chainalysis KYT solution to track suspicious transactions will see alerts in the system.…

Sale of cryptocurrency derivatives to retail investors is prohibited in the UK

Cryptocurrency NewsBy 07/10/2020

The UK Financial Conduct Authority (FCA) has published final rules prohibiting the sale of cryptocurrency derivatives to retail investors. These products are not suitable for retail investors due to the harm they cause, according to a statement on the UK regulator’s website. FCA believes that these products cannot be judged correctly by retail consumers for the following reasons: Inherent properties of underlying assets that do not allow them to be reliably measured The prevalence of…

The new version of the hidden mining program Monero Black-T learned to steal passwords

Cryptocurrency NewsBy 07/10/2020

A new version of the Black-T Monero stealth mining malware can steal sensitive user data and disable other cryptojacking programs. According to a report from cybersecurity firm Unit 42, hackers have updated Black-T, a long-standing malware for stealthy Monero mining, which can now steal user credentials and disable any other mining software on the victim’s computer. Black-T is now capable of detecting sensitive information about a user residing on a computer and sending it to…

Research: 43% of enterprise blockchains are deployed in finance

Cryptocurrency NewsBy 06/10/2020

A Cambridge University report on enterprise blockchains found that 43% of projects in production are carried out in financial companies. The University of Cambridge published the results of the second enterprise blockchain comparative study, which collected data from surveys of more than 200 enterprises, startups, central banks and other public sector institutions in 59 countries from July 2018 to June 2019. One of the sections of the survey was devoted to corporate projects on the…

User lost $ 140,000 in UNI tokens while farming in the UniCats project

Cryptocurrency NewsBy 06/10/2020

One of the users of the fraudulent project UniCats lost $ 140,000 in UNI tokens invested in it for farming. The UniCats developers have implemented a defect in the smart contract to control tokens even after their withdrawal. This was announced by Alex Manuskin, a researcher from the ZenGo cryptocurrency wallet team. To start using the UniCats platform, the user is required to have permission to spend an unlimited number of tokens. Considering that many…

How to buy cryptocurrency correctly and safely? 3 ways

Cryptocurrency NewsBy 05/10/2020

You can buy bitcoin and altcoins through exchangers, on exchanges and from other people, these are the most popular options. We talk about each of them and about the risks that can lead to the loss of all money You can buy cryptocurrency in different ways. Exchanges, exchangers and other services are suitable for these purposes. But the market is changing, new opportunities appear for working with digital assets, and the risky sides of the…

Coinbase will share some customer data with UK Internal Revenue Service

Cryptocurrency NewsBy 05/10/2020

Cryptocurrency exchange Coinbase will provide UK tax authorities with data on its customers who have received over £ 5,000 worth of crypto assets over the past year. According to an email from Coinbase, the exchange will transfer its UK customer data to the UK’s Royal Revenue Service (HMRC). In this case, information will be transferred only about those customers who have purchased or deposited cryptoassets worth more than £ 5,000 (about $ 6,474) into their…

SingularityNET Project Plans To Move From Ethereum To Cardano Blockchain

Cryptocurrency NewsBy 02/10/2020

Ethereum-based SingularityNET AI platform developers are discussing with IOHK the possibility of moving to the Cardano blockchain. SingularityNET allows you to create, host and monetize services using artificial intelligence, while being scalable. In recent months, the load on the Ethereum blockchain has increased dramatically, resulting in higher fees. Therefore, the platform developers are seriously considering moving to the Cardano network. Moreover, according to the creators of SingularityNET, they do not have much confidence in Ethereum…

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