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CipherTrace Reveals $1.4 Billion Worth of Crypto Assets Stolen in the First Five Months of 2020

CipherTrace Reveals $1.4 Billion Worth of Crypto Assets Stolen in the First Five Months of 2020

Digital currency tracker CipherTrace has declared the valuation of cryptocurrency-related frauds in the first 5 months of 2020 to be $1.4 billion. This figure can spark insecurity among crypto investors but paying attention to security models can prevent such losses in the future. Several businesses particularly those geared towards blockchain technology experienced quantifiable economic downturns. Some of these downturns are just coming to limelight with the CipherTrace reports released on June 2.

Bank of France Tests Out Potential Central Bank Digital Currency by Launching Experiment Program

Bank of France Tests Out Potential Central Bank Digital Currency by Launching Experiment Program

The Bank of France (Banque de France) is launching a program of experiments testing out a potential central bank digital currency (CBDC) aimed for interbank settlements. Potential participants are being invited to submit their applications, as the Bank of France is calling for applications to experiment with the use of a digital euro.

IBM Takes Majority Control of Hyperledger Blockchain Steering Board

IBM Takes Majority Control of Hyperledger Blockchain Steering Board

IBM has doubled the number of its employees on the technical steering committee (TSC) of Hyperledger according to an announcement by the TSC last week. IBM now holds six out of the eleven committee seats which has raised concerns about the tech giant’s new found influence on the enterprise blockchain consortium.

Financial Stability on The Brink of Instability Due to Bigtech Companies

Financial Stability on The Brink of Instability Due to Bigtech Companies

FSB Worries that the development of BigTech Companies and their growing user community may cause the disintegration of banks amongst other mainstream financial systems.

WallStreetBets and Telegram Group Plan Coordinated Buying Attack on Ripple's XRP For February

WallStreetBets and Telegram Group Plan Coordinated Buying Attack on Ripple's XRP For February

WallStreetBets (WSB) along with a Telegram group are apparently planning a new coordinated attack on XRP which is set to be executed around 8:20EST.

Walmart Files Patent Introducing Its Own Digital Currency

Walmart Files Patent Introducing Its Own Digital Currency

Walmart has filed a cryptocurrency patent to develop its own U.S dollar-backed digital currency similar to Facebook’s Libra.

White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

Cryptocurrencies, and other technological advancements, projected as a threat to the international financial marketplace, the department believes has contributed to more groups of criminal organizations and more links between financial and electronic crimes combined.

Members of Congress Start Blockchain Education with $50 Dollar Bitcoin Donation

Members of Congress Start Blockchain Education with $50 Dollar Bitcoin Donation

Members of the United States Congress will receive a $50 campaign contribution in Bitcoin today to educate lawmakers on the potential of blockchain technology.

Women Taking on the Mantle of Leadership in Blockchain and Crypto Law

Women Taking on the Mantle of Leadership in Blockchain and Crypto Law

Women cryptocurrency and blockchain lawyers are taking the helm in several major law firms as they are leading blockchain practice groups in at least a half-dozen reputable law firms, such as McDermott Will & Emery, Morrison & Foerster, and Goodwin Procter.

Hacking 101: Security of Bitcoin Wallets, From a Hacker's Point of View

Hacking 101: Security of Bitcoin Wallets, From a Hacker's Point of View

The safety of crypto wallets was recently questioned, after an incident where a Bitcoin address was successfully hacked.

New Ride-Hailing App to Transform Payments by Offering Blockchain Direct Transactions

New Ride-Hailing App to Transform Payments by Offering Blockchain Direct Transactions

Bayride has revealed RideNode, a new transportation virtual and blockchain currency that seeks to transform the payment structures in this sector. America’s ride-hailing industry is touted to be revolutionized because RideNode will offer direct transactions between the service provider and consumers.

Bitfinex CTO: Keeping Crypto Safe with State-of-the-Art Cyber Security

Bitfinex CTO: Keeping Crypto Safe with State-of-the-Art Cyber Security

Paolo Ardoino, the CTO of Bitfinex and Tether tells us why safety and security should always be a top priority for crypto exchanges.

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