Sberbank, NSD and MTS close deal on commercial bond issue using blockchain

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Sberbank blockchain

Sberbank, the National Settlement Depository (NSD) and MTS have summed up results of the deal to issue commercial bonds using blockchain. The nominal cost of MTS’s RUB 750 mln commercial bonds, organised and purchased by the corporate and investment banking business of Sberbank, was redeemed. A security deal using smart contracts – from issue to full execution of issuer’s obligations to the investor – was successfully carried out. Commercial bonds are privately-traded unsecured fixed income securities that are placed on the OTC market through a private subscription. Prior to the…

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Vulnerability on Ethereum enables malicious GAS Minting

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GasToken

A newly discovered vulnerability on Ethereum allowing for malicious GasToken Minting was found. The development team already acknowledged the issue and informed most of the affected users on November 13, 2018, via private disclosure. The Attack Crypto exchanges usually allow the withdrawal of Ethereum to arbitrary addresses with no gas usage limit; since this executes a fall back function, attackers can use this to make exchanges pay for arbitrary computation, allowing them to force exchanges to burn their own Ethereum on high transaction costs. Moreover, this even gives attackers the…

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Bitfury partners with Russian Economics University to establish Blockchain Accelerator

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Bitfury blockchain

Multisectoral blockchain company Bitfury has partnered with the Plekhanov Russian University of Economics to create an accelerator for blockchain projects, Russian crypto news outlet Forklog reports Nov. 21. In addition to supporting the development of blockchain projects, the university will provide courses and additional education dedicated to “training specialists who are able to create innovative projects using digital technologies in a short time.” This will enable specialists to “bring [the projects] to market amid the new industrial revolution,” Dmitry Ufaev, the head of Bitfury Russia, told Forklog. According to Forklog,…

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Crypto-miner steals your password and disables antivirus

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Linux.BtcMine.174

Malware targeting Linux users may not be as widespread as the strains targeting the Windows ecosystem, but Linux malware is becoming just as complex and multi-functional as time passes by. The latest example of this trend is a new trojan discovered this month by Russian antivirus maker Dr.Web. This new malware strain doesn’t have a distinctive name, yet, being only tracked under its generic detection name of Linux.BtcMine.174. But despite the generic name, the trojan is a little bit more complex than most Linux malware, mainly because of the plethora…

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German Federal Economic Ministry Wants to Combat Tax Fraud with Blockchain

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The German Federal Ministry for Economic Affairs and Energy (BMWi)

The German Federal Ministry for Economic Affairs and Energy (BMWi) is planning to fight tax evasion schemes by using blockchain, German business news outlet WirtschaftsWoche reported Nov. 22. Following the major European tax fraud scheme CumEx-Files, the BMWi has suggested that distributed ledger technology (DLT) is capable of making the tax system more efficient in terms of fraud prevention. Discovered in 2017, the CumEx-Files was a tax fraud scheme that reportedly was used by a network of banks, stock traders and top lawyers to obtain billions from European treasuries through…

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Tezos Korea Foundation joins forces with Yonsei University to promote Blockchain

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Tezos Korea Foundation

The South Korean arm of the Tezos Foundation has signed a Memorandum of Understanding (MoU) with Yonsei University for the development of unique talents and expertise in blockchain technology, according to a press release published by Tezos. The release reads: “Through this agreement, both sides will strengthen the expertise of the blockchain and education expertise, and discuss various cooperation opportunities to lead the blockchain field.” The new agreement, which is between the Seoul-based Digital Society Research Center at Yonsei University and the Tezos Korea Foundation, will look into providing “blockchain…

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Crypto market loses $6 billion as Bitcoin price retreats to $4,100

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Bitcoin trading price

In the last 24 hours, more than $6 billion was wiped out of the cryptocurrency market as Bitcoin (BTC), the most dominant cryptocurrency in the market, recorded a loss of 8.6 percent from $4,500 to $4,110. On fiat-to-cryptocurrency exchanges like Coinbase, Kraken, and Bitstamp, the price of BTC reached a new weekly low at around $4,118. Bitcoin has since recovered to $4,291, but on a weekly basis, BTC remains 21.65 percent down against the US dollar. Similar to Bitcoin’s strength at $6,000 from August to November, despite experiencing an intense…

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Bitcoin plunges below $6,000 to lowest level in more than a year

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Bitcoin price

Its price plummeted more than 10% on Wednesday, hitting its lowest level in more than a year. It’s now trading below $6,000, far from the heights it reached during its meteoric rise at the end of 2017. After nearly touching $20,000 in December 2017, bitcoin’s value nosedived in volatile trading over the months that followed. But it has enjoyed a period of relative stability since early September, hovering between $6,000 and $7,000. Wednesday’s drop is a sharp reminder that cryptocurrencies are still an extremely volatile investment. While some people have…

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Google hacked to promote Bitcoin scam on Twitter

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Google hacked

In the latest in a string of cryptocurrency-related hackings on Twitter, attackers have breached an official Google account to promote a Bitcoin giveaway scam to its over 800,000 followers. The official G Suite Twitter account just blasted the following message to hundreds of thousands of users: Hard Fork has yet to confirm for how long the tweet remained on G Suite’s feed, but it was no less than 11 minutes (as you can notie on the screenshot. (Update 19:52 UTC, November 13: Ernst Mulders, who provided the screenshot above, told…

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Swiss report shows trojan malware attacking crypto exchanges

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Trojan Dridex malware

A Swiss report has unearthed that a virus that mines Monero is responsible for one of the largest attacks on the Swiss crypto industry this year. Trojan malware that was once used for hacking into large-scale banks is now being used to attack crypto-asset exchanges. Swiss Researchers Uncover Cybersecurity Threat The news of the computer virus attacking Swiss crypto exchanges comes from Switzerland’s Reporting and Analysis Centre for Information Assurance (MELANI). Malware has long been used by cyber-criminals to break into major banking systems but has now evolved to attack…

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Bitcoin Cash [BCH] miner process largest block ever on a public blockchain

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Block #556034

The renowned blockchain technology research, analysis, and development firm, nChain Group’s mining pool BMG Pool is making the headlines now. The mining pool is shattering many records. The mining pool mined over 32 MB block on the Bitcoin Cash [BCH] network. The largest block ever mined first stood at the height 556034 on the Bitcoin Cash [BCH] chain. Furthermore, the miner processed over 166K transactions. The miner went onto process four more such 32 MB blocks on the blockchain network. Moreover, this resulted in the confirmation of over 166K transactions…

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Crypto mining giant BitFury raises $80 million in private placement

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BITFURY crypto world network news

BitFury, a crypto mining company, has announced the closing of a private placement investment of $80 million, bringing the total funds raised by the firm to $170 million since its Series A round in 2014. The round, according to an official press release, was led by a Paris-based venture capital firm Korelya Capital. Mike Novogratz’s Galaxy Digital, Macquarie Capital, Dentsu Inc., Armat Group and others also participated in the Series C funding round for the San Francisco crypto company. Greg Revenu, Managing Partner of Bryan, Garnier & Co, a Europe-based…

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$62 Million in Litecoin (LTC) Was Just Sent for $0.50

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crypto world network news Litecoin

More than 1 million LTC was recently processed for a fraction of a dollar. An anonymous Litecoin (LTC) holder has reportedly transferred a whopping $62 million in LTC for only $0.50, a feat that underlines the true value of digital currency transactions. According to a recent report by Litecoin.com, the transaction was made with 1,159,005.9 and looks to be a consolidation of funds from legacy addresses to a new multi-signature address for better security. Source: sludgefeed.com The 1M+ Litecoin Transaction valued at $62M sent for just 50¢ #Litecoin #Bitcoinhttps://t.co/UrQ6LyGJeg —…

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Binance crypto exchange launches its analysis wing Binance Research

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LOOM NETWORK (LOOM)

The most renowned and world’s largest crypto exchange by trading volume, Binance is launching its own analysis and research division. Binance is calling this new analysis wing as Binance Research. Moreover, the research division will focus on creating industry grade analysis reports. The crypto exchange launched the platform on November 8, 2018, for industry analysis. The crypto exchange made the announcement through their official Twitter handle. Furthermore, they also announced it on their official blog about this. The crypto exchange is calling the new firm, an analysis division to the…

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Spanish bank BBVA issues $150M loan using Ethereum

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Etherchain - The Ethereum Blockchain Explorer

BBVA, the 35 billion euro bank from Spain, has officially issued a loan using the Ethereum blockchain. In a test of their pilot loan program, BBVA teamed up with MUFG and BNP Paribas to lend funds to Spain’s national electric company, Red Electrica. Spanish bank BBVA has officially issued a loan via the Ethereum blockchain. As reported by Finance Magnates, BBVA, Spain’s second-largest bank, is working on a pilot program that will issue loans using Ethereum (ETH). In the recently issued loan, Spain’s national electricity company, Red Electrica, received funding…

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