Chinese ASIC maker seeks $1 billion in IPO

CRYPTO WORLD
Canaan Creative

Canaan Creative, the second-largest ASIC manufacturer, seeks $1 billion in funding through the largest crypto IPO and the first in Hong Kong Canaan Creative, the biggest Bitcoin mining equipment manufacturer after Bitmain, filed for a public offering in Hong Kong on Tuesday. The company, which controls 15% of the ASICs market, is seeking $1 billion in fundraising after a productive year that had it making revenues of over $200 million. This would be the first time a cryptocurrency-related venture has filed for an IPO in Hong Kong, and the biggest…

Read More

World’s first blockchain-powered trade finance transaction

CRYPTO WORLD
blockchain ING HBSC

Banking giants HSBC and ING have successfully completed a trade finance transaction by using blockchain technology. The platform is ready for commercial deployment, according to HSBC. HSBC Holdings announced on Monday it had successfully carried out the world’s first trade finance transaction via distributed ledger technology (DLT), or what is more popularly known as blockchain. The London-based banking giant and Dutch peer ING acted on behalf of US agribusiness conglomerate Cargill. The banks hope that DLT will minimize fraud risks in letters of credit and reduce the number of steps…

Read More

100,000 users infected again with malicious Chrome extensions

CRYPTO WORLD
chrome extensions

Criminals infected more than 100,000 computers with browser extensions that stole login credentials, surreptitiously mined cryptocurrencies, and engaged in click fraud. The malicious extensions were hosted in Google’s official Chrome Web Store. Over two months, seven extensions stole credentials and installed currency miners. The scam was active since at least March with seven malicious extensions known so far, researchers with security firm Radware reported Thursday. Google’s security team removed five of the extensions on its own and removed two more after Radware reported them. In all, the malicious add-ons infected…

Read More

KodakOne: Blockchain and web crawlers used to spot stolen images

CRYPTO WORLD
KODAKone

Kodak is working to help photographers fight image theft using a blockchain and cryptocurrency. After announcing KodakOne during the 2018 Consumer Electronics Show, owner of the image rights management platform Wenn Digital has now achieved funding for KodakCoin. KodakCoin will launch on May 21, followed by the KodakOne platform sometime during late 2018. KodakOne uses the idea of a blockchain — protecting data through a large network of computers — and applies the concept to managing photo rights. The company calls it an “encrypted digital ledger of rights ownership for…

Read More

7% of Bitcoin’s held in cold storage vaults by one company

CRYPTO WORLD
Xapo vault

Bitcoin storage provider Xapo now holds about 7% of the world’s total Bitcoin supply in its vaults, “roughly” amounting to $10 bln, Bloomberg reports May 9 quoting unnamed sources. According to two clients, the wallet and cold storage provider currently looks after an estimated $10 bln in the cryptocurrency. A further source “close to” the vaults, which now encompass five continents, called the figure an “accurate approximation.” Xapo has only been on the market since 2014, making headlines when it converted a Swiss bunker to a Bitcoin storage facility late…

Read More

IOTA announces partnership with Porsche

CRYPTO WORLD
IOTA Porsche

IOTA token’s price has jumped over 18% on the news that it will work with luxury car maker Porsche for Startup Autobahn’s Project 4. IOTA announced that it would work together with German automaker Porsche on the Program 4 project, which was backed by platform Startup Autobahn. IOTA and Porsche will work along with other startups on a program focused on smart mobility. The news supported IOTA’s token price, which surged about 19% in the last 24 hours according to Coinmarketcapdata. “The @PorscheLab is looking forward to work together with…

Read More

CoinMarketCap launches iOS mobile app

CRYPTO WORLD
CoinMarketCap App official

CoinMarketCap has released its first mobile application for iOS to track cryptocurrency prices. In its fifth anniversary since the launch of its website, the company also rebranded its website with a new logo and site design and added some highly requested features. The most prominent part of the new brand identity is logo, which represents the CMC of CoinMarketCap and the ups and downs of the markets. The users can now add cryptocurrencies to their Watchlist for quick and easy future reference. The Watchlist uses cookies to store one’s preferences…

Read More

Alibaba intros blockchain system for food trade

CRYPTO WORLD
blockchain

Alibaba and four Australian and New Zealand companies introduced a food-tracing system based on blockchain technology on Friday. The consortium, which includes two New Zealand-based companies dairy-exporter Fonterra and New Zealand Post, as well as Australia’s natural health company Blackmores and Australia Post, is called the Food Trust Framework. It will use an immutable central ledger to provide end-to-end supply-chain traceability and transparency designed to enhance consumer confidence and build a trusted platform for cross-border trade. Alibaba’s cross-border marketplace Tmall Global now incorporates controls to manage the supply-chain process including…

Read More

Scammers hijack verified Twitter account to steal crypto

CRYPTO WORLD
MetaMask

The founder and CEO of Telegram and its TON Initial Coin Offering (ICO) Pavel Durov tweeted a warning on Saturday, Apr 28, telling his followers that the messaging app is experiencing downtime due to its server clusters overheating. Durov’s tweet drew the attention of fake crypto giveaway scammers who have claimed, posing as Telegram’s CEO, to offer crypto to users as a “thank you for support.” The scammers have managed to hijack the verified Twitter account of an obscure Swedish musical band Club 8 and change its name and avatar…

Read More

80% of Bitcoins have been mined already

CRYPTO WORLD
Bitcoin Circulating Supply

This week cryptocurrency miners had processed the 17 million coins across both Bitcoin (BCH) and Bitcoin Core (BTC) networks, marking a great milestone within the history of blockchain technology. Now there are only 4Mn BCH and BTC left to mine but it’s still a very long time away until the very last coins are mined. 80.9% of all Bitcoins have been mined According to blockchain data, today both BTC and BCH miners mined the 17 millionth coin per network, and there are only 4 million left to mine. Now individuals…

Read More

Graphic card makers from Taiwan to see shipments plunge 40%

CRYPTO WORLD
mining cards

Taiwan-based graphics card makers including Gigabyte Technology, Micro-Star International (MSI) and TUL are expected to see their shipments for April plunge over 40% on month, as many clients have suspended taking shipments in response to drastic slowdown in demand for cryptocurrency mining machines, according to industry sources. Channel distributors and larger mining farm operators have cut orders with makers of mining graphics cards and mining motherboards or asked them to suspend shipments due to the crypto mining craze waning abruptly from the beginning of April, the sources said. Quite a…

Read More

Nasdaq would consider creating a crypto exchange

CRYPTO WORLD
Nasdaq

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Friedman remarked, adding: “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors… I believe that digital currencies will continue to persist it’s just a matter of…

Read More

Tianjin police seize 600 bitcoin mining computers

CRYPTO WORLD
Mining rigs

Police in north China’s Tianjin Municipality have confiscated 600 bitcoin mining computers after the local power grid reported abnormal electricity consumption. Eight high-power fans were also seized, local police said on Tuesday, adding that it was the largest power theft case in recent years. The power company monitored recent sudden increases in line loss on one electricity line, up to 28 per cent at the peak. The phenomenon is usually closely related with increased load current. An investigation found that the junction box of the suspected power user’s electricity meter…

Read More

Dubai ArtBank to use cryptocurrency instead of cash

CRYPTO WORLD
Dubai 10X

Dubai ArtBank establishes the emirate as a technology pioneer in the global creative economy. The Dubai ArtBank, the world’s first digital bank for art, has established the emirate as a technology pioneer in the global creative economy. The art bank was launched by the Dubai Culture & Arts Authority (Dubai Culture) during the 12 edition of Art Dubai held in March. Shaikha Latifa Bint Mohammad Bin Rashid Al Maktoum, Vice-Chairman of Dubai Culture, said the art bank reinforces Dubai’s growing role as a global art hub. The ArtBank introduces an…

Read More

NASA funds blockchain autonomous spacecraft

CRYPTO WORLD
NASA spacecraft

The National Aeronautics and Space Administration (NASA) has awarded a new grant that supports the development of an autonomous spacecraft that could make decisions using Blockchain technology without human intervention, news outlet Space.com reported April 18. Jin Wei Kocsis, an assistant professor of electrical and computer engineering at the University of Akron, Ohio, received a $330,000 NASA grant to support her research. Kocsis said that the research program will examine the application of Ethereum-based Blockchain technology in developing a secure computing system to be used in deep space: “In this…

Read More